Sector movers: Aero/defence stocks fall on news of Rolls-Royce bribery probe
6th Dec 2012 15:03
Global power systems giant Rolls-Royce was under the weather on Thursday, providing a drag in the aerospace and defence sector. The company announced this morning that it could face prosecution from the Serious Fraud Office (SFO) in relation to cases of bribery and corruption in Indonesia and China
Read moreTuesday broker round-up
6th Nov 2012 09:03
AB Foods: Jefferies keeps hold rating and 1,365p target; Panmure Gordon ups target from 1,300p to 1,450p, hold rating kept; Investec keeps hold rating and 1,300p target. Aviva: Panmure Gordon maintains buy rating and 425p target. Babcock: Jefferies keeps buy rating and 970p target; Seymour Pierce
Read moreMonday broker round-up
5th Nov 2012 08:19
Aggreko: Goldman Sachs cuts target from 3,692p to 3,460p, conviction buy rating kept. Asian Citrus: Seymour Pierce keeps buy rating and 50p target; BG Group: Nomura keeps buy rating and 1,600p target. BP: HSBC cuts target from 550p to 530p, overweight rating kept. Brewin Dophin: RBC Capital Mark
Read moreLondon midday: Markets cautious ahead of US non-farm payrolls
2nd Nov 2012 11:30
- All eyes on US jobs data - Outcome could be a major factor in presidential elections - Admiral, Meggitt and RBS disappoint The FTSE 100 was little changed by Friday lunchtime, having trade within a narrow range for most of the morning session, with investors nervous ahead the pivotal employment
Read moreLondon open: Stocks fall ahead of key US jobs data
2nd Nov 2012 08:48
The FTSE 100 opened slightly lower on Friday morning following a strong rise the day before, as investors showed caution ahead of some pivotal economic data due out across the Pond later today. Financial trader Shavaz Dhalla from Spreadex said that investors are nervous about taking on too much ris
Read moreFriday broker round-up
2nd Nov 2012 08:18
Associated British Foods: Panmure Gordon keeps hold rating and 1,300p target. Balfour Beatty: Goldman Sachs downgrades to neutral, target cut from 330p to 322p. BG Group: Deutsche Bank downgrades to hold, target cut from 1,700p to 1,350p; Liberum Capital downgrades to hold. British Sky Broadcasti
Read moreLondon pre-open: Declines expected ahead of US jobs report
2nd Nov 2012 07:33
City sources predict the FTSE 100 will open down 10 points from yesterday's close of 5,862, despite a strong rise in the US and broadly higher stocks in Asia overnight. Investors are likely to be cautious ahead of US non-farm payrolls which are due out today, at 13:30, along with manufacturing dat
Read moreMeggitt flying despite military cutbacks
2nd Nov 2012 07:02
Third quarter organic revenues at Meggitt, the company specialising in high performance components and sub-systems for the aerospace, defence and energy markets, were in line with an exceptionally strong performance from last year. Based on current projections, and notwithstanding the uncertainty i
Read moreWednesday broker round-up -UPDATE
29th Aug 2012 09:38
888 Holdings: Investec upgrades from sell to buy target hiked from 18p to 95p. Advanced Medical Solutions: Singer Capital Markets upgrades to buy, target lifted from 80p to 82p. AstraZeneca: AlphaValue downgrades to reduce. Bunzl: Jefferies raises target from 835p to 860p, underperform rating kep
Read moreFTSE 100 movers: ENRC profits slide
15th Aug 2012 13:59
Diversified mining giant Eurasian Natural Resources Corp (ENRC) dropped into the bottom spot after being hit by a fall in commodity prices and challenging economic conditions in the first half, meaning that both revenues and profits were significantly lower than the same period in 2011. The group sl
Read moreLondon midday: Footsie stays lower despite jobless data
15th Aug 2012 11:38
- MPC in wait-and-see mode - UK jobless rates falls more than expected - StanChart, Resolution lead the risers UK equities were stuck in the red by Wednesday lunchtime as minutes from the latest rate-setting meeting at the Bank of England dampened expectations that the Monetary Policy Committee (MP
Read moreLondon open: Tobacco stocks provide a drag early on
15th Aug 2012 08:28
- Greece to ask for more time - Markets await MPC minutes - Tobacco stocks fall on Australian plain packaging issue UK stocks slipped on Wednesday morning on the back of concerns over Greece and ahead of a keenly awaited report on US industrial output; tobacco companies were leading the decline in
Read moreMeggitt director stocks up following good H1 revenue growth
14th Aug 2012 16:58
Peter Huber, the President of Sensing Systems at Meggitt Group, purchased 8,616 shares in the firm for 409p each. The £35,239 transaction took place just a week after the aerospace components engineer said it entered the second half of the year with good momentum and an improved order book, althou
Read moreWednesday tips round-up: Standard Chartered, Meggitt, Legal and General
8th Aug 2012 07:02
Questor in the Telegraph takes on the issue du jour, Standard Chartered, arguing the bank which faces damaging money laundering accusations in the US will, ultimately weather the storm. Trading at eight times current year earnings, the stock is still more expensive than poor old Barclays (at 5.4 tim
Read moreLondon close: Footsie at four-month high despite StanChart slump
7th Aug 2012 17:11
- StanChart makes headlines on Iran dealings, shares tank - Evraz jumps on positive read-across from steel peers - Juncker says Greek exit manageable The Footsie rallied in afternoon trade on Tuesday to close at a four-month high in spite of some weakness in the banking sector on the back of a mass
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