Tuesday broker round-up UPDATE
7th May 2013 07:18
Admiral Group: JP Morgan reduces target price from 1246p to 1108p downgrading to underweight. Afren: Deutsche Bank lowers target price from 165p to 150p, while leaving its buy recommendation unchanged. Investec ups target price from 138p to 160p and upgrades from hold to buy. Betfair Group: Numis
Read moreLondon close: US jobs data sends FTSE 100 to seven-week high
3rd May 2013 16:31
The FTSE 100 jumped one per cent higher to a seven-week high on Friday afternoon with stock markets rejoicing as the US jobs report smashed forecasts in April and previous months' data was revised higher. London's benchmark index closed up 61 points (+0.94%) to close at 6,521, a level not seen sinc
Read moreFTSE 250 movers: Man Group rises on anticipated boost to EPS
3rd May 2013 15:24
Investment management firm Man Group jumped after it said that 2013 earnings per share (EPS) would be helped after a change in its regulatory status boosted surplus regulatory capital, allowing it to call/redeem certain debt securities. The strong rise came despite it saying that flows in the first
Read moreLondon midday: Miners buoy Footsie ahead of US jobs data
3rd May 2013 11:43
Strength in the mining sector kept the FTSE 100 in positive territory on Friday morning, though the index was rangebound ahead of the all-important US jobs report due out this afternoon. A surprise drop in American jobless claims yesterday pushed the S&P 500 to a new all-time high last night as mar
Read moreLondon open: Markets up ahead of US jobs report, but RBS falls
3rd May 2013 08:38
London's FTSE 100 index opened broadly flat on Friday morning as a sharp fall from Royal Bank of Scotland (RBS) offset a strong performance in the mining sector. Investors were still digesting what has been a busy week for financial markets with monetary policy decisions from the Federal Reserve (F
Read moreMan Group gains despite 'disappointing' flows in Q1
3rd May 2013 07:34
Investment management firm Man Group said that the first quarter was 'disappointing' from a flows perspective as funds under management declined over the three-month period. However, shares rose strongly on Friday morning after the company said that 2013 earnings per share would be helped by a chan
Read moreThursday broker round-up UPDATE
25th Apr 2013 09:07
Barclays: Morgan Stanley lowers target price from 438p to 424p and reiterates an overweight rating. Bellzone Mining: Investec reduces target price from 21p to 5.28p and downgrades to hold. BG Group: Bank of America cuts target price from 1300p to 1250p retaining a neutral rating. Brown (N) Group:
Read moreWednesday broker round-up UPDATE
24th Apr 2013 08:25
Archipelago Resources: Canaccord Genuity lowers target price from 75p to 68p keeping a buy recommendation. ARM Holdings: Morgan Stanley ups target price from 911p to 925p maintaining an equal-weight rating. Deutsche Bank takes target price from 445p to 460p, but still recommends selling. Citigroup
Read moreWednesday broker round-up UPDATE
17th Apr 2013 07:20
African Barrick Gold: Deutsche Bank cuts target price from 230p to 173p, while its hold recommendation is reiterated. Ashmore Group: Morgan Stanley raises target price from 395p to 444p and maintains an equal-weight rating. Ashtead Group: Jefferies increases target price from 615p to 690o and reit
Read moreFTSE 250 movers: Petropavlovsk leads mining sector lower
15th Apr 2013 15:04
Mining stock Petropavlovsk plunged after Citi downgraded the stock and cut its forecasts for gold. Other miners, including Bumi, Centamin, Ferrexpo, Hochschild and African Barrick Gold were also falling sharply. High Street bookie Ladbrokes also fell after it said it has said that it had experienc
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 moreFTSE 250 movers: Ashmore rises on strong Q3
11th Apr 2013 15:51
Ashmore was a high riser after reporting that assets under management (AuM) increased by 9.4 per cent in the third quarter as it attracted funds from government clients. The news also gave sector peer Man Group a lift. Recruitment company Hays was also higher after it said it expects full-year op
Read moreLondon midday: Markets edge higher ahead of US jobless claims
11th Apr 2013 11:47
After a tentative start, the FTSE 100 was firmly in positive territory by Thursday lunchtime, extending its recent winning streak to a fourth day despite some steep falls in the heavyweight mining sector. Renewed optimism regarding the Chinese economy has driven markets higher in the past few days,
Read moreLondon open: EVRAZ and ENRC limit gains early on
11th Apr 2013 08:37
The FTSE 100 opened broadly flat on Thursday morning, with sharp falls by steel maker EVRAZ and diversified miner ENRC limiting gains, as investors paused for breath after three consecutive days of gains. Renewed optimism regarding the Chinese economy has driven markets higher in the past few days,
Read moreMan Group's capital boosted as regulatory status is changed
11th Apr 2013 08:13
Asset management Man Group has said that a change in its regulatory status means that the capital it needs to hold as a buffer has been reduced by 250m dollars. Man told the Financial Conduct Authority (FCA) that it is changing its status from being a Full Scope Group to a Limited Licence Group and
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