Monday broker round-up UPDATE
11th Mar 2013 07:23
Admiral Group: Berenberg ups target price from 1000p to 1060p, but still recommends selling. Amlin: Westhouse Securities raises target price from 440p to 455p, but downgrades from add to neutral. Anite Group: Invetsec downgrades from buy to hold with a target price of 157p. Aviva: Citigroup reduc
Read moreFriday broker round-up UPDATE
1st Mar 2013 07:17
Ashtead Group: Citigroup increases target price from 487p to 590p and keeps a buy recommendation. Atkins: JP Morgan raises target price from 893p 920p, reiterating an overweight rating. Berendsen: Panmure Gordon moves target price from 582p to 760p, while staying with its hold recommendation. Cant
Read moreLondon close: Stocks gain as US economic data impresses
28th Feb 2013 16:23
An upwards revision to US economic growth estimates prompted an afternoon rally in London, with markets extending gains after some dovish comments from central bankers in the US and Europe. Concerns about a recession in the States proved premature, as the initial estimate of a 0.1% contraction in U
Read moreFTSE 250 movers: National Express rises on increased dividend
28th Feb 2013 16:06
Tranpsort group National Express was a high riser after cheering investors with news of cost savings and an increased total dividend for 2012. Howden Joinery beefed up annual earnings and underlined its confidence in future trading with a six-fold increase in its full-year dividend. Howden, whose
Read moreLondon midday: RBS, miners limit gains on the Footsie
28th Feb 2013 11:45
Markets were lifted higher on Thursday morning by upbeat comments about central bank stimulus, though heavy losses from RBS and a number of miners were limiting gains for the FTSE 100. Speaking to Senate's Banking Committee on Capitol Hill over the last two days, US Federal Reserve Chairman Ben Ber
Read moreBroker tips: RBS, IAG, Howden
28th Feb 2013 10:59
Nomura has reiterated its 'reduce' recommendation and 300p target price for UK lender Royal Bank of Scotland (RBS), citing a decline of earnings power. Shares are trading at 9.2 times current Core EPS, improving to 8.2 times by 2014. "Given that we still see non-core headwinds for the group in 2014
Read moreBroker snap: Howden a 'sell' despite beating forecasts, says Panmure Gordon
28th Feb 2013 10:24
Kitchens and joinery products group Howden saw shares surge on Thursday morning after beating forecasts with its 2012 results; however Panmure Gordon has retained its 'sell' rating for the stock after a strong recent performance. "These are strong full-year results from Howden with pre-tax profit a
Read moreHowden Joinery ramps up dividend after solid year
28th Feb 2013 07:43
Howden Joinery beefed up annual earnings and underlined its confidence in future trading with a six fold increase in its full year dividend. Howden, whose products are predominantly sold to small local builders for installation in public and private housing, said group revenue rose to £887.1m from
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