Monday broker round-up - UPDATE
8th Oct 2012 08:03
AMEC: Investec keeps buy rating and 1,300p target. Aquarius Platinum: Panmure Gordon keeps buy rating and 163p target. BAE Systems: Societe Generale upgrades to hold, target lifted from 300p to 350p. British American Tobacco: Nomua raises target from 3,500p to 3,506p, buy rating kept. BSkyB: Nom
Read moreSunday newspaper round-up: Greece, BAE Systems, Britain´s banks
7th Oct 2012 18:06
Greece cannot have more time to repay its debt to the European Central Bank because it would be illegal and "illogical", board member Joerg Asmussen has said, as he shut the door on pleas for leniency from the bank. Mr Asmussen said that the ECB could not lengthen the time period for loans to Greece
Read moreThursday tips round-up: Marstons, British lenders, Dunelm
4th Oct 2012 07:08
The Times Tempus column tips Marston's, which is investing spare cash in new-build freehold pubs offering informal eating and drinking in a pleasant environment. The benefit of this strategy was evident in yesterday's pre-close trading update. Marston's revealed that a revaluation of its pub estate
Read moreWednesday broker round-up - UPDATE
3rd Oct 2012 09:06
African Barrick Gold: Westhouse Secuirites raises target from 464p to 495p. AG Barr: Panmure Gordon keeps hold rating and 440p target. AstraZeneca: Panmure Gordon downgrades from buy to hold, target cut from 3,100p to 3,000p. Barclays: UBS downgrades from buy to neutral, 235p target unchanged. B
Read moreLondon close: Spanish concerns dampen stocks
2nd Oct 2012 16:37
- Moody's to reveal Spanish review this month - Banks provide a drag on the Footsie - Bumi and Bank of Georgia are big movers on FTSE 250 After a morning rally into the blue, the Footsie had dropped back into negative territory by the close of trade on Tuesday with uncertainty surrounding Spain con
Read moreFTSE 100 movers: Babcock boosted by buoyant markets
2nd Oct 2012 15:51
Engineering support firm Babcock was performing well today after saying it was enjoying buoyant markets as customers turned to it to make cost savings. Jefferies, Seymour Pierce and Investec all hailed the first-half trading update as "in line", maintaining their 'buy' ratings for the stock while sa
Read moreLondon close: Stocks surge after US data, Spanish stress tests
1st Oct 2012 16:45
- US data beats forecasts in September - Reports imply Germany may soften stance on Greece - Banks and miners rise strongly in London - Credit Suisse says Spanish stress test a "generally credible exercise" - Credit Suisse says larger top-down questions remain in stress tests Better-than-forecast m
Read moreSector movers: Banks, miners lead markets higher
1st Oct 2012 16:30
Increased risk appetite was benefitting the banking and mining sectors on Monday afternoon as benchmarks across Europe surged higher. Friday's release by Oliver Wyman on the Spanish financial sector was lifting sentiment on markets today. The independent auditor estimated that banks would need €59.
Read moreFTSE 100 movers: Xstrata rises after agreeing to merger with Glencore
1st Oct 2012 14:46
The big news of the day was that the so-called merger of equals between commodities trader Glencore and mining titan Xstrata is back on after the independent directors of the latter agreed to Glencore's terms. Jefferies reiterated its positive stance on both stocks this morning, saying that while th
Read moreLondon midday: Strong start to Q4; Footsie up one per cent
1st Oct 2012 11:24
- Investors taking advantage of underpriced stocks, says analyst - Asian and UK data disappoints - Xstrata rises after agreeing terms with Glencore London's blue-chip index gained strongly in morning trading on Monday with increased risk appetite benefitting the banking and mining sectors as stocks
Read moreMonday broker round-up
1st Oct 2012 08:58
Barclays: Liberum Capital upgrades to buy, target lifted from 210p to 245p. British American Tobacco: Investec upgrades to buy. Capital & Counties: Seymour Pierce downgrades from buy to add, 233p target kept. Charles Stanley: Peel Hunt downgrades to hold. Electrocomponents: Panmure Gordon downgr
Read moreLondon open: Stocks shrug off disappointing Asian data
1st Oct 2012 08:34
- UK stocks make strong gains early on - Japanese, Chinese figures disappoint - Xstrata rises after agreeing terms with Glencore UK equities advanced on Monday morning in spite of some disappointing economic data from Asia as stock markets kicked off the fourth quarter on a positive note. The Bank
Read moreLloyds lends to Paragon
27th Sep 2012 07:54
Paragon, the buy-to-let mortgage specialist which virtually went into hibernation during the credit crunch when the wholesale funding markets seized up, has signed a new warehouse funding facility. The £200m revolving senior secured loan facility has been provided by the wholesale division of Lloyd
Read moreLloyds worker gets five year sentence for fraud
21st Sep 2012 15:30
A former employee of Lloyds Bank who was in charge of online security has been sentenced to five years in jail after committing fraud while working at the bank. 50-year-old Jessica Harper, of South Croydon, London, admitted to filing 93 false and doctored invoices in order to claim payments totall
Read moreLondon close: Footsie jumps to six-month high on QE3
14th Sep 2012 16:26
- Footsie closes at highest level since mid-March - Markets celebrate QE3 announcement - Mining stocks surge as demand outlook improves Massive gains in the mining sector lifted the FTSE 100 to a six-month high on Friday as markets reacted to the Federal Reserve announcement of further economic sti
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