London open: Markets bounce off five-month lows
21st Jun 2013 08:31
Markets opened in positive territory on Friday as the FTSE 100 attempted to rebound after a dramatic three per cent cent drop the day before following the Federal Reserve's announcement to scale back stimulus later this year. London's benchmark index tumbled an eye-watering 189 points on Thursday,
Read moreFTSE 250 movers: Ted Baker, Ashtead, New World Resources, Man Group
20th Jun 2013 13:56
Ted Baker's shares soared after the fashion chain reported retail sales growth that beat forecasts. The UK company reported a 32.7 per cent rise in overall group sales. Ashtead Group advanced after the equipment rental firm reported a record year of pre-tax profit. Revenue growth, operational effi
Read moreWednesday broker round-up UPDATE
19th Jun 2013 08:27
Aggreko: UBS cuts target price from 1975p to 1850p downgrading from buy to neutral. JP Morgan revises target price from 1870p to 1800p and retains a neutral rating. Alliance Pharma: Investec shifts target price from 35.20p to 35.80p, while downgrading from add to hold. Associated British Food: UBS
Read moreFTSE 250 movers: Ocado up as rumours escalate; Dialight drops
11th Jun 2013 15:10
Online grocer Ocado was extending its recent gains on Tuesday, continuing to set new all-time highs, as speculation over potential contracts and M&A activity continue to do the rounds. The stock has rocketed since the start of the year after the company signed a deal with Morrison to help the superm
Read moreThursday broker round-up UPDATE
6th Jun 2013 07:37
Aggreko: Goldman Sachs cuts target price from 2425p to 2125p, while retaining its buy recommendation. Alliance Pharma: FinnCap shifts target price from 35p to 38.50p and stays with its hold recommendation. APR Energy: Goldman Sachs reduces target price from 990p to 945p keeping a buy recommendatio
Read moreThursday newspaper round-up: Man Group, Sainsbury, IMF...
6th Jun 2013 06:44
Falling bond values over the past few weeks hit Man Group hard, according to The Times, which says that the hedge-fund manager "had been badly wrongfooted by the bond-market collapse". Shares tanked by 17 per cent yesterday after the firm said that its flagship AHL Diversified fund had suffered an 1
Read moreFTSE 250 movers: Hedge-fund manager Man Group hit by broker downgrade
5th Jun 2013 14:56
Man Group was the biggest mover on the second-tier index on Wednesday, with its share price plummeting after UBS downgraded the stock to 'neutral' citing a 'degradation in the investment case'. The broker said that Man remains highly dependent on its AHL fund, while raising concerns about Japanese
Read moreLondon midday: Markets drop ahead of key US data
5th Jun 2013 11:18
It was another volatile morning for financial markets on Wednesday as ongoing worries about stimulus measures in the US and a heavy economic data schedule dominated market sentiment. The FTSE 100 hit intraday low of 6,453 this morning, the index's lowest level since the start of May. Concerns abo
Read moreWednesday broker round-up UPDATE
5th Jun 2013 09:34
Aberdeen Asset Mangement: UBS cuts target price from 520p to 505p, while maintaining its buy recommendation. Alternative Networks: Investec revises target price from 350p to 390p keeping a buy recommendation. API Group: Numis upgrades to add with a target price of 75p. Ashmore Group: UBS lowers t
Read moreLondon close: Stocks rise as Fed speculation continues
4th Jun 2013 16:55
Speculation surrounding the future of the Federal Reserve's stimulus programme continued to drive market sentiment on Tuesday as stocks rebounded on hopes that the US central bank will delay scaling back measures as it awaits a firmer recovery. The FTSE 100 rose 33 points (+0.51%) to 6,559 today af
Read moreFTSE 250 movers: Cobham sinks as unnamed shareholder sells shares
4th Jun 2013 15:01
Defence and aerospace group Cobham was in the red after a late report last night said an unnamed 'institutional investor' sold 39.1m shares in the company via a placing, equal to a 3.6 per cent stake. The sale, valued at £111m, was priced at a 4.4% discount to last night's close, according to Bloo
Read moreWednesday broker round-up UPDATE
22nd May 2013 09:37
Afferro Mining: Panmure Gordon reduces target price from 279p to 100p, while keeping its buy recommendation. Amara Mining: Westhouse Securities cuts target price from 110p to 90p retaining a buy recommendation. Amlin: Westhouse Securities moves target price from 455p to 470p and upgrades to add.
Read moreTuesday broker round-up UPDATE
14th May 2013 08:04
Babcock International: Jefferies increases target price from 1080p to 1250p and maintains a buy recommendation. Barratt Developments: Bank of America takes target price from 265p to 325p, while downgrading to neutral. Belgravium Technologies: WH Ireland places both its target price and its neutral
Read moreLondon close: Stocks end higher after Australian rate cut
7th May 2013 16:31
Market Movers techMARK 2,417.98 +0.11% FTSE 100 6,557.30 +0.55% FTSE 250 14,101.42 -0.03% UK stocks charged higher on Tuesday, buoyed by the unexpected cut to Australia's policy cash rate, which prompted a strong start in the US. Stocks also rose on the back of Japanese markets rising to their hi
Read moreFTSE 250 movers: Imagination Technologies hit by downgrade
7th May 2013 16:14
Imagination Technologies Group was lower after Exane BNP cut its target price from 610p to 311p and downgraded the stock to neutral. Meanwhile, National Express rose after it reported it was trading in line with expectations in the first quarter after securing two major rail contracts and launchin
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