Tuesday broker round-up UPDATE
22nd Apr 2014 07:39
ARM Holdings: Goldman Sachs cuts target price from 1500p to 1450p and keeps a buy recommendation. Ashtead Group: Investec increases target price from 800p to 1100p and keeps a buy recommendation. Babcock International: Investec cuts target price from 1385p to 1377p, while upgrading to buy. Beazle
Read moreFTSE 250 movers: Evraz, Ocado, Centamin, Debenhams
17th Apr 2014 14:38
Russian steelmaker Evraz rebounded on Thursday following a slump a day earlier when it reported an eight per cent fall in crude steel production for the first quarter. Online grocer Ocado Group gained ahead of the Easter weekend as shoppers stocked up on food for the holiday. Mining giant Centami
Read moreFTSE 250 movers: JD sports climbs on expansion plans
16th Apr 2014 14:19
JD Sports was a strong riser on Wednesday following reports the company is planning to expand overseas amid its recent chain of acquisitions. Its Chief Executive, Barry Brown, was quoted by Retail Week as saying: 'The opportunity is big especially in France and Germany. There are lots of markets we'
Read moreEVRAZ steel output declines in Q1, but prices pick up
16th Apr 2014 08:08
- Q1 output falls, growth expected in Q2 - Steel prices fall in Q1 but pick up in March - Operations not affected by Ukraine crisis - Weak ruble to weigh on finances Russian steel group EVRAZ said that output declined in the first quarter, but prices began to pick up towards the end of the period.
Read moreFTSE 250 movers: Debenhams rises after maintaining divi
15th Apr 2014 14:49
High Street department store Debenhams rose after maintaining its interim dividend at 1p per share despite profits falling by a quarter in the first half. The profit decline, however, was in line with company guidance. Al Noor Hospitals headed higher after Jefferies increased its target price from
Read moreTuesday broker round-up UPDATE
15th Apr 2014 08:08
APR Energy: Goldman Sachs reduces target price from 1165p to 1039p, while upgrading to buy. Aureus Mining: FinnCap places its target price (prev.: 175p) under review and keeps its buy recommendation . Al Noor Hospitals: Jefferies increases target price from 1065p to 1155p and maintains a buy recom
Read moreFTSE 250 movers: Miners track metal prices higher
14th Apr 2014 15:41
Mining groups Evraz, Lonmin and Polymetal International all tracked metal prices higher. Jardine Lloyd Thompson also climbed after Numis raised its target price to 1,190p, upgrading the stock from 'hold' to 'buy'. Ocado shares suffered significant declines, which Bloomberg was linking to the wid
Read moreFTSE 250 movers: Carillion rises on Cantor upgrade
9th Apr 2014 15:44
Carillion rose strongly after Cantor Fitzgerald upgraded the stock from 'hold' to 'buy' and increased its target price from 350p to 420p. Evraz rose despite reporting a fall in earnings in what the company described as a 'challenging year for the global steel and mining industry'. On the plus side
Read moreEvraz widens 2013 loss, revises dividend policy
9th Apr 2014 07:22
- EBITDA and revenue drops - Net loss widens - Dividend policy revised Evraz reported a fall in earnings in what the company described as a "challenging year for the global steel and mining industry". Earnings before interest, tax, depreciation and amortisation (EBITDA) dropped 10% to $1,82bn in t
Read moreFTSE 250 movers: Hikma drops after UBS reduces rating
8th Apr 2014 15:32
Similarly, pharmaceuticals group Hikma led the fallers after UBS cut its rating on the stock from 'buy' to 'neutral' on valuation grounds, saying that it is 'time to take a pause and breathe' after the stock's recent performance. Chemicals business Synthomer also sunk after JPMorgan Cazenove downgr
Read moreFTSE 250 movers: Evraz lifted by sale completion, rising metal prices
4th Apr 2014 15:26
Evraz was a strong riser after announcing that it has finalised the sale of its wholly-owned subsidiary Evraz Vitkovice Steel (EVS) to a group of investors for a gross consideration of 89m dollars. Rising metal prices also provided a lift. Man Group was given a leg up by JP Morgan after it moved i
Read moreEvraz wraps up sale of Evraz Vitkovice Steel
4th Apr 2014 07:16
Evraz has finalised the sale of its wholly-owned subsidiary Evraz Vitkovice Steel (EVS) to a group of investors. Martinley Holdings, Nabara Holdings, Vitect Services, Hayston Investments and Dawnaly Investments have each bought 20% of the business for a gross consideration of $89m. The buyers hav
Read moreLondon close: Miners ensure negative finish for FTSE
3rd Apr 2014 16:59
- Chinese stimulus comes in below expectations - ECB maintains interest rate - March UK services sector unexpectedly slows techMARK 2,770.71 -0.44% FTSE 100 6,649.14 -0.15% FTSE 250 16,349.06 -0.41% UK stocks settled modestly lower on Thursday as investors weighed up Chinese stimulus measures, det
Read moreSector movers: Evraz pushes industrial miners higher
31st Mar 2014 15:21
Strong gains from steel producer Evraz helped the industrial metals and mining sector higher on Monday, while utility stocks fell. Evraz was up nearly 12% at 80.42p in afternoon trade as it continued its recent volatile swings. The stock fell to an all-time closing low of 54.4p on March 14th on th
Read moreFTSE 250 movers: Evraz continues to recover, miners gain
31st Mar 2014 13:54
Steel producer Evraz continued its recent volatile moves on Monday, rising over seven per cent to the top of the risers list on the FTSE 250. The stock fell to an all-time closing low of 54.4p two weeks ago on the back of heightened tensions between Russia and Ukraine, where a large chunk of its o
Read more