Thursday 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 £
Read moreWednesday preview: Land Securities releases full-year results
14th May 2013 14:31
Land Securities Group is expected to report an increase in net asset value (NAV) when the property investment company unveils its annual results Wednesday. Analysts at Investec forecasts NAV per share of 885p for the full-year to March 31st 2013, up from 856p the previous year. "This reflects our
Read moreWednesday broker round-up UPDATE
8th May 2013 09:08
Altitude Group: WH Ireland initiates with a target price of 50p and a buy recommendation. Betfair Group: Deutsche Bank increases target price from 725p to 884p, while staying with its hold recommendation. Nomura raises target price from 766p to 883p and reiterates a neutral rating. Exane BNP ups ta
Read moreLondon midday: FTSE 100 pulls back from five-year highs
13th Mar 2013 11:33
Stocks pulled back from five-year highs on Wednesday morning as traders took profits after industrial production data from the Eurozone disappointed. So far this year, the FTSE 100 index has gained nearly 10% and was yesterday trading near levels not seen since late 2007. Weighing on markets this
Read moreWednesday broker round-up UPDATE
6th Mar 2013 07:03
Advanced Medical Solutions: Investec takes target price from 68p to 74p and maintains a buy recommendation. Aggreko: Citigroup reduces target price from 2550p to 2100p, while keeping a buy rating. Ashtead Group: Citigroup raises target price from 590p to 660p leaving its buy recommendation unalter
Read moreFriday broker round-up UPDATE
8th Feb 2013 07:19
Aggreko: HSBC upgrades to neutral with a target price of 1650p. Anglo American: HSBC ups target price from 1950p to 2240p and upgrades to overweight. Antofagasta: HSBC reduces target price from 1200p to 1160p, while upgrading to neutral. ARM Holdings: Credit Suisse increases target price from 780
Read moreWednesday broker round-up - UPDATE
30th Jan 2013 07:03
Alternative Networks: Investec increases target price from 310p to 330p retaining a buy rating. Anglo American: Deutsche Bank takes price target from 2200p to 2260p, while its buy recommendation remains unchanged. Antofagasta: Bank of America reduces target price from 1500p to 1400p and downgrades
Read moreThursday tips round-up: Land Securities, Randgold Resources, WH Smith
24th Jan 2013 06:55
Yesterday's trading statement from Land Securities, although light on financials, showed that lettings of its development portfolio were moving in the right direction. The shares, after a mild underperformance so far this year, trade on about a six per cent discount to the latest net asset figure. G
Read moreLondon close: Stocks lifted by upbeat US earnings
23rd Jan 2013 17:05
London's FTSE 100 finished with moderate gains on Wednesday afternoon ahead of a key vote over the potential extension of the debt ceiling Stateside, as some decent results from US bellwethers Google, McDonald's and IBM lifted sentiment across stock markets worldwide. The US House of Representative
Read moreLondon midday: Stocks hold on to gains, but markets cautious
23rd Jan 2013 11:38
The mood on the stock markets was cautious on Wednesday morning as traders digested a barrage of economic announcements, corporate earnings and a key speech by David Cameron. The FTSE 100 managed to stay in positive territory after a strong start, albeit only just. UK Prime Minister David Cameron's
Read moreLondon open: Stocks rise ahead of US debt-ceiling vote
23rd Jan 2013 08:28
Well-received earnings from some Wall-Street heavyweights were boosting market sentiment on Wednesday morning, with London's FTSE 100 making moderate gains early on. Both Google and IBM impressed the US market late last night with better-than-expected fourth-quarter results. Markets will likely be
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