Thursday broker round-up UPDATE
21st Feb 2013 08:02
Aberdeen Asset Management: Citigroup takes target price from 400p to 430p and stays with its neutral rating. Admiral Group: JP Morgan starts with a target price of 1246p and a neutral rating. Anglo American: Jefferies increases target price from 2050p to 2450p and upgrades from hold to buy. Aviva
Read moreWednesday broker round-up UPDATE
20th Feb 2013 07:04
Amara Mining: Goldman Sachs moves target price from 90p to 55p downgrading to neutral. Aureus Mining: Goldman Sachs revises target price from 65p to 55p retaining a neutral rating. Avocet Mining: Goldman Sachs cuts target price from 55p to 30p and upgrades from sell to neutral. AZ Electronic Mate
Read moreLondon close: Footsie gains one per cent on German ZEW, M&A activity
19th Feb 2013 17:00
The FTSE 100 jumped one per cent on Tuesday after a better-than-expected reading of German confidence and increased M&A activity in the US. The ZEW Institute's index, which measures economic sentiment in the Eurozone's largest economy, surged to 48.2 in February, ahead of last month's reading of 31
Read moreFTSE 250 movers: Fidessa boosted by Credit Suisse rating
19th Feb 2013 16:04
Fidessa shares soared after Credit Suisse increased its target price from 1,782p to 2,213p and retained an outperform rating. In spite of Drax's EBITDA falling 10.6% to £298.4m in 2012, the coal power station group was making gains after the result came in ahead of the company's own guidance range
Read moreLondon midday: German sentiment data buoys stocks
19th Feb 2013 11:22
A better-than-expected reading of German confidence pushed stock markets firmly into positive territory by Tuesday lunchtime. The ZEW Institute's index, which measures economic sentiment in the Eurozone's largest economy, surged to 48.2 in February, ahead of last month's reading of 31.5 surpassing
Read moreBroker snap: Drax remains a 'sell' despite full-year beat, says Cantor
19th Feb 2013 11:15
Power station group Drax's full-year results may have come in slightly ahead of expectations but Cantor Fitzgerald retained its 'sell' rating for the stock on Tuesday morning. The company's results for 2012 were slightly ahead of its own guidance, "as has often tended to be the case", says analyst
Read moreLondon open: Markets cautious ahead of German ZEW survey
19th Feb 2013 08:22
Stock markets began Tuesday's session in a cautious fashion ahead of a closely-watched reading of German confidence this morning. The ZEW index which measures economic sentiment in Germany is expected to have risen to 35 in February, up from 31.5 last month. An increase this month would be the six
Read moreLondon pre-open: FTSE set to continue lower
19th Feb 2013 07:32
City sources predict the FTSE 100 will open down seven points from yesterday's close of 6,318, on what is expected to be another fairly quiet day of trading. Asian markets were seen heading lower this morning, while the closure of markets in the US on Monday means a lack of direction from across t
Read moreDrax Group posts losses as it plans to transform business
19th Feb 2013 07:20
Drax Group said Tuesday it will be investing significant capital to transform the business after the power station firm posted a 4.4 per cent fall in annual earnings. The FTSE 250 group reported underlying earnings of £193m for the year to December 31st 2012, down from £202m the year before. Prof
Read moreTuesday preview: Drax Group releases interim results
18th Feb 2013 14:57
Power station firm Drax Group will unleash its latest results Tuesday on the back of an estimated earnings fall for 2012. Some analysts predict the company will report annual revenues to the tune of £1.80bn and pre-tax profits of £220.52m, down from the previous year's respective £1.85bn and £338.1
Read moreFriday broker round-up UPDATE
15th Feb 2013 07:58
Aberdeen Asset Management: UBS shifts target price from 440p to 470p and reiterates a buy recommendation. Credit Suisse takes target price from 410p to 470p staying with its outperform rating. Barclays revises target price from 470p to 490p, while its overweight rating remains unchanged. Jefferies m
Read moreWeir appoints Drax Chairman to board
15th Feb 2013 07:26
Engineering giant Weir has appointed Charles Berry, the Chairman of power station firm Drax Group, as a Non-Executive Director. Berry, who is also the Non-Executive Chairman of Senior and previously held board positions at Scottish Power, will join the board on March 1st. He will become a member o
Read moreWednesday broker round-up UPDATE
13th Feb 2013 07:47
API Group: Numis shifts target price from 70p to 67p downgrading to hold. Barclays: Morgan Stanley raises target price from 386p to 400p keeping an overweight rating. Credit Suisse increases target price from 250p to 290p, while leaving its neutral rating unchanged. JP Morgan ups target price from
Read moreMonday broker round-up UPDATE
11th Feb 2013 07:41
Aquarius Platinum: Deutsche Bank shifts target price from 82p to 83p keeping a buy recommendation. AstraZaneca: JP Morgan cuts target price from 2970p to 2750p and retains an underweight rating. Avation: WH Ireland ups target price from 120p to 140p, while its buy recommendation is kept. Bellway:
Read moreBroker snap: Utilities stocks continue to steady, says Seymour Pierce
21st Jan 2013 08:05
With results in the utilities sector not expected to grab many headlines over the next few weeks, Seymour Pierce has highlighted its best and worst picks for the category. "Overall, we believe that the utilities sector continues to be a 'Steady Eddie', performing as it should in uncertain markets,"
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