Tuesday broker round-up UPDATE
7th May 2013 07:18
Admiral Group: JP Morgan reduces target price from 1246p to 1108p downgrading to underweight. Afren: Deutsche Bank lowers target price from 165p to 150p, while leaving its buy recommendation unchanged. Investec ups target price from 138p to 160p and upgrades from hold to buy. Betfair Group: Numis
Read moreFTSE 100 movers: GSK rises on COPD treatment approval
18th Apr 2013 14:59
Shares in pharmaceuticals giant GlaxoSmithKline gained after the the US FDA approved Breo Ellipta, the company's treatment for chronic obstructive pulmonary disease (COPD). "This positive recommendation is a crucial first step towards making Breo Ellipta available for appropriate COPD patients acros
Read moreLondon midday: Markets snap four-day losing streak
18th Apr 2013 11:17
Developments in the Eurozone were supporting stocks on Thursday morning as markets rebounded to snap a four-day losing streak. However, the focus is likely to turn to the US later on as first-quarter earnings season continues to dictate sentiment. Wall Street benchmarks slumped last night after som
Read moreLondon open: Stocks edge higher early on
18th Apr 2013 08:59
UK stocks edged higher on Thursday morning, snapping a four-day losing streak, despite some weakness in the heavyweight mining sector. Things were pretty busy on the corporate news front today, with a host of companies on the FTSE 100 releasing trading updates and reports, giving investors plenty t
Read moreKingfisher acquires 15 Romanian home improvement stores
18th Apr 2013 07:59
Home improvement retailer Kingfisher has acquired 15 'Brincostore' retail outlets in Romania from a French retail company for an undisclosed sum, it announced Thursday. The group said that the deal should be completed within the next two months, and is expected to be earnings neutral in the first
Read moreWednesday broker round-up UPDATE
27th Mar 2013 08:52
Amara Mining: Westhouse Securities lowers target price from 124p to 110p, while reiterating a buy recommendation. Ashtead: Canaccord Genuity ups target price to 170p and keeps a buy recommendation. Bellway: Deutsche Bank revises target price from 1381p to 1395p and reiterates a hold recommendation
Read moreWednesday share tips: ENRC, Resolution, Kazhakmys
27th Mar 2013 07:10
ENRC may fall victim to suspicion by association to Kazhakmys, even though it was the latter's share price which yesterday got knocked down after announcing a $2.2bn write-down on its stake in rival copper miner ENRC. More poignantly for investors, the shares have also been under great pressure and
Read moreLondon midday: Markets still nervous after Cypriot bailout
26th Mar 2013 11:57
Markets were rangebound on Tuesday morning, making only slight gains, with concerns about Cyprus still very much in focus following the comments made by the head of the Eurogroup yesterday. Following the €10bn deal to bail out Cyprus at the weekend, which involved forcing big losses on uninsured de
Read moreBroker tips: Kingfisher, Kazakhmys, Housebuilders
26th Mar 2013 11:23
Panmure Gordon has reiterated its 'buy' rating and 350p target price for B&Q owner Kingfisher after a more or less in-line set of results for 2012. The broker said: "Having massaged expectations down over the last 12 months, strong cash flow should be the focus today. We are buyers on the view that
Read moreBroker snap: Panmure hails strong cash flow at Kingfisher
26th Mar 2013 11:16
Panmure Gordon has reiterated its 'buy' rating and 350p target price for B&Q owner Kingfisher after a more or less in-line set of results for 2012. Pre-tax profits fell 11% to £715m last year as the group was hit by the terrible weather at the start of 2012 (trimming profits by £25m) and a currency
Read moreLondon open: Markets flat with focus on Cyprus, US data
26th Mar 2013 08:25
Markets opened more or less flat on Tuesday with sentiment still fragile following the Cypriot bailout and investors showing caution ahead of some key economic data from the US. Durable-goods orders, the S&P/Case-Shiller Home Price Index, new home sales and consumer confidence figures are all due o
Read moreLondon pre-open: Stocks to recoup previous day´s losses
26th Mar 2013 07:30
The Footsie is being called to start the day approximately 17 points higher after European authorities backtracked from their assertment that the bail-out of Cyprus will serve as a template for other future such actions. Nevertheless, investors will be watching for any further details regarding th
Read moreWet weather dampens Kingfisher's annual results
26th Mar 2013 07:00
Home improvement retailer Kingfisher posted a fall in annual pre-tax profit Tuesday in line with market expectations as wet weather in the UK dampened sales. Profit before tax came to £715m for the 2012/13 period, an 11.4% plunge from the previous year's £807m. Sales dropped by 2.4% to £10.5bn fr
Read moreTuesday preview: Wet weather to have impact on Kingfisher results
25th Mar 2013 15:17
European home improvement retailer Kingfisher will report "weather battered" annual results on Tuesday, according to analysts' forecasts. The company's 2012/13 results are expected to reflect the impact of Britain's wettest year on record, a continued weak UK housing market, rapidly deteriorating
Read moreTuesday broker round-up UPDATE
5th Mar 2013 07:15
Abcam: Investec raises target price from 466p to 484p and keeps a buy recommendation. Numis revises target price from 470p to 530p and maintains its buy ratng. Access Intelligence: Merchant Securities initiates with a target price of 7p and a buy recommendation. Amlin: Canaccord Genuity raises tar
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