Monday broker round-up UPDATE
10th Feb 2014 08:13
Admiral Group: Goldman Sachs downgrades from buy to neutral with a target price of 1440p. APR Energy: Jefferies lowers target price from 1260p to 1250p keeping a buy recommendation. Dialight: N+1 Singer reduces target price from 1227p to 1022p, while leaving its buy recommendation unchanged. Ferr
Read moreSector movers: Metals, financials bear brunt of the sell-off
24th Jan 2014 15:33
Every sector on the UK stock market was either flat or in the red on Friday afternoon as a global rout of equity indices spurred investors to shy away from risk. Rising concerns about a slowdown in China - figures yesterday pointed to a contraction in the manufacturing sector in January - and a sel
Read moreFTSE 250 movers: Insurance companies lead the upside
17th Jan 2014 16:05
Insurance providers esure and Direct Line led today's risers on the second tier index after data showed that the decline in average premiums across the sector eased considerably at the end of 2013. As on the FTSE 100, miners extended yesterday's gains which came after Citigroup lifted its 12-month
Read moreFTSE 250 movers: Ferrexpo hit by UBS rating cut
15th Jan 2014 15:41
Iron ore group Ferrexpo was under pressure today after being cut from 'buy' to 'neutral' by UBS "due to the elevated political risk in the Ukraine". Diploma revealed improved first-quarter revenue but fell after it cautioned that overseas progress was hurt by the strengthening pound. The technical
Read moreLondon midday: FTSE 100 closing in on 6,800 as stocks gain
15th Jan 2014 12:04
- Burberry jumps after Q1 sales growth - Anglo American lifted by UBS upgrade - Credit Suisse prefers life insurers over P&Cs - World Bank raises 2014 growth forecasts techMARK 2,830.56 +0.43% FTSE 100 6,791.80 +0.37% FTSE 250 16,254.51 +0.11% Stocks rose to an eight-month high on Wednesday mornin
Read moreBroker snap: UBS upgrades Anglo American, risk/reward 'more compelling'
15th Jan 2014 09:18
The investment case for Anglo American is improving after the stock's recent weakness, according to UBS on Wednesday, which upgraded the diversified mining firm from 'neutral' to 'buy'. "Anglo has underperformed the other diversified miners by 18% over the last three months, and, in our opinion, t
Read moreLondon open: Burberry lifts FTSE 100 to eight-month high
15th Jan 2014 08:44
- Burberry jumps after Q1 sales growth - Anglo American lifted by UBS upgrade - World Bank raises 2014 growth forecasts techMARK 2,830.00 +0.41% FTSE 100 6,792.24 +0.38% FTSE 250 16,280.74 +0.28% Strong gains from Burberry and Anglo American helped markets higher on Wednesday morning, sending Lond
Read moreWednesday broker round-up UPDATE
15th Jan 2014 08:42
African Barrick Gold: Liberum Capital downgrades to sell with a target price of 147p. Deutsche Bank lowers target price from 190p to 180p, while maintaining a hold recommendation. African Minerals: Deutsche Bank shifts target price from 410p to 414p and maintains a buy recommendation. Amlin: JP Mo
Read moreFerrexpo delivers record production in 2013
8th Jan 2014 08:01
Ukraine-focused iron ore producer Ferrexpo delivered record production volumes in 2013 despite a small dip in output in the final quarter. Total pellet production in the fourth quarter totalled 2.77m tonnes, down 1.3% on third-quarter output of 2.80m tonnes, as growth in lower grade ore (62% Fe) pr
Read moreLondon midday: Mixed manufacturing figures dampen UK markets
2nd Jan 2014 11:40
- Markets pull back after strong end to 2013 - China, UK manufacturing PMIs disappoint - Resources stocks provide a drag on the FTSE 100 - Retailers in focus after mixed corporate updates techMARK 2,780.21 -0.04% FTSE 100 6,720.85 -0.42% FTSE 250 15,925.41 -0.06% Mixed global manufacturing figures
Read moreFriday broker round-up UPDATE
13th Dec 2013 09:36
African Barrick Gold: JP Morgan lowers target price from 180p to 170p leaving its neutral rating unaltered. Aggreko: Numis reduces target price from 1400p to 1234p downgrading from reduce to sell. Anglo American: Deutsche Bank reduces target price from 1780p to 1500p and downgrades to hold. JP Mor
Read moreFTSE 250 movers: Liberum Capital drives Ted Baker higher
3rd Dec 2013 14:59
Liberum Capital comments pushed Ted Baker shares higher after rating them a 'buy'. Betfair climbed after posting earnings rather than losses (before interest, tax, depreciation and amortisation) for the half year, despite revenue falling six per cent. Intellectual property commercialisation firm
Read moreFTSE 250 movers: African Barrick Gold hit by 'sell' rating from Citigroup
2nd Dec 2013 15:47
African Barrick Gold declined after Citigroup restated its 'sell' rating on the mining stock. Looking ahead to 2014, the bank said: "Economic improvement should keep the 'insurance' demand for gold and silver as a commodity subdued, given that credit-crisis nerves are fading," the broker said. Mini
Read moreFTSE 250 movers: Miners march higher, led by Kazakhmys
5th Nov 2013 15:34
Following the trend seen on the top tier index, mining stocks made strong gains, boosted in part by a strong four-month gain in iron ore stocks. They were also helped by yesterday's news that activity in China's services sector in October expanded at its fastest pace in the last year, reinforcing co
Read moreFTSE 250 movers: Miners lifted by Chinese data
4th Nov 2013 15:39
As on the top-tier index, mining stocks were on the rise, buoyed by the upbeat outlook for top metals consumer China. Evraz, Kenmare, Afren, Hochschild and Ferrexpo were among the best performers. Activity in China's services sector in October expanded at its fastest pace in the last year, reinforc
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