FTSE 250 movers: Evraz lifted by sale completion, rising metal prices
4th Apr 2014 15:26
Evraz was a strong riser after announcing that it has finalised the sale of its wholly-owned subsidiary Evraz Vitkovice Steel (EVS) to a group of investors for a gross consideration of 89m dollars. Rising metal prices also provided a lift. Man Group was given a leg up by JP Morgan after it moved i
Read moreFriday broker round-up UPDATE
4th Apr 2014 10:07
African Minerals: Deutsche Bank reduces target price from 382p to 335p, while its buy recommendation remains unchanged. Arrow Global: Canaccord Genuity moves target price from 309p to 318p and keeps a buy recommendation. Ashmore Group: JP Morgan takes target price from 344p to 351p and maintains a
Read moreThursday broker round-up UPDATE
3rd Apr 2014 09:05
Associated British Foods: Citi increases target price from 2350p to 3000p, while its neutral rating remains unchanged. Booker Group: Investec shifts target price from 172p to 178p retaining a buy recommendation. BSkyB: HSBC Holdings moves target price from 600p to 610p, while keeping its underweig
Read moreThursday tips round-up: First Group, Green Dragon Gas
3rd Apr 2014 07:38
First Group seems to be in decent shape, given that it has four contract renewals and bids for new franchises coming up. Also, its British bus division continues to grow steadily, with like-for-like sales rising by two per cent over the last year. Meanwhile, its rail division saw revenue growth of n
Read moreBroker tips: Glaxo, Centrica, FirstGroup, ASOS
2nd Apr 2014 12:17
Panmure Gordon has said that the disappointing outcome of GlaxoSmithKline's (GSK) clinical trial for its therapeutic cancer vaccine MAGE-A3 is already priced into the stock. Panmure said that MAGE-A3 could have been one of the "three particularly transformative pipeline opportunities". However, giv
Read moreBuy FirstGroup despite 'bumps in the road', says Investec
2nd Apr 2014 11:19
Investec continued to recommend investors to 'buy' shares of transport firm FirstGroup but has admitted there are 'bumps in the road'. In a trading update on Wednesday ahead of its full-year results, the FTSE-250 firm said overall operating profit is in line with expectations for the year, excludin
Read moreWednesday broker round-up UPDATE
2nd Apr 2014 08:48
Aberdeen Asset Management: Canaccord Genuity reduces target price from 540p to 460p, while its buy recommendation is kept. Anglo American: JP Morgan ups target price from 1260p to 1300p, while leaving its underweight rating unchanged. Aviva: JP Morgan raises target price from 528p to 570p maintain
Read moreLondon pre-open: Stocks to slip marginally lower early on
2nd Apr 2014 07:39
UK stocks are expected to inch lower in early trading following yesterday's strong gains, ignoring a positive performance seen in both the US and Asia overnight. City sources predict the FTSE 100 will open around five points lower than yesterday's close of 6,652.61. US stocks finished strongly on
Read moreFirstGroup hit by severe weather conditions
2nd Apr 2014 07:04
- Severe weather, exchange rate hurts Greyhound and First Student - Good progress at UK Bus and Rail - Profit on track for full-year Transport firm FirstGroup said it delivered good performances in four of its divisions, partially offset by slower progress in First Student, and is broadly on trac
Read moreBoA Merrill Lynch downgrades FirstGroup
1st Apr 2014 15:29
Analysts at Bank of America Merrill Lynch downgraded FirstGroup to 'neutral' ahead of Wednesday's pre-close statement, around which it foresees some shorter-term risk. The broker said the pre-close results were likely to show a difficult fourth quarter, with bad weather and swings in the US/GBP ex
Read moreFTSE 250 movers: Heritage Oil, Amec, FirstGroup, Xaar
1st Apr 2014 14:02
Heritage Oil, which explores and produces oil and gas in Russia, advanced after Moscow ordered a partial withdrawal of troops near the eastern border of Ukraine. The move soothed concerns over the turmoil surrounding Russia's takeover of Crimea from Ukraine. Mining engineer Amec gained after China'
Read moreFTSE 250 movers: Partnership Assurance shares recover
26th Mar 2014 14:24
Partnership Assurance rose strongly today as the annuity provider climbed alongside others in the sector following last week's major sell-off which came on the back of the government's decision to bin compulsory annuities for pensioners. Just Retirement Group also made strong gains. Online gaming
Read moreWednesday broker round-up UPDATE
26th Mar 2014 08:51
Aberdeen Asset Management: Citi reduces target price from 455p to 390p and stays with its neutral rating. Acta: Cantor Fitzgerald places both its target price (prev.: 16p) and its buy recommendation under review. Alliance Pharma: Numis shifts target price from 38p to 39p upgrading to add. APR Ene
Read moreBroker tips: Pearson, Meggitt, Ophir Energy, Investec, FirstGroup
21st Mar 2014 11:41
Credit Suisse has lowered its target price for publishing group Pearson from 1,410p to 1,260p after last month's profit warning, but said that the downgrade cycle is now over as it maintained an 'outperform' rating on the stock. It said that 2014 will be a "trough year" for Pearson's earnings and
Read moreInvestec upbeat about FirstGroup turnaround
21st Mar 2014 11:13
Investec highlighted 'speed bumps to look for' in FirstGroup's trading update next month, but has reiterated a 'buy' recommendation for transport firm. Analyst John Lawson said: "FirstGroup's trading updates are events we anticipate with some trepidation (due to a poor track record), but could the
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