Friday broker round-up UPDATE
6th Sep 2013 08:01
Antofagasta: Canaccord Genuity lowers target price from 1035p to 1020p, while leaving its buy recommendation unchanged. Ashmore Group: Canaccord Genuity downgrades from buy to hold with a target price of 380p. Associated British Foods: Societe Generale upgrades to hold with a target price of 1900p
Read moreLondon pre-open: Stocks to fall ahead of key US jobs report
6th Sep 2013 07:34
Markets are expected to open lower on Friday morning as investors adopt a cautious approach ahead of the all-important US jobs report, with a recovery in the labour market seen as a deciding factor in the Federal Reserve's impending withdrawal of stimulus. City sources predict the FTSE 100 will ope
Read moreMatchtech expands tech recruitment through bolt-on acquisition
6th Sep 2013 07:24
Matchtech, the AIM-listed engineering staffing firm, is said to be expanding its services through the acquisition of Provanis, a niche technology recruitment business. Application Services, which trades as Provanis, will be bought for a cash consideration of £4m funded from Matchtech's existing len
Read moreThursday broker round-up UPDATE
8th Aug 2013 07:10
Aquarius Platinum: Investec places its target price (prev.: 46p) under review, while keeping its hold recommendation. Avocet Mining: Canaccord Genuity upgrades from sell to hold with an unchanged target price of 112p. BBA Aviation: Citi raises target price from 292p to 335p reiterating a buy recom
Read moreQualye Munro director buys 3.3 per cent stake ahead of de-listing
16th Jul 2013 16:14
Glen Lewy, a Non-Executive Director of corporate financial advisory firm Qualye Munro bought a big stake in the company ahead of its proposed de-listing from AIM. Qualye Munro, which first debuted on the London Stock Exchange in 1993, set out proposals last week to cancel the trading of its shares
Read moreFriday broker round-up UPDATE
12th Apr 2013 07:25
Aggreko: Panmure Gordon raises target price fro, 1727p to 2106p and upgrades from hold to buy. Alternative Networks: Westhouse Securities moves target price from 280p to 295p and reiterates a neutral rating. Investec raises target price from 330p to 350p maintaining a buy recommendation. Finncap in
Read moreMatchtech secures contract extension with Xchanging Procurement Services
14th Mar 2013 08:57
AIM-listed specialist engineering, technology and professional staffing group Matchtech has signed a contract extension and announced a new contract win. The group reported an extension of its contract with business process outsourcer Xchanging Procurement Services and its client BAE Systems until
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 moreMatchtech engineering strong growth
4th Oct 2012 08:50
Specialist recruiter Matchtech is seeing strong across-the-board demand for contractors from engineering companies. Pre-tax profits for the year ending July 31st rose 25% to £8m on revenues of £371.4m, up 23% on the previous year. This was driven by what the company described as "unprecendented" de
Read moreThursday broker round-up - UPDATE
4th Oct 2012 07:57
BHP Billiton: Morgan Stanley cuts target from 2,180p to 2,100p, overweight rating kept. BTG: Deutsche Bank raises target from 384p to 394p, buy rating kept. Capita: Panmure Gordon keeps hold rating and 620p target. Carillion: Seymour Pierce keeps buy rating and 395p target; Panmure Gordon maintai
Read moreTemp demand drives Matchtec profits
11th Apr 2012 08:36
Recruitment agency Matchtec saw profits rise 39 per cent in the first half of the financial year as companies clamoured for its contractors. In the six month to the end of January the firm had a record number of contractors on placement, up 23% on the year before to 6,400. This helped push revenue
Read moreWednesday preview: Michael Page, Matchtech, beige book
10th Apr 2012 15:53
Recruitment firm Michael Page is set to give an update on first quarter trading on Wednesday and broker Panmure Gordon reckons the mood will be sombre, given the prevailing economic environment. "Trading may well have stabilised in markets such as the UK, though we remain more concerned that larger
Read moreFriday tips round-up: Victrex, Balfour Beatty, Armour
8th Apr 2011 06:29
Victrex does nothing but polyether ether ketone, helpfully shortened to Peek. The group's factory near Blackpool produces the hard-wearing polymer in a vast array of shapes, sizes and varieties for use in everything from aircraft and electronics to artificial hip joints and vertebrae. Victrex has ba
Read moreMatchtech increases headcount, reducing profit before tax
7th Apr 2011 16:30
Technical staff provider Matchtech, one of the UK's leading recruitment solutions specialists today announced a 13% rise in its half year revenues, to 141.1 million pounds (2010: £125.4m). Its profit before tax, however, was reduced to £2.3m (2010: £4.4m), reflecting accelerated headcount investmen
Read moreLondon close: FTSE 100 soars as Egypt worries ease
1st Feb 2011 16:51
Well-received company updates, strong economic figures here and elsewhere and an easing of worries related to the situation in Egypt helped UK shares to strong gains. Miners led the advance, after strong growth in manufacturing in commodity hungry China in January. The UK, eurozone and US also had
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