London open: Footsie flat for second day, but CSR rockets
17th Jul 2012 08:36
- Eyes on Bernanke and hints on further stimulus - CSR jumps nearly 40 per cent after disposal - Wolseley sees 'challenging' Europe The FTSE 100 was flat on Tuesday morning following a subdued session the day before, as investors look ahead to a semi-annual monetary policy report from the US Federa
Read moreTuesday broker round-up
17th Jul 2012 08:15
ARM: Citigroup cuts target from 730p to 600p, buy recommendation maintained. AstraZeneca: Bernstein reduces target from 3,037p to 3,002p, market perform rating kept. Beazley: JP Morgan Cazenove raises target from 147p to 155p, neutral rating kept. Bodycote: JP Morgan Cazenove cuts target from 437
Read moreLondon midday: Footsie flat despite heavy falls for G4S and Barclays
16th Jul 2012 11:42
- Chinese economic concerns weigh on sentiment - ECB moves to make senior bondholders share burden - G4S, Barclays, Sage, National Grid lead the fallers on FTSE 100 UK stocks were trading broadly flat by Monday lunchtime, though sentiment had been dampened by concerns over the Chinese economy and c
Read moreBroker tips: G4S, National Grid, Sage
16th Jul 2012 11:31
Both UBS and Jefferies have downgraded their ratings for security solutions firm G4S following the news that the company expects to incur a 35-50m pound loss on its London Olympics contract. UBS has cut its recommendation from 'buy' to 'neutral' and slashed its target price from 330p to 280p, sayin
Read moreBroker snap: Nomura remains a buyer of National Grid
16th Jul 2012 10:51
Nomura has maintained its 'buy' rating and 730p target price for gas and electricity group National Grid despite Ofgem's proposals for the power and gas transmission (RIIO-T1) and gas distribution (RIIO-GD1) regulatory reviews for 2013-2021. National Grid said on Monday that the initial plans, whic
Read moreLondon open: China concerns dampen Footsie; G4S tanks
16th Jul 2012 08:35
- China's Wen dampens sentiment - Miners drop on Chinese worries, Nomura comments - G4S tumbles on Olympics contract loss estimates London's benchmark index opened slightly lower on Monday morning as comments from China's Premier weighed heavily on stocks in the mining sector. G4S also took a tumbl
Read moreNational Grid attacks Ofgem's network upgrade plan
16th Jul 2012 07:42
National Grid, Britain's biggest distributor of gas and electricity, has attacked the energy regulator Ofgem's plans for the upgrade of the UK's power network The FTSE 100 firm says the initial plans, which envisage up to £22bn of investment between 2013 and 2021, "differ substantially" from its o
Read moreSunday newspaper round-up: RBS, Glaxo, National Grid
15th Jul 2012 15:34
Two powerful private equity consortiums are secretly planning to bid for Direct Line, the giant insurer owned by Royal Bank of Scotland ? a move that would scupper a planned float. RBS is expected to push the button on a London listing of Direct Line in September. Two American buyout giants, Blackst
Read moreBroker tips: Glencore, Xstrata, Michael Page...
9th Jul 2012 11:08
Jefferies expects commodities marketer and producer Glencore to bump up its proposed merger ratio for Xstrata and says that following the stocks' recent underperformance, shares of both groups are now more attractively valued. "We continue to have a positive view on shares of BHP Billiton and Rio T
Read moreBroker snap: Nomura bearish on European utilities
9th Jul 2012 11:06
Nomura has retained its 'bearish' view on the European utilities sector, saying that there are downside risks to guidance across the industry. According to the broker's recent investor survey, some 70% of respondents see downside rise to 2013 earnings per share estimates. "With our bearish outloo
Read moreThursday broker round-up:
5th Jul 2012 08:06
Aquarius Platinum: Canaccord Genuity downgrades to hold. ARM Holdings: Jefferies maintains hold rating and 485p target. Ashmore: Citigroup cuts target from 400p to 350p, neutral rating kept. Babcock: Jefferies keeps buy recommendation and 970p target. Bellway: UBS raises target from 800p to 900p
Read moreNational Grid offloads New Hampshire divisions
4th Jul 2012 07:40
Electricity giant National Grid has completed the sale of its New Hampshire electric and gas distribution businesses, Granite State Electric Company and Energy North Natural Gas Inc. The company sold the units to Liberty Energy Utilities (New Hampshire) Corp, a subsidiary of Algonquin Power & Utili
Read moreLondon close: Eurozone uncertainties fuel risk aversion
25th Jun 2012 16:43
- Cautious mood ahead of EU summit - Spain officially asks for EU aid - Shire finishes down 11 per cent on generic competition issues Mining stocks were dragging London's FTSE 100 sharply lower on Monday, as investors sold off 'riskier' assets. However, it was Shire that finished the day as the wor
Read moreFTSE 100 movers: Shire dives on rival application
25th Jun 2012 13:59
Shares in pharmaceutical giant Shire tanked after the US Food and Drug Administration approved a rival's application to make a generic version of its attention deficit and hyperactivity disorder (ADHD) drug, Adderall XR. IAG was also out of favour on reports that nationalised Spanish bank Bankia a
Read moreSales for both Ffastfill and National Grid directors
18th Jun 2012 16:25
The Corporate Development Director of Ffastfill, has sold 1.383m shares in the firm just a fortnight after the company posted a drop in pre-tax profits. Nigel Hartnell ditched the shares for 13.50p a pop, pocketing £186,705 in the process. Revenue for the full year rose from £15.5m to £17.2m, bu
Read more