FTSE 250 movers: St. Modwen climbs as Electrocomponents slides
13th Nov 2014 15:50
St. Modwen Properties rose after announcing that its 50/50 joint-venture French partner Vinci has been granted planning permission to redevelop the 57-acre New Covent Garden Market site in south London. The major 10-year project will see the delivery of over 500,000 square feet of new state-of-the-a
Read moreThursday broker round-up.-Update
13th Nov 2014 10:21
AstraZeneca: JP Morgan raises target price from 3700p to 4100p, keeping its underweight rating. AVEVA Group: Barclays upgrades to overweight. Bellway: Credit Suisse raises target price from 1876p to 1905p and keeps a neutral rating. Bow Leven: Barclays shifts target price from 45p to 50p and retai
Read moreThursday broker round-up UPDATE
6th Nov 2014 10:01
Amec: UBS cuts target price from 1185p to 1150p, while its buy recommendation remains unchanged. Afren: Liberum Capital cuts target price from 121p to 95p and stays with its hold recommendation. Antofagasta: Canaccord cuts target price from 790p to 760p and reiterates a hold recommendation. Associ
Read moreLondon close: M&S helps stocks to brush off downbeat services data
5th Nov 2014 16:11
Markets shrugged off fresh economic woes and gold price falls on Wednesday, helped by positive news from retailer Marks & Spencer (M&S). Continental European service sector data came in weak and UK service data also surprised on the downside, slowing to a 17-month low in October. Fears that the dec
Read moreHowden Joinery sees better than-expected annual profits
5th Nov 2014 09:50
Kitchen manufacturer and wholesaler Howden Joinery forecast better-than-expected profits after a good second half, boosting its shares. The FTSE 250-listed group said it had seen a good sales performance throughout the second half of the year, including during the important October trading period.
Read moreFriday broker round-up UPDATE
22nd Aug 2014 08:39
Ashtead Group: Berenberg raises target price from 1110p to 1145p maintaining its buy recommendation. Bank of Georgia: Peel Hunt increases target price from 2416p to 2600p and reiterates a hold recommendation. Boot (Henry): Numis upgrades from add to buy with a target price of 254p. Howden Joinery
Read moreFTSE 250 movers: Carillion and Balfour lead on merger talk
25th Jul 2014 14:37
Both Carillion and Balfour Beatty leapt after they confirmed rumours they are in discussions about a possible merger. The preliminary talks are to develop a strategy and outline a business plan for a combined entity, which it said would be "underpinned by the evaluation of achievable synergies, futu
Read moreFriday broker round-up UPDATE
25th Jul 2014 09:29
African Barrick Gold: Investec places both its target price (prev.: 212p) and its sell recommendation under review. Westhouse Securities ups target price from 250p to 285p upgrading from neutral to add. Barclays: Deutsche Bank cuts target price from 300p to 275p staying with its buy recommendation.
Read moreFTSE 250 movers: Howden Joinery rises on strong first half
24th Jul 2014 15:26
First-half results from Howden Joinery received a warm welcome from the market as the kitchen and joinery products group delivered a decent jump in interim profits and reported a strong start to the second half. Howden-branded UK depots generated revenue of £428.2m in the first half, up 11.6%, helpe
Read moreLondon midday: Stocks erase losses as banks and housebuilders gain
24th Jul 2014 12:04
- Banking, housing stocks provide a boost - Kingfisher, Easyjet slump after results - Ukraine still in focus as Russian sanctions discussed - Eurozone PMI improves, UK retail sales fall techMARK 2,821.65 -0.06% FTSE 100 6,802.89 +0.07% FTSE 250 15,726.48 0.00% UK stocks managed to turn around afte
Read moreHowden Joinery says current trading strong after solid first half
24th Jul 2014 10:47
- Group revenue up 11.4% - UK depots up 11.6% - "Improved market conditions" - "Well placed" to hit FY expectations First-half results from Howden Joinery received a warm welcome from the market on Thursday as the kitchen and joinery products group delivered a decent jump in interim profits and re
Read moreFriday broker round-up UPDATE
18th Jul 2014 07:55
Barclays: Credit Suisse cuts target price from 275p to 235p retaining a neutral rating. Barratt Developments: Liberum Capital reduces target price from 468p to 387p and downgrades to hold. Bellway: Liberum Capital reduces target price from 1900p to 1764p, while leaving its buy recommendation uncha
Read moreRecently appointed non-exec takes stake in DS Smith
14th Jul 2014 16:40
Recently appointed Non-Executive Director of DS Smith, Ian Griffiths, on Monday purchased 15,000 shares, marking his first stake in the consumer goods packaging firm. The shares were bought for 266.60p apiece for a total spend of £39,990. The deal comes a few weeks after FTSE 250 DS Smith reveal
Read moreSunday share tips: Debenhams, Johnston Press, Carpetright
22nd Jun 2014 14:13
Steer clear of shares in Debenhams, Questor advised in the Sunday Telegraph. There was no repeat of the December 31st profit warning when the department store group published its trading statement on June 20th. Trading was in line with expectations. But Debenhams has damaged its brand by repeatedly
Read moreHowden Joinery rejigs management roles after group review
30th May 2014 07:16
Howden Joinery Group, the parent company of the UK kitchen supplier Howdens, has made a number of changes to management roles as part of a organisational review. "As the economy recovers, and with significant opportunities to continue to grow the business profitably, the group has been undertaking
Read more