Broker snap: Investec halves target price for Lamprell
11th Jun 2012 10:33
Investec has halved its target price for energy markets-focused engineer Lamprell from 200p to 100p following last week's profit warning. After the market closed on Thursday, Lamprell revealed that it now expects to make a half-year loss of $15-20m, compared with earlier guidance of "a small loss".
Read moreMonday broker round-up
11th Jun 2012 09:37
Antofagasta: RBS Capital Markets downgrades to underperform. Ashtead: Jefferies keeps buy recommendation and 300p target. Barclays: Bank of America Merrill Lynch keeps buy rating and 370p target; Oriel Securities reiterates buy recommendation and 285p target. BP: Nomura retains neutral stance and
Read moreLondon close: Spain in focus after bailout rumours
8th Jun 2012 16:37
- Spanish bailout could be on the cards - Fitch downgrades Spain to BBB - Investors look ahead of Chinese data this weekend Rumours about an imminent recapitalisation of Spain's banking sector and concerns over global growth were doing the rounds on Friday, yet the Footsie still managed to pare los
Read moreFTSE 250 movers: Lamprell tanks on profit warning
8th Jun 2012 15:06
Energy markets-focused engineer Lamprell was battered after sneaking out a profit warning on Thursday after the London market closed, saying that it now expects to make a half-year loss of between $15m and $20m, compared with earlier guidance of "a small loss". The group also said that Chairman Jona
Read moreBroker tips: National Grid, IAG, Lamprell
8th Jun 2012 12:52
Credit Suisse has raised its target price for utilities giant National Grid (NG) and reiterated its outperform rating, saying that Ofgem's new RIIO regulation presents a 2.5bn-pound opportunity for the group. "NG has started to perform well again, as negative perceptions on the balance sheet and di
Read moreLondon midday: Stocks weighed down by Spain, Bernanke
8th Jun 2012 11:40
- Spain downgraded by Fitch - Bernanke comments weigh on markets - Investors nervous ahead of Chinese data this weekend - Spain denies rumours of imminent bank bail-out petition Blue chips were off their intraday lows but still firmly in the red by Friday lunchtime as concerns over Spain continued
Read moreBroker snap: Lamprell's credibility has deteriorated, says Nomura
8th Jun 2012 09:34
Following the profit warning and Chairman departure at Lamprell, Nomura has reiterated its reduce recommendation and 125p target price for the energy markets-focused engineer. After the market closed on Thursday, Lamprell revealed that it now expects to make a half-year loss of $15-20m, compared wi
Read moreChairman to step down as Lamprell warns on profits
8th Jun 2012 08:36
Energy markets-focused engineer Lamprell was battered on Friday morning after sneaking out a profit warning on Thursday after the London market closed. The group has revised its sums and updated its earnings guidance, and the news is not good. The group now anticipates it will make a half-year loss
Read moreLondon open: Spanish downgrade dents stocks early on
8th Jun 2012 08:27
- Fitch downgrades Spain to BBB - Bernanke warns of risks to US economy - Lamprell tanks after profit warning London's FTSE 100 index dropped into the red in early trading on Friday after Spain's credit rating was downgraded last night, exacerbating concerns about the country's troubled banking sec
Read moreFriday broker round-up
8th Jun 2012 08:11
AVEVA: Merchant Securities maintains buy rating and 1,850p target. Berendsen: HSBC upgrades to overweight, target cut from 575p to 550p. BP: Credit Suisse maintains outperform recommendation and 540p target. BT Group: Nomura cuts target from 295p to 285p, buy rating unchanged. International Cons
Read moreDebenhams boss rings up 100,000 shares
23rd May 2012 16:19
Michael Sharp, the man who took over retail chain Debenhams last year, has underlined his faith in the company with the purchase of shares 100,000 shares. The £74,000 purchase saw the Chief Executive Officer invest his money at 74.32p a go, increasing his interest in the company to over 5.95m share
Read moreFTSE 250 movers: Heritage Oil leads resource stocks higher
21st May 2012 17:25
Resources stocks were leading the risers on the second-tier index as copper and oil prices edge higher. Heritage Oil, Petropavlovsk, Ferrexpo, Cairn Energy, Afren and Salamander Energy were all making decent gains in afternoon trade. Heading the other way though was oil, gas and energy engineer Lam
Read moreLondon close: Stocks rebound, EU summit eyed
21st May 2012 17:14
- G8 underwhelms; markets look to EU summit - Hollande expected to push eurobond idea to Merkel - Risk-on as financials, miners advance; defensives sold London's FTSE 100 finished firmly higher on Monday following a poor performance last week which saw the blue chip index slump to its worst levels
Read moreLondon midday: Stocks rise but Eurozone still in focus
21st May 2012 11:31
- G8 underwhelms as euro crisis continues to hamper sentiment - Cameron warns Eurozone to anticipate Greek exit - Barclays to offload BlackRock stake The FTSE 100 had held on to early gains by Monday lunchtime, as the blue-chips index rebounds from hitting a six-month low on Friday. US stock future
Read moreBroker tips: Lamprell, BTG, Hills and Smith
21st May 2012 10:30
Nomura has downgraded its recommendation for oil, gas and energy engineer Lamprell from buy to reduce following last week's profit warning. "We believe Lamprell's execution and operational strategy is fundamentally at risk and we were wrong to previously assume the company had turned a new leaf. In
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