Broker tips: LSE, Hargreaves Lansdown, British Land, Friends Life
24th Nov 2014 15:04
Financial services group London Stock Exchange's steady earnings growth, in an environment where most of its peers have suffered earnings downgrades, has seen its stock significantly outperform its peers. Analysts at Citigroup expect the earnings momentum from the company's high-growth businesses, s
Read moreLondon midday: UK stocks treading water after recent gains, Petrofac shares tank
24th Nov 2014 11:32
After finishing the previous session at a two-month high, UK stocks were treading water on Monday as investors paused for breath. The FTSE 100 was down just six points, or 0.09%, at 6,744.94 by midday, with Petrofac providing a drag on the blue-chip index after a profit warning. Shares in the oilfie
Read moreHargreaves Lansdown shares drop as Citi downgrades to 'sell'
24th Nov 2014 10:49
After upgrading their rating on Hargreaves Lansdown just last month, analysts at Citigroup have cut the stock from 'neutral' to 'sell' following the recent run in the share price. "We upgraded from 'sell' to 'neutral' last month. Recently, however, shares have rallied strongly and there is now 17% d
Read moreThursday broker round-up UPDATE
6th Nov 2014 10:01
Amec: UBS cuts target price from 1185p to 1150p, while its buy recommendation remains unchanged. Afren: Liberum Capital cuts target price from 121p to 95p and stays with its hold recommendation. Antofagasta: Canaccord cuts target price from 790p to 760p and reiterates a hold recommendation. Associ
Read moreCredit Suisse turning positive on asset managers, upgrades Schroders and Jupiter
4th Nov 2014 09:56
Credit Suisse said on Tuesday that it is "turning more positive" on the European asset-management sector as it upgraded its ratings for Schroders and Jupiter Fund Management. Following market weakness at the end of the third quarter and beginning of the fourth, Schroders is now rated 'outperform' (p
Read moreTuesday broker round-up UPDATE
4th Nov 2014 09:32
Aberdeen Asset Management: Credit Suisse ups target price from 440p to 455p and keeps a neutral rating. Anglo Eastern: FinnCap initiates with a target price of 880p and a buy recommendation. Ashmore: Credit Suisse downgrades to underperform. Barclays: Citi moves target price from 300p to 315p stay
Read moreFTSE 100 movers: Travel stocks fly higher
21st Oct 2014 14:51
Travel stocks were once again in positive territory as the sector recovered from a recent poor performance amid mounting concerns about the Ebola crisis. A report from Reuters claiming the European Central Bank is considering the possibility of buying corporate bonds on the secondary market, potenti
Read moreLondon midday: ECB stimulus hopes lift stocks, but earnings reports mixed
21st Oct 2014 11:38
Decent gains in the financial, energy and retail sectors helped the FTSE 100 rise strongly on Tuesday, despite some mixed blue-chip earnings and economic data from China. Also helping sentiment were reports that the European Central Bank is considering buying corporate bonds on the secondary market.
Read moreFTSE 100 movers: Oil stocks rise as Rolls-Royce falls into last place
17th Oct 2014 15:58
Tullow Oil, Shell and a number of other oil companies were all trading in positive territory on Friday afternoon thanks to a continued rebound in crude prices. Fears about an oversupply of oil saw West Texas Intermediate (WTI) crude drop below $80 a barrel this week, while Brent futures sank to a fo
Read moreBroker tips: Shire, Hargreaves Lansdown, Rio Tinto, Balfour Beatty
15th Oct 2014 12:25
Abbvie's potential $54bn takeover of Shire should still go through, according to an analyst at Panmure Gordon, despite fears on Wednesday of the deal sinking after the US firm said it was reconsidering. "The board of Abbvie has a responsibility to its shareholders to consider new facts relating to a
Read moreCitigroup upgrades Hargreaves Lansdown after recent drop
15th Oct 2014 09:47
Citigroup has raised its recommendation for financial services group Hargreaves Lansdown from 'sell' to 'neutral', saying that while concerns remain the stock's poor performance so far this year has gone far enough. The target price for the shares has been slashed from 980p to 830p, but the bank has
Read moreFTSE 100 movers: Burberry declines after seeing a 'more difficult external environment'
14th Oct 2014 16:18
Burberry delivered double-digit underlying growth in the first half but shares in the high end fashion group slumped after the firm said that it has experienced a "more difficult external environment" with a softening in growth from Chinese consumers both home and when travelling. Financial services
Read moreBroker tips: Burberry, Hargreaves Lansdown, SABMiller, BSkyB
14th Oct 2014 12:44
The Share Centre has repeated its 'buy' stance on Burberry despite the luxury fashion group's gloomy outlook which sunk shares on Tuesday. There are short-term challenges, analyst Helal Miah admitted, but "we believe there are solid grounds for optimism". He said that the "sheer scale" of the middle
Read moreLondon midday: Weak economic data and earnings sink stocks
14th Oct 2014 12:10
A wave of disappointing corporate updates and worse-than-expected data from the Eurozone pushed UK stocks firmly into the red on Tuesday, as concerns about the global economy continued to weigh on sentiment. The FTSE 100 was down 0.7% at 6,322 by midday, as gains in the mining sector were offset by
Read moreHargreaves Lansdown still a 'buy' despite short-term challenges
14th Oct 2014 10:31
Financial services group Hargreaves Lansdown is still worth a 'buy' for its long-run prospects, but the short-term outlook is less certain, according to Peel Hunt. The company's first-quarter trading update on Tuesday was more or less as expected, the broker said, with assets under administration at
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