InterContinental Hotels director sells 70,000 shares
22nd Apr 2013 16:30
InterContinental Hotels' President of the Americas has sold 70,000 shares on Monday, reducing his stake to 388,330 shares. The shares were sold for 1,858.95p each for a total of £1.3m. The transaction comes just a few weeks after the company agreed to sell the leasehold interest at its London P
Read moreFTSE 100 movers: ENRC rockets on possible takeover plans
19th Apr 2013 16:01
Mining stocks were performing well as investors sought gains after a volatile week for the sector. Vedanta, EVRAZ and Fresnillo were all making decent gains by mid-afternoon. ENRC shares surged Friday after major shareholder Alexander Machkevitch said he was considering a takeover bid for the Kaza
Read moreWednesday broker round-up UPDATE
17th Apr 2013 07:20
African Barrick Gold: Deutsche Bank cuts target price from 230p to 173p, while its hold recommendation is reiterated. Ashmore Group: Morgan Stanley raises target price from 395p to 444p and maintains an equal-weight rating. Ashtead Group: Jefferies increases target price from 615p to 690o and reit
Read moreWednesday broker round-up UPDATE
10th Apr 2013 08:57
African Barrick Gold: Westhouse Securities upgrades from sell to neutral with a target price of 195p. Deutsche Bank reduces target price from 340p to 230p keeping its hold rating. African Minerals: Deutsche Bank reduces target price from 620p to 594p and leaves its buy recommendation unaltered. An
Read moreLondon close: Stocks edge higher ahead of long Easter weekend
28th Mar 2013 16:43
Stocks finished moderately higher on Thursday, though gains were trimmed in afternoon trade as traders scaled back risk appetite ahead of a long four-day weekend for the Easter holidays. Meanwhile, continuing concerns over the Eurozone kept markets on their toes today, as political uncertainty in I
Read moreFTSE 100 movers: Mining companies slide down the index
28th Mar 2013 14:39
Tate & Lyle's stock was up as the food and sweetener giant reported 'solid sales' ahead of its annual results. The group has performed strongly in the year ended March 31st 2013, particularly in its speciality food ingredients division, according to a trading statement. InterContinental Hotels G
Read moreLondon midday: Stocks advance as Cyprus re-opens banks
28th Mar 2013 11:42
After a shaky start, the FTSE 100 was making decent gains by Thursday lunchtime ahead of a raft of economic data from the States later on, as sentiment was lifted by the reopening of banks in Cyprus. Nevertheless, gains are expected to moderate as traders refrain from building big positions ahead o
Read moreBroker tips: Antofagasta, IHG, ICAP
28th Mar 2013 11:40
Shares in mining giant Antofagasta were under pressure on Thursday after the company announced the anticipated re-start of the Antucoya copper project in Chile, something which Credit Suisse believes rules out a large dividend in 2013. Credit Suisse retained its 'underperform' rating and 1,150p tar
Read moreBroker snap: Investec upgrades IHG to 'buy' after Park Lane disposal
28th Mar 2013 10:46
Investec has upgraded its rating for InterContinental Hotels Group (IHG) from 'hold' to 'buy' and lifted its target price from 2,000p to 2,100p, saying that the disposal of IHG Park Lane increases the chance of cash returns to shareholders. The group announced on Thursday morning that it had sold t
Read moreLondon open: Markets open cautiously ahead of Easter weekend
28th Mar 2013 08:21
UK stocks opened tentatively on Thursday morning with the focus once again turns to Cyprus as banks re-open with capital controls in place to prevent worried depositors from clearing out their accounts. While markets have opened in a positive manner, gains are expected to moderate as traders refrai
Read moreInterContinental Hotels Group sells Park Lane hotel for 302m pounds
28th Mar 2013 07:08
FTSE 100-listed InterContinental Hotels Group (IHG) has agreed to sell InterContinental London Park Lane to Constellation Hotel UK S.A, which is an affiliate of Constellation Hotels, a Middle Eastern private investment group. IHG's leasehold interest in the hotel has been sold for gross cash proce
Read moreMonday broker round-up UPDATE
25th Mar 2013 07:12
Amur Minerals Corporation: HB Markets initiates with a speculative buy. ARM Holdings: Bank of America Merrill Lynch reiterates buy and 1,145p price target. AstraZeneca: Deutsche Bank raises target price from 2800p to 3100p and keeps a hold recommendation. Exane BNP ups target price from 3100p to 3
Read moreLondon close: Markets subdued in Budget aftermath
20th Mar 2013 16:16
Markets on the whole gave a muted reaction to George Osborne's Budget Statement today, in which he warned that Britain would grow less and borrow more than originally estimated, while traders continued to digest developments elsewhere, including the Cypriot bailout and a meeting at the US Federal Re
Read moreFTSE 100 movers: RBS boosted by Liberum Capital upgrade
20th Mar 2013 15:49
Royal Bank of Scotland was higher after Liberum Capital upgraded the stock to 'buy' with its target price at 340p. Hammerson also climbed following an upgrade by Oriel Securities to add. A number of property and construction & materials companies were higher, boosted by new plans unveiled in the
Read moreWednesday broker round-up UPDATE
20th Mar 2013 08:53
Abcam: Canaccord Genuity moves target price from 344p to 358p, but still recommends selling. Antofagasta: Jefferies cuts target price from 1350p to 1100p, while keeping a hold recommendation. ASOS: Cantor Fitzgerald raises target price from 2500p to 2900p reiterating a hold recommendation. Panmure
Read more