Tuesday broker round-up UPDATE
17th Sep 2013 08:56
Aggreko: Credit Suisse reduces target price from 2000p to 1400p and downgrades from neutral to underperform. Antofagasta: WH Ireland downgrades to neutral. Associated British Food: Nomura moves target price from 1650p to 1670p staying with its reduce rating. Aviva: Berenberg downgrades from hold
Read moreFTSE 250 movers: SuperGroup shares retreat one day after record results
6th Sep 2013 14:26
Superdry owner SuperGroup was retreating one day after revealing its quarterly sales had soared by a quarter, following strong demand across the group, in particular womenswear, as it moves into the autumn period with confidence. The fashion retailer said total group sales for the quarter to July 2
Read moreLancashire shareholders vote in favour of Cathedral Capital acquisition
6th Sep 2013 07:35
Lancashire Holdings announced Friday that following a special general meeting the previous day its shareholders had voted through its proposal to acquire Cathedral Capital, a privately owned Lloyd's insurer. 99.04% of votes were in favour of the £266m transaction. Chairman Martin Thomas said: "Th
Read moreMonday broker round-up UPDATE
12th Aug 2013 07:30
BAE Systems: Morgan Stanley increases target price from 350p to 430p and retains an equal-weight rating. Bodycote: N+1 Singer upgrades to buy with a target price of 700p. British American Tabacco: Goldman Sachs takes target price from 4220p to 4280p and stays with its buy recommendation. Capita G
Read moreThursday broker round-up UPDATE
8th Aug 2013 07:10
Aquarius Platinum: Investec places its target price (prev.: 46p) under review, while keeping its hold recommendation. Avocet Mining: Canaccord Genuity upgrades from sell to hold with an unchanged target price of 112p. BBA Aviation: Citi raises target price from 292p to 335p reiterating a buy recom
Read moreLancashire Holdings to acquire Cathedral Capital
7th Aug 2013 09:25
Lancashire Holdings has entered into conditional agreements to acquire Cathedral Capital, a privately owned Lloyd's insurer. The insurance company will buy Cathedral from Alchemy Partners and Cathedral management for £266m. The transaction will funded through a combination of internally available
Read moreLancashire Holdings hit by Costa Concordia loss
25th Jul 2013 13:43
British insurer Lancashire Holdings reported a fall in pre-tax profit for the three month to end of June as investment returns declined. The company posted a pre-tax profit of $58.3m, compared to $60.6m last year, blaming bigger payouts related to the Costa Concordia shipwreck and receding investm
Read moreLancashire Holdings appoints Head of Energy and Marine
10th Jul 2013 11:10
Lancashire Holdings has appointed James Flude as Head of Energy and Marine for the company's UK operation, Lancashire Insurance Company. Flude, who worked at Watkins Syndicate at Lloyd's for over 14 years, will being his role in January 2014. Paul Gregory, Chief Underwriting Officer of the UK busi
Read moreThursday broker round-up UPDATE
4th Jul 2013 08:17
Aberdeen Asset Management: JP Morgan reduces target price from 573p to 476p and reiterates its overweight rating. Ashmore Group: JP Morgan cuts target price from 410p to 339p maintaining a neutral rating. ASOS: Jefferies raises target price from 2199p to 6200p and upgrades from underperform to buy
Read moreFTSE 250 movers: Micro Focus, SDL and Imagination lead the risers
19th Jun 2013 14:11
Software products group Micro Focus International surged after its annual results unveiled a five per cent gain in pre-tax profit as it kept a tight rein on costs. Canaccord Genuity raised its target price for the stock from 800p to 820p this morning, keeping a 'buy' rating as it said: "These are a
Read moreBroker tips: Aggreko, Imagination Tech, Lancashire
19th Jun 2013 11:57
UBS has cut its recommendation for temperature control and power solutions firm Aggreko from 'buy' to 'neutral' and lowered its target price from 1,975p to 1,850p, saying the company faces headwinds next year. "Whilst the longer-term story based on structural growth and sustainable returns remains
Read moreBroker snap: JPMorgan downgrades Lancashire ahead of hurricane season
19th Jun 2013 11:55
JPMorgan Cazenove has cut its recommendation for insurance firm Lancashire Holdings from 'overweight' to 'neutral' given its premium multiple ahead of hurricane season as well as a full valuation. After cutting its target price from 860p to 800p due to the impact of softening rates, the broker said
Read moreWednesday broker round-up UPDATE
19th Jun 2013 08:27
Aggreko: UBS cuts target price from 1975p to 1850p downgrading from buy to neutral. JP Morgan revises target price from 1870p to 1800p and retains a neutral rating. Alliance Pharma: Investec shifts target price from 35.20p to 35.80p, while downgrading from add to hold. Associated British Food: UBS
Read moreLondon open: Stocks fall as investors brace for Fed meeting
19th Jun 2013 08:09
Following strong gains the day before, markets opened lower on Wednesday morning as investors paused for breath in anticipation of the Federal Reserve policy decision due out this evening. "Despite the tranche of economic data due today, investors will probably be focused on Fed Chairman Ben Bernan
Read moreFriday broker round-up UPDATE
14th Jun 2013 08:15
Amlin: UBS starts with a target price of 400p and a neutral rating. Cairn Energy: JP Morgan takes target price from 320p to 340p maintaining a neutral rating. Catlin: UBS initiates with a target price of 475p and a neutral rating. Chemring: Credit Suisse increases target price from 210p to 260p a
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