Sunday newspaper round-up: Renminbi, GSK's pipeline, Brexit worry,
1st Nov 2015 16:08
(ShareCast News) - China's currency, the renminbi, could be promoted to the International Monetary Fund's list of global reserve currencies this week, sending an estimated $1trn (£650bn) of reserves flowing into the yuan. The momentous decision would give fresh impetus to Beijing's reform efforts, t
Read moreTuesday broker round-up
27th Oct 2015 09:16
(ShareCast News) - Apr Energy: Jefferies upgrades to hold, raises target price to 175.00p. Pearson: Credit Suisse downgrades to neutral, cuts target price to 970.00p. Dialight: Peel Hunt Limited downgrades to add, bumps up target price to 650.00p. Entertainment One Limited: Peel Hunt Limited downg
Read moreLondon close: Stocks close higher as ECB leaves door open to more QE
22nd Oct 2015 16:08
(ShareCast News) - London stocks closed higher after earlier declines as the European Central Bank's president fuelled hopes of further stimulus. Mario Draghi said the ECB will re-examine its quantitative easing programme in December and would consider extending €60bn monthly purchases past the plan
Read moreGKN posts flat sales results and warns on fourth quarter outlook
22nd Oct 2015 07:15
(ShareCast News) - GKN has recorded a relatively flat performance for the nine months to 30 September, and said the outlook for the fourth quarter was not rosy. The FTSE 100 engineering firm posted a trading update for the period on Thursday that showed overall sales were up marginally from £5.62bn
Read moreFriday broker round-up
16th Oct 2015 11:48
(ShareCast News) - Icap: Barclays downgrades to equal-weight, cuts target price to 500.00p. Diageo: HSBC starts new coverage with a hold, sets target price at 1830.00p. Centrica: RBC Capital Markets reiterates to outperform, bumps down target price to 280.00p. Gkn: Berenberg Bank reiterates to buy,
Read moreGKN director set to become Smiths Group's CEO
28th Sep 2015 10:25
(ShareCast News) - Engineering giant GKN confirmed on Monday that Andrew Reynolds Smith has stepped down from the board of directors. The FTSE 100 company had first announced Reynolds Smith's departure on 7 July, when it indicated that the outgoing director would become the chief executive of techno
Read moreBroker tips: Hikma Pharmaceuticals, BP, GKN
4th Sep 2015 14:00
(ShareCast News) - Goldman Sachs upgraded Hikma Pharmaceuticals to 'buy' from 'neutral', added the stock to its regional stock 'focus list' and lifted its price target to 2,840p from 2,210p. "We see the acquisition of Roxane Labs as the realisation of large transformational M&A that we had expected
Read moreFTSE 100 movers: Hikma nudges up on Goldman upgrade, miners slide
4th Sep 2015 12:06
(ShareCast News) - London's top-flight index was down 2.2% to 6,059.90 at 1515 BST, extending earlier losses following a weaker-than-expected US nonfarm payrolls report. Hikma Pharmaceuticals nudged a little higher after Goldman Sachs upgraded the stock to 'buy' from 'neutral' and lifted its price t
Read moreGKN shares slump on Investec downgrade
4th Sep 2015 09:40
(ShareCast News) - Shares in engineering group GKN were under pressure after Investec downgraded the stock to 'hold' from 'buy' and slashed its price target to 300p from 370p. "We adopt a more cautious view on the outlook for Driveline and Powder Met's revenue and profit growth to reflect a potentia
Read moreGKN considering sale of Land Systems business amid weak demand
23rd Aug 2015 15:25
(ShareCast News) - Engineering giant GKN is reportedly looking into the potential sale of its £780m Land Systems business as demand for its heavy equipment continues to decline. A disposal of all or part of the division is believed to be being considered as part of a wider informal review, according
Read moreWednesday tips round up: ITV, GKN
29th Jul 2015 11:27
(ShareCast News) - There was a sense of déjà vu about GKN's latest acquisition, The Times' Tempus wrote, as it had similarities to the company's 2012 purchase of Volvo's aero engine division. If the new acquisition, Fokker, proves as successful as Volvo was, the shares are cheap while the prospects
Read moreFTSE 100 movers: RSA rockets, Hikma higher
28th Jul 2015 14:35
(ShareCast News) - London's primary index was holding onto its gain by mid-afternoon on Tuesday, boosted by deals and deal talk. At 1415 BST, the FTSE 100 was up 0.81% to 6,557.62, with only a dozen of the blue chip constituents in the red. As soon as markets opened, RSA Insurance moved to the top
Read moreGKN rallies on acquisition of aerospace supply firm; operating profit beats expectations
28th Jul 2015 08:27
(ShareCast News) - Shares in GKN rose sharply after it announced an agreement to acquire Dutch aerospace supply firm Fokker Technologies Group from Arle Capital for an enterprise value of €706m and posted better-than-expected first-half operating profit. The engineering company, which will fund the
Read moreBroker tips: Barclays, ARM Holdings, GKN, Ocado, Savills
17th Jul 2015 11:50
(ShareCast News) - Investors' faith in the heir designate at Barclays may not be misplaced, quite the contrary, but in the short-term his plans for a "strategic acceleration" means earnings may be even weaker, Investec said. The analyst downgraded the bank's shares to 'sell' from 'hold' and lowered
Read moreLondon open: Focus shifting from Greece to central banks
17th Jul 2015 10:07
(ShareCast News) - Bank Rate might be headed higher sooner than markets expect, Bank of England Governor Mark Carney told an audience last night at Lincoln Cathedral. The central bank chief said: "In my view, the decision as to when to start such a process of adjustment will likely come into sharper
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