Broker snap: 'Buy' Legal & General, recommends Nomura
6th Mar 2013 12:16
Financial services giant Legal & General may be trading a premium to its peers, but Nomura has retained its 'buy' recommendation for the stock following a 'decent' set of results for 2012. The insurance, pensions and investments firm reported full-year results on Wednesday that were broadly in line
Read moreLondon midday: Stocks hold on to recent gains
6th Mar 2013 11:56
Well-received results from a number of heavyweight stocks and M&A speculation surrounding Vodafone pushed the FTSE 100 firmly into positive territory on Wednesday morning, pushing the index to fresh multi-year highs. The Footsie finished yesterday's session at 6,432, a level not seen since late 200
Read moreLondon open: Footsie extends gains as Vodafone jumps
6th Mar 2013 08:58
Strong performances from Vodafone, Admiral and Melrose helped extend gains on the FTSE 100 on Wednesday morning, pushing London's benchmark index to fresh five-year highs. The Footsie finished yesterday's session at 6,432, a level not seen since late 2007, before the financial crisis ripped through
Read moreLondon pre-open: FTSE to extend Tuesday's gains
6th Mar 2013 07:29
City sources predict the FTSE 100 will open up three points from yesterday's close of 6,432, extending Tuesday's gains into near record territory, buoyed by an all time high recorded on the Dow Jones Industrials index in the US last night. UK stocks have been propelled upwards by a combination of c
Read moreLegal & General hikes divi as sales hit record - UPDATE
6th Mar 2013 07:03
Legal & General (L&G), the FTSE 100-listed financial services group, hiked its dividend by a fifth after a strong rise in profits and record sales in 2012. The company proposed on Wednesday to pay shareholders a final dividend per share (DPS) of 5.69p, up 20% from the 4.74p paid out in 2011. This b
Read moreMonday broker round-up UPDATE
4th Mar 2013 07:12
Aggreko: JP Morgan takes target price from 1845p to 1870p, while reiterating a neutral rating. Anglo American: Nomura reduces target price from 1800p to 1700p and downgrades from neutral to reduce. ARM Holdings: Deutsche Bank increases target price from 400p to 445p, but still recommends selling.
Read moreLegal & General agrees huge insurance deal with BAE Systems
21st Feb 2013 07:33
FTSE 250-listed financial services company Legal & General has put in place a longevity insurance arrangement for defence and aerospace company BAE Systems' 2000 Pension Plan. The deal is the largest such arrangement ever completed in the UK. The arrangement insures the plan against the financial
Read moreMonday broker round-up UPDATE
4th Feb 2013 07:17
Antofagasta: Nomura lowers target price from 1400p to 1250p and keeps a neutral rating. Aviva Group: Barclays cuts target price from 317p to 302p leaving its underweight rating unaltered. Beazley: Berenberg starts with a target price of 217p and a buy recommendation. Big Yellow Group: UBS reduces
Read moreFriday broker round-up UPDATE
11th Jan 2013 07:01
Aberdeen Asset Management: Credit Suisse raises target price from 380p to 410p reiterating an outperform rating. Afren: Deutsche Bank cuts target price from 175p to 165p stayling with its buy rating. Ashmore Group: Credit Suisse moves target price from 380p to 375p and downgrades to underperform.
Read moreLondon midday: Corporate activity picks up, but technical resistance looms
8th Jan 2013 11:51
UK stocks are now registering slight gains - and recovering most of yesterday's scant losses - as investors opt to overlook the release of some weaker than expected economic indicators from the Eurozone. That ahead of the beginning of the formal earnings season, Stateside, later today, when alumin
Read moreLondon open: Markets flat ahead of Eurozone data
8th Jan 2013 08:24
UK stocks opened flat on Tuesday morning ahead of some key economic indicators from the Eurozone. On today's agenda, there will be unemployment figures in Italy, German factory orders as well as consumer confidence, jobless and retail sales data for the Eurozone as a whole. Market analyst Craig E
Read moreTuesday broker round-up UPDATE
8th Jan 2013 07:19
Anglo American: Deutsche Bank reduces target price from 2270p to 2230p and maintains its buy recommendation. Aquarius Platinum: Deutsche Bank ups target price from 73p to 76p, while the buy rating remains unchanged. ARM Holdings: Credit Suisse raises target price from 645p to 780p and reiterates a
Read moreLondon close: Markets shrug off decent showing by banks
7th Jan 2013 16:35
- Traders take profits after recent surge - European banks on Basel III developments - Investors looking ahead to central bank decisions After registering impressive gains last week, stocks across Europe pulled back on Monday with investor taking profits as fourth-quarter earnings season gets into
Read moreLondon midday: Traders take profits after recent surge
7th Jan 2013 11:41
Strong gains in the banking sector weren't enough to lift the FTSE 100 into positive territory on Monday morning, as London's benchmark index pulled back from its near two-year high on Friday. "Stock markets in Europe have surrendered early morning slim gains as the temptation to book profits on ma
Read moreBroker snap: Investec reviews insurance sector after Retail Distribution Review
7th Jan 2013 10:56
Investec has labelled St James's Place and Standard Life as its top 'buys' as part of its review the insurance sector. Meanwhile, it has upgraded its rating for Legal & General (L&G) from 'sell' to 'hold' and downgraded RSA from 'hold' to 'sell'. "The outlook in the UK is clouded by the introduct
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