Friday broker round-up -UPDATE
16th Nov 2012 07:22
Anglo American: Deutsche Bank cuts target price from 2600p to 2520p and reiterates a buy rating. Atkins: JP Morgan Cazenove reduces target price from 862p to 859p, overweight rating maintained. Bodycote: Investec raises target price from 400p to 410p, buy recommendation remains unchanged. Brammer
Read moreLondon close: Footsie at two-month low on global uncertainty
15th Nov 2012 16:31
- FTSE 100 at lowest level since early September - US, Eurozone and UK data disappoints - BP reaches settlement with US DoJ Political uncertainty and disappointing economic figures the world over weighed heavily on UK stock markets today, pushing the FTSE 100 close to its lowest levels since early
Read moreFTSE 100 movers: Evraz shares rebound into top spot
15th Nov 2012 15:48
Evraz, the steel, mining and vanadium group, was recovering well a day after proposing that a covenant be removed relating to $577m of outstanding guaranteed notes due 2015. The miner is seeking to remove a covenant requiring the company to maintain the net leverage ratio at or below a specified lev
Read morePennon expects to deliver profit despite plunging recycling revenues
15th Nov 2012 15:19
Utilities company Pennon Group has said it expects to post a three per cent rise in profit before tax for the half year and will increase the interim dividend by 6.6 per cent to 8.76p. The increase comes despite the fact the company's recycling revenues in the first half are expected to be £18.8m
Read moreFriday broker round-up
9th Nov 2012 09:50
Balfour Beatty: Credit Suisse downgrades to neutral, target cut from 361p to 275p; Citi downgrades to neutral, target cut from 372p to 270p. Big Yellow: Citi downgrades to neutral, target lifted from 330p to 360p. Dairy Crest: JPMorgan Cazenove initiates coverage with overweight rating and 404p ta
Read moreLondon open: Stocks flat despite upbeat data from China
9th Nov 2012 08:32
Cyclical stocks such as miners and banks were limiting gains on the FTSE 100 on Friday morning as the benchmark index attempted to recover from a two-day sell-off on the back of concerns for the global economy. Worries about the impending US 'fiscal cliff' and Greece's bailout have taken their toll
Read moreLondon close: Stocks drop on concerns over Greece
8th Nov 2012 16:31
- Greek bailout delay concerns sink stocks - Draghi expects Eurozone to remain 'weak' - BoE and ECB keep policy stance unchanged After solid gains in the morning session, equity markets in London swung into the red in afternoon trade, after dreary comments from Mario Draghi and concerns about a bai
Read moreFTSE 100 movers: Burberry tops risers after price target upgrade
8th Nov 2012 15:18
Burberry and Randgold, two of the worst performers from yesterday's session after reporting results, were among the highest risers today. Burberry was being helped higher by Barclays Capital, which raised its target price on the stock from 1,100p to 1,200p and maintained its 'overweight' rating. A
Read moreBroker snap: Nomura downgrades United Utilities after strong run
8th Nov 2012 10:53
Nomura has downgraded its rating for United Utilities (UU), saying that the stock is now a fully valued take-out option. UU's year-to-date performance has been strong, with the shares outperforming UK 10-year Gilts by 9% and the FTSE 100 by 5%. Nomura says that this was driven by media rumours that
Read moreThursday broker round-up
8th Nov 2012 09:01
AB Foods: Credit Suisse ups tagged from 1,300p to 1,450p, outperform rating kept. Aviva: Panmure Gordon keeps buy rating and 425p target. Balfour Beatty: Panmure Gordon keeps buy rating and 310p target. BTG: Jefferies keeps hold rating and 360p target; Panmure Gordon keeps hold rating and 400p t
Read moreWednesday broker round-up
7th Nov 2012 08:59
3Leg Resources: Jefferies keeps buy rating and 100p target AB Foods: Barclays Capital ups target from 1,375p to 1,475p, overweigh rating kept; Nomura ups target from 1,380p to 1,500p, buy rating kept. Aberdeen: UBS ups target from 340p to 370p, buy rating kept. Babcock: Jefferies ups target from
Read moreLondon midday: Stocks extend gains as US heads to polls
6th Nov 2012 11:41
- Stocks gain as eyes turn to US elections - UK industrial production disappoints - Investors digest results from Babcock, M&S, InterContinental... UK stocks rebounded on Tuesday morning following, paring losses from the day before, as markets get ready for the climax of the US presidential race. S
Read moreLondon open: Stocks edge higher ahead of US elections
6th Nov 2012 08:32
Stock markets across Europe opened tentatively on Tuesday morning as the world gears up for the presidential elections across the Pond later today. While all eyes will likely be on the US today, investors had plenty to distract them this morning in London, with a barrage of trading updates and res
Read morePennon wins London waste contract
6th Nov 2012 07:56
Water and waste group Pennon has signed a 25-year South London Waste Treatment Services Public Private Partnership (PPP) contract for the London Boroughs of Croydon, Kingston, Merton and Sutton. Pennon's subsidiary, Viridor South London, will treat the boroughs' residual municipal waste through the
Read moreFriday broker round-up
2nd Nov 2012 08:18
Associated British Foods: Panmure Gordon keeps hold rating and 1,300p target. Balfour Beatty: Goldman Sachs downgrades to neutral, target cut from 330p to 322p. BG Group: Deutsche Bank downgrades to hold, target cut from 1,700p to 1,350p; Liberum Capital downgrades to hold. British Sky Broadcasti
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