Monday broker round-up UPDATE
20th May 2013 08:32
Alent: Credit Suisse initiates with a target price of 430p and an outperform rating. Amlin: Morgan Stanley ups target price from 428p to 469p, while maintaining an overweight rating. Anite: Espirito Santo cuts target price from 180p to 165p retaining a buy recommendation. Ashtead Group: UBS takes
Read moreEvents organiser ITE grows sales despite timing issues
20th May 2013 07:48
Trade exhibitions and conferences organiser ITE Group managed to offset the adverse timing of events to grow revenues slightly in the first half. Revenue totalled £69.4m in the six months to March 31st, ahead of the £68.6m reported the year before despite the company organising just 109 events duri
Read moreThursday broker round-up
21st Mar 2013 07:16
ASOS: Citigroup takes target price from 3000p to 4000p and keeps a buy recommendation. Deutsche Bank moves target price from 2600p to 3000p, while maintaining a hold recommendation. Atkins: Liberum Capital ups target price from 880p to 1020p upgrading to buy. Barr (AG): Shore Capital downgrades to
Read moreLondon pre-open: FTSE expected to drop in early trade
31st Jan 2013 07:28
City sources predict the FTSE 100 will open down 19 points from yesterday's close of 6,323, tracking declines seen in the US and Asia overnight. The main US equity benchmarks finished the day trading slightly lower, following the announcement of a surprise drop in fourth quarter 2012 gross domesti
Read moreITE Group unveils acquisition in Malaysia
31st Jan 2013 07:10
Conference and exhibition organiser ITE Group has announced that its wholly-owned subsidiary, International Trade and Exhibitions, acquired a 75 per cent stake in Trade Link, a Malaysian-registered company, for around 4.0m pounds. Trade Link runs a number of events that take place together annuall
Read moreThursday broker round-up UPDATE
31st Jan 2013 07:07
Aberdeen Asset Management: Bank of America ups target price from 400p to 425p maintaining a neutral rating. Afren: JP Morgan lowers target price from 210p to 195p and downgrades to neutral. Amino Technologies: Northland Capital raises target price from 85p to 90p keeping a buy recommendation. Ant
Read moreThursday broker round-up UPDATE
24th Jan 2013 08:20
Ashtead Group: Jefferies raises target price from 450p to 525p and keeps a buy recommendation. Aviva: Berenberg cuts target price from 480p to 470p, while retaining a hold recommendation. JP Morgan revises target price from 424p to 443p and maintains an overweight rating. Barr (AG): Societe Genera
Read moreTuesday broker round-up UPDATE
11th Dec 2012 07:18
Andor Technology: WH Ireland raises target price from 480p to 500p, while maintaining a buy rating. Anglo American: Nomura cuts target price from 2000p to 1800p keeping a neutral rating. Antofagasta: Nomura reduces target price from 1450p to 1400p and downgrades from buy to neutral. Ashtead Group
Read moreLondon close: Markets boosted by US jobs report
7th Dec 2012 16:28
- Jobs reports lifts markets, but gains modest - Bundebank cuts German growth estimates - ECB rate cut speculation increases The Footsie finished with slight gains on Friday afternoon as some better-than-expected jobs data from the US managed to outweigh concerns about Germany's economy. Stocks st
Read moreFTSE 250 movers: Berkeley boosted by strong interims
7th Dec 2012 15:55
House builder Berkeley Group jumped early on after seeing revenue and profit surge in the first half, as it declared an interim dividend of 15p per share, compared with nil the year before. Revenue increased 69.4 per cent and pre-tax profit rose 40.7 per cent in the six months to October 31st. ITE
Read moreFriday broker round-up UPDATE
7th Dec 2012 07:04
Bellway: Northland Capital raises target price from 1050p to 1150p and keeps a buy rating. Panmure Gordon raises target price from 957p to 1013p, while maintaining a hold recommendation. Berkeley Group: Panmure Gordon raises target price from 1390p to 1650p keeping a hold rating. Booker Group: Gol
Read moreWednesday tips round-up: AMEC, ITE Group, Anite
5th Dec 2012 07:00
Engineering and project management group AMEC's win of a 327m pound contract relating to the Al Zour oil refinery in Kuwait seems to show that the company's strategy of focusing on higher-margin infrastructure and construction projects in the mining, power generation and the oil and gas sectors is
Read moreLondon close: US and Eurozone uncertainty keeps stocks flat
4th Dec 2012 16:50
- Democrats, Republicans wrangle over 'fiscal cliff' - Europe talks about bank supervisor - Defensives gain, resources fall The FTSE 100 swung between gains and losses for most of Tuesday's session to finish the day broadly flat as ongoing concerns about the US budget and developments in the Euroz
Read moreBroker snap: Investec stays a buyer of ITE after full-year beat
4th Dec 2012 15:59
Investec has reiterated its 'buy' recommendation and 247p target price for conference and exhibition organiser ITE Group after the company managed to beat forecasts in a tough year. Full-year profit before tax and earnings per share (EPS) were slightly ahead of estimates, Investec said, in spite of
Read moreFTSE 250 movers: ITE exhibits positive figures
4th Dec 2012 15:48
ITE Group led the charge after it said revenues were up 11 per cent in the last year and good trading conditions had continued into the new financial year. Westhouse Securities raised its target price for the conference and exhibition organiser from 245p to 261p, while Numis raised its target price
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