London midday: Stocks set for weekly gain as miners rise
21st Mar 2014 11:45
- Miners recover after recent slump - Obama imposes more sanctions on Russia - Markets await speeches from Fed officials - Burberry, RBS, Hikma hit by broker downgrades techMARK 2,807.91 +0.27% FTSE 100 6,564.71 +0.34% FTSE 250 16,228.56 +0.07% UK equities were trading higher on Friday with the FT
Read moreBroker tips: Pearson, Meggitt, Ophir Energy, Investec, FirstGroup
21st Mar 2014 11:41
Credit Suisse has lowered its target price for publishing group Pearson from 1,410p to 1,260p after last month's profit warning, but said that the downgrade cycle is now over as it maintained an 'outperform' rating on the stock. It said that 2014 will be a "trough year" for Pearson's earnings and
Read moreFriday broker round-up UPDATE
21st Mar 2014 09:36
Anglo American: Nomura reduces target price from 1550p to 1475p and retains a neutral rating. Antofagasta: Nomura cuts target price from 800p to 720p and stays with its reduce rating. Canaccord Genuity reduces target price from 1030p to 880p, while its buy recommendation is kept. ASOS: UBS reduces
Read moreUBS upgrades Meggitt, recent falls 'overdone'
21st Mar 2014 09:31
UBS has upgraded its rating on aerospace, defence and energy engineer Meggitt from 'neutral' to 'buy', saying that the stock has been disproportionately hit after its recent underperformance. "Meggitt is down 11% relative the FTSE 100 since mid-February, despite only a [small] FX-driven [earnings]
Read moreThursday broker round-up UPDATE
20th Mar 2014 09:19
Antofagasta: Deutsche Bank cuts target price from 770p to 735p and downgrades to sell. Investec cuts target price from 753p to 726p keeping its sell recommendation. Ashmore Group: HSBC Holdings lowers target price from 410p to 400p retaining its overweight rating. Avacta Group: Numis shifts target
Read moreLondon close: Stocks hit by Ukraine concerns, G4S sinks
12th Mar 2014 17:00
- FTSE closes down 64.62 points at 6,620.90 - Banks, G4S drag, copper price boosts miners - Minimum wage increased by 19p techMARK 2,817.28 -1.20% FTSE 100 6,620.90 -0.97% FTSE 250 16,326.70 -0.94% The City ended on a downbeat note today, as banks and G4S dragged, multiple big names went ex-divide
Read moreFTSE 100 movers: G4S disappoints with 'extremely challenging year'
12th Mar 2014 15:00
G4S failed to impress with its 2013 results after an 'extremely challenging year' which saw the security solutions provider swing to a statutory pre-tax loss of 170m pounds, from a profit of 313m pounds in 2012. A number of heavyweight FTSE 100 stocks were lower after going ex-dividend, including M
Read moreLondon midday: Stocks near one-month low on China, Ukraine fears
12th Mar 2014 12:00
- Chinese concerns hammer copper prices - Ex-div stocks falls - Prudential gains, G4S slumps - Poundland, Pets at Home in focus techMARK 2,825.81 -0.90% FTSE 100 6,629.89 -0.83% FTSE 250 16,372.49 -0.66% Fears surrounding a slowdown in China and ongoing concerns about Ukraine weighed heavily on st
Read moreLondon close: Stocks glide higher amid multiple data and corporate releases
6th Mar 2014 16:59
- Focus on BoE and ECB decision - Aviva leads risers - US jobless numbers come in below consensus techMARK 2,887.46 -0.40% FTSE 100 6,788.49 +0.19% FTSE 250 16,671.75 +0.35% UK stocks ended the day on a positive note, as investors digested central bank decisions from the Bank of England (BoE) and
Read moreFTSE 100 movers: Aviva rises after 2013 results impress
6th Mar 2014 14:49
Shares in insurer Aviva soared after investors celebrated a better-than-expected set of 2013 results as its turnaround under Chief Executive Mark Wilson saw encouraging progress. Operating profits rose 6% year-on-year to £2,049m, some 3% ahead of the consensus estimate of £1,988m. Panmure Gordon w
Read moreLondon close: Negative finish amid profit taking
5th Mar 2014 16:50
- FTSE closes 48 points lower - Ongoing concerns about Ukraine - Poor corporate earnings weigh heavily techMARK 2,899.18 -0.76% FTSE 100 6,775.42 -0.71% FTSE 250 16,614.35 -0.51% It was another negative finish in the City today, as investors engaged in a round of profit taking amid the ongoing cri
Read moreWednesday broker round-up UPDATE
5th Mar 2014 10:02
Abcam: Investec reduces target price from 552p to 480p and reiterates its buy recommendation. Numis upgrades from hold to buy with a target price 510p. Advanced Medical Solutions: Canaccord Genuity shifts target price from 94p to 101p and keeps a hold recommendation. African Barrick Gold: Nomura r
Read moreConfident Meggitt ups dividend as FY earnings climb
4th Mar 2014 07:05
- FY revenues up 2.0 per cent - Underlying EBITDA up 2.8 per cent - FY dividend hiked 8.1 per cent Aerospace engineer Meggitt counterbalanced weaker military demand with a stronger performance in civil aerospace and energy in 2013. Full year revenues rose 2% to £1.64bn, with underlying earnings be
Read moreSector movers: Gloomy guidance from BAE hits aerospace/defence stocks
20th Feb 2014 15:13
Gloomy guidance from heavyweight blue chip BAE Systems dragged the aerospace and defence sector into the red on Thursday. The share price of military hardware manufacturer BAE Systems dropped sharply today after it warned that profits in 2014 could fall by up to 10% on the back of pressures on US g
Read moreUK stocks erase losses, but corporate earnings weigh on sentiment
13th Feb 2014 16:55
- Stocks snap winning streak but pare losses by the close - Tate & Lyle, Rolls-Royce issue profit warnings - Lloyds underwhelms with higher profits in 2013 - US retail sales disappoint techMARK 2,823.82 -0.26% FTSE 100 6,659.42 -0.23% FTSE 250 16,029.39 -0.31% Profit warnings from Tate & Lyle and
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