Wednesday broker round-up UPDATE
5th Jun 2013 09:34
Aberdeen Asset Mangement: UBS cuts target price from 520p to 505p, while maintaining its buy recommendation. Alternative Networks: Investec revises target price from 350p to 390p keeping a buy recommendation. API Group: Numis upgrades to add with a target price of 75p. Ashmore Group: UBS lowers t
Read moreLondon pre-open: FTSE to edge higher ahead of BBA data
24th May 2013 07:40
City sources predict the FTSE 100 will open up six points from yesterday's close of 6,697, as markets calm after Thursday's heavy losses and ahead of the Bank Holiday weekend. On the other side of the Atlantic, stocks ended the day modestly lower after a batch of upbeat US data partially offset re
Read more3i Group makes offer to acquire Barclays infrastructure business
24th May 2013 07:10
3i Group has made an irrevocable offer to Barclays Bank to acquire Barclays Infrastructure Funds Management (BIFM), its European infrastructure fund management business, in what would be a 'significant milestone' for the group. BIFM has assets under management of approximately £780m and an investm
Read moreTuesday broker round-up UPDATE
21st May 2013 07:12
Antofagasta: Canaccord Genuity reduces target price from 1065p to 1040p, while leaving its hold recommendation unchanged. Barratt Developments: Goldman Sachs takes target price from 351p to 371p maintaining a buy recommendation. Big Yellow Group: Investec increases target price from 370p to 430p a
Read morePetrofac heads stock up as group unveils growth predictions
17th May 2013 16:10
Both the Chairman and the Chief Financial Officer of Petrofac bought shares on Thursday, the same day the company predicted modest growth in net profits for the year. In an announcement issued Friday, it was reported that Norman Murray and Tim Weller bought 7,500 and 7,454 shares respectively. M
Read moreFTSE 250 movers: Synthomer drops into bottom spot
16th May 2013 15:27
Shares in chemicals company Synthomer dropped on Thursday after the company said demand in Europe was weaker than anticipated during March and April, driving the overall group performance lower. Investment group 3i Group failed to impress despite a surge in assets under management (AuM) in the year
Read more3i Group to cut costs further after beating targets
16th May 2013 07:47
FTSE 250 investment group 3i Group saw a surge in assets under management (AuM) in the year to March 31st and said that it has identified further cost savings for the future after outperforming its targets last year. The company, which focuses on private equity, infrastructure and debt management,
Read moreThursday broker round-up UPDATE
9th May 2013 07:23
Alkane Energy: Liberum Capital initiates with a target price of 44p and a buy recommendation. Anite: Panmure Gordon shifts target price from 170p to 171p and maintains a buy recommendation. Atkins: Credit Suisse raises target price from 770p to 822p, but downgrades to underperform. Avacta Group:
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 moreWednesday broker round-up UPDATE
3rd Apr 2013 08:41
Aggreko: Credit Suisse takes target price from 1850p to 2000p staying with its neutral rating. Andor Technology: Investec ups target price from 500p to 525p reiterating a buy recommendation. AngloAmerican: Credit Suisse cuts target price from 2100p to 1900p and reiterates a neutral rating. Antofa
Read moreHICL buys interest in Highlands Schools PFI project from 3i
25th Mar 2013 08:02
HICL Infrastructure Company has agreed to purchase additional equity and loan note interests in the Highlands Schools private finance initiative (PFI) project from a subsidiary of 3i Infrastructure. The transaction takes HICL's total interests in the 30-year project, which runs until 2037, to 100%
Read more3i Chief adds 2.5m shares to stake
27th Feb 2013 16:12
Simon Borrows, the Chief Executive of 3i Group, the international investor focused on mid-market private equity, this week bought 2.5m 3i shares in three tranches. The three tranches consisted of 550,000 shares purchased at 308.22p, 374,809 at 312.38p, and 1.6m at 305.84p. Altogether the purchases
Read moreBG Group Chairman nearly doubles stake
12th Feb 2013 16:48
The Chairman of BG Group, the FTSE 100 natural gas group, on Tuesday purchased 35,000 shares, nearly doubling his stake to 65,000. Andrew Gould, who took up the role last year, purchased the shares at 1,120.00p a time, costing a total of £392,000. One week ago the company posted a 29% drop in fo
Read moreHome Retail's Finance Director sells shares
8th Feb 2013 16:16
The Financial Director of Home Retail, Richard Ashton, on Thursday sold 249,975 shares in the household goods retailer, three weeks after the company raised its full-year profit expectations on the back of increased sales at its Argos business over the Christmas period. The shares were sold at 127.
Read moreSunday newspaper round-up: Banks, Afren, 3i
3rd Feb 2013 13:25
Ahead of a major speech on the issue on Monday, George Osborne is still negotiating with Vince Cable, the Business Secretary, on the exact detail of a reserve power the Government could use if banks were found to be abusing new regulations. Figures close to the Chancellor said he would not back a "b
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