Tuesday broker round-up
31st Jul 2012 09:19
Dignity: N+1 Brewin upgrades to add, target raised from 880p to 950p. Diploma: Jefferies reiterates buy rating and 510p target. Elementis: N+1 Brewin upgrades to buy, target upped from 220p to 230p. EnQuest: HSBC upgrades to overweight, target lifted from 135p to 143p. Faroe Petroleum: Nomura ra
Read moreWednesday broker round-up
25th Jul 2012 10:13
3i Group: Investec initiates with buy rating and 236p target. APR Energy: UBS cuts target from 690p to 590p, sell rating unchanged. British American Tobacco: Jefferies keeps buy rating and 3,730p target. British Land: Jefferies keeps buy rating and 552p target. BT Group: Jefferies maintains buy
Read moreLondon close: Stocks fall on Eurozone outlook
24th Jul 2012 16:40
- Spanish bond yields continue to set new records - Moody's turns 'negative' on Germany, Netherlands and Luxembourg - Croda surges after first-half results Equity markets spent another day in the red on Tuesday as concerns over the Eurozone continued to dampen the mood; following the two per cent
Read moreFTSE 250 movers: Provident Financial surges after Vanquis Bank performance
24th Jul 2012 15:48
Small loans specialist Provident Financial topped the risers list on Tuesday afternoon after reporting that its first-half performance was helped by a sparkling performance from its Vanquis Bank. The group reported a 17 per cent rise in pre-tax profits, while Vanquis Bank saw profits surge 60.2 per
Read moreLondon midday: Stocks lower as Spanish yields keep rising
24th Jul 2012 11:45
- Investors digest PMI data from China and Eurozone - Moody's turns 'negative' on Germany, Netherlands and Luxembourg - Spanish bond yields continue to set new records The Footsie was slightly lower by Tuesday lunchtime as Eurozone jitters continue to dampen equity markets. The index was swinging
Read moreLondon open: Market extends losses on euro worries
24th Jul 2012 08:29
- Footsie continues to fall as Spanish yields rise - Moody's turns 'negative' on Germany, Netherlands and Luxembourg - Miners, banks provide a drag in London - Moody´s criticizes gradualist approach to crisis resolution - Goldman Sachs AM President calls for radical ECB action -BBC UK stocks edged
Read moreMore cost cutting at Man as profits slump
24th Jul 2012 07:25
Hedge fund manager Man Group saw funds under management slump in the first half 0f 2012 as nervous customers withdrew funds, resulting in a concomitant dive in profits. Funds under management (|FuM) at the end of June stood at $52.7bn, down from $58.4bn at the end of 2011. Although the group achiev
Read moreTuesday preview: Man Group and CSR
23rd Jul 2012 16:00
Hedge fund manager Man Group will report its first-half results on Tuesday morning. According to analyst Stuart Duncan from Peel Hunt, the focus will likely be on Man's outflows over the last quarter from its struggling flagship AHL fund, one of the factors that has more than halved Man's target pr
Read moreMan Group completes FRM acquisition
17th Jul 2012 14:07
Man Group has completed its acquisition of FRM Holdings, a global hedge fund research and investment specialist. The deal, which is costing Man up to $142.8m, means the two firms' combined multi-manager business now has total funds under management of around $19bn, making it the largest independent
Read moreLondon close: US data, stimulus hopes drive gains
3rd Jul 2012 16:35
- US factory data beats forecasts - Stimulus hopes drive gains for equity markets - Barclays choppy after CEO, COO departures Following a tentative start, the FTSE 100 surged in afternoon trade on the back of some strong factory-order data in the US. Hopes that central banks from across the globe
Read moreFTSE 100 movers: Aberdeen off on Credit Suisse placement
3rd Jul 2012 13:57
Making headlines this morning was the news that Bob Diamond has called its quits at Barclays, bowing in to political pressure following last week's news that the bank was involved in Libor manipulation. Marcus Agius, who said yesterday that he would resign as Chairman, is to become a full-time Chair
Read moreLondon midday: Barclays, miners provide a lift in London
3rd Jul 2012 11:44
- Investors welcome departure of Barclays CEO - Stimulus hopes drive gains for equity markets - Miners track metals prices higher Trade was choppy on Tuesday morning, but the Footsie edged higher on the back of strength in the mining sector. However, the index stayed within a narrow range with just
Read moreBroker tips: Barclays, Man Group, Avocet Mining
3rd Jul 2012 10:54
Investec has reiterated its 'buy' recommendation and 240p target price for UK banking group Barclays, but said it is disappointed with the news that Chief Executive Officer Bob Diamond has resigned. "We are disappointed by Bob's resignation this morning. That said, it is undeniable that the unrelen
Read moreBroker snap: Man Group hit by Credit Suisse downgrade
3rd Jul 2012 09:55
Credit Suisse has downgraded its rating for hedge fund manager Man Group from 'outperform' to 'neutral' and slashed its target price from 130p to just 88p, saying that the market environment remains 'tough'. The challenging market environment during the the second quarter of 2012 saw "unhelpful" si
Read moreTuesday broker round-up - UPDATE
3rd Jul 2012 08:11
Anite: Jefferies reiterates buy rating and 155p target; Investec puts target under review, buy rating kept. Avocet Mining: Nomura slashes target from 220p to 120p, neutral rating kept. Barclays: Investec maintains buy rating and 240p target. BG Group: Deutsche Bank reduces target from 1,800p to 1
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