Wednesday broker round-up
6th Nov 2013 08:48
Anglo American: Alphavalue moves target price from 1816.9p to 1827.1p upgrading from add to buy. Associated British Foods: Citi raises target price from 1950p to 2350p, while leaving its neutral rating unchanged. Assura Group: Liberum Capital initiates with a target price of 42.9p and a buy recomm
Read moreMillennium & Copthorne nine month profits plunge, but Q3 delivers rise
6th Nov 2013 07:59
- Profit rise in Q3 - Profit decline in nine months to end of September - Proposed sale of Singapore shopping centre Hotels group Millennium & Copthorne posted a rise in third quarter profit but a sharp decline in the nine months ended September 30th altogether. For the third quarter, pre-tax pro
Read moreWednesday broker round-up UPDATE
25th Sep 2013 09:46
Amec: JP Morgan reduces target price from 1301p to 1243p and stays with its neutral rating. Amlin: UBS ups target price from 400p to 450p upgrading from neutral to buy. BAE Systems: UBS takes target price from 450p to 490p and maintains a buy recommendation. BHP Billiton: Alphavalue shifts target
Read moreThursday broker round-up UPDATE
11th Jul 2013 08:23
Afren: JP Morgan reduces target price from 195p to 165p and downgrades to underweight. Associated British Foods: Panmure Gordon increases target price from 1800p to 2100p upgrading from hold to buy. AVEVA Group: JP Morgan ups target price from 2300p to 2430p and retains a neutral rating. Aviva: M
Read moreFTSE 250 movers: Housebuilders rise after mortgage-approval data
25th Jun 2013 15:09
House builders and construction stocks were performing well on Tuesday after the British Bankers' Association revealed that mortgage approvals for house purchase hit a 16-month high in May of 36,102. This was up from a revised 32,952 the month before, well ahead of the 33,200 consensus forecast and
Read moreLondon midday: Stocks rise as policymakers speak out
25th Jun 2013 11:21
The FTSE 100 rebounded strongly on Tuesday morning after falling to a fresh five-month low the day before, as policymakers from China and the US spoke out to downplay fears that have sparked market volatility over recent weeks. Renewed concerns over a slowdown in China and ongoing worries about a s
Read moreTuesday broker round-up UPDATE
25th Jun 2013 07:24
African Barrick Gold: Morgan Stanley reduces target price from 200p to 140p, while leaving its equal-weight rating unaltered. Deutsche Bank lowers target price from 153p to 137p leaving its hold recommendation unchanged. African Minerals: Deutsche Bank lowers target price from 586p to 570p, while k
Read moreFriday broker round-up UPDATE
7th Jun 2013 06:51
Aberdeeen Asset Management: Bank of America cuts target price from 475p to 410p downgrading to underperform. Anglo American: Nomura lowers target price from 1700p to 1650p and stays with its neutral rating. ARM Holdings: UBS moves target price from 950p to 970p, while its neutral rating remains un
Read moreMillennium & Copthorne Hotels sees profits fall in first quarter
2nd May 2013 08:35
Millennium & Copthorne Hotels saw first quarter pre-tax profit fall 34.7 per cent on the previous year as the company closed accommodation for refurbishments. Pre-tax profit for the first three months of the year dropped to £16.9m from the prior year's £25.9m, reflecting a 3.6% decline in revenue
Read moreMillennium & Copthorne moves ahead with plans in Korea
2nd Apr 2013 07:50
A wholly-owned subsidiary of Millennium & Copthorne Hotels has completed its purchase and sale agreement with Woo Yang Industrial Development Company to acquire a plot of land with a total area of 1,563.7m sq. The plot is adjacent to the Millennium Seoul Hilton Hotel in Korea. The transaction fo
Read moreMonday broker round-up UPDATE
25th Mar 2013 07:12
Amur Minerals Corporation: HB Markets initiates with a speculative buy. ARM Holdings: Bank of America Merrill Lynch reiterates buy and 1,145p price target. AstraZeneca: Deutsche Bank raises target price from 2800p to 3100p and keeps a hold recommendation. Exane BNP ups target price from 3100p to 3
Read moreThursday broker round-up UPDATE
7th Mar 2013 07:25
Admiral: Nomura raises target price from 1350p to 1493p keeping a buy recommendation. African Barrick Gold: Nomura cuts target price from 435p to 200p and downgrades from neutral to reduce. Aggreko: Investec increases target price from 1750p to 1940p upgrading from hold to buy. Anglo American: No
Read moreTuesday broker round-up UPDATE
5th Mar 2013 07:15
Abcam: Investec raises target price from 466p to 484p and keeps a buy recommendation. Numis revises target price from 470p to 530p and maintains its buy ratng. Access Intelligence: Merchant Securities initiates with a target price of 7p and a buy recommendation. Amlin: Canaccord Genuity raises tar
Read moreLondon close: FTSE ends higher after US Fed comments
22nd Feb 2013 16:56
Markets returned to positive territory on Friday, with investors making the most of cheaper prices one day after the biggest single session decline this year. The index ended seven points up on the week. The main reason for the day's advance was the endorsement given by the President of the US Fe
Read moreFTSE 250 movers: Millennium & Copthorne dives on results
22nd Feb 2013 15:10
Shares in Millennium & Copthorne Hotels dropped after it revealed that total full year revenue had declined by 6.4 per cent in 2012, despite an increase in revenue per available room (RevPAR). Total revenue fell from £820.5m to £768.3m, while RevPAR on a constant currency basis rose 3.9% from £64.
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