FTSE 250 movers: Oil stocks slide after OPEC decision
28th Nov 2014 15:25
Oil stocks and those related to the sector tumbled following the decision by the Organization of the Petroleum Exporting Countries to maintain a steady rate of oil output, which sent the price of Brent tumbling on Thursday. Premier Oil, Enquest, Afren, Hunting, Ophir Energy and Wood Group all took a
Read morePennon H1 profits fall
28th Nov 2014 07:07
First-half revenue at utility infrastructure company Pennon rose, but profit was hit by increasing costs across the group's two divisions. In the six months ended 30 September, revenue rose 3.8% year-on-year to £692.3m, while operating profit fell 14.7% to £119.2m and profit before tax was down 9.8%
Read moreTuesday broker round-up
18th Nov 2014 09:42
Aggreko: HSBC raises target price from 1550p to 1650p and maintains a neutral rating. Al Noor Hospitals: Citi initiates with a target price of 1240p and a buy recommendation. Barclays: Credit Suisse ups target price from 230p to 250p and keeps a neutral rating. Bodycote: JP Morgan cuts target pric
Read moreFriday broker round-up UPDATE
31st Oct 2014 09:36
Afren: Deutsche Bank lowers target price from 110p to 105p, leaving its hold recommendation unaltered. Aviva: Barclays ups target price from 397p to 420p and reiterates its equal-weight rating. Barclays: Deutsche Bank lowers target price from 300p to 295p and leaves its buy recommendation. Country
Read moreTuesday broker round-up UPDATE
14th Oct 2014 09:17
Anglo Pacific: FinnCap upgrades to buy with a target price of 158p. Peel Hunt shifts target price from 196p to 198p retaining its buy recommendation. Ashmore: Canaccord Genuity upgrades from sell to hold with a target price of 300p. Numis cuts target price from 369p to 355p retaining an add rating.
Read moreMonday broker round-up UPDATE
22nd Sep 2014 11:28
Avation: WH Ireland shifts target price from 200p to 206p and maintains a buy recommendation BAE Systems: UBS raises target price from 460p to 505p and reiterates a buy recommendation. Centrica: Goldman Sachs ups target price from 385p to 396p leaving its buy recommendation unchanged. Chariot Oil
Read morePennon gets new finance boss
9th Sep 2014 07:52
UK water utility Pennon Group has announced that it is to have a new finance chief. Pennon, which owns South West Water (SWW) and waste group Viridor, said SWW's finance and regulatory director Susan Davy will replace group finance director and executive director David Dupont when he retires on 3
Read moreThursday tips round-up: Standard Chartered, Pennon
14th Aug 2014 08:31
Standard Chartered is under increased scrutiny from investors now that a decade-long run of record profits has just ended. During the past financial crisis the lender offered a rather unique value proposition. Its only links to the west were its UK listing and London headquarters. Furthermore, it ha
Read morePennon warns of profit hit from bill freeze
13th Aug 2014 07:55
South West Water (SWW) owner Pennon Group warned of a profit hit from a household bill freeze, but said strong financial performance was continuing and it expects to hit its regulatory targets for 2010-15. Pennon said an already announced decision to keep tariffs unchanged in 2014/15 would affect t
Read moreLondon pre-open: Geopolitics, Asian data to weigh on stocks ahead of BoE
13th Aug 2014 07:53
UK stocks are expected to open with small losses on Wednesday with investor risk appetite subdued ahead of the Bank of England's Inflation Report. Ongoing geopolitical concerns and a wave of economic data from Asia were also likely to be dampening sentiment in morning trade. City sources predict
Read moreFriday broker round-up UPDATE
1st Aug 2014 10:33
AstraZeneca: Deutsche Bank ups target price from 3950p to 4000p staying with its hold recommendation. Avacta: Numis places both its target price and its buy recommendation under review. Barclays: Berenberg upgrades from sell to hold with a target price of 220p. Bodycote: UBS shifts target price f
Read moreFriday broker round-up UPDATE
4th Jul 2014 12:12
Antofagasta: Morgan Stanley upgrades from underweight to equal-weight with a target price of 750p. AVEVA: Societe Generale initiates with a target price of 2650p and a buy recommendation. Balfour Beatty: Westhouse Securities cuts target price from 220p to 183p downgrading from neutral to sell. RBC
Read moreBroker tips: Anglo American, Petra Diamonds, Water stocks
13th Jun 2014 12:55
Credit Suisse has maintained a 'neutral' stance on Anglo American but has said that the potential wage settlement with employees at its platinum operations in South Africa would be a positive for the company after 20 weeks of strikes. However, the bank explained the importance of the offer, saying
Read moreUK water stocks offer low-risk returns, says Deutsche Bank
13th Jun 2014 11:00
UK water stocks Severn Trent, United Utilities and Pennon offer "low-risk returns", according to Deutsche Bank, which recommended investors to buy a basket of the three stocks despite their recent strong run. The bank has raised its target price for Severn Trent from 2,000p to 2,150p and for United
Read moreBroker tips: Tesco, Smith & Nephew, Pennon, Poundland
4th Jun 2014 12:24
Investors gave a mixed reaction to results from Tesco on Wednesday as a less-than-expected fall in first-quarter like-for-like (LFL) sales failed to stop the shares sinking into the red by mid-morning. Panmure Gordon Market Commentator David Buik said that despite coming in ahead of forecasts the 3
Read more