Friday broker round-up UPDATE
14th Mar 2014 09:07
Barclays: Nomura reduces target price from 305p to 285p staying with its buy recommendation. Investec lowers target price from 305p to 295p and keeps its buy recommendation. Ferrexpo: Westhouse Securities increases target price from 190p to 220p and reiterates a buy recommendation. F&C Asset Manag
Read moreLondon close: Stocks hit by Ukraine concerns, G4S sinks
12th Mar 2014 17:00
- FTSE closes down 64.62 points at 6,620.90 - Banks, G4S drag, copper price boosts miners - Minimum wage increased by 19p techMARK 2,817.28 -1.20% FTSE 100 6,620.90 -0.97% FTSE 250 16,326.70 -0.94% The City ended on a downbeat note today, as banks and G4S dragged, multiple big names went ex-divide
Read moreFTSE 100 movers: G4S disappoints with 'extremely challenging year'
12th Mar 2014 15:00
G4S failed to impress with its 2013 results after an 'extremely challenging year' which saw the security solutions provider swing to a statutory pre-tax loss of 170m pounds, from a profit of 313m pounds in 2012. A number of heavyweight FTSE 100 stocks were lower after going ex-dividend, including M
Read moreSector movers: Strong results from Prudential boost life insurers
12th Mar 2014 14:40
Strong results from Prudential gave the life insurance sector a lift on Wednesday after the company impressed with a decent increase in the dividend as profits came in at the top end of analysts' estimates. Even though Prudential was the only life insurance stock to register gains in London, its w
Read morePrudential "is best growth idea in UK insurance", says Killik
12th Mar 2014 14:31
Broker Killik & Co has advised investors to buy the Prudential, saying the insurer is "the best growth idea in UK insurance". Prudential said on Wednesday that a strong performance in Asia had helped it to drive a 17% rise in the group's full-year operating profit to £2.9bn. Its M&G asset manageme
Read moreBroker tips: Prudential, G4S, N Brown, African Barrick Gold
12th Mar 2014 12:17
Broker Hargreaves Lansdown highlighted Prudential's upbeat prospects after "sparkling" annual results and said the City regarded it as a 'strong buy'. "Prudential's ability to capitalise on its financial strength and geographical diversity is self-evident and the market is equally buoyed by its pro
Read moreLondon midday: Stocks near one-month low on China, Ukraine fears
12th Mar 2014 12:00
- Chinese concerns hammer copper prices - Ex-div stocks falls - Prudential gains, G4S slumps - Poundland, Pets at Home in focus techMARK 2,825.81 -0.90% FTSE 100 6,629.89 -0.83% FTSE 250 16,372.49 -0.66% Fears surrounding a slowdown in China and ongoing concerns about Ukraine weighed heavily on st
Read moreHargreaves Lansdown says Prudential has eastern promise
12th Mar 2014 10:58
Broker Hargreaves Lansdown highlighted Prudential's upbeat prospects after "sparkling" annual results and said the City regarded it as a 'strong buy'. Prudential said on Wednesday that a strong performance in Asia had helped it to drive a 17% rise in the group's full-year operating profit to £2.9bn
Read moreLondon open: Markets fall on China concerns, ex-div stocks weigh
12th Mar 2014 08:29
- Chinese concerns hammer copper prices - Ex-div stocks weigh on markets - Poundland, Pets at Home in focus - Prudential gains, G4S slumps techMARK 2,837.07 -0.51% FTSE 100 6,637.18 -0.72% FTSE 250 16,390.10 -0.55% UK stocks opened with heavy losses on Wednesday as ongoing concerns surrounding Chi
Read morePrudential says Asia helps it boost 2013 profits
12th Mar 2014 07:00
Insurer Prudential said a focus on Asia was helping it drive higher profits, but it warned of short-term volatility as the US economy recovers. Prudential said operating profits in Asia had risen 16% to £1.1bn, more than double the level it achieved in 2009, while new business profit lifted 15% to
Read moreWednesday preview: G4S and Prudential report annual results
11th Mar 2014 15:33
G4S will post its full-year results on Wednesday amid reports the security company still faces the possibility of criminal proceedings over its alleged overcharging on electronic tagging contracts. The group has been accused of charging the government too much for the electronic monitoring of crimi
Read moreTuesday broker round-up UPDATE
4th Mar 2014 09:37
Abcam: Numis cuts target price from 560p to 510p downgrading from add to hold. Amlin: Deutsche Bank shifts target price from 484p to 491p and keeps a hold recommendation. Arrow Global: Canaccord Genuity shifts target price from 300p to 309p maintaining a buy recommendation. Numis moves target pric
Read moreBroker tips: Barclays, Prudential, ICAP, Thomas Cook
11th Feb 2014 12:48
Numis Securities has maintained a 'hold' rating and 274p target price for banking giant Barclays after the company's annual profits came in lighter than expectations. However, despite the bottom-line 'miss', Analyst Mike Trippitt said he was "encouraged" by the progress the company has made on its
Read moreDownside now priced in at Prudential, Citi says 'buy'
11th Feb 2014 11:05
Insurance giant Prudential shares were making gains on Tuesday morning after analysts at Citigroup reiterated their 'buy' rating on the stock, saying they see an attractive risk-reward balance given the recent pull-back in the price. Ahead of Tuesday's 2.5% rise, the stock had fallen over 7% over t
Read moreLondon close: Stocks erase losses but still end lower
4th Feb 2014 16:31
- Earnings from ARM, BP, BG Group coming in mixed - FTSE 100 erases losses but still ends lower - Markets consolidate before risk events, says analysts techMARK 2,746.10 -0.75% FTSE 100 6,449.27 -0.25% FTSE 250 15,540.28 -0.12% The FTSE 100 erased earlier losses, but still finished lower on Tuesda
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