London open: Stocks fall ahead of Eurozone meeting
12th Apr 2013 08:40
Renewed concerns about the Eurozone were weighing on markets on Friday morning with the FTSE 100 pulling back after four consecutive days of gains ahead of a meeting of European finance ministers later today. It was revealed yesterday in a draft of the updated rescue plan for Cyprus that the countr
Read moreFriday broker round-up UPDATE
12th Apr 2013 07:25
Aggreko: Panmure Gordon raises target price fro, 1727p to 2106p and upgrades from hold to buy. Alternative Networks: Westhouse Securities moves target price from 280p to 295p and reiterates a neutral rating. Investec raises target price from 330p to 350p maintaining a buy recommendation. Finncap in
Read moreBroker tips: Banks, Asset managers, Next
5th Apr 2013 10:41
Investec has turned more bullish on global banking giant HSBC, upgrading the stock from 'add' to 'buy', but has retained a clear preference for sector peer Standard Chartered (also rated 'buy'). Analyst Ian Gordon said in a research note on Friday that both HSBC and StanChart are expected to delive
Read moreBroker snap: Investec upgrades HSBC to 'buy', but prefers StanChart
5th Apr 2013 10:28
Investec has turned more bullish on global banking giant HSBC, upgrading the stock from 'add' to 'buy', but has retained a clear preference for sector peer Standard Chartered (also rated 'buy'). Analyst Ian Gordon said in a research note on Friday that both HSBC and StanChart are expected to delive
Read moreFriday broker round-up UPDATE
5th Apr 2013 08:33
Aberdeen Asset Management: Jefferies moves target price from 400p to 420p keeping a hold recommendation. Aggreko: Investec reduces target price from 2065p to 1900p downgrading from buy to add. APR Energy: Investec takes target price from 650p to 900p retaining a hold recommendation. ARM Holdings:
Read moreEuromoney signs deal with HSBC - UPDATE
4th Apr 2013 07:10
Euromoney Institutional Investor, the FTSE 250 international online information and events group, has signed a binding agreement with banking giant HSBC to acquire its Quantitative Techniques (QT) operation. QT creates and maintains more than 100 equity and bond indices for HSBC's Global Markets di
Read moreHSBC sells insurance portfolios in Singapore
3rd Apr 2013 10:46
HSBC Holdings has agreed to sell its group term life insurance and group medical insurance portfolios in Singapore to AXA Life Insurance Singapore Private. The portfolios, under the bank's subsidiary HSBC Insurance (Singapore), were put at a gross asset value of 23.5m Singapore dollars at December
Read moreMonday broker round-up UPDATE
25th Mar 2013 07:12
Amur Minerals Corporation: HB Markets initiates with a speculative buy. ARM Holdings: Bank of America Merrill Lynch reiterates buy and 1,145p price target. AstraZeneca: Deutsche Bank raises target price from 2800p to 3100p and keeps a hold recommendation. Exane BNP ups target price from 3100p to 3
Read moreLondon midday: Markets cautious on critical day for Cyprus
22nd Mar 2013 11:47
European stocks were making moderate gains on Friday morning but the mood on financial markets was cautious with the focus firmly on Cyprus ahead of pivotal day for the country's future in the Eurozone. According to government spokesman Christos Sylianides this morning, the "next few hours" are key
Read moreBroker tips: HSBC, BP, HomeServe
22nd Mar 2013 11:09
Bank of America Merrill Lynch has taken a less bearish view on global banking group HSBC and moved its recommendation from 'underperform' to 'neutral'. BofA said: "While we remain concerned about the return on equity capacity of HSBC, it has done an outstanding job in improving capital ratios, some
Read moreBroker snap: BofA upgrades HSBC to 'neutral'
22nd Mar 2013 09:07
Bank of America Merrill Lynch has taken a less bearish view on global banking group HSBC and moved its recommendation from 'underperform' to 'neutral'. The broker said that its previous rating was built on concerns surrounding concensus earnings, the drag of increasing capital on organic growth and
Read moreFriday broker round-up UPDATE
22nd Mar 2013 08:48
Afren: Nomura shifts target price from 175p to 180p keeping a neutral rating. ASOS: Nomura increases target price from 2000p to 2630p, while reiterating a neutral rating. Betfair: Panmure Gordon takes target price from 761p to 813p and leaves its buy recommendation unchanged. Brewin Dolphin Holdi
Read moreHSBC accused of money laundering in Argentina
19th Mar 2013 11:21
HSBC has been hit with allegations of money laundering in Argentina following a fine for similar claims in the US last year, according to a number of reports published Tuesday. Argentina's tax agency Afip has accused the banking giant of assisting companies in laundering 392m pesos and evading 224
Read moreTuesday broker round-up UPDATE
19th Mar 2013 07:21
Admiral Group: Canaccord Genuity raises target price from 1050p to 1215p, but reiterates its sell recommendation. BAE Systems: Investec moves target price from 325p to 375p retaining a hold recommendation. Balfour Beatty: Numis lowers target price from 330p to 300p and downgrades to add. BHP Bill
Read moreLondon close: Stocks trim losses as bank-run fears subside
18th Mar 2013 16:44
After registering sharp declines early on, stock markets across Europe had clawed back losses by the close of trade on Monday, as concerns of a contagious bank run across the Eurozone periphery were eased. Markets suffered a steep sell-off in the morning session after this weekend's controversial b
Read more