Thursday broker round-up
23rd Aug 2012 09:29
Aegis: Nomura maintains buy rating and 240p target. British Land: Jefferies downgrades to hold. Cobham: Citigroup downgrades to neutral, target cut from 265p to 230p. Diageo: Jefferies maintains buy rating and 1,915p target; Investec maintains buy rating and 1,900p target. Evraz: HSBC upgrades t
Read moreLondon open: Stimulus hopes drives gains after Fed minutes
23rd Aug 2012 08:44
- QE hopes increase after FOMC minutes - The ball is in Greece's court, says Juncker - Chinese manufacturing PMI falls to nine-month low Stocks bounced back after a sell-off yesterday as the details of the latest policy-rate setting meeting in the US showed that the Federal Reserve could embark upo
Read moreLondon pre-open: Markets get boost from stimulus hopes in China and US
23rd Aug 2012 07:32
City sources predict the FTSE 100 will open up 31 points from yesterday's close of 5,774, regaining some of Wednesday's losses. Poor data from China may rekindle speculation that the government will opt to introduce further economic stimulus to enable it to meet its GDP target of 7.5 per cent. The m
Read moreIMI keeps wary eye on Europe
23rd Aug 2012 07:07
IMI, the global engineering group, came in on target in the first half but warned the second part of the year would be tougher due to the financial crisis in Europe. Revenue was up 6% to £1.09bn, with pre-tax profits rising 7% to £154.4m. Earnings per share were up 7% to 40.4p and the copany hiked
Read moreLondon close: Stocks sink ahead of Fed minutes
22nd Aug 2012 16:40
- Concerns about Japan and Greece pressure stocks - FOMC minutes eyed - CBO warns about 'fiscal cliff' Following steep falls from the off, losses on the Footsie were cemented today after a poor start on Wall Street as global equity markets reacted poorly to economic data from Japan and ongoing issu
Read moreThursday preview: Diageo, IMI
22nd Aug 2012 15:55
Shareholders in Diageo should be in good spirits when the drinks brands owner reports full year results on Thursday. Charles Stanley is expecting the firm to deliver a good set of full year results. "Asia, Africa and Latin America are expected to have been the drivers of growth, with more subdued p
Read moreBroker tips: IMI, ENRC, Bovis
20th Aug 2012 12:59
Jefferies has downgraded its rating for engineering giant IMI from 'buy' to 'hold' ahead of the group's first-half results on Thursday. "Ahead of these results, we lower FY12F & FY13F earnings per share (EPS) by 4% and 2% (cutting underlying assumptions and updating forcurrency) and fear that cons
Read moreBroker snap: Jefferies downgrades IMI ahead of 'mixed' results
20th Aug 2012 09:52
Jefferies has downgraded its rating for engineering giant IMI from 'buy' to 'hold' ahead of the group's first-half results on Thursday. "IMI reports its interims on the 23rd August and we expect a mixed/solid set of results, with slowing growth and some caution in the outlook," the broker said in a
Read moreMonday broker round-up -UPDATE
20th Aug 2012 08:17
AstraZeneca: JPMorgan Cazenove downgrades to underweight, target lifted from 2,800p to 2,970p. Balfour Beatty: JPMorgan Cazenove downgrades to neutral. Barclays: Citigroup reiterates buy and 330p target price. ENRC: Credit Suisse downgrades to neutral, target cut from 500p to 450p. FirstGroup: J
Read moreFTSE 100 movers: A tale of two companies, Vodafone and Hermes
19th Jul 2012 14:36
Natural gas group BG was under the weather after Credit Suisse downgraded the stock to 'neutral' and cut its target price from 1,660p to 1,500p. Shares in Vodafone have moved into the second to worst spot on the top share index after it became known that Verizon Communications´s conference call ag
Read moreLondon midday: Markets celebrate global corporate earnings
19th Jul 2012 11:45
- Corporate earnings lift sentiment - UK June retail sales meet forecasts as prices drop - Kingfisher falls after rain dampens sales European stock markets were firmly in the blue on Thursday morning on the back a barrage of upbeat quarterly earnings reports from blue chips across the globe. "A co
Read moreLondon open: Footsie edges higher, but Kingfisher falls
19th Jul 2012 08:23
- Kingfisher leads fallers on the Footsie - Upbeat European earnings lift sentiment - Fed says US expanding at 'modest to moderate' rate UK stocks edged higher in early trading on Thursday on the back of some upbeat earnings reports from heavyweight European stocks AkzoNobel, Sandvik and Novartis.
Read moreFriday broker round-up
13th Jul 2012 09:11
Aegis: Exane BNP Paribas downgrades to neutral, target upped from 220p to 240p; UBS downgrades to neutral, target upped from 195p to 240p; HSBC downgrades to underweight, target upped from 180p to 240p. Anglo American: Liberum Capital downgrades to hold. Ashmore: Singer Capital Markets downgrades
Read moreLondon close: Barclays limits late rally for Footsie
28th Jun 2012 16:51
- Losses pared but banks still weigh on market - Barclays and banks sold off on Libor issues - Ladbrokes drops after profit warning London's blue-chip index finished at 5,493 on Thursday, well above its intraday low of 5,438 but still firmly in the red, as banking stocks provided a drag on the back
Read moreLondon midday: Banking stocks tank on Libor controversy
28th Jun 2012 11:42
- EU summit to begin soon - UK GDP in line with initial estimates - Libor scandal hits Barclays, banking stocks With the heavyweight banking sector extending its earlier losses, the Footsie was trading close to its lowest levels of the day by Thursday lunchtime ahead of the two-day EU summit which
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