FTSE 250 movers: JD Sports rises on sales growth
21st Nov 2012 15:47
Sports apparel group JD Sports Fashion was higher after seeing like-for-like sales growth pick up slightly in the third quarter despite seeing what it labelled as a "tough" environment. Lonmin shares took a hit as disturbing video footage of August's tragedies at the Marikana mines was reviewed by
Read moreLondon midday: Stocks pare losses but market cautious
21st Nov 2012 11:54
- Eurogroup delays Greek aid - MPC minutes show 8-to-1 vote in favour of maintaining QE - Johnson Matthey and Compass lower after results UK stocks had trimmed losses by Wednesday lunchtime but was trading within a narrow range as investors remain cautious following an inconclusive meeting of Euroz
Read moreBroker tips: Compass, Capco, Halfords
21st Nov 2012 10:46
In spite of the negative market reaction to Compass Group's full-year results on Wednesday morning, Nomura has maintained its 'buy' rating and 800p target price for the stock, saying that the figures were in line with its forecasts. Nomura said: "Our FY 13 forecasts assume a slowdown in organic re
Read moreBroker snap: Panmure sees good buying opportunity at Halfords
21st Nov 2012 10:25
Halfords Group's first-half results on Wednesday may have been met with profit-taking by investors, but Panmure Gordon reiterated its 'buy' rating and 400p target price for the stock, saying that there's still 'lots of opportunity' for the business. The car and bike parts retailer's pre-tax profits
Read moreLondon open: Stocks fall as Greek aid delayed
21st Nov 2012 08:36
London's benchmark FTSE 100 index dropped into the red in early trading on Wednesday morning after Eurozone finance ministers delayed a decision on the next tranche of the Greek bailout. Matthew Nelson, a financial sales trader from Spreadex, said this morning: "The poor sentiment has not been aide
Read moreHalfords encounters heavy traffic -UPDATE
21st Nov 2012 07:26
As was flagged by Halfords on the past 4th of October, the bikes and car accessories retailer has produced weak interims. It also said it will deliver full-year pre-tax profits slightly below FactSet's consensus estimate of £70.21m. Presenting results for the half year ending September 28th, Chai
Read moreWednesday broker round-up UPDATE
21st Nov 2012 07:10
Avocet Mining: Goldman Sachs downgrades from neutral to sell. Barr (AG):Numis upgrades to add with a traget price of 525p. British Land: Morgan Stanley raises target price from 540p to 570p and upgrades to overweight. Jefferies raises target price from 554p to 561p, hold recommendation maintained.
Read moreFriday broker round-up -UPDATE
16th Nov 2012 07:22
Anglo American: Deutsche Bank cuts target price from 2600p to 2520p and reiterates a buy rating. Atkins: JP Morgan Cazenove reduces target price from 862p to 859p, overweight rating maintained. Bodycote: Investec raises target price from 400p to 410p, buy recommendation remains unchanged. Brammer
Read moreFriday broker round-up
2nd Nov 2012 08:18
Associated British Foods: Panmure Gordon keeps hold rating and 1,300p target. Balfour Beatty: Goldman Sachs downgrades to neutral, target cut from 330p to 322p. BG Group: Deutsche Bank downgrades to hold, target cut from 1,700p to 1,350p; Liberum Capital downgrades to hold. British Sky Broadcasti
Read moreTuesday broker round-up - UPDATE
30th Oct 2012 08:23
African Barrick Gold: Nomura cuts target from 605p to 525p, buy rating kept. Aggreko: Seymour Pierce keeps buy rating and 2,500p target. Aquarius Platinum: Seymour Pierce keeps reduce rating and 34p target. ARM Holdings: Jefferies raises target from 485p to 693p, hold rating kept. ASOS: HSBC hik
Read moreLondon close: Stocks fall as Hurricane Sandy batters the US
29th Oct 2012 16:32
UK stocks finished slightly lower after a volatile session with markets showing caution as Hurricane Sandy hits the east coast of America, causing the New York Stock Exchange to suspend trading for today and possibly tomorrow. "It's been a day of low volumes today as investors hold back to assess t
Read moreMonday broker round-up
15th Oct 2012 09:33
Anglo American: Goldman Sachs downgrades to sell. Antofagasta: Goldman Sachs downgrades to neutral, target cut from 1,150p to 1,100p. Asian Plantations: Panmure Gordon cuts target from 400p to 380p, buy rating kept. AVEVA: Panmure Gordon keeps hold rating and 1,878p target. Bellzone Mining: Gold
Read moreLondon close: Stocks dampened by global growth concerns
8th Oct 2012 16:32
- Miners fall on global growth concerns - Supermarkets perform well after broker comments - World Bank cuts Chinese growth forecasts Cyclical stocks suffered falls on Monday as growing uncertainty about the Eurozone and concerns over global growth dampened the mood. "Stocks traded lower today as i
Read moreFTSE 250 movers: Cookson plunges after profit warning
8th Oct 2012 16:14
Cookson, which provides materials and know-how to the steel production, foundry castings and eletronics markets, has warned on full-year profits after a sticky third quarter for its Engineered Ceramics division. Investec said this morning that 10% downgrades to consensus earnings estimates are now l
Read moreFriday broker round-up
5th Oct 2012 08:19
Anglo American: AlphaValue upgrades from add to buy. Betfair: Panmure Gordon cuts target from 1,000p to 977p, buy rating kept. BHP Billiton: AlphaValue downgrades from add to reduce. Burberry: Morgan Stanley upgrades to overweight, target kept at 1,190p; UBS keeps neutral rating and 1,170p target
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