Barclays raises forecasts for UK growth in 2013 and 2014
9th Jul 2013 12:26
Economists at Barclays Research on Monday issued a note in which they lifted their forecasts for economic growth in the UK as the animal spirits of consumers and businesses improve, prompting increased household consumption and investment, respectively. The above is reflected in recent readings f
Read moreThursday broker round-up UPDATE
4th Jul 2013 08:17
Aberdeen Asset Management: JP Morgan reduces target price from 573p to 476p and reiterates its overweight rating. Ashmore Group: JP Morgan cuts target price from 410p to 339p maintaining a neutral rating. ASOS: Jefferies raises target price from 2199p to 6200p and upgrades from underperform to buy
Read moreBroker tips: Tullow Oil, Hays, G4S
1st Jul 2013 13:14
Analysts at Nomura have upped their view on shares of oil exploration group Tullow Oil ahead of what they expect will be a positive trading update from the company this next Wednesday. That is particularly true, they believe, given the generally sombre outlooks typical for large-cap majors in Euro
Read moreBroker snap: Credit Suisse raises Hays to outperform
1st Jul 2013 13:12
While recruitment outfit Hays is expected to continue to meet challenging conditions in Australia its current share price is currently discounting almost no value in its UK segment. Furthermore, the company's stock is trading at a calendar year 2013 price-to-earnings ratio of 13.6, versus an avera
Read moreMonday broker round-up UPDATE
1st Jul 2013 07:27
Ashmore Group: Canaccord Genuity lowers target price from 399p to 380p, while its buy recommendation remains unchanged. ASOS: Panmure Gordon increases target price from 4320p to 4555p and retains a buy recommendation. AVEVA Group: Sanlam Securities reduces target price from 2500p to 2325p leaving
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 moreBroker snap: Credit Suisse highlights challenging end markets for Michael Page
29th May 2013 10:44
Credit Suisse said it remains cautious over recruitment firm Michael Page International (MPI) and has kept a 'underperform' rating for the stock due to its challenging end markets. In its global labour survey, World at Work, Credit Suisse has analysed employment data from 11 major economies and fou
Read moreBodycote CEO reduces stake by 200,000 shares
22nd May 2013 16:19
Stephen Harris, the Chief Executive Officer of Bodycote, has reduced his stake in the in the heat treatment company with the sale of 200,000 shares. Each of the shares were sold at 546.50p for a total trade value of £1.09m. The transaction comes just under a month after the group posted a four pe
Read moreWednesday broker round-up UPDATE
17th Apr 2013 07:20
African Barrick Gold: Deutsche Bank cuts target price from 230p to 173p, while its hold recommendation is reiterated. Ashmore Group: Morgan Stanley raises target price from 395p to 444p and maintains an equal-weight rating. Ashtead Group: Jefferies increases target price from 615p to 690o and reit
Read moreMonday broker round-up UPDATE
15th Apr 2013 09:50
African Barrick Gold: Citigroup cuts target price from 267p to 175p and keeps its sell recommendation. African Minerals: Goldman Sachs lowers target price from 420p to 410p keeping a buy recommendation. Citigroup moves target price from 440p to 430p and retains a buy recommendation. Anglo American
Read moreFriday tips round-up: Ashmore Group, PZ Cussons, Hays
12th Apr 2013 15:47
Emerging-market focused fund manager Ashmore Group startled the market yesterday when it released its latest figures for its funds under management (FuM) in the first quarter. These raced past analysts' expectations, rising by a net $6.7bn, on the back of strong inflows from sovereign wealth funds,
Read moreFriday broker round-up UPDATE
12th Apr 2013 07:25
Aggreko: Panmure Gordon raises target price fro, 1727p to 2106p and upgrades from hold to buy. Alternative Networks: Westhouse Securities moves target price from 280p to 295p and reiterates a neutral rating. Investec raises target price from 330p to 350p maintaining a buy recommendation. Finncap in
Read moreFTSE 250 movers: Ashmore rises on strong Q3
11th Apr 2013 15:51
Ashmore was a high riser after reporting that assets under management (AuM) increased by 9.4 per cent in the third quarter as it attracted funds from government clients. The news also gave sector peer Man Group a lift. Recruitment company Hays was also higher after it said it expects full-year op
Read moreLondon pre-open: Slow start expected despite record gains in US
11th Apr 2013 07:28
City sources predict the FTSE 100 will open down seven points from yesterday's close of 6,387, despite record gains seen in the US overnight. However, expectations amongst traders were that this breather would be temporary, with risk appetite building as the positive vibe in the US fed across the
Read moreHays sees full year at top end of estimates
11th Apr 2013 07:18
Recruitment company Hays revealed a decline in quarterly net fees, amid challenging market conditions, and while it expects conditions to remain fragile, it still expects full-year operating profit to be at the top of the current range of market estimates. Total net fees for the quarter ended Marc
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