Friday broker round-up UPDATE
4th Oct 2013 09:32
Aberdeen Asset Management: JP Morgan lowers target price from 523p to 509p maintaining an overweight rating. Admiral Group: Canaccord Genuity cuts target price from 1200p to 1160p retaining its sell recommendation. API Group: Numis downgrades to add with a target price of 85p. Arbuthnot Banking G
Read moreFriday broker round-up UPDATE
6th Sep 2013 08:01
Antofagasta: Canaccord Genuity lowers target price from 1035p to 1020p, while leaving its buy recommendation unchanged. Ashmore Group: Canaccord Genuity downgrades from buy to hold with a target price of 380p. Associated British Foods: Societe Generale upgrades to hold with a target price of 1900p
Read moreFTSE 250 movers: N Brown jumps after broker upgrade
21st Aug 2013 14:36
Internet shopping group N Brown was a high riser today after Credit Suisse raised its rating for the stock from 'neutral' to 'outperform' and lifted its target price from 455p to 620p. N Brown, whose brands include Simply Be, Jacamo and Figleaves, has seen its stock surge by around 50% so far this
Read moreTuesday broker round-up UPDATE
6th Aug 2013 07:13
Alent: Credit Suisse lowers target price from 430p to 420p keeping an outperform rating. UBS ups target price from 350p to 365p and maintains a neutral rating. Anglo American: Jefferies cuts target price from 1700p to 1650p and maintains a hold recommendation. Aquarius Platinum: RBC Capital shifts
Read moreFTSE 250 movers: Thomas Cook jumps on dividend hopes
5th Aug 2013 13:37
Travel operator Thomas Cook was flying high on Monday after upbeat comments from a number of brokers following last week's well-received third-quarter results. Citigroup raised its rating for the stock today from 'neutral' to 'buy', saying that the delivery of cost savings should "drive material up
Read moreMonday broker round-up UPDATE
5th Aug 2013 07:06
Anglo American: Citi increases target price from 1400p to 1500p reiterating a neutral rating. Atkins: Jefferies raises target price from 950p to 1075p and retains a hold recommendation. Capita: Berenberg takes target price from 955p to 1060p, while downgrading from buy to hold. Cineworld Group: N
Read moreLondon close: Disappointing US jobs report sparks late sell-off
2nd Aug 2013 16:27
After a relatively quiet start to the trading session, markets sunk sharply into the red on Friday afternoon after the US economy added far fewer jobs than forecast in July. Non-farm payrolls increased by just 162,000 last month, lower than the downwardly revised 188,000 increase in June and much w
Read moreFTSE 250 movers: Vesuvius, Man Group, CSR, Modwen
2nd Aug 2013 12:46
Vesuvius advanced after the maker of ceramic moulds and lining for steelmakers and foundries reported a 39 per cent rise in profit, driven by a stabilisation in demand and the disposal of its low-margin businesses. Hedge fund, Man Group, posted first-half earnings that beat analysts' estimates, des
Read moreLondon midday: Markets flat as nerves set in ahead of US jobs report
2nd Aug 2013 11:55
Markets were rangebound on Friday morning as investors scaled back risk appetite ahead of the all-important US jobs report due out this afternoon. Even a impressive reading of construction activity in the UK failed to give stocks a boost this morning; the UK construction purchasing managers' index
Read moreInvestors pull billions from Man Group funds
2nd Aug 2013 08:20
Man Group suffered massive redemptions in the first half, amid difficult market conditions and after a poor performance from its flagship fund. The asset manager said clients had pulled $11.5bn from its funds offsetting sales of $6.5bn and dragging funds under management down to $52bn at the end of
Read moreBroker snap: Recent sell-off at Aberdeen overdone, says UBS
12th Jul 2013 11:04
The recent share price fall at Aberdeen Asset Management over the past month has been overdone, according to UBS, which reiterated its 'buy' rating for the stock on Friday. "The market is pricing in outflows in emerging market (EM) equities; while we expect these to have slowed, we note that Aberde
Read moreThursday broker round-up UPDATE
4th Jul 2013 08:17
Aberdeen Asset Management: JP Morgan reduces target price from 573p to 476p and reiterates its overweight rating. Ashmore Group: JP Morgan cuts target price from 410p to 339p maintaining a neutral rating. ASOS: Jefferies raises target price from 2199p to 6200p and upgrades from underperform to buy
Read moreTuesday broker round-up UPDATE
2nd Jul 2013 08:24
Amara Mining: Westhouse Securities raises target price from 60p to 90p and stays with its buy recommendation. Canaccord Genuity lowers target price from 50p to 40p maintaining its buy recommendation. Anite Group: Panmure Gordon shifts target price from 171p to 177p and reiterates a buy recommendati
Read moreLondon close: Markets suffer another sell-off as sentiment remains fragile
24th Jun 2013 16:41
Markets suffered another heavy sell-off on Monday, sending the FTSE 100 to levels not seen since the start of the year, as concerns over a slowdown in China and last week's Federal Reserve policy meeting continuing to hit markets across the globe. London's FTSE 100 finished the day down 87 points,
Read moreFTSE 250 movers: Essar Energy, Man Group, Centamin, Kazakhmys
24th Jun 2013 12:59
Essar Energy's shares rallied after the company narrowed its losses as revenues grew on the back of higher refining volumes at the energy company's Refining and Marketing (R&M) India business. Man Group advanced as the company held an analyst presentation outlining that it intends to revise the for
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