London midday: StanChart drags banks lower
7th Aug 2012 11:47
- StanChart dominates headlines on Iran dealings - UK manufacturing output falls 4.3 per cent - Spain could be nearing a bailout The Footsie had swung into the red by Tuesday lunchtime as the banking sector took a hit on the back of 24 per cent plunge from Standard Chartered due to alleged dealings
Read moreTuesday broker round-up
7th Aug 2012 09:22
AB Foods: Nomura cuts target from 1,400p to 1,380p, buy rating kept. BBA Aviation: Jefferies keeps buy rating and 250p target. Big Yellow: Goldman Sachs upgrades to conviction buy, target lifted from 360p to 390p. Devro: Investec keeps buy rating and 355p target. Diageo: Investec lifts target fr
Read moreMeggitt reiterates guidance, wins two contracts
7th Aug 2012 07:25
Aerospace components engineer Meggitt said it entered the second half of the year with good momentum and an improved order book, although the civil aerospace after-market is a bit soft. Revenue in the first half of 2012 was up 19% at £776.0m from £649.8m in the corresponding period of 2011, while t
Read moreLondon close: Stocks fall as Spanish bond yields jump
9th Jul 2012 16:30
- Spanish yields back above 7.0 per cent - All eyes on Eurogroup meeting - Defence stocks rise on contract hopes Stocks were trading near their lowest levels of the day by Monday's close as bond yields in Spain surged while European officials met in Brussels. By the close in London, the yield on a
Read moreFTSE 100 movers: BAE rises on rumours
9th Jul 2012 15:10
Defence group BAE Systems was advancing on reports that it could be close to securing a £7.1bn contract with the US Air Force, according to the Sunday Telegraph. Investors are hoping for more deals to be signed at the 2012 Farnborough Air Show which starts today. Some reports also hold that the gove
Read moreLondon midday: Stocks in the red ahead of Eurogroup
9th Jul 2012 11:41
- Spanish yields back above 7.0 per cent - Eyes on the Eurogroup - BAE and Rolls-Royce gain as Farnborough show kicks off The Footsie rebounded off its intraday lows by Monday lunchtime but was still firmly in the red with Spanish bond yields surging ahead of a Eurogroup meeting in Brussels. Euroz
Read moreTuesday broker round-up - UPDATE
3rd Jul 2012 08:11
Anite: Jefferies reiterates buy rating and 155p target; Investec puts target under review, buy rating kept. Avocet Mining: Nomura slashes target from 220p to 120p, neutral rating kept. Barclays: Investec maintains buy rating and 240p target. BG Group: Deutsche Bank reduces target from 1,800p to 1
Read moreSector movers: Rolls-Royce lifts defence stocks after MoD contract
18th Jun 2012 15:37
A bumper contract for Rolls-Royce has boosted the stock today, meaning that the aerospace and defence sector was one of the best performers in afternoon trade. The global power systems group announced on Monday that it has bagged a massive contract with the Ministry of Defence worth over £1bn to su
Read moreFriday broker round-up
11th May 2012 09:08
Aquarius Platinum: UBS cuts target from 155p to 110p, neutral rating kept. ARM Holdings: finnCap upgrades from hold to buy, target left at 575p [ARM is a corporate client of finnCap]. BT Group: Nomura reiterates buy recommendation and 295p target. Catlin: Nomura keeps buy rating and 506p target.
Read moreMeggitt organic revenues jump
26th Apr 2012 07:21
Meggitt, the component maker for the aerospace, defence and energy industries, says a strong recovery in civil aerospace and energy has led to a significant rise in income. In the first three months of the year revenues were 25% ahead of the same period of 2011; on an organic basis, which strips ou
Read moreMeggitt squeezes out rivals on Airbus contract
24th Apr 2012 07:29
Meggitt, the international aerospace, defence and electronics group, has added another Airbus contract to its portfolio. The group has won the contract to provide the fire detection, control and auxiliary power unit (APU) and engine extinguishing systems for the A320neo programme. Financial details
Read moreFriday broker round-up
20th Apr 2012 08:25
ARM Holdings: Jefferies raises target from 466p to 485p, underperform rating kept. Debenhams: UBS raises target from 75p to 80p, neutral recommendation kept; Nomura ups target from 81p to 90p, neutral rating kept. IMI: Investec maintains buy rating, 1,180p target under review. Intermediate Capita
Read moreThursday broker round-up - UPDATE
5th Apr 2012 08:00
Antofagasta: AlphaValue upgrades from reduce to add, target cut from 1,233.6p to 1,211.5p. Aveva: Merchant Securities raises target from 1,785p to 1,800p, buy rating kept. Ashmore: UBS upgrades from neutral to buy, target lifted from 400p to 420p. Barclays: AlphaValue upgrades from reduced to add
Read moreFTSE 100 movers: Legal and General divi rise sends shares soaring
14th Mar 2012 14:07
The legion of income investors holding shares of Legal and General were cheered by the insurance leviathan's decision to bump up the 2011 dividend by more than a third, well ahead of market expectations. The final dividend in respect of fiscal 2011 has been increased by a whopping 39% to 4.74p per
Read moreLondon midday: Financials jump despite jobs data
14th Mar 2012 11:43
- UK unemployment on the rise - Banking stocks lifted by US stress test results - Legal and General beats forecasts in 2011 Stocks held on to earlier gains by lunchtime on Wednesday despite some gloomy jobs data. Financials were leading the rise, buoyed by the results of the stress tests in the US
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