Tuesday broker round-up UPDATE
25th Feb 2014 08:40
African Barrick Gold: Canaccord Genuity raises target price from 205p to 315p and upgrades from hold to buy. Ashmore Group: Canaccord Genuity takes target price from 205p to 315p and downgrades from buy to hold. Associated British Foods: Jefferies increases target price from 2450p to 2600p retaini
Read moreProvident Financial upbeat on outlook after strong year
25th Feb 2014 07:39
Lender Provident Financial posted healthy full year numbers and assured investors it has made a strong start to its new year, with its core credit card unit Vanquis continuing to trade strongly. Group profits before tax and exceptionals for its year to December rose 9.9% to £196m. UK pre-tax profi
Read moreProvident Financial to report annual results in line with consensus
15th Jan 2014 07:43
- Annual results to be in line with market forecast - Vanquis Bank achieves strong growth - Home Credit Business customer numbers drop - Restructuring of CCD division progresses UK lender Provident Financial expects to report 2013 results in line with market expectations, according to a trading upd
Read moreWednesday broker round-up
13th Nov 2013 12:33
AMEC: Credit Suisse downgrades from outperform to neutral with a target price of 1250p. Antofagasta: Alphavalue lowers target price from 1000.6p to 999.5p, while upgrading from add to buy. Associated British Foods: Credit Suisse raises target price from 1850p to 2250p and keeps a neutral rating.
Read moreThursday broker round-up
7th Nov 2013 12:42
Afren: Liberum Capital takes target price from 136p to 197p and upgrades to buy. African Minerals: Liberum Capital cuts target price from 423p to 410p, while staying with its buy recommendation. Canaccord Genuity reduces target price from 400p to 345p leaving its buy recommendation unchanged. Alen
Read moreFTSE 250 movers: QinetiQ rises on possible sale of US arm
21st Oct 2013 15:15
QinetiQ, the defence technology and security firm, was a high riser today on weekend reports that it is putting its US division up for sale. The firm announced back in May that it was launching a strategic review into the unit. Provident Financial was given a boost by JPMorgan Cazenove after it rei
Read moreFTSE 250 movers: Computacenter hit by downgrade
18th Oct 2013 15:48
IT infrastructure services firm Computacenter was trading in the red on Friday after UBS downgraded the stock from 'buy' to 'neutral'. While the bank said that the stock's valuation is not demanding, it believes the company is "navigating a tricky path in France and Germany's turnaround is at an ear
Read moreProvident Financial performing in line thanks to Vanquis Bank
18th Oct 2013 07:31
- Vanquis Bank ahead of expectations - Consumer credit division still weak Provident Financial said it had performed in line with its expectations in the first nine months of 2013 thanks to a strong performance from its Vanquis Bank which provides credit cards to those turned down by mainstream ban
Read moreProvident Financial consumer boss Chris Gillespie quits
13th Sep 2013 10:53
Provident Financial's Managing Director of consumer credit has quit the home lender for a new job. Chris Gillespie has left with immediate effect. He will be replaced by Mark Stevens, commercial director of the consumer credit division (CCD). Provident did not disclose where Gillespie was going. S
Read moreProvident Financial's first half profit increases
23rd Jul 2013 14:52
Provident Financial, which provides credit in the UK and Ireland, saw its first-half pre-tax profit before restructuring costs increase 7.0 per cent to 76.5m pounds ahead of the prior year. Adjusted earnings per share grew 7.9% to 43.5p reflecting the reduction in the statutory rate of UK corporati
Read moreMonday broker round-up UPDATE
13th May 2013 07:18
Bioquell: Investec shifts target price from 136p to 141p and keeps a hold recommendation. blinkx: Canaccord Genuity moves target price from 125p to 135p reiterating its buy recommendation. Britvic: Panmure Gordon increases target price from 380p to 460p and retains a hold recommendation. BT Group
Read moreFTSE 250 movers: Tullett, Anite, TalkTalk, Victrex
9th May 2013 14:47
Interdealer broker Tullett Prebon led the FTSE 250 race Thursday as investors shrugged off the company's four per cent decline in revenue for the first four months of the year. Shareholders seemed to pay closer attention to the group's announcement that it had finalised the terms of a participation
Read moreProvident suffers weak first quarter demand
9th May 2013 12:38
Money lending group Provident Financial admitted that customer numbers had fallen since the start of the year and more customers were slipping into arrears. The Bradford-based group said customer numbers at the end of March were down around 2.0% on the prior year, with the pressure of rising livin
Read moreMonday broker round-up UPDATE
29th Apr 2013 08:17
Afren: Liberum Capital shifts target price from 130p to 136p and maintains a hold recommendation. AngloAmerican: Nomura upgrades from reduce to neutral with a target price of 1700p. Antofagasta: Nomura cuts target price from 1250p to 1200p, while its neutral rating remains unchanged. Investec redu
Read moreWednesday broker round-up UPDATE
27th Feb 2013 08:11
: Panmure Gordon reduces target price from 2159p to 1742p and reiterates its hold recommendation. Antofagasta: JP Morgan cuts target price from 1485p to 1400p, while retaining its overweight rating. Barclays: Numis raises target price from 351p to 400p and upgrades to buy. BT Group: UBS moves tar
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