London open: Markets nervous ahead of US GDP data
26th Apr 2013 08:41
Markets opened in negative territory on Friday morning as eyes turned to the all-important reading of first-quarter economic growth in the US. The US Commerce Department is expected to reveal later on that gross domestic product (GDP) in the world's largest economy expanded at a 3.0% pace in the fi
Read moreCapita to form joint venture with UK Cabinet Office
26th Apr 2013 07:41
FTSE 100-listed business process management provider Capita will form a joint venture company with the UK Cabinet Office to commercialise the government's portfolio of best management practice training tools. The UK government currently has a proprietary portfolio of best management practice traini
Read moreLondon midday: FTSE 100 on track for fourth straight loss
17th Apr 2013 11:39
A number of heavyweight stocks going ex-dividend assured that London's FTSE 100 index was in the red for a fourth consecutive day on Wednesday, while concerns over the global economy continued to weigh on sentiment. Global growth fears have hit markets over the last few days after a surprise slowdo
Read moreLondon open: Ex-div stocks sink markets early on
17th Apr 2013 08:47
The FTSE 100 was in the red for the fourth straight day on Wednesday as a number of ex-dividend stocks provided a drag on London's benchmark index. Global growth concerns have weighed on markets over the last few days after a surprise slowdown was reported in China in the first quarter. These fears
Read moreBroker snap: Westhouse cuts Babcock due to limited upside
3rd Apr 2013 10:30
The share price of Babcock International, the UK engineering supports services organisation, was relatively subdued on Wednesday morning despite an in-line trading statement, as Westhouse Securities downgraded the stock from 'add' to 'neutral'. The company said that it has traded "well" throughout
Read moreThursday broker round-up
21st Mar 2013 07:16
ASOS: Citigroup takes target price from 3000p to 4000p and keeps a buy recommendation. Deutsche Bank moves target price from 2600p to 3000p, while maintaining a hold recommendation. Atkins: Liberum Capital ups target price from 880p to 1020p upgrading to buy. Barr (AG): Shore Capital downgrades to
Read moreBroker tips: Capita, G4S, Prudential
13th Mar 2013 10:59
UBS has cut its rating for Capita from 'buy' to 'neutral', saying that the outsourcing company's improved fundamentals are now priced in. The broker believes that Capita's full-year results on February 28th addressed the market's major issues but the broker has longer-term concerns about falling ma
Read moreBroker snap: Capita hit by UBS downgrade
13th Mar 2013 10:42
UBS has cut its rating for Capita from 'buy' to 'neutral', saying that the outsourcing company's improved fundamentals are now priced in. The shares, down over 2.0% on Wednesday, have jumped around 16% in 2013 so far. The broker believes that Capita's full-year results on February 28th addressed t
Read moreWednesday broker round-up UPDATE
13th Mar 2013 08:28
Afren: UBS raises target price from 160p to 200p and reiterates a buy recommendation. African Barrick Gold: Westhouse Securities reduces target price from 255p to 195p and keeps a sell recommendation. Antofagasta: Deutsche Bank lowers target price from 1260p to 1150p, while staying with its hold r
Read moreMonday broker round-up UPDATE
11th Mar 2013 07:23
Admiral Group: Berenberg ups target price from 1000p to 1060p, but still recommends selling. Amlin: Westhouse Securities raises target price from 440p to 455p, but downgrades from add to neutral. Anite Group: Invetsec downgrades from buy to hold with a target price of 157p. Aviva: Citigroup reduc
Read moreThursday broker round-up UPDATE
7th Mar 2013 07:25
Admiral: Nomura raises target price from 1350p to 1493p keeping a buy recommendation. African Barrick Gold: Nomura cuts target price from 435p to 200p and downgrades from neutral to reduce. Aggreko: Investec increases target price from 1750p to 1940p upgrading from hold to buy. Anglo American: No
Read moreTuesday broker round-up UPDATE
5th Mar 2013 07:15
Abcam: Investec raises target price from 466p to 484p and keeps a buy recommendation. Numis revises target price from 470p to 530p and maintains its buy ratng. Access Intelligence: Merchant Securities initiates with a target price of 7p and a buy recommendation. Amlin: Canaccord Genuity raises tar
Read moreFTSE 100 movers: GKN boosted by upgrade
4th Mar 2013 12:45
GKN shares rose into the top spot after Goldman Sachs raised its target price from 195p to 272p and upgraded the stock from sell to neutral. Capita Group followed closed behind after Jefferies raised its target price from 840p to 1,010p and kept a buy recommendation. The business process manager a
Read moreMonday broker round-up UPDATE
4th Mar 2013 07:12
Aggreko: JP Morgan takes target price from 1845p to 1870p, while reiterating a neutral rating. Anglo American: Nomura reduces target price from 1800p to 1700p and downgrades from neutral to reduce. ARM Holdings: Deutsche Bank increases target price from 400p to 445p, but still recommends selling.
Read moreLondon close: Strong US data prompts late rally...again
1st Mar 2013 17:13
For a third day in a row, the FTSE 100 index rallied in afternoon trade on the back of strong economic figures from America, as investors temporarily shrugged off concerns about the automatic spending cuts which kick in later today. US President Barack Obama met with congressional leaders this afte
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