Thursday broker round-up UPDATE
11th Jul 2013 08:23
Afren: JP Morgan reduces target price from 195p to 165p and downgrades to underweight. Associated British Foods: Panmure Gordon increases target price from 1800p to 2100p upgrading from hold to buy. AVEVA Group: JP Morgan ups target price from 2300p to 2430p and retains a neutral rating. Aviva: M
Read moreLondon close: BoE and ECB relieve market angst
4th Jul 2013 17:36
As might have been expected, in their first meeting with Mark Carney at the helm the Monetary Policy Committee [MPC] managed to surprise markets by introducing a first taste of the much-vaunted forward policy guidance. Although analysts' reactions seem to be somewhat mixed, with some seeing hints o
Read moreWednesday broker round-up UPDATE
3rd Jul 2013 09:16
Aberdeen Asset Management: Bank of America reduces target price from 410p to 360p maintaining an underperform rating. ARM Holdings: UBS upgrades to buy from neutral, keeps target price at 970p. Cineworld: Investec ups target price from 347p to 360p and keeps a buy recommendation. N+1 Singer moves
Read moreWednesday tips round-up: Persimmon, Anite, Oracle
3rd Jul 2013 06:41
UK housebuilder Persimmon has seen its share price soar over the past two years as margins have improved, notes The Telegraph's Questor. The company, like the rest of the sector, has enjoyed strong trading with a total of 5,022 homes sold at an average selling price of 179,200 pounds in the first si
Read moreLondon close: Stocks erase losses after late US-inspired rally
2nd Jul 2013 16:34
A strong start on Wall Street helped the FTSE 100 erase its earlier losses on Tuesday, though markets still ended flat ahead of some key 'risk events' expected later on in the week. After hitting an intraday low of 6,268 earlier on, London's benchmark index rallied strongly in afternoon trade to fi
Read moreLondon midday: Markets pull back ahead of key risk events
2nd Jul 2013 11:32
The FTSE 100 was trading firmly lower on Tuesday morning with profit-taking evident after a strong performance over the past week, as investors gear up for central-bank meetings and key US data later in the week. London's benchmark index jumped 1.5% yesterday as it continued to rebound strongly af
Read moreBroker tips: Persimmon, Berendsen, PZ Cussons
2nd Jul 2013 11:10
Jefferies has kept its 'hold' rating and 1,162p target price for UK house builder Persimmon despite an upbeat second-quarter trading update, saying that the stock's valuation looks 'full'. Analyst Anthony Codling said that the statement was "robust" and backed up its view that the government's stim
Read moreBroker snap: Persimmon's valuation 'full' despite robust Q1, says Jefferies
2nd Jul 2013 09:24
Jefferies has kept its 'hold' rating and 1,162p target price for UK house builder Persimmon despite an upbeat second-quarter trading update, saying that the stock's valuation looks 'full'. Nevertheless, analyst Anthony Codling said that the statement was "robust" and backed up its view that the gov
Read moreLondon open: Stocks lower, traders take profits after recent gains
2nd Jul 2013 08:53
The FTSE 100 opened firmly lower on Tuesday morning as investors paused for breath following a decent performance over the last week. London's benchmark index jumped 1.5% yesterday as it continued to rebound strongly after hitting a five-month low of 6,029 last Monday on the back of concerns over a
Read moreTuesday broker round-up UPDATE
2nd Jul 2013 08:24
Amara Mining: Westhouse Securities raises target price from 60p to 90p and stays with its buy recommendation. Canaccord Genuity lowers target price from 50p to 40p maintaining its buy recommendation. Anite Group: Panmure Gordon shifts target price from 171p to 177p and reiterates a buy recommendati
Read moreLondon pre-open: Markets expected to consolidate after strong gains
2nd Jul 2013 07:20
UK markets are expected to open flat to slightly lower on Tuesday morning despite a decent performance on US and Asian markets overnight, as investors pause for breath after the solid gains made the day before. City sources predict the FTSE 100 will open down around five points from yesterday's cl
Read morePersimmon's half-year revenues rise
2nd Jul 2013 07:02
UK housebuilder Persimmon said revenues rose in the first half as it completed seven per cent more homes than the previous year at a higher average selling price. Total revenues for the for the first six months of the year came to £900m, up 12% on last year's £806.7m, after finishing 5,022 new home
Read moreLondon midday: Markets lower ahead of non-farm payrolls
7th Jun 2013 11:45
Markets were trading in a cautious fashion on Friday morning ahead of the eagerly-anticipated employment report from the States due out this afternoon. The FTSE 100 finished 1.3% lower on Thursday at 6,336, its lowest level since April 22nd, as the recent pattern of market volatility continued in a
Read moreLondon open: Stocks flat as markets nervously await US jobs data
7th Jun 2013 08:24
After falling to its worst level in over six weeks, London's FTSE 100 opened broadly flat on Friday morning with investors refraining from building positions ahead of the all-important US jobs report due out this afternoon. The Footsie finished 1.3% lower on Thursday at 6,336, its lowest level sinc
Read moreWednesday broker round-up UPDATE
5th Jun 2013 09:34
Aberdeen Asset Mangement: UBS cuts target price from 520p to 505p, while maintaining its buy recommendation. Alternative Networks: Investec revises target price from 350p to 390p keeping a buy recommendation. API Group: Numis upgrades to add with a target price of 75p. Ashmore Group: UBS lowers t
Read more