Sunday newspaper round-up: Hong Kong, Air bridges, Vaccine
24th May 2020 13:16
(Sharecast News) - Hong Kong democracy activists yesterday made frantic plans to cover their tracks amid fears of a brutal crackdown by the world's most powerful surveillance state. Many deleted politically sensitive online postings, wiped social media accounts and turned to proxy servers that mask their identities after China announced sweeping national security laws for the territory. - Sunday Times
Read moreSector movers: Cyclicals, banks jump, while precious metals miners retreat
25th Jan 2017 14:47
(ShareCast News) - Cyclicals led the advance, led by Automobile stocks such as GKN and construction outfits like CRH, both of which benefit from bets on an improving world economy, especially in the States. Banks were also higher, boosted by bumper full-year results from Spanish lender Santander, am
Read moreSector movers: Miners rise on Chinese lending data, US dollar weakness
12th Jan 2017 15:00
(ShareCast News) - Mining stocks were again in favour on Thursday as metals´ prices continued to gain in overnight trading on the heels of stronger than expected lending data for Asia´s largest economy and positive newsflow on specific commodities. Continued selling in the US dollar after the Presid
Read moreMerrill Lynch upgrades Spectris and Spirax, prefers Smiths Group
11th Jan 2017 11:40
(ShareCast News) - Engineering shares were boosted by a note from Bank of America Merill Lynch that upgraded Spectris and Spirax-Sarco Engineering but said Smiths Group was its preferred UK name in a sector where investors are looking to rotate towards cyclical stocks. While positive data indicators
Read moreBroker tips: Shire, GKN, IG Group
7th Dec 2016 15:08
(ShareCast News) - UBS downgraded Shire to 'neutral' from 'buy' and cut the price target to 5,000p from 5,600p saying a tougher environment for expensive orphan drugs was likely to constrain performance. This, and other issues such as low return on invested capital and the 2023 Vyvanse patent expiry
Read moreBofA ML upgrades GKN to 'buy' from 'neutral'
7th Dec 2016 13:34
(ShareCast News) - GKN got a boost as Bank of America Merrill Lynch upgraded its stance on the stock to 'buy' from 'neutral' and upped the price target to 365p from 350p. "As we move into 2017, we believe GKN provides one of the strongest earnings growth profiles in the sector, through both organic
Read moreUK trade deficit surges £6bn after ONS admits 'processing error'
6th Dec 2016 12:11
(ShareCast News) - A sizeable error has been found in official UK trade data, such that the third quarter external trade deficit did not narrow to £11bn from £12.7bn as first announced but in fact increased from £9.9bn to £17bn. The Office for National Statistics said it had found a "processing erro
Read moreMonday broker round-up
21st Nov 2016 19:55
(ShareCast News) - Randgold Resources: UBS reiterates buy with a target price of 9750p. AA: Goldman Sachs reiterates buy with a 370p target. Jimmy Choo: Barclays stays at equal-weight with a 140p target. Esure: Barclays reiterates overweight with a 247p target. Easyjet: UBS keeps at buy with a 11
Read moreWednesday newspaper share tips: GKN, St.James´s Place
26th Oct 2016 16:38
(ShareCast News) - GKN continued to outperform its markets over the latest nine-month period and its acquisition of Fokker looks to have been another clever deal, like the purchase of Volvo Aero in 2012, but it´s time to take profits, The Times´s Tempus said. There are also the fruits of its cost-re
Read moreGKN posts growth despite tough trading conditions
25th Oct 2016 07:11
(ShareCast News) - Aerospace and automotive engineering group GKN issued a trading update for the nine months to 30 September on Tuesday, with management sales increasing 21% to £6.9bn, including organic sales growth of 2% - or £151m - in line with expectations. The FTSE 100 company said sales in th
Read moreSector movers: BATS and Hunting weigh on market
21st Oct 2016 15:01
(ShareCast News) - The more cyclical areas of the market, such as steel and mining were clearly in the lead during the final session of the week, buoyed perhaps by news that Chinese home price growth accelerated in September to a 11.2% year-on-year pace from 9.2% in the prior month. Investors in aut
Read moreGKN agrees sale of Stromag for €198m
21st Oct 2016 14:06
(ShareCast News) - Engineering group GKN has agreed the sale of its Stromag business to Altra Industrial Motion for an enterprise value of €198m (£177m). This includes €184m (£164m) in cash and the transfer of debt-like obligations of around €14m (£13m). GKN said the deal, which is expected to take
Read moreSector movers: Defensive issues reel as bond yields back-up
6th Oct 2016 19:13
(ShareCast News) - Cyclicals gained while defensive issues fell back in an overall down market ahead of the release of September´s US non-farm payrolls report the next day. Acting as a backdrop, developed world sovereign bonds dropped to their lowest levels since July as traders continued to react t
Read moreGKN shares rally as HSBC initiates stock at 'buy'
6th Oct 2016 13:16
(ShareCast News) - HSBC initiated its rating on GKN at 'buy' with a target price of 395p on Thursday, saying it believes the automotive and aerospace engineer is a "well-managed, technology-led, high market share business". The bank said GKN has a clear strategy focused on sustainable growth. The de
Read moreSector movers: Construction and aerospace lead advance
4th Oct 2016 15:36
(ShareCast News) - Construction and industrial engineering stocks led the way higher, with shares in aerospace and defence close behind thanks to the favourable tailwind from the pound's depreciation. Activity in the UK construction sector bounced back in September, with Markit's purchasing manag
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