Thursday broker round-up UPDATE
25th Sep 2014 08:48
Amec: UBS raises target price from 1100p to 1215p upgrading from neutral to buy. Aquarius Platinum: Citi lowers target price from 26p to 22p maintaining a neutral rating. Arrow Global: Panmure Gordon ups target price from 335p to 360p and keeps a buy recommendation. Barr (AG): Numis ups target pri
Read moreLondon open: Stocks edge higher ahead of FOMC, BoE minutes
17th Sep 2014 08:20
UK stocks edged higher on Wednesday morning after a positive session on Wall Street, though gains were only modest ahead of the hotly-anticipated Federal Open Market Committee (FOMC) statement and Bank of England minutes. London's FTSE 100 was trading 0.2% higher at 6,805 in early deals, after settl
Read moreBroker tips: Morrisons, Tesco, IAG, Ryanair, Melrose
28th Aug 2014 12:18
Shares of rival supermarket chains Wm Morrison and Tesco were heading in opposite directions on Thursday after Deutsche Bank upgraded its rating for the former and downgraded the latter. The bank lifted Morrisons from 'sell' to 'hold' and kept its 190p target price after an 8% share-price underperf
Read moreCanaccord hails "rock solid" results at Melrose
28th Aug 2014 11:00
Melrose delivered "rock solid" interims, according to Canaccord Genuity which maintained a 'buy' rating and 400p target price for the industrial investment group. The company, which invests and turns around underperforming manufacturing businesses through its 'buy, improve, sell' model, reported op
Read moreThursday broker round-up UPDATE
28th Aug 2014 09:24
Antofagasta: Investec lowers target price from 720p to 719p and retains a sell recommendation. Arrow Global: Canaccord Genuity moves target price from 318p to 325p and keeps a buy recommendation. Numis downgrades from buy to add with a target price of 285p. Balfour Beatty: Berenberg moves target p
Read moreElster drives margin growth at Melrose in H1
28th Aug 2014 07:49
- Revenues fall 11% due to stronger pound - Elster helps profits beat forecasts - Dividend raised to 2.8p from 2.75p Despite a stronger pound weighing on its top line, industrial investment firm Melrose beat forecasts with its first-half profits, helped by a strong performance from its largest divi
Read moreNMC Health CEO and founder buys 10m shares
30th Jun 2014 16:10
United Arab Emirates-based NMC Health saw its shares jump on Monday after its Chief Executive Officer and founder, B.R. Shetty, purchased 10m shares from its largest shareholder, H.E. Al Qebaisi. The 500p-a-share deal increased his holding to 47.74m, equal to a 25.71% stake in the integrated priva
Read moreFTSE 100 movers: Wolseley rises on strong Q3 sales
3rd Jun 2014 15:21
Currency movements put a dampener on third-quarter results at heating and plumbing products group Wolseley, but strong growth in the US and Nordic regions drove an acceleration in like-for-like sales to 5.1%, helping shares to rise strongly throughout today's session. Packaging and paper company M
Read moreLondon close: Footsie reaches 14-year high despite investor caution
13th May 2014 16:59
- FTSE 100 near record highs - Housing stocks lifted by Taylor Wimpey comments - easyJet, TUI Travel and LSE fall - Global investors underweight UK equities for a second month techMARK 2,804.22 +0.35% FTSE 100 6,873.08 +0.31% FTSE 250 16,038.89 +0.36% UK stocks managed a slightly stronger close on
Read moreBroker tips: easyJet, Babcock, Melrose, Taylor Wimpey
13th May 2014 12:35
Shares in easyJet were flying firmly lower on Tuesday morning after the airline underwhelmed with a seemingly in-line first-half report. Panmure Gordon maintained a 'hold' rating and 1,800p target price for the stock. "Whilst we remain hugely optimistic about the long-term prospects of this busines
Read moreKillik highlights buying opportunity at Melrose
13th May 2014 12:18
Killik & Co has highlighted a buying opportunity for investors at Melrose after a 'reassuring update' from the industrial conglomerate on Tuesday. The company said that trading in the first quarter was in line with full-year expectations despite mixed end markets and increasing currency headwinds.
Read moreTuesday broker round-up UPDATE
13th May 2014 09:08
Aberdeen Asset Management: Espirito Santo ups target price from 514p to 550p maintaining its buy recommendation. Asia Resource Minerals: JP Morgan starts with a target price of 210p and a neutral rating. Babcock International: Credit Suisse initiates with a target price of 1350p and an outperform
Read moreLondon open: UK stocks rise to 14-year highs
13th May 2014 08:31
- FTSE 100 at highest in 14 years - Melrose, housing and mining stocks gain - Travel peers easyJet and TUI Travel fall techMARK 2,809.05 +0.52% FTSE 100 6,875.58 +0.35% FTSE 250 16,103.60 +0.77% UK markets rose to their highest levels since early 2000 on Tuesday morning, helped by decent gains fro
Read moreMelrose encouraged despite worsening in FX rates - UPDATE
13th May 2014 07:08
- Significant and consistent revenue growth 'hard to achieve'. - Currency headwinds increase - Order intake up three per cent - Results to be second half-weighted Manufacturing conglomerate Melrose said trading in the first quarter was in line with expectations but gave a cautious outlook, saying t
Read moreLondon close: Stocks finish on upbeat note
16th Apr 2014 16:59
- FTSE closes up 42.56 points at 6,584.17 - UK unemployment data drops to 6.9 per cent - US industrial production rises more than expected techMARK 2,651.59 +0.79% FTSE 100 6,584.17 +0.65% FTSE 250 15,745.98 +1.00% A strong finish to today's session put an end to the recent pattern of losses among
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