Friday broker round-up UPDATE
11th Apr 2014 08:49
African Barrick Gold: Numis raises target price from 170p to 260p and upgrades from sell to hold. Antofagasta: Numis downgrades from hold to reduce with a target price of 700p. Ashmore Group: Jefferies ups target price from 375p to 400p and keeps a buy recommendation. JP Morgan lowers target price
Read moreXaar Finance Director builds stake after cautioning on growth
28th Mar 2014 15:48
The Finance Director of Xaar Group this week acquired an additional 4,610 shares, boosting his stake by around a tenth. Alex Bevis, who joined the company three years ago, spent 850.61p on each of the shares, spending a total of £39,213. His purchase comes just a week after the group cautioned t
Read moreLondon midday: Insurance stocks push markets higher, but banks fall
26th Mar 2014 11:42
- FTSE 100 at highest since March 11th - Insurers provide a lift, Standard Life and Phoenix in focus - Lloyds drops after government sale, RBS downgraded - ECB, PBoC stimulus hopes and US data drive gains techMARK 2,787.86 +0.51% FTSE 100 6,630.79 +0.39% FTSE 250 16,273.83 +0.75% UK stocks were at
Read moreWednesday broker round-up UPDATE
26th Mar 2014 08:51
Aberdeen Asset Management: Citi reduces target price from 455p to 390p and stays with its neutral rating. Acta: Cantor Fitzgerald places both its target price (prev.: 16p) and its buy recommendation under review. Alliance Pharma: Numis shifts target price from 38p to 39p upgrading to add. APR Ene
Read moreLondon open: Stocks at two-week high, Standard Life jumps
26th Mar 2014 08:19
- FTSE 100 set for best close since March 12th - Markets track gains on US, Asian indices - Standard Life, Phoenix agree on Ignis deal - Lloyds drops after government sale techMARK 2,793.31 +0.70% FTSE 100 6,620.06 +0.23% FTSE 250 16,264.06 +0.69% UK stocks edged higher on Wednesday morning with m
Read moreFriday broker round-up UPDATE
21st Mar 2014 09:36
Anglo American: Nomura reduces target price from 1550p to 1475p and retains a neutral rating. Antofagasta: Nomura cuts target price from 800p to 720p and stays with its reduce rating. Canaccord Genuity reduces target price from 1030p to 880p, while its buy recommendation is kept. ASOS: UBS reduces
Read moreFTSE 250 movers: Ophir rises after positive Deutsche Bank rating
20th Mar 2014 14:45
Ophir Energy was a strong riser after Deutsche Bank reiterated its 'buy' rating on the stock despite it posting wider annual losses. The group fell sharply in yesterday's session after it said it had failed to encounter significant hydrocarbons at the Padouck Deep-1 well in the Ntsina block offshore
Read moreBroker tips: RBS, GlaxoSmithKline, Bookmakers
20th Mar 2014 12:17
Investec has raised its rating for UK banking group Royal Bank of Scotland from 'sell' to 'hold' following the recent slump in its share price, but continues to recommend investors to avoid the stock. With the stock now trading at just 0.8 times tangible net asset value (tNAV), compared with a then
Read moreLondon midday: UK stocks at six-week low after hawkish comments from Yellen
20th Mar 2014 12:01
- Yellen comments rattle markets on tightening fears - FOMC tapers asset purchases by another 10bn dollars/month - Next impresses with full-year results - Changes in Budget continuing to affect stocks techMARK 2,788.04 -1.09% FTSE 100 6,500.19 -1.11% FTSE 250 16,174.99 -1.00% UK stocks dropped sha
Read moreCredit Suisse lowers forecasts for bookmakers on gaming duty changes
20th Mar 2014 10:42
The share prices of UK bookmakers have taken a hit in the aftermath of George Osborne's 2014 budget, in which he unveiled an increase in gaming machine taxation and an extension of the horse racing betting levy to include offshore operators. Credit Suisse has responded to the news by cutting its fo
Read moreThursday broker round-up UPDATE
20th Mar 2014 09:19
Antofagasta: Deutsche Bank cuts target price from 770p to 735p and downgrades to sell. Investec cuts target price from 753p to 726p keeping its sell recommendation. Ashmore Group: HSBC Holdings lowers target price from 410p to 400p retaining its overweight rating. Avacta Group: Numis shifts target
Read moreLondon open: Stocks drop after hawkish comments from Yellen
20th Mar 2014 08:21
- Yellen says rate hike could come six months after QE ends - Fed continues to taper by 10bn dollars a month - Next impresses with full-year results techMARK 2,804.74 -0.50% FTSE 100 6,546.18 -0.41% FTSE 250 16,267.89 -0.43% UK stocks fell on Thursday morning, following a sell-off on US and Asian
Read moreFTSE 250 movers: Ophir falls on well failure, bookmakers hit by Budget
19th Mar 2014 14:30
Ophir Energy said it has failed to encounter significant hydrocarbons at the Padouck Deep-1 well in the Ntsina block offshore Gabon. The well was drilled to 3,297 metres total vertical depth subsea (TVDSS) targeting the Cretaceous Gamba and Coniquet/Dentale sands in the pre-salt section. British bo
Read moreBudget 2014: Picture mixed for leisure sector - UPDATE
19th Mar 2014 13:27
Shares in British bookmakers Ladbrokes and William Hill tumbled after the government's new Budget included an increase to 25 per cent in duty on fixed-odds betting terminals (FOBTs). Chancellor George Osborne said that he would lift the rate on Machine Games Duty on betting content from 20% to 25%,
Read moreMonday newspaper round-up: Russia, Rolls Royce, Ladbrokes
3rd Mar 2014 07:30
Europe's two biggest states were on the brink of armed conflict last night after Russia tightened its grip by surrounding Ukrainian military bases and President Putin defended the invasion as "an appropriate response". Ukraine warned that it was "on the brink of disaster" as it put its military on h
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