FTSE 250 movers: Fenner in the red after profits slide
13th Nov 2013 15:53
Reinforced polymer technology firm Fenner reported a sharp drop in full-year pre-tax profit, after reporting difficult trading conditions in the first half, but said its performance improved strongly in the second half as sentiment picks up. The maker of industrial belting products pre-tax profits
Read moreSector movers: Defensive electricity stocks perform well in market sell-off
13th Nov 2013 15:28
Electricity was the only sector in positive territory on Wednesday as the category benefitted from its defensive characteristics amidst a sell-off across equity markets. Markets on the whole were trading firmly lower, with the FTSE 100 registering as much as triple-digit losses in afternoon trade,
Read moreDrax cheers with improved full-year outlook
13th Nov 2013 08:28
Shares in Drax, the electrical power generation company, got a boost on Wednesday when it revealed full-year earnings before interest, tax, depreciation and amortisation (EBITDA) and underlying earnings per share would be 'materially ahead' of current market consensus forecasts. The group said it
Read moreBroker snap: SSE and Centrica downgraded due to political risk
4th Nov 2013 09:10
Investec has downgraded its ratings for UK-listed energy providers SSE and Centrica from 'add' to 'reduce' to reflect rising political risk. "The latest round of 'Big 6' bashing in Parliament signals that political headwinds for the UK's main energy suppliers (the so-called 'Big 6') are freshening,
Read moreMonday broker round-up UPDATE
14th Oct 2013 08:46
Admiral Group: JP Morgan cuts target price from 1122p to 1022p maintaining an underweight rating. Balfour Beatty: Numis increases target price from 285p to 315p and stays with its add rating. Bankers Petroleum: Goldman Sachs takes target price from 365p to 379p and reiterates a buy recommendation.
Read moreThursday broker round-up UPDATE
10th Oct 2013 08:36
Ashmore Group: Canaccord Genuity takes target price from 380p to 400p and retains a hold recommendation. Numis shifts target price from 380p to 390p reiterating its hold recommendation. Ashtead Group: Numis upgrades to add with a target price of 670p. Berkeley Group: Panmure Gordon moves target pr
Read moreMonday broker round-up UPDATE
30th Sep 2013 08:23
African Minerals: Canaccord Genuity raises target price from 330p to 370p and keeps a buy recommendation. Avon Rubber: WH Ireland ups target price from 530p to 590p keeping a buy recommendation. WH Ireland takes target price from 530p to 590p and reiterates a buy recommendation. Barratt Developmen
Read moreFriday broker round-up UPDATE
27th Sep 2013 08:48
Admiral Group: Berenberg ups target price from 1060p to 1080p, but still recommends selling. Amlin: Berenberg reduces target price from 422p to 398p and downgrades to sell. Atkins (WS): JP Morgan increases target price from 1298p to 1348p and maintains an overweight rating. AZ Electronic Material
Read moreSector movers: Utility stocks hit by Labour plans to freeze energy bills
26th Sep 2013 14:50
Electricity and multi-utility stocks were falling sharply again on Thursday as investors continue to show concern over comments from Labour leader Ed Miliband who pledged to freeze energy bills if the party is voted back into power in 2015. Shares in British Gas owner Centrica were falling heavily
Read moreLondon close: FTSE 100 falls to two-week low
25th Sep 2013 16:41
Heavy falls from Carnival, Tesco and utility stocks weighed on the FTSE 100 on Wednesday while uncertainty over the US budget and Federal Reserve monetary policy continued to dampen sentiment. London's benchmark index finished 19.93 points lower at 6,551.53, a fall of 0.3% on the day. This was the
Read moreFTSE 250 movers: Workspace climbs on planning permission news
25th Sep 2013 15:54
Workspace Group, the business premises provider, was rising high on the news it has secured planning permission to redevelop its Canary Wharf business park. The group will replace existing light industrial space at its Poplar Business Park with a mix of business centre, apartment accommodation and s
Read moreLondon midday: Stocks lower on Fed uncertainty
25th Sep 2013 11:26
Markets were choppy on Wednesday but trading firmly in the red by midday as investors awaited economic data from the US amid the ongoing uncertainty surrounding Federal Reserve monetary policy. Recent mixed economic data and conflicting comments by Fed officials over recent days continue to muddy t
Read moreLondon open: US budget, Fed policy in focus as stocks fall
25th Sep 2013 08:43
Ongoing budget talks in the States and uncertainty surrounding Federal Reserve monetary policy continues to weigh on market sentiment, with stocks falling into the red on Wednesday morning. Markets across Europe were trading lower early on, following on from a weak session in Asia overnight and the
Read moreMonday broker round-up
16th Sep 2013 12:13
AEC Education: WH Ireland places both its target price (prev.: 11p) and its recommendation under review. Aggreko: Citi reduces target price from 2100p to 2000p leaving its buy recommendation unaltered. Allergy Therapeutics: Panmure Gordon lowers target price from 18p to 16p, while keeping its buy
Read moreTuesday broker round-up
3rd Sep 2013 11:13
ASOS: Exane increases target price from 5000p to 6000p and keeps an outperform rating. Associated British Foods: Exane upgrades to outperform with a target price of 2400p. Balfour Beatty: Berenberg ups target price from 270p to 300p and retains its buy recommendation. Barclays: Berenberg takes ta
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