Friday broker round-up UPDATE
22nd Nov 2013 08:04
African Barrick Gold: Westhouse Securities upgrades to neutral with a target price of 170p. Antofagasta: Investec cuts target price from 737p to 716p and keeps a sell recommendation. Bank of Georgia: Numis raises target price from 2101p to 2662p and maintains a buy recommendation. Canaccord Genuit
Read moreInvestec's first half operating profit falls on Rand depreciation
21st Nov 2013 07:50
- Operating profit falls 2.3 per cent - Depreciation of Rand hits results - Total income down 2.5 per cent - Investec addressing drag on performance Investec reported a 2.3 per cent fall in first half operating profit to 222.8m pounds as the asset manager's results were affected by the depreciation
Read moreLondon close: Investors take profits ahead of Fed decision
17th Sep 2013 17:01
Stocks extended losses by the end of trade on Tuesday as investors trimmed positions ahead of the much-anticipated Federal Reserve policy meeting tomorrow. Weighing on markets were heavy falls in the banking sector, with Lloyds sinking after the government placed a 6% stake at a 3.1% discount to ye
Read moreFTSE 250 movers: Broker comment boosts Salamander
17th Sep 2013 15:48
Salamander Energy was on the up today after RBC Capital reiterated its outperform rating on the stock. Travel stocks were performing well after upbeat comments on the UK bus and rail markets from JPMorgan Cazenove. The US bank raised its ratings for both Go-Ahead and Stagecoach from 'neutral' to 'o
Read moreLondon midday: Markets retreat from six-week high as banks fall
17th Sep 2013 11:23
The upcoming all-important policy decision by the Federal Reserve prompted an element of caution on stock markets across Europe on Tuesday, with the FTSE 100 pulling back from a six-week high. Banking stocks were among the notable fallers in London with Lloyds sinking after the government placed a
Read moreInvestec sinks on disappointing Specialist Banking performance
17th Sep 2013 09:25
Investec shares took a hit on Tuesday after the group warned about the performance of its global Specialist Banking and Australian businesses. The investment bank and asset manager said the business is expected to report half year results behind the prior year after the Australian business was nega
Read moreInvestec sees flat profits as deposits slip despite Ashes affect
1st Aug 2013 07:01
South African investment bank Investec saw customer accounts and assets under management dip in the first quarter, leading to flat profits. In a brief quarterly update, the London- and Johannesburg-listed group said it had generated operating profits in line with the prior year, or up 11% when cu
Read morePresident Petroleum Chairman adds to already sizeable stake
12th Jul 2013 15:27
The Chairman of South America-focused oil and gas group President Petroleum has added to his already sizeable stake in the company with the stock trading at the year's lowest level. On Thursday, the same day the stock closed at a 52-week low of 15.38p, Peter Levine spent £527,000 buying 3.4m shares
Read moreMonday broker round-up UPDATE
8th Jul 2013 08:48
Anglo American: Exane reduces target price from 1700p to 1400p and reiterates its underperform rating. Anite Group: Investec raises target price from 135p to 155p and upgrades from hold to buy. Ashmore Group: RBC Capital Markets takes target price from 440p to 375p and keeps its neutral rating. B
Read moreAshtead execs sell off awards after share-price surge
2nd Jul 2013 15:41
Equipment rental business Ashtead has seen a number of board-members sell off their share awards given to them as part of their performance share plan (PSP) in June 2010. Awards given to executives under the PSP vest on the third anniversary of grant subject to continued employment and the achievem
Read moreWednesday broker round-up UPDATE
26th Jun 2013 07:30
ACM Shipping Group: Espirito Santo increases target price from 150p to 185p keeping a buy recommendation. Afren: Canaccord Genuity moves target price from 210p to 220p and keeps a buy recommendation. Aggreko: Deutsche Bank cuts target price from 2250p to 2100p, while its buy recommendation remains
Read moreFTSE 250 movers: Tullett Prebon and ICAP jump after UBS upgrade
30th May 2013 14:48
Inter-dealer brokers Tullett Prebon and ICAP surged on Thursday afternoon after UBS upgraded both stocks from 'sell' to 'neutral' following their recent underperformance. While the broker said it remains cautious on inter-dealer brokers in general due to "structural issues", it sees "risks to the
Read moreTuesday broker round-up UPDATE
28th May 2013 07:25
AG Barr: Investec increases target price from 562p to 591p, while downgrading from buy to add. Canaccord Genuity downgrades to hold with a target price of 570p. Amara Mining: Cantor Fitzgerald cuts target price from 81p to 63p and retains a buy recommendation. Compass Group: Nomura ups target pric
Read moreFriday broker round-up UPDATE
24th May 2013 08:00
Aveva: Panmure Gordon ups target price from 2076p to to 2091p keeping a hold recommendation. Investec takes target price from 2450p to 2500p and retains its buy recommendation. Credit Suisse increases target price from 2013p to 2240p, while staying with its neutral rating. Barratt Developments: Lib
Read moreInvestec posts strong results driven by wealth and investment business growth
23rd May 2013 11:06
FTSE 250-listed specialist bank and asset manager Investec has posted strong annual results for the year ended March 31st, underpinned by profit increases in its three core business areas. Adjusted operating profit in the group's asset management business rose 4.8% to £140.2m, 30.9% to £50.7m in th
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