Broker tips: ENRC, FirstGroup, Electrocomponents
30th Mar 2012 11:16
Nomura has slashed its forecasts for Eurasian Natural Resources Corp (ENRC) and says that the stock to undeservedly trading at a premium to its peers. The broker claims that ENRC's international expansion strategy has faced "significant challenges" over the last two years, even though it has spend
Read moreBroker snap: UBS cuts target for FirstGroup
30th Mar 2012 11:14
UBS has maintained its relatively cautious view on transport firm FirstGroup, after a gloomy pre-close trading update yesterday, which saw the stock tank. Shares fell by as much 16% on Thursday after the group said that lower economic activity in the north of England is putting pressure on its UK B
Read moreFriday broker round-up
30th Mar 2012 10:12
Cranswick: Investec lifts target to 870p and remains a buyer; Peel Hunt ups target from 750p to 800p, hold rating kept. Electrocomponents: Peel Hunt raises target from 180p to 225p but maintains sell recommendation. ENRC: Nomura slashes target from 750p to 700p and keeps reduce stance. FirstGroup
Read moreLondon close: Eurozone worries dampen UK stocks
29th Mar 2012 16:35
- Stocks dragged down by Eurozone concerns - International Power receives approach from GDF Suez - FirstGroup plummets after gloomy update London's FTSE 100 index sank to its lowest levels of the day by the close of trade on Thursday with Eurozone worries once again in focus as bond yields in Italy
Read moreFTSE 250 movers: Bwin.party jumps on good results
29th Mar 2012 15:11
Online gaming firm bwin.party digital entertainment leapt into the top spot after it posted a robust set of full year earnings and believes it is well placed to take advantage of regulatory and technological shifts in its industry. Private equity investment firm 3i was another big riser after it re
Read moreLondon midday: Footsie drops to three-week low
29th Mar 2012 11:36
- GDF looks to buy remaining stake in Int'l Power - Imperial has smoking second quarter - Travel groups drop on the FTSE 250 London's blue chips had sank by midday, falling well below the 5,800 level after earlier strength in the mining sector faded. The FTSE 100 has not closed under this level in
Read moreDoT announces rail franchise bidders
29th Mar 2012 10:34
The Department of Transport has announced the runners and riders for the three rail franchises it has up for renewal. In total, 13 companies are waiting on the platform to learn whether they have won the right to operate one or more of the three franchises: the Great Western, Thameslink and Essex T
Read moreLondon open: Footsie flat despite mining strength
29th Mar 2012 09:23
- Miners rise strongly, led by Rio - Imperial has smoking second quarter - FirstGroup drops on the FTSE 250 It was a cautious start for UK stocks, with London's blue chip index trading flat early on, not far off the 5,800 level. The FTSE 100 has not closed below this level in over three weeks. Ey
Read moreFirstGroup plummets as UK Bus flounders in the north
29th Mar 2012 07:40
Transport firm FirstGroup says lower economic activity in the north of England is putting pressure on its UK Bus business but North American operations are progressing. The group says like-for-like revenues in UK Bus, in the 12 months to the end of March, will be 1.5% ahead of 2010-2011. The North
Read moreFirstgroup sells bus station to Go-Ahead Group
19th Mar 2012 15:50
Firstgroup has sold its Northumberland Park bus depot in North-East London to Go-Ahead Group plc for a gross consideration of 14m pounds. The depot operates 130 vehicles on 13 routes which, together with around 400 employees, will transfer to Go-Ahead on March 30th. Tim O'Toole, Chief Executive of
Read moreWednesday broker round-up
14th Mar 2012 10:02
Antofagasta: Fox-Davies upgrades from sell to hold, target lifted from 1,121p to 1,197p. AZ Electronic Materials: Goldman Sachs upgrades from buy to conviction buy, target raised from 380p to 440p. Close Brothers: UBS raises target from 690p to 750p, neutral rating kept. Computacenter: UBS raises
Read moreStagecoach to buy FirstGroup's North Devon bus business
12th Mar 2012 17:14
Stagecoach is hoping to buy FirstGroup's North Devon bus operations, the FTSE 250 transport groups announced on Monday afternoon. The deal, which still subject to clearance by the Office of Fair Trading, is worth £2.8m. "We believe our acquisition of the North Devon business would deliver a more
Read moreBroker tips: Transport stocks, Misys, easyJet
26th Jan 2012 11:29
Nomura has downgraded its rating on the 'European Industrial Transportation' sector from bullish to neutral, saying that it expects slow growth or even no growth from stocks this year. In its summary of the sector, Nomura said: "with the outlook for volume growth finely balanced between sub-trend g
Read moreBroker snap: Nomura cautious about transport stocks
26th Jan 2012 10:07
Nomura has downgraded its rating on the 'European Industrial Transportation' sector from bullish to neutral, saying that it expects slow growth or even no growth from stocks this year. The broker highlights the following three trends: sub-trend volume growth to continue; tough comps in the early mo
Read moreThursday 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
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