Tuesday broker round-up UPDATE
21st Oct 2014 08:50
African Barrick Gold: JP Morgan cuts target price from 340p to 300p and stays with its overweight rating. Anglo American: JP Morgan raises target price from 1240p to 1310p, while leaving its underweight rating unchanged. Investec increases target price from 1573p to 1603p and stays with its buy reco
Read moreLondon open: UK stocks flat on mixed earnings, Chinese data
21st Oct 2014 08:28
UK stocks fluctuated in early deals on Tuesday as investors gave a mixed reaction to a wave of blue-chip corporate earnings. London's FTSE 100 index was just 0.1% higher at 6,275 within the opening hour, with shares of ARM Holdings and GKN rising strongly and Reckitt Benckiser, Intercontinental and
Read moreLondon pre-open: FTSE to register modest gains after strong US finish, weaker Chinese GDP
21st Oct 2014 07:40
City sources predict the FTSE 100 will open around seven points higher than Monday's close of 6,267.07. At 7.3%, Chinese third quarter GDP came in slightly above expectations, but this was lower than the 7.5% seen in the previous quarter, adding to concerns about the state of the Chinese economy as
Read moreGKN sees lower Q4 growth and currency headwinds
21st Oct 2014 07:30
Aerospace and automotive engineer GKN reported higher third quarter profit but forecast lower growth for the rest of the year, particularly in automotive markets, and said the strong pound would hit results, although the group "continues to expect 2014 overall to show another year of progress." GKN
Read moreFTSE 100 movers: Shire leads downside after Abbvie calls on shareholders to abandon takeover bid
16th Oct 2014 16:35
Shire, which dropped 22% on Wednesday after Abbvie said it was reconsidering its bid for the firm, was down by a further 8% after the US group advised shareholders vote against the takeover due to changes in the US tax law. Abbvie said that these changes had introduced "an unacceptable level of unce
Read moreThursday broker round-up UPDATE
16th Oct 2014 08:57
Afren: Investec cuts target price from 195p to 120p and reiterates its hold recommendation. Amerisur Resources: Investec lowers target price from 75p to 65p and maintains a buy recommendation. Antofagasta: UBS upgrades from sell to neutral with a target price of 710p. ARM Holdings: Credit Suisse r
Read moreMonday broker round-up UPDATE
13th Oct 2014 09:32
Amino Technologies: Northland Capital upgrades to buy with a target price of 100p. Anglo American: Canaccord Genuity initiates with a target price of 1720p and a buy recommendation. Credit Suisse upgrades to outperform with a target price of 1800p. Associated British Foods: Societe Generale upgrade
Read moreBroker tips: GKN, Tesco, IAG
8th Oct 2014 17:38
Tesco's stock was back on investors' shopping lists again on Wednesday after HSBC upgraded its rating on the UK grocer from 'underweight' to 'neutral' and lifted its target price from 175p to 195p. Though sentiment is still fragile after a string of profit warnings and an accounting scandal at the s
Read moreGKN should weather economic downturn, says Westhouse
8th Oct 2014 11:58
Aerospace and automotive group GKN should be able to weather any impact on its car parts business of economic weakness in Europe, according to Westhouse Securities. Westhouse analysts, who met investor relations executives from the company on Tuesday, said they left feeling encouraged about its m
Read moreLondon midday: Ebola fears, macro concerns hit UK stocks
8th Oct 2014 11:34
Fears about a possible Ebola outbreak in Europe and continued concerns about the global economy were weighing on UK stocks on Wednesday. The FTSE 100 was down 0.3% at 6,475 by around midday with cyclical stocks and airlines providing a drag. Risk appetite was also being held back by nervousness ahe
Read moreLondon open: Macro concerns hit stocks ahead of earnings, Fed minutes
8th Oct 2014 08:36
UK stocks fell for a second day on Wednesday as concerns about global growth and nervousness ahead of the start of US earnings season eroded risk appetite. Heavy falls from industrial stocks and travel companies saw the FTSE 100 fall 0.3% to 6,475 in early trading. European stocks fell on Tuesday a
Read moreThursday broker round-up UPDATE
25th Sep 2014 08:48
Amec: UBS raises target price from 1100p to 1215p upgrading from neutral to buy. Aquarius Platinum: Citi lowers target price from 26p to 22p maintaining a neutral rating. Arrow Global: Panmure Gordon ups target price from 335p to 360p and keeps a buy recommendation. Barr (AG): Numis ups target pri
Read moreFTSE 100 movers: Barclays jumps after appointing new chairman
12th Sep 2014 16:15
Barclays jumped on the news it has appointed John McFarlane as chairman to replace David Walker, who will step down following the bank’s annual general meeting in 2015. McFarlane, who is currently chairman of Aviva and FirstGroup, will take on the role on 1 January. Engineer GKN was boosted by
Read moreBroker tips: Whitbread, GKN, Aveva
12th Sep 2014 12:35
UBS has downgraded leisure group Whitbread from 'neutral' to 'sell', saying that the hotel industry is "under threat". "While we estimate 55% of Whitbread clients travel for business and the company operates in the UK midscale and economy segment we do not think they will be immune from some of the
Read moreLondon midday: Stocks gain but Scottish uncertainty limits upside
12th Sep 2014 12:12
UK stocks were making gains on Friday as investors shrugged off weak construction data and picked up some bargains after equity markets hit a three-week low the previous session. London's FTSE 100, which has traded within a tight range for the whole week, was 0.2% higher at 6,815 by midday after clo
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