Friday broker round-up - UPDATE
1st Jun 2012 09:16
SAB Miller: Credit Suisse reiterates outperform; Societe Generale upgrades to buy from hold, while raising target to 2,800p from 2,600p. ITV: Investec downgrades to sell from hold, lowers target to 60p from 90p. BP: Jefferies reiterates buy recommendation and 525p target. Enterprise Inns: Peel
Read moreLondon close: Greece continues to weigh on stocks
9th May 2012 16:31
- Greek politics weighs on sentiment - Merkel tells Greece to stick to austerity - Sage, Weir fall heavily after updates London's blue chips rallied in afternoon trade after steep losses early on, but still finished well in the red on the back of concerns over the political situation in Greece. Com
Read moreFTSE 100 movers: ITV gains while Weir takes a hit
9th May 2012 15:14
Terrestrial broadcaster ITV was performing well after saying that its first-half net advertising revenues will be ahead of the market, thanks to an expected boost from the Euro 2012 football tournament. Revenues at Broadcasting & Online edged up a mere 1% to £440m in the first three months of 2012 f
Read moreITV reducing its dependence on ads
9th May 2012 10:49
While the focus at ITV is typically on net advertising revenues (NAR), the broadcaster's programme making unit, ITV Studios, is becoming increasingly significant. Revenues at ITV Broadcasting & Online edged up a mere 1% to £440m in the first three months of 2012 from £436m the year before, but ITV
Read moreLondon open: Stocks claw back after heavy sell-off
9th May 2012 08:35
- Eurozone political uncertainty still ongoing - ITV, Sainsbury, Glencore wanted after updates - Weir and Sage fall sharply While the political uncertainty in the Eurozone is still on investors' minds, the FTSE 100 opened slightly higher on Wednesday morning following steep losses seen the day befo
Read moreLondon pre-open: Slight rise expected after Tuesday's heavy losses
9th May 2012 07:37
City sources predict the FTSE 100 will open up 12 points from yesterday's close of 5,555, somewhat paring loses of 101 points in the previous session as political uncertainty in Greece continues to demoralise investors across Europe. Terrestrial broadcaster ITV has forecast its first half net adv
Read moreITV expects to out-perform
9th May 2012 07:01
Terrestrial broadcaster ITV has forecast its first half net advertising revenues (NAR) will be ahead of the market, thanks to an expected boost from the Euro 2012 football tournament. The company issued guidance of a year-on-year (y/y) increase of 3% in NAR for the first half of 2012, despite ITV F
Read moreWednesday preview: Sainsbury, ITV, IHG, easyJet
8th May 2012 15:55
Results from Sainsbury on Wednesday may give some pointers whether sector leader Tesco is finally rousing from its slumbers in the UK. Results from Morrisons in the first week of May showed that supermarket chain suffering its first year-on-year fall in like-for-like (LFL) sales since the time it b
Read moreSector movers: Industrial miners shrug off Chinese data
13th Apr 2012 15:12
Industrial metals and mining stocks were the best performers of the day despite some worse-than-expected economic data from China. Gross domestic product (GDP) growth in China slowed to an annual rate of 8.1% in the first quarter of 2012, according to the National Bureau of Statistics, down from th
Read moreWednesday broker round-up - UPDATE
11th Apr 2012 09:36
Barclays: Investec upgrades from hold to buy. Centamin Egypt: Nomura cuts target from 120p to 100p, neutral rating retained. Dignity: Peel Hunt reiterates hold rating and 800p target. Dunelm Group: Investec lifts target from 450p to 500p, hold rating kept; Panmure Gordon keeps buy rating and 600
Read moreMonday broker round-up - UPDATE
26th Mar 2012 09:24
Aberdeen Asset Management: Peel Hunt upgrades from hold to buy, target left at 280p. Aggreko: Peel Hunt retains hold rating and 2,200p target. Amlin: Nomura downgrades from buy to neutral, target left at 383p. Anite: Peel Hunt raises target from 150p to 165p, buy rating kept. BBA Aviation: Jeffe
Read moreFriday broker round-up
23rd Mar 2012 09:23
Aviva: UBS raises target from 380p to 450p, buy rating unchanged. British American Tobacco: Jefferies ups targets from 3,340p to 3,600p, buy recommendation maintained. Bunzl: Jefferies reiterates underperform rating and 845p target. Imperial Tobacco: UBS raises target from 2,545p to 2,745p, buy r
Read moreFriday broker round-up
9th Mar 2012 10:00
ITV: Goldman Sachs raises price target to 137p from 102p, keeps at buy. Admiral: UBS hikes target from 890p to 1,085p, neutral rating unchanged. Bank of America-Merrill Lynch downgrades to underperform from neutral. AGA Rangemaster: Merchant Securities reiterates buy rating and 102p target. Ca
Read moreTuesday newspaper round-up: Iraq oil, Afghanistan, Glencore
6th Mar 2012 06:58
Iraq's oil production has recovered to levels that it last experienced in 1979 ? the year before it went to war with Iran. The country is pumping more than three million barrels of oil a day for the first time in more than 30 years, a revival that could ease growing fears of a global supply crunch s
Read moreMurdoch's senior advisor ditches bucket load of shares
2nd Mar 2012 16:08
Arthur Siskind, senior advisor to News Corp. Chairman Rupert Murdoch, has ditched 120,000 shares in the firm. Siskind sold the shares at $20.26 each for a total of $2,431,200 on February 29th. The transaction came just one day before James Murdoch, son of media mogul Rupert Murdoch, quit his rol
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