Friday broker round-up UPDATE
22nd Feb 2013 07:12
Antofagasta: RBC upgrades from underperform to outperform. Ashmore Group: Citigroup raises target price from 330p to 355p upgrading to neutral. JP Morgan ups target price from 361p to 413p and maintains a neutral rating. Babcock International: Citigroup revises target price from 965p to 1185p and
Read moreLondon close: Stocks tank after Fed wavers on QE
21st Feb 2013 16:40
Hawkish comments from the Federal Reserve weighed heavily on markets on Thursday with cyclical stocks bearing the brunt of the sell-off as traders looked to book some profits after a strong run in recent months. The FTSE 100 was boosted on Wednesday to highs not seen since January 2008 after minute
Read moreLondon midday: Stocks plummet after Fed minutes, Eurozone PMI
21st Feb 2013 11:49
The FTSE 100 was registering triple-digit losses by Thursday lunchtime as uncertainty at the US Federal Reserve dampened risk appetite and spooked markets into a sell-off. London's benchmark index rose to highs not seen since January 2008 yesterday after minutes from this month's Bank of England Mo
Read moreForex and weather continue to hurt Kingfisher
21st Feb 2013 07:14
Home improvement retail company Kingfisher reported a decline in like-for like fourth quarter sales as the group battled against weak consumer confidence, unfavourable foreign exchange and poor weather in the UK. The DIY retailer, which operates the B&Q and Screwfix chains, said lfl sales fell 3.4%
Read moreB&Q owner Kingfisher attempts to save troubled Irish business
1st Feb 2013 15:29
Kingfisher, the DIY retailer which operates the B&Q and Screwfix chains, has put its Irish division into the 'Examinership Process' as it attempts to save the loss-making arm. B&Q is Britain's number-one garden centre chain with around 350 stores and 21,000 employees; it is nearly twice the size of
Read moreBroker snap: Seymour Pierce rates Kingfisher as 'sell' on Irish troubles
1st Feb 2013 10:47
Seymour Pierce has retained its 'sell' recommendation for DIY retailer and B&Q owner Kingfisher following the new that the firm is putting its loss-making Irish business into administration. It was reported on Friday morning that the company would likely close four of its nine stores and aim to red
Read moreThursday broker round-up UPDATE
31st Jan 2013 07:07
Aberdeen Asset Management: Bank of America ups target price from 400p to 425p maintaining a neutral rating. Afren: JP Morgan lowers target price from 210p to 195p and downgrades to neutral. Amino Technologies: Northland Capital raises target price from 85p to 90p keeping a buy recommendation. Ant
Read moreMonday broker round-up - UPDATE
28th Jan 2013 08:04
Amino Technologies: Northland Capital takes price target from 75p to 80p reiterating a buy recommendation. Anglo American: Deutsche Bank shifts target price from 2230p to 2200p and retains a buy recommendation. Anite: Panmure Gordon increases target price from 165p to 170p and maintains a buy rati
Read moreFriday broker round-up UPDATE
25th Jan 2013 07:03
Aberdeen Asset Management: Goldman Sachs upgrades to buy with its target price at 360p. APR Energy: JP Morgan lowers target price from 1005p to 950p, while its overweight rating is left unchanged. Brooks Macdonald Group: Numis ups target price from 1400p to 1470p and retains a hold recommendation.
Read moreBroker tips: Unilever, Kingfisher, Fresnillo
23rd Jan 2013 10:55
Investec has reiterated its 'buy' rating and 2,800p target price for consumer goods giant Unilever after its fourth-quarter results came in ahead of forecasts. "The Q4 & FY12 numbers have beaten consensus expectations on the key metrics of organic growth and core margins (core earnings per share we
Read moreBroker snap: Deutsche Bank cuts Kingfisher forecasts
23rd Jan 2013 09:02
Deutsche Bank has trimmed its fourth-quarter forecasts for B&Q and Screwfix owner Kingfisher on the back of a negative read-across from peers in the DIY retail industry. "Last week's data from Homebase and the Banque de France suggest market weakness and continued downside risk to Kingfisher's Q4 p
Read moreWednesday broker round-up UPDATE
23rd Jan 2013 07:05
Aberdeen Asset Management: Societe Generale downgrades to hold, while its target price of 375p is not altered. Amara Mining: Investec reduces target price from 89p to 83p and reiterates a buy recommendation. Associated British Foods: Jefferies raises target price from 1365p to 1650p keeping a hold
Read moreLondon close: Markets flat after choppy session
22nd Jan 2013 16:32
Stock markets finished more or less flat on Tuesday afternoon after a volatile session, in which investors digested policy announcements in Japan and mixed newsflow in Germany. "A rather choppy morning session in Europe gave way to a rather more sedate afternoon session as US traders returned to th
Read moreFTSE 100 movers: Fresnillo dragged lower by fourth quarter results
22nd Jan 2013 15:12
Precious metals miner Fresnillo was a heavy faller after fourth quarter gold production came in 20.6 per cent lower than 2011. This stood in stark contrast to full year output, which totalled 473,034 ounces, up 5.4 per cent year-on-year and above the 460,000-ounce target. Sector peer Polymetal was a
Read moreLondon midday: Markets volatile ahead of US earnings
22nd Jan 2013 12:01
Markets were volatile in morning trade on Tuesday as traders reacted to mixed newsflow from Germany, though stocks remained in negative territory following an underwhelming policy announcement from Japan. According to market analyst Craig Erlam from Alpari, trading volumes are expected to pick up t
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