Broker tips: Glaxosmithkline, AB Foods, De La Rue
8th Sep 2014 15:41
Credit Suisse has slashed its earnings forecasts for Glaxosmithkline (GSK) before an expected restatement of divisional reporting at the pharmaceutical group. The bank has trimmed its target price for the stock from 1,475p to 1,400p and maintained an 'underperform' rating. It said that GSK's shares
Read moreLondon midday: UK stocks sink on fears over Scottish referendum, Ukraine
8th Sep 2014 11:36
Concerns surrounding the upcoming referendum on Scottish independence and a fragile ceasefire agreement in Ukraine were weighing heavily on UK stocks on Monday. London's FTSE 100 was trading down 1% at 6,789 by midday. The index has not closed below the 6,800 mark since 22 August when it settled at
Read moreInvestec hails potential BoE contract win for De La Rue
8th Sep 2014 10:07
The news that De La Rue has won 'preferred bidder' status on a Bank of England bank note contract should help reassure investors, according to Investec which repeated its 'buy' recommendation for the stock on Monday. The company has been printing banknotes at the Bank's facility in Debden, Essex sin
Read moreLondon open: AB Foods leads UK stocks lower early on
8th Sep 2014 08:29
UK stocks fell on Monday morning on the back of uncertainty surrounding the ceasefire in Ukraine and the Scottish referendum. The FTSE 100 was trading 0.3% lower at 6,834 in early trading, with Associated British Foods leading the fallers after an underwhelming pre-close update. Markets were in the
Read moreDe La Rue announces new CEO
29th Aug 2014 11:13
De La Rue, the Britain-based printer and papermaker, has announced Martin Sutherland has been appointed as its new chief executive. Sutherland will step down from his current role of managing director at BAE Systems Applied Intelligence, a position which he has occupied since 2008, and he is expect
Read moreAshtead directors sell vested shares
29th Jul 2014 16:30
Four directors, including the Chief Executive, at industrial rental group Ashtead Group on Monday sold a total of 826,682 following their vesting the same day. Company Chief Geoff Drabble traded in 406,176 shares, which were awarded in 2011 under the group's performance share plan. With a disposal
Read moreFriday broker round-up UPDATE
25th Jul 2014 09:29
African Barrick Gold: Investec places both its target price (prev.: 212p) and its sell recommendation under review. Westhouse Securities ups target price from 250p to 285p upgrading from neutral to add. Barclays: Deutsche Bank cuts target price from 300p to 275p staying with its buy recommendation.
Read moreLondon midday: Stocks erase losses as banks and housebuilders gain
24th Jul 2014 12:04
- Banking, housing stocks provide a boost - Kingfisher, Easyjet slump after results - Ukraine still in focus as Russian sanctions discussed - Eurozone PMI improves, UK retail sales fall techMARK 2,821.65 -0.06% FTSE 100 6,802.89 +0.07% FTSE 250 15,726.48 0.00% UK stocks managed to turn around afte
Read moreDe La Rue delivers "satisfactory" Q1, maintains full-year outlook
24th Jul 2014 10:24
De La Rue, the world's biggest commercial banknote print and passport maker, said its outlook for the full year remains unchanged after a "satisfactory" first quarter. However, it did say that, based on current production and shipment schedules, results are likely to have a "higher-than-usual weigh
Read moreLondon close: UK construction, StanChart lift FTSE
2nd Jul 2014 16:59
- FTSE closes up 13.45 at 6,816.37 - UK construction drives gains - StanChart lifted by private equity sale rumours techMARK 2,832.57 0.00% FTSE 100 6,816.37 +0.20% FTSE 250 15,897.11 +0.35% London's blue chips closed with modest gains today, coming off a sharp dip this morning, but with limited m
Read moreFTSE 250 movers: Ocado rebounds from yesterday's heavy losses
2nd Jul 2014 15:02
Online grocer Ocado was rebounding strongly after a heavy fall the previous day with analysts at Deutsche Bank providing a lift by upgrading the stock to 'hold'. The company underwhelmed the market with its interim results on Tuesday, but the bank said it now sees limited downside to its target pric
Read moreLondon midday: Stocks gain as UK construction PMI hits four-month high
2nd Jul 2014 12:04
- UK construction PMI hits four-month high - ADP report, factory orders in focus Stateside - Service PMIs, ECB and jobs report due out tomorrow - Mothercare jumps on foreign interest techMARK 2,841.71 +0.32% FTSE 100 6,823.02 +0.30% FTSE 250 15,907.17 +0.42% Figures showing a surprise pick-up in U
Read moreLondon open: Stocks edge higher ahead of key data
2nd Jul 2014 09:21
- Markets await US data, Yellen speech - Services data, ECB meeting and non-farm payrolls due out Friday - Mothercare jumps after Destination Maternity bid techMARK 2,838.22 +0.20% FTSE 100 6,821.55 +0.27% FTSE 250 15,914.05 +0.46% UK stocks edged higher on Wednesday morning though upside was limi
Read moreTuesday broker round-up UPDATE
3rd Jun 2014 08:31
Anglo American: Goldman Sachs reduces target price from 1240p to 1180p and keeps its sell recommendation. Balfour Beatty: UBS shifts target price from 225p to 230p maintaining its neutral rating. Barr (AG): N+1 Singer moves target price from 667p to 678p retaining its hold recommendation. Beazley
Read moreLondon close: Investors tread carefully ahead of record highs
28th May 2014 17:18
- Eurozone money supply weak, German unemployment rises - Markets cautious after recent highs - LSE leads financials higher - GSK to be investigated by UK fraud body techMARK 2,799.81 +0.48% FTSE 100 6,851.22 +0.09% FTSE 250 15,935.43 +0.58% UK stocks ended slightly higher after trading in a narr
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