Sector movers: BAE, Rolls-Royce lead aero/defence sector higher
24th Sep 2013 14:27
Aerospace and defence stocks were among the best performers on Tuesday afternoon with gains from sector giants BAE Systems and Rolls-Royce providing a lift. BAE's share price was boosted on the news that South Korea has reopened an $8bn tender to upgrade its ageing air force. Seoul is looking for
Read moreWednesday broker round-up UPDATE
18th Sep 2013 08:28
African Minerals: Canaccord Genuity reduces target price from 410p to 330p, while its buy recommendation remains unaltered. Amlin: Goldman Sachs moves target price from 405p to 420p and reiterates a neutral rating. Andor Technology: Investec takes target price from 360p to 410p leaving its buy rec
Read moreThursday broker round-up UPDATE
29th Aug 2013 09:48
Afren: Westhouse Securities shifts target price from 160p to 165p and reiterates a buy recommendation. BAE Systems: Bank of America raises target price from 328p to 412p, while staying with its underperform rating. Cape: JP Morgan takes target price from 308p to 323p and stays with its overweight
Read moreLondon close: Markets finish lower despite late rally
28th Aug 2013 17:05
Markets rallied in afternoon trade on Wednesday, helped by dovish remarks from Bank of England (BoE) Governor Mark Carney and a decent start on Wall Street, but stocks still finished in the red as escalating concerns about Syria continued to dampen sentiment. The FTSE 100 finished down 10.91 points
Read moreLondon midday: Stocks fall as oil rises on Syria turmoil
28th Aug 2013 11:27
Stock markets were once again hit by concerns over rising tensions between Syria and the West on Wednesday morning, as surging oil prices look to pose a threat to global economic growth. West Texas crude futures were trading at a two-year high of $112.24 a barrel this morning while Brent crude jump
Read moreLondon open: Stocks slip as Syrian turmoil hits risk appetite
28th Aug 2013 08:21
The FTSE 100 dropped firmly into the red on Wednesday morning as escalating tensions between Syria and the West spurred a reduction in risk appetite amongst investors. UN weapons inspectors are expected to return to a site in Damascus near where the suspected chemical weapons attack happened last w
Read moreLondon pre-open: Markets seen lower on fears over intervention in Syria
28th Aug 2013 07:30
Markets are expected to open firmly lower this morning as fears about an impending military invention in Syria continue to dampen sentiment and reduce risk appetite. "Global equity markets are expected to record significant losses again on Wednesday, as investors pile their cash into safe haven ass
Read moreMeggitt to acquire US-based ceramic devices producer
28th Aug 2013 07:02
Meggitt, the FTSE 100 aerospace, defence and energy group, has unveiled plans to acquire Piezotech, a US ceramic devices producer. The $41.2m purchase was being made to stengthen Meggitt's sensing systems business, specifically its high performance piezo-ceramic technology for extreme temperature
Read moreLondon close: Markets finish lower despite late rally
20th Aug 2013 16:39
Markets slumped to a six-week low on Tuesday as investors trimmed positions and scaled back risk appetite ahead of minutes of the latest US policy meeting due out tomorrow. The FTSE 100 dropped to an intraday low of around 6,400 early on after a series of disappointing corporate earnings, but ralli
Read moreLondon midday: Corporate earnings weigh on stocks ahead of Fed minutes
20th Aug 2013 11:41
A number of poorly-received results from blue-chip companies and ongoing concerns about the future of US stimulus weighed heavily on markets on Tuesday morning, dragging the FTSE 100 to levels not seen in over six weeks. London's benchmark index reached an intraday low of around 6,400 early on befo
Read moreBroker tips: AMEC, Meggitt, ITV
20th Aug 2013 11:13
Credit Suisse has maintained its upbeat stance on engineering consultancy firm AMEC despite Monday's rejected takeover bid of smaller rival Kentz Corporation, saying that the company could re-start share buybacks later in the year. "If Amec fails to secure a meaningful acquisition by 4Q management
Read moreBroker snap: Investec upgrades Meggitt to 'buy'
20th Aug 2013 10:52
Meggitt, the engineering group working in the aerospace, defence and energy markets, was making gains on Tuesday morning after Investec upgraded the stock from 'add' to 'buy', saying it still sees further upside even after a strong performance this year. The target price for the shares was lifted f
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 moreWednesday broker round-up UPDATE
7th Aug 2013 08:57
Antofagasta: Canaccord Genuity ups target price from 1000p to 1035p leaving its buy recommendation unchanged. BBA Aviation: JP Morgan increases target price from 289p to 343p retaining an overweight rating. UBS moves target price from 250p to 280p and reiterates a neutral rating. Liberum Capital ra
Read moreWednesday tips round-up: InterContinental Hotels, Meggitt
7th Aug 2013 06:41
InterContinental Hotels Group's (IHG) future looks bright as the global population is rising significantly, which means more people are travelling and booking accommodation, The Telegraph's Questor said. The world's largest hotel company by number of rooms, which owns nine brands including the Holid
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