Tuesday broker round-up UPDATE
21st May 2013 07:12
Antofagasta: Canaccord Genuity reduces target price from 1065p to 1040p, while leaving its hold recommendation unchanged. Barratt Developments: Goldman Sachs takes target price from 351p to 371p maintaining a buy recommendation. Big Yellow Group: Investec increases target price from 370p to 430p a
Read moreMondi CFO sells 30,000 shares
10th May 2013 16:02
The Chief Financial Officer of Mondi, Andrew King, has sold 30,000 shares in the in the packaging and paper company. King, who was appointed in 2008, bought the shares at 881.35p a go, costing a total of £264,405. The sale was announced once week after the company said profits in the first quart
Read moreTuesday broker round-up UPDATE
7th May 2013 07:18
Admiral Group: JP Morgan reduces target price from 1246p to 1108p downgrading to underweight. Afren: Deutsche Bank lowers target price from 165p to 150p, while leaving its buy recommendation unchanged. Investec ups target price from 138p to 160p and upgrades from hold to buy. Betfair Group: Numis
Read moreMondi Group's first quarter profits rise
3rd May 2013 11:03
Mondi Group saw profits in the first quarter rise on the previous year driven by improved market conditions in its packaging paper and South African businesses. The packaging and paper group reported an underlying operating profit of €162m for the first three months of the year, a 35% increase on t
Read moreTuesday broker round-up UPDATE
16th Apr 2013 07:33
Aberdeen Asset Management: Citigroup ups target price from 430p to 455p retaining a neutral rating. Associated British Foods: Credit Suisse moves target price from 1650p to 1850p, but downgrades from outperform to neutral. AZ Electronic Materials: Espirito Santo initiates with a target price of 40
Read moreThursday broker round-up UPDATE
4th Apr 2013 07:32
Aviva: Bank of America cuts target price from 350p to 335p, while its neutral rating remains unchanged. Barratt Developments: Credit Suisse revises target price from 223p to 317p, while staying with its neutral rating. Bellway: Credit Suisse moves target price from 1202p to 1639p and leaves its ou
Read moreXP Power Chairman sells 120,000 shares after results disappoint
26th Feb 2013 16:28
The Chairman of XP Power, Larry Tracey, sold 120,000 shares in the group on Monday, disposing of them for 1,080p a time. The transaction earned the director just short of £1.3m and reduced his stake to 1.28m shares. On Monday the group posted a 9.0% decline in revenue for the year ended December
Read moreMonday broker round-up UPDATE
25th Feb 2013 07:26
Afren: Canaccord Genuity increases target price from 160p to 200p and reiterates a buy recommendation. Antofagasta: Bank of America upgrades to buy with a target price of 1400p. Ashmore Group: Espirito Santo shifts target price from 364p to 368p and maintains a neutral rating. ASOS: Deutsche Bank
Read moreNew Premier Foods CEO opens account
22nd Feb 2013 16:09
Gavin Darby, the new Chief Executive Officer of Premier Foods, purchased 0.7m pounds-worth of shares on Thursday, the same day the debt-laden food manufacturer posted an increase full year underlying trading profit. The CEO, who was appointed to the role last month, bought 750,268 shares at 93.30p
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 moreLondon open: Stocks pull back after Fed questions QE
21st Feb 2013 08:23
After hitting highs not seen since January 2008 yesterday, the FTSE 100 pulled back on Thursday morning as minutes from the latest Federal Reserve meeting showed that some policy-makers have begun to question current quantitative easing (QE) measures in the States. Stocks were boosted on Wednesday
Read moreThursday broker round-up UPDATE
21st Feb 2013 08:02
Aberdeen Asset Management: Citigroup takes target price from 400p to 430p and stays with its neutral rating. Admiral Group: JP Morgan starts with a target price of 1246p and a neutral rating. Anglo American: Jefferies increases target price from 2050p to 2450p and upgrades from hold to buy. Aviva
Read moreFull year pre-tax profit falls 19 per cent at Mondi
21st Feb 2013 07:50
Profit before tax contracted 19 per cent to 371m euros in the full year ending December 31st at paper and packaging group Mondi, an interim management statement has shown. Group revenue rose 1.0% to €5.8bn while underlying operating profit dropped 9.0% to €568m. Basic earnings per share slid 3.0%
Read moreTuesday broker round-up UPDATE
19th Feb 2013 07:30
Admiral Group: Investec takes target price from 570p to 582p, but still recommends selling. Advanced Medical Solutions: Investec upgrades from hold to buy with a target price of 68p. African Barrick Gold: Canaccord Genuity reduces target price from 360p to 305p keeping a hold rating. Anglo Americ
Read moreLondon midday: Banks pull Footsie into positive territory
12th Feb 2013 11:47
Stocks had pulled into positive territory by Tuesday lunchtime helped by strength in the banking sector as full-year results and the outcome of a strategic review at Barclays were well-received by the markets. Providing some support this morning was the news that credit ratings agency Standard & Po
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