Broker tips: Easyjet, Unilever, Lancashire Holdings,
24th Jul 2014 12:42
Recent share-price weakness and a positive third-quarter trading update at Easyjet has prompted Panmure Gordon to lift its stance on the stock from 'hold' to 'buy'. "Even though we are likely to trim our earnings forecasts reflecting the more challenging revenue environment, we remain hugely optimi
Read moreLondon midday: Stocks erase losses as banks and housebuilders gain
24th Jul 2014 12:04
- Banking, housing stocks provide a boost - Kingfisher, Easyjet slump after results - Ukraine still in focus as Russian sanctions discussed - Eurozone PMI improves, UK retail sales fall techMARK 2,821.65 -0.06% FTSE 100 6,802.89 +0.07% FTSE 250 15,726.48 0.00% UK stocks managed to turn around afte
Read morePanmure upgrades Easyjet to 'buy' after recent weakness
24th Jul 2014 11:34
Recent share-price weakness and a positive third-quarter trading update at Easyjet has prompted Panmure Gordon to lift its stance on the stock from 'hold' to 'buy'. The target price for the shares was left unchanged at 1,800p. The broker said that third-quarter revenue-per-seat growth of 2.7% at c
Read moreLondon open: UK stocks fall as Kingfisher, Easyjet and Unilever disappoint
24th Jul 2014 09:10
- Kingfisher, Easyjet, Unilever disappoint with earnings - Markets still cautious on Ukraine crisis - Economic data on tap, Chinese indicator improves techMARK 2,813.29 -0.36% FTSE 100 6,780.77 -0.26% FTSE 250 15,695.97 -0.19% UK stocks declined on Thursday as a negative reaction to results from K
Read moreThursday broker round-up UPDATE
24th Jul 2014 08:59
Afren: JP Morgan shifts target price from 180p to 188p upgrading from underweight to overweight. Anglo American: Jefferies raises target price from 1550p to 1700p and reiterates a hold recommendation. Antofagasta: Jefferies increases target price from 825p to 1000p upgrading from hold to buy. ARM
Read moreEasyjet anticipates at least 14% jump in annual profits - UPDATE
24th Jul 2014 08:58
Budget airline Easyjet has confirmed its full-year profit will rise at least 14%, in line with City forecasts. The group anticipates its profit before tax for the year to September 30th will come in at between £545m and £570m, up from £478m last year. That came after it posted an 8.6% rise in th
Read moreThursday preview: easyJet reports third quarter results
23rd Jul 2014 15:57
easyJet is expected to report a "relatively reassuring" third quarter update on Thursday despite a recent drop in the share price amid a number of market concerns, according to Numis. The budget carrier's stock has fallen 28% in the past three months on worries including increased capacity in Europ
Read moreLondon open: Stock markets rattled by Malaysia Airlines crash
18th Jul 2014 09:17
- Malaysia Airlines crash rattles equity markets - Ukraine, rebels blame each other for shooting down plane - Bullard says Fed may need to move more quickly to tighten techMARK 2,782.92 -0.58% FTSE 100 6,713.50 -0.37% FTSE 250 15,463.12 -0.58% UK stocks opened firmly in the red on Friday morning a
Read moreTension rises as US suspects Ukrainian rebels over jet crash - UPDATE
18th Jul 2014 07:52
Suspicions that pro-Russian rebels downed a Malaysia Airlines jet rose on Friday, stoking tensions between Russia and the west and hitting the Russian stock market. US President Barack Obama said Friday that Washington believed the Boeing 777 en route to Kuala Lumpur from Amsterdam was hit by surfa
Read moreDunelm appoints Whitbread CEO as new director
17th Jul 2014 08:01
Out-of-town homewares retailer Dunelm has appointed Whitbread boss Andy Harrison as its new Non-Executive Director. Harrison, who has run Costa and Premier Inn owner Whitbread since 2010 and was Chief Executive of airline easyJet before that, will join Dunelm's board on September 1st. "I am very p
Read moreFTSE 100 movers: Meggitt leads risers on bid target rumours
16th Jul 2014 14:55
Aircraft parts maker Meggitt was the standout performer on the FTSE 100, up nearly 10% at 537p amid reports that the company is a potential bid target. The engineer, which makes parts for the Boeing 787 Dreamliner, is said to have attracted the attention of US group United Technologies. According t
Read moreBroker tips: Rio Tinto, easyJet, N Brown
16th Jul 2014 12:19
Broker Liberum has repeated its 'sell' call on Rio Tinto despite admitting that the miner achieved a "solid" second quarter in terms of production. "Rio still looks vulnerable to us in the second half as the impact of sustained higher iron ore production hits the market, with consensus numbers refl
Read moreLondon midday: Chinese and UK data give FTSE 100 a boost
16th Jul 2014 11:58
- Chinese GDP growth picks up to 7.5% - UK unemployment at lowest since 2008 - Meggitt jumps on M&A hopes - Rio Tinto leads miners higher techMARK 2,808.69 +1.03% FTSE 100 6,771.71 +0.91% FTSE 250 15,592.03 +0.98% Stocks in London jumped on Wednesday morning as a surprise pick-up in Chinese growth
Read moreNumis expects "reassuring" Q3 update from easyJet next week
16th Jul 2014 10:33
Numis Securities has maintained a positive stance on the shares of budget airline easyJet, saying that next week's third-quarter update from the firm should reassure investors. "The stock has been under considerable pressure of late (down 28% over three months) with the market concerned about a num
Read moreWednesday broker round-up UPDATE
16th Jul 2014 09:00
Alent: Liberum Capital initiates with a target price of 400p and a buy recommendation. APR Energy: Citi reduces target price from 1350p to 650p and downgrades to neutral. ARM Holdings: FinnCap upgrades from hold to buy with a target price of 1000p. Ashmore Group: Numis ups target price from 350p
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