London midday: Markets cautious after mixed economic data
11th Mar 2013 11:46
The FTSE 100 was trading within a narrow range on Monday morning as traders remained cautious following a barrage of mixed economic data over the past few days. With indices across the globe trading at (or close to) record highs, markets are appearing to pause for breath after a strong run so far t
Read moreLondon open: Italian downgrade weighs on markets early on
11th Mar 2013 08:37
UK markets opened cautiously on Monday as sentiment was dampened by Fitch Ratings, which downgraded its credit rating for Italy in the aftermath of an inconclusive election. Fitch downgraded Italy to 'BBB+' from 'A-' and kept the outlook at 'negative', saying that last month's elections make it unl
Read moreLondon pre-open: FTSE to start week flat
11th Mar 2013 07:31
City sources predict the FTSE 100 will open unchanged from Friday's close of 6,484, ahead of GDP releases in various small - but crisis prone - periphery economies such as Cyprus and Greece. Also on the agenda today is the German balance of trade reading and RPI, as well as the country's current a
Read moreMonday broker round-up UPDATE
11th Mar 2013 07:23
Admiral Group: Berenberg ups target price from 1000p to 1060p, but still recommends selling. Amlin: Westhouse Securities raises target price from 440p to 455p, but downgrades from add to neutral. Anite Group: Invetsec downgrades from buy to hold with a target price of 157p. Aviva: Citigroup reduc
Read moreLadbrokes extends partnership with Playtech
11th Mar 2013 07:01
Betting group Ladbrokes has unveiled plans to extend its relationship with Playtech, the online gaming software company, as part of the former's 're-invigoration' of its Digital business. Ladbrokes will create a new e-commerce and digital marketing services operation, to be integrated with the com
Read moreSunday newspaper round-up: BP, Virgin Atlantic, Prudential
10th Mar 2013 20:26
BP announced that at the 'core' level - excluding production from its TNK-BP joint venture - it only replaced 6 per cent of the reserves which it tapped last year. That is an unusually low figure for an oil major and reflects the slow pace of its recovery. Nevertheless, some analysts point out that
Read moreFriday broker round-up UPDATE
8th Mar 2013 07:42
Advanced Computer Software Group: Canaccord Genuity raises target price from 80p to 108p and reiterates a buy recommendation. Aggreko: Jefferies raises target price from 2000p to 2200p keeping its buy recommendation. Cantor Fitzgerald takes target price from 2020p to 2200p and stays with its buy re
Read moreLondon midday: Risk appetite declines as US budget cuts loom
1st Mar 2013 12:04
After an initial stint in positive territory, UK stock markets swung sharply into the red by Friday lunchtime as concerns about budget cuts in the US take their toll on risk appetite. Sequestration is continuing to dominate headlines this morning as the deadline for across-the-board automatic budge
Read moreBroker snap: William Hill to re-rate strongly, says Panmure Gordon
1st Mar 2013 10:48
Panmure Gordon has reiterated its 'buy' rating and 436p target price for HIgh Street betting shop William Hill after digesting the company's full-year results, the buy-out of its online partner and a rights issue. Pre-tax profits in 2012 came in at £293m, up 22% year-on-year and in line with the up
Read moreFTSE 250 movers: Bwin.party jumps on speculation
8th Feb 2013 15:47
Online gaming firm bwin.party jumped on speculation that it could receive a licence to operate in New Jersey. "Now is the time for the state to move forward, leading the way for the nation, by becoming one of the first states to permit internet gaming," New Jersey's Governor Chris Christie was quo
Read moreOnline gambling surges as New Jersey Governor backs the industry
8th Feb 2013 13:24
Online gambling stocks soared Friday after the Governor of the US state of New Jersey said he would legalise betting on the internet if it had a 10-year trial period and higher tax rate on casinos. Chris Christie vetoed a bill to sanction online gaming on Thursday but said he would support the mov
Read morePlaytech Q4 revenue leaps 20 per cent
7th Feb 2013 07:34
Online gaming software company Playtech posted a 20 per cent leap in total revenues for the three months ended December 31st, boosted in particular by improvements in both Casino and Services income. Quarterly revenues of €83.9m, up from €69.6m the same period the previous year, contributed to a 5
Read moreThursday broker round-up UPDATE
7th Feb 2013 07:14
African Barrick Gold: Deutsche Bank shifts target price from 415p to 410p, while its hold recommendation is maintained. Ashmore Group: Canaccord Genuity moves target price from 315p to 399p and upgrades to buy. Atkins: JP Morgan takes target price from 859p to 893p and reiterates an overweight rat
Read moreWednesday broker round-up UPDATE
6th Feb 2013 10:12
ARM Holdings: Investec ups target price from 900p to 940p, maintaining its hold recommendation. JP Morgan increases target price from 540p to 625p and retains a neutral rating. UBS moves target price from 900p to 930p, while its neutral rating is reiterated. Espirito Santo raises target price from 8
Read moreThursday broker round-up UPDATE
31st Jan 2013 07:07
Aberdeen Asset Management: Bank of America ups target price from 400p to 425p maintaining a neutral rating. Afren: JP Morgan lowers target price from 210p to 195p and downgrades to neutral. Amino Technologies: Northland Capital raises target price from 85p to 90p keeping a buy recommendation. Ant
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