London midday: UK stocks sink 1.4% as investors scale back risk
1st Aug 2014 12:10
- RBS underwhelms with Q2 results - Mining stocks fall as investors scale back risk - Rexam, IAG, Smith & Nephew gain after results - Gaza fighting, US data keeps investors cautious techMARK 2,732.54 -1.17% FTSE 100 6,635.42 -1.41% FTSE 250 15,313.02 -1.18% UK stocks were in the red for the third
Read moreFriday broker round-up UPDATE
1st Aug 2014 10:33
AstraZeneca: Deutsche Bank ups target price from 3950p to 4000p staying with its hold recommendation. Avacta: Numis places both its target price and its buy recommendation under review. Barclays: Berenberg upgrades from sell to hold with a target price of 220p. Bodycote: UBS shifts target price f
Read moreLondon open: Miners, RBS drag UK stocks lower ahead of US data
1st Aug 2014 09:15
- Miners, RBS drag markets lower - US labour-market data in focus - UK stocks follow sell-off on Wall Street techMARK 2,747.58 -0.63% FTSE 100 6,688.51 -0.62% FTSE 250 15,393.35 -0.66% Falling share prices in the mining sector and a cool reaction to quarterly results from Royal Bank of Scotland en
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 moreThursday tips round-up: Capita
24th Jul 2014 08:27
Capita is a 'hold' after its recent outperformance, according to the Tempus column in The Times, despite a strong showing from the outsourcing group in the first half. The paper highlighted the £1.3bn of contract wins during the first six months of the year, as well as the record pipeline of £5.7bn
Read moreFTSE 100 movers: GlaxoSmithKline shares tank as drugmaker lowers outlook
23rd Jul 2014 14:31
The share price ofGlaxoSmithKline tanked 6% on Wednesday afternoon, leading the fallers on the FTSE 100, as the drugmaker disappointed with a 4% drop in quarterly sales to £5.6bn and lowered its full-year outlook. It now expects to deliver 2014 full-year core earnings per share "broadly similar to l
Read moreCapita beats expectations as private sector outsourcing grows - UPDATE
23rd Jul 2014 13:46
- Organic revenue up 11%, revenue up 13.9% - Underlying PBT up 16%, EPS up 11.9% - Dividend up 10.3% to 9.6p Fuelled by its highest ever level of bid pipeline prospects, outsourcing group Capita beat expectations with first half results, including £1.3bn of new contracts from an ever-broadening cus
Read moreBroker tips: Capita, BHP Billiton, ARM Holdings, Renishaw
23rd Jul 2014 12:51
Investec said it sees momentum building at Capita after a "strong set of interims" from the outsourcing group, which revealed double-digit organic growth and operating margins. "Whilst the current valuation is not compelling, it is equally difficult to ignore the strong momentum in this business, w
Read moreLondon midday: FTSE 100 tops 6,800 as earnings impress
23rd Jul 2014 12:08
- Capital, BHP, Renishaw rise strongly after results/updates - BoE votes unanimously on rates - Ukraine, Gaza still in focus but fears ease techMARK 2,833.96 +0.26% FTSE 100 6,816.83 +0.32% FTSE 250 15,696.15 +0.29% UK stocks were trading at their highest level in over two weeks on Wednesday as we
Read moreInvestec upgrades Capita, sees momentum building
23rd Jul 2014 11:14
Investec said it sees momentum building at Capita after a "strong set of interims" from the outsourcing group, which revealed double-digit organic growth and operating margins. The broker has lifted its recommendation for the shares from 'hold' to 'add' and hiked its target price from 1,100p to 1,2
Read moreLondon open: Capita, BHP Billiton lead gains ahead of BoE minutes
23rd Jul 2014 09:03
- FTSE 100 on track for highest finish since July 7th - BoE minutes eyed amid rate-hike speculation - Capita gains after strong first half - BHP leads miners higher as production rises techMARK 2,836.01 +0.33% FTSE 100 6,799.25 +0.06% FTSE 250 15,704.44 +0.34% After an initial fall, UK stocks push
Read moreWednesday broker round-up UPDATE
23rd Jul 2014 09:01
Abcam: Canaccord Genuity ups target price from 375p to 400p and upgrades from hold to buy. ARM Holdings: Deutsche Bank cuts target price from 975p to 950p and maintains a hold recommendation. Credit Suisse lowers target price from 1125p to 1100p and leaves its outperform rating unaltered. Beazley:
Read moreCapita hits first-half mark as private sector outsourcing grows
23rd Jul 2014 07:57
- Organic revenue up 11%, revenue up 13.9% - Underlying PBT up 16%, EPS up 11.9% - Dividend up 10.3% to 9.6p Fuelled by its highest ever level of bid pipeline prospects, outsourcing group Capita has secured £1.3bn of new contracts in the first half from a customer base ranging from John Lewis to th
Read moreLondon pre-open: After-hours trading in US to push FTSE lower
23rd Jul 2014 07:47
London's blue chips are expected to start the day on the back foot, knocked lower by earnings reports from both Microsoft and Apple after a positive close to yesterday's US session. Ahead of the release of the Bank of England's minutes from its July meeting, the FTSE 100 is expected to open around
Read moreBroker tips: Rio Tinto, Aggreko, Capita, Rightmove
9th Jun 2014 12:59
Credit Suisse has maintained its 'outperform' rating for diversified mining group Rio Tinto, saying it prefers the UK-listed stock over Brazilian rival Vale. Credit Suisse believes that the market is "correctly anticipating" a return to positive free cash flow and shareholder returns at Rio Tinto,
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