Broker tips: Man Group, AB Foods, Carpetright
24th Apr 2012 12:27
UBS has reiterated its buy recommendation for hedge fund manager Man Group, saying that the firm is a 'likely take-out candidate' and is on the 'UBS M and A Watch List'. "With Man Group shares having traded below 150p for a six-month period, we believe that a 50%+ premium bid offer to the current s
Read moreLondon midday: Man Group provides a lift as stocks claw back
24th Apr 2012 11:42
- Footsie corrects after sell-off - Man Group jumps as UBS speculates over M&A - Shell makes 220p-a-share offer for Cove UK stocks were making moderate gains by Tuesday lunchtime, rebounding after heavy losses the day before. US stock futures were pointing to a positive start on Wall Street ahead
Read moreBroker snap: Man Group on UBS's M and A watch list
24th Apr 2012 10:16
UBS has reiterated its buy recommendation for hedge fund manager Man Group, saying that the firm is a 'likely take-out candidate' and is on the 'UBS M and A Watch List'. "With Man Group shares having traded below 150p for a six-month period, we believe that a 50%+ premium bid offer to the current s
Read moreTuesday broker round-up
24th Apr 2012 09:27
ARM Holdings: Nomura maintains neutral rating and 600p target. Associated British Foods: Nomura keeps buy stance and 1,325p target; Jefferies mains hold recommendation and 1,155p target. Barclays: Investec maintains buy rating and 240p target. BBA Aviation: Jefferies keeps buy rating and 250p tar
Read moreLondon open: Financials lead comeback following steep losses
24th Apr 2012 08:40
- Footsie rebounds after Monday's steep losses - Shell makes 220p-a-share offer for Cove - Capita drops after proposing placing The FTSE 100 was clawing its way back slowly on Tuesday morning, following yesterday's steep sell-off which saw London's benchmark lose nearly two per cent of its value on
Read moreLondon close: Footsie finishes higher on strong macro data
20th Apr 2012 16:21
- German Ifo and UK retail data lifts sentiment - Financials and miners make strong gains in London - Strong start on Wall Street, GE and Microsoft beat forecasts After some better-than-expected economic data spurred a rise for the FTSE 100 this morning, the blue chip index held on to gains in the
Read moreFTSE 100 movers: Lloyds is over the worst, Investec says
20th Apr 2012 14:57
Banking group Lloyds was on the rise ahead of results on May 1st, helped by a buy recommendation from Investec. "Return on equity recovery will be painfully slow, but (whisper it quietly) the worst looks to be behind us now," the broker said. Financials were performing strongly by lunchtime with
Read moreBroker snap: Credit Suisse still sees value in Man Group
20th Apr 2012 13:04
Hedge fund manager Man Group was performing strongly on Friday afternoon following the stock's recent sell-off which has seen its share price tank over the last few months. Credit Suisse was providing a lift to the shares today after reiterating its outperform recommendation for the firm. The stock
Read moreLondon midday: Economic data drives financials higher
20th Apr 2012 11:59
- German Ifo beat expectations - UK retail sales rise strongly in March - Man Group rebounds, IMI higher after update Positive economic data from the UK and Germany cemented gains on Friday morning ahead of what is expected to be a bright start for US stocks with futures on the up after a barrage o
Read moreLondon close: Footsie flat, gains pared after US data
19th Apr 2012 16:32
- Stocks wobble after US data, French rumours - Spanish auction strong - Cable and Wireless Worldwide extends offer deadline After a solid start, London's blue chip index finished flat on Thursday as weaker-than-expected economic data from the US dampened sentiment late on. US stocks started cauti
Read moreLondon close: Financials weigh on Footsie
18th Apr 2012 16:34
- Financials, ex-div stocks weigh down Footsie - BoE's Miles alone on more QE - Italy may delay achieving balanced budget by a year The Footsie finished firmly lower on Wednesday afternoon despite some positive domestic jobless figures, as concerns over the Eurozone continued to dampen sentiment. S
Read moreFTSE 100 movers: Miners leading the way
18th Apr 2012 13:50
Miners were among the best performers on the Footsie with precious metals group Fresnillo rising strongly. The group this morning hailed a strong start to 2012 with gold production beating its own expectations and silver output being on target. BHP Billiton was wanted after iron ore production at
Read moreLondon open: Footsie rises despite banking weakness
16th Apr 2012 08:33
- Spanish 10-year bond yield above six per cent - Banks under pressure, Moody's delays ratings decision - Int'l Power rises strongly after GDF SUEZ bid London's blue chip index opened moderately higher despite a fall in the banking sector. International Power was leading the risers after receiving
Read moreLondon close: Footsie drops to intraday low on weak macro data
13th Apr 2012 16:36
- Macro data scares away bulls - Financials drag blue-chip index lower - Footsie down 1.3 per cent on the week The Footsie finished Friday's session close to its worst levels of the day as investors fretted about the global economic outlook; data from China and the US came in worse-than-expected a
Read moreLondon midday: Eurozone, Chinese concerns weigh on market
13th Apr 2012 11:43
- Chinese GDP misses forecasts - Miners rise on speculation of police easing in China - Spanish bank borrowing nearly doubles London's blue-chip index was firmly lower by Friday lunchtime and US stock futures were pointing to a weak start on Wall Street as economic data from China and concerns over
Read more