London close: Stocks rebound as 'Glenstrata' deal pushed through
20th Nov 2012 16:32
- Xstrata shareholders approve merger with Glencore - Hamas official says ceasefire has been agreed - Eurogroup meeting on Greece kicks off in Brussels After a poor start on Tuesday, UK stocks rallied in afternoon trade to finish broadly flat after shareholders approved the merger between FTSE 100
Read moreLondon midday: Markets cautious ahead of Eurogroup meeting on Greece
20th Nov 2012 11:27
Following on from a 2.36 per cent surge yesterday, the FTSE 100 pulled back on Tuesday morning with concerns about the Eurozone being reignited ahead of an extraordinary Eurogroup meeting on Greece scheduled for this evening. Eurozone finance ministers are meeting today in Brussels to discuss wheth
Read moreBroker tips: London Stock Exchange, easyJet, Debenhams
20th Nov 2012 10:25
UBS has said that it still sees 'attractive diversification' and upside potential in the long term at market operator London Stock Exchange (LSE), but has maintained its 'neutral' rating on the shares for now. The broker said: "We view LSE's diversification away from volume related revenue streams
Read moreBroker snap: easyJet a 'buy' after in-line full year, says Nomura
20th Nov 2012 09:51
Nomura has reiterated its 'buy' rating and 650p target price for budget airline easyJet after the firm met expectations with its full-year figures on Tuesday. Profit before tax (PBT) for the year to September 30th came in at £317m, slightly above Nomura's £315m estimate and towards to top-end of pr
Read moreeasyJet profits fuelled by increased margins, passenger numbers
20th Nov 2012 07:21
easyJet has delivered forecast-beating record profits boosted by higher margins and increased passenger numbers. For the year ending September 30th, the budget airline increased total revenues 11.6% to £3.85bn (2011: £3.45bn). Pre-tax profits soared 27.9% to a record £317m (2011: £248m) and pre-tax
Read moreTuesday broker round-up UPDATE
20th Nov 2012 07:17
Beowulf Mining: Seymour Pierce initiates coverage with a buy recommendation and a target price of 18p. Berkeley Group: JP Morgan raises target price from 1616p to 1620p, overweight rating kept. Blinkx: Citigroup downgrades from buy to neutral. Compass Group: Investec raises target price from 740p
Read moreTuesday preview: easyJet and Enterprise Inns
19th Nov 2012 16:30
Full-year results from budget airline easyJet are on the agenda for Tuesday morning, with the group hoping to see its stellar year-to-date share price rise continue. So far in 2012, the stock has increased by 52% to 652p (as of Monday close). The group confirmed last month that its commercial and
Read moreBudget airlines see traffic increase in October
6th Nov 2012 14:36
Budget airlines saw a small boost in traffic figures in October, with easyJet, Aer Lingus and Ryanair all recording year-on-year growth in passengers. The three stocks were performing well on Tuesday afternoon, with easyJet, Aer Lingus and Ryanair gaining 0.3%, 1.4% and 1.3%, respectively. FTSE 25
Read moreWednesday broker round-up - UDPATE
10th Oct 2012 08:22
African Barrick Gold: Nomura cuts target from 670p to 605p, buy rating kept. APR Energy: JPMorgan Cazenove initiates coverage with overweight rating and 1,005p target. ARM Holdings: Credit Suisse initiates coverage at neutral. ASOS: Seymour Pierce keeps hold rating and 1,900p target. Avanti Com
Read moreTuesday broker round-up
9th Oct 2012 09:05
3i Group: Morgan Stanley raises target from 221p to 233p, equal weight rating kept. Aberdeen Asset Management: Morgan Stanley raises target from 315p to 365p, overweigh rating kept. Aggreko: HSBC downgrades to neutral. Alternative Networks: Westhouse upgrades to strong buy. ASOS: Panmure Gordon
Read moreMonday broker round-up - UPDATE
8th Oct 2012 08:03
AMEC: Investec keeps buy rating and 1,300p target. Aquarius Platinum: Panmure Gordon keeps buy rating and 163p target. BAE Systems: Societe Generale upgrades to hold, target lifted from 300p to 350p. British American Tobacco: Nomua raises target from 3,500p to 3,506p, buy rating kept. BSkyB: Nom
Read moreLondon pre-open: Losses expected on concerns over global growth
8th Oct 2012 07:37
City sources predict the FTSE 100 will open down 31 points from Friday's close of 5,871, putting an end to the rally which followed better-than-expected jobs data from the US. However, the positive effect of the good news didn't last long and trading in Asia overnight has been poor. This downturn
Read moreFriday broker round-up
5th Oct 2012 08:19
Anglo American: AlphaValue upgrades from add to buy. Betfair: Panmure Gordon cuts target from 1,000p to 977p, buy rating kept. BHP Billiton: AlphaValue downgrades from add to reduce. Burberry: Morgan Stanley upgrades to overweight, target kept at 1,190p; UBS keeps neutral rating and 1,170p target
Read moreThursday broker round-up - UPDATE
4th Oct 2012 07:57
BHP Billiton: Morgan Stanley cuts target from 2,180p to 2,100p, overweight rating kept. BTG: Deutsche Bank raises target from 384p to 394p, buy rating kept. Capita: Panmure Gordon keeps hold rating and 620p target. Carillion: Seymour Pierce keeps buy rating and 395p target; Panmure Gordon maintai
Read moreLondon close: US data provides a late boost
3rd Oct 2012 16:34
- US services and labour figures lift stocks - Mixed economic data in China, UK and Europe - FTSE 100 finishes up 0.3 per cent The UK benchmark finished with mild gains on Wednesday afternoon after some better-than-expected data from the US managed to brighten the mood, which was dampened earlier b
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