Friday newspaper round-up: Moodys, Xstrata, Apple
22nd Jun 2012 06:53
Britain's high street lenders last night had their credit ratings cut by Moody's, the ratings agency, as part of a major worldwide downgrade of bank ratings. The review was announced months ago, meaning any impact is likely to be muted as the downgrades were already priced in by the market. All four
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 moreTuesday broker round-up
12th Jun 2012 08:20
Amlin: Deutsche Bank upgrades to buy, target lifted from 420p to 435p. British Sky Broadcasting: Morgan Stanley upgrades to overweight, 790p target maintained. Consort Medical: Canaccord Genuity maintains buy rating and 744p target. easyJet: HSBC downgrades to neutral, target cut from 580p to 530
Read moreProfit forecasts for European airlines downgraded
11th Jun 2012 15:11
The 2012 profit forecast for the global airline industry was maintained on Monday, according to the International Air Transport Association (IATA), though the airline body has significantly cut its forecasts for European carriers as the Eurozone crisis continues to take its toll on companies' bottom
Read moreMonday broker round-up
11th Jun 2012 09:37
Antofagasta: RBS Capital Markets downgrades to underperform. Ashtead: Jefferies keeps buy recommendation and 300p target. Barclays: Bank of America Merrill Lynch keeps buy rating and 370p target; Oriel Securities reiterates buy recommendation and 285p target. BP: Nomura retains neutral stance and
Read moreMonday newspaper round-up: China, RBS, Syria
11th Jun 2012 07:05
China's leadership remains under pressure to rescue the world's second-biggest economy from an ugly slowdown, despite a surprise leap in foreign trade last month. Exports surged by 15.3 per cent compared with May last year, while imports increased by 12.7 per cent thanks to a rise in demand for crud
Read moreBroker tips: National Grid, IAG, Lamprell
8th Jun 2012 12:52
Credit Suisse has raised its target price for utilities giant National Grid (NG) and reiterated its outperform rating, saying that Ofgem's new RIIO regulation presents a 2.5bn-pound opportunity for the group. "NG has started to perform well again, as negative perceptions on the balance sheet and di
Read moreBroker snap: Investec upgrades IAG to hold
8th Jun 2012 09:40
Investec has upgraded its recommendation for British Airways and Iberia owner International Consolidated Airlines Group (known as IAG) from sell to hold despite cutting its near-term forecasts. To reflect recent trading, the BMI acquisition, the recent fall in jet fuel as well as dollar strength an
Read moreFriday broker round-up
8th Jun 2012 08:11
AVEVA: Merchant Securities maintains buy rating and 1,850p target. Berendsen: HSBC upgrades to overweight, target cut from 575p to 550p. BP: Credit Suisse maintains outperform recommendation and 540p target. BT Group: Nomura cuts target from 295p to 285p, buy rating unchanged. International Cons
Read moreJune off to a flyer for IAG despite Spanish woes
7th Jun 2012 15:13
International Airlines Group (IAG), the company behind British Airways and Iberia, saw growth in both premium and non-premium traffic in May. Group premium traffic for the month of May grew by 1.7% compared to May 2011, while non-premium traffic grew 7.5% year-on-year. The number of passengers car
Read moreSunday share tips: TomCo Energy, Magnolia Petroleum, IAG
3rd Jun 2012 19:39
Magnolia Petroleum, whose shares trade on the Alternative Investment Market, is run by Rita Whittington, an expert who has spent more than 30 years in the industry. As a senior director of two private American oil firms, her most recent ventures were immensely profitable. Now Whittington is hoping t
Read moreLondon close: Stocks rally after strong start in US
29th May 2012 16:29
-US markets provide a lift after long weekend -Chinese optimism lifts resource stocks -Greggs celebrates pasty tax U-turn With US stocks starting on the front foot following a long weekend, London's blue-chip equities were given a boost helping the Footsie to rally in afternoon trade. Investors St
Read moreFTSE 100 movers: Wolseley leads the way lower as growth slows
29th May 2012 14:42
Leading the fallers was plumbers' merchant Wolseley which saw like-for-like growth slow down in its fiscal third quarter as it runs up against tougher comparatives from last year. Banking groups were also providing a drag in London with heavyweight constituents RBS, Lloyds, and Standard Chartered
Read moreLondon close: Gains erased as Spanish yields advance
28th May 2012 17:02
- Gains trimmed by the end of trade - Newsflow improves in Greece; New Democracy support increases - Spanish concerns weigh on sentiment London blue chips finished broadly flat on Monday as the initial optimism surrounding the Greek elections was outweighed in afternoon trade by ongoing concerns ab
Read moreFTSE 100 movers: Miners rise but IAG flying low
28th May 2012 15:28
Copper miners Rio Tinto, Xstrata and Antofagasta were tracking copper prices higher on the back of falling stockpiles in China and favourable comments by Citigroup. Citi analyst Heath Jansen this morning adjusted his short-term view on the copper industry from bearish to neutral. Outsourcing group
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