Friday broker round-up UPDATE
18th Jul 2014 07:55
Barclays: Credit Suisse cuts target price from 275p to 235p retaining a neutral rating. Barratt Developments: Liberum Capital reduces target price from 468p to 387p and downgrades to hold. Bellway: Liberum Capital reduces target price from 1900p to 1764p, while leaving its buy recommendation uncha
Read moreThursday broker round-up UPDATE
17th Jul 2014 11:07
Antofagasta: Canaccord Genuity cuts target price from 870p to 835p and maintains a hold recommendation. African Minerals: Canaccord Genuity reduces target price from 230p to 170p and keeps a buy recommendation. Ashmore Group: Goldman Sachs downgrades to neutral with a target price of 430p. Barcla
Read moreUBS downgrades Croda, downplays M&A hopes
10th Jul 2014 13:18
UBS has downgraded chemicals group Croda from 'neutral' to 'sell', saying that the stock's premium valuation to the sector is "unwarranted". The bank explained that the shares have performed resiliently despite the company warning on a loss of pricing power and increasing competition. It said tha
Read moreBroker tips: Burberry, StanChart, Halfords, Croda
10th Jul 2014 12:54
Luxury brand Burberry's first-quarter update showed signs of "blowing away some cobwebs", according to Hargreaves Lansdown Stockbrokers. "Burberry provides premium products, has a premium valuation, but has yet to attain a premium rating - however, updates such as this will continue to exert positi
Read moreSector movers: Chemical stocks hit by DuPont profit warning
27th Jun 2014 14:41
The selling pressure on the UK chemical sector continued on Friday on negative readacross from a profit warning by US giant DuPont, one of the largest chemical companies in the world. The UK chemical sector was down around 0.6% this afternoon and has now fallen 10% over the past month. DuPont decl
Read moreFTSE 250 movers: Imagination Technologies jumps after beating forecasts
24th Jun 2014 15:22
Imagination Technologies rose strongly after its annual figures managed to beat analysts' forecasts despite a fall in profits. The company, which makes multimedia, communications and general purpose processors, also impressed the market on Tuesday by saying the demand for its Ensigma communications
Read moreSector movers: Domino Printing sinks electricals, Croda weighs on chemicals
24th Jun 2014 13:40
Heavy falls from Domino Printing and Croda International sank the electrical and chemical sectors on Tuesday, as results from both companies disappointed the market. Shares in Domino Printing, which develops inkjet, laser and thermal printing products, were down nearly 19% this afternoon after the
Read moreLondon midday: Stocks slip as investors weigh MPC comments, German data
24th Jun 2014 11:59
- MPC members grilled by MPs, sound dovish tone - Iraq tensions, German data weigh on sentiment - Domino Printing plummets on cautious outlook techMARK 2,807.14 -0.75% FTSE 100 6,788.81 -0.17% FTSE 250 15,563.07 -0.72% UK stocks erased early gains and were trading in the red by Tuesday lunchtime a
Read moreLondon pre-open: Limited gains expected on FTSE ahead of BoE report
24th Jun 2014 07:40
London's blue chips look set move slightly higher early on, with direction limited after a mixed performance in both the States and Asia overnight. Ahead of the Bank of England's (BoE) latest inflation report due out later today, the FTSE 100 is expected to edge around 10 points above yesterday's
Read moreCroda International issues profit warning
24th Jun 2014 07:04
- Issues full-year profit warning - Strong pound weighs on profit - Medium term targets remain unchanged Specialist chemicals company Croda International said it expects second quarter pre-tax profits to be around 8% below its first quarter performance and full-year profit to be lower than the prev
Read moreFinance Director at Croda International to step down next year
18th Jun 2014 08:12
The Group Finance Director of Croda International is set to step down from the role in April next year, the FTSE 250 group announced on Wednesday. The lengthy notice period has been agreed to enable the company to find a replacement and carry out a smooth transition. Chairman Martin Flower said:
Read moreMonday broker round-up UPDATE
16th Jun 2014 09:51
Allocate Software: N+1 Singer upgrades to buy with a target price of 133p. Croda International: Numis cuts target price from 2575p to 2554p and maintains its hold recommendation. Diamondcorp: Northland Capital shifts target price from 9.9p to 11p and keeps a buy recommendation. Fenner: Credit Su
Read moreSpirent Comms Chairman adds £30,358-worth of shares to stake
29th May 2014 15:54
The Non-Executive Chairman of Spirent Communications has purchased £30,358-worth of shares in the FTSE 250-listed technology group. Alexander Walker acquired 30,000 shares at 101.19p each. He now holds a total of 213,014 shares. The deal comes around a month after the company delivered an impr
Read moreFriday broker round-up UPDATE
23rd May 2014 09:53
Admiral Group: JP Morgan raises target price from 1022p to 1164p, while staying with its underweight rating. Antofagasta: Investec cuts target price from 715p to 690p and leaves its sell recommendation unchanged. Assura Group: Liberum Capital shifts target price from 44p to 47p and stays with its
Read moreFTSE 250 movers: Balfour Beatty slides on profit warning
6th May 2014 14:09
Civil engineering group Balfour Beatty blamed 'significant operational issues' for a profit warning, sparking the resignation of its Chief Executive. The group also said it was considering selling its US engineering consulting business, Parsons Brinckerhoff. Croda International was also firmly lowe
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