Friday broker round-up UPDATE
13th Jun 2014 09:23
African Minerals: Deutsche Bank reduces target price from 316p to 249p maintaining a buy recommendation. Atkins: Numis ups target price from 1650p to 1700p and keeps a buy recommendation. JP Morgan reduces target price from 1619p to 1548p and reiterates its overweight rating. Ferrexpo: Deutsche Ba
Read moreLondon open: Housing stocks weigh as rate-hike expectations increase
13th Jun 2014 08:28
- Housing, property stocks provide a drag - Carney warns of impending interest rate hike - Osborne moves to cool housing market - Oil prices spike on Iraq concerns techMARK 2,830.21 -0.58% FTSE 100 6,817.00 -0.38% FTSE 250 15,984.76 -0.88% Weakness in the housing sector dragged UK stocks lower on
Read morePetra Diamonds finds 122.52-carat blue diamond
13th Jun 2014 07:15
FTSE 250-listed 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. Petra said that the stone will require fu
Read moreFTSE 250 movers: Drax sinks after power station setback
23rd Apr 2014 15:50
Shares in renewable energy provider Drax lost more than 13 per cent of their value on Wednesday, hit by the group's announcement that one of its power station units was no longer deemed eligible by the UK government for an investment contract. At the group's annual general meeting (AGM) later in th
Read moreWednesday broker round-up UPDATE
23rd Apr 2014 09:04
AB Foods: Numis upgrades from sell to reduce with a target price of 2240p. AstraZeneca: Citi raises target price from 3500p to 4900p and upgrades to buy. Fenner: Investec cuts target price from 375p to 360p and reiterates its sell recommendation. Genus: N+1 Singer upgrades to hold with a target p
Read morePetra Diamonds reports positive start to 2014 after strong Q3
23rd Apr 2014 07:45
Petra Diamonds has reported a 55 per cent climb in third quarter revenue, driven in part by a 15 per cent jump in production, as well as the sale of a 29.6 carat blue diamond, which was sold for 25.6m dollars. In the three-month period, production rose from 647,248 carats to 743,424 year-on-year,
Read moreLondon pre-open: FTSE to open marginally lower
23rd Apr 2014 07:40
Following yesterday's surge on the back of bid speculation and M&A activity within the pharma sector, today's session looks set for a fairly flat start, with the top tier expected to inch marginally lower early on. City sources predict the FTSE 100 will open around seven points below yesterday's c
Read moreMonday broker round-up UPDATE
7th Apr 2014 10:19
Abcam: Canaccord Genuity lowers target price from 386p to 375p, while upgrading from sell to hold. Aberbdeen Asset Management: Credit Suisse ups target price from 415p to 440p and stays with its neutral rating. AO World: Jefferies initiates with a target price of 410p and a buy recommendation. JP
Read moreFTSE 250 movers: Hikma Pharmaceuticals jumps after strong 2013
12th Mar 2014 14:43
Powerful revenue growth from its generic drugs and solid growth elsewhere helped Hikma Pharmaceutical post impressive results for 2013. Group revenue increased 23% to $1,365m and a 30% strengthening of operating margins from improvements in the Generics and Injectables businesses helped group prof
Read moreMonday broker round-up UPDATE
3rd Mar 2014 08:21
African Barrick Gold: Citi increases target price from 120p to 179p, but still recommends selling. African Minerals: Citi cuts target price from 300p to 260p leaving its buy recommendation unchanged. Aggreko: Deutsche Bank reduces target price from 1870p to 1400p and downgrades to hold. Anglo Ame
Read moreFriday broker round-up UPDATE
28th Feb 2014 09:51
Barratt Developments: Liberum Capital ups target price from 430p to 468p and keeps a buy recommendation. Deutsche Bank takes target price from 394p to 452p and retains a buy recommendation. Citi raises target price from 390p to 460p and maintains its buy recommendation. Bodycote: FinnCap increases
Read moreFTSE 250 movers: Playtech lifted by strong results and Ladbrokes deals
20th Feb 2014 15:39
Playtech jumped as it reported a rise in annual earnings as the gaming software development company signed two landmark deals with Ladbrokes to revamp the bookmarker's digital offering until 2017. Petra Diamonds also climbed after it said it is looking at commencing dividend payments in two years'
Read morePetra Diamonds considering dividend payments after strong first half
20th Feb 2014 07:00
- Dividend payments could start by 2016 - Adjusted operating profits up 157 per cent in H1 - Capex funded by operating cashflow for first time Petra Diamonds said it is looking at commencing dividend payments in two years' time after a surge in profits in its first half. Adjusted operating profits
Read moreMonday broker round-up UPDATE
17th Feb 2014 08:23
Aberdeen Asset Management: Goldman Sachs lowers target price from 600p to 540p, while its buy recommendation is kept. Anglo American: Deutsche Bank cuts target price from 1500p to 1460p, while leaving its hold recommendation unchanged. Credit Suisse raises target price from 1650p to 1900p upgrading
Read moreWesthouse hails Petra diamond sale, but shares 'no longer as cheap'
14th Feb 2014 14:03
Westhouse Securities has raised its target price for Petra Diamonds after the miner's sale of a giant blue diamond in South Africa, but has downgraded its rating for the stock from 'buy' to 'add' after its recent strong run. The target was lifted from 150p to 170p. However, with the shares trading
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