Wednesday broker round-up UPDATE
16th Jan 2013 07:16
Anglo American: Goldman Sachs reduces target price from 1650p to 1500p and reiterates its sell recommendation. Antofagasta: Goldman Sachs ups target price from 1100p to 1120p and still recommends to sell. ARM Holdings: UBS increases target price from 750p to 900p, while downgrading to neutral. As
Read moreFriday broker round-up UPDATE
14th Dec 2012 08:09
Anglo American: UBS reduces target price from 2150p to 1860p and downgrades to neutral. JP Morgan reiterates underweight. BG Group: Barclays reduces target price from 1490p to 1450p, while reiterating an overweight rating. BP: Barclays cuts target price from 500p to 480p and keeps an underweight r
Read moreFriday broker round-up UPDATE
7th Dec 2012 07:04
Bellway: Northland Capital raises target price from 1050p to 1150p and keeps a buy rating. Panmure Gordon raises target price from 957p to 1013p, while maintaining a hold recommendation. Berkeley Group: Panmure Gordon raises target price from 1390p to 1650p keeping a hold rating. Booker Group: Gol
Read moreLondon close: Markets unfazed by Osborne's budget
5th Dec 2012 17:10
- Miners gain on Chinese optimism - OBR cuts GDP forecasts - US ISM data lifts markets in afternoon trade The Footsie finished the day with decent gains on Wednesday as investors mostly shrugged off Chancellor George Osborne's budget statement, with the upbeat mood helped by economic data from the
Read moreFTSE 250 movers: Home Retail rises on upgrade
5th Dec 2012 15:34
Shares in Argos and Homebase owner Home Retail raced ahead today after Bank of America Merill Lynch upgraded the stock from 'neutral' to 'buy' and hiked its price target from 110p to 130p. The broker said: "We see Argos as a beneficiary of recent capacity withdrawal in the electricals area and als
Read moreLondon midday: Tesco and miners gain ahead of UK budget
5th Dec 2012 11:40
The FTSE 100 had come off its earlier highs but was still trading in positive territory by Wednesday lunchtime, as markets await the Autumn Statement from Chancellor of the Exchequer George Osborne. He is set to say: "In this Autumn Statement, we show that this coalition government is confronting t
Read moreWednesday broker round-up UPDATE
5th Dec 2012 07:19
Anglo American: Morgan Stanley reduces target price from 2110p to 1802p and keeps an equal weight rating. Brewin Dolphin Holdings: Peel Hunt raises target price from 185p to 230p and maintains a buy rating. British Sky Broadcasting Group: Nomura raises target price from 950p to 975p and reiterates
Read moreLondon close: Footsie registers best weekly performance this year
23rd Nov 2012 16:45
- FTSE 100 gains 3.8 per cent higher on the week - German and French confidence data beats expectations - EU summit ends with deadlock After a subdued start, UK stocks rallied in afternoon trade on Friday with decent economic figures from Germany and France lifting the mood. The positive finish h
Read moreFTSE 250 movers: Lonmin and Hochschild take a hit
23rd Nov 2012 15:40
Platinum miner Lonmin was among the heaviest fallers on the second-tier FTSE 250 index on Friday afternoon following some bearish comments by UBS this morning. The Swiss broker slashed its target price for Lonmin's shares from 260p to 240p and reiterated its 'sell' recommendation on the back of low
Read moreBears forced out of the woods by FSA
7th Nov 2012 13:47
The Financial Standards Authority is publishing a daily list of bearish bets by short sellers, which makes fascinating reading for investors. The list follows the introduction of European rules that came into force on November 1st. Under the regulations, all short positions worth more than 0.2% of
Read moreWednesday newspaper round-up: Pearson, Bank of England, Tesco
7th Nov 2012 07:16
Pearson, the FTSE 100 media group, is planning to explore a sale of the financial daily newspaper within months, Bloomberg reported, so that the company can focus on its fast-growing education division. Dame Majorie Scardino, the chief executive of Pearson, once said famously that the FT would be so
Read moreSunday share tips: African Barrick Gold, Home Retail, Tarsus
28th Oct 2012 18:32
African Barrick Gold (ABG) issued yet another disappointing statement on Friday - which has become something of a habit. The negative news this time was a cut in full-year production guidance and a surge in costs, which caused third-quarter profits to fall by more than 70 per cent. This is the third
Read moreThursday broker round-up - UPDATE
25th Oct 2012 08:20
APR Energy: Seymour Pierce upgrades from reduce to hold, target left at 650p. ASOS: Seymour Pierce raises target from 1,900p to 2,350p, hold rating kept. AstraZeneca: Jefferies keeps hold rating and 3,00p target. Berkeley Group: Goldman Sachs upgrades to conviction buy, target lifted from 1,950p
Read moreLondon close: Stocks rebound despite mixed economic data
24th Oct 2012 16:54
- Boeing, Facebook and SAP lift sentiment - Stocks rebound after heavy losses yesterday - Chinese and Eurozone data paints mixed picture UK stocks finished in positive territory on Wednesday, albeit only just, after some decent corporate earnings offset some mixed economic data from China and the E
Read moreFTSE 250 movers: Home Retails leap on Argos store closures
24th Oct 2012 15:34
Argos and Homebase owner Home Retail jumped after announcing its decision to close 75 Argos stores over the next five years. "We have concluded a comprehensive business review of Argos which highlighted a clear opportunity to transform the business through increased investment in digital technolog
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