Thursday broker round-up UPDATE
10th Jan 2013 07:10
Afren: Morgan Stanley takes target price from 215p to 220p and reiterates an overweight rating. Alent: Bank of America starts with a target price of 370p and a buy recommendation. Associated British Foods: Goldman Sachs moves its target price from 1160p to 1190p and maintains a sell rating. AVEVA
Read moreMonday broker round-up UPDATE
19th Nov 2012 07:34
Aquarius Platinum: Nomura raises target price from 35p to 95p and upgrades from neutral to buy. Associated British Foods; Societe Generale upgrades to buy from hold. Atkins: Jefferies reduces target price from 850p to 800p, buy recommendation reiterated. Aveva: Panmure Gordon reduces target price
Read moreLondon close: Footsie closes at worst levels since July
16th Nov 2012 16:37
- Stocks shaken by Middle-East tensions, reports of oil rig fire - US lawmakers class 'cliff' discussions as 'constructive' - Greek haircut worries dent sentiment The FTSE 100 sunk to its lowest level since July on Friday as rising tensions in the Middle East, Eurozone debt concerns and the worries
Read moreSector movers: Melrose takes down engineering sector
16th Nov 2012 15:47
The industrial engineering sector was firmly in the red on Friday afternoon as a heavy fall from Melrose outweighed a good performance from peers IMI and Rotork. A red flag was raised this morning at industrial turnaround specialist Melrose, with the group saying some of its businesses have seen a
Read moreFTSE 100 movers: IMI climbs on upbeat report
16th Nov 2012 15:27
Engineering giant IMI gained after saying that second-half trading has been in line with expectations so far in spite of some expected weakness in the Fluid Power division. Serco rose strongly after it delivered the anticipated pick-up in performance in the second half and said it is on track to m
Read moreLondon midday: Footsie nears four-month low
16th Nov 2012 11:34
- Footsie near levels not seen since end of July - 'Fiscal cliff' and Greek uncertainty clouds the markets - Melrose drops 13 per cent After a fairly subdued start, UK stocks had sunk firmly into negative territory for the third straight day, owing to some heavy falls from Melrose, the banks and re
Read moreBroker tips: BP, Melrose, Morrison
16th Nov 2012 11:32
Nomura has maintained its 'neutral' rating and 455p target price for oil giant BP following Thursday's 4.5bn-pound settlement with US regulators. The broker said that in order to become more positive on BP, it would need to see a greater evidence of an "operational and financial turnaround". "An u
Read moreBroker snap: Investec cuts forecasts for Melrose on short-term caution
16th Nov 2012 11:18
Investec has pared its target price for industrial group Melrose after Friday's disappointment, but has reiterated its 'buy' rating for the stock, saying that the long-term outlook for the business is positive. Melrose announced that it had traded in line with expectations since the first half but
Read moreLondon open: Stocks flat ahead of US budget talks
16th Nov 2012 08:27
The UK benchmark index opened flat on Friday morning as investors turn to the US where President Barack Obama is to hold budget talks in Congress to discuss the impending 'fiscal cliff'. The Footsie finished yesterday's session at 5,678, its lowest closing value since September 5th when it finished
Read moreFriday broker round-up -UPDATE
16th Nov 2012 07:22
Anglo American: Deutsche Bank cuts target price from 2600p to 2520p and reiterates a buy rating. Atkins: JP Morgan Cazenove reduces target price from 862p to 859p, overweight rating maintained. Bodycote: Investec raises target price from 400p to 410p, buy recommendation remains unchanged. Brammer
Read moreLondon pre-open: FTSE set to edge lower in early trading
16th Nov 2012 07:14
City sources predict the FTSE 100 will open down three points from yesterday's close of 5,678, as investors process the news that the Eurozone has re-entered recession, and worries over the looming 'fiscal cliff' persist. The US President is meeting with Democratic and Republican congressional lea
Read more2013 sales outlook clouds over at Melrose
16th Nov 2012 07:13
A red flag has been raised at industrial turnaround specialist Melrose, with the group saying some of its businesses have seen a slow-down in business in recent weeks. Notwithstanding the above, the group is trading in line with expectations. Stripping out the contribution from the recently acquire
Read moreSunday share tips: Melrose, Raven Russia, Consort Medical
2nd Sep 2012 19:02
Melrose, the industrial turnaround group, saw profits fall in the first half, but this was down to costs involved in a big acquisition. The company has a model similar to private equity - it buys struggling businesses and improves them, before selling them on at a profit. The current order book stan
Read moreThursday broker round-up
30th Aug 2012 09:35
Admiral: Nomura keeps buy rating and 1,300p target. Antofagasta: Jefferies raises target from 1,050p to 1,200p, hold rating kept. APR Energy: Investec upgrades from hold to buy, target cut from 1,100p to 950p. Cape: Investec maintains buy recommendation and 300p target. Consort Medical: N+1 Brew
Read moreMelrose confident about future prospects
30th Aug 2012 07:10
Industrial turnaround specialist Melrose reported increased earnings for the half year and said while economic conditions are difficult to predict, it is confident it is in a good position to benefit from market opportunities. Melrose, which buys underperforming manufacturing businesses, turns them
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