Broker tips: Energy stocks, Housebuilders, Meggitt
27th Jun 2014 12:23
Investec has said it was not surprised by Ofgem's move to refer the UK energy market for a full competition investigation, saying it should be a positive for the industry. "We believe this is an opportunity to restore investor trust in an important part of the GB energy market, which has recently b
Read moreUBS downgrades Meggitt after recent run
27th Jun 2014 09:55
UBS has downgraded its rating for aerospace engineer Meggitt from 'buy' to 'neutral' and lowered its target price from 520p to 505p on the back of worsening currency movements. "As sterling has continued to strengthen, we have revised our assumptions and have downgraded our 2014 sales, [operating p
Read moreLondon close: FTSE dragged lower by US GDP, Iraq
25th Jun 2014 16:59
- FTSE closes down 53.45 points at 6,733.62 - Iraq, US GDP provide drag - Meggitt leads losses after broker downgrade techMARK 2,789.11 -0.71% FTSE 100 6,733.62 -0.79% FTSE 250 15,453.95 -0.60% Continued concerns about the situation in Iraq, a worse the expected drop in US first quarter GDP and a
Read moreFTSE 100 movers: Land Securities provides lift to property groups
25th Jun 2014 15:50
Bid target Shire was propelled higher after it received a boost from the US courts, which blocked competitors from selling generic versions of its Vyvanse branded drug for attention-deficit hyperactivity disorder (ADHD). Land Securities's decision to take a 30% stake in shopping centre Bluewater
Read moreSector movers: Rolls-Royce cash return lifts aero/defence stocks
19th Jun 2014 14:55
Aerospace and defence stocks were leading the risers on Thursday after engineering giant Rolls-Royce impressed investors with an unexpected £1bn cash return. Shares in Rolls jumped over 7% today after the firm pledged to buy back £1bn of shares if it succeeds in selling its energy gas turbine and c
Read moreThursday broker round-up UPDATE
19th Jun 2014 08:56
BAE Systems: Westhouse Securities initiates with a target price of 360p and a sell recommendation. Berkeley Group: Deutsche Bank increases target price from 2587p to 2877p retaining a hold recommendation. Jefferies raises target price from 2477p to 2543p and keeps a hold recommendation. BG Group:
Read moreBerenberg sees upbeat aerospace outlook, but Iraq unrest may weigh
17th Jun 2014 14:13
Defence firms are cashing in on more US budget certainty and civil aerospace prospects remain good, but Iraq unrest could throw the cat among the pigeons, broker Berenberg says. Civil aerospace and defence stock valuations have converged in the last year as defence headwinds have moderated and prof
Read moreTuesday broker round-up UPDATE
17th Jun 2014 09:45
Aquarius Platinum: UBS cuts target price from 41p to 24p and keeps a neutral rating. BAE Systems: Berenberg initiates with a target price of 455p and a hold recommendation. British Land: Deutsche Bank ups target price from 520p to 580p, but still recommends selling. Capital & Counties: Deutsche B
Read moreTuesday broker round-up UPDATE
10th Jun 2014 09:45
ASOS: Goldman Sachs reduces target price from 6250p to 5750p, while upgrading to strong buy. Avon Rubber: Investec lowers target price from 690p to 680p and downgrades from buy to add. BAE Systems: Investec downgrades from add to hold with a target price of 430p. BG Group: Exane downgrades to neu
Read moreThursday tips round-up: Experian, Meggitt
8th May 2014 07:31
Analysts can sometimes surprise with their uncanny ability to leave out well-known events from their forecasts for companies´ profits. Such is the case with Experian. The number crunchers at many brokers seem to have just woken up to the fact that the upcoming World Cup in Brazil may negatively impa
Read moreLondon open: Ukraine concerns dampen stocks early on
7th May 2014 09:25
- L&G, G4S, Sainsbury and ITV lead risers - WM Morrison, ex-div stock provide a drag - Ukraine tensions continue to rise - Markets nervous ahead of Yellen speech techMARK 2,784.08 -0.29% FTSE 100 6,774.00 -0.36% FTSE 250 15,870.07 -0.43% Ongoing tensions in Ukraine and a host of mixed corporate ea
Read moreLondon open: Ukraine concerns dampen markets early on
7th May 2014 08:24
- L&G, G4S, Sainsbury and ITV lead risers - WM Morrison, ex-div stock provide a drag - Ukraine tensions continue to rise - Markets nervous ahead of Yellen speech techMARK 2,785.10 -0.25% FTSE 100 6,779.09 -0.29% FTSE 250 15,870.62 -0.43% Ongoing tensions in Ukraine and a host of mixed corporate ea
Read moreLondon pre-open: FTSE to head lower, Yellen and Ukraine in focus
7th May 2014 07:40
London-listed stocks are expected to fall at the opening bell of today's session, extending yesterday's losses and tracking a negative finish in both the US and Asia overnight. City sources predict the FTSE 100 will open around 25 points yesterday's close of 6,798.56. Twitter, AIG and Netflix dra
Read moreMeggitt wins contract with LNG plant offshore Malaysia
7th May 2014 07:00
Industrial engineering firm Meggitt has been awarded a contract by JGC Corporation for the supply of printed circuit heat exchangers (PCHEs) for Petronas' second floating liquefied natural gas facility (PFLNG2). JGC is part of a consortium developing the PFLNG2 which will be located in gas fields o
Read moreFTSE 100 movers: Miners jump after recent declines
21st Mar 2014 14:55
Mining stocks were performing well throughout today's session as bargain hunters stepped in following recent weakness in the sector. At Thursday's close, the FTSE 350 mining sector had lost more than 11 per cent over the last four weeks. Anglo American, Antofagasta, and precious metals producer Fres
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