Monday broker round-up UPDATE
26th Nov 2012 07:18
Aberdeen Asset Management: Peel Hunt downgrades to hold, target price rises to 365p from 350p. Associated British Food: Investec raises target price from 1300p to 1400p, hold recommendation maintained. Barclays: JP Morgan raises target price from 250p to 320p and upgrades to overweight. Beazley:
Read moreThursday broker round-up UPDATE
22nd Nov 2012 07:19
Alternative Networks: Westhouse Securities downgrades from buy to add, target price of 280p kept. Babcock International: UBS downgrades from buy to neutral. Barr (AG): N+1 Singer raises target price from 402p to 525p and upgrades to buy. Belvoir Lettings: Seymour Pierce raises target price from 9
Read moreMonday broker round-up UPDATE
19th Nov 2012 07:34
Aquarius Platinum: Nomura raises target price from 35p to 95p and upgrades from neutral to buy. Associated British Foods; Societe Generale upgrades to buy from hold. Atkins: Jefferies reduces target price from 850p to 800p, buy recommendation reiterated. Aveva: Panmure Gordon reduces target price
Read morePru says retail investors are returning in force
14th Nov 2012 09:17
New business in the UK and the US overshadowed growth in Asia, for once, at insurance giant Prudential in the third quarter. Sales on an annualised premium equivalent (APE) basis in the third quarter rose 19% to £1,048m from £880m a year earlier. Sales in Asia rose 6% to £429m in the third quarter
Read moreSector movers: Resolution leads insurers higher after broker upgrade
6th Nov 2012 15:06
Life insurers were performing well on Tuesday afternoon with a host of heavy-hitters on the FTSE 350 providing a lift. Resolution was the standout performer in the sector today after Bank of America Merrill Lynch raised its rating on the stock from 'neutral' to 'buy'. The US broker cited an attract
Read moreLondon midday: Investors flee from risk ahead of US elections
5th Nov 2012 11:26
- Investors risk averse ahead of elections - UK services PMI disappoints - Greece to vote on austerity Nervousness ahead of the US presidential elections saw stocks head lower on Monday morning, with losses cemented by a worse-than-expected reading of service-sector activity in the UK. In regards
Read moreLondon open: HSBC and miners provide a drag early on
5th Nov 2012 08:39
UK stocks declined sharply on Monday morning on the back of a mixed reaction to economic data from China and caution ahead of the presidential elections in the US and a parliamentary vote in Greece. The HSBC China services sector purchasing managers' index (PMI) fell from a four-month high of 54.3
Read moreMonday broker round-up
5th Nov 2012 08:19
Aggreko: Goldman Sachs cuts target from 3,692p to 3,460p, conviction buy rating kept. Asian Citrus: Seymour Pierce keeps buy rating and 50p target; BG Group: Nomura keeps buy rating and 1,600p target. BP: HSBC cuts target from 550p to 530p, overweight rating kept. Brewin Dophin: RBC Capital Mark
Read moreLondon pre-open: Investors await outcome of US election
5th Nov 2012 07:26
City sources predict the FTSE 100 will open down 29 points from yesterday's close of 5,869, as investors await the outcome of the US presidential election, the results of which are due this week. Furthermore, there is some nervousness ahead of key votes in Greece this week on further austerity measu
Read morePru in strategic Thai life assurance partnership -UPDATE
5th Nov 2012 07:19
Insurance goliath Prudential has entered into a long-term exclusive bancassurance partnership in Thailand with Thai firm Thanachart Bank. The deal between the two involves the Pru buying the Thanachart Life Assurance Company from Thanachart, the fifth larges retail bank in Thailand, for £358m in ca
Read moreBroker snap: UBS labels Pru and Aviva as its top insurance picks
30th Oct 2012 17:15
Insurance stocks were surprisingly making gains today in spite of Hurricane Sandy hitting the east coast of America, as markets get ready for the UK insurance and life assurance nine-month results season, which kicks off tomorrow with statements due out from Standard Life, St James's Place and Phoen
Read moreLondon close: Markets rebound on low volumes
30th Oct 2012 16:59
With US stock markets remaining closed for a second straight day as Hurricane Sandy continues to batter the shores of America's East Coast, equities across the Pond rebounded as investors celebrated decent results from a number of heavy hitters across Europe. "Trading remained thin today as the NYS
Read moreTuesday broker round-up - UPDATE
30th Oct 2012 08:23
African Barrick Gold: Nomura cuts target from 605p to 525p, buy rating kept. Aggreko: Seymour Pierce keeps buy rating and 2,500p target. Aquarius Platinum: Seymour Pierce keeps reduce rating and 34p target. ARM Holdings: Jefferies raises target from 485p to 693p, hold rating kept. ASOS: HSBC hik
Read moreLondon open: Stocks fall as Hurricane Sandy hits the US
29th Oct 2012 08:31
- New York trading suspended - UK equity markets cautious - Financials fall early on The UK stock market started in the red on Monday morning as investors showed caution as Hurricane Sandy hits the east coast of America. Dubbed as the '100-year storm', Hurricane Sandy has prompted the cancellatio
Read moreFTSE 100 movers: Anglo American soars as search for new CEO begins
26th Oct 2012 15:26
Leading the risers was diversified mining titan Anglo American after announcing that it is on the look out for another CEO after Cynthis Carroll revealed her decision to resign. "It is a very difficult decision to leave, but next year I will be entering my seventh year as Chief Executive and I fee
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