Friday broker round-up UPDATE
31st Jan 2014 09:43
Aberdeen Asset Management: Berenberg cuts target price from 555p to 530p staying with its buy recommendation. Amlin: Canaccord Genuity moves target price from 420p to 430p reiterating a hold recommendation. ARM Holdings: Credit Suisse cuts target price from 1150p to 1100p and reiterates an outperf
Read moreFTSE 250 movers: Serco dives after warning on profits
30th Jan 2014 14:55
Shares in Serco plunged after the group issued a profit warning in which it predicted that 2014 profits would fall as much as 20 per cent short of the 277m pounds that the market had expected. The support services group said it now expected 2013 revenue to fall by a mid-single digit percentage. Howe
Read moreThursday broker round-up UPDATE
30th Jan 2014 09:06
Amedeo Resources: Daniel Stewart initiates with a target price of 2p and a buy recommendation. Anglo American: Credit Suisse ups target price from 1600p to 1650p and leaves its neutral rating unchanged. Antofagasta: Citi takes target price from 270p to 290p, but still recommends selling. JP Morgan
Read moreSoaring pork demand boosts Cranswick's Q3
30th Jan 2014 07:55
- Quarterly revenue boosted by pork popularity - Confident in delivering revenue growth for rest of year - High input costs mitigated by costs controls Strong demand for pork products fuelled Cranswick's third quarter revenue with roasting joints proving particularly popular with customers over the
Read moreMonday broker round-up UPDATE
2nd Dec 2013 08:22
Aberdeen Asset Management: Credit Suisse raises target price from 465p to 515p and maintains a neutral rating. Admiral Group: Citi moves target price from 1215p to 1220p and retains a neutral rating. AVEVA Group: Numis upgrades to buy with a target price of 2980p. AZ Electronic Materials: Deutsch
Read moreThursday broker round-up UPDATE
28th Nov 2013 08:23
Anglo American: Liberum Capital upgrades to hold with a target price of 1150p. Associated British Foods: Jefferies increases target price from 1750p to 2400p, while staying with its hold recommendation. Beazley: Canaccord Genuity ups target price from 260p to 270p leaving its buy recommendation un
Read moreLondon close: FTSE 100 rises as investors celebrate Iran deal
25th Nov 2013 16:40
- Global indices continue to set new highs - P5+1 strikes deal with Iran over nuclear programme - Travel stocks rise, oil stocks fall techMARK 2,651.39 +0.35% FTSE 100 6,694.62 +0.30% FTSE 250 15,299.92 +0.74% UK financial markets on Monday celebrated the deal to limit Iran's nuclear activity with
Read moreFTSE 250 movers: Chemring jumps on full-year outlook
25th Nov 2013 15:29
Defence group Chemring surged after saying that expectations for the financial year ended October 31st remain in line with previous guidance despite the adverse market backdrop. Pork producer Cranswick also gained after beating forecasts with its interim results as first-half pre-tax profits rose 1
Read moreBroker tips: easyJet, Babcock, Chemring, Cranswick
25th Nov 2013 12:06
Jefferies on Monday moved to a 'buy' recommendation (from 'hold') on the shares of low-cost carrier easyJet on the potential for further cash returns and greater confidence in the company's ability to maintain its strong competitive position. Analysts said that the shares now trade at a 35% premi
Read moreLondon midday: Travel stocks lift markets higher after Iran deal
25th Nov 2013 11:18
- Markets hail Iran accord over nuclear programme - Oil, gold prices drop after Iran deal - US markets set to extend record highs techMARK 2,654.27 +0.46% FTSE 100 6,695.66 +0.32% FTSE 250 15,292.96 +0.69% News of a deal constraining Iran's nuclear programme gave equity markets a lift on Monday mo
Read moreBroker snap: Cranswick beats forecasts but valuation 'fair', says Panmure
25th Nov 2013 10:38
Panmure Gordon has reiterated its 'hold' rating for pork producer Cranswick despite a better-than-expected first-half report, saying that the stock's current valuation looks 'fair'. As previously reported, revenues rose 15% in the six months to the end of September to £483.5m, helped by particularl
Read moreLondon pre-open: FTSE to rise on US deal with Iran
25th Nov 2013 07:28
City sources predict the FTSE 100 will open around 28 points higher than Friday's close of 6,674.30 after the US struck a deal with Iran on its nuclear activities in exchange for the easing of international sanctions against it, which had been affecting its oil exports. The deal means tensions in th
Read moreCranswick's first-half profit and revenue rise on pork demand
25th Nov 2013 07:11
Pork producer Cranswick reported a 16 per cent rise in pre-tax profits of 26.1m pounds in the first half on the back of strong demand for the meat. Revenue jumped 15% to £483.5m in the six months through September, following the commissioning of a new pastry facility in North Yorkshire and the str
Read moreThursday broker round-up UPDATE
17th Oct 2013 09:45
AGA Rangemaster Group: N+1 Singer ups target price from 135p to 150p and stays with its buy recommendation. Anglo American: HSBC raises target price from 1610p to 1740p maintaining an overweight rating. Antofagasta: HSBC increases target price from 900p to 990p and upgrades to overweight. Aquariu
Read moreFTSE 250 movers: Telecom Plus surges after strong first half
8th Oct 2013 15:54
The share price of Telecom Plus surged on Tuesday afternoon after the utility services company reported that growth accelerated strongly in the first half. The firm said that customer numbers jumped by 50 per cent in the six months to September 30th, as it guided to a record full-year performance. F
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