Wednesday broker round-up UPDATE
26th Mar 2014 08:51
Aberdeen Asset Management: Citi reduces target price from 455p to 390p and stays with its neutral rating. Acta: Cantor Fitzgerald places both its target price (prev.: 16p) and its buy recommendation under review. Alliance Pharma: Numis shifts target price from 38p to 39p upgrading to add. APR Ene
Read moreFTSE 100 movers: Kingfishers climbs on cash return plans
25th Mar 2014 15:21
Kingfisher, Europe's largest home improvement retailer, rose strongly after it said it would return 200m pounds to shareholders this year and expand into new markets after profits improved by a tenth in the 12 months ended February 1st. The company, which owns B&Q and Screwfix in the UK, said it wou
Read morePetrofac wins engineering and procurement contract
24th Mar 2014 07:25
Petrofac has secured an engineering and procurement contract with Petroleum Development Oman to provide services for its Rabab Harweel Integrated Project (RHIP). The company will also provide construction and management support services for the start-up of the integrated oil and sour gas facility,
Read moreTuesday broker round-up UPDATE
4th Mar 2014 09:37
Abcam: Numis cuts target price from 560p to 510p downgrading from add to hold. Amlin: Deutsche Bank shifts target price from 484p to 491p and keeps a hold recommendation. Arrow Global: Canaccord Genuity shifts target price from 300p to 309p maintaining a buy recommendation. Numis moves target pric
Read moreWednesday broker round-up UPDATE
26th Feb 2014 08:54
Anglo Pacific: FinnCap cuts target price from 279p to 216p, downgrades to hold. Ashmore Group: UBS reduces target price from 405p to 355p, while leaving its buy recommendation unchanged. Jefferies cuts target price from 475p to 375p, while its buy recommendation is kept. Barclays lowers target pric
Read morePetrofac looks to 2015 for return to strong growth
26th Feb 2014 07:54
Oil services group Petrofac posted lacklustre full year numbers showing modest earnings growth and flat revenue. The company anticipates a muted performance for its current 2014 year before a return to strong earnings growth in 2015. Net profits for its year to December 2013 rose 3% to £650m on re
Read moreLondon close: First rise in Bank rate possible before elections
20th Feb 2014 16:36
- Markets pare early losses - Weak Chinese data weighs on mining stocks - FOMC minutes prompt some rate hike fears - First rise in Bank rate could come before elections techMARK 2,876.09 +0.02% FTSE 100 6,812.99 +0.24% FTSE 250 16,368.83 +0.13% UK markets managed to recoup early losses following
Read moreLondon midday: Chinese data hits miners, BAE and Rexam drop
20th Feb 2014 11:35
- Markets pare early losses but still trading lower - Weak Chinese data weighs on mining stocks - FOMC minutes prompt rate hike fears - BAE, Rexam fall sharply after 2013 results techMARK 2,861.08 -0.50% FTSE 100 6,777.54 -0.28% FTSE 250 16,246.72 -0.62% UK markets were trading in the red on Thurs
Read moreLondon open: BAE, Rexam lead markets lower early on
20th Feb 2014 09:04
- BAE and Rexam disappoint with guidance - Mining stocks fall after Chinese manufacturing data - FOMC minutes in focus techMARK 2,849.73 -0.90% FTSE 100 6,750.47 -0.68% FTSE 250 16,220.96 -0.77% UK stocks fell on Thursday morning, tracking losses on US and Asian markets, with heavy losses from blu
Read morePetrofac wins 1.2bn dollar BP Oman gas facility project
20th Feb 2014 07:51
Petrofac said it has won a 1.2bn pound contract from BP to build a gas processing facility in Oman. This contract has been awarded on a convertible lump sum basis and will convert to a full lump sum contract at a pre-determined point during execution, the oil and gas services firm said. The wor
Read moreLondon pre-open: Stocks set to slide early on after data disappoints
20th Feb 2014 07:30
- Sentiment hit by poor US and Chinese data - FOMC minutes reveal plans for continued tapering - IMF warns of financial problems arising in emerging markets Stocks are set to open firmly in the red today after both Chinese and US data came in below expectations overnight. City sources predict th
Read moreOphir Energy reports 'considerable progress' in Equatorial Guinea
20th Feb 2014 07:05
Ophir Energy has signed a letter of intent with Petrofac to provide services as operator of the proposed gas development on its gas resources in Equatorial Guinea. The services are set to include preparing and issuing the Field Development Plan for the project and co-ordination of the interface be
Read moreFootsie lifted by Eurozone GDP and miners
14th Feb 2014 16:12
- Eurozone GDP beats expectations - Fresnillo in top spot - UK construction output rises 0.2 per cent in Q4 techMARK 2,831.77 +0.28% FTSE 100 6,663.62 +0.06% FTSE 250 16,110.62 +0.51% The FTSE closed marginally higher today, lifted by figures which revealed better-than-expected growth across the E
Read moreFTSE 100 movers: Fresnillo rises on positive gold outlook
14th Feb 2014 14:18
Precious metals producer Fresnillo rose strongly today, lifted by a prediction from Capital Economics, which said it believes that despite the gold price rising almost 10 per cent since the start of 2014, bullion will see more gains over the course of the year. The research firm said that while th
Read moreBroker tips: Lloyds, Rolls-Royce, Petrofac, Ladbrokes
14th Feb 2014 12:15
JPMorgan Cazenove has lifted its recommendation for Lloyds Banking Group from 'neutral' to 'overweight' saying that there is upside risk to new lowered forecasts following the bank's 2013 results. JPMorgan said the market's negative reaction to the results on Thursday "reflects a rebasing of expect
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