Wednesday broker round-up UPDATE
12th Dec 2012 07:25
AMEC: Credit Suisse reduces target price from 1300p to 1250p reiterating an outperform rating. Anglo American: Barclays upgrades to equal-weight with a target price of 1970p. Ashtead Group: Barclays raises target price from 352p to 434p and reiterates an overweight rating. ASOS: HSBC raises targe
Read moreLondon close: 'Fiscal cliff' hopes lift markets
11th Dec 2012 16:56
- Fiscal cliff optimism increases ahead of FOMC - German ZEW smashes expectations - Tullow drops 8.4 per cent After a weak start, the FTSE 100 finished Tuesday's session with slight gains on the back of increasing optimism about the 'fiscal cliff', as well as a better-than-expected reading of Germa
Read moreFTSE 250 movers: Domino Printing and Victrex provide a drag
11th Dec 2012 14:36
Industrial coding, printing and marking technology group Domino Printing was the worst performer on the FTSE 250 after reporting a small decline in annual profit as it battles against tough market conditions. Pre-tax profit fell to £53.94m for the year ended October 31st 2012 from £57.44m the year
Read moreLondon midday: Footsie at nine-month high after German ZEW data
11th Dec 2012 11:51
- German ZEW surges in December - Whitbread impresses with Q3, Tullow drops - Footsie at highest since March After a subdued start, a much better-than-expected reading of German sentiment boosted buying this morning, sending the FTSE 100 to a nine-month high by Tuesday lunchtime. The Footsie is no
Read moreLondon open: Stocks cautious ahead of German ZEW data
11th Dec 2012 08:33
The FTSE 100 index started Tuesday's session cautiously with just 12 points separating the intraday low and high in the opening hour as the focus remains fixed on Mario Monti and 'fiscal cliff' discussions in the US. However, with little significant economic data scheduled for today's session, all
Read moreFirst half revenue falls at IG Group as volatility remains muted
11th Dec 2012 08:14
IG Group has revealed a reduction in its revenue for the half-year running from June 1st to November 30th in a trading update published on Tuesday morning. Revenue in the period was £169m, 14% lower than the prior year's. Sales for the second quarter, at £87.5m, were 7% higher than in the first qua
Read moreTuesday broker round-up
6th Nov 2012 09:03
AB Foods: Jefferies keeps hold rating and 1,365p target; Panmure Gordon ups target from 1,300p to 1,450p, hold rating kept; Investec keeps hold rating and 1,300p target. Aviva: Panmure Gordon maintains buy rating and 425p target. Babcock: Jefferies keeps buy rating and 970p target; Seymour Pierce
Read moreTwo IG executives lift their stakes
23rd Oct 2012 16:02
Two member of IG Group's executive board exercised options to purchase shares in the company this week, as part of the firm's long-term incentive plan (LTIP) award employee share scheme. IG, which is a provider of financial spread-betting and CFDs, said that Chief Executive Officer Tim Howkins and
Read moreIG Group's COO more than halves stake
24th Sep 2012 16:35
Peter Hetherington, the Chief Operating Officer of spread betting firm IG Group has more than halved his stake in the company just a fortnight after it reported a decline in first quarter revenue, as it ran up against strong figures from a year earlier, when markets were particularly volatile. Het
Read moreLondon close: Footsie shrugs off Burberry fall to finish flat
11th Sep 2012 16:34
- Burberry sinks 21 per cent after profit warning - Markets flat ahead of 'event-risks' - Moody's says US rating at risk Following a morning slump, the FTSE 100 rallied in afternoon trade to finish broadly flat on Tuesday as a strong showing by banks managed to offset a heavy fall from Burberry. T
Read moreFTSE 250 movers: IG Group rises after meeting expectations
11th Sep 2012 15:45
Spread betting firm IG Group rose strongly after first-quarter revenues came in line with expectations, though they were still 18% down year-on-year due to a tough comparative. Oxford Instruments, the high-tech tools and systems provider, was lower after it reported order intake from its research
Read moreLondon midday: New MPC appointee open to more QE?
11th Sep 2012 11:59
- Markets await German ruling on ESM, FOMC meeting - Burberry sinks after full-year guidance - Miners provide a drag London's FTSE 100 index was at its lowest levels of the day by Tuesday lunchtime as Burberry and the miners suffered from a steep sell-off; meanwhile, investors continued to show
Read moreTuesday broker round-up
11th Sep 2012 09:29
3i Group: Oriel Securities downgrades to hold. AB Foods: HB Markets upgrades to buy. ARM Holdings: UBS raises target from 645p to 750p, buy rating kept. ASOS: Investec upgrades from hold to buy, 2,450p target kept. Bunzl: Goldman Sachs downgrades to sell, target cut from 978p to 965p. Burberry:
Read moreLondon open: Footsie lower as Burberry plummets
11th Sep 2012 08:42
- Markets await German ruling on ESM, FOMC meeting - Burberry sinks after full-year guidance - Miners provide a drag The FTSE 100 opened slightly lower on Tuesday morning as markets gear up for some big 'risk events' later this week; falls in the heavyweight mining sector and a sharp drop from Burb
Read moreNo repeat of record August for IG Group
11th Sep 2012 07:21
Spread betting firm IG Group saw a fall-off in revenue in the third quarter of 2012 as it ran up against strong figures from a year earlier, when markets were particularly volatile. Revenue in the three months to the end of August - the first quarter of the group's financial year - was in line with
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