Tuesday broker round-up UPDATE
13th Aug 2013 07:45
Aviva: Nomura increases target price from 414p to 474p reiterating its buy recommendation. BBA Aviation: Jefferies raises target price from 290p to 345p and keeps a buy recommendation. Braemar Shipping Services: Westhouse Securities takes target price from 450p to 515p and retains a buy recommenda
Read moreGrainger on target for debt reduction
7th Aug 2013 07:34
FTSE 250 residential property owner-manager Grainger said it is in a strong position to benefit from a strengthening market as it pays down its debt. Net debt reduced to approximately £985m at August 6th 2013, achieving debt target of below £1bn well ahead of schedule, the group said. The Newcastl
Read moreFTSE 250 movers: Hedge-fund manager Man Group hit by broker downgrade
5th Jun 2013 14:56
Man Group was the biggest mover on the second-tier index on Wednesday, with its share price plummeting after UBS downgraded the stock to 'neutral' citing a 'degradation in the investment case'. The broker said that Man remains highly dependent on its AHL fund, while raising concerns about Japanese
Read moreLondon midday: Markets drop ahead of key US data
5th Jun 2013 11:18
It was another volatile morning for financial markets on Wednesday as ongoing worries about stimulus measures in the US and a heavy economic data schedule dominated market sentiment. The FTSE 100 hit intraday low of 6,453 this morning, the index's lowest level since the start of May. Concerns abo
Read moreLondon open: Stocks hit one-month low ahead of data, Tesco falls
5th Jun 2013 08:30
A flurry of economic data and renewed concerns about the Federal Reserve's 'exit strategy' from stimulus ensured that markets opened firmly in the red on Wednesday morning. The FTSE 100 hit intraday low of 6,507 early on before rebounding slightly within the opening hour - this was the index's lowe
Read moreThursday broker round-up UPDATE
30th May 2013 08:19
AMEC: Morgan Stanley reduces target price from 1220p to 1100p and retains an underweight rating. Amlin: JP Morgan takes target price from 360p to 400p maintaining an underweight rating. Brewin Dolphin: Canaccord Genuity raises target price from 230p to 285p and reiterates a buy recommendation. C
Read moreGrainger unveils fall in half-year profits
16th May 2013 11:53
British property group Grainger posted a fall in half-year pre-tax profit, reflecting higher transaction related charges. Profit before tax for the six months to March 31st came to £11m, down from £15.1m the previous year. The drop in profit came despite a 6.6% rise in triple net asset value (NAV
Read moreGrainger forms JV with property investor to buy portfolio
13th May 2013 08:18
FTSE 250-listed residential property owner Grainger has partnered up with property investor Dorrington to create a 50/50 joint venture (JV) called Walworth Investment Properties that will acquire a portfolio of South London residential property. The portfolio, which was previously wholly-owned by
Read moreWednesday broker round-up UPDATE
6th Mar 2013 07:03
Advanced Medical Solutions: Investec takes target price from 68p to 74p and maintains a buy recommendation. Aggreko: Citigroup reduces target price from 2550p to 2100p, while keeping a buy rating. Ashtead Group: Citigroup raises target price from 590p to 660p leaving its buy recommendation unalter
Read moreGrainger reports 224 per cent rise in UK portfolio sales
6th Feb 2013 08:12
FTSE 250-listed residential property owner Grainger has reported a 224 per cent rise in tenanted investment and other sales from its UK portfolios to 26.6m pounds in the four months to January 31st, compared to 8.2m pounds one year earlier. Group sales rose 3.4% to £64.6m compared to £62.4m a year
Read moreGrainger acquires build-to-rent scheme in Barking
4th Feb 2013 08:12
Residential property owner Grainger has acquired its first build-to-rent scheme in Barking. The transaction, coducted via its agreement to purchase 100 units as part of a regeneration scheme in Barking town centre, is being developed and carried out by Bouygues Development. Grainger will pay a to
Read moreWednesday broker round-up - UPDATE
30th Jan 2013 07:03
Alternative Networks: Investec increases target price from 310p to 330p retaining a buy rating. Anglo American: Deutsche Bank takes price target from 2200p to 2260p, while its buy recommendation remains unchanged. Antofagasta: Bank of America reduces target price from 1500p to 1400p and downgrades
Read moreLondon close: Markets flat after choppy session
22nd Jan 2013 16:32
Stock markets finished more or less flat on Tuesday afternoon after a volatile session, in which investors digested policy announcements in Japan and mixed newsflow in Germany. "A rather choppy morning session in Europe gave way to a rather more sedate afternoon session as US traders returned to th
Read moreLondon midday: Markets volatile ahead of US earnings
22nd Jan 2013 12:01
Markets were volatile in morning trade on Tuesday as traders reacted to mixed newsflow from Germany, though stocks remained in negative territory following an underwhelming policy announcement from Japan. According to market analyst Craig Erlam from Alpari, trading volumes are expected to pick up t
Read moreLondon open: Markets down as BoJ disappoints
22nd Jan 2013 08:35
UK stocks opened slightly lower on Tuesday morning after the Bank of Japan's (BoJ) policy announcement overnight failed to live up to expectations. After a two-day meeting, the BoJ set a 2.0% inflation target and pledged to embark on a Fed-style unlimited asset purchase programme. Meanwhile, the ce
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