ITV CEO sells 2.3m shares post exercise
30th Apr 2013 16:22
ITV's Chief Executive, Adam Crozier, has exercised options over 3.6m shares and subsequently sold 2.3m of them, it was announced Tuesday. Crozier, whose total holding now stands at just under 1.56m shares, disposed of the shares at 127.1p each, pocketing a total of £3.0m. One week ago ITV acquir
Read moreLondon close: Aberdeen leads markets to strong finish
29th Apr 2013 16:58
A combination of political developments in the Eurozone, positive US data and optimism about central-bank stimulus lifted markets higher on Monday as stocks extended gains following a strong showing last week. Markets across Europe started today's session strongly after Italy formed a new coalition
Read moreFTSE 100 movers: Aberdeen Asset Management leads risers
29th Apr 2013 15:08
Aberdeen Asset Management was the stand out performer on Monday after it said assets under management (AuM) increased in the last six months, as risk appetite continued to improve. AuM increased 13% to £212.3bn for six months to March 31st 2013 from the same time a year earlier on the back of a po
Read moreMonday broker round-up UPDATE
29th Apr 2013 08:17
Afren: Liberum Capital shifts target price from 130p to 136p and maintains a hold recommendation. AngloAmerican: Nomura upgrades from reduce to neutral with a target price of 1700p. Antofagasta: Nomura cuts target price from 1250p to 1200p, while its neutral rating remains unchanged. Investec redu
Read moreFTSE 100 movers: Miners in retreat
26th Apr 2013 14:01
Heavyweight mining stocks were in the red today as risk appetite declined ahead of the US. ENRC, EVRAZ, Rio Tinto, Anglo American, Fresnillo, Antofagasta and Glencore were among the worst performers. ENRC was the biggest faller after Business Secretary Vince Cable was called upon to launch an offi
Read moreFriday broker round-up UPDATE
26th Apr 2013 07:24
Admiral Group: HB Markets initiates with a buy recommendation. AstraZeneca: Deutsche Bank takes target price from 3100p to 3160p and leaves its hold recommendation unchanged. Avon Rubber: Investec upgrades from hold to add with a target price of 420p. Betfair Group: Citigroup raises target price
Read moreLondon close: Markets underwhelmed by strong growth figures
25th Apr 2013 17:00
UK growth figures prompted a mixed reaction on stock markets on Thursday as stronger-than-expected activity in the first quarter quashed hopes that the Bank of England (BoE) would ramp up its quantitative easing programme in order to kick-start the economy. Nevertheless, data from the States lifted
Read moreLondon midday: Stocks fall as GDP data quashes stimulus hopes
25th Apr 2013 11:46
Better-than-expected growth figures from the UK underwhelmed stock markets on Thursday morning, tempering hopes that the Bank of England (BoE) would ease policy to boost the economy. Stocks have risen strongly over the past few days after a number of disappointing economic figures from the Eurozone
Read moreLondon open: Stocks rise ahead of UK GDP
25th Apr 2013 08:28
Markets opened strongly on Thursday morning as strength in the mining sector lifted the FTSE 100 higher ahead of the release of UK growth data. British gross domestic product (GDP) is widely expected to have expanded by 0.1% in the first quarter, according to consensus estimates, rebounding after a
Read moreLondon pre-open: Slight decline expected in opening trade
25th Apr 2013 07:34
City sources predict the FTSE 100 will open down five points from yesterday's close of 6,432 following a mixed session in the US last night. On today's agenda are US initial jobless claims, continuing claims, and the latest reading from Bloomberg on consumer confidence, while back on this side of
Read moreCroda lifts first-quarter profit
25th Apr 2013 07:13
Speciality chemicals manufacturer Croda Interntional ramped up first-quarter pre-tax profit and expects to report further progress in 2013. Pre-tax profits for the period since December 31st 2012 rose 6.5% to £65.1m despite strong comparatives and the adverse impact of an earlier Easter this year.
Read moreTuesday broker round-up UPDATE
16th Apr 2013 07:33
Aberdeen Asset Management: Citigroup ups target price from 430p to 455p retaining a neutral rating. Associated British Foods: Credit Suisse moves target price from 1650p to 1850p, but downgrades from outperform to neutral. AZ Electronic Materials: Espirito Santo initiates with a target price of 40
Read moreFTSE 100 movers: Johnson Matthey share lifted by Credit Suisse
12th Apr 2013 15:34
Johnson Matthey shares were lifted by Credit Suisse, in which it said the speciality chemical makers is in a better position than its peers in Europe in terms of its position within the industry. The broker reiterated its 'outperform' rating on the stock. Aggreko shares got a boost after Jefferies
Read moreLondon midday: FTSE 100 snaps four-day winning streak
12th Apr 2013 11:55
The FTSE 100 was pulling back on Friday morning after four consecutive days of gains as investors turned cautious ahead of a meeting of Eurozone finance ministers in Dublin. Results due out from US banking giants JPMorgan Chase and Wells Fargo later today were also making markets nervous, with stoc
Read moreBroker tips: Aggreko, Croda, Debenhams
12th Apr 2013 10:44
There will be no upgrades yet for Aggreko after a decent first quarter, but upside risk is building, according to Jefferies which reiterated its 'buy' rating and 2,200p target price for the stock. "We estimate that the new strategic plan implies a five-year 15% earnings per share (EPS) compound ann
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