Glencore's Glasenberg buys another round
11th Jun 2012 15:49
Ivan Glasenberg, the Chief Executive Officer at Glencore International, has stayed true to his word and made another significant share purchase using part of the money he received from the firm's latest dividend payout. The director bought 2.83m shares at an average price of 356.65p for a total of
Read moreGlencore boss uses divi to top up stake
7th Jun 2012 16:04
Ivan Glasenberg, the Chief Executive Officer at Glencore International, has purchased 2.9m shares in the mining giant using part of the money he received from the firm's latest dividend payout. Glasenberg, who now owns just over 15.8% of the company, bought the shares at 344.3p each, spending a to
Read moreFTSE 250 movers: Betfair rises on Spanish licence news
7th Jun 2012 15:53
Online betting exchange Betfair rose after confirming it has received an online gaming licence from the Spanish government. The move had been anticipated since the end of May but the decision sees the final stage of a process begun in the Spring of last year, when Spain's new gambling legislation wa
Read moreBroker tips: Centamin, Synergy Health, Halfords
7th Jun 2012 12:10
Nomura has upgraded its rating for Egyptian gold miner Centamin from neutral to buy and increased its target price from 100p to 130p, saying that operational momentum may be turning positive after '18 months to forget'. "With the planned open-pit pushback now optimised for 2013-15 [following last w
Read moreBroker snap: UBS upgrades Halfords but reduces targets
7th Jun 2012 09:38
UBS has upgraded its rating for car and bike parts retailer Halfords from sell to neutral after the recent sell-off but has cut its forecasts after a 'very disappointing' start to the current fiscal year. "Current trading took the shine off a sensible strategy presentation that focussed on the main
Read moreThursday broker round-up
7th Jun 2012 09:23
Barclays: Deutsche Bank retains buy rating and 295p target. Burberry: Credit Suisse upgrades to outperform, target lifted from 1,420p to 1,650p. Centamin: Nomrua upgrades from neutral to buy, target lifted from 100p to 130p. Circle Oil: Investec cuts target from 90p to 86p, buy rating maintained.
Read moreBroker tips: Petropavlovsk, Ladbrokes, Retailers
6th Jun 2012 11:14
UBS has upgraded its rating for Russia-focused gold group Petropavlovsk from neutral to buy on the back of the recent share-price underperformance and weakness in the rouble. However, UBS has cut its target price from 650p to 630p after lowering its 2012 earnings per share (EPS) forecast by 22% to
Read moreBroker snap: Forecasts for retailers have 'moved from the nadir'
6th Jun 2012 11:04
Peel Hunt has named its top picks and top risks as part of its review of the general retail sector, saying that while the category has enjoyed a strong start to 2012, the recovery is likely to be a long haul. "Outperformance across the retail sector continues to be earnings- driven and stock-specif
Read moreWednesday broker round-up - UPDATE
6th Jun 2012 07:57
Chemring: Jefferies reiterates buy rating and 512p target. Bovis Homes: Liberum Capital downgrades to hold, target cut from 525p to 465p. Halfords: Peel Hunt downgrades from hold to sell. Imperial Tobacco: UBS reiterates buy rating and 2,745p target. Logica: UBS downgrades from buy to neutral, t
Read moreLondon close: Stocks drop after gloomy US data
31st May 2012 17:04
- US GDP, payrolls, jobless claims, Chicago PMI disappoints - Spain continues to dampen sentiment - M and A boosts IHG and Logica Despite a strong start early on, London's blue-chip index dropped into the red in afternoon trade as a raft of disappointing data from the US compounded fears over the
Read moreFTSE 250 movers: Logica soars 65 per cent on bid news
31st May 2012 14:59
Business consultancy Logica rocketed 65 per cent early on after news of an agreed bid from Canada's CGI Group. Information technology and business process services provider CGI is offering 105p cash per Logica share, valuing the company at around 1.7bn pounds. ?? Heading the other way was car and
Read moreLondon midday: IHG leads stocks higher
31st May 2012 11:45
- IHG jumps on M and A speculation - Logica soars after CGI bid - Stocks rise but eyes still focus on Eurozone Stocks had held on to early gains by Thursday lunchtime as the Footsie attempted to rebound from heavy falls the day before; concerns over Spain and its financial system sent stocks tumbli
Read moreLondon open: Stocks rebound, Logica rockets after CGI bid
31st May 2012 08:34
- Logica jumps 64pc after bid - Eyes on Ireland as public votes on fiscal treaty - Eurobonds still a possibility The FTSE 100 rebounded on Thursday morning following a sharp fall the day before, but gains were only modest as uncertainty over the Eurozone continues to weigh heavily on investors' min
Read moreHalfords full year profit hits the skids
31st May 2012 07:13
Car and leisure products retailer Halfords reported a 20 per cent drop in full year pre-tax profit and warned that retail sales in the 2013 financial year have so far been very disappointing. "In particular we have not seen the usual seasonal demand for Cycling and Outdoor Leisure products. We bel
Read morePersistent inflation to postpone recovery in UK consumption
29th May 2012 08:16
In a research note published on Tuesday morning economists at Barclays explain to clients what has led them to push out their forecast for a recovery in private consumption, namely persistent inflation; something which has been oft commented by some Bank of England watchers of late. Thus, Barclay
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