Tuesday broker round-up - UPDATE
22nd May 2012 09:26
Chamberlin: Charles Stanley maintains buy rating and 175p target. easyJet: Investec upgrades from hold to buy, target hiked from 500p to 670p. HomeServe: Charles Stanley cuts target from 290p to 250p, rating under review; Jefferies maintains underperform rating and 195p target. Inmarsat: UBS cut
Read moreLondon open: Footsie jumps one per cent early on
22nd May 2012 08:45
- ECB provides 100bn euros to Greece - Markets await EU summit - Miners, financials on the up early on London's blue chips surged in early morning trading on Tuesday as stocks continued to rebound following a poor performance last week ahead of an eagerly awaited summit of European leaders tomorrow
Read moreHomeserve to face FSA probe
22nd May 2012 07:07
Homeserve, the home emergency insurance and repairs group, said that it was facing an investigation by the Financial Services Authority over 'certain historic issues'. The firm has had a torrid year that saw it temporarily suspend its UK sales and marketing activity in October after evidence emerge
Read moreTuesday preview: Vodafone, Marks and Spencer, UK inflation
21st May 2012 15:52
Footsie stalwarts Vodafone and Marks and Spencer will both be vying for attention early doors on Tuesday. Full year results from Vodafone should see the group's pre-tax profit break through the £10bn barrier. Consensus estimates are for profit before tax of £10.26bn for the year to March 31st, up
Read moreHomeServe close to restarting outbound calls
29th Mar 2012 07:15
HomeServe, the struggling home emergency insurance and repairs group, has said that full-year profits will be in line with market expectations, which have come down slightly since the group's last update. The company, which has been dogged over mis-selling issues for the last six months, said that
Read moreHomeserve non-exec buys shares for £44,255
13th Feb 2012 16:13
Stella David, a non-executive director of Homeserve, the emergency repair group, has stocked up on shares in the firm with a £44,255 purchase. David, who joined the board in November 2010, bought 17,688 at 250.20p each, less than a week after the firm announced 200 job cuts. Despite the cuts, th
Read moreNew Homeserve director opens account
10th Feb 2012 15:23
A non-executive director of FTSE 250 emergency repair group Homeserve has purchased his first lot of shares one month after joining the firm. Ben Mingay, who joined the board at the start of January, bought himself 20,000 at 250.70p for a total of £50,140. The purchase comes just days after the s
Read moreThursday broker round-up - UPDATE
9th Feb 2012 09:16
Homeserve: Credit Suisse raises target price to 275p from 250p, stays at neutral. Reckitt Benckiser: Credit Suisse reiterates outperform. BHP Billiton: Credit Suisse retains outperform. Tate & Lyle: Panmure Gordon raises target from 645p to 690p, hold rating kept; JP Morgan reiterates underweigh
Read moreLondon close: Stocks slip as Greek talks commence
8th Feb 2012 16:37
- Greek talks now underway in Athens. - Investors await policy decision by BoE tomorrow. - Reckitt leads risers after full-year results. The earlier optimistic mood in global equity markets soon faded as talks between Greek leaders commenced on Wednesday afternoon. The Footsie slipped towards the e
Read moreFTSE 250 movers: Less than super January for SuperGroup
8th Feb 2012 14:57
Stock markets rarely have mercy on a growth stock that trips up and so it proved with SuperGroup, owner of the Superdry brand, which issued a profit warning on Wednesday. The shares plunged after the group said profit for the year will be towards the lower end of market expectations as it experien
Read moreBroker tips: Reckitt, SuperGroup, HomeServe
8th Feb 2012 11:50
Cillit Bang maker Reckitt Benckiser reported better-than-expected headline earnings per share (EPS) and good top-line growth momentum in its full-year results today, according to Nomura which reiterated its buy recommendation on the consumer products giant. "The company is guiding for 3-4% organic
Read moreLondon midday: Stocks up as investors await news from Greece
8th Feb 2012 11:46
- Reckitt, miners and banks provide a lift on the FTSE 100. - Big movers on the FTSE 250 drag index into the red. - Markets await news from Greek meetings. Stocks pared gains by midday but were still trading in positive territory as investors awaited developments from Greece with leaders still grap
Read moreBroker snap: HomeServe's 2013 forecasts now at risk, says Peel Hunt
8th Feb 2012 11:25
Peel Hunt has maintained its sell rating and 220p target price on emergency repair services firm HomeServe, saying it expects to make further cuts to 2013 forecasts. "Nearly all the guidance given by the company before Christmas has been revised lower in this morning's IMS and, ahead of the confere
Read moreWednesday broker round-up - UPDATE
8th Feb 2012 09:22
Reckitt Benckiser: Nomura maintains buy rating and 3,900p target. BP: UBS ups target from 500p to 525p, buy recommendation unchanged; Nomura keeps neutral rating and 500p target. Xstrata: UBS lifts target from 1,450p to 1,500p, buy rating kept. BSkyB: AlphaValue upgrades from reduce to add, targe
Read moreLondon open: Stocks rise with Greece in focus
8th Feb 2012 08:42
- Greek leaders scheduled to discuss draft deal. - Reckitt rises strongly after beating full-year targets. - Miners, financials provide a lift. Stocks opened higher on Wednesday following two days in the red, with banks and resource stocks providing a lift. Worth noting, the FTSE All-World equity i
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