Tuesday broker round-up UPDATE
16th Apr 2013 07:33
Aberdeen Asset Management: Citigroup ups target price from 430p to 455p retaining a neutral rating. Associated British Foods: Credit Suisse moves target price from 1650p to 1850p, but downgrades from outperform to neutral. AZ Electronic Materials: Espirito Santo initiates with a target price of 40
Read moreMonday broker round-up UPDATE
15th Apr 2013 09:50
African Barrick Gold: Citigroup cuts target price from 267p to 175p and keeps its sell recommendation. African Minerals: Goldman Sachs lowers target price from 420p to 410p keeping a buy recommendation. Citigroup moves target price from 440p to 430p and retains a buy recommendation. Anglo American
Read moreMonday broker round-up UPDATE
8th Apr 2013 07:21
Aberdeen Asset Management: Jefferies takes target price from 400p to 420p maintaining a hold recommendation. Admiral Group: Credit Suisse increases target price from 1320p to 1351p keeping a neutral rating. Antofagasta: Investec moves target price from 958p to 934p keeping a sell recommendation.
Read moreFTSE 250 movers: Spirax-Sarco rises on dividend boost
7th Mar 2013 15:28
Spirax-Sarco Engineering climbed after it recommended a windfall dividend of 100p per share, worth a total of 78m pounds, after posting record sales and profit in 2012. Investment trust RIT Capital Partners rose after it reported its highest net asset value (NAV) per share of 1,309p on February 22n
Read moreThursday broker round-up UPDATE
28th Feb 2013 07:19
AZ Electronic Materials: Goldman Sachs moves target price from 440p to 450p and retains a buy recommendation. Bovis Homes Group: Deutsche Bank shifts target price from 667p to 679p, while downgrading to hold. British American Tabacco: Investec places its target price (previously 3350p) and buy rec
Read moreLondon close: Stocks tank on political instability in Italy
26th Feb 2013 16:38
Upbeat economic data from the States wasn't enough to give markets a boost on Tuesday as a political impasse in Italy dampened the demand for cyclical stocks, such as banks. The centre-left party led by Pier Luigi Bersani appears to have won the lower house by a narrow margin though the there was a
Read moreFTSE 250 movers: St Modwen shares fall on placing news
26th Feb 2013 15:59
Regeneration specialist St Modwen tanked after proposing a placing to help fund its share in the development of the New Covent Garden Market in London. St Modwen intends to raise additional equity capital through a placing of up to 20m new ordinary shares of 10p each, representing around 9.99 per ce
Read moreLondon midday: FTSE 100 sinks on Italian political impasse
26th Feb 2013 11:37
The Footsie lost over one per cent on Tuesday morning in the aftermath of the Italian national elections, as financial markets reacted to the political uncertainty unravelling in the Eurozone's third-largest economy. The centre-left party led by Pier Luigi Bersani appears to have won the lower hous
Read moreGroup earnings per share rise 12 per cent in full year at Elementis
26th Feb 2013 07:37
Group earnings per share increased by 12 per cent in the year ending December 31st at specialty chemicals company Elementis. In its preliminary results, issued on Tuesday, the company reported that its operating margin had improved to 19% compared to 18% in 2011. Constant currency sales were up
Read moreLondon open: Markets pause after strong gains
20th Feb 2013 08:43
The FTSE 100 opened flat on Wednesday morning following a one per cent surge the day before, as investors awaited announcements from central banks and a number of key economic indicators from around the globe. "After having the strongest day of the year so far, European stock markets are in consoli
Read moreElementis acquires US coatings additives firm
20th Feb 2013 07:51
Elementis, the FTSE 250 speciality chemicals group, has agreed, through its wholly owned subsidiary Elementis Specialties, to acquire the assets of Hi-Mar Specialty Chemicals, a US coatings additives company. The $33m purchase has been made to further expand the company's product and technical serv
Read moreMonday broker round-up UPDATE
4th Feb 2013 07:17
Antofagasta: Nomura lowers target price from 1400p to 1250p and keeps a neutral rating. Aviva Group: Barclays cuts target price from 317p to 302p leaving its underweight rating unaltered. Beazley: Berenberg starts with a target price of 217p and a buy recommendation. Big Yellow Group: UBS reduces
Read moreTuesday broker round-up UPDATE
15th Jan 2013 07:17
African Barrick Gold: Investec lowers its target price from 526p to 405p, while upgrading from hold to buy. ARM Holdings: Morgan Stanley raises its target price from 725p to 911p, while downgrading to equal-weight. Investec ups target price from 800p to 900p and downgrades from buy to hold. Aurum
Read moreLondon close: Markets start 2013 in bullish mood
3rd Jan 2013 17:03
- Footsie jumps 150 points in two days - Markets react to mixed economic data - UK 10-year bond yields above two per cent London's blue-chip index was able to build on Wednesday's massive surge today in the aftermath of the fiscal cliff deal Stateside on New Year's Day. Market analyst Michael Hews
Read moreFTSE 250 movers: Fresh blood for Chemring
3rd Jan 2013 15:50
Defence firm Chemring was one of the top risers after its Chief Executive put boots on the ground in the form of new directors of finance and human resources. Investec has reiterated its 'buy' rating and 280p target price for Chemring, highlighting Thursday's appointment of new FD Steve Bowers. "
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