Monday broker round-up - UPDATE
28th Jan 2013 08:04
Amino Technologies: Northland Capital takes price target from 75p to 80p reiterating a buy recommendation. Anglo American: Deutsche Bank shifts target price from 2230p to 2200p and retains a buy recommendation. Anite: Panmure Gordon increases target price from 165p to 170p and maintains a buy rati
Read moreeasyJet Chairman to step down this summer
28th Jan 2013 07:10
Sir Mike Rake, the Chairman of budget airline easyJet, is to step down from the board this summer, the company said on Monday morning. In a press release that confirmed earlier weekend reports, easyJet said that Rake has agreed to stay in his post until a successor is found to ensure a smooth hand
Read moreMonday newspaper round-up: easyJet, Bumi, LIBOR...
28th Jan 2013 06:55
Budget airline EasyJet will confirm to the stock exchange this morning that City grandee Sir Michael Rake is quitting as the firm's chairman this summer after three years of crossfire with major shareholder Sir Stelios Haji-Ioannou. However, it is understood that the EasyJet board will suggest the d
Read moreSunday newspaper round-up: Barclays, Carney, BP
27th Jan 2013 16:23
Barclays is planning a swoop on the financial markets to raise billions of pounds of new capital ahead of a showdown with the Bank of England. Sources close to the bank say it could launch the move within weeks to kill off questions about its financial strength. All Britain's banks are on edge as th
Read moreLondon close: Markets shrug off poor GDP to finish higher
25th Jan 2013 16:25
The FTSE 100 managed to finish the last session of the weak with small gains as traders shrugged off this morning's disappointing UK growth figures. "Weak UK GDP data for Q4 failed to temper enthusiasm for risk as the FTSE pushed on again, though end of week profit-taking has put a cap on gains thi
Read moreFTSE 250 movers: easyJet rises on UBS upgrade
25th Jan 2013 16:00
Shares in budget airline easyJet were higher after UBS raised its rating to 'buy' after yesterday's better-than-expected first-quarter results. The broker said that growth is gaining momentum with the company 'becoming more positive on 1H performance'. United Drug was higher, despite Investec init
Read moreLondon midday: Markets flat despite disappointing GDP figures
25th Jan 2013 11:42
The FTSE 100 was broadly unchanged by Friday lunchtime, shrugging off a disappointing reading of UK gross domestic product (GDP) growth, as the index was able to hold on to four-and-a-half-year highs. London's benchmark index surged by over one per cent on Thursday following some better-than-expect
Read moreLondon open: Stocks flat ahead of UK GDP data
25th Jan 2013 08:39
The FTSE 100 opened broadly flat on Friday morning as traders became nervous ahead of a fourth-quarter reading of UK gross domestic product (GDP) growth in the UK. "European markets opened cautiously today as a lack of corporate data due today provided bulls with an excuse to take profits amidst so
Read moreFriday broker round-up UPDATE
25th Jan 2013 07:03
Aberdeen Asset Management: Goldman Sachs upgrades to buy with its target price at 360p. APR Energy: JP Morgan lowers target price from 1005p to 950p, while its overweight rating is left unchanged. Brooks Macdonald Group: Numis ups target price from 1400p to 1470p and retains a hold recommendation.
Read moreLondon close: Footsie jumps one per cent as economic data impresses
24th Jan 2013 17:09
Better-than-expected economic data lifted the FTSE 100 over one per cent higher on Thursday afternoon, as markets shrugged off disappointing results from the world's largest technology company, Apple. American jobless claims and a US manufacturing survey from Markit came in better than forecasts to
Read moreFTSE 250 movers: Chemring rises on full-year results
24th Jan 2013 15:36
Defence tech group Chemring was on the rise after presenting its full-year results. While the company recorded a sharp drop in profits, they were in line with expectations which 'counts as a positive given the recent history', according to analysts at Investec. Transport firm FirstGroup rose after
Read moreLondon midday: Markets boosted by economic data from Europe and China
24th Jan 2013 11:20
London's benchmark index was registering decent gains by Thursday lunchtime as earlier concerns about disappointing earnings from Apple were outweighed by better-than-expected economy data from Europe and China. Investors began today's session in a cautious fashion with the FTSE 100 struggling to
Read moreBroker tips: easyJet, Chemring, Darty
24th Jan 2013 11:03
Credit Suisse has hiked its target price for easyJet from 884p to 1,000p after raising its full-year profit forecasts following the budget airline operator's first-quarter results. However, a 'neutral' rating has been kept. Credit Suisse said: "Trading momentum has remained strong into winter, and
Read moreBroker snap: Credit Suisse hikes easyJet forecasts after Q1 beat
24th Jan 2013 09:27
Credit Suisse has hiked its target price for easyJet from 884p to 1,000p after raising its full-year profit forecasts following the budget airline operator's first-quarter results. Constant-currency revenue per seat (RPS) rose by 8.0% in the first quarter, ahead of Credit Suisse's +5.0% forecast, w
Read moreLondon open: Markets flat as Apple disappoints
24th Jan 2013 08:26
UK stocks opened broadly flat on Thursday morning as a disappointing earnings report from the world's largest technology company weighed on sentiment early on. US tech titan Apple saw shares tumble after the closing bell in New York last night after its fiscal first-quarter results missed forecasts
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