London close: FTSE 100 drops 1.7 per cent as sell-off continues
27th Jan 2014 16:45
- BG Group plummets on gloomy guidance - AT&T rules out Vodafone bid - RBS reveals more provisions for new claims - FTSE 100 at lowest since mid-December techMARK 2,761.91 -1.00% FTSE 100 6,550.66 -1.70% FTSE 250 15,528.21 -1.12% UK markets dropped to their lowest levels in nearly six weeks on Mon
Read moreLondon midday: BG Group drags FTSE 100 to six-week low
27th Jan 2014 11:23
- Stocks sink as EM-inspired sell-off continues - BG Group disappoints with 2014 guidance - AT&T quashes Vodafone bid rumours - ARM Chairman steps down, ITV downgraded techMARK 2,758.25 -1.13% FTSE 100 6,569.62 -1.41% FTSE 250 15,523.71 -1.14% UK stocks dropped to their lowest levels in nearly six
Read moreBroker snap: Citi cuts ITV to 'sell'
27th Jan 2014 09:35
Citigroup has downgraded its rating for terrestrial broadcaster ITV from 'neutral' to 'sell', naming it as one of its least preferred stocks in the European media sector. "For the past three years we have consistently argued that ITV has been on a positive trajectory in terms of quality," the bank
Read moreMonday broker round-up UPDATE
27th Jan 2014 09:30
Aberdeen Asset Management: Espirito Santo cuts target price from 573p to 514p and keeps a buy recommendation. Morgan Stanley reduces target price from 492p to 393p and stays with its equal-weight rating. Amino Technologies: N+1 Singer shifts target price from 89p to 93p and reiterates a hold recomm
Read moreITV repays loan
16th Jan 2014 15:38
ITV has repaid the remainder of its 2019 bilateral loan, the broadcaster said Thursday. The group repaid the remaining £62.4m and a loss of £30m with a one-off cash payment of £94.9m. Group Finance Director Ian Griffiths said: "This repayment is consistent with our aim to increase the efficiency
Read moreLondon close: UK markets hit two-month high as banks gain
7th Jan 2014 16:24
- FTSE 100 at highest level since November 4th - Eurozone inflation ramps up interest-rate speculation - Banks helped by funding data - IAG reports strong December traffic figures techMARK 2,789.43 -0.10% FTSE 100 6,755.45 +0.37% FTSE 250 16,069.19 +0.12% UK markets finished with decent gains on
Read moreLondon midday: Stocks gain, ECB in focus as inflation eases
7th Jan 2014 11:31
- Eurozone inflation eases to 0.8 per cent - ECB in focus ahead of meeting on Thursday - Banks lift Footsie into positive territory techMARK 2,796.28 +0.14% FTSE 100 6,761.20 +0.45% FTSE 250 16,076.04 +0.17% After a slow start, markets pushed into positive territory by Tuesday lunchtime as an unex
Read moreLondon open: Markets flat as investors await Eurozone CPI
7th Jan 2014 08:18
- Eurozone CPI data in focus ahead of ECB meeting - US jobs report to be closely watched - Jefferies lifts Ashtead, ITV and BSkyB early on - Dunelm falls after Q2 sales update techMARK 2,791.39 -0.03% FTSE 100 6,728.37 -0.04% FTSE 250 16,030.92 -0.11% UK markets opened flat once again on Tuesday m
Read moreFTSE 100 movers: RSA jumps on 'buy' rating
6th Jan 2014 14:52
RSA Insurance was a high riser today after UBS raised its target price for the stock from 100p to 113p and maintained a 'buy' rating. The bank added the stock to its 'Alpha Preferences Most Preferred List', saying: "While there are significant uncertainties, we think that the balance of risks is to
Read moreDesmond considers potential sale of Channel 5, reports claim
2nd Jan 2014 12:00
Channel 5 owner Richard Desmond is considering putting the broadcaster on the market for more than 700m pounds, reports have claimed. Desmond, whose company Northern & Shell bought the channel for £103.5m in 2010, successfully returned the business to profit during the three-and-a-half years it ha
Read moreTuesday broker round-up UPDATE
10th Dec 2013 09:43
Amlin: Westhouse Securities moves target price from 470p to 480p and reiterates an add rating. Antofagasta: Credit Suisse reduces target price from 900p to 750p, while upgrading to neutral. UBS cuts target price from 845p to 765p retaining its neutral rating. Ashley House: WH Ireland moves target
Read moreWednesday broker round-up UPDATE
4th Dec 2013 09:21
Afren: FinnCap lowers target price from 170p to 165p and downgrades to hold. Amlin: Espirito Santo upgrades to buy with a target price of 509p. Betfair: Citi raises target price from 1150p to 1225p maintaining a buy recommendation. Brewin Dolphin: Canaccord Genuity increases target price from 285
Read moreThursday broker round-up UPDATE
21st Nov 2013 09:14
Aggreko: Liberum Capital initiates with a target price of 1500p and a hold recommendation. Antofagasta: UBS reduces target price from 965p to 870p and downgrades from buy to neutral. APR Energy: Liberum Capital starts with a target price of 890p and a sell recommendation. Ashtead Group: Liberum C
Read moreBroker tips: Royal Mail, ITV, Diageo, IHG
20th Nov 2013 12:16
UBS has told clients to 'sell' their shares in Royal Mail, saying the postal service is now over-valued. The investment bank, which was one of the lead bookrunners on the £3.3bn privatisation of Royal Mail last month, said the market was far too optimistic about the company's prospects. Nomura h
Read moreBroker snap: Nomura lifts target for ITV on ad momentum
20th Nov 2013 09:28
Nomura has reiterated its 'buy' rating for terrestrial broadcaster ITV on the back of this week's solid trading update from the company combined with continuing advertising momentum. Revenues for the first nine months of the year were up 6% at £1.664bn, in line with Nomura's expectations, with thir
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