Friday broker round-up
15th May 2015 15:12
SAB Miller: Berenberg reiterates buy and 3,920 price target. IMI: Nomura reiterates reduce stance, lowers target to 1,115p from 1,175p. ITV: Barclays downgrades to equal-weight with 260p target. HSBC: Berenberg reiterates buy and lowers target to 750p from 790p. Hiscox: Canaccord Genuity reiterat
Read moreFTSE 100 movers: miners and oil stocks dominate fallers, ITV rebounds
15th May 2015 12:28
The UK blue chip index retreated on Friday as a calmer bond market and favourable British construction data was overpowered by a weaker commodities market. Sector-wise, oil and industrial metal stocks provided the biggest drag on the FTSE, dwarfing the boost provided by real estate and travel. At 3:
Read moreBroker tips: British Land, ITV, Wood Group
15th May 2015 11:19
British Land was extending gains made the previous session following a solid annual report, Goldman Sachs and Canaccord Genuity both raised their target prices for the shares and kept 'buy' ratings, while Numis Securities reiterated an 'add' recommendation and Exane BNP Paribas left its 'outperform'
Read moreITV downgraded by BarCap to 'equal weight'
15th May 2015 09:12
ITV's share price rebounded slightly on Friday after an underwhelming first-quarter update the previous day which caused Barclays Capital to cut its rating on the stock from 'overweight' to 'equal weight'. The broker increased its target price for the shares slightly from 250.4p to 260p to integrate
Read moreLondon close: Stocks stage late rally after positive US labour data
14th May 2015 16:44
After a negative start, UK stocks rallied into the close as improving labour-market data from the States lifted sentiment. After a choppy week, owing mainly to volatility on the government bond market, Wall Street indices opened higher following a Labor Department report which showed that US jobless
Read moreThursday broker round-up
14th May 2015 14:30
ITV: Numis downgrades to add but nudges target to 290p from 275p, Investec reiterates hold and Credit Suisse reiterates outperform. SAB Miller: Credit Suisse reiterates underperform stance, Nomura reiterates neutral recommendation and Deutsche reiterates its call to hold. GlaxoSmithKline: UBS downg
Read moreFTSE 100 movers: ITV hit by strike and stiff BBC competition, miners lower
14th May 2015 12:56
UK stocks rebounded from early losses, but remained restrained by concerns of Greek instability. Sector wise, miners and technology services provided the biggest drag, while insurers and utilities gave a welcome boost. At 1:45 BST, the FTSE 100 was trading 12 points higher at 6,962. ITV declined a
Read moreLondon midday: Stocks erase losses as markets continue erratic moves
14th May 2015 11:34
UK stocks erased losses by Thursday lunchtime on a quiet session for economic data, though concerns about Greece were limiting upside. Reports that Greek finance minister Yanis Varoufakis has called for the European Central Bank to delay Athens' debt repayments shook sentiment among investors. The
Read moreBroker tips: RBS, ITV, TUI
14th May 2015 11:02
Royal Bank of Scotland "remains on the right strategic track" despite its recent underperformance against the sector, according to analysts at JPMorgan Cazenove. The US broker said that a sell-down of the government's stake in RBS and the resolution of ongoing litigation charges will be "key milest
Read moreNumis downgrades ITV rating to 'add' but ups forecasts
14th May 2015 10:37
Numis Securities has shifted its rating on broadcaster and producer ITV from 'buy' to 'add' following the recent strong performance by the stock. ITV underwhelmed investors on Thursday despite saying that advertising revenues will be up 5% in the first half, ahead of Numis' +1% forecast. "Advertisi
Read moreLondon open: Markets dip on mixed earnings, ex-div stocks fall
14th May 2015 08:15
UK shares declined on Thursday morning ahead of a quiet session in terms of economic data, with corporate earnings coming in mixed and a number of ex-dividend stocks in the red. The FTSE 100 was down 0.58% at 6,909.22 early on. Global stock markets closed in a mixed fashion on Wednesday on the back
Read moreLondon pre-open: Stocks to fall ahead of quiet session
14th May 2015 07:35
UK stocks are set to fall on Thursday with City sources predicting the FTSE 100 to open 18 points lower than Wednesday's close of 6,949.63. Global stock markets closed in a mixed fashion on Wednesday on the back of a conflicting economic data across the world: a raft of Chinese indicators disappoint
Read moreITV advertising revenues ahead of target as staff strike begins, second quarter to be slower
14th May 2015 07:24
As staff staged a 24-hour strike over pay with a protest at the broadcaster's annual shareholder meeting, ITV reported net advertising revenue ahead of guidance during a "strong" first quarter but warned of a slower second quarter. Although ITV's share of viewing continued to be down, total external
Read moreWednesday broker round-up
13th May 2015 13:13
BHP Billiton: Credit Suisse reiterates underperform and 1,400p target, UBS stays at buy with 1,625p target. Experian: Nomura reiterates buy and nudges target higher to 1,265p from 1,230p, Exane BNP keeps at neutral with 1,200p target. Talk Talk: UBS hikes target to 350p from 300p and reiterates neu
Read moreFriday broker round-up
8th May 2015 10:42
IMI: JP Morgan reiterates overweight. ITV: Westhouse Securities reiterates add and 288p target. Aviva: Canaccord Genuity reiterates buy and 600p target. Randgold Resources: Credit Suisse reiterates neutral and 5,050p target. UBS stays at buy with 5,600p target. Provident Financial: Canaccord Genu
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