Thursday broker round-up
12th Apr 2012 09:30
African Minerals: Jefferies keeps buy rating and 1,100p target. Aggreko: Investec maintains buy rating. Cairn Energy: Nomura cuts target from 500p to 434p, buy rating kept. Faroe Petroleum: Nomura cuts target from 213p to 209p, buy rating kept. FirstGroup: Jefferies downgrades from buy to hold,
Read moreMondi tightens hold on Mondi Swiecie
11th Apr 2012 14:11
Mondi, the FTSE 250 paper and packaging firm, has reported that its cash public tender offer, made in February and later revised in April, to purchase over 13m in Mondi Swiecie has been successful. The acquisition of an additional 27.2% of the issued share capital of Mondi Swiecie has raised the
Read moreGalliford Try CEO buys shares while his other firm sells
13th Mar 2012 16:13
Greg Fitzgerald, the Chief Executive of Galliford Try, the FTSE 250 housebuilding and construction firm, has topped up his stake in the company. The director bought almost £50,000-worth of shares in the firm at the same time Crownway Builders, a company in which Fitzgerald owns 37.5%, sold off mor
Read moreGalliford Try Finance Director sells half his stake
24th Feb 2012 15:30
Galliford Try's Finance Director has made the most of recent gains on the stock's share price, selling more than half his stake in the firm. Frank Nelson disposed of 85,000 shares in the housbuilding and construction firm for 547.70p each, earning himself a total of £465,545 and leaving him with 7
Read moreFriday broker round-up - UPDATE
24th Feb 2012 09:36
Lloyds Banking Group: Nomura keeps reduce rating and 35p target; Credit Suisse keeps neutral rating and 33p target. Royal Bank of Scotland: Nomura reiterates reduce recommendation and 26p target. RSA Insurance: Nomura downgrades from buy to neutral, target reduced from 148p to 120p; UBS keeps long
Read moreMondi makes a bundle
23rd Feb 2012 12:25
The paper and packaging firm Mondi saw a leap in pre-tax profits in 2011, despite a difficult second half as the firm's markets were hit by economic uncertainty. Profit before tax rose 37.2% to a record €457m, from €333m the previous year. Revenues were up 2.3% from €5,610m to €5,739m. Basic ea
Read moreMondi offers to package up Polish arm
16th Feb 2012 09:14
The paper and packaging firm Mondi is aiming to buy out the minority interest in its Polish operation Mondi Swiecie. If the company can persuade all the outstanding shareholders to sell their stakes the deal will cost around €280m. The all cash offer of €16.48 per share is being made at a premium
Read moreLondon close: Stocks finish lower on macro concerns
14th Feb 2012 16:24
-Banks, miners weigh on Footsie. -Markets digest sovereign downgrades from Moody's. -Investors await Eurogroup meeting tomorrow. UK stocks finished in the red on Tuesday as concerns over the state of the Eurozone continued to weigh on sentiment. Trade was volatile as mid-morning gains on the back o
Read moreSector movers: Miners fall as a stronger dollar dampens metals prices
14th Feb 2012 14:46
Miners were the worst fallers of the day following Moody's mass downgrade of Eurozone nations. Ratings agency Moody's Investors Service last night downgraded six European sovereigns, Italy, Malta, Portugal, Slovakia, Slovenia and Spain, "in order to reflect their susceptibility to the growing finan
Read moreFTSE 250 movers: Mondi tops the charts
14th Feb 2012 14:08
Paper and packaging group Mondi raced into the top spot after saying underlying profit for the fourth quarter of 2011 is expected to be on a par with the corresponding quarter of 2010. Software group Misys was climbing amid reports that it has gained interest from various buyout groups. Speculato
Read moreLondon midday: German ZEW survey provides a boost to UK stocks
14th Feb 2012 11:48
- German ZEW expectations index swings into positive territory. - Moody's downgrades six nations, cuts outlook for three others to negative. - Bunzl, Barclays higher after broker upgrades. After an initial slump on the back of a mass downgrade of European sovereigns by Moody's, a sharp rise was rec
Read moreLondon open: Moody's dampens sentiment early on
14th Feb 2012 08:55
- Moody's downgrades six nations, three ratings outlooks cut to negative. - Miners provide a drag in London. News that Moody's had downgraded its ratings on several Eurozone nations and revised its outlook on others, including the UK, weighed on the Footsie in early trading on Tuesday. Miners were
Read moreRepeat fourth quarter performance for Mondi
14th Feb 2012 07:17
Dual-listed paper and packaging group Mondi said underlying profit for the fourth quarter of 2011 is expected to be on a par with the corresponding quarter of 2010. This follows a third quarter in which underlying profit, at €136m, was well up year-on-year but which was down from the second quarter
Read moreUPDATE: Tuesday broker round-up
1st Nov 2011 09:33
Man Group: Credit Suisse reiterates outperform rating and 235p target. Barclays: UBS downgrades from buy to neutral, target raised from 208p to 215p. Barclays: Investec keeps buy rating and 330p target. Legal & General: Nomura keeps buy rating and 180p target. Legal & General: Investec keeps sel
Read moreMondi builds on profit
31st Oct 2011 08:05
Paper and packaging firm Mondi pushed through underlying profit of €136m in the third quarter, well above the same period a year earlier but down from €175m in the previous quarter. "This performance reflects the impact of the planned third quarter maintenance shuts, estimated to have negatively af
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