Thursday broker round-up UPDATE
27th Feb 2014 09:55
Balfour Beatty: Berenberg moves target price from 340p to 350p and stays with a buy recommendation. Bodycote: FinnCap places both its target price (prev.: 620p) and its hold recommendation under review. Investec raises target price from 770p to 810p and keeps a buy recommendation. Numis upgrades fr
Read moreLondon open: FTSE edges higher as investors weigh results, Eurozone data
27th Feb 2014 08:24
- FTSE opens marginally higher - Strong results from Capita, Whitbread - German jobless rate steady at 6.8 per cent techMARK 2,896.69 -0.10% FTSE 100 6,803.69 +0.07% FTSE 250 16,484.09 +0.08% The FTSE inched into positive territory this morning as strong results from Capita and an upbeat outlook f
Read moreCapita 2013 profits up 14 per cent; wins 588m pounds in new 2014 contracts
27th Feb 2014 07:03
Outsourcing specialist Capita said it had won 588m pounds-worth of new contracts so far in 2014 as it lifted pre-tax profits by 14 per cent to 215m pounds for the 2013 full year. Revenues rose 15% to £3.85bn and operating profits increased to £516m from £312m in 2102. "We are seeing particularly
Read moreChinese lending boosts FTSE as RSA Insurance leads risers
17th Feb 2014 08:25
- FTSE rises 33 points early on - Chinese lending, new Italian PM lift sentiment - RSA up on capital raising talk techMARK 2,838.60 +0.24% FTSE 100 6,695.20 +0.47% FTSE 250 16,141.35 +0.19% The FTSE put in a better than first anticipated performance in early trade, lifted by a strong performance i
Read moreModest gains expected on FTSE despite strong finish in Asia
17th Feb 2014 07:20
City sources predict the FTSE 100 will open five points higher than Friday's close of 6,663.62, largely ignoring fairly strong gains in Asia overnight and a strong finish to last week across the Pond. US stocks closed higher on Friday with benchmarks registering their best weekly performances of th
Read moreCapita scores Scottish public services contract
17th Feb 2014 07:01
Outsourcing giant Capita has signed a framework contract to deliver the Scottish Wide Area Network (SWAN), a single network that has been set up to connect all public service organisations within Scotland. Under the agreement, which is worth up to £325m over a nine-year period, Capita will deliver
Read moreWednesday broker round-up UPDATE
22nd Jan 2014 08:33
Admiral Group: Numis raises target price from 1425p to 1710p upgrading from add to buy. African Barrick Gold: Deutsche Bank moves target price from 180p to 190p and keeps a hold recommendation. RBC Capital takes target price from 220p to 250p and maintains an outperform rating. JP Morgan ups target
Read moreMonday broker round-up UPDATE
20th Jan 2014 08:41
Admiral Group: Canaccord Genuity raises target price from 1160p to 1400p and upgrades to hold. African Barrick Gold: Westhouse Securities lowers target price from 170p to 160p and downgrades to sell. Alkane Energy: Liberum Capital downgrades to hold with a target price of 44p. Allocate Software:
Read moreCapita wins London congestion and low-emission contracts
14th Jan 2014 07:10
Government outsourcing group Capita has been awarded the contracts to operate London's congestion charge, low-emission zone (LEZ) and traffic enforcement schemes. The five-year contract is expected to be generate revenue of around £145m for Capita, which helped set up and operate the original cong
Read moreLondon pre-open: FTSE to slump at opening bell
14th Jan 2014 07:02
- Drop of 37 points expected early on - S&P 500 registers worst performance in two months - Focus on UK inflation City sources predict the FTSE 100 will open 37 points below yesterday's close of 6,757.15, tracking declines seen in the US overnight, which saw the S&P 500 register its poorest perform
Read moreBroker tips: Miners, Outsourcers, M&S, Cineworld
10th Jan 2014 11:21
2014 could initially be 'another difficult period' for the UK mining sector, according to analysts at Barclays, who maintained their 'negative' view on the industry on Friday. In a research note to clients, the bank said that "key issues" of 2013 - negative earnings growth, minimal free cash-flow (
Read moreBroker snap: UBS upgrades Capita, downgrades Serco
10th Jan 2014 09:51
Outsourcing group Capita was performing well on Friday morning after UBS raised its recommendation for the stock, while sector peer Serco was hit by a ratings downgrade by the same Swiss bank. UBS said that Capita has good earnings prospects with strong results in 2013 underpinning estimates this y
Read moreCapita to take on G4S and Serco's prisoner tagging contracts
12th Dec 2013 13:45
Outsourcing group Capita is to take on the electronic prisoner tagging contracts from G4S and Serco on a temporary basis. The Ministry of Justice announced that Capita would take over the delivery of electronic monitoring from April 2014 as it continued discussions with preferred bidders for newer
Read moreFTSE 100 movers: Rio Tinto gains on production increase
28th Nov 2013 15:03
Rio Tinto gained strongly after saying it will increase its mine production capacity at lower capital cost per tonne at its iron ore business in Western Australia. The miner expects mine production capacity will increase by more than 60m tonnes per year between 2014 and 2017 from a run base rate of
Read moreCapita names as preferred bidder for contract with RWE npower
28th Nov 2013 09:44
Support services provider Capita has been been selected as the preferred bidder to provide both front and back office services to RWE npower, a UK-based electricity and gas supply generation company. The final negotiations for the contract are currently being finalised, although it is expected to
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