FTSE 100 movers: GKN boosted by upgrade
4th Mar 2013 12:45
GKN shares rose into the top spot after Goldman Sachs raised its target price from 195p to 272p and upgraded the stock from sell to neutral. Capita Group followed closed behind after Jefferies raised its target price from 840p to 1,010p and kept a buy recommendation. The business process manager a
Read moreMonday broker round-up UPDATE
4th Mar 2013 07:12
Aggreko: JP Morgan takes target price from 1845p to 1870p, while reiterating a neutral rating. Anglo American: Nomura reduces target price from 1800p to 1700p and downgrades from neutral to reduce. ARM Holdings: Deutsche Bank increases target price from 400p to 445p, but still recommends selling.
Read moreFTSE 100 movers: Petrofac down on underwhelming results
27th Feb 2013 15:42
Oilfield services group Petrofac was a big faller after underwhelming with a nine per cent rise in revenue and 17 per cent increase in net profit in 2012. The firm´s plans to invest around $1bn in capital outlays over the next five years displeased some analysts. Eurasian Natural Resources Corpora
Read moreLondon midday: Sentiment still fragile after inconclusive Italian elections
27th Feb 2013 11:28
Markets across Europe were staging a slight rebound on Wednesday but sentiment was still fragile as political instability in Italy spread fears that the Eurozone crisis could drag on for some time yet. Stocks sank yesterday (FTSE 100 down 1.3%, Cac 40 down 2.7% and FTSE MIB down 4.9%) in the wake o
Read moreLondon open: Markets claw back after sell-off
27th Feb 2013 08:40
Stock markets rebounded slightly on Wednesday morning following a sell-off the day before after the disappointing outcome to the national elections in Italy. Equities across Europe were sold off yesterday in the wake of the Italian elections which revealed growing support for anti-austerity parties
Read moreLondon pre-open: Modest gains expected on FTSE in early trading
27th Feb 2013 07:29
City sources predict the FTSE 100 will open up 16 points from yesterday's close of 6,270, tracking US stocks which finished in positive territory on Tuesday, bucking the trend seen across Europe, as investors shrugged off the political instability in Italy and focused on comments from Federal Reserv
Read moreCentrica earnings heat up
27th Feb 2013 07:02
Energy company Centrica said 2012 earnings rose as cold weather during the year pushed up gas consumption. Adjusted earnings climbed 5.0% to £1.4bn, or 27.1p per share, for the year to December 31st, 2012 as domestic gas consumption increased 12%. Revenues also grew 5.0% to £23.9bn while total ad
Read moreMonday newspaper round-up: UK rating, RBS, Centrica...
25th Feb 2013 06:54
Britain will take 'several years' to get back its AAA credit rating, Kenneth Clarke warned yesterday as the Tory Right called on George Osborne to change direction. Backbenchers said that the Chancellor should cut spending further, and reduce taxes and fuel duty in the wake of the ratings agency Moo
Read moreMonday newspaper round-up: Sterling, BoE, Centrica
18th Feb 2013 06:57
Hedge funds and investment managers are dumping sterling as disappointing economic growth in the UK, the threat of a downgrade of its debt and an upcoming change of guard at the Bank of England have fuelled concerns about a drop in the country's asset values. More speculators are shorting the pound
Read moreCentrica: Weston to be put forward as future head of British Gas
15th Feb 2013 08:49
Integrated energy company Centrica has responded to recent press speculation regarding the likely successor to Phil Bentley as head of British Gas. The FTSE 100-listed energy retailer said: "It is expected that a proposal that Chris Weston will succeed Phil Bentley as the director responsible for B
Read moreTuesday newspaper round-up: Cyprus, RBS, Heathrow...
12th Feb 2013 07:03
Cyprus is likely to receive its long-awaited eurozone bailout by the end of March, according to the European Central Bank executive Jörg Asmussen, pictured. Cyprus is hoping to secure a 17.5bn euros (14.8bn pounds) bailout from other European member states, but some German politicians have been hesi
Read moreMonday broker round-up UPDATE
11th Feb 2013 07:41
Aquarius Platinum: Deutsche Bank shifts target price from 82p to 83p keeping a buy recommendation. AstraZaneca: JP Morgan cuts target price from 2970p to 2750p and retains an underweight rating. Avation: WH Ireland ups target price from 120p to 140p, while its buy recommendation is kept. Bellway:
Read moreFriday tips round-up: Icap, Dairy Crest, Centrica
8th Feb 2013 06:57
Tempus yesterday pointed out that one of his picks for 2013, Lamprell, was up 53 per cent so far and suggested investors might take some profits. A second, Thomas Cook, is up 78 per cent so far, after yesterday's update. For him the best option for nervous investors may be that 78 per cent in five w
Read moreWednesday broker round-up UPDATE
6th Feb 2013 10:12
ARM Holdings: Investec ups target price from 900p to 940p, maintaining its hold recommendation. JP Morgan increases target price from 540p to 625p and retains a neutral rating. UBS moves target price from 900p to 930p, while its neutral rating is reiterated. Espirito Santo raises target price from 8
Read moreFTSE 100 movers: Hargreaves Lansdown rises ahead of results
5th Feb 2013 15:00
Financial services firm Hargreaves Lansdown rose to the top of the FTSE 100 Tuesday - one day ahead of its interim results. Analysts at Barclays today raised their price target on the firm's shares to 820p from 800p. Microprocessor IP licensing company ARM Holdings was also climbing the ladder aft
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