Wednesday broker round-up UPDATE
9th Oct 2013 07:57
Air Partner: Liberum Capital initiates with a target price of 555p and a buy recommendation. Alent: Credit Suisse moves target price from 420p to 430p and keeps an outperform rating. AZ Electronic Materials: Credit Suisse revises target price from 350p to 330p, while staying with its neutral ratin
Read moreHiscox and Restaurant Group CEOs sell up
27th Sep 2013 16:11
Chief Executive at Hiscox, Bronek Masojada, has sold 10,000 shares at 650.50p a piece in the insurance provider. The sale generated £65,050 for Masojada, who joined the company in 1993. For the first half of the year the group posted a pre-tax profit of £180.7m (2012: £125.8m), helped by low ex
Read moreLondon close: Stocks rise despite more unbalanced UK economy
26th Sep 2013 16:58
London's benchmark FTSE 100 index ended the day up 14.06 points at 6,565.59, rebounding after hitting a two-week low of 6,551.53 on Wednesday. That came after a solid reading on US initial weekly unemployment claims - unemployment is the key variable for the short-term economic outlook. However,
Read moreFTSE 100 movers: Energy stocks hit by Labour pledge
26th Sep 2013 15:04
British Gas owner Centrica and utility group SSE were today extending losses after yesterday's proposal by Labour leader Ed Miliband to freeze energy bills if the party is voted back into power in 2015. The stock has now slipped below its 200-day moving average following three days of intense sellin
Read moreLondon midday: Stocks fall as focus remains on US data
26th Sep 2013 11:49
Markets were trading in negative territory on Thursday morning as investors gave a subdued reaction to in-line growth figures from the UK and awaited more economic data from the US. The second and final revision of UK gross domestic product (GDP) growth for the second quarter held steady at 0.7%. M
Read moreLondon open: Markets tentative ahead of economic data
26th Sep 2013 08:19
Markets opened tentatively on Thursday morning as investors awaited economic growth figures from both sides of the Atlantic due out later on. Wall Street benchmarks ended Wednesday's session slightly lower with the S&P 500 finishing in the red for the fifth straight day - its longest losing streak
Read moreCompass says full year expectations unchanged after good quarter
26th Sep 2013 07:03
Compass Group said its expectations for the full year were unchanged with organic revenues set to have risen by just over four per cent and profit margins to have grown slightly. The FTSE 100 catering giant said growth has been driven by new business wins and high client retention particularly in N
Read moreTuesday broker round-up UPDATE
24th Sep 2013 08:31
African Barrick Gold: Liberum Capital upgrades to hold with a target price of 147p. Amec: UBS reduces target price from 1200p to 1145p downgrading from buy to neutral. Compass Group: Investec ups target price from 900p to 925p and keeps a buy recommendation. CVS Group: Investec takes target price
Read moreBroker tips: Tate & Lyle, Sainsbury, Compass
20th Sep 2013 12:07
Shares in food and sweeteners manufacturer Tate & Lyle were falling heavily on Friday morning after the stock's rating was cut by Credit Suisse from 'outperform' to 'neutral'. The bank said its greatest concerns is a proposal in Mexico to tax soft drinks which would cut demand the group's high-fru
Read moreBroker snap: Panmure optimistic about shareholder returns at Compass
20th Sep 2013 11:01
Panmure Gordon has maintained its 'hold' rating for catering group Compass ahead of its pre-close trading update next week, but highlighted the company's strong balance sheet and showed optimism about shareholder returns. The broker foresees a further slowdown in organic growth in the fourth quarte
Read moreThursday broker round-up UPDATE
19th Sep 2013 08:20
ASOS: Canaccord Genuity increases target price from 3400p to 6200p and upgrades to buy. Associated British Foods: Jefferies raises target price from 1650p to 1750p and retains a hold recommendation. Barclays: Alphavalue upgrades from add to buy with a target price of 344.20p. BHP Billiton: Nomura
Read moreLondon close: Markets shrug off German downgrade rumours to finish higher
24th Jul 2013 16:56
Unconfirmed rumours of a downgrade to Germany's sovereign debt rating rattled markets on Wednesday afternoon, but stocks recovered to register moderate gains by the close of trade. The FTSE 100 finished the session up 23 points at 6,620. Senior Market Analyst Michael Hewson from CMC Markets said:
Read moreLondon midday: Markets boosted by earnings, Eurozone PMIs
24th Jul 2013 11:23
Upbeat corporate earnings from a number of heavyweights and improving data in the Eurozone gave UK markets a boost on Wednesday morning, as traders shrugged off concerns about manufacturing activity in China. easyJet, ARM Holdings, Tate & Lyle, Kingfisher and Compass were all trading firmly higher
Read moreLondon open: Markets rise as earnings impress
24th Jul 2013 08:53
Well-received updates and results from easyJet, ARM Holdings, Tate & Lyle, Compass and Kingfisher pushed the FTSE 100 firmly into positive territory on Wednesday morning, as markets shrugged off disappointing economic data from China. HSBC's flash China manufacturing purchasing managers' index (PMI
Read moreCompass Group reports revenue growth in third quarter
24th Jul 2013 07:23
Foodservice and support services company Compass Group said its expectations for the full year remain "positive and unchanged" following a strong third quarter. Organic revenue growth in the three months to end of June was 4.0% on a comparable working days basis, as robust performance in North Amer
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