Broker snap: Peel Hunt upgrades Informa to buy
1st Jun 2012 11:15
Peel Hunt has upgraded its rating for publisher and trade events group Informa from hold to buy, following the steep fall seen in the share price since April. Adding to this downward pressure was Informa's first-quarter trading statement last week which prompted modest currency-related downgrades t
Read moreFriday broker round-up - UPDATE
1st Jun 2012 09:16
SAB Miller: Credit Suisse reiterates outperform; Societe Generale upgrades to buy from hold, while raising target to 2,800p from 2,600p. ITV: Investec downgrades to sell from hold, lowers target to 60p from 90p. BP: Jefferies reiterates buy recommendation and 525p target. Enterprise Inns: Peel
Read more3i Chief Executive buys four million shares
31st May 2012 15:50
Simon Borrows, the new Chief Executive of FTSE 250 private equity infrastructure and debt management group 3i, has celebrated his new position with the purchase of four million shares. The director, who clearly has faith in his own ability to overcome the company's challenges, handed over £6.9m fo
Read moreWednesday tips round-up: Informa, Big Yellow, UK Mail
23rd May 2012 06:54
Questor in the Telegraph goes back in to bat for one of his tips of the year, publishing and events company Informa. Currently trading at just 8.9 times 2012 earnings and yielding five per cent the maths look good. The firm runs 9,000 conferences annually, from which it ought to be able to milk stro
Read moreFTSE 250 movers: Heritage Oil leads resource stocks higher
21st May 2012 17:25
Resources stocks were leading the risers on the second-tier index as copper and oil prices edge higher. Heritage Oil, Petropavlovsk, Ferrexpo, Cairn Energy, Afren and Salamander Energy were all making decent gains in afternoon trade. Heading the other way though was oil, gas and energy engineer Lam
Read moreLondon close: Stocks rebound, EU summit eyed
21st May 2012 17:14
- G8 underwhelms; markets look to EU summit - Hollande expected to push eurobond idea to Merkel - Risk-on as financials, miners advance; defensives sold London's FTSE 100 finished firmly higher on Monday following a poor performance last week which saw the blue chip index slump to its worst levels
Read moreLondon midday: Stocks rise but Eurozone still in focus
21st May 2012 11:31
- G8 underwhelms as euro crisis continues to hamper sentiment - Cameron warns Eurozone to anticipate Greek exit - Barclays to offload BlackRock stake The FTSE 100 had held on to early gains by Monday lunchtime, as the blue-chips index rebounds from hitting a six-month low on Friday. US stock future
Read moreMonday broker round-up
21st May 2012 09:23
Aegis: Macquarie downgrades from neutral to underperform. British Land: Investec keeps buy rating and 540p target. BTG: Jefferies reiterates buy rating and 410p target. Informa: Investec maintains buy recommendation and 495p target. ITE Group: Investec keeps buy rating and 260p target. Kingfish
Read moreLondon open: Footsie rebounds from six-month low
21st May 2012 08:40
- G8 summit fails to lift sentiment as euro worries persist - Chinese stimulus speculation does the rounds - Man Group surges early on Despite an underwhelming G8 summit at the weekend, London's blue chip index opening slightly higher on Monday morning after slumping to its lowest levels since mid-
Read moreEurope a drag for Informa
21st May 2012 08:05
Newsletter publisher and exhibitions organiser Informa is sticking with its full year guidelines despite admitting that renewal and new subscriber cycles are taking longer than they used to. On the Academic side, the group said journal renewals this year have been as expected, with organic revenue
Read moreTuesday broker round-up - UPDATE
28th Feb 2012 10:02
SABMiller: Nomura downgrades from buy to neutral, target increased from 2,600p to 2,700p. HSBC: Nomura cuts tagged from 725p to 650p, buy rating kept. Pearson: Nomura reiterates reduce rating and 1,200p target. Whitbread: Peel Hunt cuts target from 1,938p to 1,860p, buy rating kept; Nomura reiter
Read moreFriday tips round up: Devro, Informa, Capital Shopping Centres, Anite
24th Feb 2012 06:42
In the Telegraph Questor's column is all about sausage skin maker Devro, which uses collagen to encase the meat instead of the more traditional gut. After stripping out exceptional items profits rose 22.4% in 2011 with the shares trading at 14.6 2012 earnings. Questor loves Devro but thinks after a
Read moreInforma rises after in-line results
23rd Feb 2012 08:14
Specialist business publisher and trade events group Informa has reported a rise in revenues and adjusted pre-tax profit for the full year ended December 31st. Adjusted pre-tax profit (excluding a non-cash impairment) rose 7% from £276.4m to £295.9m, while revenues saw organic growth of 3.9%, from
Read moreUPDATE: Thursday broker round-up
27th Oct 2011 09:09
Smith&Nephew: Citi reiterates sell. Anglo American: Citi maintains at buy. Invensys: UBS raises to neutral-short term buy from neutral. Lowers target to 225p from 250p. Bellway: UBS keeps at buy, raises target price to 825p from 793p. Lloyds: Credit Suisse cuts target to 31p from 40p, keeps at
Read moreLondon close: Nervy FTSE 100 closes higher
26th Oct 2011 16:47
It was another see-saw day for the FTSE 100 amid continued wrangling over the Eurozone crisis, but the top share index closed higher in line with a broadly higher showing on Wall Street. MARKETS AWAIT CRUCIAL MEETING Today's planned meeting of European Union Finance Ministers (ECOFIN) has been re
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