Provident Financial confident despite tough consumer credit conditions
17th Oct 2014 07:52
Despite continuing tough conditions for its consumer credit division, non-standard lender Provident Financial said it was confident of hitting its full-year targets. The FTSE 250 group said credit quality in all three of its businesses remained "very sound" and the its funding position was strong.
Read moreWednesday broker round-up UPDATE
20th Aug 2014 10:50
BHP Billiton: Deutsche Bank raises target price from 1450p to 1500p and leaves its buy recommendation unchanged. Investec increases target price from 2175p to 2205p and maintains a hold recommendation. Big Yellow Group: Liberum Capital ups target price from 565p to 591p and keeps its buy recommenda
Read moreProvident Financial buys Moneybarn in £120m deal
14th Aug 2014 16:00
Lender Provident Financial has completed the acquisition of Duncton Group for £120m, the company announced on Thursday. Duncton and its subsidiaries operate under the Moneybarn brand and form the largest UK's non-standard vehicle finance group, operating mainly through brokers, but also through ind
Read moreTuesday broker round-up UPDATE
29th Jul 2014 09:37
Abderdeen Asset Management: Berenberg cuts target price from 530p to 510p and maintains a buy recommendation. African Barrick Gold: Numis takes target price from 260p to 330p upgrading from hold to buy. Anglo American: Deutsche Bank increases target price from 1590p to 1650p and reiterates a hold
Read moreFriday broker round-up UPDATE
25th Jul 2014 09:29
African Barrick Gold: Investec places both its target price (prev.: 212p) and its sell recommendation under review. Westhouse Securities ups target price from 250p to 285p upgrading from neutral to add. Barclays: Deutsche Bank cuts target price from 300p to 275p staying with its buy recommendation.
Read moreThursday broker round-up UPDATE
24th Jul 2014 08:59
Afren: JP Morgan shifts target price from 180p to 188p upgrading from underweight to overweight. Anglo American: Jefferies raises target price from 1550p to 1700p and reiterates a hold recommendation. Antofagasta: Jefferies increases target price from 825p to 1000p upgrading from hold to buy. ARM
Read moreWednesday broker round-up UPDATE
23rd Jul 2014 09:01
Abcam: Canaccord Genuity ups target price from 375p to 400p and upgrades from hold to buy. ARM Holdings: Deutsche Bank cuts target price from 975p to 950p and maintains a hold recommendation. Credit Suisse lowers target price from 1125p to 1100p and leaves its outperform rating unaltered. Beazley:
Read moreBroker tips: Shire, Admiral, TSB, Provident Financial
9th Jul 2014 12:37
Following an improved offer of £51.15 for Shire from US suitor AbbVie, broker Panmure Gordon examined the case for whether a bid nearer £60 would be out of the question. Life sciences analyst Savvas Neophytou called the latest bid "inadequate" and said it would probably be rejected by Shire's board
Read moreBerenberg downgrades Provident Financial after strong run
9th Jul 2014 11:44
Berenberg has lowered its recommendation for financial services firm Provident Financial from 'buy' to 'hold', saying that "catalysts [have] played out for now" at the UK non-standard lender. The downgrade comes after a 40% jump in the share price so far in 2014. "We remain positive on PFG's long-
Read moreCiti upgrades Provident Financial on "exciting growth prospects"
12th Jun 2014 15:24
Citigroup has upgraded its recommendation for financial services firm Provident Financial from 'neutral' to 'buy', saying that the business offers some "exciting growth prospects". The US bank highlighted Provident's Satsuma product, its alternative to payday loans for small sums, as one of these p
Read moreLondon midday: Stocks erase losses as media strength outweighs miners
12th Jun 2014 11:27
- Media stocks lead the rebound, ITV jumps - Mining stocks fall, Anglo downgraded - Eurozone industrial data beats forecasts - Iraq tensions keep risk appetite subdued techMARK 2,845.86 +0.18% FTSE 100 6,841.76 +0.04% FTSE 250 16,111.37 +0.15% A late-morning bounce pushed UK stocks into positive t
Read moreLondon open: Mining stocks pull FTSE 100 lower ahead of data
12th Jun 2014 08:25
- Profit taking continues as miners fall - Traders await global economic data - Broker downgrades hit blue chips techMARK 2,839.63 -0.04% FTSE 100 6,827.09 -0.17% FTSE 250 16,073.58 -0.09% UK stocks opened flat on Thursday morning as weakness in the mining sector held back any chances of a rebound
Read moreThursday broker round-up UPDATE
5th Jun 2014 09:37
Aberdeen Asset Management: Liberum Capital initiates with a target price of 555p and a buy recommendation. Ashmore Group: Liberum Capital starts with a target price of 303p and a sell recommendation. ASOS: N+1 Singer places both its target price (prev.: 4100p) and its hold recommendation under rev
Read moreProvident Bank lifts UK customers 20 per cent
8th May 2014 11:07
- UK bank customers up 20 per cent - Consumer credit customers down 20 per cent - 'On track to deliver good quality growth in 2014' Non-standard lender Vanquis Bank has enjoyed a 'very good' start to the year, as it took advantage of the low marketing activity of competitors, while the repositioned
Read moreMonday broker round-up UPDATE
17th Mar 2014 08:31
Admiral Group: Credit Suisse raises target price from 1340p to 1425p and keeps a neutral rating. African Barrick Gold: Canaccord Genuity ups target price from 315p to 330p and maintains a buy recommendation. Amara Mining: Canaccord Genuity moves target price from 25p to 33p and reiterates its buy
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