Thursday broker round-up
31st May 2012 09:26
Aviva: Nomura cuts target from 600p to 540p, buy rating unchanged. Babcock: Panmure Gordon downgrades from buy to hold, target left at 940p. BG Group: Jefferies reiterates buy stance and 2,000p target. BHP Billiton: Credit Suisse maintains outperform rating and 2,460p target. BT Group: Nomura ke
Read moreCapita buys medical software company
30th May 2012 10:35
Outsourcing firm Capita has splashed out 20 million pounds on technology firm Clinical Solutions Holdings. Capita said the acquisition added further expertise to its existing services for the NHS, which include everything from support services for health providers to finance and accounting. Clinic
Read moreLondon close: Gains erased as Spanish yields advance
28th May 2012 17:02
- Gains trimmed by the end of trade - Newsflow improves in Greece; New Democracy support increases - Spanish concerns weigh on sentiment London blue chips finished broadly flat on Monday as the initial optimism surrounding the Greek elections was outweighed in afternoon trade by ongoing concerns ab
Read moreFTSE 100 movers: Miners rise but IAG flying low
28th May 2012 15:28
Copper miners Rio Tinto, Xstrata and Antofagasta were tracking copper prices higher on the back of falling stockpiles in China and favourable comments by Citigroup. Citi analyst Heath Jansen this morning adjusted his short-term view on the copper industry from bearish to neutral. Outsourcing group
Read moreBroker tips: Capita, AVEVA, Inmarsat
28th May 2012 12:15
UBS has upgraded its rating for outsourcing group Capita from neutral to buy on the back of improving trading momentum combined with a depressed valuation. The valuation is at an all-time low and, with the government bid pipeline acting as a near-term catalyst, UBS says that it presents a good buyi
Read moreLondon midday: Financials, miners lift Footsie higher
28th May 2012 11:43
- Support for New Democracy increases - Financials, miners advance in morning trade - Some European, US markets closed today Reports of rising popularity for Greece's New Democracy party were giving a lift to London's FTSE 100 on Monday morning as fears over an exit from the Eurozone eased. Sever
Read moreBroker snap: UBS upgrades Capita to buy
28th May 2012 11:37
UBS has upgraded its rating for outsourcing group Capita from neutral to buy on the back of improving trading momentum combined with a depressed valuation. Increased M&A activity has coincided with two years of negative organic revenue growth meaning that the stock has put it the worst performance
Read moreMonday broker round-up
28th May 2012 09:26
888 Holdings: Panmure Gordon reiterates buy rating and 93p target. Aggreko: AlphaValue upgrades from sell to add, target kept at 2,206.5p. Aveva: Panmure Gordon cuts target from 1,670p to 1,590p, hold rating unchanged; Merchant Securities keeps buy rating and 1,800p target. Britvic: UBS cuts targ
Read moreTalkTalk partners Fujitsu to create Post Office network
25th May 2012 11:56
TalkTalk Group has joined forces with Fujitsu to design and deliver a solution for the Post Office that will provide a next generation network (NGN) platform for the PO's Homephone and Broadband customers. Fujitsu has partnered with TalkTalk to deliver the NGN platform, with Capita for the custome
Read moreThursday broker round-up - UPDATE
26th Apr 2012 08:36
Admiral: Oriel Securities retains sell rating and 740p target. AstraZeneca: Panmure Gordon maintains buy rating and 3,600p target. Barclays: Nomura reiterates neutral rating and 268p target; Exane BNP Paribas keeps outperform rating and 300p target; Oriel Securities keeps buy rating and 285p targe
Read moreCapita Chief Exec drops 400,000 shares
25th Apr 2012 16:34
Paul Pindar, the Chief Executive of Capita, the FTSE 100 global business services group, has ditched 400,000 shares in the firm. Pindar, who joined Capita in 1987 from 3i, sold off the shares for 685p each, earning him £2.74m. The shares were sold to satisfy a personal settlement, the company sai
Read moreWednesday tips round-up: Capita and Smiths News
25th Apr 2012 06:54
The Tempus column in the Times has taken a look at outsourcing giant Capita which yesterday saw shares sink eight per cent on the back of a 274m-pound share placing. "The market was taken by surprise. Capita hasn't raised a penny in equity finance for 12 years and, moreover, had said only two month
Read moreLondon close: Markets rebound after steep losses
24th Apr 2012 16:43
- Global markets rebound after yesterday's losses - Man Group jumps as UBS speculates over M&A - Shell makes 220p-a-share offer for Cove London's FTSE 100 index clawed its way back above the 5,700 level on Tuesday afternoon after a broadly stronger start on Wall Street. Europe's major benchmarks we
Read moreFTSE 100 movers: Man Group leaps on UBS comments
24th Apr 2012 14:49
Hedge fund manager Man Group was leading the risers in London ahead of its quarterly assets under management update next week. UBS reiterated its buy recommendation on the stock this morning, saying that the firm is a "likely take-out candidate" and is on its 'M&A Watch List'. "With Man Group shar
Read moreCapita places shares at 685p each
24th Apr 2012 14:39
Outsourcing firm Capita has managed to get its placing of 40m new ordinary shares away at 685p per share. The shares, which had been trading slightly above the 685p level prior to the announcement of the result of the placing, dipped below 685p shortly afterwards and hit 676p at the end of the lunc
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