London open: Japanese data dents the miners
22nd Aug 2012 08:30
- Japan swings to massive trade deficit - Greece to ask officials for more time - BHP and the miners fall steeply early on Following a strong rise for mining stocks on Tuesday, the sector was providing a drag in London this morning after gloomy economic data from Japan dampened sentiment and scale
Read moreThursday broker round-up
9th Aug 2012 08:14
AMEC: Shore Capital downgrades to hold. Anglo American: Nomura cuts target from 2,500p to 2,200p, neutral rating kept. Aquarius Platinum: Nomura initiates with neutral rating and 35p target. BBA Aviation: Jefferies cuts target from 250p to 230p, buy rating kept. BTG: finnCap downgrades to sell.
Read moreFTSE 100 movers: Standard Chartered heads back up
8th Aug 2012 15:36
Following a 16 per cent slump yesterday, emerging markets-focused bank Standard Chartered was leading the risers today. It was revealed yesterday that a US banking regulator accused it of collusion with the government of Iran to hide transactions from authorities. Rio Tinto, the mining and resourc
Read moreWednesday broker round-up
8th Aug 2012 09:57
AstraZeneca: Jefferies raises target from 2,975p to 3,100p, hold rating kept. Avon Rubber: Investec reiterates hold rating and 315p target. BTG: Jefferies maintains hold rating and 410p target. Cobham: Jefferies reiterates buy recommendation and 230p target; Investec keeps sell rating and 200p ta
Read moreLondon close: Footsie at four-month high despite StanChart slump
7th Aug 2012 17:11
- StanChart makes headlines on Iran dealings, shares tank - Evraz jumps on positive read-across from steel peers - Juncker says Greek exit manageable The Footsie rallied in afternoon trade on Tuesday to close at a four-month high in spite of some weakness in the banking sector on the back of a mass
Read moreIHG jumps on cash return, but RevPAR growth slows - UPDATE
7th Aug 2012 14:31
Shares in Holiday Inn and Crowne Plaza owner InterContinental Hotels Group (IHG) surged on Tuesday after the group said that it would return one billion dollars to shareholders as the group recorded growth across the board. The firm said that funds are to be returned to shareholders via a $500m spe
Read moreFTSE 100 movers: Standard Chartered plunges
7th Aug 2012 14:15
Emerging markets-focused banking titan Standard Chartered fell after the US banking regulator accused it of collusion with the government of Iran to hide transactions from authorities. Nomura, Oriel Securities and Bank of America all downgraded their ratings on the stock this morning. ?? Nomura cut
Read moreBroker snap: Panmure ups IHG target but keeps a 'hold'
7th Aug 2012 12:53
Panmure Gordon has hiked its target price for Holiday Inn owner InterContinental Hotels from 1,545p to 1,670p after its first-half results, but has retained its 'hold' rating for the stock. First-half figures were in line with expectations with earnings before interest and tax (EBIT) $286m slightly
Read moreLondon midday: StanChart drags banks lower
7th Aug 2012 11:47
- StanChart dominates headlines on Iran dealings - UK manufacturing output falls 4.3 per cent - Spain could be nearing a bailout The Footsie had swung into the red by Tuesday lunchtime as the banking sector took a hit on the back of 24 per cent plunge from Standard Chartered due to alleged dealings
Read moreTuesday broker round-up
7th Aug 2012 09:22
AB Foods: Nomura cuts target from 1,400p to 1,380p, buy rating kept. BBA Aviation: Jefferies keeps buy rating and 250p target. Big Yellow: Goldman Sachs upgrades to conviction buy, target lifted from 360p to 390p. Devro: Investec keeps buy rating and 355p target. Diageo: Investec lifts target fr
Read moreLondon open: Footsie edges higher, but StanChart plummets
7th Aug 2012 08:30
- StanChart tumbles on Iran dealings - IHG jumps after half-yearly report - Optimism increases in the Eurozone The Footsie edged higher on Tuesday morning after having closed at a three-month high the day before but Standard Chartered grabbed the headlines early on, taking a tumble in the opening h
Read moreLondon pre-open: StanChart set to slump
7th Aug 2012 07:27
City sources predict the FTSE 100 will open up one point from yesterday's close of 5,809, ignoring a strong finish in the US ahead of UK industrial and manufacturing output data. Thoughts have also already turned to important data due out on Thursday from China, which will include both inflation a
Read moreBillion dollar windfall for Intercontinental investors
7th Aug 2012 07:04
Intercontinental Hotels saw revenues rise in the first half of the year and said it would return one billion dollars to shareholders. The funds will be returned to shareholders via a $500m special dividend, to be paid in the fourth quarter of 2012, and a $500m share buyback programme that will beg
Read moreTuesday preview: IHG, Legal and General, Ind Production
6th Aug 2012 16:07
Holiday Inns owner InterContinental Hotels (IHG) hit the headlines late last month after a probe by the Office of Fair Trading investigation raised concerns about the group's relations with two online travel agents. Tuesday's interim results from IHG should bring happier news, with broker Jefferie
Read moreMonday broker round-up
6th Aug 2012 08:26
AstraZeneca: UBS ups target from 3,500p to 3,600p, buy rating kept. Berkeley: Investec raises target from 1,500p to 1,560p, buy rating kept. Catlin: Nomura reiterates buy rating and 506p target. Centrica: Deutsche Bank downgrades to hold from buy, target cut from 365p to 320p. Falkland Oil and G
Read more