Monday broker round-up UPDATE
2nd Jun 2014 10:24
Anglo Pacific: FinnCap places both its target price (prev.: 216p) and its hold recommendation under review. Associated British Foods: Berenberg increases target price from 2600p to 3060p, while maintaining its hold recommendation. Barr (AG): Numis moves target price from 612p to 624p retaining a h
Read moreWednesday tips round-up: SABMiller, GKN
16th Apr 2014 07:35
Shares in SABMiller dipped on Tuesday following its fourth-quarter trading update. Investors opted to take a little bit of money off the table after recent strength in the share price. Of particular importance for the group are the headwinds which it faces in foreign exchange markets, especially the
Read moreFTSE 100 movers: Royal Mail leads risers, miners slide lower
15th Apr 2014 14:00
Royal Mail shares were in the top spot in today's session, as investors await to hear the government's decision on whether to sell the remaining 30 per cent stake in the group now that the lock-up period has expired. According to the BBC, senior Tories are firmly in favour of a sale. Defensive stoc
Read moreLondon midday: Stocks edge lower as investors digest data, earnings
15th Apr 2014 11:30
- Chinese, UK and German data disappoints - UK corporate updates come in mixed - US data, earnings in focus this afternoon techMARK 2,644.12 +0.06% FTSE 100 6,577.20 -0.10% FTSE 250 15,693.09 -0.06% UK stocks were trading with small losses on Tuesday on a busy day for economic data and corporate n
Read moreLondon open: Stocks fall after China data and mixed corporate news
15th Apr 2014 08:28
- Chinese new credit falls in March, money supply slows down - Corporate earnings/updates receive mixed reaction - Economic data in focus later on techMARK 2,645.66 +0.12% FTSE 100 6,571.94 -0.18% FTSE 250 15,761.41 +0.38% UK stocks opened with small losses on Tuesday morning after yet more disapp
Read moreGKN growth squashed by strong sterling - UPDATE
15th Apr 2014 07:07
- 7.0 per cent sales growth before FX - Headline sales growth of 1.0 per cent - Margin up 1.3 points, PBT up 22 per cent - Tough comparators imply more modest growth for 2014 Engineer GKN continued to battle mixed markets, with a thrusting commercial aerospace market making up for a military aerosp
Read moreTuesday preview: Aggreko, GKN report
14th Apr 2014 14:38
Temporary power company Aggreko is expected to report first quarter growth on the back of an increase in order intake. In March, when the group reported its full-year results, it anticipated an "encouraging start to 2014" after signing a contract in Libya for 120 megawatts. At the time it said it
Read moreFTSE 100 movers: Aberdeen, Sports Direct and Babcock rise strongly
1st Apr 2014 13:46
The share price of Aberdeen surged on Tuesday after the asset manager said that net outflows were just 0.2bn pounds in March, compared with 3.9bn pounds over the first two months of the year. The company also said that "significant additional cost savings" have been identified and are being implemen
Read moreLondon midday: Stocks gain on data-heavy session
1st Apr 2014 11:24
- Aberdeen, Babcock, BHP Billiton and GKN provide a lift - Weir falls on potential Metso merger - UK PMI falls to eight-month low techMARK 2,773.69 +0.33% FTSE 100 6,632.50 +0.52% FTSE 250 16,342.90 +0.43% Decent performances from Aberdeen, Babcock, BHP Billiton and GKN gave UK markets a lift on T
Read moreLondon open: BHP, Aberdeen lead markets higher ahead of data
1st Apr 2014 08:23
- BHP Billiton, Aberdeen, Babcock, GKN provide a lift - Weir falls on Metso merger speculation - Markets await global manufacturing PMIs techMARK 2,779.21 +0.53% FTSE 100 6,621.97 +0.36% FTSE 250 16,339.39 +0.40% UK stocks opened with small gains on Tuesday ahead of a data-heavy session with manuf
Read moreGKN snaps up vehicle energy storage business
1st Apr 2014 08:09
Engineering giant GKN has bought Williams Hybrid Power (WHP), which makes flywheel-based energy storage systems for the bus, truck and tram markets. "GKN and WHP have been working together to validate the use of this technology and now that this stage has been reached, it is appropriate for GKN to
Read moreNew GKN Finance Director opens account
20th Mar 2014 16:00
Adam Walker, the newly appointed Financial Director of aerospace giant GKN, bought himself a round of shares worth 252,980 pounds. The purchase comes just a few weeks after the company posted a jump in annual sales and underlying profits, which helped to offset a decline in the military aerospace m
Read moreBroker tips: GKN, ITE Group, Kazakhmys, Dunelm
3rd Mar 2014 13:06
UBS has downgraded its rating for aerospace, automotive and land systems engineer GKN from 'buy' to 'neutral' after cutting its forecasts due to foreign exchange headwinds. Following GKN's 2013 results released last week, UBS has cut its earnings per share forecasts for 2014 and 2015 by 10% and 13%
Read moreUBS downgrades GKN, cuts estimates on FX headwinds
3rd Mar 2014 09:21
UBS has downgraded its rating for aerospace, automotive and land systems engineer GKN from 'buy' to 'neutral' after cutting its forecasts due to foreign exchange headwinds. Following GKN's 2013 results released last week, UBS has cut its earnings per share forecasts for 2014 and 2015 by 10% and 13%
Read moreGKN director sells shares released from deferred bonus plan
27th Feb 2014 16:04
Marcus Bryson, the Chief Executive of Aerospace and Land Systems at GKN, this week traded in all 53,278 of the shares he was awarded under the company's deferred bonus plan. The shares, which were released following a two-year deferral, were sold at 411p a go, earning the director a total of £218,
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