Broker snap: Peel Hunt downgrades ITV to hold
15th Feb 2012 10:32
With shares in broadcaster ITV having gained steadily since mid-December, Peel Hunt thinks they are now up with events and downgrades the stock from buy to hold ahead of the company's full-year results at the end of the month. Shares closed yesterday's session at 78.5p, well above the 60-65p level
Read moreWednesday broker round-up - UPDATE
15th Feb 2012 09:25
Essar Energy: Morgan Stanley upgrades to neutral from underperform. Anglo American: Citi downgrades to neutral from buy. International Consolidated Airlines: Credit Suisse raises target from 152p to 189p, neutral rating kept. InterContinental Hotels: Credit Suisse raises target to 1,521p from 1,
Read moreMonday broker round-up - UPDATE
13th Feb 2012 09:08
SAB Miller: Credit Suisse initiates at outperform and with a price target of 2,900p. Lloyds: Nomura downgrades from neutral to reduce, cuts target from 40p to 35p. Royal Bank of Scotland: Nomura downgrades from neutral to reduce, cuts target from 34p to 26p. Barclays: Nomura downgrades from buy
Read moreWednesday broker round-up - UPDATE
11th Jan 2012 08:56
Unilever: Bank of America Merrill Lynch downgrades to underweight from neutral. Aggreko: Credit Suisse downgrades to neutral from outperform. Capita: Citi upgrades to buy from neutral. Reckitt Benckiser: Morgan Stanley upgrades to overweight from neutral. Rentokil: RBC upgrades to top-pick fr
Read moreLondon close: Footsie finishes below best levels
6th Jan 2012 17:17
London closed comfortably below its best levels of the day despite better than expected US jobless data which had some market commentators crying 'foul'. US non-farm payrolls grew by 200,000 during the month of December. The consensus estimate was for a reading of 155,000. Morgan Stanley has sugges
Read moreFTSE 100: Burberry struts into top place
6th Jan 2012 12:59
Burberry was in the coveted top spot today, having risen close to 3%, bolstered by encouraging signs for its Asian business. China's Commerce Minister Chen Deming said the government is studying measures to boost consumption, including the promotion of online shopping and tourism. Chen spoke at the
Read moreLondon midday: Man down as CS cuts target price
6th Jan 2012 12:40
After a quiet start, London's leading shares have kicked on a bit, ahead of the release this afternoon of US jobs data for December. The market is expecting US non-farm payrolls to have increased by 150,000 in December, an improvement on November's 120,000 increase. The unemployment rate is tipped
Read moreFTSE 100 Movers: Next's forecasts to be downgraded, broker suggests
4th Jan 2012 12:39
Fashion chain Next was in the bottom spot on the FTSE 100 leader-board after it saw slightly disappointing trading at its Retail stores. Interestingly, the firm says its post-Christmas sale period has gone well, with final clearance rates slightly ahead of 2010. This will give investors some heart
Read moreFTSE 100 movers: Aggreko extends gains, pharmas fall
20th Dec 2011 15:29
Temporary power supplier Aggreko was leading the gains on the FTSE 100 on Tuesday, as investors continue to celebrate yesterday's news that full-year profits should come in slightly ahead of previous guidance. Media stocks were also on the rise with advertising giant WPP among the best performers i
Read moreSector movers: Astra, Glaxo drag down pharmas
20th Dec 2011 12:52
The pharmaceuticals were on the decline today, dragged lower by sector giant AstraZeneca. AstraZeneca warned this morning that earnings will come in at the lower end of expectations after it took a $381.5m hit from failed drug tests. The company has stopped development of its ovarian cancer treat
Read moreBroker tips: Cairn Energy, ITV, Ultra Electronics
15th Dec 2011 12:56
Despite Cairn Energy's "early Christmas present" of a $3.5bn special dividend, Investec stays cautious on the oil giant. However, analyst Angus McPhall said: "Given a lack of success at the drill-bit in Greenland, lower GDP growth rates in India, weakness in the Indian Rupee, and no apparent 'Plan
Read moreBroker snap: Buy ITV after Ofcom decision, says Panmure
15th Dec 2011 12:49
Shares of ITV were on the up on Thursday after industry regulator Ofcom decided against referring the TV advertising market to the Competition Commission. Panmure Gordon has reiterated its buy rating on the terrestrial broadcaster. Ofcom launched a review in June into TV advertising to investigate
Read moreFTSE 100 Movers: Petrofac leads the way
13th Dec 2011 14:51
Oilfield services firm Petrofac soared into the top spot after announcing that it expects to deliver like-for-like (LFL) profit growth in 2011 of at least 20%, the company announced this morning. While the order book may have "unwound" slightly (from $10.8bn in September to $10.6bn expected at the
Read moreThursday broker round-up - UPDATE
17th Nov 2011 09:45
Intertek: Credit Suisse reiterates outperform rating and 2,250p target - "Focus List stock". Imperial Tobacco: Nomura downgrades from buy to reduce, target cut from 2,400p to 2,150p. British American Tobacco: Nomura raises target from 3,020p to 3,320p, buy rating maintained. Experian: Credit Suis
Read moreLondon close: Financials lower as euro fears persist
14th Nov 2011 16:40
Financials led the decline on Monday, bearing the brunt of Eurozone contagion fears. All eyes were on the bond market as yields on Italian and Spanish debt crept higher. ALL EYES ON BOND MARKETS The Italian Treasury met its target after issuing €3bn in five-year debt today, and while demand improv
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