Alent non-exec rapidly grows holding with three share purchases
21st Nov 2013 16:22
Lars Forberg, a Non-Executive Director of Alent, this week topped up his stake in the company with three rounds of share purchases. The group, which supplies consumable specialty chemicals and engineered materials, reported that Forberg bought 49,000 shares at 311p for £152,390 on November 18th, fo
Read moreThursday broker round-up UPDATE
14th Nov 2013 09:21
Afren: Goldman Sachs moves target price from 260p to 270p and retains its strong buy recommendation. APR Energy: Citi raises target price from 1250p to 1350p reiterating a buy recommendation. Atkins: Investec places both its target price (prev.: 1025p) and its reduce rating under review. Babcock
Read moreBroker snap: Reasons to be optimistic at Fenner, says Jefferies
13th Nov 2013 16:08
Shares in polymer manufacturer Fenner raced ahead on Wednesday after the company unveiled better-than-expected annual results, with Jefferies providing a boost after maintaining its positive view on the stock. The broker said that there are "reasons to be optimistic in some areas" despite the chall
Read moreFTSE 250 movers: Fenner in the red after profits slide
13th Nov 2013 15:53
Reinforced polymer technology firm Fenner reported a sharp drop in full-year pre-tax profit, after reporting difficult trading conditions in the first half, but said its performance improved strongly in the second half as sentiment picks up. The maker of industrial belting products pre-tax profits
Read moreWednesday broker round-up
13th Nov 2013 12:33
AMEC: Credit Suisse downgrades from outperform to neutral with a target price of 1250p. Antofagasta: Alphavalue lowers target price from 1000.6p to 999.5p, while upgrading from add to buy. Associated British Foods: Credit Suisse raises target price from 1850p to 2250p and keeps a neutral rating.
Read moreFenner full-year profit slides, upbeat outlook
13th Nov 2013 08:48
- Annual pre-tax profit slides 23 per cent - Improved sentiment in Australian and US mining sector - Final dividend raised to 7.5p Reinforced polymer technology firm Fenner reported a sharp drop in full-year pre-tax profit, after difficult trading in the first half, but said its performance improv
Read moreThursday broker round-up UPDATE
19th Sep 2013 08:20
ASOS: Canaccord Genuity increases target price from 3400p to 6200p and upgrades to buy. Associated British Foods: Jefferies raises target price from 1650p to 1750p and retains a hold recommendation. Barclays: Alphavalue upgrades from add to buy with a target price of 344.20p. BHP Billiton: Nomura
Read moreWednesday broker round-up UPDATE
18th Sep 2013 08:28
African Minerals: Canaccord Genuity reduces target price from 410p to 330p, while its buy recommendation remains unaltered. Amlin: Goldman Sachs moves target price from 405p to 420p and reiterates a neutral rating. Andor Technology: Investec takes target price from 360p to 410p leaving its buy rec
Read moreWednesday broker round-up UPDATE
11th Sep 2013 08:14
Advanced Medical Solutions: Panmure Gordon moves target price from 90p to 102p and reiterates a buy recommendation. Amara Mining: Numis shifts target price from 40p to 45p retaining its buy recommendation. Anite: Numis cuts target price from 155p to 128p and downgrades to hold. Ashmore Group: Ban
Read moreWednesday tips round-up: Ashmore, Fenner
11th Sep 2013 07:29
Emerging markets and emerging market debt-focused fund manager Ashmore quipped in its full-year results statement that the swings in investor sentiment towards such investments are "myopic". Its institutional clients, about 90 per cent of the total by value, are prepared to take a longer view, the f
Read moreFTSE 250 movers: Ashmore rises on record subscriptions
10th Sep 2013 14:39
Record subscriptions helped emerging markets asset manager Ashmore to drive strong net inflows into its funds in the year to June, giving the share price a boost today. Strong net inflows of $13.4bn led to a 22% increase in assets under management (AuM) to $77.4bn during the year, with average AuM
Read moreTuesday broker round-up UPDATE
10th Sep 2013 08:17
African Barrick Gold: Investec shifts target price from 135p to 137p, while downgrading from hold to sell. Aquarius Platinum: JP Morgan moves target price from 39p to 49p, while downgrading from neutral to underweight. Citi lowers target price from 66p to 54p and downgrades from buy to neutral. As
Read moreLondon pre-open: Stocks seen higher as concerns over Syria intervention ease
10th Sep 2013 07:24
Markets are expected to open firmly higher on Tuesday morning, taking their cue from a strong finish on Wall Street last night, on the back of easing concerns about an imminent US military intervention in Syria. City sources predict the FTSE 100 will open up 32 points from yesterday's close of 6,5
Read moreFenner results to meet expectations after successful year end
10th Sep 2013 07:03
British manufacturer of industrial belting products, Fenner, on Tuesday told investors that following a 'successful end' to its financial year, its results were expected to be in line with expectations. It said that its balance sheet remained strong, with net debt levels better-than-expected at ar
Read moreFTSE 250 movers: Fenner, DCC, Chemring, Rank Group
19th Jul 2013 13:02
British manufacturer of industrial belting products, Fenner, rose to the top of the leaderboard after analysts at Citgroup reaffirmed a 'buy' rating for the stocks. The company said revenue and earnings were in line with its expectations in a trading update for the period from March 1st to July 17th
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