Wednesday broker round-up
5th Sep 2012 09:20
AMEC: Nomura retains buy rating and 1,240p target. Ashtead: UBS ups target from 340p to 375p, buy rating unchanged. ASOS: Oriel Securities upgrades to buy; BarCap upgrades to overweight, target lifted rom 1,800p to 2,400p. BP: Investec keeps buy rating and 460p target. BT Group: JPMorgan Cazenov
Read moreFTSE 250 movers: Talvivaara gains after reassuring investors
3rd Sep 2012 15:17
Finnish zinc and nickel mining company Talvivaara was a high riser after it denied it will be cutting jobs as part of a cost savings plan. Rumours had been circulating that the low price of nickel would force a reduction in headcount. Shares in Lonmin, one of the world's biggest platinum producers
Read moreLondon midday: Stimulus hopes increase ahead of ECB meeting
3rd Sep 2012 11:29
- ECB to meet Thursday, all eyes on Draghi - Chinese data disappoints, prompts expectations for stimulus - Glencore/Xstrata merger at risk ahead of vote UK stocks were making strong gains on Monday morning with miners leading the way as investors showed optimism that central bankers will act to boo
Read moreBroker tips: Morrisons, Prudential, Home Retail
3rd Sep 2012 11:24
Nomura has downgraded its rating for supermarket group Morrisons after analysing the recent Kantar grocery survey. According to the survey, Morrisons' volume growth lagged behind its counterparts by around 4% at the last data point. "We recognise MRW's ability to preserve profitability, having fac
Read moreBroker snap: Investec upgrades Home Retail on improving trends at Argos
3rd Sep 2012 11:12
Investec has upgraded its rating for Argos and Homebase owner Home Retail Group, saying that the firm's second-quarter trading statement next week could see a pick up in sentiment. The broker is forecasting a second-quarter of improved like-for-like (LFL) sales from Argos. Given its expectation of
Read moreMonday broker round-up
3rd Sep 2012 09:14
APR Energy: UBS raises target from 590p to 600p, sell rating unchanged. ARM Holdings: Deutsche Bank downgrades to sell, target cut from 465p to 400p. Burberry: Nomura keeps buy rating and 1,450p target. Cairn Energy: BarCap cuts target from 445p to 350p, equal weight rating kept. Computacenter:
Read moreLondon open: Miners gain as stimulus hopes lift the mood
3rd Sep 2012 08:12
- Chinese PMI drops, but stimulus hopes increase - US data in focus ahead of Fed meeting - Eyes turn to ECB conference Stock markets across Europe opened moderately higher on Monday morning as some gloomy data from China spurred hopes that the country would join the list of nations who are expecte
Read moreMonday broker round-up -UPDATE
20th Aug 2012 08:17
AstraZeneca: JPMorgan Cazenove downgrades to underweight, target lifted from 2,800p to 2,970p. Balfour Beatty: JPMorgan Cazenove downgrades to neutral. Barclays: Citigroup reiterates buy and 330p target price. ENRC: Credit Suisse downgrades to neutral, target cut from 500p to 450p. FirstGroup: J
Read moreMonday broker round-up
23rd Jul 2012 09:31
Abcam: Numis downgrades to add. Aberdeen Asset Management: Peel Hunt upgrades to buy. Barclays: Nomura keeps reduce rating and 210p target. Beazley: Nomura ups target from 147p to 165p, neutral rating kept. Hammerson: Jefferies maintains buy rating and 487p target. Home Retail: Numis upgrades t
Read moreFTSE 250 movers: Imagine, says Goldman
20th Jun 2012 15:56
Invensys has shot higher after the British maker of rail signaling and industrial automation systems told investors that it is evaluating options including a sale after Emerson Electric expressed interest in buying some or all of the company, people familiar with the situation told Bloomberg. Chip
Read moreWednesday broker round-up
20th Jun 2012 09:21
Burberry: Nomura maintains buy recommendation and 1,530p target. Chariot Oil & Gas: Merchant Securities keeps buy rating and 232p target. Home Retail: HSBC downgrades to neutral, target cut from 110p to 100p. Imagination Tech: UBS cuts target from 480p to 470p, neutral rating unchanged. Internat
Read moreLondon close: Stocks jump ahead of FOMC meeting
19th Jun 2012 16:44
- Markets look to FOMC with optimism - G20 meeting still ongoing, leaders pledge support - Whitbread, Home Retail lead risers in London Central bank stimulus speculation was doing the rounds today ahead of a key policy meeting in the US, fuelling a strong rise for the Footsie - the index finished a
Read moreFTSE 250 movers: Home Retail boosted by Argos sales
19th Jun 2012 15:51
Shares in Home Retail Group leapt after Argos sales held up in the first quarter, delighting investors who expected them to be hit by bad weather. The stock jumped nearly 24% after Argos revenues came in at £819m for the quarter, down 0.2% on a like-for-like basis. The City consensus was for a 4% fa
Read moreSector movers: Home Retail boosts retailers, Danone dents food stocks
19th Jun 2012 15:50
With Home Retail's market value increasing by a quarter, the general retail sector was the best performing category on Tuesday afternoon. The stock jumped in early trading after revenues at its Argos division came in at £819m for the quarter, down just 0.2% on a like-for-like basis. The City consen
Read moreLondon midday: Stimulus hopes drive gains
19th Jun 2012 11:28
- G20 to take 'all necessary policy measures' - UK, US stimulus hopes boost markets - Whitbread, Home Retail rise strongly UK stocks were trading near their highest levels of the day by lunchtime on hopes that the world's leaders can pull together to battle the global financial crisis. According t
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