Broker tips: Ocado, ASOS, BT Group
10th May 2013 13:58
Following today´s AGM statement from on-line grocer Ocado analysts at Panmure Gordon believe there is an increased chance that it will reach a deal with peer Morrison. On the basis that this new revenue stream is worth as much as 'core' Ocado then the company´s valuation ought to be twice what it i
Read moreBroker snap: Sell Ocado, Panmure Gordon says
10th May 2013 13:19
Following today´s AGM statement from on-line grocer Ocado analysts at Panmure Gordon believe there is an increased chance that it will reach a deal with peer Morrison. On the basis that this new revenue stream is worth as much as 'core' Ocado then the company´s valuation ought to be twice what it i
Read moreLondon midday: All eyes on Bernanke and G7
10th May 2013 11:32
UK equities are now registering moderate gains and near their best levels of the day, buoyed by another rise in risk appetite which seemed to take its cue from the sharp move lower in the Japanese Yen overnight. Some investors attributed that move in foreign exchange markets to cautious comments ou
Read moreOcado pleases with AGM statement
10th May 2013 09:06
Online supermarket Ocado is set to tell investors at Friday's annual general meeting (AGM) that it has made 'significant progress' and is 'well placed' to exploit growth in the online grocery retail industry. The meeting will also see the chairmanship passed from Lord Grade to Sir Stuart Rose. In
Read moreFriday broker round-up UPDATE
10th May 2013 07:14
Afren: Westhouse Securities initiates with a target price of 160p and a buy recommendation. Ashmore Group: Credit Suisse raises target price from 375p to 440p upgrading from underperform to neutral. Barratt Developments: Citigroup increases target price from 245p to 315p leaving its neutral rating
Read moreFTSE 250 movers: Supergroup rises on on Investec note
3rd Apr 2013 15:38
Supergroup shares were boosted by Investec, which initated its coverage of the stock with a target price of 843p and a buy recommendation. Pennon Group was rising on news that Abu Dhabi Investment Authority is reportedly considering a bid for the company's South West Water. Ashtead Group got a b
Read moreLondon close: Stocks trim losses as bank-run fears subside
18th Mar 2013 16:44
After registering sharp declines early on, stock markets across Europe had clawed back losses by the close of trade on Monday, as concerns of a contagious bank run across the Eurozone periphery were eased. Markets suffered a steep sell-off in the morning session after this weekend's controversial b
Read moreFTSE 250 movers: Essar Energy gains on news of new CFO
18th Mar 2013 16:04
India-focused energy firm Essar gained after saying that Chief Financial Officer P Sampath will be succeeded by Deepark Maheshawri, who has a "strong track record of providing strategic financial and capital markets advice across a number of industries". John Laing Infrastructure Fund, a public pr
Read moreFTSE 250 movers:Rentokil leaps into the top spot
15th Mar 2013 15:39
Pest control and hygiene giant Rentokil Initial jumped over 10 per cent after it revealed robust 2012 results, beating analyst expectations. Adjusted pre-tax profits came to 191m pounds, a 10.1 per cent year-on-year rise. Ocado continued to rise one day after posting a jump in sales and unveiling
Read moreLondon close: US labour data boosts stocks late on
14th Mar 2013 16:33
Global stock markets registered decent gains on Thursday as US labour-market figures continued to beat forecasts, pushing the S&P 500 in New York close to an all-time high. The S&P 500 was trading around 1,560 by the close of trade in London (12:30 in New York), just a few points from the record-hi
Read moreFTSE 250 movers: Ocado rises on potentional tie-up with Morrison
14th Mar 2013 16:12
The market celebrated Ocado's news of a potential partnership with Morrison. Richard Curr from Prime Markets said that the deal could be a 'game changer' for the firm. The online grocer also revealed 14.4 per cent rise in first-quarter sales in a separate statement. After signalling higher-than-ex
Read moreLondon midday: Stocks make gains ahead of EU summit
14th Mar 2013 11:34
Strong gains from Aggreko, Morrison, Ocado and Home Retail pushed UK stocks higher on Thursday morning offsetting weakness in the heavyweight mining sector, as traders awaited the start of the EU summit and economic data from the States later on. US banking giant Goldman Sachs yesterday hiked its n
Read moreBroker tips: Aggreko, Ocado, Home Retail
14th Mar 2013 11:06
Jefferies has maintained its 'buy' rating and 2,200p target price for temporary power and temperature control group Aggreko after the company announced a power-supply contract with utility companies in Southern Africa on Thursday. "While a degree of contract wins are required to meet consensus numb
Read moreBroker snap: Morrison deal could be 'game changer' for Ocado, says Prime Markets
14th Mar 2013 10:49
Shares in online grocer Ocado rocketed on Thursday morning after the company confirmed alongside its first-quarter update that it would help supermarket chain Morrison to launch an internet shopping website, something that could be a 'game changer', according to Prime Markets. The group said that i
Read moreLondon open: FTSE 100 rises early on as Morrison jumps
14th Mar 2013 08:36
Strong gains for Prudential, Morrison and Aggreko helped push London's benchmark index into positive territory on Thursday morning, as traders showed optimism following recent bullish forecasts. US banking giant Goldman Sachs hiked its near-term target prices for the FTSE 100, saying that the index
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