Tuesday broker round-up - UPDATE
30th Oct 2012 08:23
African Barrick Gold: Nomura cuts target from 605p to 525p, buy rating kept. Aggreko: Seymour Pierce keeps buy rating and 2,500p target. Aquarius Platinum: Seymour Pierce keeps reduce rating and 34p target. ARM Holdings: Jefferies raises target from 485p to 693p, hold rating kept. ASOS: HSBC hik
Read moreLondon open: Stocks fall as Hurricane Sandy hits the US
29th Oct 2012 08:31
- New York trading suspended - UK equity markets cautious - Financials fall early on The UK stock market started in the red on Monday morning as investors showed caution as Hurricane Sandy hits the east coast of America. Dubbed as the '100-year storm', Hurricane Sandy has prompted the cancellatio
Read moreWorkspace Group CEO boosts stake in company
1st Oct 2012 16:16
The Chief Executive Officer of Workspace Group, which specialises in providing office space to start ups, has purchased 112,525 shares, significantly boosting his stake in the FTSE 250 firm. Jamie Hopkins, who took on the role of CEO in April of this year, bought the shares at 266p each for a tota
Read moreLondon close: Stocks extend gains as QE3 hopes increase
7th Sep 2012 16:48
- Markets buoyed by ECB's plans - QE3 hopes increase as jobs data disappoints - Xstrata and the miners jump, though Glencore bucks the trend In spite of some massive gains the day before, the FTSE 100 and most other stock markets in Europe finished moderately higher on Friday on hopes that central
Read moreBroker tips: Life insurers, ASOS, May Gurney
7th Sep 2012 12:23
Credit Suisse has downgraded its rating for Legal & General as part of its review of the UK life insurance sector. Among the growth-oriented insurers with higher price-to-earnings multiples, the broker said it prefers Prudential ('outperform') and St James's Place ('neutral') over Standard Life ('u
Read moreLondon midday: Stocks add to gains on Eurozone hopes
7th Sep 2012 11:38
- FTSE 100 extends rally after ECB news - Eyes on US data later today - Glencore adjourns shareholder meeting, amends merger terms The Footsie was well off its intraday high of 5,807 by Friday lunchtime, but still trading slightly higher following the massive gains made yesterday as the European Ce
Read moreBroker snap: Credit Suisse downgrades Legal and General
7th Sep 2012 10:21
Credit Suisse has downgraded its rating for Legal & General as part of its review of the UK life insurance sector. For the sector as a whole, first-half results met or beat consensus forecasts across most key metrics, the broker said on Friday morning. Credit Suisse said: "Top-line growth softene
Read moreFriday broker round-up
7th Sep 2012 09:03
ASOS: Jefferies keeps buy rating and 2,199p target. AstraZeneca: Morgan Stanley upgrades to equal weight. Aviva: AlphaValue downgrades to add, target lifted from 385p to 389p. Barclays: Deutsche Bank upgrades to buy. Dixons: Nomura keeps neutral rating and 20p target. Legal & General: Credit Su
Read moreLondon open: Stocks flat, Glencore adjourns shareholder meeting
7th Sep 2012 08:36
- Stocks extend gains after ECB bond-buying plan - ECB buys Europe some time, says analyst - Glencore lower ahead of shareholder vote UK stocks were flat on Friday morning in spite of an impressive performance in the mining sector, as markets were relatively subdued following some massive gains the
Read moreFTSE 100 movers: Ex-divi stocks weigh on index
29th Aug 2012 14:48
Ex-dividend stocks were providing a drag today, including heavyweights Croda International, Glencore, Legal and General and Xstrata. Glencore and Xstrata were also being pressured lower by reports that Xstrata shareholder Norges Bank Investment Management has raised its stake in the miner in the l
Read moreLondon midday: Markets look to Jackson Hole for boost
29th Aug 2012 11:37
- Greece agrees on budget plan - Spain a concern as Catalonia in need of aid - Markets look ahead to Jackson Hole meeting The Footsie remained firmly in the red in morning trade as concerns over the Eurozone and speculation about the upcoming Jackson Hole meeting in Wyoming continue to be the focus
Read moreLondon open: Glencore leads fallers early on
29th Aug 2012 08:25
- Spain a concern as Catalonia needs aid - Markets await Bernanke - Ex-div Glencore a heavy faller early on Ex-div stocks and miners were weighing heavily on the FTSE 100 index in early trading on Wednesday morning with worries about Spain weighing on sentiment. It was revealed yesterday that the
Read moreWednesday tips round-up: Standard Life, SDL, Groupon
15th Aug 2012 06:52
The UK's ageing population (the over 65s will grow from 16 per cent of the population a decade ago to 20 per cent in 2022, according to National Statistics) should be a boon to companies that can profit from retirement funding. Step forward the life assurers, with Standard Life and Legal and General
Read moreSector movers: Standard Life boosts insurance sector
14th Aug 2012 16:38
Life assurance giant Standard Life jumped on Tuesday, giving a big lift to the life insurance sector, which was at the top of the pile in afternoon trade. Standard Life saw profits rise in the first half after a strong performance in the UK, its biggest market. Operating profit before tax was up 15
Read moreWednesday tips round-up: Standard Chartered, Meggitt, Legal and General
8th Aug 2012 07:02
Questor in the Telegraph takes on the issue du jour, Standard Chartered, arguing the bank which faces damaging money laundering accusations in the US will, ultimately weather the storm. Trading at eight times current year earnings, the stock is still more expensive than poor old Barclays (at 5.4 tim
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