Broker snap: Too early to point the finger at Meggitt, says Jefferies
21st Jan 2013 10:53
Shares in aerospace engineer Meggitt were weighed down on Monday morning by concerns that one of the group's products could be linked to the grounding of Boeing 787 Dreamliners. However, analysts at Jefferies gave the company the benefit of the doubt, saying that it's too early to point fingers. S
Read moreMeggitt subsidiary supplied battery charger unit to Boeing's Dreamliners
21st Jan 2013 09:17
Aerospace components engineer Meggitt is the ultimate owner of a company which provided battery charger units for Boeing's now grounded Dreamliner air fleet. In 2011, FTSE 100-listed Meggitt acquired Pacific Scientific, which also included the purchase of a company called Securaplane Technologies.
Read moreBroker tips: Rio Tinto, Meggitt, Ophir Energy
18th Jan 2013 14:11
Credit Suisse has reiterated its 'outperform' rating and 4,000p target price for mining giant Rio Tinto, following yesterday's announcement of a CEO change and non-cash impairment charge 14bn dollars. "After the market digests this news we think the focus should remain on iron ore prices, project d
Read moreLondon midday: Mining companies lead the way following strong Chinese growth data
18th Jan 2013 11:43
- Chinese GDP growth accelerates in Q4 - UK retail sales miss forecasts - EVRAZ, Carnival and Meggitt on the rise UK stocks had extended gains by Friday lunchtime, with better-than-expected Chinese growth figures offsetting some weak domestic retail sales. China's economic growth seems to have acc
Read moreBroker snap: BarCap upgrades Meggitt to 'overweight'
18th Jan 2013 08:52
Aerospace components engineer Meggitt was a high riser on the FTSE 100 on Friday morning after Barclays Capital upgraded its rating for the stock from 'equal weight' to 'overweight' and raised its target price from 450p to 520p. The broker believes that Meggitt is "forgotten, but not for long", sa
Read moreLondon open: Stocks gain as Chinese growth accelerates in Q4
18th Jan 2013 08:19
The FTSE 100 was making small gains in early trading on Friday with mining stocks providing a lift after some better-than-expected growth figures from China. China's economic growth seems to have accelerated for the first time in two years towards the end of 2012 thanks to the stimulus measures imp
Read moreFriday broker round-up UPDATE
18th Jan 2013 07:53
Aberdeen Asset Management: UBS ups target price from 370p to 440p maintaining a buy rating. JP Morgan shifts target price from 479p to 498p and keeps an overweight rating. Numis raises target price from 400p to 430p, while its add rating remains unchanged. Afren: Nomura cuts target price from 185p
Read moreLondon pre-open: Small decline expected on FTSE as Asian stocks fall
16th Jan 2013 07:33
City sources predict the FTSE 100 will open down 12 points from yesterday's close of 6,117, tracking declines seen in Asia overnight. Both the Dow Jones Industrials and S&P 500 indices were up at the close of US trading on Tuesday after a late-day rally in a number of US stocks following encouragi
Read moreMeggitt wins new engine-component order
16th Jan 2013 07:07
Meggitt has been selected by Snecma, part of the Safran Group, to provide a package of sensor products for engines that power the Boeing 737MAX. The group, which provides high performance components and sub-systems for the aerospace, defence and energy markets, said that Snecma (through a 50/50 joi
Read moreLondon close: Index closes at highest level since 2008
9th Jan 2013 16:33
UK markets closed significantly higher on Wednesday, up 45 points equal to 11.41bn pounds, with the index closing at its highest level since May 22nd 2008. The gains were led by banking stocks after UBS hiked its targets for the Lloyds, Barclays and RBS, saying 'the UK is over its experiment of co
Read moreFTSE 100 movers: Banks soar on UBS upgrade
9th Jan 2013 14:53
Banks were leading the risers on Wednesday after UBS hiked its targets for the Lloyds, Barclays and RBS, saying 'the UK is over its experiment of combining fiscal and monetary austerity'. The broker revised its price target on Lloyds to 60p (from 50p), for Barclays to 315p (from 255p) and RBS to 410
Read moreMeggitt appoints CFO as new CEO as Twigger plans departure
9th Jan 2013 12:39
Aerospace components engineer Meggitt announced on Wednesday that its Chief Executive, Terry Twigger, has said he intends to retire from the role and the board is set to replace him with Stephen Young, who has been Finance Director of Meggitt since 2004. The changes will take place immediately fol
Read moreWednesday broker round-up UPDATE
9th Jan 2013 09:11
African Barrick Gold: Deutsche Bank reduces target price from 520p to 490p and reiterates a hold recommendation. Nomura cuts target price from 525p to 435p and downgrades from buy to neutral. African Minerals: Deutsche Bank increases target price from 606p to 620p and maintains a buy rating. AMEC:
Read moreLondon open: Sainsbury warns celebrations will not carry into 2013
9th Jan 2013 08:10
The UK's main equity benchmark, the FTSE 100, has started the Wednesday session slightly higher, up by 18 points to 6,071, to just below technical resistance at the 6,100 point mark, despite the release of mixed results overnight from US aluminium giant Alcoa and what appears to be a rather mixed ne
Read moreWednesday broker round-up UPDATE
12th Dec 2012 07:25
AMEC: Credit Suisse reduces target price from 1300p to 1250p reiterating an outperform rating. Anglo American: Barclays upgrades to equal-weight with a target price of 1970p. Ashtead Group: Barclays raises target price from 352p to 434p and reiterates an overweight rating. ASOS: HSBC raises targe
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