Tuesday broker round-up
3rd Sep 2013 11:13
ASOS: Exane increases target price from 5000p to 6000p and keeps an outperform rating. Associated British Foods: Exane upgrades to outperform with a target price of 2400p. Balfour Beatty: Berenberg ups target price from 270p to 300p and retains its buy recommendation. Barclays: Berenberg takes ta
Read moreThursday broker round-up UPDATE
29th Aug 2013 09:48
Afren: Westhouse Securities shifts target price from 160p to 165p and reiterates a buy recommendation. BAE Systems: Bank of America raises target price from 328p to 412p, while staying with its underperform rating. Cape: JP Morgan takes target price from 308p to 323p and stays with its overweight
Read moreFriday broker round-up UPDATE
23rd Aug 2013 08:04
Afren: Canaccord Genuity cuts target price from 220p to 190p, while leaving its buy recommendation unaltered. AVEVA Group: Liberum Capital initiates with a target price of 2350p and a hold recommendation. Carillion: Numis reduces target price from 350p to 315p, while its hold recommendation remain
Read moreFriday tips round-up: IMI, Carillion, Premier Oil
23rd Aug 2013 07:15
Yesterday´ 5m pound acquisition of Canadian 'skunkworks' Analytical Flow Products, announced by IMI, reflects the strengths of the company. It is at the leading edge when it comes to innovations in its field - the design and manufacture of bespoke gears, as opposed to commoditised products which can
Read moreLondon close: Stocks jump on improvement in global data
22nd Aug 2013 17:11
London's FTSE 100 jumped on Thursday as investors temporarily shrugged off an underwhelming set of minutes from the Federal Reserve and instead focused on improving data from across the world which brightened the global economic outlook. The FTSE 100 ended the day at 6,446.87, up 56.03 points on th
Read moreFTSE 100 movers: IMI, Wolseley, Vedanta Resources
22nd Aug 2013 14:01
IMI's shares rallied after the engineering company forecast an improvement in trading for the second half as it takes on higher-margin contracts at its severe service business. Wolseley gained after UBS upgraded its stocks to 'buy' from 'neutral' ahead of its results, saying "our analysis of US pee
Read moreLondon midday: Upbeat data helps stocks rebound from six-week low
22nd Aug 2013 11:41
Better-than-expected data from China and the Eurozone sparked a rebound on equity markets on Thursday morning with the FTSE 100 bouncing off a six-week low despite an underwhelming set of minutes from the Federal Reserve last night. London's benchmark index snapped a three-day losing streak today a
Read moreBroker tips: Wood Group, IMI, Wolseley
22nd Aug 2013 11:04
HSBC has downgraded its stance on Wood Group from 'overweight' to 'neutral' and cut its target price from 900p to 860p, citing a 'more benign medium-term outlook' for the energy services firm. While the bank doesn't think the stock's valuation is demanding, it says that it sees a more balanced risk
Read moreBroker snap: Investec sees growing momentum at IMI
22nd Aug 2013 10:48
Investec has said that it is pleased with an in-line set of first-half results from engineering firm IMI, as it placed its 'hold' rating under review on Thursday. IMI delivered revenue of £1.09bn for the six months ended June 30th, unchanged from last year, while adjusted profit before tax (PBT) wa
Read moreLondon open: Stocks rise as Chinese data offsets Fed uncertainty
22nd Aug 2013 08:38
London's FTSE 100 rebounded strongly from a six-week low on Thursday morning, snapping a three-day losing streak, after economic data showed a surprise return to growth in Chinese manufacturing activity. The HSBC/Markit flash purchasing managers' index (PMI) for the Chinese manufacturing sector imp
Read moreLondon pre-open: Stocks expected to fall in aftermath of Fed minutes
22nd Aug 2013 07:35
Markets are expected to open firmly lower on Thursday morning in the aftermath of an underwhelming set of policy-meeting minutes from the Federal Reserve released last night. Wall Street's Dow Jones Industrial Average finished in the red for the sixth straight day - its worst losing streak since Ju
Read moreThursday broker round-up UPDATE
22nd Aug 2013 07:25
Aggreko: RBC Capital reduces target price from 1850p to 1680p, while its neutral rating remains unchanged. Aviva: JP Morgan raises target price from 393p to 436p and retains an overweight rating. BHP Billiton: Canaccord Genuity takes target price from 1950p to 2050p maintaining a hold recommendati
Read moreIMI posts 1pc rise in profits and anticipates 'good progress' in 2013 - UPDATE
22nd Aug 2013 07:22
A boost to Severe Service orders helped engineering giant IMI deliver a modest rise in half year profits, figures out Thursday revealed. The group posted a one per cent rise in adjusted pre-tax profit at £170.1m (2012 H1: £168.3m) on broadly flat revenues of £1.09bn, as had been widely expected.
Read moreIMI acquires Canadian firm Flow Products
22nd Aug 2013 07:04
International engineering group IMI on Thursday announced the acquisition of Canadian firm Analytical Flow Products (AFP). IMI paid an initial consideration of £5m for the company, and said it would pay up to a further £36m based on its performance over the next five years. AFP has developed a r
Read moreThursday preview: IMI hoping for a strong second half
21st Aug 2013 15:01
Engineering firm IMI will hope that its impressive share-price- performance will continue on Thursday when it reports its first-half results. The company, which is focused on the control and movement of fluids in critical applications, has seen its stock rise a solid 28% since the start of 2013, re
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