Thursday broker round-up - UPDATE
26th Jan 2012 09:34
Misys: Panmure Gordon cuts target from 335p to 295p, hold rating unchanged; Peel Hunt puts 250p target under review, hold rating kept; Merchant Securities initiates coverage with sell rating and 220p target. Mitchells & Butlers: Panmure Gordon keeps hold and 240p target; Peel Hunt retains hold rati
Read moreLondon open: Miners jump after Fed pledges low rates
26th Jan 2012 08:33
London's blue chip stocks rose in early trading on Thursday, following on from a surge last night on Wall Street after the Federal Reserve pledged to keep the federal funds rate low until late 2014. Meanwhile, Greece is again in focus as talks resume between private creditors and the government. The
Read moreeasyJet revenue surges 16.7%
26th Jan 2012 07:17
Budget airline easyJet reported a 16.7% increase in revenue for the quarter ended 31 December 2011, helped by higher seat prices and the absence of disruptive winter weather. The no-frills airline said total revenue stood at £763m after a strong improvement revenues per seat, which were up 9.2% to
Read moreLondon close: Footsie finishes below best levels
6th Jan 2012 17:17
London closed comfortably below its best levels of the day despite better than expected US jobless data which had some market commentators crying 'foul'. US non-farm payrolls grew by 200,000 during the month of December. The consensus estimate was for a reading of 155,000. Morgan Stanley has sugges
Read moreLondon midday: Man down as CS cuts target price
6th Jan 2012 12:40
After a quiet start, London's leading shares have kicked on a bit, ahead of the release this afternoon of US jobs data for December. The market is expecting US non-farm payrolls to have increased by 150,000 in December, an improvement on November's 120,000 increase. The unemployment rate is tipped
Read moreLondon open: Waiting on US jobs data
6th Jan 2012 08:54
Footsie is barely changed in quiet trading, as traders await this afternoon's release of US jobs data for December. The market is expecting US non-farm payrolls to have increased by 150,000 in December, an improvement on November's 120,000 increase. The unemployment rate is tipped to rise to 8.7% f
Read moreLondon pre-open: FTSE set for flat start
6th Jan 2012 07:37
City sources are once again predicting a flat start for the FTSE 100, which looks set to open barely 10 points up from yesterday's close of 5,624, buoyed slightly by a strong close to US trading last night. No-frills airline easyJet saw a sharp year-on-year increase in the number of passengers ca
Read moreUnderlying increase in easyJet passengers in December
6th Jan 2012 07:04
No-frills airline easyJet saw a sharp year-on-year increase in the number of passengers carried in December, helped by the absence of severe weather conditions this time round. The number of passengers carried rose 13.1% to 4.14m from 3.66m in December 2010. The load factor eased, however, to 85.6%
Read moreWednesday tips round-up: easyJet and Salamander Energy
7th Dec 2011 07:13
The Telegraph's Questor column takes a look at Salamander Energy. The company has significant oil and gas assets in Indonesia, Thailand, Vietnam and Laos and produces up to 19,000 of barrels of oil equivalent per day. However Salamander has failed to make the "transformational" discoveries it has
Read moreFTSE 250 Movers: Electra soars on NAV rise
6th Dec 2011 14:23
Electra Private Equity, the investment trust that invests in private equity ventures, was the biggest riser after it saw an 8.5% rise in net asset value (NAV) per share after a strong portfolio performance during the year ended 30 September. Vehicle hire firm Northgate was also on the rise after it
Read moreeasyJet books 3.4% more passengers in November
6th Dec 2011 07:39
Budget airline easyJet was flying with fuller planes last month, as passenger numbers rose by 3.4%, compared with November last year. Some 3.82m people bought seats with the airline in November, up from 3.69m the year before.The firm's no-refund policy means that passenger figures do not include th
Read moreDL broker talk: Games Workshop, Aegis, Dixons Retail
25th Nov 2011 09:48
Fuller Smith&Turner: "Despite the lack of a landmark acquisition, Fuller's high quality estate is well placed to outperform with its London and South of England geography," -Peel Hunt. Games Workshop: "We are forecasting H1 PBT of £9m vs £6.7m last year, helped by the boost to royalty income. We
Read moreBroker tips: RBS, Lonmin, easyJet
16th Nov 2011 12:05
AlphaValue downgraded its rating on part-nationalised lender Royal Bank of Scotland on Tuesday from buy to add. "All revenue lines were below expectations, while costs were in line and impairment charges slightly above," the broker said. As such, AlphaValue has cut its underlying earnings projecti
Read moreBroker snap: Credit Suisse optimistic at easyJet
16th Nov 2011 12:03
Credit Suisse has reiterated its outperform rating on budget airline easyJet, saying that the "capacity outlook inspires winter confidence". The broker said that capacity cuts at key easyjet bases (including Stansted, Malpensa and Madrid) are encouraging on pricing developments. "We think these cut
Read moreWednesday broker round-up - UPDATE
16th Nov 2011 09:44
Michael Page: HSBC upgrades to overweight from neutral. Reckitt Banckiser: Citi reiterates buy. Cairn Energy: Societe Generale initiates at buy. Royal Bank of Scotland: AlphaValue downgraded to add from buy yesterday and lowered the price target to £24.60from £29.80. ARM Holdings: UBS raises t
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