Friday broker round-up UPDATE
13th Sep 2013 08:26
ASOS: Panmure Gordon raises target price from 4555p to 5950p maintaining a buy recommendation. AstraZeneca: Jefferies reduces target price from 3200p to 2850p and retains a hold recommendation. Barclays: Jefferies initiates with a target price of 367p and a buy recommendation. Barratt Development
Read moreITV announces step-down rating change to notes
11th Sep 2013 13:49
Broadcaster ITV has said that there has been a step-down rating change in relation to its series 2006-1 notes. The rate of interest on the £250m notes will decrease from 7.375% to 6.125% from the interest payment date of January 5th 2014. The change is due to Moody's August announcement that it h
Read moreWednesday broker round-up UPDATE
11th Sep 2013 08:14
Advanced Medical Solutions: Panmure Gordon moves target price from 90p to 102p and reiterates a buy recommendation. Amara Mining: Numis shifts target price from 40p to 45p retaining its buy recommendation. Anite: Numis cuts target price from 155p to 128p and downgrades to hold. Ashmore Group: Ban
Read moreLondon close: Taper concerns hit stocks ahead of Fed minutes
21st Aug 2013 16:50
London's benchmark index dropped one per cent on Wednesday as investors trimmed positions and took cover ahead of the risk event of the week, the minutes of the Federal Open Market Committee (FOMC) meeting due out later this evening. The FTSE 100 ended 62.62 points lower on the day at 6,390.84, a f
Read moreFTSE 100 movers: IHG leads fallers after going ex-div
21st Aug 2013 13:43
Holiday Inn and Crowne Plaza owner InterContinental Hotels Group was a heavy faller on Wednesday, dropping over six per cent after going ex-dividend, meaning that new investors won't be able to get their hands on the company's latest dividend payment. A number of other heavyweight stocks also went
Read moreLondon close: Markets finish lower despite late rally
20th Aug 2013 16:39
Markets slumped to a six-week low on Tuesday as investors trimmed positions and scaled back risk appetite ahead of minutes of the latest US policy meeting due out tomorrow. The FTSE 100 dropped to an intraday low of around 6,400 early on after a series of disappointing corporate earnings, but ralli
Read moreBroker tips: AMEC, Meggitt, ITV
20th Aug 2013 11:13
Credit Suisse has maintained its upbeat stance on engineering consultancy firm AMEC despite Monday's rejected takeover bid of smaller rival Kentz Corporation, saying that the company could re-start share buybacks later in the year. "If Amec fails to secure a meaningful acquisition by 4Q management
Read moreBroker snap: ITV to benefit from UK ad upswing, says Morgan Stanley
20th Aug 2013 09:56
Morgan Stanley has raised its target price for terrestrial broadcaster ITV from 175p to 185p, highlighting the potential for an upswing in UK advertising. The bank also reiterated its 'overweight' position on the group despite this stock's impressive performance so far this year which has seen shar
Read moreTuesday broker round-up UPDATE
20th Aug 2013 08:26
AMEC: Liberum Capital cuts target price from 1135p to 1120p and reiterates a hold recommendation. BAE Systems: Investec increases target price from 370p to 450p upgrading from hold to add. Bovis Homes Group: Deutsche Bank shifts target price from 900p to 901p and keeps a buy recommendation. Citi r
Read moreLondon close: Gains limited ahead of central bank decisions
30th Jul 2013 16:41
Caution ahead of a number of central-bank policy decisions kept gains on equity markets to a minimum on Tuesday, with the FTSE 100 finishing slightly higher as traders digested a barrage of corporate earnings. The outcome of the Federal Open Market Committee meeting will be in focus on Wednesday, t
Read moreLondon midday: Markets rise on earnings, Gfk data
30th Jul 2013 11:39
Markets edged higher on Tuesday morning as traders reacted to a barrage of corporate earnings and data which showed that German consumers were at their most optimistic in six years. The GfK's forward-looking consumer confidence survey for Germany rose from 6.8 to 7.0 in August, its highest levels s
Read moreLondon open: Markets higher as traders digest mixed earnings
30th Jul 2013 08:50
Strong gains for GKN, ITV, Weir and Next helped push London's FTSE 100 into positive territory on Tuesday morning, offsetting weakness from the likes of Barclays and BP. Meanwhile, markets across Europe were also doing well early on as investors reacted to upbeat earnings reports from French heavyw
Read moreLondon pre-open: Stocks seen higher, Barclays in focus
30th Jul 2013 07:40
The FTSE 100 is expected to open higher on Tuesday as markets react to earnings reports from a number of heavyweight banks across Europe, including UBS, Deutsche Bank and Barclays. Asian markets performed well overnight, but stocks on Wall Street broadly fell as investors turned cautious ahead of a
Read moreITV's half-year profits rise on cost cutting progress
30th Jul 2013 07:09
ITV reported a 16 per cent rise in adjusted pre-tax profits for the first half to 270m pounds as the UK TV network achieved higher margins and cut costs. Earnings before interest, tax and amortisation (EBITA) was up 11% to £291m, boosted by ITV Studios and Broadcast and Online divisions which achie
Read moreSunday newspaper round-up: Barclays, Lloyds, GKN
28th Jul 2013 16:28
Barclays could announce a four billion pounds rights issue on July 30th as part of its plan to boost capital, the Financial Times and other papers reported. The bank may also issue hybrid bonds and shrink its balance sheet to meet regulatory demands for a £7bn capital shortfall. The bank reports sec
Read more