Friday broker round-up
24th Aug 2012 09:34
African Minerals: Jefferies cuts target from 800p to 550p, buy rating kept. Anglo American: Jefferies downgrades from buy to hold, 2,200p target kept. Ashmore: Citigroup downgrades to sell, target cut from 305p to 300p. Berendsen: Investec maintains buy rating and 570p target; Seymour Pierce down
Read moreLondon midday: Miners gain on QE hopes, Randgold jumps
23rd Aug 2012 11:44
- QE hopes drive stocks early on - Gains pared after Eurozone data - Randgold leads miners higher The Footsie was teetering around the 5,800 level by Thursday lunchtime as earlier optimism surrounding a potential policy easing in the US was tempered by some weak manufacturing data from the Eurozone
Read moreThursday broker round-up
23rd Aug 2012 09:29
Aegis: Nomura maintains buy rating and 240p target. British Land: Jefferies downgrades to hold. Cobham: Citigroup downgrades to neutral, target cut from 265p to 230p. Diageo: Jefferies maintains buy rating and 1,915p target; Investec maintains buy rating and 1,900p target. Evraz: HSBC upgrades t
Read moreLondon open: Stimulus hopes drives gains after Fed minutes
23rd Aug 2012 08:44
- QE hopes increase after FOMC minutes - The ball is in Greece's court, says Juncker - Chinese manufacturing PMI falls to nine-month low Stocks bounced back after a sell-off yesterday as the details of the latest policy-rate setting meeting in the US showed that the Federal Reserve could embark upo
Read moreLondon pre-open: Markets get boost from stimulus hopes in China and US
23rd Aug 2012 07:32
City sources predict the FTSE 100 will open up 31 points from yesterday's close of 5,774, regaining some of Wednesday's losses. Poor data from China may rekindle speculation that the government will opt to introduce further economic stimulus to enable it to meet its GDP target of 7.5 per cent. The m
Read moreDiageo delivers full measure
23rd Aug 2012 07:09
Sales and underlying earnings came in slightly ahead of market expectations at drinks brands leviathan Diageo. Net sales in the year to June 30th rose 8%, or 6% on an organic basis, to £10,762m from £,9,936m the year before, beating market forecasts of £10,749m. Profit before tax climbed to £3,12
Read moreLondon close: Stocks sink ahead of Fed minutes
22nd Aug 2012 16:40
- Concerns about Japan and Greece pressure stocks - FOMC minutes eyed - CBO warns about 'fiscal cliff' Following steep falls from the off, losses on the Footsie were cemented today after a poor start on Wall Street as global equity markets reacted poorly to economic data from Japan and ongoing issu
Read moreThursday preview: Diageo, IMI
22nd Aug 2012 15:55
Shareholders in Diageo should be in good spirits when the drinks brands owner reports full year results on Thursday. Charles Stanley is expecting the firm to deliver a good set of full year results. "Asia, Africa and Latin America are expected to have been the drivers of growth, with more subdued p
Read moreTuesday broker round-up
21st Aug 2012 08:18
African Barrick Gold: Canaccord Genuity cuts target from 440p to 380p, hold rating kept. Amlin: Morgan Stanley keeps overweight and 414p target. Chemring: Citigroup downgrades to neutral, target lifted from 360p to 430p. CRH: Bernstein cuts target from 1,264p to 1,179p. Electrocomponents: Jeffer
Read moreLondon close: Bundesbank spoils the party
20th Aug 2012 16:52
- Bundesbank expresses critical opinion of ECB bond-buying - ECB considering capping bond spreads - Xstrata down on concerns over Glencore merger After a subdued start, the Footsie dropped into the red in afternoon trade as Germany's Bundesbank reiterated its critical stance on the bond-buying prop
Read moreFTSE 100 movers: Xstrata leads decliners on benchmark index
20th Aug 2012 13:31
Mining giant Xstrata was leading the decline on the Footsie on Monday after reports that Qatar Holding had raised its stake in the firm, adding to speculation that the investment fund is attempting to build its stake to block the proposed merger with Glencore International. The Qataris are demanding
Read moreLondon open: Stocks flat early on despite mining weakness
20th Aug 2012 08:42
- Volumes expected to stay low - ECB considering caps on bond spreads - Hopes for Chinese stimulus fade UK stocks opened broadly flat on Monday morning on a quiet day for corporate news as markets remain fixed on developments in the Eurozone and newsflow from China. "Volume remained low last week
Read moreWeek Ahead: Bovis, Persimmon, Diageo, UK GDP
17th Aug 2012 09:49
Results season for the house builders is upon us, and Bovis Homes kicks it off on Monday after releasing what Peel Hunt regarded as the weakest trading statement of all the companies in the sector back in July. Peel Hunt's beef is with Bovis's margins, which the broker thinks look set to slip below
Read moreMonday broker round-up
13th Aug 2012 08:16
AMEC: HSBC cuts target from 1,280p to 1,275p, overweight rating kept. Aviva: Exane BNP Paribas downgrades to neutral. British American Tobacco: Nomura keeps buy rating and 3,390p target. British Land: JPMorgan Cazenove ups target from 560p to 610p, overweight rating kept. BSkyB: Nomura maintains
Read moreBroker tips: StanChart, Diageo, Thomas Cook
7th Aug 2012 11:11
Nomura has downgraded its rating for Standard Chartered (StanChart) from 'buy' to 'neutral' on the back of the allegations of dealings with Iran by the emerging markets lender. Following the bank's interim results, StanChart was Nomura's preferred stock in the sub-sector and on the basis of fundame
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