Wednesday broker round-up
11th Jul 2012 08:10
ASOS: HSBC downgrades to neutral, target lifted from 1,780p to 1,950p. Avanti Communications: Jefferies reiterates buy rating and 600p target. Aviva: Morgan Stanley upgrades to overweight. Balfour Beatty: UBS downgrades to neutral, target cut from 340p to 310p. BTG: Jefferies downgrades from buy
Read moreThursday broker round-up:
5th Jul 2012 08:06
Aquarius Platinum: Canaccord Genuity downgrades to hold. ARM Holdings: Jefferies maintains hold rating and 485p target. Ashmore: Citigroup cuts target from 400p to 350p, neutral rating kept. Babcock: Jefferies keeps buy recommendation and 970p target. Bellway: UBS raises target from 800p to 900p
Read moreSector movers: Havens appeal as World Bank cuts growth forecast
13th Jun 2012 16:34
With concerns mounting once more over the Eurozone debt crisis ahead of this week-end's Greek General Election investors were happy to seek out the relative safety of utilities such as power providers SSE and Drax. SSE's appeal was underlined by Barclays, which suggested clients be overweight in th
Read moreWednesday broker round-up
30th May 2012 09:31
Aberdeen: UBS cuts target from 340p to 300p, buy rating unchanged. Ashmore: UBS cuts target from 420p to 380p, buy rating unchanged. AVEVA: Merchant Securities raises target from 1,800p to 1,850p, buy rating unchanged. Centrica: Nomura cuts target from 355p to 320p, neutral rating kept. Drax: No
Read moreSector movers: Defensives bear the brunt of increased risk appetite
29th May 2012 15:24
Defensive sectors were firmly out of favour on Tuesday as investors shifted into 'riskier' assets such as mining stocks. Food and drug retailers were the worst performers, with heavyweight supermarket peers Tesco, Sainsbury and Morrison registering moderate losses in afternoon trade. Other defensi
Read moreTuesday broker round-up
15th May 2012 09:10
Babcock: Investec reiterates buy, puts target under review; Jefferies raises target from 780p to 910p, buy rating kept. BT Group: Espirito Santo upgrades from sell to neutral, lifts target from 180p to 210p. Chariot Oil & Gas: UBS slashes target from 340p to 215p, buy rating unchanged. Drax: Inv
Read moreDrax takes advantage of better dark green spreads
15th May 2012 08:09
Drax, which converts coal and biomass to energy, said it has delivered a good operating performance so far in 2012 and its expectations for the full year remain unchanged. The group said it has taken advantage of improvements in dark green spreads - the difference between the wholesale price at wh
Read moreWednesday newspaper round-up: BSkyB, Drax, Bolivia
2nd May 2012 07:08
Shares in Rupert Murdoch's News Corporation and BSkyB rose on Tuesday as experts warned he may have to sever all ties with the satellite broadcasting business he founded. News Corp could be forced to sell off its entire 39pc stake in BSkyB, or watch the £12bn pay-to-view company lose its valuable li
Read moreHunting CEO ditches 100,000 shares
1st May 2012 15:50
The Chief Executive Officer of FTSE 250 energy services provider Hunting has sold off 100,000 shares in the firm at 945p each. Dennis Proctor, who has been a director of Hunting for twelve years, made the £945,000 sale to satisfy personal tax liabilities, the company said. Following the transact
Read moreDrax set on having biomass appeal
18th Apr 2012 16:13
Charles Berry, Chairman of Drax, best known as the operator of an old school coal-fired power station, said at the company's annual general meeting on Wednesday that burning sustainable biomass in place of coal remains the strategic focus of the company. "Reducing our carbon footprint is central to
Read moreBroker tips: Utilities, Laird, Bookmakers
22nd Mar 2012 11:41
While Nomura has maintained a bearish view on the UK utilities sector, yesterday's Budget did include a cut in corporation tax leading the broker to upgrade its target prices for utilities under its coverage. Nomura made the following changes to its ratings/reiterations in the utilities sector toda
Read moreBroker snap: Nomura lifts targets for utilities after Budget
22nd Mar 2012 10:26
While Nomura has maintained a bearish view on the UK utilities sector, yesterday's Budget did include a cut in corporation tax leading the broker to upgrade its target prices for utilities under its coverage. Chancellor of the Exchequer George Osborne announced yesterday that the planned sequence o
Read moreThursday broker round-up
22nd Mar 2012 09:58
AMEC: JP Morgan Cazenove downgrades from overweight to neutral, target lifted from 1,252p to 1,344p. AstraZeneca: Liberium Capital upgrades from sell to buy, target lifted from 2,700p to 3,100p. British Land: Espirto Santo downgrades from buy to neutral. Capital Shopping Centres Group: Societe Ge
Read moreBroker tips: Unilever, Regus, Energy stocks
20th Mar 2012 11:19
Investec has cut its recommendation for food and cosmetic goods giant Unilever from buy to hold and cut its target price from 2,170p to 2,100p - the first time it has downgraded the stock in 17 years. While the broker says it is still an admirer of the company, two things are a cause for concern: a
Read moreBroker snap: Uncertainty persists in the energy sector, says Nomura
20th Mar 2012 10:17
Nomura has highlighted National Grid and United Utilities as its key picks in the UK utilities sector, but has warned that uncertainties still remain given the current climate and regulatory intervention. "Energy continues to be a contentious issue in UK politics - the economic downturn, combined w
Read more