Tuesday broker round-up UPDATE
24th Sep 2013 08:31
African Barrick Gold: Liberum Capital upgrades to hold with a target price of 147p. Amec: UBS reduces target price from 1200p to 1145p downgrading from buy to neutral. Compass Group: Investec ups target price from 900p to 925p and keeps a buy recommendation. CVS Group: Investec takes target price
Read moreLondon close: Stocks higher after late rally ahead of risk events
4th Sep 2013 16:37
The FTSE 100 managed to rally in afternoon trade on Wednesday to finish in positive territory after a strong start on Wall Street, though gains were only modest ahead of several key 'risk events' which have the potential to spark market volatility. It is set to be a busy end to the week with centra
Read moreFTSE 250 movers: Kenmare Resources, St. Modwen Properties
4th Sep 2013 14:26
Kenmare Resources gained after Goldman Sachs lifted its rating to 'conviction buy' from 'buy'. St. Modwen Properties rallied after JP Morgan reiterated an 'overweight' rating for the company's stocks. Thomas Cook Group fell along with airline and travel stocks after Ryanair issued a profits warnin
Read moreLondon midday: Markets cautious ahead of risk events, Syria action
4th Sep 2013 11:26
Traders adopted a cautious approach on Wednesday morning with UK stocks registering losses in morning trade ahead of a number of 'risk events' later in the week which have the potential to spark market volatility. Fears about impending US military action in Syria also hit investor sentiment today a
Read moreWednesday broker round-up UPDATE
4th Sep 2013 08:50
Abbey Protection: Numis lowers target price from 120p to 110p keeping a hold recommendation. Antofagasta: Investec takes target price from 707p to 725p, but still recommends selling. Ashtead Group: Numis ups target price from 640p to 670p and retains a hold recommendation. Panmure Gordon increases
Read moreFTSE 250 movers: African Barrick Gold and Alent top risers
28th Aug 2013 13:31
African Barrick Gold rallied after Nomura reiterated a 'buy' rating for the stocks and raised its target price from 155p to 250p, saying the miner's move to cut costs was ahead of the industry. Alent, supplier of advanced surface treatment plating chemicals and electronics assembly materials, rebou
Read moreLondon midday: Stocks fall as oil rises on Syria turmoil
28th Aug 2013 11:27
Stock markets were once again hit by concerns over rising tensions between Syria and the West on Wednesday morning, as surging oil prices look to pose a threat to global economic growth. West Texas crude futures were trading at a two-year high of $112.24 a barrel this morning while Brent crude jump
Read moreKenmare Resources reports slump in half-way figures
28th Aug 2013 07:31
Kenmare Resources said it was tightening the rein on costs after reporting a net loss and a drop in revenues in the first half. The company recorded a net loss of $10.2m, compared to a net profit of $38.8m the prior year, as revenues fell to $79.3m from $109.1m. Operating profit declined to $6.9m
Read moreLondon close: Markets finish lower despite late rally
20th Aug 2013 16:39
Markets slumped to a six-week low on Tuesday as investors trimmed positions and scaled back risk appetite ahead of minutes of the latest US policy meeting due out tomorrow. The FTSE 100 dropped to an intraday low of around 6,400 early on after a series of disappointing corporate earnings, but ralli
Read moreFTSE 250 movers: Fund manager Jupiter rockets after strong first half
1st Aug 2013 14:24
Shares in Jupiter Fund Management leapt on Thursday on the back of a strong set of half-year numbers which showed a strong investment performance and a nearly doubling of profits year-on-year. The results prompted the company to raise its interim dividend by two fifths. Sector peer Rathbone Brother
Read moreLondon close: Markets finish lower, earnings in focus this week
22nd Jul 2013 16:38
The FTSE 100 finished slightly lower on Monday as upcoming corporate earnings came into focus on a quiet day for economic data worldwide. Michael Hewson, Senior Market Analyst at CMC Markets, said: "With markets trading at multi-week highs investors appear to be adopting a 'wait and see' approach a
Read moreBroker snap: Canaccord highlights attractive entry points into mining
22nd Jul 2013 09:32
Canaccord Genuity has kept its 'buy' rating for Rio Tinto and turned more positive on Antofagasta, highlighting the two mining majors as 'quality names at discount prices'. "Recent underperformance has opened up attractive entry points for mining names with good quality assets that should generate
Read moreWednesday broker round-up UPDATE
26th Jun 2013 07:30
ACM Shipping Group: Espirito Santo increases target price from 150p to 185p keeping a buy recommendation. Afren: Canaccord Genuity moves target price from 210p to 220p and keeps a buy recommendation. Aggreko: Deutsche Bank cuts target price from 2250p to 2100p, while its buy recommendation remains
Read moreThursday broker round-up UPDATE
30th May 2013 08:19
AMEC: Morgan Stanley reduces target price from 1220p to 1100p and retains an underweight rating. Amlin: JP Morgan takes target price from 360p to 400p maintaining an underweight rating. Brewin Dolphin: Canaccord Genuity raises target price from 230p to 285p and reiterates a buy recommendation. C
Read moreFTSE 250 movers: Spectris rises on upgrade
23rd Apr 2013 15:55
Spectris rose following an upgrade by Citigroup, which raised its rating to 'buy' with a 2,413p price target. The stock fell significantly on Friday. Engineering data and IT group AVEVA was a high riser after saying that it expects to hit revenue and profit forecasts for the full year following go
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