Tuesday broker round-up UPDATE
5th Feb 2013 07:14
Alternative Networks: Westhouse Securities downgrades from add to neutral with a target price of 280p. Anite: Northland Capital shifts target price from 153p to 167p leaving its buy recommendation unchanged. Barratt Developments: Liberum Capital raises target price from 165p to 259p and retains a
Read moreLondon midday: Stocks fall on profit-taking after recent surge
4th Feb 2013 11:30
UK stocks were registering moderate losses on Monday morning as traders began to lock in profits following a strong start to the year. The FTSE 100 jumped a whopping 6.4% last month, its best January performance since 1989. "After impressive recent gains, European equities cooled in early trade th
Read moreBroker tips: Centrica, Meggitt, 888 Holdings
4th Feb 2013 11:25
Seymour Pierce has retained its 'buy' rating and 403p target price for Centrica after the energy giant revealed on Monday that it would not be proceeding further in nuclear build in the UK and would be launching a buy-back programme. "This announcement removes some uncertainty around Centrica's inv
Read moreBroker snap: Centrica's nuclear new build exit removes uncertainty, says Seymour Pierce
4th Feb 2013 10:57
Seymour Pierce has retained its 'buy' rating and 403p target price for Centrica after the energy giant revealed on Monday that it would not be proceeding further in nuclear build in the UK. The joint venture with EDF Energy (80% EDF: 20% Centrica) was formed to undertake pre-development activitie
Read moreCentrica launches 500m-pound share repurchase programme
4th Feb 2013 10:08
FTSE 100 listed integrated energy company Centrica has announced the launch of a 500m-pound share repurchase programme following its decision not to participate in a UK nuclear new build. In 2009, Centrica acquired a 20% interest in EDF Energy's eight operational nuclear power stations in the UK an
Read moreMonday newspaper round-up: Barclays, Centrica, George Osborne...
4th Feb 2013 06:51
The last vestiges of Barclays' old guard are being swept away in a clearout that has claimed the finance director and the bank's legal chief. Chris Lucas, the finance director since 2007, and Mark Harding, the group general counsel who has been with Barclays for ten years, are stepping down, the len
Read moreFriday newspaper round-up: British Gas, UK austerity, Microsoft...
25th Jan 2013 06:56
Hundreds of workers in the insulation industry are at risk of losing their jobs after British Gas broke a promise to insulate thousands of homes free of charge, The Times has learnt. Britain's biggest energy supplier prematurely pulled a multimillion-pound programme to insulate an estimated 40,000 h
Read moreLondon close: Footsie jumps one per cent as economic data impresses
24th Jan 2013 17:09
Better-than-expected economic data lifted the FTSE 100 over one per cent higher on Thursday afternoon, as markets shrugged off disappointing results from the world's largest technology company, Apple. American jobless claims and a US manufacturing survey from Markit came in better than forecasts to
Read moreLondon midday: Markets boosted by economic data from Europe and China
24th Jan 2013 11:20
London's benchmark index was registering decent gains by Thursday lunchtime as earlier concerns about disappointing earnings from Apple were outweighed by better-than-expected economy data from Europe and China. Investors began today's session in a cautious fashion with the FTSE 100 struggling to
Read moreLondon open: Markets flat as Apple disappoints
24th Jan 2013 08:26
UK stocks opened broadly flat on Thursday morning as a disappointing earnings report from the world's largest technology company weighed on sentiment early on. US tech titan Apple saw shares tumble after the closing bell in New York last night after its fiscal first-quarter results missed forecasts
Read moreThursday broker round-up UPDATE
24th Jan 2013 08:20
Ashtead Group: Jefferies raises target price from 450p to 525p and keeps a buy recommendation. Aviva: Berenberg cuts target price from 480p to 470p, while retaining a hold recommendation. JP Morgan revises target price from 424p to 443p and maintains an overweight rating. Barr (AG): Societe Genera
Read moreLondon midday: Markets edge higher on light volumes
21st Jan 2013 11:41
- Admiral leads Footsie higher - Wall Street closed for MLK Day - BoJ expected to announce stimulus; Eurogroup meet in Brussels Stock markets across Europe were making small gains on Monday morning with volumes said to be light in the absence of trading on Wall Street later on. "European equities
Read moreLondon open: Admiral leads market higher early on
21st Jan 2013 08:27
The FTSE 100 edged higher in early trading on Monday morning ahead of key meetings in Japan and Europe, though volumes are said to be light given a national holiday in the US. "We could see some choppy markets today, with trading volumes severely reduced as US markets shut in observance of Martin L
Read moreBroker snap: Utilities stocks continue to steady, says Seymour Pierce
21st Jan 2013 08:05
With results in the utilities sector not expected to grab many headlines over the next few weeks, Seymour Pierce has highlighted its best and worst picks for the category. "Overall, we believe that the utilities sector continues to be a 'Steady Eddie', performing as it should in uncertain markets,"
Read moreMonday broker round-up UPDATE
21st Jan 2013 07:02
Abbey Protection: Numis increases target price from 90p to 120p and upgrades to add. Admiral: Goldman Sachs upgrades to buy from neutral, raising its price target to 1500p from 1160p before. Aggreko: Bank of America lowers target price from 2700p to 1950p and downgrades to neutral. Anglo Americ
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