FTSE 250 movers: Synthomer leaps after 25% increase to dividend
11th Aug 2014 14:37
Chemicals group Synthomer cheered investors with a 25% jump in the interim dividend, which came despite a drop in half-year sales amid challenging market conditions. The company also said it anticipated delivering underlying full-year profit in line with last year's figure of £90.1m. Balfour Beat
Read moreBroker tips: Friends Life Group, Rio Tinto, Drax
11th Aug 2014 13:00
Deutsche Bank has lowered its recommendation for Friends Life Group (FLG) from 'buy' to 'hold', saying it sees worse-than-expected underlying trends at the life assurance firm. The bank said that its previous 'buy' call had been due to "four main planks", two of which now appear weaker than origina
Read moreLondon midday: Bargain-hunting helps UK stocks rebound
11th Aug 2014 12:03
- Geopolitical tensions ease slightly - Gaza, Ukraine, Iraq news-flow improves - Balfour rejects Carillion approach again techMARK 2,718.86 +0.91% FTSE 100 6,613.50 +0.70% FTSE 250 15,425.38 +1.19% UK stocks were performing well on Monday morning as investors took advantage of easing geopolitical
Read moreUBS downgrades Drax after failed subsidy appeal
11th Aug 2014 10:46
The risk/reward balance at Drax has lost its attractions, according to UBS, which downgraded the stock from 'buy' to 'neutral' on Monday, causing shares in the power plant group to fall. Last week, the government won an appeal against granting Drax a subsidy to convert its second unit of its coal-f
Read moreMonday broker round-up UPDATE
11th Aug 2014 10:22
Avacta Group: Numis lowers target price from 2p to 1.6p retaining its buy recommendation. Braemer Shipping Services: Westhouse Securities reinstates with a target price of 545p and a buy recommendation. British Land: Liberum Capital upgrades to buy with a target price of 763p. Catlin Group: Deuts
Read moreFriday broker round-up UPDATE
8th Aug 2014 10:19
African Minerals: Canaccord Genuity cuts target price from 170p to 150p, while keeping its buy recommendation. AMEC: Credit Suisse reduces target price from 1250p to 1150p retaining a neutral rating. Nomura reduces target price from 1450p to 1250p staying with its buy recommendation. UBS cuts targe
Read moreLondon close: Stocks weighed down by Russia worries
7th Aug 2014 17:19
- Coca-Cola HBC, RSA disappoint - Russia-West tensions high after food import ban - BoE holds rates, ECB expected to do same techMARK 2,710.03 -0.18% FTSE 100 6,597.37 -0.58% FTSE 250 15,240.10 -0.15% UK stocks finished the session at their intra-day lows almost as traders continued to anxiously w
Read moreInvestec still upbeat about Drax despite negative court ruling
7th Aug 2014 16:28
Investec has maintained its 'buy' rating for power station operator Drax despite the negative news on Thursday that one of its power-generating units will not be eligible for government subsidies. "The fundamental case for Drax, both in terms of UK security of supply and carbon abatement, remains s
Read moreFTSE 250 movers: Drax sinks on court decision, Henderson drops
7th Aug 2014 15:31
Shares in energy group Drax sank over 8% on Thursday after a UK court said one of its power-generating units wasn't eligible for a government incentive. Drax said the ruling meant the second unit conversion at its power station is "no longer eligible for an investment contract" that pays guaranteed
Read moreCourt of Appeal rules against Drax on eligibility to investment contract
7th Aug 2014 12:48
Shares in electricity producer Drax tumbled on Thursday after a UK court said one of its power-generating units wasn't eligible for a government incentive. The UK Court of Appeal has allowed the Department of Energy and Climate Change's (DECC) appeal against a previous court decision, meaning that
Read moreLondon midday: UK stocks fall on weak earnings, central banks in focus
7th Aug 2014 12:10
- CCH, Old Mutual, Randgold, Mondi disappoint - Russia-West tensions high after food import ban - BoE holds rates, ECB expected to do same techMARK 2,711.50 -0.13% FTSE 100 6,619.52 -0.25% FTSE 250 15,244.89 -0.12% UK stocks were trading at their lowest levels since mid-April on Thursday morning w
Read moreThursday broker round-up UPDATE
31st Jul 2014 09:30
Afren: Oriel places both target price and recommendation under review. Canaccord Genuity places both its target price (prev.: 150p) and its hold recommendation under review. Investec places its target price (prev.: 195p) under review and downgrades from buy to hold. Arbuthnot: Numis ups target pric
Read moreTuesday broker round-up UPDATE
29th Jul 2014 09:37
Abderdeen Asset Management: Berenberg cuts target price from 530p to 510p and maintains a buy recommendation. African Barrick Gold: Numis takes target price from 260p to 330p upgrading from hold to buy. Anglo American: Deutsche Bank increases target price from 1590p to 1650p and reiterates a hold
Read moreDrax takes H1 earnings hit from higher UK carbon taxes
29th Jul 2014 09:13
British power station operator Drax reported a hit to first-half earnings from carbon taxes, but said it was making good progress with switching to biomass fuel. Drax, which owns a single power station in North Yorkshire, said pre-tax earnings before interest, depreciation and amortisation in the s
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.
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