Wednesday broker round-up - UPDATE
21st Mar 2012 09:16
Bovis Homes: UBS lifts target from 395p to 465p, sell rating kept. Cairn Energy: UBS cuts target from 370p to 365p, neutral rating unchanged. Debenhams: Citigroup upgrades from hold to buy, target upped from 65p to 85p. Lamprell: Nomura raises target from 265p to 430p, buy rating kept. Logica: S
Read moreLondon close: Chinese fears fuel sell-off
20th Mar 2012 16:26
- Miners drop on Chinese outlook - Glencore to buy Viterra for 3.9bn pounds - Supermarket stocks rise on broker upgrades Concerns about slowing growth in China have dampened sentiment today with miners bearing the brunt of the sell-off as falling house prices and rising fuel costs are feared to be
Read moreFTSE 250 movers: Gem shines after shimmering results
20th Mar 2012 14:12
Diamond miner Gem Diamonds was a big riser after it produced a sparkling set of 2011 results, with underlying profits shooting up on the back of record carat production at its Let?eng mine in Lesotho. The mining team at Northland Capital Partners, said: "The operational issue encountered at Ellend
Read moreLondon midday: Miners tank on Chinese growth fears
20th Mar 2012 12:02
- Inflation falls but not as much as expected - Miners fall on Chinese demand concerns - National Grid advances after a kind word from Nomura The Footsie slumped to its lowest levels of the day by midday, down a whole percentage point, after UK inflation fell at a lower-than-expected pace and worri
Read moreLondon open: Miners pull the Footsie lower
20th Mar 2012 08:36
- Miners fall as BHP warns of slowing steel production in China - OBR to raise UK GDP forecasts for 2012 - ARM, National Grid, United Utilities rise after upgrades The FTSE 100 slumped in the opening hour on Tuesday as the miners dragged the blue chip index into the red for a second day. According
Read moreCairn makes billion dollar loss but keeps faith in Greenland
20th Mar 2012 07:19
Oil firm Cairn Energy racked up a 1.19bn dollar loss in 2011 but said it was still optimistic about striking it big in Greenland. The loss on continuing operations was almost all down to unsuccessful exploration costs during the year of $942m. Cairn drilled five exploration wells offshore Greenlan
Read moreTuesday preview: Cairn Energy, Mears, inflation
19th Mar 2012 15:09
Oil firm Cairn Energy, which appears to have blown hundreds of millions of pounds in a fruitless search for oil and gas off the coast of Greenland, will release its full year results on Tuesday. The Scottish oil company, already regarded as a villain by many environmentalists because of its drilli
Read moreWeek Ahead: All eyes on the Chancellor
16th Mar 2012 08:15
Wednesday is the big day next week, when the Chancellor of the Exchequer, George Osborne, unveils details of the Finance Bill, known to the likes of you and me as 'the Budget'. After ratings agency Fitch warned on Thursday that there is a slightly better than evens chance that Britain will lose its
Read moreLondon close: Stocks rise as Greece secures bailout
9th Mar 2012 16:43
- 85.8 per cent of private creditors accept Greek bond-swap - Juncker says that bailout conditions have been met - Aggreko leads the rise after results After a subdued start, the Footsie jumped into the blue in afternoon trade on Friday, after Eurogroup President Jean-Claude Juncker said that the G
Read moreLondon midday: Lacklustre reaction to Greek debt-swap
9th Mar 2012 11:36
- 85.8 per cent of private creditors accept Greek bond-swap. - Merkel 'pleased' with high participation. - Broker downgrades take their toll on miners, oil stocks. The FTSE 100 index was trading just a few points lower by midday as Greece's crucial debt-swap deal failed to inspire confidence in th
Read moreFriday broker round-up
9th Mar 2012 10:00
ITV: Goldman Sachs raises price target to 137p from 102p, keeps at buy. Admiral: UBS hikes target from 890p to 1,085p, neutral rating unchanged. Bank of America-Merrill Lynch downgrades to underperform from neutral. AGA Rangemaster: Merchant Securities reiterates buy rating and 102p target. Ca
Read moreFriday broker round-up - UPDATE
2nd Mar 2012 09:28
Man Group: UBS raises target from 160p to 165p, buy rating unchanged. WPP: UBS ups target from 840p to 920p, buy rating kept. Standard Chartered: AlphaValue downgrades from reduce to sell, price target upped from 1,413.8p to 1,425.9p. IMI: Panmure Gordon keeps buy rating and 1,020p target. Cairn
Read moreFTSE 100 movers: Tullow drips into bottom spot
21st Feb 2012 14:14
Tullow Oil was among the worst performers after the firm said that while it has discovered hydrocarbons at an exploration well offshore Sierra Leone, the area where it has found oil "is likely to require additional evaluation". While Tullow's Exploration Director Angus McCoss says the results are
Read moreLondon midday: Stocks continue to fall after Greek bailout
21st Feb 2012 12:01
- Eurogroup approves Greek bailout. - Oil stocks drag Footsie lower. - Tullow Oil drops despite oil find in Sierra Leone. London's benchmark index was trading close to its intraday low at midday as investors pondered the future of the Eurozone following last night's Eurogroup approval of the next t
Read moreLondon open: Stocks slip after Greek bailout approval
21st Feb 2012 08:19
- Eurogroup approves Greek bailout. - Euro strengthens after announcement. - Footsie slips early on with oil stocks weighing on index. Despite Eurozone finance ministers doing what many had expected by approving the next tranche of aid for Greece, the Footsie opened moderately lower on Tuesday morn
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