Thursday broker round-up UPDATE
13th Dec 2012 07:22
Advanced Medical Solutions: Investec reduces target price from 93p to 68p and downgrades from buy to hold. Numis downgrades to hold, while maintaining the target price at 165p. Canaccord Genuity moves target price from 93p to 90p and retains a buy recommendation. Anglo American: JP Morgan moves tar
Read moreLMS Capital director trades in 1.44m shares
7th Dec 2012 16:18
Robert Rayne, a non-Executive Director of LMS Capital, an investment company specialising in small- to medium-sized companies in the consumer, energy and business services, has sold 1.44m shares in the company at 84p. The £1.2m sale comes one week after the group unveiled plans to return up to £40
Read moreLondon close: Stocks end the week in a cautious mood
30th Nov 2012 16:35
- Market pares gains by the close - Bundestag approves Greek aid - Eurozone jobless rate and US consumer spending disappoint UK stocks finished broadly flat on Friday, paring gains by the close of trade as markets headed into the weekend in a cautious mood on the back of uncertainty surrounding the
Read moreFTSE 100 movers: Broker upgrades lift Johnson Matthey and Croda
30th Nov 2012 13:25
Blue-chip constituents Johnson Matthey, Croda, Pennon and Intertek were performing well on Friday afternoon following a number of upbeat broker comments. Chemical peers Johnson Matthey and Croda International were lifted higher after Credit Suisse upgraded the companies from 'neutral' to 'outperfor
Read moreLondon midday: Stocks gain as Germany approves Greek aid
30th Nov 2012 11:29
- Germany approves Greek aid - Eurozone jobless rate at record-high - Stocks rally but trade within narrow range After a subdued start, the FTSE 100 had pushed into positive territory by midday after German parliament approved the Greek rescue deal. The Bundestag voted with a large majority (463 f
Read moreLondon open: Stocks unchanged on 'fiscal cliff' developments
30th Nov 2012 08:21
The FTSE 100 opened flat on Friday morning as investors showed caution following some mixed comments from US politicians regarding the 'fiscal cliff'. Markus Huber, head of German HNW trading at ETX Capital, said: "European equities are trading little changed this morning despite less encouraging n
Read moreFriday broker round-up UPDATE
30th Nov 2012 07:24
Aggreko: Berenberg initiates with a target price of 2010p and a hold recommendation. APR Energy: Berenberg starts with a target price of 610p and a sell recommendation. Babcock International Group: Berenberg initiates with a target price of 1180p and a buy recommendation. Barclays: UBS raises tar
Read moreFriday tips round-up: Invensys, Shaftesbury and Pennon
30th Nov 2012 06:41
Tempus in The Times writes that long-suffering shareholders in Invensys will be celebrating the near-100p rise in the shares, up another 25p to 305p last night, since the company announced the £1.7bn sale of its rail communications business. Shorn of rail and the pensions liability and with £400m o
Read moreLondon close: Miners surge on US hopes
29th Nov 2012 16:39
- US GDP and housing data boosts stocks - 'Fiscal cliff' concerns ease after politicians' comments - Mining stocks rise on demand hopes Hopes about the US economy were driving gains on Thursday as investors reacted positively to comments from politicians about the 'fiscal cliff' and decent economic
Read moreFTSE 100 movers: Miners lead the way
29th Nov 2012 15:39
Rio Tinto was among the best performers on Thursday after Chief Executive Tom Albanese boasted at an investors seminar that the company was 'very well positioned despite the challenging global environment'. The company said it is targeting five billion dollars of cost savings by the end of 2014 as
Read moreLondon midday: Stocks rise after 'optimistic' comments on 'fiscal cliff'
29th Nov 2012 11:41
Hopes that the US can avert the impending 'fiscal cliff' were helping markets register decent gains on Thursday morning, following comments from policy-makers Stateside yesterday. US Republican Speaker of the House John Boehner said that he was "optimistic that we can continue to work together to a
Read moreLondon open: Stocks gain on US budget hopes
29th Nov 2012 08:22
UK equities opened strongly on Thursday morning with mining stocks leading the risers on the back of optimism that US policy-makers will eventually agree on a deal to avert the 'fiscal cliff'. "European equities are trading higher this morning managing to extend yesterday's afternoon late turnaroun
Read moreLondon pre-open: Comments from Boehner and Obama to boost FTSE
29th Nov 2012 07:29
City sources predict the FTSE 100 will open up 23 points from yesterday's close of 5,803, as the prospect of solving the problem of the looming US 'fiscal cliff' as comments from the Republican Speaker of the House and President Obama gave a strong indication that relations between the two are impro
Read morePennon lifts profit and divi
29th Nov 2012 07:08
Utilities firm Pennon, which owns South West Water and waste business Viridor, said it is responding well to falling recyclate prices as it delivered half year pre-tax profit in line with expectations. Pre-tax profit rose 3.4% to £111.1m for the half year ended September 30th 2012 while revenue for
Read moreLondon close: Footsie registers best weekly performance this year
23rd Nov 2012 16:45
- FTSE 100 gains 3.8 per cent higher on the week - German and French confidence data beats expectations - EU summit ends with deadlock After a subdued start, UK stocks rallied in afternoon trade on Friday with decent economic figures from Germany and France lifting the mood. The positive finish h
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