London open: Stocks slip on concerns over Greece
8th Aug 2012 09:02
- S and P cuts Greek outlook to 'negative' - Markets await BoE inflation report - StanChart rebounds after yesterday's sell-off UK stocks slipped in the opening hour on Wednesday, with the Footsie pulling back after a four-month high, after Greece's long-term sovereign rating outlook was cut by Sta
Read moreTuesday newspaper round-up: BP, Yahoo, Lloyds
31st Jul 2012 07:03
The US Treasury Secretary urged Europe's leaders to follow through on their promises to do "whatever it takes" to save the euro as he embarked on a whirlwind round of diplomacy in Germany. Tim Geithner stoked speculation about a co-ordinated transatlantic push to bolster the single currency as he me
Read moreMonday broker round-up
30th Jul 2012 09:03
Anglo American: Jefferies cuts target from 2,950p to 2,200p, buy rating kept. Barclays: Nomura reiterates reduce rating and 210p target. Fidessa: Jefferies keeps hold recommendation and 1,510p target; Merchant Securities maintains buy rating; Investec puts target under review, sell rating kept. G
Read moreTuesday broker round-up - UPDATE
10th Jul 2012 08:18
WPP: JP Morgan upgrades to outperform from neutral. AMEC: BarCap raises target from 1,340p to 1,350p, underweight rating kept. ASOS: Peel Hunt keeps buy rating and 1,800p target. AstraZeneca: BarCap keeps equal weight rating. Betfair: Nomura cuts target from 1,070p to 946p, buy rating unchanged.
Read moreReThink Group CFO buys 1.4m shares
6th Jul 2012 15:59
Steve Wright, the Chief Financial Officer of ReThink Group, has purchased more than 1.4m shares in the recruitment and technology services firm. Wright purchased the shares at 7.00p each and for a total of £100,000. The company's share price has fallen over 25% in the last year, equal to 2.62p.
Read moreTuesday broker round-up - UPDATE
3rd Jul 2012 08:11
Anite: Jefferies reiterates buy rating and 155p target; Investec puts target under review, buy rating kept. Avocet Mining: Nomura slashes target from 220p to 120p, neutral rating kept. Barclays: Investec maintains buy rating and 240p target. BG Group: Deutsche Bank reduces target from 1,800p to 1
Read moreStagecoach founder sells
29th Jun 2012 12:45
Non-Executive Director and co-founder of Stagecoach, Ann Gloag, on Friday sold 139,360 pounds-worth of shares in the transport firm, making the most of a recent rise in the share price following full-year results and positive comnments from broker Nomura earlier in the week. Gloag sold 52,000 at 2
Read moreThursday broker round-up
28th Jun 2012 10:24
3i Group: Citigroup upgrades to buy, target lifted from 215p to 220p. Abcam: Investec upgrades to buy, target lifted from 349p to 466p; Peel Hunt raises target from 440p to 480p, buy rating unchanged. bwin.party: UBS cuts target from 165p to 125p, neutral rating unchanged. Cookson: UBS cuts targe
Read moreGreene King posts record profits as food sales rocket
28th Jun 2012 08:06
Pub and brewing giant Greene King has posted record profits and revenues for the 12 months to the end of April, benefiting, it claims, from the British public's appetite for 'everyday treats'. The group operates over 2,334 pubs, of which it manages 954; the remainder are tenanted, leased and franch
Read moreThursday preview: EU summit, Greene King, DS Smith
27th Jun 2012 17:24
Final results from Greene King and DS Smith will be out on Thursday morning and a ton of economic indicators are also due for release at home and abroad, however the focus for the markets will likely be on the crucial two-day EU summit which kicks off tomorrow. At the summit in Brussels, European l
Read moreBroker tips: Michael Page, Greene King, Max Petroleum
22nd Jun 2012 12:12
Credit Suisse has downgraded its recommendation for recruitment firm Michael Page International from 'neutral' to 'underperform', saying that on a risk-reward basis, the stock is the 'most vulnerable of the employment agencies given weakening economic conditions'. "While the medium term outlook for
Read moreBroker snap: Greene King's got further to go, says Peel Hunt
22nd Jun 2012 11:05
Peel Hunt has hiked its target price for pubs group Greene King and reiterated its 'buy' rating, saying that the stock still has some upside despite the recent strong performance ahead of its full-year results. "The shares, up 8% in the last week, are clearly now in the process of re-rating as we h
Read moreFriday broker round-up
22nd Jun 2012 10:37
Ashtead: UBS raises target from 320p to 340p, buy rating unchanged. Avon Rubber: Investec downgrades to hold, keeps 315p target. BAE Systems: Investec downgrades to hold, target cut from 360p to 290p Bovis Homes: Liberum Capital downgrades to hold. Cobham: Investec downgrades to sell, target cut
Read moreTuesday tips round-up: BTG, Witan Pacific, Greene King
24th Apr 2012 06:59
Questor in the Telegraph likes biotech firm BTG which has had positive results in tests for what could the first non-surgical treatment for varicose veins. With interests in anti-venom agents for the treatment of viper bites, the firm has an interesting portfolio and merits a hold from Questor for f
Read moreGreene King serves up strong fourth quarter
23rd Apr 2012 07:31
Pub chain owner Greene King said it saw strong trading momentum continue through the final quarter, helped by the launch of new spring menus. It said retail like-for-like sales were up 4.6% in the 50 weeks to 15 April and up 4.5% in the last thirteen weeks. Like-for-like food sales in its Green Ki
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