FTSE 100 movers: Aviva rises after brokers hike target price
7th Mar 2014 14:33
Insurance group Aviva continued to rise after analysts at Barclays and JPMorgan lifted their price targets for the stock today. Yesterday saw the share price soar as investors celebrated a better-than-expected set of 2013 results after its turnaround under Chief Executive Mark Wilson delivered encou
Read moreFTSE 100 movers: Aviva rises after 2013 results impress
6th Mar 2014 14:49
Shares in insurer Aviva soared after investors celebrated a better-than-expected set of 2013 results as its turnaround under Chief Executive Mark Wilson saw encouraging progress. Operating profits rose 6% year-on-year to £2,049m, some 3% ahead of the consensus estimate of £1,988m. Panmure Gordon w
Read moreGlencore Xstrata likely to eschew Hayward as chairman
5th Mar 2014 16:07
Former BP boss Tony Hayward is unlikely to retain the Chairman's seat at Glencore Xstrata full-time unless he gives up his role at another company. Hayward, who oversaw BP during its notorious Deepwater Horizon oil spill, has filled in as Interim Chairman since last May after Sir John Bond was vot
Read moreWednesday broker round-up UPDATE
5th Mar 2014 10:02
Abcam: Investec reduces target price from 552p to 480p and reiterates its buy recommendation. Numis upgrades from hold to buy with a target price 510p. Advanced Medical Solutions: Canaccord Genuity shifts target price from 94p to 101p and keeps a hold recommendation. African Barrick Gold: Nomura r
Read moreBroker tips: Royal Mail, Glencore Xstrata, Fresnillo, Ashtead
4th Mar 2014 12:12
The share price of postal and delivery service firm Royal Mail was trading lower on Tuesday after Credit Suisse initiated coverage of the stock with an 'underperform' rating. The Swiss bank has set a target price of 530p, indicating 12% downside potential to current prices. "And for multiples in li
Read morePrime Wealth sees upside at Glencore Xstrata after strong results
4th Mar 2014 10:33
Prime Wealth Group has labelled Glencore Xstrata as a 'buy' after the company beat expectations with annual profits on Tuesday. Senior Trader Davfydd Davies has picked the stock out as one of its 'March Cyclical Trading Picks'. "The full-year results from the group today fully vindicate our choice
Read moreTuesday broker round-up UPDATE
4th Mar 2014 09:37
Abcam: Numis cuts target price from 560p to 510p downgrading from add to hold. Amlin: Deutsche Bank shifts target price from 484p to 491p and keeps a hold recommendation. Arrow Global: Canaccord Genuity shifts target price from 300p to 309p maintaining a buy recommendation. Numis moves target pric
Read moreLondon open: Stocks bounce but Ukraine crisis still in focus
4th Mar 2014 08:31
- Markets recover after sell-off - Putin orders troops back to bases - Ashtead, Glencore Xstrata impress with results - Fresnillo disappoints as profits slump techMARK 2,891.69 +1.38% FTSE 100 6,775.50 +1.00% FTSE 250 16,559.83 +1.13% UK stocks bounced strongly on Tuesday morning as sentiment reco
Read moreGlencore Xstrata adjusted profits flat, but ahead of forecasts
4th Mar 2014 07:22
- Earnings flat but beat forecasts - Growth limited by falling commodity prices - Las Bambas sale ongoing Mining group and trading house Glencore Xstrata raised its full-year dividend by nearly five per cent, but earnings were flat in 2013 as growth was capped by falling commodity prices. Neverthe
Read moreTuesday preview: Fresnillo and Glencore Xstrata report annual results
3rd Mar 2014 14:31
Fresnillo is expected to report a decline in full-year annual earnings on Tuesday, reflecting the impact of lower metal prices and a drop in gold production. Numis predicts the miner will post earnings per share of $0.48, compared to $1.03 in 2012 and net profit after tax of $352m. A decline in me
Read moreBroker tips: RBS, IHG, Glencore Xstrata, Smiths Group
21st Feb 2014 12:42
Numis Securities has reiterated its 'add' rating and 374p target price for banking group RBS ahead of its 2013 results next week. The results, which are due out February 27th, are expected to see the bank report a statutory loss of £7.2bn, which includes the £4.5bn upfront provision for the new 'In
Read moreLondon midday: Stocks at one-month high on Vodafone capital return
21st Feb 2014 11:45
- Vodafone and RBS provide a lift - Vodafone capital return lifts sentiment - IHG, Glencore Xstrata hit by downgrades - FTSE 100 at highest level in month techMARK 2,884.38 +0.29% FTSE 100 6,827.26 +0.21% FTSE 250 16,401.56 +0.20% UK stocks rose to levels not seen in a month on Friday as a windfal
Read moreFriday broker round-up UPDATE
21st Feb 2014 10:11
Barratt Developments: JP Morgan raises target price from 360p to 420p, while downgrading to neutral. Bellway: JP Morgan takes target price from 1450p to 2000p and retains an overweight rating. Bodycote: UBS initiates with a target price of 800p and a buy recommendation. Bovis Homes Group: JP Morg
Read moreGlencore Xstrata hit by JPMorgan downgrade to 'neutral'
21st Feb 2014 09:23
Mining group and commodities trader Glencore Xstrata was trading in the red on Friday morning after JPMorgan Cazenove cut its rating on the stock from 'overweight' to 'neutral', saying that its peers have overtaken it in terms of capital returns potential. JPMorgan has left its 350p target price un
Read moreLondon open: Stocks at one-month high as Vodafone, RBS gain
21st Feb 2014 08:47
- Vodafone, RBS and Glaxo provide a lift - IHG, Glencore Xstrata hit by downgrades - FTSE 100 at highest intraday level in month techMARK 2,891.98 +0.55% FTSE 100 6,840.31 +0.40% FTSE 250 16,419.58 +0.31% Strong gains from heavyweights Vodafone, RBS and GlaxoSmithKline gave UK markets a boost on
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