Wednesday preview: Hays, Millennium and Copthorne, house builders, BoE minutes
21st Feb 2012 17:08
Recruitment firm Hays could slice the dividend when it announces interim figures on Wednesday. Charles Stanley reckons the interim divi will be rebased - City code for "reduced" - to a penny from 1.85p last year. "Unfortunately, for shareholders, the dividend is probably no longer affordable and
Read moreACS/Galliford Try consortium in running for bridge contract
20th Feb 2012 11:49
Spanish construction company ACS was selected as a finalist for the construction and operation of a bridge in the United Kingdom. The deal is valued at €840m. In alliance with German subsidiary Hochtief and the Galliford Try group, ACS competes against another consortium consisting of the Spanis
Read moreFriday broker round-up -UPDATE
17th Feb 2012 09:09
Ashmore: HSBC downgrades to underperform from neutral. Schroders: Citi downgrades to sell from neutral. Barclays: AlphaValue downgrades to reduce from add and lowers target to 243.9p from 283.4p. Tesco: Nomura reduces target from 500p to 430p, buy rating unchanged. InterContinental Hotels: UBS
Read moreFTSE 250 movers: African Barrick Gold shines
27th Jan 2012 15:18
Gold miner African Barrick Gold led the risers on the second-tier index after hiking its previous resource estimate fourfold for the Tusker deposit at the Nyanzaga Project in Tanzania. Shares of Internet and catalogue home shopping specialist N. Brown were also wanted after UBS upgraded its rating
Read moreLondon pre-open: Stocks to start the week higher
23rd Jan 2012 07:22
City sources predict the FTSE 100 will open up 10 points from Friday's close of 5,728, following on from the US where stocks ended last week at the day's high on optimism of a possible Greek agreement. Oilfield support services provider Hunting said results for 2011 are set to be above market expe
Read moreGalliford Try wins £40m of infrastructure projects
23rd Jan 2012 07:02
Housebuilding and construction firm Galliford Try has been awarded three infrastructure projects worth a total of £40m, the firm said on Monday. Its Scottish construction division Morrison Construction, has secured a £17m contract with Scottish Water through a joint venture for the second phase of
Read moreThursday tips round-up: Galliford Try and Sainsbury
12th Jan 2012 06:51
House builder Galliford Try has gained a whopping 52% in the last 12 months, catching the eye of Tempus in The Times. The impressive price performance has come, says Tempus, on the back of a gamble on land prices in 2009 when the company raised £120m to go on a buying spree, mainly in the south and
Read moreWednesday broker round-up - UPDATE
11th Jan 2012 08:56
Unilever: Bank of America Merrill Lynch downgrades to underweight from neutral. Aggreko: Credit Suisse downgrades to neutral from outperform. Capita: Citi upgrades to buy from neutral. Reckitt Benckiser: Morgan Stanley upgrades to overweight from neutral. Rentokil: RBC upgrades to top-pick fr
Read moreGalliford Try enjoys southern comfort
11th Jan 2012 07:45
Construction firm Galliford Try had a strong second half to 2011, and is on track to meet expectations for the financial year. During the period Galliford saw a 59% increase in the number of total house build completions to a record 1,352. With its joint venture partners' share of completions stri
Read moreTuesday broker round-up - UPDATE
10th Jan 2012 09:15
Cairn Energy: Oriel upgrades to add from hold. Tesco: Bank of America Merrill Lynch downgrades to neutral from buy. Marks & Spencer: Panmure Gordon reiterates hold and 307p target; Peel Hunt maintains hold and 350p target. Barclays: UBS cuts target from 215p to 199p, neutral rating unchanged. R
Read moreBroker tips: Galliford, Ericcson, Vestas
4th Jan 2012 13:39
Analysts at Nomura are this morning commenting on the 'read across' for communication equipment providers from Acme Packet´s profit warning yesterday. They comment that their top picks in their coverage universe are Ericsson and Cisco. Regarding Cisco, they believe that it is heading toward a pe
Read moreFTSE 250 Movers: Domino's leads the way
4th Jan 2012 12:53
Domino's Pizza was flying high despite seeing a slow-down in year-on-year like-for-like (LFL) sales growth in the final quarter of 2012, as expected. The stock was boosted by the company's reassurance it is on target to meet full-year profit expectations. In the 13 weeks to December 25, LFL sales r
Read moreBroker snap: Panmure Gordon still bullish on Galliford Try
4th Jan 2012 12:27
Analyst Rachael Waring at Panmure Gordon has today issued a very positive note on construction and house building group Galliford Try. In her own words, "In January 2011 we picked Galliford Try as our 'Stock of the Year'. "Since then, the shares have risen by 50% and paid the largest dividend in t
Read moreWednesday broker round-up - UDPATE
21st Dec 2011 08:51
HSBC: Investec reiterates buy with 800p target. Barclays: Investec reiterates buy with 330p target. Tesco: Nomura maintains buy rating and 500p target. AstraZeneca: Nomura keeps reduce recommendation and 2,400p target. Thorntons: Investec puts 35p target under review, hold rating kept; Merchant
Read moreBroker tips: Petrofac, Carpetright, UK house-builders
13th Dec 2011 12:34
Investec has reiterated its buy rating on oilfield services giant Petrofac, following the group's pre-close trading update in which it said it expects to deliver like-for-like (LFL) profit growth in 2011 of at least 20%. "Petrofac continues to make good progress on all fronts and we maintain our po
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