Friday broker round-up UPDATE
5th Jul 2013 08:09
African Barrick Gold: Nomura lowers target price from 200p to 155p, while upgrading from reduce to buy. Barclays: Bank of America reduces target price from 410p to 370p, while leaving its buy recommendation unchanged. BHP Billiton: Investec ups target price from 1919p to 1926p maintaining a buy re
Read morePetrofac signs MoU with KazMunaiGas for Emba oil fields
1st Jul 2013 07:54
Petrofac has struck a deal with KazMunaiGas Exploration Production (KMG) of Kazakhstan to explore the Emba oil fields of KMG's subsidiary EmbaMunaiGas (EMG). The companies have signed a memorandum of understanding (MoU) to uncover opportunities to increase oil production at Emba. Under the terms o
Read moreMonday broker round-up UPDATE
1st Jul 2013 07:27
Ashmore Group: Canaccord Genuity lowers target price from 399p to 380p, while its buy recommendation remains unchanged. ASOS: Panmure Gordon increases target price from 4320p to 4555p and retains a buy recommendation. AVEVA Group: Sanlam Securities reduces target price from 2500p to 2325p leaving
Read moreLondon pre-open: Markets wait for next move by BoE's Carney
1st Jul 2013 07:18
The FTSE 100 is expected to open up 13 points from points from Friday's close of 6,215 as Mark Carney begins his first week as the new Governor of the Bank of England. The Canadian has taken over the helm of the central bank following Mervyn King's departure. Investors are waiting with baited brea
Read moreFriday broker round-up UPDATE
28th Jun 2013 08:32
BAE Systems: Deutsche Bank increases target price from 375p to 400p, while downgrading to hold. Barclays: Bank of America moves target price from 430p to 410p, while its buy recommendation remains unaltered. Booker Group: Investec shifts target price from 140p to 141p and keeps its buy recommendat
Read moreWednesday broker round-up UPDATE
26th Jun 2013 07:30
ACM Shipping Group: Espirito Santo increases target price from 150p to 185p keeping a buy recommendation. Afren: Canaccord Genuity moves target price from 210p to 220p and keeps a buy recommendation. Aggreko: Deutsche Bank cuts target price from 2250p to 2100p, while its buy recommendation remains
Read moreWednesday tips round-up: Petrofac, Domino Printing, Hutchinson
26th Jun 2013 06:39
Petrofac shares have continued to underperform but The Telegraph's Questor believes the falls have been overdone. The oil services group confirmed on Tuesday that it expected modest growth in net profit this year with the majority of it being weighted in the second half. The firm also said anticipat
Read moreLondon close: Markets rebound strongly, Carnival jumps late on
25th Jun 2013 16:44
The FTSE 100 rebounded strongly with a 1.2 per cent jump on Tuesday after coming close to its 2013 low the day before, as concerns over a liquidity crunch in China and reduced stimulus in the US eased, for the time being at least. London's benchmark index finished the session up 73 points at 6,102,
Read moreFTSE 100 movers: easyJet up after Citi comments
25th Jun 2013 13:34
easyJet was a high riser after Citi increased its target price of the low-cost airline from 1330p to 1450p and reiterated a 'buy' recommendation on Monday. British multinational semiconductor and software design company ARM Holdings advanced after Investec upgraded the stock from 'hold' to 'buy' a
Read moreLondon midday: Stocks rise as policymakers speak out
25th Jun 2013 11:21
The FTSE 100 rebounded strongly on Tuesday morning after falling to a fresh five-month low the day before, as policymakers from China and the US spoke out to downplay fears that have sparked market volatility over recent weeks. Renewed concerns over a slowdown in China and ongoing worries about a s
Read moreLondon open: Stocks rebound ahead of key US data
25th Jun 2013 08:31
UK markets opened with decent gains on Tuesday morning, rebounding after having closed at levels not seen since early January the day before. Renewed concerns over a slowdown in China and ongoing fears about a scaling back of stimulus in the States prompted another steep sell-off across global equ
Read moreLondon pre-open: Strong rebound expected early on
25th Jun 2013 07:44
Markets are expected to open with solid gains on Tuesday morning, rebounding after having closed at levels not seen since early January the day before. Renewed concerns over a slowdown in China and ongoing fears about a scaling back of stimulus in the States prompted another steep sell-off across g
Read morePetrofac reports modest half-year growth
25th Jun 2013 07:05
Oilfield service company Petrofac reported "modest growth" in half-year net profit driven by a strong operational performance and an active project portfolio. In a trading update for the six months to end of June, the firm said it secured $2.6bn of order intake. The group backlog stood at $11.9bn
Read moreFTSE 100 movers: Resolution, Vodafone, Reckitt
17th Jun 2013 14:28
Guernsey-incorporated investment vehicle Resolution topped the FTSE 100 Monday after JP Morgan increased its target price from 273p to 302p and maintained a 'neutral' rating. Vodafone Group was dragged higher by a bounce in the wider Telecommunications sector despite reports in The Sunday Times acc
Read moreLondon midday: FTSE 100 lifted by Resolution, Reckitt and Vodafone
17th Jun 2013 11:22
The FTSE 100 was performing strongly on Monday morning as bargain hunters moved in to pick up stocks following the index's recent slump. Global markets have been extremely choppy over the last month since Federal Reserve Chairman Ben Bernanke suggested that the bank could begin 'taper' its quantita
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