Wednesday broker round-up UPDATE
6th Aug 2014 10:20
Aggreko: Jefferies raises target price from 1800p to 2000p and keeps a buy recommendation. Investec ups target price from 1650p to 1700p and leaves its hold recommendation unchanged. Avingtrans: FinnCap cuts target price from 170p to 155p downgrading from buy to hold. Aviva: Jefferies initiates wi
Read moreSunday newspaper round-up: Carillion-Balfour, share sell-off, Lloyds Banking
3rd Aug 2014 18:04
Carillion plans to put Balfour Beatty in a "bear hug" to tempt Balfour's shareholders to support its attempted takeover, the Sunday Times said. Carillion last week scuppered a planned all-share merger when it backtracked on the agreed sale of Balfour's Parsons Brinckerhoff US design consultancy. Wit
Read moreThursday tips round-up: Booker Group, Aviva
10th Jul 2014 09:52
Shares of Booker Group, which supplies convenience stores, have re-rated to a price-to-earnings multiple of 20 times, versus the high 20's in the not so distant past. Curiously, that comes, in part, as a result of investors - somewhat oddly - perceiving it as an online retailer. More justifiably,
Read moreSector movers: Insurers drop as Admiral and Aviva disappoint
9th Jul 2014 14:43
Sinking share prices of Admiral and Aviva ensured that the insurance sector was firmly in the red on Wednesday afternoon. "Insurers are feeling the brunt of the bearishness today," said Will Hedden, Premium Client Manager at IG. Motor insurance group Admiral disappointed the market with a gloomy o
Read moreLondon close: FTSE slides as Fed minutes draw nearer, airlines dive
8th Jul 2014 16:59
- FTSE closes down 85.06 at 6,738.45 - Airlines lead downside - Industrial production registers surprise fall techMARK 2,794.08 -1.75% FTSE 100 6,738.45 -1.25% FTSE 250 15,652.48 -1.51% The UK's biggest 100 stocks took a significant hit in today's session, weighed down by an unexpected drop in ind
Read moreMorgan Stanley says sell defensives and buy cyclicals and high beta
28th May 2014 16:17
In a note entitled 'Don't Panic, Sell Staples', Morgan Stanley's European team has perceived a "compelling opportunity" for investors to start selling defensives and rotate into oversold high beta or cyclical stocks. Figuring that the 'Great Rotation' of 2014 "hasn't occurred at the asset allocatio
Read moreLondon open: PBoC re-starts lending to policy banks
22nd May 2014 08:57
- Strong Chinese PMI data - PBoC restarts lending to policy banks - Weak French manufacturing and services MPIs - Royal Mail lower despite promising results - SAB Miller buoyed by emerging markets techMARK 2,734.23 -0.04% FTSE 100 6,842.65 +0.32% FTSE 250 15,650.57 +0.30% Reports that China´s cen
Read moreThursday broker round-up UPDATE
22nd May 2014 08:34
ASOS: Goldman Sachs reduces target price from 7300p to 6250p, while upgrading to buy. BTG: N+1 Singer shaves target price from 488p to 486p retaining a sell recommendation. EKF Diagnostics: FinnCap initiates with a target price of 38p and a buy recommendation. Exova Group: Credit Suisse starts wi
Read moreExperian director takes advantage of recent decline in share price
19th May 2014 15:56
A non-executive director of credit information group Experian has acquired a stake in the group worth 114,720 pounds, it said on Monday. Jan Babiak bought 11,000 shares at 1,042.91p a piece, taking advantage of the fall seen in the share price in the past fortnight. The decline came after the grou
Read morePrudential reports strong start to 2014 but cautions on UK annuities
8th May 2014 08:49
Insurer Prudential reported a strong start to 2014 with a 29 per cent rise in new business profit in the first quarter. The Pru attributed the rise to a 20% rise in profit from new business in Asia, a 67% lift in the US and a 90% increase in the UK. But the Pru issued a note of caution, highlighti
Read moreThursday broker round-up UPDATE
24th Apr 2014 09:19
AMEC: UBS ups target price from 1145p to 1200p maintaining a neutral rating. ARM Holdings: HSBC raises target price from 1080p to 1120p and keeps an overweight rating. Associated British Foods: HSBC increases target price from 280p to 310p and upgrades from neutral to overweight. Deutsche Bank rai
Read moreLegal & General the top pick in changing UK life insurance sector, says Berenberg
17th Apr 2014 12:51
Berenberg has said that Legal & General remains its 'preferred play' in the life insurance sector following the recent major shake-up of the annuity and savings markets in the UK. The broker called it a "brave new world" for the industry which will be transformed by the end of quasi-compulsory annu
Read moreFCA appoints lawyer to conduct insurance leak investigation
9th Apr 2014 08:26
The Financial Conduct Authority (FCA) has appointed an independent lawyer to conduct an investigation into leaked information about a review of the insurance sector. The regulator on Tuesday afternoon said it had appointed a partner at law firm Clifford Chance, Simon Davis, to conduct an inquiry, b
Read moreWednesday newspaper round-up: Ukraine, Just Eat, Pension
9th Apr 2014 07:17
There are signs of disarray amongst some of the groups of armed radicals who have dug in behind reinforced barricades in several cities in eastern Ukraine. However, on Tuesday Russia warned the new government in Kiev against the use of force to make them vacate those positions. That comes after Ukra
Read moreEnquest CEO family trust adds to already sizeable stake
8th Apr 2014 15:55
Amjad Bseisu, the Chief Executive Officer of oil and gas producer Enquest, has bought company shares via Double A, the trust in which his family is interested. Double A purchased 95,313 shares, taking its holding to 70.89m, equal to 8.83% of the company's share capital. At 121.40p each, the tran
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