Numis upgrades Johnson Matthey, expects double-digit underlying growth
12th Jun 2014 10:20
Despite a number of headwinds, Johnson Matthey should be able to deliver double-digit underlying growth this year, according to Numis Securities which upgraded its rating on the stock on Thursday from 'hold' to 'add'. The chemicals group impressed last week by reporting an underlying profit before
Read moreTuesday broker round-up UPDATE
12th Jun 2014 08:50
Afren: Oriel downgrades from buy to hold with a target price of 145p. Aggreko: RBC Capital downgrades to neutral with a target price of 1700p. Betfair Group: Morgan Stanley raises target price from 1150p to 1260p and keeps an overweight rating. BG Group: Nomura downgrades to neutral with a target
Read moreFTSE 100 movers: Randgold tracks gold higher
11th Jun 2014 15:26
Mining group Randgold Resources was a top performer on Wednesday, carried on the back of a recovering gold price. J Sainsbury was also higher after coming in slightly ahead of expectations with a 1.1% first-quarter fall in like-for-like (LFL) retail sales, excluding fuel. Outgoing Chief Executive
Read moreLondon midday: Airlines and engineers weigh on FTSE 100
11th Jun 2014 11:26
- Lufthansa profit warning hits airline stocks - Rolls-Royce falls as Emirates cancels order - UK unemployment falls, wage growth slows - World Bank cuts growth forecasts techMARK 2,839.77 -0.68% FTSE 100 6,838.15 -0.52% FTSE 250 16,031.19 -1.11% Mixed labour-market data, a growth downgrade from t
Read moreLondon open: Lack of catalysts sends UK stocks lower early on
11th Jun 2014 08:46
- Markets fall as traders await catalysts - Sainsbury's gains despite drop in Q1 LFL sales - Rolls-Royce hit by Emirates order cancellation techMARK 2,846.37 -0.45% FTSE 100 6,855.44 -0.26% FTSE 250 16,103.59 -0.66% UK stocks edged lower on Wednesday as markets continue to struggle for direction w
Read moreFriday broker round-up UPDATE
6th Jun 2014 09:38
African Minerals: Investec places both its target price (prev.: 189p) and its buy recommendation under review. ASOS: JP Morgan reduces target price from 6600p to 4259p and retains its overweight rating. Citi reduces target price from 7000p to 3700p, while leaving its buy recommendation unchanged. D
Read moreLondon midday: Investors show caution ahead of ECB, ASOS leads retailers lower
5th Jun 2014 11:25
- Markets await ECB decision, Draghi with caution - BoE keeps policy unchanged - ASOS shares plummet after profit warning, retailers fall - Smith & Nephew jumps on continued M&A speculation techMARK 2,820.75 -0.07% FTSE 100 6,796.31 -0.33% FTSE 250 15,939.53 -0.29% UK stocks were in the red on Thu
Read moreThursday broker round-up UPDATE
5th Jun 2014 09:37
Aberdeen Asset Management: Liberum Capital initiates with a target price of 555p and a buy recommendation. Ashmore Group: Liberum Capital starts with a target price of 303p and a sell recommendation. ASOS: N+1 Singer places both its target price (prev.: 4100p) and its hold recommendation under rev
Read moreLondon open: ASOS plummets as UK stocks fall ahead of ECB
5th Jun 2014 08:26
techMARK 2,825.83 +0.11% FTSE 100 6,802.80 -0.23% FTSE 250 15,937.44 -0.31% A surprise profit warning from fast-growing fashion retailer ASOS and a cautious outlook from speciality chemicals firm Johnson Matthey sent UK stock markets lower on Thursday, as investors nerves were tested ahead of the p
Read moreLondon pre-open: Quiet start expected as investors eagerly await ECB decision
5th Jun 2014 07:26
It is likely to be a subdued start for equity markets in the UK as investors sit on their hands ahead of the pivotal European Central Bank (ECB) meeting this afternoon. Though the ECB is widely expected to unleash a host of new measures to battle deflationary pressures and boost growth across the
Read moreJohnson Matthey posts higher profits but sees flat 2014/15
5th Jun 2014 07:00
Speciality chemicals group Johnson Matthey reported higher sales and profits and hiked its dividend but warned that changes in a deal with Anglo American Platinum (AAP) and currency movements would cancel out growth this year. Johnson, which makes catalytic converters for cars, said pre-tax profit
Read moreFriday broker round-up UPDATE
23rd May 2014 09:53
Admiral Group: JP Morgan raises target price from 1022p to 1164p, while staying with its underweight rating. Antofagasta: Investec cuts target price from 715p to 690p and leaves its sell recommendation unchanged. Assura Group: Liberum Capital shifts target price from 44p to 47p and stays with its
Read moreFTSE 100 movers: Insurers lead upside after recent falls
4th Apr 2014 14:43
Insurance groups RSA, Resolution and Aviva all made decent gains, bucking the trend of recent times, hit by both the Budget statement and the Financial Conduct Authority's plans to review old insurance policies. Pearson was higher after Jefferies upgraded the publisher to 'buy' and raised its targ
Read moreFriday broker round-up UPDATE
4th Apr 2014 10:07
African Minerals: Deutsche Bank reduces target price from 382p to 335p, while its buy recommendation remains unchanged. Arrow Global: Canaccord Genuity moves target price from 309p to 318p and keeps a buy recommendation. Ashmore Group: JP Morgan takes target price from 344p to 351p and maintains a
Read moreMonday broker round-up UPDATE
31st Mar 2014 10:41
African Minerals: Credit Suisse cuts target price from 280p to 200p maintaining a neutral rating. Anglo American: Credit Suisse reduces target price from 1900p to 1800p and retains an outperform rating. ARM Holdings: Barclays takes target price from 1125p to 1200p and reiterates an overweight reco
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