Tuesday broker round-up UPDATE
22nd Jan 2013 07:06
Afren: Liberum Capital shifts target price from 120p to 123p staying with its hold recommendation. ASOS: Exane BNP increases target price from 3000p to 3100p and retains an outperform rating. BP: RBC downgrades to sector perform from outperform. Brammer: Peel Hunt moves target price from 300p to
Read moreLondon close: Stocks hold on to gains despite poor start on Wall Street
18th Jan 2013 16:49
- Chinese Q4 growth beats forecasts - Results from US bellwethers come in mixed - EVRAZ leads Footsie higher on steel hopes UK stock markets managed to hold on to gains on Friday as better-than-expected data from China lifted sentiment, though the Footsie did finish below its intraday high after so
Read moreFTSE 100 movers: EVRAZ makes strong gains
18th Jan 2013 15:52
EVRAZ was making gains even though it said that steel production fell six per cent from the third quarter to the fourth, as a result of scheduled maintenance at its ZSMK steel mill in the Siberia region. The stock was being given a lift this morning by comments from Credit Suisse about the steel s
Read moreCable & Wireless CEO boosts stake by three million shares
18th Jan 2013 13:30
Tony Rice, the chief executive officer (CEO) of Cable & Wireless Communications (CWC), the FTSE 250 telecoms giant, has enlarged his stake in the company with the purchase of three million shares. Rice, who took on his current role three years ago, now holds 24.76m shares in the group. The stock
Read moreKingfisher COO to step down from board at the end of January
18th Jan 2013 11:52
Home improvement retail company Kingfisher said Friday that its Chief Operating Officer, Euan Sutherland, who will be resigning from the company in March 2013, will step down from the board at the end of January, and remain an employee of Kingfisher until the end of March to allow for an extensive h
Read moreFriday broker round-up UPDATE
18th Jan 2013 07:53
Aberdeen Asset Management: UBS ups target price from 370p to 440p maintaining a buy rating. JP Morgan shifts target price from 479p to 498p and keeps an overweight rating. Numis raises target price from 400p to 430p, while its add rating remains unchanged. Afren: Nomura cuts target price from 185p
Read moreChairman and CEO of Mediterranean Oil & Gas stock up
9th Jan 2013 16:15
Both the Chairman and Chief Executive of Mediterranean Oil & Gas (MOG) increased their holdings in the company on Tuesday, one day after it said it was 'pleased' with its production activities in Italy last year, setting the stage for a strong 2013. CEO William Higgs purchased 200,000 shares at 10
Read moreLondon midday: The 'Santa Rally' begins...
19th Dec 2012 11:35
An upgrade of Greece's credit rating and a better-than-expected reading of German sentiment saw European stock markets make impressive gains on Wednesday. Meanwhile, increasing optimism that US leaders can strike a deal to avert the 'fiscal cliff' was also continuing to bolster the bullish mood.
Read moreLondon open: Stocks rise on hopes over Greece
19th Dec 2012 08:16
UK stocks were making gains in early trading on Wednesday with sentiment being lifted by improving developments in Greece. Yesterday evening, S&P upgraded its rating for Greece from 'selective default' to 'B-minus'. The yield on a 10-year Greek bond was down 13 basis points at 12.7% this morning.
Read moreLondon pre-open: Stocks seen higher after S&P upgrades Greece
19th Dec 2012 07:29
Stocks are expected to open firmly higher on Wednesday morning after Standard & Poor's raised its credit rating for Greece by six notches. City sources predict the FTSE 100 will open up 18 points from yesterday's close of 5,936. Yesterday evening, S&P upgraded its rating for Greece from 'selectiv
Read moreKingfisher COO departs for The Co-Op
19th Dec 2012 07:08
Home improvement retail group Kingfisher has announced that its Chief Operating Officer (COO) Euan Sutherland is to leave the company next year to become head of The Co-operative Group after just a couple of months on the board. Sutherland, who has been working as a non-executive director of The Co
Read moreFriday broker round-up UPDATE
7th Dec 2012 07:04
Bellway: Northland Capital raises target price from 1050p to 1150p and keeps a buy rating. Panmure Gordon raises target price from 957p to 1013p, while maintaining a hold recommendation. Berkeley Group: Panmure Gordon raises target price from 1390p to 1650p keeping a hold rating. Booker Group: Gol
Read moreBellzone Mining founder sells shares to other stake holder
4th Dec 2012 16:13
The founder of Bellzone Mining, which develops two Iron ore and nickel/copper assets in Guinea, West Africa, has sold 50m shares in the company. Nikolajs Zuks, who has been the company's Managing Director since August 2009, disposed of the shares at 17p each for a total of £8.5m. As a result, Zuk
Read moreLondon close: Stocks end the week in a cautious mood
30th Nov 2012 16:35
- Market pares gains by the close - Bundestag approves Greek aid - Eurozone jobless rate and US consumer spending disappoint UK stocks finished broadly flat on Friday, paring gains by the close of trade as markets headed into the weekend in a cautious mood on the back of uncertainty surrounding the
Read moreFTSE 100 movers: Broker upgrades lift Johnson Matthey and Croda
30th Nov 2012 13:25
Blue-chip constituents Johnson Matthey, Croda, Pennon and Intertek were performing well on Friday afternoon following a number of upbeat broker comments. Chemical peers Johnson Matthey and Croda International were lifted higher after Credit Suisse upgraded the companies from 'neutral' to 'outperfor
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