Tuesday broker round-up - UPDATE
30th Oct 2012 08:23
African Barrick Gold: Nomura cuts target from 605p to 525p, buy rating kept. Aggreko: Seymour Pierce keeps buy rating and 2,500p target. Aquarius Platinum: Seymour Pierce keeps reduce rating and 34p target. ARM Holdings: Jefferies raises target from 485p to 693p, hold rating kept. ASOS: HSBC hik
Read moreMonday broker round-up -UPDATE
20th Aug 2012 08:17
AstraZeneca: JPMorgan Cazenove downgrades to underweight, target lifted from 2,800p to 2,970p. Balfour Beatty: JPMorgan Cazenove downgrades to neutral. Barclays: Citigroup reiterates buy and 330p target price. ENRC: Credit Suisse downgrades to neutral, target cut from 500p to 450p. FirstGroup: J
Read morePendragon ticked off for reporting errors
7th Aug 2012 10:29
Shares in car dealer Pendragon fell today after the firm got a slap on the wrist from the UK's financial reporting watchdog. The Financial Reporting Council (FRC) was concerned about Pendragon's presentation of cash flows from its contract hire vehicle operations in its full year 2011 figures. It
Read moreTuesday broker round-up
7th Aug 2012 09:22
AB Foods: Nomura cuts target from 1,400p to 1,380p, buy rating kept. BBA Aviation: Jefferies keeps buy rating and 250p target. Big Yellow: Goldman Sachs upgrades to conviction buy, target lifted from 360p to 390p. Devro: Investec keeps buy rating and 355p target. Diageo: Investec lifts target fr
Read moreWednesday broker round-up
20th Jun 2012 09:21
Burberry: Nomura maintains buy recommendation and 1,530p target. Chariot Oil & Gas: Merchant Securities keeps buy rating and 232p target. Home Retail: HSBC downgrades to neutral, target cut from 110p to 100p. Imagination Tech: UBS cuts target from 480p to 470p, neutral rating unchanged. Internat
Read moreChief Executive pay keeps rising
12th Jun 2012 09:05
FTSE 100 Chief Executives enjoyed bumper pay rises in 2011 while their employees got virtually no increase at all, according to a new report. The average wage earned by Chief Executives in the UK's biggest firms was £4.8m, up 12% on the year before. In contrast, employees at FTSE 100 companies saw
Read moreNo drama at RSA AGM
14th May 2012 14:21
All resolutions were passed at the annual general meeting (AGMs) of the insurance group RSA, including the vote on the remuneration report. Around 6.4% of the votes cast were opposed to the remuneration report which, in the light of recent protest votes at AGMs, counts as a relatively mild protest.
Read moreAlmost half of UBM shareholders refuse to back director pay
14th May 2012 08:10
A third of UBM shareholders have voted against plans for executive pay at the firm, making it the latest in a growing list of big firms to suffer backlashes against their remuneration reports. At the global media company's annual general meeting 36% of shareholders, representing 55.5m shares, voted
Read moreXP Power Chairman buys up 4,000 shares
11th May 2012 16:34
Larry Tracey, the Chairman of power controller manufacturer XP Power, treated himself to 4,000 shares in the company, despite the company last month warning that the global economic environment remains weak for the equipment which they manufacture. Tracey, who joined XP's board 22 years ago, bought
Read moreBritish Gas owner Centrica feels cold blast from critics
11th May 2012 15:28
Although the City pages of Saturday's papers may focus on Centrica's trading patterns, outlined in a statement issued on Friday, the front page news is likely to be the energy provider's thinly veiled warning that fuel bills are set to go up later this year. Centrica, which provides energy under th
Read moreShareholder spring slays Pendragon
11th May 2012 09:16
Inspired by the courageous revolutions in North Africa and the Middle East, British investors have been casting off the shackles of domination and casting votes against excessive executive pay awards Well, that's the idea anyway, although it is worth noting that votes on remuneration reports are on
Read moreFriday broker round-up
11th May 2012 09:08
Aquarius Platinum: UBS cuts target from 155p to 110p, neutral rating kept. ARM Holdings: finnCap upgrades from hold to buy, target left at 575p [ARM is a corporate client of finnCap]. BT Group: Nomura reiterates buy recommendation and 295p target. Catlin: Nomura keeps buy rating and 506p target.
Read moreThursday broker round-up
10th May 2012 09:28
Abcam: Canaccord Genuity reiterates hold recommendation and 370p target. Aveva: UBS upgrades from sell to neutral, 1,600p target unchanged. BAE Systems: AlphaValue upgrades from add to buy, target raised from 342.7p to 343.4p. BT: Jefferies keeps buy recommendation and 268p target; Nomura reitera
Read moreWednesday tips round-up: Morgan Sindall, Dragon Oil, Pendragon ...
22nd Feb 2012 06:57
In the Times, Tempus points out the long term strategy of construction firm Morgan Sindall. It is using earnings from core construction work to invest in regeneration projects, like town centres. It may well pay off, thinks Tempus, highlighting the 6% yield, but in the near term profits will be hard
Read moreNew car sales go into reverse at Pendragon
21st Feb 2012 16:35
Used car volumes were strong in 2011 at car dealer Pendragon but demand for new cars tailed off as customers delayed purchases. Underlying revenue in 2011 eased to £3,418.2m from £3,465.8m the year before. Underlying sales of used cars climbed to £1,287.5m from £1,189.1m in 2010, but new car sale
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