Monday broker round-up UPDATE
20th Jan 2014 08:41
Admiral Group: Canaccord Genuity raises target price from 1160p to 1400p and upgrades to hold. African Barrick Gold: Westhouse Securities lowers target price from 170p to 160p and downgrades to sell. Alkane Energy: Liberum Capital downgrades to hold with a target price of 44p. Allocate Software:
Read moreNew Premier Farnell director makes first investment
15th Jan 2014 16:22
Peter Ventress, a Non-Executive Director of Premier Farnell has acquired a stake in the technology distribution company totalling 15,000 shares. Ventress, who joined the board at the start of October, paid 234.59p a share, giving the transaction a total trade value of £35,188.50. The firm has be
Read moreFTSE 250 movers: Oxford Instruments leaps on Andor Tech talks
12th Nov 2013 15:15
Oxford Instruments surged after "significant strengthening" in its second-quarter results as it revealed it was in talks to acquire AIM-listed Andor Technology. Shares in TalkTalk leapt after the company upped its dividend for the first half and raised its full-year guidance. The group said it expe
Read morePremier Farnell reports strong Q3 performance
12th Nov 2013 08:45
- Q3 group sales rise 3.3 per cent - Europe sales per day up 4.1 year-on-year - FY operating margin to be broadly similar to that achieved in H1 Premier Farnell, which distributes technology products and solutions, posted a 3.3 per cent rise in third quarter group sales, driven by improved gains ac
Read moreLondon close: Stocks sink to three-week low on policy uncertainty
27th Sep 2013 16:32
A cautious start turned into a market-wide sell-off by the close of trade on Friday as nervous investors booked profits ahead of the weekend. The UK's benchmark FTSE 100 index finished 52.93 points lower at 6,512.66, its worst closing level in three weeks. The last time it closed lower was on Septe
Read moreFTSE 250 movers: Premier Farnell climbs on UBS comments
27th Sep 2013 15:36
Shares in Premier Farnell gained strongly on Friday after analysts at UBS said that an acceleration of growth at the electronic components firm should be "around the corner". "Given forward indicators (e.g. PMIs) only improved from around May, with the normal six-month lag we note company growth
Read moreBroker tips: Rio Tinto, Premier Farnell, Gold miners
27th Sep 2013 12:28
Nomura has reiterated its 'buy' rating and 3,700p target price for diversified mining group Rio Tinto, saying that the company may be able to find the happy balance between growth and returns. The broker said that Rio remains one of the cheapest stocks within its peer group, trading at just nine ti
Read moreLondon midday: Stocks fall sharply on US concerns
27th Sep 2013 11:19
UK markets were registering heavy losses on Friday morning as investor scaled back risk ahead of the weekend, as concerns over monetary policy and budget talks in the US continued to dampen sentiment. "European markets have started the trading day as if it were already the weekend and the lethargy
Read moreBroker snap: Premier Farnell growth 'around the corner', says UBS
27th Sep 2013 11:05
Shares in Premier Farnell gained strongly on Friday after analysts at UBS said that an acceleration of growth at the electronic components firm should be "around the corner". The Swiss bank said that organic growth of 0.7% in the first half suggests that first-quarter growth of 2.8% slipped to -1%
Read moreFriday broker round-up UPDATE
27th Sep 2013 08:48
Admiral Group: Berenberg ups target price from 1060p to 1080p, but still recommends selling. Amlin: Berenberg reduces target price from 422p to 398p and downgrades to sell. Atkins (WS): JP Morgan increases target price from 1298p to 1348p and maintains an overweight rating. AZ Electronic Material
Read moreThursday broker round-up UPDATE
26th Sep 2013 08:22
African Barrick Gold: Deutsche Bank ups target price from 137p to 145p and maintains a hold recommendation. African Minerals: Macquarie reduces target price from 307p to 280p and reiterates an outperform rating. Deutsche Bank cuts target price from 450p to 423p, while its buy recommendation is kept
Read moreLondon close: FTSE 100 falls to two-week low
25th Sep 2013 16:41
Heavy falls from Carnival, Tesco and utility stocks weighed on the FTSE 100 on Wednesday while uncertainty over the US budget and Federal Reserve monetary policy continued to dampen sentiment. London's benchmark index finished 19.93 points lower at 6,551.53, a fall of 0.3% on the day. This was the
Read moreLondon midday: Stocks lower on Fed uncertainty
25th Sep 2013 11:26
Markets were choppy on Wednesday but trading firmly in the red by midday as investors awaited economic data from the US amid the ongoing uncertainty surrounding Federal Reserve monetary policy. Recent mixed economic data and conflicting comments by Fed officials over recent days continue to muddy t
Read moreLondon open: US budget, Fed policy in focus as stocks fall
25th Sep 2013 08:43
Ongoing budget talks in the States and uncertainty surrounding Federal Reserve monetary policy continues to weigh on market sentiment, with stocks falling into the red on Wednesday morning. Markets across Europe were trading lower early on, following on from a weak session in Asia overnight and the
Read moreLondon close: Stocks hit by Bullard comments as post-Fed rally fades
20th Sep 2013 16:39
The exuberant post-Fed mood quickly faded on Friday with comments from one US policymaker dampening stocks before the close of trade. Risk appetite was also scaled back as caution set in ahead of the German elections at the weekend with the outcome still highly uncertain. The FTSE 100 finished 28.
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