Informa on track after 'solid' third quarter
21st Oct 2013 07:17
Informa, the FTSE 250 data publishing and events firm, said it is on track to hit expectations this year after a 'solid' third quarter with good performances from across each division. However, it warned that the recent strength of the sterling against the US dollar, euro and Brazilian real, has be
Read moreFriday broker round-up UPDATE
11th Oct 2013 08:51
Barratt Developments: Deutsche Bank moves target price from 365p to 391p reiterating its buy recommendation. Bovis Homes Group: Deutsche Bank raises target price from 901p to 1001p and keeps a buy recommendation. Croda International: Liberum Capital downgrades to hold with a target price of 2480p.
Read moreFTSE 250 movers: Keller Group leaps on reports of entry into Africa
10th Oct 2013 14:56
Keller Group leapt on reports of a contract deal with Esorfranki, a move that would mark its entry into the African market. Esorfranki, a civil engineering and construction company, has reportedly sold its geotechnical division, which operates in Africa, to Keller. Newsagent WH Smith surged after
Read moreBroker tips: Synergy Health, Informa, N Brown
10th Oct 2013 11:35
Synergy Health remains a 'sell', according to Canaccord Geunity, with risks to consensus forecasts on the downside. Analyst Julie Simmonds said: "Following a difficult Q1, it is clear that Synergy has not yet seen an improvement in performance. We see lower organic revenue growth as an ongoing chal
Read moreLondon midday: Stocks rebound strongly from three-month low
10th Oct 2013 11:16
UK markets jumped strongly on Thursday morning following three straight days of losses as hopes build over a resolution to the political deadlock in Washington and the continuation of monetary stimulus by the Federal Reserve. After hitting a three-month low yesterday, the FTSE 100 rebounded strong
Read moreBroker snap: Departure of Informa FD could spark bid speculation, says Panmure
10th Oct 2013 10:46
The share price of business and events group Informa slipped on Thursday after the resignation of Finance Director Adam Walker, something which Panmure Gordon believes could ignite bid speculation. The broker maintained its 'buy' rating and 630p target price for the FTSE 250 stock. Analyst Alex De
Read moreThursday broker round-up UPDATE
10th Oct 2013 08:36
Ashmore Group: Canaccord Genuity takes target price from 380p to 400p and retains a hold recommendation. Numis shifts target price from 380p to 390p reiterating its hold recommendation. Ashtead Group: Numis upgrades to add with a target price of 670p. Berkeley Group: Panmure Gordon moves target pr
Read moreLondon open: Stocks rise on hopes over US deal, taper delay
10th Oct 2013 08:22
Stocks gained strongly on Thursday morning as signs of progress in Washington and hopes over a continuation of US monetary stimulus prompted bargain hunters to step in following three straight days of losses. The FTSE 100 set a fresh three-month low of 6,337.91 on Wednesday afternoon, its worst lev
Read moreLondon pre-open: FTSE to open higher as hopes build for US resolution
10th Oct 2013 07:24
City sources predict the FTSE 100 will open around 26 points higher than Wednesday's close of 6,337.91, tracking Japanese stocks higher as they hit their highest levels in a week on improved sentiment. There have also been encouraging signs from the US, with one Republican aide reportedly indicati
Read moreGKN pinches Informa's Finance Director as Seegar retires
10th Oct 2013 06:59
GKN, the FTSE 100 aerospace giant, has announced that William Seeger, Group Finance Director, will step down from the role he has held since 2007 in February of next year, before retiring from the group altogether at the end of August. The company has appointed Adam Walker, the Group Finance Direc
Read moreLondon pre-open: Flat start for FTSE after partial US government shutdown
1st Oct 2013 07:30
City sources predict the FTSE 100 will open around two points lower than Monday's close of 6,462.22 after the US government was forced to begin a partial suspension of non-essential services, having failed to agree a budget for next year - this is its first shutdown in 17 years. In an afternoon vo
Read moreThursday broker round-up UPDATE
19th Sep 2013 08:20
ASOS: Canaccord Genuity increases target price from 3400p to 6200p and upgrades to buy. Associated British Foods: Jefferies raises target price from 1650p to 1750p and retains a hold recommendation. Barclays: Alphavalue upgrades from add to buy with a target price of 344.20p. BHP Billiton: Nomura
Read moreSoon-to-retire Informa CEO sells up
11th Sep 2013 16:26
Informa's out-going Chief Executive, Peter Rigby, has reduced his stake by 285,372 shares ahead of his retirement from the B2B business information and publishing group later this year. The shares were sold at 532.42p each, pocketing the director £1.5m. Rigby announced his plans for retirement on
Read moreWednesday broker round-up UPDATE
11th Sep 2013 08:14
Advanced Medical Solutions: Panmure Gordon moves target price from 90p to 102p and reiterates a buy recommendation. Amara Mining: Numis shifts target price from 40p to 45p retaining its buy recommendation. Anite: Numis cuts target price from 155p to 128p and downgrades to hold. Ashmore Group: Ban
Read moreMonday broker round-up UPDATE
9th Sep 2013 10:42
Associated British Foods: Panmure Gordon cuts target price from 2100p to 2075p, while leaving its buy recommendation unchanged. Investec places its target price (prev.: 1930p) under review keeping a hold recommendation. Aviva: Morgan Stanley increases target price from 403p to 445p and maintains an
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