Wednesday broker round-up UPDATE
2nd Jul 2014 09:38
Anite: Investec places its target price (prev.: 88p) under review, while its hold recommendation remains unchanged. Ashcourt Rowan: N+1 Singer moves target price from 231p to 242p and keeps a buy recommendation. BG Group: Canaccord Genuity raises target price from 1250p to 1450p upgrading from hol
Read moreSunday share tips: Debenhams, Johnston Press, Carpetright
22nd Jun 2014 14:13
Steer clear of shares in Debenhams, Questor advised in the Sunday Telegraph. There was no repeat of the December 31st profit warning when the department store group published its trading statement on June 20th. Trading was in line with expectations. But Debenhams has damaged its brand by repeatedly
Read moreCitigroup upgrades Man Group after Numeric buy
20th Jun 2014 13:27
Citigroup has upgraded Man Group after the hedge fund manager bought US quantitative investment specialist Numeric for up to $494m. Citi has changed its recommendation on Man to 'neutral' from 'sell' with a target price of 102p, up from 88p, which it said reflected a 22% rise in expected 2015 earni
Read moreFriday broker round-up UPDATE
20th Jun 2014 09:46
Berkeley Group: Credit Suisse ups target price from 2506p to 2550p reiterating a neutral rating. Crest Nicholson: Jefferies takes target price from 419p to 434p and maintains a buy recommendation. Debenhams: Investec lowers target price from 64p to 62p retaining a sell recommendation. Infinis: De
Read moreFTSE 250 movers: Supergroup lifted by broker rating after recent falls
19th Jun 2014 14:19
SuperGroup investors took heed of the 'buy' recommendation preferred by Canaccord Genuity, with the broker saying that the "brand [is] still in fashion, even if shares aren't". The shares have been under heavy selling pressure in recent weeks, which presents an "good buying opportunity". Hedge fund
Read moreLondon pre-open: FTSE set to jump after Federal Reserve meeting
19th Jun 2014 07:40
London-listed stocks are expected to charge higher in today's session, lifted by the Federal Reserve Chair Janet Yellen's comments that interest rates will stay low "for a considerable time". City sources predict the FTSE 100 will open around 40 points above yesterday's close of 6,778.56. After a
Read moreMan Group agrees to acquire US quant specialist Numeric - UPDATE
19th Jun 2014 07:07
Hedge fund operator Man Group has conditionally agreed to acquire US quantitative investment specialist Numeric for up to $494m in cash and options, to beef up its algorithm-based offering outside Europe and Asia. Man will pay $219m in cash at completion, which is expected in September, plus up to
Read moreMonday broker round-up UPDATE
9th Jun 2014 09:43
Aggreko: Panmure Gordon downgrades from buy to hold with a target price of 1748p. API Group: Numis shifts target price from 84p to 85p, downgrading from buy to add. ASOS: Jefferies reduces target price from 6200p to 5700p, while leaving its buy recommendation unchanged. Betfair Group: Investec ra
Read moreLondon pre-open: Asia data to help drive FTSE higher
9th Jun 2014 07:40
Positive data from Asia and last week's strong US jobs figure are expected to send UK stocks into positive territory this morning. City sources predict the FTSE 100 will open around 11 points higher than Friday's close of 6,858.21. In Asia, China reported a trade surplus of just under $36bn for M
Read moreMan Group buys US asset management firm Pine Grove
9th Jun 2014 07:16
In a move to expand in the US and diversify its product offering, hedge fund manager Man Group has bought credit-focused Pine Grove Asset Management. Pine Grove, which has around $1bn of assets under management, has been purchased for an undisclosed amount. The employee-owned company, based in New
Read moreThursday broker round-up UPDATE
5th Jun 2014 09:37
Aberdeen Asset Management: Liberum Capital initiates with a target price of 555p and a buy recommendation. Ashmore Group: Liberum Capital starts with a target price of 303p and a sell recommendation. ASOS: N+1 Singer places both its target price (prev.: 4100p) and its hold recommendation under rev
Read moreLondon midday: Chinese data provides a boost as traders look ahead to ECB
2nd Jun 2014 11:26
- Mining stocks lead gains after China manufacturing PMI - UK, Eurozone manufacturing PMIs ease - ECB in focus ahead of Thursday's meeting - Supermarket, insurance stocks lead the fallers techMARK 2,824.10 +0.42% FTSE 100 6,863.67 +0.28% FTSE 250 16,084.94 +0.47% An improvement in Chinese factory
Read moreMonday broker round-up UPDATE
2nd Jun 2014 10:24
Anglo Pacific: FinnCap places both its target price (prev.: 216p) and its hold recommendation under review. Associated British Foods: Berenberg increases target price from 2600p to 3060p, while maintaining its hold recommendation. Barr (AG): Numis moves target price from 612p to 624p retaining a h
Read moreLondon open: Chinese data gives UK mining stocks a boost
2nd Jun 2014 08:58
- Miners lead gains early on - China manufacturing PMI rises, but house prices weaken - Busy week ahead with ECB and US jobs in focus techMARK 2,819.95 +0.27% FTSE 100 6,856.96 +0.18% FTSE 250 16,086.39 +0.48% Rising mining stocks helped UK equity markets to gain on Monday morning, as risk appeti
Read moreBerenberg upgrades Man Group to 'hold' from 'sell'
2nd Jun 2014 07:59
Fund manager Man Group's "enormous" restructuring effort of the last three years is set to pay off, analysts at Berenberg explained to clients on Monday morning. In a research note entitled 'Turning the corner', they argued that much of the "heavy-lifting" associated with a wide-scale and aggressi
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