Wednesday broker round-up UPDATE
9th Jan 2013 09:11
African Barrick Gold: Deutsche Bank reduces target price from 520p to 490p and reiterates a hold recommendation. Nomura cuts target price from 525p to 435p and downgrades from buy to neutral. African Minerals: Deutsche Bank increases target price from 606p to 620p and maintains a buy rating. AMEC:
Read moreBroker tips: Construction stocks, Morrison, ARM Holdings
8th Jan 2013 13:09
Analysts at Deutsche Bank have today delivered a glowing review of the prospects for the UK's homebuilders, in turn raising their price targets on all of the companies within their universe. Thus, they explain that, "through 2012 the UK house builder sector re-rated, moving from 0.69 times 2012 Ne
Read moreBroker snap: Credit Suisse cuts its target on Morrison
8th Jan 2013 12:35
Morrison did not warn as some feared. That said, "we think the company remains cautious, and we are adopting a similar tone with both our estimates and target price," analysts at Credit Suisse wrote on Tuesday. Weak Christmas/New Year ex-fuel like-for-like (LFL) sales of -2.5% were disappointing a
Read moreTuesday broker round-up UPDATE
8th Jan 2013 07:19
Anglo American: Deutsche Bank reduces target price from 2270p to 2230p and maintains its buy recommendation. Aquarius Platinum: Deutsche Bank ups target price from 73p to 76p, while the buy rating remains unchanged. ARM Holdings: Credit Suisse raises target price from 645p to 780p and reiterates a
Read moreTuesday newspaper round-up: Diageo, British Gas, Banco de Valencia...
8th Jan 2013 07:00
Diageo's public offer to buy a stake in India's United Spirits is facing delays as it awaits regulatory approvals, it emerged yesterday. The drinks giant had agreed in November to pay 1.3 billion pounds for a 53.4 per cent stake in United Spirits under a two-stage process including a mandatory tende
Read moreLondon close: Markets shrug off decent showing by banks
7th Jan 2013 16:35
- Traders take profits after recent surge - European banks on Basel III developments - Investors looking ahead to central bank decisions After registering impressive gains last week, stocks across Europe pulled back on Monday with investor taking profits as fourth-quarter earnings season gets into
Read moreLondon midday: Traders take profits after recent surge
7th Jan 2013 11:41
Strong gains in the banking sector weren't enough to lift the FTSE 100 into positive territory on Monday morning, as London's benchmark index pulled back from its near two-year high on Friday. "Stock markets in Europe have surrendered early morning slim gains as the temptation to book profits on ma
Read moreBroker tips: Morrisons, Debenhams, Renishaw
7th Jan 2013 10:45
Seymour Pierce has reduced its target price for supermarket giant Morrisons from 250p to 230p and retained its 'reduce' rating for the stock following a 'disappointing' Christmas. "Despite soft comparables, Morrisons has had another difficult Christmas showing that management's more aggressive prom
Read moreBroker snap: Seymour Pierce slashes target for Morrisons
7th Jan 2013 09:11
Seymour Pierce has reduced its target price for supermarket giant Morrisons from 250p to 230p and retained its 'reduce' rating for the stock following a 'disappointing' Christmas. "Despite soft comparables, Morrisons has had another difficult Christmas showing that management's more aggressive prom
Read moreLondon open: Footsie pulls back despite strong showing by banks
7th Jan 2013 08:15
After hitting a near two-year high the previous trading session, profit-taking meant that the FTSE 100 opened slightly lower on Monday morning. This was despite relative strength in the banking sector on the back of some better-than-expected news on regulation. The FTSE 100 finished Friday at 6,090
Read moreLondon pre-open: Little change expected on FTSE
7th Jan 2013 07:26
City sources predict the FTSE 100 will open down one point from Friday's close of 6,090, ahead of this week's collection of retail results. Sainsbury, Tesco, and Marks & Spencer are all set to deliver their results this week, although brokers have warned it has been a tough Christmas and overall f
Read moreMorrisons reports disappointing sales - UPDATE
7th Jan 2013 07:08
Wm Morrison reported it had missed sales targets in the run up to Christmas as the supermarket's promotions and marketing failed to pull in customers. The retailer said the shaky performance meant full year performance would be "broadly in line with...expectations". The group, which recently annou
Read moreMonday newspaper round-up: Basel requirements, Rolls-Royce, Anglo American...
7th Jan 2013 07:02
The heads of the world's top regulators and central banks yesterday approved plans to require banks to hold significantly higher levels of liquid assets in order to reduce the chances of a repeat of the 2008-09 financial crisis. But in an apparent response to financial sector lobbying, they also rel
Read moreSunday newspaper round-up: RBS, Britain´s AAA, Centrica
6th Jan 2013 21:13
JC Flowers, headed by former Goldman Sachs banker Chris Flowers, is planning an ambitious move into the banking mainstream. It has teamed up with Apollo, one of the world´s largest buy-out houses, to bid for 316 Royal Bank of Scotland branches put back up for sale in October after a proposed deal wi
Read moreLondon close: FTSE 100 cracks 6,000 after US budget deal
2nd Jan 2013 16:30
- Footsie surges 2.2 per cent - Global stock markets rally, helped by manufacturing figures - Miners benefit from increased risk appetite The FTSE 100 surged past the psychologically-important level of 6,000 on Wednesday as stock markets across the globe celebrated the last-minute deal by US politi
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