Wednesday broker round-up UPDATE
20th Aug 2014 10:50
BHP Billiton: Deutsche Bank raises target price from 1450p to 1500p and leaves its buy recommendation unchanged. Investec increases target price from 2175p to 2205p and maintains a hold recommendation. Big Yellow Group: Liberum Capital ups target price from 565p to 591p and keeps its buy recommenda
Read moreWednesday newspaper round-up: Balfour/Carillion, Apple, StanChart...
20th Aug 2014 06:58
Balfour Beatty is poised to reject a third merger offer from Carillion as hopes for the creation of a £3 billion construction "powerhouse" fade. Sources said the construction group headed by Steve Marshall, the under-fire chairman, is likely to reject Carillion's offer as the new proposal failed to
Read moreCairn Energy engaging with India as future focus moved to North Sea
19th Aug 2014 11:54
Although it continues to be dogged by a tax dispute in India, Cairn Energy completed the first half of year with $1.1bn of cash in the bank and said it remained fully funded through to delivery of free cash flow from 2017. The FTSE 250 group said it continues to seek resolution of a tax issue in In
Read moreThursday broker round-up UPDATE
24th Jul 2014 08:59
Afren: JP Morgan shifts target price from 180p to 188p upgrading from underweight to overweight. Anglo American: Jefferies raises target price from 1550p to 1700p and reiterates a hold recommendation. Antofagasta: Jefferies increases target price from 825p to 1000p upgrading from hold to buy. ARM
Read moreFTSE 250 movers: Hochschild lifted by rating, Bellway falls
21st Jul 2014 15:32
Housebuilder Bellway was lower amid a wider sector decline after Rightmove published data that showed the average asking price for a UK home dropped 0.8% from £272,275 in June to £270,159 in July. The also had its 'hold' rating reiterated by Deutsche Bank. Oil stocks including Cairn Energy weake
Read moreTuesday broker round-up UPDATE
15th Jul 2014 08:53
Admiral Group: Numis moves target price from 1710p to 1720p, while downgrading from buy to add. African Barrick Gold: UBS initiates with a target price of 260p and a buy recommendation. Ashtead Group: Berenberg initiates with a target price of 1110p and a buy recommendation. British American Taba
Read moreFTSE 250 movers: Petra Diamonds sparkles after latest discovery
13th Jun 2014 14:30
Miner Petra Diamonds has recovered an "exceptional" 122.52-carat blue diamond at its Cullinan mine in South Africa. "The rarity of a blue diamond of this magnitude sets it apart as a truly significant find," the company said in a statement. RBC Capital upped its target price from 180p to 200p, ret
Read morePremier Oil's North Sea Catcher development wins UK backing
12th Jun 2014 08:07
Premier Oil said on Thursday that it is "pleased" after the UK government approved the Field Development Plan (FDP) for its Catcher Block in the North Sea. Operator Premier has a 50% interest in Catcher, which is expected to produce 96m barrels of oil equivalent with a peak output rate of around 50
Read moreFriday broker round-up UPDATE
30th May 2014 09:14
ASOS: N+1 Singer reduces target price from 5300p to 4100p, while staying with its hold recommendation. Cairn Energy: JP Morgan cuts target price from 315p to 279p and maintains an overweight rating. Cobham: Canaccord Genuity increases target price from 285p to 320p and reiterates a hold recommenda
Read moreTuesday broker round-up UPDATE
20th May 2014 07:58
Alent: UBS lowers target price from 360p to 355p and keeps a buy recommendation. APR Energy: Investec reduces target price from 1150p to 880p and stays with its hold recommendation. ARM Holdings: Goldman Sachs reduces target price from 1450p to 1400p and stays with its buy recommendation. AVEVA H
Read moreNew funding at Cairn Energy a 'key milestone' for North Sea fields
15th May 2014 14:09
BNP Paribas has agreed to loan Cairn Energy 575m dollars to help fund the development of the latter's Kraken and Catcher fields in the North Sea. The fully underwritten seven-year debt facility is a "key milestone" for the fields, according to Cairn Chief Executive Simon Thomson. "The cash flow fr
Read moreSector movers: Oil stocks rise as Shell, Tullow and Heritage gain
30th Apr 2014 15:19
Upbeat first-quarter results from heavyweights Shell and Tullow gave the UK oil and gas sector a shot in the arm on Tuesday, along with a takeover offer for Heritage Oil. First-quarter earnings were down 3% at Royal Dutch Shell, but well ahead of consensus estimates. Excluding large impairments o
Read moreCairn Energy boardroom departures 'unexpected', says UBS
11th Apr 2014 09:53
UBS has kept a 'neutral' rating on Scottish oil and gas group Cairn Energy after the surprise departure of two high-level executives. The company announced on Thursday that its Deputy Chief Executive Officer (CEO), Mike Watts, and Managing Director and Chief Financial Officer, Jann Brown, would not
Read moreLondon midday: Stocks erase early gains, BoE holds rates
10th Apr 2014 11:50
- BoE holds rates, US jobless claims ahead - FOMC minutes reveal dovish stance - M&S erases gains after trading update - RBS pays to cancel dividend access share techMARK 2,733.65 +0.13% FTSE 100 6,640.82 +0.08% FTSE 250 16,217.66 +0.33% UK stocks mostly erased gains by Thursday lunchtime after th
Read moreLondon open: Stocks rise strongly after Fed minutes
10th Apr 2014 08:32
- FOMC minutes reveal dovish stance - BoE, economic data in focus today - M&S, Hays and 888 gain after trading updates - RBS pays to cancel dividend access share techMARK 2,751.14 +0.77% FTSE 100 6,683.98 +0.73% FTSE 250 16,298.45 +0.83% UK stocks advanced on Thursday, following a strong performan
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