Friday broker round-up -UPDATE
16th Nov 2012 07:22
Anglo American: Deutsche Bank cuts target price from 2600p to 2520p and reiterates a buy rating. Atkins: JP Morgan Cazenove reduces target price from 862p to 859p, overweight rating maintained. Bodycote: Investec raises target price from 400p to 410p, buy recommendation remains unchanged. Brammer
Read moreBroker tips: Electrocomponents, Compass, Tesco
28th Sep 2012 18:41
In a report issued yesterday analysts at Charles Stanley downgraded their view on shares of contract caterer Compass Group, to hold from buy. Thus, they pointed out how: "Over the last 12 months the Compass Group share price has risen by 30% and is near record highs. "Compass Group will be publ
Read moreBroker snap: Charles Stanley downgrades Compass to hold
28th Sep 2012 18:10
In a report issued yesterday analysts at Charles Stanley downgraded their view on shares of contract caterer Compass Group, to hold from buy. Thus, they pointed out how: "Over the last 12 months the Compass Group share price has risen by 30% and is near record highs. "Compass Group will be publi
Read moreFriday tips round-up: Compass, Kingfisher, Diageo
28th Sep 2012 07:17
Compass, the world's largest catering company, has proved an impressive investment through the financial crisis, with the shares up almost 200 per cent from their 2008 lows, but even this most defensive of companies cannot escape the fallout from the Eurozone debt crisis. Compass has responding by s
Read moreLondon close: Back in the blue ... just
27th Sep 2012 16:38
Having briefly broken above 5800 shortly after the start of trading, on the back of news of stimulus measures in China, the top share index move into negative territory in the afternoon session, before rallying near the close. The stock market is not the only thing back in the blue It was revealed
Read moreSector movers: Compass drags Leisure sector south
27th Sep 2012 16:15
Mining stocks have followed metals prices higher, on the back of reports that China's central bank has pumped record amounts of liquidity into the banking system. Not all mining stocks are going well, however. Mining giant Bumi added to recent losses on reports of a rift between the company's major
Read moreBroker tips: Compass, Nighthawk, Rexam
27th Sep 2012 16:00
Seymour Pierce has turned less positive on Compass Group, despite the contract caterer's fourth quarter numbers coming in ahead of expectations. According to the broker's calculations, the company's £0.5bn budget to buy back shares should be blown by the end of the year, at which point the question
Read moreBroker snap: Southern Europe puts Compass buyback renewal in doubt
27th Sep 2012 15:56
Seymour Pierce has turned less positive on Compass Group, despite the contract caterer's fourth quarter numbers coming in ahead of expectations. "Compass reported organic revenue growth of over 6% in the quarter and of around 5.5% for the twelve month period to September 30th 2012 driven by good le
Read moreFTSE 100 movers: Tate & Lyle rises on positive update
27th Sep 2012 14:50
Sweeteners group Tate & Lyle rose after it said first half adjusted operating profit will be similar to last year's level, in line with expectations. The group said it saw an improved performance in the second quarter in its Speciality Food Ingredients business. Anglo American was also on the rise
Read moreLondon midday: Rally revives after GDP data
27th Sep 2012 11:53
Footsie was close to squandering the gains it won in a bright start until better than expected UK gross domestic product figures came to the market's rescue. Second quarter gross domestic product contracted at a 0.4% quarter-on-quarter rate of change, a revision to the previous estimate of a 0.5% d
Read moreLondon open: Chinese central bank lends a hand
27th Sep 2012 08:23
Miners are back in fashion today and driving Footsie higher, as investors venture back into the market following yesterday's shake-out. Reports that China's central bank has pumped record amounts of liquidity into the banking system sent the Shanghai and Hong Kong stock markets into overdrive overn
Read moreLondon pre-open: FTSE to edge higher ahead of GDP reading
27th Sep 2012 07:29
City sources predict the FTSE 100 will open up 29 points from yesterday's close of 5,768, regaining some of Wednesday's lost ground ahead of the latest UK GDP figure out today. Yesterday saw stock markets all over the world retreat as investors fretted about Spain's negotiations over bailout terms
Read moreCompass upbeat as strong US, emerging markets continue
27th Sep 2012 07:05
Contract caterer Compass said expectations for the full year remain unchanged after a strong performance in the fourth quarter as its US and emerging markets continue to underpin growth. In an update ahead of its annual results, Compass said constant currency revenue growth for the year to Septembe
Read moreThursday preview: UK GDP & trade, TUI, Compass
26th Sep 2012 11:51
Thursday is a busy day for company announcements but investors could be forgiven for keeping more than one eye out for news of the Spanish austerity budget and the 9:30 announcement of the Office for National Statistics' latest stab at estimating UK gross domestic product (GDP). The market is not e
Read moreWife of Admiral CEO buys 1.6m pounds-worth of shares
5th Sep 2012 16:16
The wife of Admiral's Chief Executive Officer (CEO) bought a staggering amount of shares in the car insurance giant on Tuesday, worth nearly 1.6m pounds. Diane Briere de l'Isle, the partner of CEO Henry Engelhardt, snapped up 144,348 shares in Admiral at average price of 1,107p - this cost her a to
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