IMI sees organic growth ease in Q3, buys German valve firm
14th Nov 2014 07:04
Engineering group IMI said that organic growth eased in the third quarter, but full-year results should still be in line with forecasts, as it announced the £120m acquisition of German power valve specialist Bopp & Reuther. IMI, which focuses on the precise control and movement of fluids in critical
Read moreThursday broker round-up UPDATE
16th Oct 2014 08:57
Afren: Investec cuts target price from 195p to 120p and reiterates its hold recommendation. Amerisur Resources: Investec lowers target price from 75p to 65p and maintains a buy recommendation. Antofagasta: UBS upgrades from sell to neutral with a target price of 710p. ARM Holdings: Credit Suisse r
Read moreMonday broker round-up UPDATE
13th Oct 2014 09:32
Amino Technologies: Northland Capital upgrades to buy with a target price of 100p. Anglo American: Canaccord Genuity initiates with a target price of 1720p and a buy recommendation. Credit Suisse upgrades to outperform with a target price of 1800p. Associated British Foods: Societe Generale upgrade
Read moreLondon midday: Ebola fears, macro concerns hit UK stocks
8th Oct 2014 11:34
Fears about a possible Ebola outbreak in Europe and continued concerns about the global economy were weighing on UK stocks on Wednesday. The FTSE 100 was down 0.3% at 6,475 by around midday with cyclical stocks and airlines providing a drag. Risk appetite was also being held back by nervousness ahe
Read moreLondon open: Macro concerns hit stocks ahead of earnings, Fed minutes
8th Oct 2014 08:36
UK stocks fell for a second day on Wednesday as concerns about global growth and nervousness ahead of the start of US earnings season eroded risk appetite. Heavy falls from industrial stocks and travel companies saw the FTSE 100 fall 0.3% to 6,475 in early trading. European stocks fell on Tuesday a
Read moreIMI offloads two key companies for £42m
6th Oct 2014 14:40
IMI has announced the successful sale of two of its group companies for a total consideration of £42m. Ammunition vendor Eley and captive bolt equipment seller Accles and Shelvoke have both been handed over to a management team supported by private equity firm LDC and led by Managing Director Andrew
Read moreThursday broker round-up UPDATE
25th Sep 2014 08:48
Amec: UBS raises target price from 1100p to 1215p upgrading from neutral to buy. Aquarius Platinum: Citi lowers target price from 26p to 22p maintaining a neutral rating. Arrow Global: Panmure Gordon ups target price from 335p to 360p and keeps a buy recommendation. Barr (AG): Numis ups target pri
Read moreIMI gets new finance chief
23rd Sep 2014 08:11
Engineering group IMI on Tuesday announced a new finance chief to replace Douglas Hurt, who is retiring. IMI, which makes fluid control technology for a range of industrial uses, said 47-year-old Daniel Shook would take over from finance director Hurt early in 2015 after joining the board on 1 Janua
Read moreCredit Suisse downgrades IMI but upgrades Weir
2nd Sep 2014 13:20
Credit Suisse has downgraded its rating for engineering group IMI to 'neutral' whilst upgrading sector peer Weir to 'outperform', saying that the latter offers "a better relative risk return profile" in the near term. The bank trimmed its target price for IMI's shares from 1,640p to 1,500p but has
Read moreLondon midday: Stocks rise on UK construction data, ECB hopes
2nd Sep 2014 12:00
- UK construction PMI unexpectedly rises - Stimulus hopes high ahead of Thusday's ECB meeting - Weir lifted by Credit Suisse upgrade - Mining, supermarket stocks provide a lift techMARK 2,855.10 -0.12% FTSE 100 6,835.10 +0.14% FTSE 250 15,970.91 +0.09% UK stock rose for the third straight session
Read moreLondon open: UK stocks near two-month high as Weir and miners rise
2nd Sep 2014 09:08
- UK construction, US manufacturing data ahead - Weir upgraded by Credit Suisse - Mining stocks rise strongly techMARK 2,857.76 -0.03% FTSE 100 6,842.96 +0.26% FTSE 250 15,965.65 +0.05% UK stocks were closing in a two-month high on Tuesday morning, rising for the third straight day, as investors t
Read moreFTSE 100 movers: Admiral and Glencore shares fall after H1 results
13th Aug 2014 14:49
Car insurance group Admiral was a heavy faller on Wednesday after the group said turnover in the first half was down 5% at £1.04bn as a 9% rise in customers was outweighed by a fall in premiums over last year. The company said that while UK premiums are no longer falling a return to growth remains e
Read moreLondon midday: Stocks advance as rate-hike speculation eases
13th Aug 2014 12:08
- BoE strikes dovish tone as wages fall - Ukraine crisis, Asian data in focus - Ex-dividend stocks limit upside - Banking stocks lead upside techMARK 2,736.01 +0.28% FTSE 100 6,661.68 +0.44% FTSE 250 15,528.53 +0.41% An overall dovish tone to the Bank of England's (BoE) Inflation Report gave UK st
Read moreLondon open: Stocks flat on rate speculation ahead of Inflation Report
13th Aug 2014 09:04
- Inflation Report, rate speculation keeps markets cautious - Ukraine crisis in focus as Russian convoy heads to border - Chinese data disappoints, Japanese GDP sinks - Ex-dividend stocks fall techMARK 2,725.51 -0.10% FTSE 100 6,630.77 -0.02% FTSE 250 15,403.28 -0.40% Weak economic data from Asia,
Read moreTuesday broker round-up UPDATE
5th Aug 2014 11:02
Acal: FinnCap initiates with a target price of 322p and a buy recommendation. Afren: UBS reduces target price from 200p to 135p and stays with its buy recommendation. Aggreko: WH Ireland ups target price from 1800p to 1850p and stays with a buy recommendation. Alent: Numis increases target price
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