FTSE 250 movers: Ophir falls on placing news
7th Feb 2013 15:22
Shares in Ophir Energy fell after Credit Suisse confirmed that it has sold 36m shares on behalf the investment funds of two stakeholders, Och-Ziff Capital Management and Mittal Investments. The news overshadowed a positive update from the company also out today, in which the group said that its 40
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
Read moreFTSE 250 movers: Imagination Tech rises on Morgan Stanley upgrade
30th Jan 2013 15:56
Chip designer Imagination Tech was a high riser after Morgan Stanley upgraded the stock to 'overweight' and increased its target price from 450p to 570p. PZ Cussons got a boost after JP Morgan upped its target price from 310p to 370p and reiterated a neutral rating. Iron ore pellet producer Ferre
Read moreWednesday broker round-up - UPDATE
30th Jan 2013 07:03
Alternative Networks: Investec increases target price from 310p to 330p retaining a buy rating. Anglo American: Deutsche Bank takes price target from 2200p to 2260p, while its buy recommendation remains unchanged. Antofagasta: Bank of America reduces target price from 1500p to 1400p and downgrades
Read moreLondon close: Markets at five-year high after US earnings
29th Jan 2013 16:49
After a subdued morning session, the FTSE 100 rallied in afternoon trade to finish at its highest level since early 2008, helped by upbeat earnings from corporate heavyweights in the US. The Dow Jones Industrial Average in New York was also trading at a five-year high today after pharmaceutical gro
Read moreFTSE 250 movers: Investec given boost by Morgan Stanley upgrade
29th Jan 2013 16:04
Investec was boosted by Morgan Stanley's decision to upgrade the stock to overweight. Bookmaker William Hill was also a high riser after saying its good performance continued into its final quarter after strong trading in retail and online. Net revenue grew by 12% in the 53 weeks to January 1st wh
Read moreLondon midday: Markets cautious ahead of US data, earnings
29th Jan 2013 11:45
UK stocks were slightly lower by Tuesday lunchtime with markets pausing for a breather after hitting multi-year highs, as investors awaited economic data and corporate earnings in the US. So far in January, the FTSE 100 has risen nearly 400 points, representing a 6.6% jump. Stocks initially start
Read moreLondon open: Markets helped higher by German sentiment
29th Jan 2013 08:20
Stock markets began Tuesday's session moderately higher with German sentiment data providing some support, as indices attempted to hold on to their recent gains after an impressive start to 2013. So far in January, the FTSE 100 has risen over 400 points, equal to a 6.9% jump. "European financial
Read moreLondon pre-open: FTSE expected to break through 6,300 level early on
29th Jan 2013 07:28
City sources predict the FTSE 100 will open up 12 points from yesterday's close of 6,294, pushing the index above the 6,300 mark for the first time since May 2008. In the US, mixed economic data resulted in a broadly flat end to Monday's session, with traders taking a breather following an impress
Read moreTuesday broker round-up UPDATE
29th Jan 2013 07:26
Anglo American: JP Morgan takes price target from 1630p to 1680p, while its underweight rating remains unchanged. ARM Holdings: Jefferies raises target price from 693p to 805p keeping a hold recommendation. Astra Zaneca: Barclays ups target price from 3100p to 3200p and retains an equal-weight rat
Read morePZ Cussons posts profits in line with forecasts
29th Jan 2013 07:03
Consumer products giant PZ Cussons posted on Tuesday a rise in profits in line with market expectations. The company, which owns Original Source shampoo, Morning Fresh washing up liquid and Imperial Leather soap, reported a 9.7% increase in profits before tax of £44.1m for the six months to Novembe
Read moreTuesday preview: PZ Cussons expected to unveil profit growth
28th Jan 2013 15:18
Consumer products giant PZ Cussons is expected clean up in its first half results, which are set to be released Tuesday. Analysts at Panmure Gordon Research last week forecast a profit before tax growth of 9.7% to £44.1m, driven by a strong recovery in Asia and a move to a variable cost business mo
Read moreThursday broker round-up UPDATE
10th Jan 2013 07:10
Afren: Morgan Stanley takes target price from 215p to 220p and reiterates an overweight rating. Alent: Bank of America starts with a target price of 370p and a buy recommendation. Associated British Foods: Goldman Sachs moves its target price from 1160p to 1190p and maintains a sell rating. AVEVA
Read moreBroker tips: PZ Cussons, Berkeley, Cape
7th Dec 2012 11:12
Investec has raised its price target for cosmetic products group PZ Cussons from 300p to 335p after the firm confirmed that it is to return to profit growth in the first half. However, the broker kept its 'hold' rating, saying that much depends on how Nigeria (described as "fragile" by PZ Cussons)
Read moreBroker snap: Investec ups target for PZ Cussons
7th Dec 2012 11:09
Investec has raised its price target for cosmetic products group PZ Cussons from 300p to 335p after the firm confirmed that it is to return to profit growth in the first half. In a trading update on Thursday, the Imperial Leather soap maker said performance for the first half of the year had been i
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