Tuesday broker round-up UPDATE
9th Apr 2013 08:10
African Barrick Gold: Westhouse Securities upgrades from sell to neutral with a target price of 195p. Borders & Southern: Sanlam Securites shifts target price from 86.60p to 87.40p and leaves its buy recommendation unchanged. Britvic: Nomura raises target price from 480p to 540p keeping a buy reco
Read moreFriday newspaper round-up: Cyprus, UK gas reserves, Co-Op...
22nd Mar 2013 06:57
The Telegraph reports that Cyprus is looking to inflict losses of up to 40 per cent on large depositors only, saving all smaller deposits of up to 100,000 euros, in an effect to prevent an economic collapse next week. The move includes the restructuring or freezing of all assets held in two of its b
Read moreWednesday broker round-up UPDATE
20th Mar 2013 08:53
Abcam: Canaccord Genuity moves target price from 344p to 358p, but still recommends selling. Antofagasta: Jefferies cuts target price from 1350p to 1100p, while keeping a hold recommendation. ASOS: Cantor Fitzgerald raises target price from 2500p to 2900p reiterating a hold recommendation. Panmure
Read moreNetplay TV shares surge on ITV deal
15th Mar 2013 15:21
NetPlay TV shares climbed Friday after the interactive gaming company announced a three-year broadcast agreement with ITV. The deal will see NetPlay increase its live broadcast on the television channel to six nights a week from Monday to Saturday. NetPlay will also gain access to ITV's online in
Read moreThursday broker round-up UPDATE
7th Mar 2013 07:25
Admiral: Nomura raises target price from 1350p to 1493p keeping a buy recommendation. African Barrick Gold: Nomura cuts target price from 435p to 200p and downgrades from neutral to reduce. Aggreko: Investec increases target price from 1750p to 1940p upgrading from hold to buy. Anglo American: No
Read moreITV pays off 'significant proportion' of loan
6th Mar 2013 13:51
ITV, the FTSE 100 television company, announced Wednesday afternoon that it had that day repaid a 'significant proportion' of its 2019 bilateral loan. The group has repaid £138m of the £200m loan, and total savings in adjusted financing costs are expected to be around £50m over the remainder of th
Read moreLondon close: Stocks gain as US economic data impresses
28th Feb 2013 16:23
An upwards revision to US economic growth estimates prompted an afternoon rally in London, with markets extending gains after some dovish comments from central bankers in the US and Europe. Concerns about a recession in the States proved premature, as the initial estimate of a 0.1% contraction in U
Read moreSector movers: ITV, Reed Elsevier and WPP lift media sector
28th Feb 2013 15:25
The media sector was on the up on Thursday as strong gains for FTSE 100 heavyweights ITV, Reed Elsevier and WPP provided a lift. Terrestrial broadcaster ITV was up nearly 5.0% before the close, one day after rewarding shareholders with a special dividend worth £156m as it posted 2012 results which
Read moreFTSE 100 movers: Kazakhmys in red on plans to slash divi
28th Feb 2013 15:21
Copper giant Kazakhmys was the worst performer of the day after saying that it would be slashing its dividend for 2012 to reflect falling profits. The company also said that its CFO would step down in May, when its Chairman is also due to retire. UK lender RBS slumped in morning trade despite core
Read moreThursday broker round-up UPDATE
28th Feb 2013 07:19
AZ Electronic Materials: Goldman Sachs moves target price from 440p to 450p and retains a buy recommendation. Bovis Homes Group: Deutsche Bank shifts target price from 667p to 679p, while downgrading to hold. British American Tabacco: Investec places its target price (previously 3350p) and buy rec
Read moreLondon close: Stocks rebound after upbeat US housing data
27th Feb 2013 17:08
Continuing upbeat data from the US housing sector boosted the FTSE 100 in afternoon trade on Wednesday, as stocks tracked Wall Street indices higher. Stocks sank yesterday (FTSE 100 down 1.3%, Cac 40 down 2.7% and FTSE MIB down 4.9%) in the wake of the Italian elections which revealed growing suppo
Read moreFTSE 100 movers: Petrofac down on underwhelming results
27th Feb 2013 15:42
Oilfield services group Petrofac was a big faller after underwhelming with a nine per cent rise in revenue and 17 per cent increase in net profit in 2012. The firm´s plans to invest around $1bn in capital outlays over the next five years displeased some analysts. Eurasian Natural Resources Corpora
Read moreLondon midday: Sentiment still fragile after inconclusive Italian elections
27th Feb 2013 11:28
Markets across Europe were staging a slight rebound on Wednesday but sentiment was still fragile as political instability in Italy spread fears that the Eurozone crisis could drag on for some time yet. Stocks sank yesterday (FTSE 100 down 1.3%, Cac 40 down 2.7% and FTSE MIB down 4.9%) in the wake o
Read moreBroker tips: HSBC, Weir, ITV
27th Feb 2013 10:23
Investec has upgraded its recommendation for global banking giant HSBC from 'hold' to 'add' and lifted its price target from 685p to 735p after the stock's recent underperformance. "After 46 disposals/closures in two years with a wide array of balance sheet/income statement effects, net net, we see
Read moreBroker snap: ITV share-price strength to continue, says Westhouse
27th Feb 2013 09:20
Westhouse Securities has retained its 'add' rating and 133p target price for terrestrial broadcaster ITV, saying that the company's results for 2012 show a 'robust performance despite a challenging market backdrop'. Revenues came in at £2,196m, up 3.0% year-on-year, while earnings before interest,
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