Thursday broker round-up
28th Jun 2012 10:24
3i Group: Citigroup upgrades to buy, target lifted from 215p to 220p. Abcam: Investec upgrades to buy, target lifted from 349p to 466p; Peel Hunt raises target from 440p to 480p, buy rating unchanged. bwin.party: UBS cuts target from 165p to 125p, neutral rating unchanged. Cookson: UBS cuts targe
Read moreThursday tips round-up: Petrofac, Northgate
28th Jun 2012 07:02
In the Telegraph, Questor is cautious on the oil and gas engineering services firm Petrofac. Its long term prospects look good, but the price of oil has been falling, which has knocked Petrofac's share price. Clients also seem to be taking rather a long time to fully commit to contracts. With that i
Read moreWednesday broker round-up
27th Jun 2012 09:20
Alliance Pharma: Investec downgrades from buy to hold, target slashed from 34p to 25p. APR Energy: Credit Suisse keeps outperform rating and 1,300p target. Aviva: Jefferies downgrades from buy to hold, target cut from 386p to 281p. Avanti Comms: Jefferies retains buy rating and 600p target. Brit
Read moreNorthgate up sharply after restarting dividend
27th Jun 2012 07:43
Commercial vehicle hiring firm Northgate has beaten both revenue and profit expectations, while making enough money in the 12 months to the end of April to reintroduce a dividend. Northgate, which has major operations in both the UK and Spain, saw revenues for the year of £706.7m, down 1.2% on the
Read moreWednesday preview: UBS upgrades Northgate ahead of results
26th Jun 2012 16:23
Final results from commercial vehicle hire specialist Northgate are due on Wednesday morning, with the focus likely to be on the final few months of trading. The firm announced in mid-March that tough economic conditions in both the UK and Spain would mean that the results for the 12 months to the
Read moreTuesday broker round-up
26th Jun 2012 09:38
Advanced Medical Solutions: Peel Hunt upgrades to buy. Cairn Energy: UBS cuts target from 365p to 275p, neutral rating kept. Carnival: Jefferies maintains buy recommendation and 2,400p target. Carpetright: Peel Hunt keeps hold rating and 600p target. Cookson: Exane BNP Paribas cuts target from 7
Read moreLondon midday: Stocks mark time ahead of US data
15th Mar 2012 12:02
- Stocks mark time ahead of US jobs and manufacturing data - BAE workers protect jobs by taking pay cut - Dollar strength sapping demand for oil stocks Investors have largely taken in stride the warning from credit ratings agency Fitch that the UK is marginally more likely to lose its AAA rating th
Read moreNorthgate reverses sharply after profits warning
15th Mar 2012 07:39
Commercial vehicle hire specialist Northgate said tough conditions in the UK and Spain mean the company is driving with the brakes on, as a result of which it looks like the company is heading for a full year destination that is at the southern end of the range of market expectations. In the UK, ve
Read moreFTSE 250 Movers: Electra soars on NAV rise
6th Dec 2011 14:23
Electra Private Equity, the investment trust that invests in private equity ventures, was the biggest riser after it saw an 8.5% rise in net asset value (NAV) per share after a strong portfolio performance during the year ended 30 September. Vehicle hire firm Northgate was also on the rise after it
Read moreBroker tips: Wolseley, Victrex, Northgate
6th Dec 2011 11:04
Panmure Gordon has maintained its sell rating and 1,500p target price for heating and plumbing giant Wolseley, driven by a combination of "high relative valuation, need for operational improvement and strong recent relative share price performance." Wolseley's first quarter results were welcomed by
Read moreBroker snap: Buy Northgate, says Peel Hunt
6th Dec 2011 11:00
Peel Hunt has reiterated its buy rating for vehicle hire firm Northgate after the firm's first half results came in slightly ahead of forecasts. The firm's clean pre-tax profits were 2% above Peel Hunt's expectations, with UK operations (which account for 71% of earnings before interest, tax and am
Read moreTuesday broker round-up - UPDATE
6th Dec 2011 09:27
Wolseley: Charles Stanley gives accumulate recommendation. Wolseley: Panmure Gordon keeps sell rating and 1,500p target. Meggitt: Credit Suisse downgrades to underperform from outperform; cuts target to 330p from 410p. Shire: Goldman Sachs reiterates buy. SABMiller: Nomura maintains buy recomme
Read moreNorthgate profits bounce despite tough conditions
6th Dec 2011 07:13
Rental giant Northgate posted a 19% increase in half year underlying profit, despite challenging market conditions in the UK and Spain. Underlying pre-tax profit rose to £32.3m for the six months ended 31 October 2011 from £27m the same time a year before. Underlying revenue rose to £375.7m from £3
Read moreLondon close: Good gains as FTSE 100 rallies
13th Sep 2011 16:58
Stocks rediscovered their earlier buoyancy to finish with strong gains as hopes of a resolution of the euro crisis attracted buyers. Today's big mover, Cairn Energy, fell sharply after reporting disappointing results from its drilling campaign offshore Greenland, with one well coming up dry and ano
Read moreLondon midday: Eurozone worries resurface
13th Sep 2011 12:07
This morning's bright start seems a distant memory now, with shares firmly in the red as worries over the Eurozone situation take centre stage again. Today's big mover, Cairn Energy is sharply lower after reporting disappointing results from its offshore drilling campaign offshore Greenland, with o
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