Wednesday broker round-up UPDATE
23rd Jan 2013 07:05
Aberdeen Asset Management: Societe Generale downgrades to hold, while its target price of 375p is not altered. Amara Mining: Investec reduces target price from 89p to 83p and reiterates a buy recommendation. Associated British Foods: Jefferies raises target price from 1365p to 1650p keeping a hold
Read moreFriday broker round-up UPDATE
11th Jan 2013 07:01
Aberdeen Asset Management: Credit Suisse raises target price from 380p to 410p reiterating an outperform rating. Afren: Deutsche Bank cuts target price from 175p to 165p stayling with its buy rating. Ashmore Group: Credit Suisse moves target price from 380p to 375p and downgrades to underperform.
Read moreLondon close: Markets flat as central banks hold rates
10th Jan 2013 16:44
The FTSE 100 swung between gains and losses for most of Thursday's session as investors digested a host of economic data, bond auctions in the Eurozone and policy decisions by the Bank of England (BoE) and European Central Bank (ECB). Nevertheless, the Footsie managed to finish in positive territor
Read moreFTSE 250 movers: SIG leaps despite 2013 forecast
10th Jan 2013 15:38
Building materials group SIG surged today despite warning that construction markets in 2013 are to 'remain challenging'. Revenues in 2012 totalled around £2,635m, flat on a constant currency basis, though down by 4.0% in sterling due to exchange rate movements. Underlying profit is expected to be
Read moreLondon pre-open: FTSE to nudge higher
10th Jan 2013 07:35
City sources predict the FTSE 100 will open up two points from yesterday's close of 6,099, taking its lead from Asia where gains were seen after notably stronger-than-expected data emerged from China. UK markets closed significantly higher on Wednesday, up 45 points (equal to £11.41bn), with the i
Read moreThursday broker round-up UPDATE
10th Jan 2013 07:10
Afren: Morgan Stanley takes target price from 215p to 220p and reiterates an overweight rating. Alent: Bank of America starts with a target price of 370p and a buy recommendation. Associated British Foods: Goldman Sachs moves its target price from 1160p to 1190p and maintains a sell rating. AVEVA
Read moreMixed performance continues at Hays
10th Jan 2013 07:08
Recruitment company Hays reported three per cent decline in quarterly net fee income and expects conditions to remain fragile. UK and Ireland net fees in the quarter ended December 31st fell 3% while in Asia Pacific it was down 14%. Continental Europe & Rest of World fared better, rising 6% during
Read moreLondon close: Footsie slips into the red by the close
14th Dec 2012 16:28
After a decent start after some upbeat Chinese data, the Footsie was pressured into the red by the close of trade on Friday following a weak open on Wall Street. Nevertheless, losses in London were only modest, with the blue-chip index remaining close to the nine-month high reached earlier this week
Read moreThursday broker round-up UPDATE
22nd Nov 2012 07:19
Alternative Networks: Westhouse Securities downgrades from buy to add, target price of 280p kept. Babcock International: UBS downgrades from buy to neutral. Barr (AG): N+1 Singer raises target price from 402p to 525p and upgrades to buy. Belvoir Lettings: Seymour Pierce raises target price from 9
Read moreThursday broker round-up - UPDATE
18th Oct 2012 09:24
Ashtead: UBS raises target from 375p to 400p, buy rating kept. ASOS: Panmure Gordon keeps buy rating and 2,530p target. AZ Electronic Materials: Goldman Sachs upgrades to conviction buy. Booker: Panmure Gordon keeps buy rating and 108p target. Britvic: Panmure Gordon keeps hold rating and 380p t
Read moreWednesday broker round-up - UDPATE
10th Oct 2012 08:22
African Barrick Gold: Nomura cuts target from 670p to 605p, buy rating kept. APR Energy: JPMorgan Cazenove initiates coverage with overweight rating and 1,005p target. ARM Holdings: Credit Suisse initiates coverage at neutral. ASOS: Seymour Pierce keeps hold rating and 1,900p target. Avanti Com
Read moreLondon pre-open: Growth concerns weigh on FTSE
10th Oct 2012 07:29
City sources predict the FTSE 100 will open down 19 points from yesterday's close of 5,810, extending Tuesday's losses as concern over growth weighs down investor sentiment around the globe, with significant falls seen in both Asia and the US overnight. This followed yesterday's big news that the
Read moreWednesday tips round-up: Hays, Aggreko, Rio Tinto, BHP
10th Oct 2012 06:40
The mood music from the resources sector has worsened in recent weeks. Thus, Rio Tinto, the third biggest miner in the world, has lowered its estimates for China's growth this year to "just below" 8 per cent, down from the around 8 per cent growth it expected in August, chief executive Tom Albanese
Read moreLondon close: Growth concerns sink stocks for second straight day
9th Oct 2012 16:35
- Miners gain, but Footsie finishes firmly lower - IMF cuts forecasts; investors nervous ahead of Alcoa - UK economic data paints gloomy picture - Crude rises on Mid-East tensions With the International Monetary Fund (IMF) cutting its growth forecasts and Wall Street starting on the back foot ahead
Read moreFTSE 250 movers: Hays tops risers as quarter beats expectations
9th Oct 2012 15:56
After first quarter results came in ahead of expectations, recruitment firm Hays jumped early on and remained a high riser through the session. The company said that markets were overall stable through the first quarter though group net fees fell by one per cent year-on-year. Seymour Pierce upgrad
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