Broker tips: Wm Morrison, Bovis Homes, Petra Diamonds
18th Aug 2014 12:12
The decision by UK grocery chain Wm Morrison to extend its opening hours may help improve weak like-for-like (LFL) sales trends, but the future of its dividend remains uncertain, according to Shore Capital which kept a 'sell' rating on the stock on Monday. The broker said that "uncertainty and poor
Read moreMonday broker round-up UPDATE
18th Aug 2014 09:54
Admiral Group: Credit Suisse reduces target price from 1425p to 1350p and stays with its neutral rating. Ophir Energy: RBC Capital reduces target price from 400p to 240p, while its neutral rating remains unchanged. Petra Diamonds: Westhouse Securities ups target price from 200p to 230p upgrading f
Read moreFTSE 250 movers: Elementis lifted by resilient H1, increase in divi
29th Jul 2014 15:34
A "resilient" first-half performance and a 5% increase in the interim dividend helped lift shares in Elementis during today's session. The speciality global chemicals company, which posted a 3% rise in sales and a 7% increase in profit, said that it had been able to achieve growth despite weather is
Read moreLondon midday: UK stocks rise as blue-chip earnings impress
29th Jul 2014 12:08
- GKN, Next and Mondi impress, StanChart upgraded - St James's Place and BP fall - Gains capped by geopolitics, upcoming US data - Petra Diamonds sinks as shareholders sell stake techMARK 2,786.59 +0.38% FTSE 100 6,811.75 +0.35% FTSE 250 15,712.91 +0.62% UK stocks snapped a two-day losing streak
Read morePetra Diamonds investors sells 43m shares after falling into administration
29th Jul 2014 12:06
Petra Diamonds took a knock on Tuesday after it became aware that 43m shares held by Awal Bank have been placed by its administrators, RBS Capital Markets, with both UK and international institutions at a price of 190p per share. The other 13.2m shares held by Awal Bank are subject to a 90-day lock
Read moreFTSE 250 movers: Debenhams jumps on new CFO
28th Jul 2014 14:38
High street retailer Debenhams raced to the top of the leaderboard on the news it has appointed the Chief Financial Officer (CFO) of Mothercare to the same role on its own board. Matt Smith, who has been CFO at Mothercare since last year and has previously been Finance Director of Home Retail's Argo
Read morePetra Diamonds achieves better-than-expected rise in annual output
28th Jul 2014 08:08
- Production rises 17% - Revenue up 17% - 2019 output expected to reach 5m carats Petra Diamonds reported a 17% rise in annual production to 3.1m carats, ahead of market expectations of 3m carats. An increase in output at Finsch, Williamson, Koffiefontein and Kimberley Underground operations offse
Read moreTuesday broker round-up UPDATE
22nd Jul 2014 09:37
Abcam: N+1 Singer places both its target price (prev.: 346p) and its sell recommendation under review. Amiad Water Systems: Oriel lowers target price from 350p to 340p and retains a buy recommendation. Ashmore Group: Espirito Santo ups target price from 371p to 404p, while downgrading to neutral.
Read moreMonday broker round-up UPDATE
7th Jul 2014 09:26
Balfour Beatty: Berenberg lowers target price from 290p to 280p and retains a buy recommendation. UBS lowers target price from 230p to 225p and keeps a neutral rating. Barclays: Citi lowers target price from 305p to 300p and keeps its sell recommendation. Clinigen: Investec cuts target price from
Read moreSunday share tips: Whitbread, Petra Diamonds, Empiric Student Property
15th Jun 2014 12:28
Whitbread looks like a reliable investment despite the imminent departure of Chairman Anthony Habgood, Matthew Goodman said in the Sunday Times's Inside the City column. The company was a mess when Habgood took over in 2005 but he has sold peripheral businesses to focus on Premier Inn and Costa Coff
Read moreLondon close: FTSE closes firmly lower, housing stocks drag
13th Jun 2014 16:59
- FTSE closes down 65.26 points at 6,777.85 - Oil stocks continue higher, housing stocks sink - Q1 UK construction data revised higher techMARK 2,815.10 -1.11% FTSE 100 6,777.85 -0.95% FTSE 250 15,814.81 -1.93% UK stocks ended the weak on a decidedly negative note, although London's Blue Chips reg
Read moreFTSE 250 movers: Petra Diamonds sparkles after latest discovery
13th Jun 2014 14:30
Miner Petra Diamonds has recovered an "exceptional" 122.52-carat blue diamond at its Cullinan mine in South Africa. "The rarity of a blue diamond of this magnitude sets it apart as a truly significant find," the company said in a statement. RBC Capital upped its target price from 180p to 200p, ret
Read moreBroker tips: Anglo American, Petra Diamonds, Water stocks
13th Jun 2014 12:55
Credit Suisse has maintained a 'neutral' stance on Anglo American but has said that the potential wage settlement with employees at its platinum operations in South Africa would be a positive for the company after 20 weeks of strikes. However, the bank explained the importance of the offer, saying
Read moreLondon midday: FTSE near six-week low as rate-hike speculation sinks housebuilders
13th Jun 2014 11:35
- Housing stocks fall sharply - Carney signals impending rate hike - Osborne acts to cool housing market - Oil stocks track crude higher on Iraq tensions techMARK 2,806.77 -1.40% FTSE 100 6,771.65 -1.04% FTSE 250 15,802.08 -2.01% The increased possibility of a rate hike before the end of the year
Read moreCanaccord sees upside to forecasts at Petra after blue diamond find
13th Jun 2014 10:47
Forecasts for next year at Petra Diamonds now look conservative after the discovery of an "exceptional" 122.52-carat blue diamond, according to Canaccord Genuity. The broker maintained a 'buy' rating and 195p target price for the diamond miner. Petra said on Friday that the "exceptional" stone, fo
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