Wednesday broker round-up UPDATE
23rd Jan 2013 07:05
Aberdeen Asset Management: Societe Generale downgrades to hold, while its target price of 375p is not altered. Amara Mining: Investec reduces target price from 89p to 83p and reiterates a buy recommendation. Associated British Foods: Jefferies raises target price from 1365p to 1650p keeping a hold
Read moreFriday broker round-up UPDATE
18th Jan 2013 07:53
Aberdeen Asset Management: UBS ups target price from 370p to 440p maintaining a buy rating. JP Morgan shifts target price from 479p to 498p and keeps an overweight rating. Numis raises target price from 400p to 430p, while its add rating remains unchanged. Afren: Nomura cuts target price from 185p
Read moreDS Smith exec raises one million quid to pay taxes
20th Dec 2012 16:25
Stephen Dryden, the Finance Director of recycled packaging supplier DS Smith, exercised options in the company on Wednesday and subsequently sold half of them for nearly one million pounds. The executive, appointed to the board in April 2008, exercised nil-cost options for 878,903 shares, then sold
Read moreLondon close: Stocks pare gains after US ISM data
3rd Dec 2012 16:52
- US manufacturing sector in contraction - Chinese and India data lifts markets early on - Banking fall after BoE FLS details The FTSE 100 index was set to finish Monday's session with decent gains until a worse-than-expected reading of US manufacturing caused markets across Europe to trim gains by
Read moreFTSE 250 movers: C&W Comms jumps after disposal
3rd Dec 2012 15:41
Cable & Wireless Communications surged on Monday after agreeing to sell the majority of its businesses in its Monaco & Islands division as it attempts to scale back its geographic footprint and pay down debt. CWC is selling the assets to Bahraini telecoms firm Batelco Group for an enterprise value
Read moreLondon open: Stocks drop as Greece given more time
13th Nov 2012 08:29
Concerns about Greece continued to weigh on sentiment on Tuesday morning, causing the FTSE 100 index to fall sharply in early trading. Meanwhile, there was news that China is "actively studying" the expansion of the property tax programme on concerns that transaction volumes and home prices could i
Read morePetra sees surge in first-quarter revenues
13th Nov 2012 07:25
FTSE 250 miner Petra Diamonds recorded a strong rise in revenue in the first quarter of its fiscal year as production surged, while the firm announced that it has signed new debt facilities with a group of banks. Revenue in the quarter between July and September totalled $51.1m, up 188% on the $17.
Read moreWednesday tips round-up: Petra Diamonds, Diageo, Close Brothers
26th Sep 2012 07:21
In the Telegraph, Questor continues to bat for long time favourite, Petra Diamonds. The company has been hit hard by this year's 20% drop in diamond prices and technical problems at its Finsch mine. Petra also has a lot of money to raise to pay for expansion projects. On the plus side, demand for di
Read moreBroker tips: Petra Diamonds, Vodafone, Aberdeen A.M.
24th Sep 2012 18:52
Africa focused miner Petra Diamonds has today reported full year results slightly below those forecast by Allison Turner, at Panmure Gordon. The company´s earnings before interest, taxes, depreciation and amortisation (EBITDA) have come in at 90.3m dollars, compared with her forecast for 99.2m dolla
Read moreBroker snap: Petra Diamonds achieves progress, but risks remain
24th Sep 2012 18:12
Africa focused miner Petra Diamonds has today reported full year results slightly below those forecast by Allison Turner, at Panmure Gordon. The company´s earnings before interest, taxes, depreciation and amortisation (EBITDA) have come in at 90.3m dollars, compared with her forecast for 99.2m dolla
Read moreLondon close: Miners hit as no sign of gear-change in China
24th Sep 2012 16:41
After reaching a nadir at midday, equities pared losses in the afternoon session, with defensive stocks enjoying a bit of support. The morning had been characterised by gloom over China's economy and differences of opinion among the heavy hitters in the Eurozone. Chinese central-bank advisor Song
Read moreMonday broker round-up:
24th Sep 2012 16:40
Anglo American: Bank of America downgrades to neutral. Aberdeen Asset Management: Peel Hunt raises target to 350p from 300p, reiterates buy. Dairy Crest: Shore Capital downgrades to hold. Diploma: Panmure Gordon reiterates buy, takes target up to 500p from 440p. Filtronic: Panmure Gordon reit
Read moreFTSE 250 movers: Bumi leads fallers on investigation news
24th Sep 2012 13:21
Mining giant Bumi was leading the fallers after it said it was investigating allegations of financial and other irregularities at its Indonesian operations. The investigation centres on PT Bumi Resources, in which the company has a 29% interest, with particular focus on that firm's development funds
Read morePetra Diamonds warns of market pressures
24th Sep 2012 07:19
Petra Diamonds said revenues had been propped up by its recently acquired Finsch mine in South Africa, which largely offset falling diamond prices. The firm said it expected the diamond market to remain under pressure in the near future because of economic uncertainty, but added that the medium to
Read moreTuesday tips round-up: Tesco, Dixons, Petra Diamonds
11th Sep 2012 07:07
The Independent's Investment View column recommended to 'steer clear' of supermarket giant Tesco on Tuesday morning ahead of its half-year results on October 3rd. The paper says that the results 'will not be pretty' with the focus likely to be on the UK business which accounts for around three-fifth
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