Friday broker round-up UPDATE
28th Jun 2013 08:32
BAE Systems: Deutsche Bank increases target price from 375p to 400p, while downgrading to hold. Barclays: Bank of America moves target price from 430p to 410p, while its buy recommendation remains unaltered. Booker Group: Investec shifts target price from 140p to 141p and keeps its buy recommendat
Read moreFTSE 250 movers: Perform slumps after profit warning
27th Jun 2013 14:23
Digital sports media firm Perform dropped sharply on Thursday after a pre-close trading update said that despite still expecting strong revenue growth this year, a change in revenue mix, together with additional rights and other investment, will impact the rate of earnings growth. Paper and plastic
Read moreLondon pre-open: Markets seen higher for third straight day
27th Jun 2013 07:44
Stocks are expected to open higher on Thursday morning, continuing their rebound after some heavy falls seen over the last month. City sources predict the FTSE 100 will open up 22 points from yesterday's close of 6,165. After a heavy fall on Monday to a fresh five-month low of 6,029, London's benc
Read moreGreene King's annual profits rise on back of retail growth
27th Jun 2013 07:04
Pub operator Greene King reported a 6.6 per cent year-on-year rise in pre-tax annual profit to 162m pounds, driven by a hike in sales in its retail division. Total revenues were up 4.8% to £1.19bn for the year to April 28th as retail like-for-like sales grew 2.3%. Its Brewing & Brands business c
Read moreThursday preview: Greene King and Betfair Group report
26th Jun 2013 13:55
Pub operator Greene King is expected to post a rise in full-year profits and sales on Thursday. The FTSE 250-listed company has said it anticipates a 2.2% jump in underlying retail sales for the year to end of April in the face of a tough consumer climate. A unseasonably cold winter saw the group
Read moreFriday broker round-up
21st Jun 2013 08:34
Afren: Jefferies cuts target price from 155p to 140p and downgrades from buy to hold. Alpha Real Trust: Panmure Gordon shifts target price from 76p to 79p and retains a buy recommendation. Betfair Group: JP Morgan moves target price from 850p to 825p keeping a neutral rating. Borders & Southern P
Read moreTuesday broker round-up UPDATE
18th Jun 2013 08:19
Alternative Networks: Westhouse Securities upgrades from neutral to add with a target price of 350p. Andes Energia: Westhouse Securities initiates with a target price of 60p and a buy recommendation. Andor Technology: Investec reduces target price from 525p to 360p downgrading from buy to hold. A
Read moreTuesday tips round-up: Aberdeen and Greene King
30th Apr 2013 06:23
While Aberdeen's first-half report sparked a share-price surged to an 11-year high on Monday, the Financial Times' Lex column says that the asset manager is not without its problems. The Lex team said: "Top of the list is that it is looking increasingly unbalanced." Customers are pouring a lot of
Read moreGreene King expects to meet annual forecasts
29th Apr 2013 08:31
UK pub retailer Greene King expects to meet full-year market forecasts as like-for-like retail sales rose 2.2 per cent and food sales climbed 2.7 per cent, according to a trading update published Monday. The brewer said it delivered a strong performance for the year to April 28th 2013, despite poor
Read moreMonday broker round-up UPDATE
29th Apr 2013 08:17
Afren: Liberum Capital shifts target price from 130p to 136p and maintains a hold recommendation. AngloAmerican: Nomura upgrades from reduce to neutral with a target price of 1700p. Antofagasta: Nomura cuts target price from 1250p to 1200p, while its neutral rating remains unchanged. Investec redu
Read moreExperian Chairman reduces stake
2nd Apr 2013 16:24
Sir John Peace, the Chairman of FTSE 100 information services company Experian, has reduced his stake in the company by 200,000 shares. Peace, who is also the Chairman of Burberry Group and Standard Chartered, disposed of the shares at 1,145.89p each, earning himself in the region of £2.29m. The
Read moreTuesday broker round-up UPDATE
26th Feb 2013 07:27
Andor Technology: Investec shifts target price from 460p to 500p and keeps a buy recommendation. Associated British Foods: Nomura revises target price from 1790p to 1800p, while its neutral rating remains unchanged. Barclays: Espirito Santo raises target price from 346p to 418p and reiterates its
Read moreLondon close: Stocks surge as economic data impresses
1st Feb 2013 16:46
The impressive performance by global stock markets last month continued into the first trading day of February, as a barrage of upbeat economic data lifted sentiment. The FTSE 100 rose a total of 6.4% in January alone, the best January performance since 1989. Eurozone manufacturing beats forecast
Read moreLondon midday: Euro manufacturing data lifts sentiment
1st Feb 2013 11:58
A better-than-expected reading of Eurozone manufacturing data helped cement gains for equity markets on Friday morning, as investors await the all-important jobs data due out in the US this afternoon. Expectations are for a 165,000 rise in US non-farm payrolls in January when numbers are released a
Read moreLondon open: Stocks extend gains after strong performance in January
1st Feb 2013 08:29
Markets were performing well in early trading on Friday, extending gains made last month, ahead of the all-important jobs report in the US this afternoon. The FTSE 100 rose a total of 6.4% in January alone, the best January performance since 1989. However, as Joe Rundle, head of trading at ETX Cap
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