Thursday broker round-up - UPDATE
6th Sep 2012 09:00
Abcam: Canaccord Genuity keeps hold rating and 370p target. AG Barr: Societe Generale upgrades ot hold, target lifted from 370p to 440p. ASOS: Nomura ups target from 1,660p to 1,700p, neutral rating kept. Barclays: Credit Suisse downgrades to neutral, target cut from 215p to 200p. BG Group: Gold
Read moreBurberry CFO makes multiple transactions
19th Jul 2012 16:31
Stacey Cartwright, the Executive Vice President and Chief Financial Officer of high-end fashion label Burberry, has sold 122,500 of the 132,500 shares she received which vested on Thursday. Cartwright, who joined the firm as CFO in 2004, sold the shares at 1,211.99p each, earning her a total of £1
Read moreWednesday tips round up: Shell, IG Group, ITE
18th Jul 2012 07:07
In the Telegraph, Questor is still a fan of Shell. The column believes management have held their nerve by walking away from a bid for Cove Energy which has attractive natural gas assets in East Africa - the next frontier for gas producers. Questor suspects the company has a "plan B" to gain acces
Read moreIG Group beats profits forecast
17th Jul 2012 07:23
Spreadbetting firm IG Group has beaten market expectations on profits and dividend as its UK and Australian businesses drive growth. Net trading revenue for the 12 months to the end of May was £366.8m, up 17.3% on the prior year but exactly the same as the consensus forecast. IG has, however, manag
Read moreFriday tips round-up: IG Group, H and T, Heritage Oil
22nd Jun 2012 06:53
Questor in the Telegraph says the spreadbetting firm IG Group has done well to recruit high quality 'high roller' clients in the UK but the number of active clients (e.g. people making bets) has fallen one per cent in its home market. Australia has also seen the number of active clients drop. Yieldi
Read moreMonday broker round-up - UPDATE
18th Jun 2012 08:20
Anglo American: UBS cuts target from 3,260p to 3,100p, buy recommendation maintained. Barclays: AlphaValue downgrades from buy to add, target kept at 230.2p; Nomura keeps neutral rating and 268p target. British American Tobacco: Citigroup retains buy rating. Essar Energy: Citigroup initiates cove
Read moreIG Group expects full year growth of 17 per cent
14th Jun 2012 08:25
Spread-betting firm IG Group has said it expects to report growth of more than 17 per cent in the full year ended May 31st. Excluding its discontinued sports business, trading revenue rose from £312.7m to £366.8m, while the profit before tax margin is expected to be 50%. Year-on-year (y/y) activ
Read moreIG Group non-exec tops up stake
30th Mar 2012 16:06
Stephen Hill, a Non-Executive Director of IG Group Holdings, the FTSE 250 spread-betting firm, has purchased 111,736 shares. Hill, who worked as the CEO of the Financial Times for Pearson between 1996 and 2002, bought the shares at 444.15p each for a total of £496,275. The purchase comes just a
Read moreIG distances itself from Worldspreads
19th Mar 2012 16:12
IG Group Holdings has said it notes that Worldspreads has appointed Joint Special Administrators following the identification of a material shortfall in client money and points out this it has no direct financial exposure to that company. Worldspreads had a UK market share of around 3%, compared t
Read moreWednesday broker round-up
14th Mar 2012 10:02
Antofagasta: Fox-Davies upgrades from sell to hold, target lifted from 1,121p to 1,197p. AZ Electronic Materials: Goldman Sachs upgrades from buy to conviction buy, target raised from 380p to 440p. Close Brothers: UBS raises target from 690p to 750p, neutral rating kept. Computacenter: UBS raises
Read moreLondon close: Stocks surge on improving global outlook
13th Mar 2012 16:48
- FTSE 100 at highest levels since last summer - Markets await FOMC, words from Bernanke - Draghi sees signs of 'stabilisation' The Footsie finished at an eight-month high on Tuesday, up a whole percentage point on the day, as financial stocks made gains on the back of an improving global economic
Read moreFTSE 250 movers: Inchcape jumps despite falling sales
13th Mar 2012 14:34
Car retailer and distributor Inchcape saw sales in 2011 hit by weak markets in the UK and Greece, but managed to raise its operating margin through tight cost control. Nomura said that the results were broadly in line with expectations. Shares jumped nine per cent. Meanwhile, house builders were pe
Read moreLondon open: Financials, miners lead the rise
13th Mar 2012 08:38
- Standard Life, Pru in demand after results - Antofagasta, G4S lead the fallers - BoJ maintains rates, ups asset purchases The Footsie rose strongly on Tuesday helped by some well-received full-year results from insurers and a decent performance by banking and mining stocks as risk appetite increa
Read moreLondon pre-open: US data hopes boost FTSE
13th Mar 2012 07:28
City sources predict the FTSE 100 will open up 31 points from yesterday's close of 5,893, taking its lead from a strong finish by the Dow Jones and ahead of a wealth of economic data due out in the US later today. Life assurance firm Standard Life delivered an increase in operating profits and ca
Read moreIG sees rise in active customers
13th Mar 2012 07:22
Spread betting pioneer IG Group saw a slight increase in revenue in the three months to the end of February, as an increase in the number of active clients more than offset a dip in average revenue per client. Revenue in the group's third quarter was around £75m, an increase of 1.5% from the £74m
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