Monday broker round-up UPDATE
4th Mar 2013 07:12
Aggreko: JP Morgan takes target price from 1845p to 1870p, while reiterating a neutral rating. Anglo American: Nomura reduces target price from 1800p to 1700p and downgrades from neutral to reduce. ARM Holdings: Deutsche Bank increases target price from 400p to 445p, but still recommends selling.
Read moreDiageo CEO continues to reduce stake
18th Feb 2013 16:31
The Chief Executive Officer of Diageo, the FTSE 100 drinks giant, has continued to reduce his stake in the company, this time selling 75,000 shares. Paul Walsh, who was appointed to the role of CEO in 2000, now holds 654,614 shares in the group. The shares were traded in at 1,935.00p a time, ear
Read moreWednesday broker round-up UPDATE
6th Feb 2013 10:12
ARM Holdings: Investec ups target price from 900p to 940p, maintaining its hold recommendation. JP Morgan increases target price from 540p to 625p and retains a neutral rating. UBS moves target price from 900p to 930p, while its neutral rating is reiterated. Espirito Santo raises target price from 8
Read moreFriday broker round-up UPDATE
1st Feb 2013 07:55
Afren: HSBC shifts target price from 190p to 200p, while reiterating an overweight rating. Antofagasta: Exane BNP reduces target price from 1500p to 1350p maintaining an outperform rating. Antrim Energy: Westhouse Securities lowers target price from 70p to 65p and reiterates a buy recommendation.
Read moreLondon close: Stocks fall as focus turns to Friday's US jobs report
31st Jan 2013 16:41
Equities were extending losses on Thursday after yesterday's shock contraction in the States, as markets braced for another busy day on the economic calendar tomorrow. "Traders were unwinding positions earlier on January's phenomenal rally which sees major share markets at multi-year highs," said m
Read moreFTSE 100 movers: AstraZeneca hit by falling revenue
31st Jan 2013 15:48
Pharmaceutical titan AstraZeneca dropped after reporting that full-year revenue fell 15 per cent due to a loss of exclusivity on several brands. The company also said that it would not buy back any shares in 2013 "in order to maintain the flexibility to invest the business". Oil giant Royal Dutch
Read moreBroker tips: AstraZeneca, Diageo, Shell
31st Jan 2013 11:40
Panmure Gordon has kept its 'hold' rating and 3,000p target price for pharmaceuticals giant AstraZeneca after the firm's final results, saying that figures were not as bad as they could have been. "Overall Q4 2012 results were more resilient than expected, continuing the trend seen across the secto
Read moreLondon midday: AstraZeneca, Shell provide a drag on the Footsie
31st Jan 2013 11:36
A host of FTSE 100 heavyweights disappointed with earnings reports on Thursday morning, as market sentiment was still fragile after yesterday's shock economic contraction in the States. The world's largest economy shrank by 0.1% in the last three months of last year, a stark contrast to the 3.1% gr
Read moreBroker snap: Credit Suisse keeps 'outperform' rating for Diageo after in-line H1
31st Jan 2013 11:34
Credit Suisse has retained its 'outperform' rating and 1,900p target price for Diageo after an in-line set of first-half results from the drinks company. "Overall, we think that Diageo is where it expected to be at the interim stage, albeit with some give and take between the regions, and as a res
Read moreLondon open: FTSE 100 slips on mixed corporate earnings
31st Jan 2013 08:18
The FTSE 100 slumped in early trading on Thursday with heavyweight stocks AstraZeneca, Diageo, Shell and Vedanta providing a drag after disappointing the market with results. Stocks were also tracking US and Asian markets lower after yesterday's news that the US contracted in the fourth quarter of
Read moreDiageo in high spirits as company reports profit growth
31st Jan 2013 07:03
Consumer goods giant Diageo posted profits in line with market expectations on Thursday as it unveiled its results for the final six months of 2012. Diageo, whose brands include Guinness, Smirnoff and Johnnie, reported a 9.0% organic operating profit growth for the half year ended December 31st.
Read moreLondon midday: Markets trading within narrow range
28th Jan 2013 11:33
London's benchmark index, the FTSE 100, was pausing for a breather on Monday morning with markets cautious ahead of a busy week. The index was trading within a narrow range over the course of the morning, with just 10 points separating its intraday high (6,289) and low (6,279). Economic data from
Read moreDiageo to form JV for South African beer business
28th Jan 2013 09:02
Alcoholic beverages company Diageo has reached an agreement to form a 50:50 joint venture in respect of United National Breweries' traditional sorghum beer business in South Africa. The FTSE-100 listed drinks company stated that it had reached an agreement with Dr Mallya, an investor, to enter into
Read moreSector movers: Beverage stocks rise after SABMiller's decent Q3
22nd Jan 2013 15:29
A well-received third-quarter trading statement from drinks giant SABMiller lifted beverage stocks higher on Tuesday, as markets celebrated an acceleration in sales growth for the Miller Lite and Foster's maker. Reported revenues, which include the effect of acquisitions and disposals, increased by
Read moreTuesday broker round-up UPDATE
22nd Jan 2013 07:06
Afren: Liberum Capital shifts target price from 120p to 123p staying with its hold recommendation. ASOS: Exane BNP increases target price from 3000p to 3100p and retains an outperform rating. BP: RBC downgrades to sector perform from outperform. Brammer: Peel Hunt moves target price from 300p to
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