Thursday broker round-up UPDATE
24th Jul 2014 08:59
Afren: JP Morgan shifts target price from 180p to 188p upgrading from underweight to overweight. Anglo American: Jefferies raises target price from 1550p to 1700p and reiterates a hold recommendation. Antofagasta: Jefferies increases target price from 825p to 1000p upgrading from hold to buy. ARM
Read moreThursday broker round-up UPDATE
17th Jul 2014 11:07
Antofagasta: Canaccord Genuity cuts target price from 870p to 835p and maintains a hold recommendation. African Minerals: Canaccord Genuity reduces target price from 230p to 170p and keeps a buy recommendation. Ashmore Group: Goldman Sachs downgrades to neutral with a target price of 430p. Barcla
Read moreICAP reports 14% drop in Q1 revenue
16th Jul 2014 11:09
Interdealer broker ICAP reported a 14% drop in first quarter revenue due to tough market conditions on trading. The company's voice broking division saw revenue drop 19%, reflecting structural and cyclical foctors including regulatory uncertainty, bank deleveraging and lack of interest rate and for
Read moreLondon midday: Stocks gain as UK construction PMI hits four-month high
2nd Jul 2014 12:04
- UK construction PMI hits four-month high - ADP report, factory orders in focus Stateside - Service PMIs, ECB and jobs report due out tomorrow - Mothercare jumps on foreign interest techMARK 2,841.71 +0.32% FTSE 100 6,823.02 +0.30% FTSE 250 15,907.17 +0.42% Figures showing a surprise pick-up in U
Read moreLondon open: Stocks edge higher ahead of key data
2nd Jul 2014 09:21
- Markets await US data, Yellen speech - Services data, ECB meeting and non-farm payrolls due out Friday - Mothercare jumps after Destination Maternity bid techMARK 2,838.22 +0.20% FTSE 100 6,821.55 +0.27% FTSE 250 15,914.05 +0.46% UK stocks edged higher on Wednesday morning though upside was limi
Read moreICAP denies allegations of facilitation of law breach
10th Jun 2014 12:17
Markets operator ICAP has denied allegations that it facilitated the breaching of EU competition law. In a brief statement, the group explained that the allegations, which are in relation to Yen Libor for isolated periods between 2007 and 2010, were made by the European Commission. They relate to
Read moreThursday broker round-up UPDATE
5th Jun 2014 09:37
Aberdeen Asset Management: Liberum Capital initiates with a target price of 555p and a buy recommendation. Ashmore Group: Liberum Capital starts with a target price of 303p and a sell recommendation. ASOS: N+1 Singer places both its target price (prev.: 4100p) and its hold recommendation under rev
Read moreThursday broker round-up UPDATE
15th May 2014 09:43
Anglo American: Credit Suisse ups target price from 1800p to 1850p downgrading to neutral. ASOS: Berenberg initiates with a target price of 5350p and a buy recommendation. Barclays: Jefferies lowers target price from 345p to 325p, while staying with its buy recommendation. Bioquell: N+1 Singer pl
Read moreFTSE 250 movers: 3i rises on good start to the year
14th May 2014 14:29
Private equity group 3i Group rose into the top spot after it said it was starting the year with good momentum and ambitious plans, after unveiling results that showed an encouraging improvement in net asset value (NAV). With private equity realisations reaping £669m, up 43% over opening value, the
Read moreRegulatory changes, market challenges hurt ICAP revenue
14th May 2014 07:00
- Full-year revenue falls after difficult year - Trading likely to remain challenging - Maintains final dividend payment Interdealer broker ICAP reported a decline in full-year revenue against a backdrop of challenging market conditions, which included regulatory changes, bank deleveraging, muted
Read moreICAP slides on April volume collapse
7th May 2014 15:51
Interdealer broker Icap was the biggest faller in the FTSE 250 on Wednesday after it reported a decline in its foreign exchange trading volumes in April. Electronic broking volumes fell 47% to $68.5bn a day compared to last year, and 23% compared to March. This meant for the 12 months to end-Apri
Read moreFTSE 250 movers: Icap falls on FX trading volume decline
7th May 2014 14:41
Interdealer broker Icap was sharply lower on Wednesday after it reported a decline in its foreign exchange trading volumes in April. Pub group JD Wetherspoon also fell after it voiced uncertainty about fourth-quarter trading, with sales having slowed in the last few weeks. Wetherspoon said it had
Read moreWednesday broker round-up UPDATE
2nd Apr 2014 08:48
Aberdeen Asset Management: Canaccord Genuity reduces target price from 540p to 460p, while its buy recommendation is kept. Anglo American: JP Morgan ups target price from 1260p to 1300p, while leaving its underweight rating unchanged. Aviva: JP Morgan raises target price from 528p to 570p maintain
Read moreLondon open: BHP, Aberdeen lead markets higher ahead of data
1st Apr 2014 08:23
- BHP Billiton, Aberdeen, Babcock, GKN provide a lift - Weir falls on Metso merger speculation - Markets await global manufacturing PMIs techMARK 2,779.21 +0.53% FTSE 100 6,621.97 +0.36% FTSE 250 16,339.39 +0.40% UK stocks opened with small gains on Tuesday ahead of a data-heavy session with manuf
Read moreLondon pre-open: Gains expected ahead of economic data
1st Apr 2014 07:50
UK stocks are expected to rise on Tuesday morning following a strong finish on Wall Street last night after comments from Federal Reserve Chair Janet Yellen. City sources predict the FTSE 100 will open 28 points higher than Friday's close of 6,598.37. Tuesday will be a data-heavy session for finan
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