Thursday 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 moreLondon open: Markets underwhelmed by last-minute US deal
17th Oct 2013 08:37
Stocks slumped on Thursday morning as investors digested a last-minute deal in the States for a short-term increase in the debt ceiling to avert a default and reopen the government. Markets across Europe were registering moderate declines in early trading, with London's FTSE 100 pulling back from a
Read moreDiageo points out EM headwinds in first quarter
17th Oct 2013 07:38
- US spirits drives Q1 sales growth - Exchange rates to dent full-year profits - Emerging-market growth weakens Diageo, the drinks company behind Guinness stout and Smirnoff vodka, said that trading in the fiscal first quarter was resilient as strong growth in US spirits offset slowing growth in so
Read moreTuesday newspaper round-up: Debt ceiling, Chinese banks, small business
15th Oct 2013 07:18
Senate leaders were late on Monday closing in on a deal to reopen the federal government and avert a potentially catastrophic default on US borrowings. The deal, which has yet to be finalised, would raise the debt ceiling until early February, reopen the government until January and include a mechan
Read moreLondon close: Stocks jump to two-week high on hopes over US debt deal
11th Oct 2013 16:34
Hopes that US lawmakers can lift the debt ceiling and avert a default spurred markets higher on Friday with the FTSE 100 rising to levels not seen in two weeks. Sentiment was also lifted by the successful stock-market debut of postal group Royal Mail which soared by over a third after attracting a
Read moreFTSE 100 movers: Travis Perkins lifted by Liberum Capital rating
11th Oct 2013 14:34
Travis Perkins shares got a boost after Liberum Capital raised its target price and reiterated its 'buy' rating on the builders' merchant and home improvement retailer. Restaurant and hotels owner Whitbread was also higher after Citigroup upgraded the stock to 'buy', saying: "Improved sentiment ar
Read moreLondon midday: Stocks surge on US hopes as risk appetite returns
11th Oct 2013 11:20
The FTSE 100 was trading at a two-week high on Friday morning on hopes that ongoing negotiations in the US will result in a short-term deal to raise the borrowing limit in order to avoid a dreaded default. After a 1.5% jump on Thursday, the FTSE 100 was extending gains this morning, rising 0.8% to
Read moreFriday broker round-up UPDATE
11th Oct 2013 08:51
Barratt Developments: Deutsche Bank moves target price from 365p to 391p reiterating its buy recommendation. Bovis Homes Group: Deutsche Bank raises target price from 901p to 1001p and keeps a buy recommendation. Croda International: Liberum Capital downgrades to hold with a target price of 2480p.
Read moreLondon open: Stocks extend gains on hopes over debt-ceiling deal
11th Oct 2013 08:27
UK stocks were making small gains on Friday morning in light of an impressive finish on Wall Street and Asian markets overnight on the back of hopes that US lawmakers could come to a resolution over the impending debt ceiling. Benchmarks in New York surged by at least 2% each - the Dow Jones put it
Read moreThursday broker round-up UPDATE
10th Oct 2013 08:36
Ashmore Group: Canaccord Genuity takes target price from 380p to 400p and retains a hold recommendation. Numis shifts target price from 380p to 390p reiterating its hold recommendation. Ashtead Group: Numis upgrades to add with a target price of 670p. Berkeley Group: Panmure Gordon moves target pr
Read moreLondon midday: US budget impasse weighs heavily on stocks
7th Oct 2013 11:22
Markets started the new week on a dull note with the FTSE 100 dropping sharply on Monday morning in light of the ongoing government shutdown Stateside. US stock futures were also heading in the same direction ahead of the opening bell on Wall Street given that an absence of economic data from acros
Read moreBroker tips: Diageo, Fresnillo, M&S
7th Oct 2013 11:15
Smirnoff and Captain Morgan owner Diageo was trading lower on Monday morning after Citigroup said it expects a 'soft quarter' for the spirits industry across the board. Nevertheless, the bank kept its 'buy' rating saying that growth should improve in the coming quarters and the company is the best
Read moreBroker snap: Citi expects soft quarter for Diageo
7th Oct 2013 10:33
Smirnoff and Captain Morgan owner Diageo was trading lower on Monday morning after Citigroup said it expects a 'soft quarter' for the spirits industry across the board. Nevertheless, the bank kept its 'buy' rating saying that growth should improve in the coming quarters and the company is the best
Read moreLondon open: M&S, Burberry lead FTSE 100 lower as US shutdown persists
7th Oct 2013 08:29
An ongoing government shutdown Stateside continued to weigh on market sentiment on Monday with London's FTSE 100 registering losses in morning trade. US lawmakers failed to reach an agreement on either the budget or the debt-ceiling over the weekend, heightening fears that the US could run out of t
Read moreFriday broker round-up UPDATE
4th Oct 2013 09:32
Aberdeen Asset Management: JP Morgan lowers target price from 523p to 509p maintaining an overweight rating. Admiral Group: Canaccord Genuity cuts target price from 1200p to 1160p retaining its sell recommendation. API Group: Numis downgrades to add with a target price of 85p. Arbuthnot Banking G
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