Wednesday broker round-up UPDATE
21st Nov 2012 07:10
Avocet Mining: Goldman Sachs downgrades from neutral to sell. Barr (AG):Numis upgrades to add with a traget price of 525p. British Land: Morgan Stanley raises target price from 540p to 570p and upgrades to overweight. Jefferies raises target price from 554p to 561p, hold recommendation maintained.
Read moreWeek Ahead: Compass, Johnson Matthey, brewing & pubs groups
16th Nov 2012 12:44
Contract caterer Compass will give investors food for thought on Wednesday when it releases full year results. The market has pencilled in a figure of £16,869m for revenue, which is a lot of sausage rolls and crudités in anyone's language. Profit before tax is expected to break through the billion
Read moreFriday tips round-up: Resolution, Invensys and Capita
16th Nov 2012 06:45
Tempus writes that it is assured that yesterday's trading statement from Resolution is not a 'kitchen sink job imposed by the Chief Executive-designate Andy Briggs, appointed three months ago. It should have no effect on the 21p a share annual dividends that provide the shares with a stonking nine p
Read moreWednesday tips round-up: Capita, CRH and Cineworld
14th Nov 2012 06:42
Capita, which has 68 per cent of its existing work pipeline coming from the public sector, says that the expected public sector outsourcing work was beginning to flow through at last. The company is back to organic growth, a 6% rise in the second half expected to contrast with a flat outcome in the
Read moreLondon close: Stocks stage late rally but sentiment still fragile
13th Nov 2012 16:57
- Greece granted two more years to meet target - German sentiment worsens in November - ITV soars nine per cent after third-quarter figures A positive start on Wall Street prompted a rally for equity markets this side of the Atlantic on Tuesday afternoon, as investors temporarily shrugged off conce
Read moreFTSE 100 movers: ITV soars after beating market expectations
13th Nov 2012 14:59
Shares in ITV leapt after the broadcaster beat market expectations, despite net advertising revenue falling in the third quarter. NAR for the 'ITV Family' was down 10% in July, down 9% in August and down 1% in September, after taking a hit from the Olympics and Paralympics, which were shown on the B
Read moreLondon midday: Stocks drop after 'inconclusive' Eurogroup meeting
13th Nov 2012 11:46
- Greece granted two more years to hit targets - German ZEW surprises to the downside - UK inflation picks up in October The Footsie was stuck firmly in negative territory on Tuesday morning as worries about Greece's finances continue to weigh on sentiment, following the Eurogroup meeting yesterday
Read moreBroker tips: ITV, Capita, Cobham
13th Nov 2012 09:54
In spite of a 'positive' third-quarter trading update from terrestrial broadcaster ITV, Investec has retained its 'sell' rating and 75p target price for the stock. Excluding viewing share figures, the broker says that the third-quarter statement is positive with costs and ITV Studio profit coming i
Read moreBroker snap: Capita's valuation is 'too rich', says Panmure
13th Nov 2012 09:32
An 'in-line' trading statement from outsourcing giant Capita wasn't enough to change Panmure Gordon's 'sell' rating on the stock, which continues to believe that the stock's premium valuation over its peers is unjustified. Shares were down 1.17% at 718.5p in mid-morning trade on Tuesday, after an i
Read moreLondon open: Stocks drop as Greece given more time
13th Nov 2012 08:29
Concerns about Greece continued to weigh on sentiment on Tuesday morning, causing the FTSE 100 index to fall sharply in early trading. Meanwhile, there was news that China is "actively studying" the expansion of the property tax programme on concerns that transaction volumes and home prices could i
Read moreLondon pre-open: FTSE drops on mounting 'fiscal cliff' fears
13th Nov 2012 07:28
City sources predict the FTSE 100 will open down 24 points from yesterday's close of 5,767, as sentiment remains rather depressed as investors become increasingly concerned over the US's chances of side-stepping the much talked about 'fiscal cliff', a mix of tax hikes and pay reductions totalling $8
Read morePublic sector demand underpins Capita's confidence
13th Nov 2012 07:01
Outsourcing giant Capita is confident it will deliver three per cent organic growth for the year and an improved cash conversion rate for 2012 as compared to 2011. In terms of sales performance, 2012 has been a record year for major contract wins, with 33 contract wins set to bring in £1.7bn; at th
Read moreWednesday broker round-up
7th Nov 2012 08:59
3Leg Resources: Jefferies keeps buy rating and 100p target AB Foods: Barclays Capital ups target from 1,375p to 1,475p, overweigh rating kept; Nomura ups target from 1,380p to 1,500p, buy rating kept. Aberdeen: UBS ups target from 340p to 370p, buy rating kept. Babcock: Jefferies ups target from
Read moreFriday broker round-up - UPDATE
19th Oct 2012 09:00
Aggreko: Jefferies keeps buy rating and 2,800p target; Seymour Pierce keeps buy rating and 2,500p target; Panmure Gordon cuts target from 2,228p to 2,159p, hold rating unchanged. Alliance Pharma: umps upgrades to buy, target lifted from 32p to 37p. Avacta: Panmure Gordon keeps buy rating and 1.75p
Read moreLondon close: Global slowdown concerns weigh on stocks
10th Oct 2012 17:00
London's FTSE 100 index registered its third consecutive day in negative territory as uncertainty surrounding the outlook for the global economy continued to weigh on investor sentiment. "Financial markets struggled to find direction today, drifting into the red as persistent fears over slowing glo
Read more