Friday broker round-up UPDATE
30th Nov 2012 07:24
Aggreko: Berenberg initiates with a target price of 2010p and a hold recommendation. APR Energy: Berenberg starts with a target price of 610p and a sell recommendation. Babcock International Group: Berenberg initiates with a target price of 1180p and a buy recommendation. Barclays: UBS raises tar
Read moreFriday newspaper round-up: Direct Line, British banks, The Independent takeover...
30th Nov 2012 07:00
Direct Line has announced another 236 jobs cuts as the newly-floated insurance giant moves towards slicing costs by 100 million pounds by the end of 2014. The fresh round of streamlining comes on top of previously-announced plans to shed 970 jobs across the group's UK operations, which employed abou
Read moreFTSE 100 movers: Bunzl falls on reduced price target
28th Nov 2012 14:44
Bunzl shares took a hit after Citigroup cut its target price from 1,250p to 1,190p, and kept a neutral rating. AMEC, Johnson Matthey, National Grid and Tate & Lyle were also registering losses today after going ex-dividend. Medical technology group Smith & Nephew fell after announcing that it is
Read moreLondon close: Markets pare gains as investors digest Greek deal
27th Nov 2012 16:39
- Europe grants Greece more aid - OECD cuts growth estimates - Footsie comes off day's highs by the close After a solid start for the Footsie following last night's Greek bailout deal, gains were pared by the close of trade on Tuesday with some saying that the agreement just kicks the can down the
Read moreFTSE 100 movers: Banks give FTSE boost
27th Nov 2012 15:21
Banking peers Royal Bank of Scotland, Lloyds and Barclays were registering decent gains as investors built positions in 'riskier' assets. RBS was benefitting this morning from an rating upgrade by UBS to 'buy'. Meanwhile, Barclays Capital raised its target price for both RBS and Lloyds, helping prov
Read moreLondon midday: Stocks hold on to gains despite gloomy OECD forecast
27th Nov 2012 11:28
- Greek aid deal lifts stocks - OECD cuts growth forecasts - UK Q3 GDP growth confirmed at one per cent Stock markets across Europe were trading firmly in positive territory on Tuesday morning following last night's Greek aid deal; however the bounce was only moderate with analysts saying that the
Read moreLondon open: Footsie gains after Greek deal
27th Nov 2012 08:25
Banks and mining stocks were providing a lift to equity markets on Tuesday morning as risk appetite increased on the back of last night's Greek bailout deal. After countless delays, Eurozone finance ministers finally inked out an agreement on Greece, giving the green light to the disbursement of th
Read moreTuesday broker round-up UPDATE
27th Nov 2012 07:19
Aberdeen Asset Management: Citigroup raises target price from 320p to 345p and downgrades to neutral. JP Morgan raises target price from 330p to 414p, overweight rating unchanged. Credit Suisse moves target price from 323p to 380p, outperform rating kept. Exane BNP Paribas raises target price from 3
Read moreLondon close: Stocks dragged into the red by Barclays
26th Nov 2012 16:25
- Osborne names Canadian as new Bank of England chief - Agreement on Greece a real possibility tonight - Barclays leads bank stocks lower UK equities ended the day firmly lower, with banks weighing heavily on the Footsie after Deutsche Bank AG and Goldman Sachs agreed to sell as many as 303.3m sha
Read moreSector Movers: Banks become biggest fallers, dragged by Barclays
26th Nov 2012 15:44
Barclays shares dropped five per cent after Qatar disposed of its remaining warrants in the bank, pulling the entire banking sector lower. Even a boost from JP Morgan, which raised its target price from 250p to 320p and upgraded the stock to overweight, was not enough to stop the group from fallin
Read moreFTSE 100 movers: Barclays drags banks lower
26th Nov 2012 15:04
Barclays shares dropped five per cent after Qatar disposed of its remaining warrants in the bank, pulling the entire banking sector lower. Even a boost from JP Morgan, which raised its target price from 250p to 320p and upgraded the stock to overweight, was not enough to stop the group falling. Th
Read moreLondon open: Stocks rise after Chinese data
22nd Nov 2012 08:27
- Footsie gains after upbeat Chinese data - Volumes expected to be light with US markets closed - SABMiller and Man Group lead gains on FTSE 350 UK stocks started Thursday's session with moderate gains after some upbeat manufacturing figures from China, though trade is expected to be light with US
Read moreRSA bags Lloyds Chairman
22nd Nov 2012 07:09
Global insurer RSA said it had appointed financial services stalwart Martin Scicluna as its new Chairman. He will join the board on January 1st 2013 and succeeds John Napier who is stepping down at the end of the year after a decade in the post. Scicluna spent over 30 years at Deloitte where he wa
Read moreLondon midday: Stocks pare losses but market cautious
21st Nov 2012 11:54
- Eurogroup delays Greek aid - MPC minutes show 8-to-1 vote in favour of maintaining QE - Johnson Matthey and Compass lower after results UK stocks had trimmed losses by Wednesday lunchtime but was trading within a narrow range as investors remain cautious following an inconclusive meeting of Euroz
Read moreLondon open: Stocks fall as Greek aid delayed
21st Nov 2012 08:36
London's benchmark FTSE 100 index dropped into the red in early trading on Wednesday morning after Eurozone finance ministers delayed a decision on the next tranche of the Greek bailout. Matthew Nelson, a financial sales trader from Spreadex, said this morning: "The poor sentiment has not been aide
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