Tuesday broker round-up UPDATE
14th Oct 2014 09:17
Anglo Pacific: FinnCap upgrades to buy with a target price of 158p. Peel Hunt shifts target price from 196p to 198p retaining its buy recommendation. Ashmore: Canaccord Genuity upgrades from sell to hold with a target price of 300p. Numis cuts target price from 369p to 355p retaining an add rating.
Read moreLondon open: UK stocks slip on weak earnings, Burberry drops
14th Oct 2014 09:05
UK stocks declined on Tuesday as gains in the mining sector were offset by disappointing updates from the likes of Burberry, Hargreaves Lansdown, SABMiller, Michael Page International and Mulberry. The FTSE 100 was trading 0.4% lower at 6,344 in early trading as the index continues to rumble along a
Read moreHargreaves Lansdown reports record AuA despite weak investor confidence
14th Oct 2014 07:40
Financial services group Hargreaves Lansdown said assets under administration (AuA) reached a record high in the first quarter, but investor confidence took a hit after the recent volatility across global markets. The ISAs, pensions, funds and shares company said AuA totalled £47bn by the end of Sep
Read moreLondon close: ECB conference sends FTSE sliding more than 100 points lower
2nd Oct 2014 17:15
London's blue chips ended Thursday's session more than 100 points lower, as the European Central Bank (ECB) conference disappointed traders. The FTSE 100 closed 111.13 points below the opening bell, at 6,446.39. The ECB decided to keep key rates unchanged and unveiled further details of its asset-b
Read moreFTSE 100 movers: Hargreaves rises after Numis upgrade
2nd Oct 2014 16:19
Hargreaves Lansdown was one of just a handful of stocks to rise on Thursday, driven higher by Numis which upgraded its rating on the stock to 'buy'. Readacross from its US peer United Rentals sent shares in Ashtead into the red. Sainsbury continued its path lower following a disappointing update th
Read moreLondon midday: Stocks in the red as ECB rate decision edges closer
2nd Oct 2014 11:29
UK stocks were starting to come off their earlier losses around midday, having fallen sharply early on ahead of the European Central Bank (ECB) rate decision. At the midday point, the FTSE was 13.95 points lower at 6,543.57. Although the ECB is not expected to adjust its current rate, there was spe
Read moreThursday broker round-up UPDATE
25th Sep 2014 08:48
Amec: UBS raises target price from 1100p to 1215p upgrading from neutral to buy. Aquarius Platinum: Citi lowers target price from 26p to 22p maintaining a neutral rating. Arrow Global: Panmure Gordon ups target price from 335p to 360p and keeps a buy recommendation. Barr (AG): Numis ups target pri
Read moreLiberum sells Hargreaves Lansdown on "extreme" margin pressure
4th Sep 2014 13:21
Liberum reiterated its 'sell' recommendation on savings and investment group Hargreaves Lansdown after weighing up the "extreme" pressure on income margin that was revealed in the company's results on Wednesday. Analyst Justin Bates does see some upside risk from the launch of new cash products or
Read moreBroker tips: Standard Life, Hargreaves Lansdown, Wm Morrison, Balfour Beatty, Supergroup
4th Sep 2014 13:00
Standard Life (SL) shares should "re-rate upwards" after the £2.2bn sale of its Canadian operations Manulife Financial, according to Deutsche Bank. The bank kept a 'buy' rating for the insurance stock and lifted its target price by 6% from 428p to 455p. "In addition to the high price achieved, we s
Read moreFTSE 100 movers: Ashtead leads after raising full-year estimates
3rd Sep 2014 15:59
Equipment rental group Ashtead Group was a top riser after saying it expects to beat full-year estimates after profits jumped by a third to a record high in its first quarter. Results were supported by strong revenue growth and improving margins. Barclays gained after selling its Spanish operations
Read moreLondon midday: UK stocks hit 14-year high on Ukraine hopes
3rd Sep 2014 12:55
- Ukraine and Russia working towards a ceasefire, reports say - Chinese, UK services PMIs improve, Eurozone PMI falls - Ashtead rises after upbeat outlook - Vodafone up on takeover speculation techMARK 2,879.44 +0.71% FTSE 100 6,882.50 +0.78% FTSE 250 16,018.45 +0.33% London's FTSE 100 hit its hig
Read moreLondon open: UK stocks at two-month high as Ashtead, Vodafone gain
3rd Sep 2014 09:11
- HSBC China services PMI jumps to 17-month high - Investors digest weak Eurozone services data, await UK figures - Ashtead ups full-year view after strong Q1 - Vodafone rises on takeover speculation techMARK 2,871.10 +0.42% FTSE 100 6,869.21 +0.59% FTSE 250 15,990.24 +0.16% UK stocks were trading
Read moreHargreaves Lansdown final results in line, looks forward to rate rise
3rd Sep 2014 08:01
- AuA up 29% to £46.9bn - Basic EPS up 9% to 34.5p, in line - Total dividend up 8% to 32p Final results from Hargreaves Lansdown showed assets under administration were broadly in line but the company was optimistic about its ability to deal with new regulatory changes and added an extra dividend.
Read moreLondon pre-open: UK stocks to edge higher ahead of economic data
3rd Sep 2014 07:46
UK stocks were expected to open slightly higher on Wednesday after three straight days in positive territory. However, gains were likely to be limited ahead of a raft of economic data, including services purchasing managers' indices (PMIs) from the Eurozone and UK, Eurozone retail sales and US fact
Read moreWednesday preview: All eyes on UK services PMI on Wednesday morning
2nd Sep 2014 16:54
A crucial gauge of the UK economy, the services purchasing managers index (PMI), is published at 09.30 on Wednesday, with economists predicting a slide to 58.5 from the 59.1 recorded last month. Services is the main contributor to UK gross domestic product, with the sector employing around four-fi
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