Thursday broker round-up UPDATE
2nd Oct 2014 10:11
BAE Systems: Investec downgrades from hold to sell with a target price of 430p. British Sky Broadcasting: Credit Suisse ups target price from 600p to 630p and reiterates an underperform rating. Cobham: Investec lowers target price from 290p to 280p and stays with its reduce rating. Consort Medical
Read moreFTSE 250 movers: Afren leads risers as Ferrexpo continues to slide
1st Oct 2014 14:39
Afren was rising strongly after it late on Tuesday released a statement saying its ongoing independent review had found no further evidence relating to the receipt of unauthorised payments. The review is expected to be completed by mid-October. Countrywide climbed after announcing plans to accelerat
Read moreTuesday broker round-up UPDATE
30th Sep 2014 09:50
Aberdeen: Goldman Sachs ups target price from 540p to 560pp retaining a buy recommendation. African Barrick Gold: Deutsche Bank moves target price from 270p to 280p and reiterates a hold recommendation. Investec lowers target price from 260p to 258p, while upgrading to buy. African Minerals: Invest
Read moreFTSE 250 movers: CSR rises after Microchip Tech deadline extended
25th Sep 2014 14:34
Shares in electronics group CSR were given a lift as the UK takeover panel extended the deadline for US suitor Microchip Technology to complete its bid negotiations. The previous deadline of 25 September has now been pushed back to 15 October. Oil and gas group Cairn Energy was higher after announci
Read moreTuesday broker round-up UPDATE
23rd Sep 2014 09:36
AVEVA: JP Morgan reduces target price from 2450p to 1825p, while leaving its overweight rating unchanged. African Minerals: Credit Suisse reduces target price from 120p to 25p, while leaving its neutral rating unchanged. Aviva: Goldman Sachs ups target price from 490p to 515p and reiterates a neutr
Read moreSector movers: Evraz, Ferrexpo lead industrial miners higher on Ukraine hopes
3rd Sep 2014 16:00
Peace talks in Ukraine were giving the industrial metals and mining sector in London a big boost on Wednesday. Steel group Evraz and iron ore producer Ferrexpo, which both have assets eastern Europe, were among the best performers in the sector, up over 5% and 3% in afternoon trade, respectively.
Read moreFTSE 250 movers: Redrow joins housebuilder slide despite strong results
2nd Sep 2014 14:36
Housebuilders were among the worst performing stocks on the FTSE 250 on Tuesday afternoon as rate-hike speculation continued to dominate sentiment. Data released earlier in the session showed that UK construction activity reached a seven-month high in August. Redrow was even in the red despite beat
Read moreThursday broker round-up UPDATE
7th Aug 2014 09:42
Afren: Oriel cuts target price from 145p to 125p, while upgrading from hold to buy. Canaccord Genuity moves from hold to a speculative buy with a target price of 120p. Aggreko: Morgan Stanley raises target price from 1300p to 1350p, while leaving its underweight rating unaltered. Clinigen: N+1 Sin
Read moreLondon open: UK stocks drop as Ukraine crisis intensifies
6th Aug 2014 09:10
- Russia builds up troop numbers along border - German factory orders slump 3.2% - Ex-div stocks fall, Sage rises after appointing new CEO techMARK 2,728.84 -0.47% FTSE 100 6,646.91 -0.53% FTSE 250 15,263.85 -0.57% UK stocks dropped on Wednesday morning as heightened geopolitical tensions hit risk
Read moreFerrexpo's H1 profits surge as weak Ukrainian currency lowers costs
6th Aug 2014 08:30
Ukraine-focused iron ore group Ferrexpo delivered a strong jump in profits in the first half despite the wider geopolitical crisis, with its bottom line helped by the devaluation of the local currency. The company, whose facilities are located in the central Ukrainian region of Poltava, said that i
Read moreFTSE 250 movers: AO World shares extend drop despite solid Q1
17th Jul 2014 15:27
AO World shares dropped on Thursday after the kitchen appliances retailer despite a seemingly strong first-quarter update with like-for-like sales up 30% as analysts cited concerns about the company launch in Germany later this year. Retail Analyst Nick Bubb said that the expansion into German is
Read moreFerrexpo still on track for 12m tonne production rate in H2
7th Jul 2014 14:07
Iron ore pellet producer Ferrexpo posted a 2.5% climb in first half own ore production levels, keeping it on track to deliver an annualised production rate of 12m tonnes in the second half. Pellet production from own ore increased from 5.1m to 5.2m, although dropped 7.9% to 2.5m from the first qua
Read moreSector movers: Evraz lifts industrial metals higher
4th Jul 2014 15:48
A surge in the share price of steel group Evraz helped the industrial metal and mining sector to the top of the pile on an otherwise quiet trading session in London. While markets were subdued on the whole, with analysts citing low volumes due to a public holiday in the States, Evraz shares were 5.
Read moreFriday broker round-up UPDATE
13th Jun 2014 09:23
African Minerals: Deutsche Bank reduces target price from 316p to 249p maintaining a buy recommendation. Atkins: Numis ups target price from 1650p to 1700p and keeps a buy recommendation. JP Morgan reduces target price from 1619p to 1548p and reiterates its overweight rating. Ferrexpo: Deutsche Ba
Read moreSector movers: Defensive stocks fall as US data boosts risk appetite
6th Jun 2014 14:17
Consumer-staple stocks were bearing the brunt of an increase in risk appetite on Friday as decent economic data from the States lifted sentiment. The all-important monthly US non-farm payrolls report, which has partly prompted investor caution over the past few sessions in London, came in ahead of
Read more