FTSE 250 movers:Rentokil leaps into the top spot
15th Mar 2013 15:39
Pest control and hygiene giant Rentokil Initial jumped over 10 per cent after it revealed robust 2012 results, beating analyst expectations. Adjusted pre-tax profits came to 191m pounds, a 10.1 per cent year-on-year rise. Ocado continued to rise one day after posting a jump in sales and unveiling
Read moreLondon close: US retail sales lift markets off lows
13th Mar 2013 17:01
Disappointing production data from the Eurozone dampened stocks on Wednesday morning in London, but a better-than-expected reading of US retail sales saw markets rally off their lows in afternoon trade. The monthly measure of American retail sales increased by 1.1% in February, an acceleration from
Read moreFTSE 250 movers: SDL rebounds after disappointing results
13th Mar 2013 15:46
SDL was on the rebound one day falling on the back of a 19 per cent decline in its profit before tax. Meanwhile, Petropavlovsk declined after Westhouse Securities cut its target price on the stock from 480p to 440p, although it retained a 'buy' recommendation. Ferrexpo also fell after announcing
Read moreWednesday broker round-up UPDATE
13th Mar 2013 08:28
Afren: UBS raises target price from 160p to 200p and reiterates a buy recommendation. African Barrick Gold: Westhouse Securities reduces target price from 255p to 195p and keeps a sell recommendation. Antofagasta: Deutsche Bank lowers target price from 1260p to 1150p, while staying with its hold r
Read moreBroker snap: Gold stocks fall as Nomura cuts price forecasts
7th Mar 2013 16:27
The gold sector was under pressure on Thursday after Nomura cut its near-term gold price forecasts and said that downside risks to equity prices are still 'substantial'. In a review of the sector, Nomura said: "For the first time since 2008, in our view, the investment environment for gold is deter
Read moreFTSE 250 movers: Spirax-Sarco rises on dividend boost
7th Mar 2013 15:28
Spirax-Sarco Engineering climbed after it recommended a windfall dividend of 100p per share, worth a total of 78m pounds, after posting record sales and profit in 2012. Investment trust RIT Capital Partners rose after it reported its highest net asset value (NAV) per share of 1,309p on February 22n
Read moreThursday broker round-up UPDATE
7th Mar 2013 07:25
Admiral: Nomura raises target price from 1350p to 1493p keeping a buy recommendation. African Barrick Gold: Nomura cuts target price from 435p to 200p and downgrades from neutral to reduce. Aggreko: Investec increases target price from 1750p to 1940p upgrading from hold to buy. Anglo American: No
Read moreTuesday broker round-up UPDATE
5th Mar 2013 07:15
Abcam: Investec raises target price from 466p to 484p and keeps a buy recommendation. Numis revises target price from 470p to 530p and maintains its buy ratng. Access Intelligence: Merchant Securities initiates with a target price of 7p and a buy recommendation. Amlin: Canaccord Genuity raises tar
Read morePetropavlovsk unveils increased mineral resource
28th Feb 2013 09:11
Petropavlovsk has announced the addition of 1.95m ounces (moz) of gold mineral resources (before depletion) following from the success of its 2012 exploration programme. As such, there has been a net increase in its Joint Ores Reserves Committee (JORC) mineral resources of 0.45 moz to 25.1 moz, of
Read moreMonday broker round-up UPDATE
18th Feb 2013 08:09
AMEC: Deutsche Bank cuts target price from 1350p to 1250p and stays with its buy recommendation. HSBC lowers target price from 1225p to 1200p keeping an overweight rating. Anglo American: Deutsche Bank moves target price from 2260p to 2290p and maintains a buy recommendation. HSBC upgrades to overw
Read moreLondon close: Stocks flat as caution sets in ahead of G20 statement
15th Feb 2013 16:43
Better-than-expected economic data from the States helped the Footsie erase its earlier losses on Friday afternoon, though the mood on markets was still cautious ahead of an announcement from the Group of 20 meeting in Moscow. Market analyst Craig Erlam from Alpari said that "traders opt[ed] to wai
Read moreFTSE 250 movers: Tullett Prebon 'dragged into LIBOR scandal'
15th Feb 2013 16:06
Interdealer broker Tullett Prebon sank after being drawn into the LIBOR scandal. Reports suggest that an individual at the firm was part of conversations about rigging the yen LIBOR rate, according to the Financial Times. Gold miner Petropavlovsk was lower after Citi downgraded its recommendation
Read moreLondon midday: Markets plateaux but Anglo American gains after results
15th Feb 2013 11:45
Stocks were trading within a narrow range on Friday morning ahead of the G20 meeting in Moscow and the release of key economic indicators in the States this afternoon. Delegates plan to discuss traditional issues such as the global economic outlook, implementation of the G20 framework agreement for
Read moreBroker tips: Anglo American, TUI Travel, Precious metal miners
15th Feb 2013 10:57
Jefferies is 'becoming more positive' on Anglo American after the mining giant reported better-than-expected results for 2012 on Friday morning, but kept its 'hold' rating for the stock. "While we have been concerned about structural cost pressures in South Africa, operational challenges in most of
Read moreBroker snap: Fresnillo, Randgold and Petropavlovsk hit by downgrades from Citi
15th Feb 2013 09:15
Citi Research has downgraded its ratings for mining peers Fresnillo, Randgold and Petropavlovsk as part of its review into the precious metals sector. "We have for some time been expressing caution both about the future trend of precious metals prices and about the premium valuations on gold and si
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