Thursday broker round-up UPDATE
27th Jun 2013 07:36
Antofagasta: Investec cuts target price from 892p to 691p downgrading from reduce to sell. Black Mountain Resources: Westhouse Securities shifts target price from 23p to 17p, while its buy recommendation remains unaltered. Bunzl: Numis upgrades to buy with a target price of 1505p. Capita: Jefferi
Read moreLondon midday: Markets cautious as eyes remain fixed on Fed
19th Jun 2013 12:01
A decline in risk appetite meant that UK markets were in the red on Wednesday morning ahead of the all-important policy decision from the Federal Reserve due out later this evening. "Attention is firmly on the Fed's monetary policy decision and press conference later, with investors clearly concern
Read moreLondon open: Stocks fall as investors brace for Fed meeting
19th Jun 2013 08:09
Following strong gains the day before, markets opened lower on Wednesday morning as investors paused for breath in anticipation of the Federal Reserve policy decision due out this evening. "Despite the tranche of economic data due today, investors will probably be focused on Fed Chairman Ben Bernan
Read moreFTSE 100 movers: Mining, property stocks gain as traders 'buy on the dip'
14th Jun 2013 14:25
A calmer session on financial markets prompted decent gains in the mining and property sectors on Friday, as bargain-hunters moved in to 'buy on the dip' after the recent volatility hit both sectors hard. Anglo American, Glencore, Antofagasta, Vedanta and Randgold led the resources sector higher to
Read moreLondon midday: Stocks slip after EU jobs data
14th Jun 2013 11:47
The upbeat tone seen from markets in early trading on Friday morning didn't last for long, with the FTSE 100 slipping into the red by midday after some gloomy data from Europe. Strong gains on Wall Street last night prompted a decent start in London this morning on expectations that the Federal Res
Read moreLondon open: FTSE 100 tracks US and Asian markets higher early on
14th Jun 2013 08:46
Stocks were registering moderate gains on Friday morning as fears over the Federal Reserve's eventual 'exit strategy' from stimulus were eased overnight. Wall Street benchmarks rose strongly on Thursday on expectations that Fed Chairman Ben Bernanke will attempt to calm markets by pushing back pred
Read moreWednesday newspaper round-up: Lloyds, Afren, BoE...
12th Jun 2013 06:30
After The Times' undercover investigation found that Lloyds was mis-handling complaints about PPI mis-selling, the Financial Conduct Authority has asked the paper to hand over information for a report that is to be published this summer. The Guardian says that 80% of shareholders at oil group Afren
Read moreTuesday broker round-up UPDATE
4th Jun 2013 07:25
Afren: Goldman Sachs shifts target price from 224p to 221p keeping a buy recommendation. Alent: Goldman Sachs initiates with a target price from 426p and a buy recommendation. Amerisur Resources: Goldman Sachs moves target price from 65p to 82p and stays with its neutral rating. Bahamas Petroleum
Read moreCapco and Land Sec close 117m-pound property deal
30th May 2013 08:05
Capital & Counties Properties has acquired full control of the Empress State Building in West London, which could be in line for conversion from commercial to residential status. Capco paid £117m to Land Securities Group to purchase the remaining 50% of the building it didn't already own. Capco w
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 broker round-up UPDATE
16th May 2013 07:43
Barratt Developments: Deutsche Bank lowers target price from 336p to 327p, while leaving its buy recommendation unaltered. BG Group: Credit Suisse raises target price from 1150p to 1190p keeping a neutral rating. BT Group: Berenberg takes target price from 280p to 375p and retains a buy recommenda
Read moreSector movers: Property stocks gain as Land Secs jumps to four-year high
15th May 2013 14:51
Land Securities was trading at levels not seen in over four years after its full-year results on Wednesday, providing a big boost to the real estate sector. The commercial property group, which has a portfolio of shopping centres, retail parks and office accommodation, this morning revealed a 4.6%
Read moreFTSE 100 movers: easyJet rises after narrowing losses
15th May 2013 14:49
easyJet narrowed its half-year losses as the low-cost airline took initiatives to boost revenues and cut costs. Loss before tax for the six months to March 31st 2013 came to £61m, a 45.5% drop from the prior year's loss of £112m. The LSE also made strong gains after posting a seven per cent rise
Read moreLondon open: Eurozone GDP figures worry markets early on
15th May 2013 08:39
Worse-than-expected growth figures from Eurozone powerhouses Germany and France dampened market sentiment in London on Wednesday morning, as stocks pulled back after hitting fresh multiyear highs the day before. The FTSE 100 finished Tuesday's session at 6,686 after nine straight days in positive t
Read moreLand Securities achieves rise in annual NAV
15th May 2013 08:12
Land Securities Group's annual net asset value (NAV) rose 4.1 per cent to 959p compared to a year earlier as the property investment company signed new development lettings. Analysts at Investec had predicted NAV per share of 885p. Profit before tax for the year to end of March increased 3.4% to £
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