FTSE 250 movers: Halfords accelerates after upgrade
31st May 2013 13:48
Car and bike parts retailer Halfords was the best performing stock on the FTSE 250 on Friday after UBS raised its recommendation for the stock by two notches from 'sell' to 'buy' and hiked its target price from 280p to 375p. "Halfords is a brand with high market share in its core markets, good res
Read moreLondon midday: FTSE 100 down one per cent as volatility continues
31st May 2013 11:26
The volatile trade seen over the past week continued on Friday with investors turning nervous ahead of another raft of economic indicators from the US later on. "European markets have taken a leg lower this morning as traders look to scale back risk heading into the month's end, with the central ba
Read moreBroker tips: Wolseley, Halfords, Lonmin
31st May 2013 11:24
Panmure Gordon recommends investors to take profits at heading and plumbing products group Wolseley ahead of its third-quarter results on June 4th. Analyst Andy Brown said: "As US housing data, on balance, continues to improve, investors seem happy [...]. We believe that the valuation is up with ev
Read moreBroker snap: UBS upgrades Halfords, hikes price target
31st May 2013 10:12
Car and bike parts retailer Halfords was a strong riser on the FTSE 250 on Friday after UBS upgraded its rating for the stock by two notches from 'sell' to 'buy' and hiked its target price from 280p to 375p. In a research report titled 'Grasping the bull by the horns', analyst Adam Cochrane said th
Read moreFriday broker round-up UPDATE
31st May 2013 07:30
AstraZeneca: Citi increases target price from 3000p to 3500p, while leaving its neutral rating unchanged. Burberry: Morgan Stanley ups target price from 1300p to 1400p and leaves its equal-weight rating unchanged. Genel Energy: Credit Suisse shifts target price from 1236p to 1246p keeping an outpe
Read moreSector movers: High Street retailers rise but supermarkets fall
30th May 2013 14:00
Retail stocks were putting in a mixed performance on Thursday with High Street stocks making gains and supermarket firms in the red. The General Retail sector was among the best performing categories this afternoon with B&Q owner Kingfisher making solid gains despite a slightly disappointing first-
Read moreWednesday broker round-up UPDATE
29th May 2013 08:59
AEC Education: WH Ireland lowers target price from 16p to 11p retaining a buy recommendation. Bodycote: JP Morgan downgrades to underweight with a target price of 495p. BTG: Deutsche Bank ups target price from 440p to 475p retaining a buy recommendation. De La Rue: Investec raises target price fr
Read moreLondon open: Chinese slowdown fears hit stocks early on
29th May 2013 08:34
Stocks declined sharply on Wednesday morning with yesterday's rebound proving short-lived as fears about the impact of a slowdown in China came back to haunt markets. Following a three-day weekend for the UK and US, indices surged on Tuesday on renewed hopes of continued monetary easing in Europe a
Read moreHikma Pharmaceuticals shrinks stake
24th May 2013 15:36
Said Darwazah, the Chief Executive Officer of Hikma Pharmaceuticals, has reduced his stake in the FTSE 250 company, it was announced after Thursday's close. The director, who was the Minister of Health for the Hashemite Kingdom of Jordan from 2003 to 2006, sold 188,445 shares over a period of six d
Read moreFriday broker round-up UPDATE
24th May 2013 08:00
Aveva: Panmure Gordon ups target price from 2076p to to 2091p keeping a hold recommendation. Investec takes target price from 2450p to 2500p and retains its buy recommendation. Credit Suisse increases target price from 2013p to 2240p, while staying with its neutral rating. Barratt Developments: Lib
Read moreLondon close: Markets tumble as stimulus hopes fade
23rd May 2013 16:20
The recent bullish mood on equity markets quickly faded on Thursday as mixed messages from the Federal Reserve and a slowdown in China sparked a heavy sell-off on the FTSE 100, which lost more than two per cent of its value. Answering questions in Congress last night was Fed Chairman Ben Bernanke w
Read moreFTSE 250 movers: Salamander dives on bad well update
23rd May 2013 15:51
Salamander Energy plunged after it issued a disappointing update on its Bedug-1 exploration well in the Bontang production sharing contract. Although the well was found to be a gas discovery, exploration was terminated as a result of high pressures. Halfords was also taking a hit after the automot
Read moreLondon midday: Rally runs out of steam after Bernanke comments
23rd May 2013 11:32
Markets tumbled by around two per cent on Thursday morning as investors chose to take profits in the aftermath of comments from the head of the US Federal Reserve and a disappointing reading of manufacturing activity in China. The FTSE 100 had surged to a fresh 13-year high high of 6,840 the day be
Read moreBroker tips: Kingfisher, St James's Place, Halfords
23rd May 2013 10:51
The recent rally in Kingfisher's share price was paused on Thursday morning after Nomura downgraded its rating on the stock from 'neutral' to 'reduce', saying that shares in the B&Q owner have travelled too far given the tough times ahead. Nomura stands 6.0% below consensus with its profit before t
Read moreBroker snap: Investec upbeat about turnaround plan at Halfords
23rd May 2013 10:48
Investec has recommended investors to 'buy' on share-price weakness at Halfords after the car- and bike-parts retailer announced a turnaround plan to boost growth in the future. Full-year results from Halfords contained few surprises, Investec said, due to the clear guidance given in the pre-close
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