Thursday broker round-up UPDATE
12th Sep 2013 09:01
African Minerals: Deutsche Bank cuts target price from 550p to 450p and retains a buy recommendation. Citi lowers target price from 380p to 320p keeping a buy recommendation. Aggreko: Deutsche Bank reduces target price from 2100p to 1870p, while staying with its buy recommendation. ARM Holdings: G
Read moreKier profit in line with targets, confident on outlook
12th Sep 2013 07:32
Construction, services and property firm Kier Group reported full year profit in line with company expectations, adding that after nearly five years of recessionary pressure, it is starting to see signs of improvement in all of its main businesses. The company, which specialises in civil engineerin
Read moreKier to go ahead with 70m-pound London fire station contract
7th Aug 2013 08:07
The government-funded project to build nine new fire stations in London is to go ahead after construction, engineering and property firm Kier Group reached financial close, it announced on Wednesday. Kier, in partnership with DIF Infrastructure II, is to design, build and maintain the new community
Read moreFriday newspaper round-up: Invensys, Nationwide, Microsoft
12th Jul 2013 06:59
British manufacturer Invensys is in takeover talks with Schneider Electric over a 3.3bn pound preliminary offer from the French company, The Telegraph reported. Ratings agency Moody's said Nationwide Building Society needs to raise £1.8bn to meet regulatory requirements on its capital strength, acc
Read moreKier Group wins Broadmoor hospital project
11th Jul 2013 08:00
Kier Group has fought off competition to build the new Broadmoor mental health hospital at Crowthorne in Berkshire. It has been announced the preferred bidder by the West London Mental Health Trust. The £115m project will involve building a hospital with 162 mental health beds to replace existing
Read moreWednesday broker round-up UPDATE
10th Jul 2013 08:59
Anglo American: Goldman Sachs reduces target price from 1400p to 1100p and retains a sell recommendation. Antofagasta: Goldman Sachs takes target price from 935p to 810p reiterating its neutral rating. Babcock: JP Morgan increases target price from 1230p to 1380p and retains an overweight rating.
Read moreTuesday tips round-up: Bovis Homes, Kier, Seagate
9th Jul 2013 06:49
Bovis Homes Group's shares are at the highest level since mid-2007 as the company delivered an upbeat trading update on Monday. The group said its sales have been supported by the government's Help to Buy scheme, an improving housing market and the firm's strategy. The Telegraph's Questor column not
Read moreKier trading in line as it completes May Gurney deal
8th Jul 2013 08:29
Kier said its order books were robust and trading was in line with expectations as it announced the completion of its 221m pound takeover of road maintenance provider May Gurney. The deal has enabled the company to double the size of its services business and it now has contracts with 65 councils.
Read moreKier Group's consortium preferred bidder for Mersey Gateway
25th Jun 2013 07:54
Kier Group's consortium has been chosen as a preferred bidder for construction of the UK's Mersey Gateway, a scheme to build a new six-lane toll bridge. The Merseylink consortium, which includes Kier, Samsung C&T and FCCConstrucción, wants to win the contract to construct the bridge over the Mersey
Read moreKier reshuffles board as acquisition approaches
21st Jun 2013 12:43
Kier Group has appointed Steve Bowcott into the newly created role of Chief Operating Officer (COO). With the completion of its takeover of May Gurney Integrated Services inked in for July 8th, Kier has introduced the new role on the board to strengthen the group's operating processes across the e
Read moreSector movers: Metal miners strengthen on lifting of Chinese restriction
13th Jun 2013 15:36
The industrial metals and mining sector was in favour on Thursday, led by a bounce in the price of copper and scrapping of Chinese import restrictions. Evraz led the sector due in part to the complex readjustments made by fund managers as the Russian metals giant received its marching orders from
Read moreMonday broker round-up UPDATE
20th May 2013 08:32
Alent: Credit Suisse initiates with a target price of 430p and an outperform rating. Amlin: Morgan Stanley ups target price from 428p to 469p, while maintaining an overweight rating. Anite: Espirito Santo cuts target price from 180p to 165p retaining a buy recommendation. Ashtead Group: UBS takes
Read moreThursday tips round-up: Kier Group, DS Smith, Standard Life
25th Apr 2013 07:26
The terms of construction services group Kier´s buy-out offer for May Gurney appears to constitute a significant improvement on the Costain bid. It is 25 per cent larger and has a cash element worth 50p a share too. Further, a transaction would reduce the former´s dependency on construction while st
Read moreLondon midday: Stocks flat as ECB rate cut speculation ramps up
24th Apr 2013 11:49
Stocks had trimmed gains and were trading broadly flat by Wednesday lunchtime as markets gave a mixed reaction to weak economic data from Germany with traders guessing at whether the figures will prompt the European Central Bank (ECB) to cut interest rates. However, the cautious mood on market this
Read moreLondon open: Markets extend gains as financial stocks rise
24th Apr 2013 08:20
Strong gains for financial stocks ensured that the FTSE 100 was firmly in positive territory on Wednesday morning, while growing speculation of a rate cut in Europe lifted sentiment. London's benchmark index surged by 2.0% on Tuesday as disappointing purchasing managers' indices from the Eurozone s
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