Monday broker round-up UPDATE
24th Jun 2013 07:36
Andor Technology: WH Ireland cuts target price from 500p to 380p, while staying with its buy recommendation. Investec upgrades from hold to buy with a target price of 360p. Ashtead Group: Numis raises target price from 582p to 640p, while downgrading to hold. Bellzone Mining: Investec lowers targe
Read moreLondon close: All eyes on tonight's Fed meeting
19th Jun 2013 17:17
UK markets gave back Tuesday' slight gains as traders continued to take positions, or stay on the side lines, ahead of the all-important policy decision - and accompanying market reaction - from the US Federal Reserve due out later this evening. "Bernanke has two key messages that he wants to get a
Read moreLondon midday: Markets cautious as eyes remain fixed on Fed
19th Jun 2013 12:01
A decline in risk appetite meant that UK markets were in the red on Wednesday morning ahead of the all-important policy decision from the Federal Reserve due out later this evening. "Attention is firmly on the Fed's monetary policy decision and press conference later, with investors clearly concern
Read moreLondon midday: FTSE 100 down one per cent as volatility continues
31st May 2013 11:26
The volatile trade seen over the past week continued on Friday with investors turning nervous ahead of another raft of economic indicators from the US later on. "European markets have taken a leg lower this morning as traders look to scale back risk heading into the month's end, with the central ba
Read moreLondon open: Markets down as traders await economic data
31st May 2013 08:21
Stocks sank sharply on Friday morning, continuing the volatile pattern seen over the past week, as traders cautiously awaited more economic figures from the States. Stocks gained slightly yesterday as a worse-than-expected second reading of US gross domestic product growth and a rise in jobless cla
Read moreBroker tips: G4S, Diageo, Telecity
7th May 2013 12:18
In a research note released this morning analysts at Panmure Gordon highlighted how secure outsourcing group G4S has provided disappointing guidance on margins (down by 60 basis points), in its first quarter interim management statement (IMS), due to greater-than-expected pressures from various sour
Read moreBroker snap: Diageo's new CEO needs to focus on growth, says Investec
7th May 2013 11:33
Diageo has appointed Ivan Menezes as Chief Executive Officer to replace Paul Walsh, the brewing company announced Tuesday. Menezes, who has been Chief Operating Officer since last May, will step into the role on July 1st. Investec analyst Martin Deboo said it was a well-flagged change that was unl
Read moreLondon pre-open: FTSE to open unchanged
7th May 2013 07:29
City sources predict the FTSE 100 will open unchanged from Friday's close of 6,521 following the Bank Holiday weekend. Investors will today have to digest the news that the Reserve Bank of Australia has made the surprise decision to reduce its interest rates to a record low of 2.75% - the move was
Read moreDiageo appoints new CEO - UPDATE
7th May 2013 07:10
Diageo announced Tuesday the appointment of Ivan Menezes as Chief Executive Officer. Menezes will begin on July 1st and succeeds Paul Walsh who will step down from the board at the annual general meeting in September and retire from the company in June 2014. Walsh will focus on transitioning cri
Read moreDiageo launches 3.25bn-dollar fixed-rate bonds
25th Apr 2013 07:47
FTSE 100-listed drinks business Diageo has launched and priced a 3.25bn-dollar bond transaction. The dollar-denominated bonds consist of $750m 0.625% notes due April 2016, $650m 1.13% notes due April 2018, $1.35bn 2.63% notes due April 2023 and $500m 3.88% notes due April 2043 under its US Debt Iss
Read morePersimmon Chairman adds 10,000 shares
24th Apr 2013 16:03
The Chairman of FTSE 250 house builder Persimmon has purchased 10,000 ordinary shares one week after the firm accelerated its planned dividend payment strategy. Nicholas Wrigley, who bought the shares at an average price of 1,069p for a total of £106,900, now holds 36,000 shares in the company.
Read moreLondon midday: Markets snap four-day losing streak
18th Apr 2013 11:17
Developments in the Eurozone were supporting stocks on Thursday morning as markets rebounded to snap a four-day losing streak. However, the focus is likely to turn to the US later on as first-quarter earnings season continues to dictate sentiment. Wall Street benchmarks slumped last night after som
Read moreLondon open: Stocks edge higher early on
18th Apr 2013 08:59
UK stocks edged higher on Thursday morning, snapping a four-day losing streak, despite some weakness in the heavyweight mining sector. Things were pretty busy on the corporate news front today, with a host of companies on the FTSE 100 releasing trading updates and reports, giving investors plenty t
Read moreDiageo third quarter boosted by acquisitions - UPDATE
18th Apr 2013 07:16
Beverages behemoth Diageo delivered robust sales growth in its third quarter thanks to acquisitions and its diverse sales mix and said it remained on track to meet targets. Decanting results for the three-month period to the end of March, the group reported 4.0% organic net sales growth against the
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
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