Sector movers: SSE lifted by Morgan Stanley upgrade
20th Mar 2014 15:42
The Electricity sector crackled higher on Thursday, led by Scottish utility SSE. The FTSE 100 energy supplier was given a double upgrade by Morgan Stanley from 'underweight' to 'overweight' with its price target lifted to 1,735p. The group's shares fell 3.1% to 1,482p. Paper and packaging giant
Read moreFTSE 100 movers: SSE rises on rating upgrade
20th Mar 2014 15:02
Electricity provider SSE was in the top spot after receiving a ratings upgrade from Morgan Stanley. Next was on the up after the High Street retailer reported annual profit that met the top end of its guidance, driven by growth in online sales. The company achieved an 11.8% rise in pre-tax profit
Read moreHangar 8 Chief sells shares to meet institutional demand
14th Mar 2014 15:59
Dustin Dryden, Chief Executive Officer of Hangar 8, a European operator of privately-owned passenger jet aircraft, has this week sold half a million shares on the back of institutional demand for stock, the group revealed Friday. The demand follows the company's half-year results issued Wednesday,
Read moreBroker tips: Mondi, AB Foods, Centrica, Taylor Wimpey
10th Mar 2014 12:05
Citigroup has upgraded its rating for Mondi from 'neutral' to 'buy' and raised the target price from 1,110p to 1,260p, saying it sees "another strong year ahead" for the paper and packaging group. "Mondi continues to deliver strong earnings driven by improvements in costs, acquisitions and volume g
Read moreLondon midday: Stocks edge higher despite weak Asian data
10th Mar 2014 11:40
- Mining stocks pare losses after Asian data - China registers surprise trade deficit - Japan GDP revised lower - Vodafone raising offer for Ono, reports say techMARK 2,863.88 +0.14% FTSE 100 6,724.00 +0.17% FTSE 250 16,590.48 +0.19% UK markets edged higher on Monday as bargain hunters stepped in
Read moreCiti upgrades Mondi to 'buy' on compelling valuation
10th Mar 2014 09:15
Citigroup has upgraded its rating for Mondi from 'neutral' to 'buy' and raised the target price from 1,110p to 1,260p, saying it sees "another strong year ahead" for the paper and packaging group. "Mondi continues to deliver strong earnings driven by improvements in costs, acquisitions and volume g
Read moreMonday broker round-up UPDATE
10th Mar 2014 08:43
African British Foods: UBS raises target price from 2890p to 3300p and keeps a buy recommendation. BBA Aviation: Citi ups target price from 335p to 385p and reiterates a buy recommendation. Capita Group: Liberum Capital increases target price from 880p to 1100p upgrading to hold. Centrica: Credit
Read moreLondon open: Markets flat as miners fall after poor data from Asia
10th Mar 2014 08:17
- China registers surprise trade deficit, CPI eases - Japan GDP revised lower - Mining stocks limit upside for FTSE - Mondi upgraded to 'buy' by Citigroup techMARK 2,863.34 +0.12% FTSE 100 6,716.76 +0.06% FTSE 250 16,578.93 +0.12% UK markets opened broadly flat on Monday morning after a surprise t
Read moreAdmiral Chairman reduces interest after wife makes share sale
6th Mar 2014 15:50
The wife of the Chairman of Admiral this week sold 1.2m pounds-worth of shares on the same day the insurance giant cheered with an in-line set of full-year results. The 1,500p-a-share sale reduced Alastair Lyons's interest by 80,000 shares to 312,152. The disposal took advantage of the recent ri
Read moreTravis Perkins Chief celebrates retirement and birthday with share sale
3rd Mar 2014 15:57
UK builder Travis Perkins on Monday announced that its soon-to-retire former Chief Executive Officer (CEO), Geoff Cooper, has sold a number of shares ahead of his official departure on Thursday, his 60th birthday. Cooper, who is staying with the company to remain as a part time senior management a
Read moreMonday broker round-up UPDATE
3rd Mar 2014 08:21
African Barrick Gold: Citi increases target price from 120p to 179p, but still recommends selling. African Minerals: Citi cuts target price from 300p to 260p leaving its buy recommendation unchanged. Aggreko: Deutsche Bank reduces target price from 1870p to 1400p and downgrades to hold. Anglo Ame
Read moreLondon close: Flat finish for FTSE in data heavy session
28th Feb 2014 16:30
- FTSE closes flat, down 28 points on the week - Feb UK house prices climb - UK consumer confidence at six-year high - Eurozone's unemployment unchanged at 12 per cent techMARK 2,904.71 +0.09% FTSE 100 6,809.70 -0.01% FTSE 250 16,726.00 +1.23% UK stocks ended the final session of the week flat as
Read moreFTSE 100 movers: Old Mutual climbs on strong 2013 performance
28th Feb 2014 15:03
Financial services group Old Mutual climbed after revealing that its underlying activities had performed strongly in 2013. Old Mutual, which owns pension provider Skandia, unveiled adjusted operating profit of £1.6bn, similar to last year in reported currency but up 15% at constant currency. Mon
Read moreSector movers: Paper stocks push FTSE 100 higher
28th Feb 2014 15:01
Mondi led forestry and paper stocks higher after reporting a surge in annual profit, driven by low costs and exposure to higher growth markets. The paper and packaging company posted a 36% rise in pre-tax profit to €499m and a 12% increase in revenue to €6.47bn. Jefferies reiterated a 'buy' rating
Read moreLondon midday: Euro and sterling spike higher after Eurozone CPI data
28th Feb 2014 11:48
- Eurozone CPI above forecasts - Euro and sterling spring higher - ECB policy move still expected by some techMARK 2,897.87 -0.15% FTSE 100 6,791.71 -0.27% FTSE 250 16,585.42 +0.38% Stocks are holding slightly in negative territory as investors digest a surprisingly solid reading on Eurozone consu
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