London open: Miners bounce back on Fed remarks
22nd Feb 2013 07:52
The London market has opened clearly in the blue this morning, bouncing back strongly from the previous day's losses and with miners in the lead. That follows yesterday's finish by the main Wall Street indices well of their lows. Of note, the President of the US Federal Reserve bank of St.Louis gav
Read moreLondon pre-open: FTSE to regain some of yesterday's losses
22nd Feb 2013 07:30
City sources predict the FTSE 100 will open up 30 points from yesterday's close of 6,292, clawing back some of yesterday's heavy losses after hawkish comments from the Federal Reserve weighed heavily on markets. Last night US stock markets extended losses on the back of the previous night's releas
Read moreMillennium & Copthorne sees decline in revenue despite rise in RevPAR - UPDATE
22nd Feb 2013 07:12
Total full year revenue at Millennium & Copthorne Hotels 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 £64.81 to £67.32, primarily because of higher a
Read moreFriday broker round-up UPDATE
22nd Feb 2013 07:12
Antofagasta: RBC upgrades from underperform to outperform. Ashmore Group: Citigroup raises target price from 330p to 355p upgrading to neutral. JP Morgan ups target price from 361p to 413p and maintains a neutral rating. Babcock International: Citigroup revises target price from 965p to 1185p and
Read moreMillenium & Copthorne subsidiary to acquire land in Korea for 17m pounds
18th Jan 2013 07:32
Millenium & Copthorne Hotels has today announced that its wholly-owned subsidiary, CDL Hotels (Korea), has entered into a conditional sale and purchase agreement with Woo Yang Industrial Development to acquire land in Korea, for a cash consideration of KW29.5bn (around 17.23m pounds). The land, whi
Read moreThursday broker round-up UPDATE
22nd Nov 2012 07:19
Alternative Networks: Westhouse Securities downgrades from buy to add, target price of 280p kept. Babcock International: UBS downgrades from buy to neutral. Barr (AG): N+1 Singer raises target price from 402p to 525p and upgrades to buy. Belvoir Lettings: Seymour Pierce raises target price from 9
Read moreBroker tips: Weir, William Hill, Millennium & Copthorne
5th Nov 2012 10:57
Investec has put upgraded its forecasts for engineering group Weir after the firm's well-received third-quarter update on Monday. Investec has raised its 2012 adjusted PBT estimate by around 2% from £437m to £445, implying an earnings per share of around 151p. As such, target 1,850p target price is
Read moreBroker snap: Credit Suisse sees little upside at Millennium & Copthorne
5th Nov 2012 10:56
Credit Suisse has downgraded hotel group Millennium & Copthorne (M&C) from 'outperform' to 'neutral' given only seven per cent upside to its 546p target price. The company's third-quarter results announced last week may have been in line with expectations but Credit Suisse said there is "evidence o
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 close: Footsie struggles to hold on to gains after jobs data
2nd Nov 2012 16:42
- US jobs provide temporary boost, but gains trimmed - Data unlikely to change Fed's stance, says analyst - Financials Admiral and RBS disappoint While the closely-watched US jobs report provided a bit of a bounce in early afternoon trade, the Footsie had pared gains to finish flat by the close as
Read moreFTSE 250 movers: Shares in Bumi rocket on proposal news
2nd Nov 2012 16:23
Mining group Bumi advanced after saying it has appointed Rothschild Goup as its financial adviser with immediate effect to evaluate the proposal received from Long Haul Holdings. Shares in Dixons rose once again, boosted by the news that its main High Street rival, Comet, is likely to go into admi
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
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