Friday broker round-up UPDATE
15th Aug 2014 09:47
Admiral Group: Berenberg raises target price from 1090p to 1168p, but still recommends selling. Canaccord Genuity reduces target price from 1400p to 1220p keeping a sell recommendation. Centamin: Numis downgrades from buy to hold with a target price of 70p. Direct Line Group: Berenberg shifts targ
Read moreLondon close: Stocks slightly higher as geopolitical risk decreases
14th Aug 2014 17:22
- Putin says seeks to de-escalate tensions with Ukraine - Finnish Prime Minister says EU not preparing further sanctions against Russia - France tosses out 2014 deficit reduction target techMARK 2,749.57 +0.40% FTSE 100 6,685.26 +0.43% FTSE 250 15,675.56 +0.95% Stocks ended the session slightly hi
Read moreFTSE 250 movers: Carillion piles pressure on Balfour Beatty for merger
14th Aug 2014 17:04
Carillion led gains. On Thursday the company piled pressure on rival Balfour Beatty to resume merger talks by revealing that it had held meetings with several of Balfour's major shareholders. The construction group said it had told the investors that the merger could save at least £175m a year by th
Read moreOphir Energy swings to half year profit on Tanzania divestment
14th Aug 2014 09:40
Ophir Energy swung to a half-year profit as the oil and gas company sold assets in Tanzania. The group reported a pre-tax profit from continuing operating operations of $589,436 in the six months to end of June 2014, compared to a loss of $19,374 for the same period a year earlier. The firm dives
Read moreThursday broker round-up UPDATE
14th Aug 2014 09:39
Admiral Group: Deutsche Bank reduces target price from 1330p to 1260p and maintains a hold recommendation. Balfour Beatty: Deutsche Bank lowers target price from 250p to 245p keeping its hold recommendation. Betfair: Jefferies raises target price from 1175p to 1230p maintaining a buy recommendatio
Read moreLondon open: French and German GDP data disappoint
14th Aug 2014 09:30
- France tosses out 2014 deficit reduction target - TUI Travel leads gains after comments from TUI AG CEO - Glencore downgraded at Credit Suisse - Cable at 200-day moving average techMARK 2,742.00 +0.12% FTSE 100 6,660.86 +0.06% FTSE 250 15,549.52 +0.14% After an initial dip at the start of tradin
Read moreSector movers: Oil stocks fall on IEA demand outlook
12th Aug 2014 14:51
Oil and gas stocks fell on Tuesday after the International Energy Agency (IEA) said global oil demand would increase by less than initially estimated this year. The IEA said that despite heightened geopolitical tensions in countries such as Libya, Iraq and Ukraine, "the oil market today looks bett
Read moreFTSE 250 movers: Just Eat shares jump on strong first half
12th Aug 2014 14:50
Online takeaway marketplace Just Eat said profits trebled in the first half of 2014 on the back of strong demand and accelerating growth in mobile. The company said pre-tax profit was up 200% at £6m on revenues that jumped by 58% to £69.8m, causing shares to surge in morning trade. High street book
Read moreLondon midday: Stocks erase losses to trade flat amid geopolitical developments
12th Aug 2014 12:10
- Markets trim losses to finish flat - Geopolitics in focus with aid on its way to Ukraine - German ZEW survey disappoints - Prudential, Just Eat, Ladbrokes and Serco rise after results techMARK 2,726.95 -0.02% FTSE 100 6,630.32 -0.04% FTSE 250 15,498.56 +0.24% UK stocks had clawed back losses and
Read moreSunday newspaper round-up: Home Retail, strong pound, Lloyds Banking Group
27th Jul 2014 18:00
Home Retail Group is considering a sale of its £1.5bn Homebase DIY chain, the Mail on Sunday said. Home Retail wants to concentrate on its core Argos business under new group Chief Executive John Walden, who turned around Argos in the previous two years. Stronger sales and profitability at Homebase
Read moreThursday broker round-up UPDATE
24th Jul 2014 08:59
Afren: JP Morgan shifts target price from 180p to 188p upgrading from underweight to overweight. Anglo American: Jefferies raises target price from 1550p to 1700p and reiterates a hold recommendation. Antofagasta: Jefferies increases target price from 825p to 1000p upgrading from hold to buy. ARM
Read moreFriday broker round-up UPDATE
4th Jul 2014 12:12
Antofagasta: Morgan Stanley upgrades from underweight to equal-weight with a target price of 750p. AVEVA: Societe Generale initiates with a target price of 2650p and a buy recommendation. Balfour Beatty: Westhouse Securities cuts target price from 220p to 183p downgrading from neutral to sell. RBC
Read moreFTSE 250 movers: Housebuilders continue higher after UBS comments
27th Jun 2014 15:51
UBS helped housebuilders higher after it said that the positive fundamentals of the sector remain unchanged despite measures by the Bank of England announced yesterday to cool the housing market. It said that while a "policy over-reaction" is undoubtedly the biggest risk to the sector, this risk has
Read moreFTSE 250 movers: Housebuilders jump following new BoE measures
26th Jun 2014 15:16
Housebuilders and related stocks including Redrow, Countrywide, Taylor Wimpey and Galliford Try leapt as investors reacted postively to the new Bank of England measures to cool the housing market. Alastair Stewart from Westhouse Securities said that the measures were "less draconian than many observ
Read moreLondon midday: Markets erase gains as Barclays and StanChart slump
26th Jun 2014 12:12
- LSE jumps after $2.7bn purchase of Frank Russell - Housebuilders jump as Carney announces "soft" measures to cool housing - Barclays facing allegations of fraud - StanChart reports "disappointing first half" techMARK 2,800.86 +0.42% FTSE 100 6,733.63 0.00% FTSE 250 15,595.09 +0.91% UK markets we
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