Wednesday broker round-up - UPDATE
28th Mar 2012 08:24
Babcock: UBS ups target from 800p to 880p, reiterates buy rating. Compass Group: Nomura keeps buy rating and 800p target. GKN: Investec reiterates buy rating and 240p target. Hansteen: Jefferies reiterates hold recommendation and 80p target. Henderson: Investec upgrades from hold to buy. Qineti
Read moreFTSE 250 movers: PZ Cussons at the bottom on the pile
27th Mar 2012 14:26
PZ Cussons, the Imperial Leather soap maker, was in the bottom spot after announcing its second profit warning since November. The company warned that the impact of economic and social tensions in its largest market of Nigeria would be significant, resulting in overall performance being some way be
Read moreLondon midday: Gains pared despite strong performance by banks
27th Mar 2012 11:55
- Government may cut stake in RBS - Defensives sold off - Resolution could split before sale The Footsie was nearly back where it started by midday, after gains were trimmed as heavy losses for Resolution, Compass and utilities stocks weighed on the blue chip index. The earlier rise for London's
Read moreBroker tips: Babcock, Ophir Energy, PZ Cussons
27th Mar 2012 11:47
Peel Hunt has maintained its positive rating for engineering support services group Babcock after an in-line pre-close trading update this morning. "With an acceleration in organic growth to come as the pipeline continues to convert, the potential for increased merger synergies and deleverage conti
Read moreBroker snap: Jefferies keeps underperform rating for PZ Cussons
27th Mar 2012 10:42
Jefferies has maintained its negative stance on cosmetic production group PZ Cussons following the group's profit warning this morning. The firm, which makes Imperial Leather soap, has warned the impact of economic and social tensions in its largest market of Nigeria would be significant, resulting
Read moreTuesday broker round-up - UPDATE
27th Mar 2012 09:21
Aberdeen Asset Management: UBS ups target from 300p to 310p, buy recommendation maintained. Babcock: Investec raises target from 810p to 850p, buy rating kept; Peel Hunt reiterates buy rating and 855p target; Jefferies keeps buy rating and 780p target. Bellway: Investec downgrades from buy to hold
Read morePZ Cussons issues profit warning
27th Mar 2012 07:50
PZ Cussons, the Imperial Leather soap maker, has warned the impact of economic and social tensions in its largest market of Nigeria would be significant, resulting in overall performance being some way below expectations. The firm said two key issues that were adversely affecting performance had c
Read moreLondon close: Stocks down on Greek concerns
24th Jan 2012 16:41
- Banks sold off as Greek talks continue. - S&P downgrades three French banks. - IMF cuts world GDP growth forecast. UK stocks were off their intraday lows but still finished firmly in the red on Tuesday, with global markets in negative territory as European leaders continue to argue over Greece
Read moreFTSE 250 movers: Chemring in bottom spot
24th Jan 2012 14:44
Military equipment maker Chemring was the biggest faller after saying that its traditional markets "will not be any easier this year". Investors seemed to focus more on what finnCap called a "lacklustre" outlook statement and less on the 25% rise in revenue and 6% improvement in underlying pre-tax p
Read moreLondon midday: Banks drag Footsie lower
24th Jan 2012 11:44
- Banks sold off as Greek talks continue. - S&P downgrades three French banks. - Defensives in demand. The banks had dragged London's blue chip index to its lowest levels of the day by lunchtime as eyes continued to be fixed on the Eurozone. While the attention seems to be mostly on Greece, the d
Read moreLondon open: Cairn, financials weigh on Footsie
24th Jan 2012 08:32
UK stocks fell in early trading on Tuesday, giving up some gains made yesterday, as talks in Greece continue to drag on. Despite banks and other private institutions represented by the Institute of International Finance (IIF) having presented yesterday what they considered to be their "maximum offe
Read morePZ Cussons profits to be at low end
24th Jan 2012 07:15
PZ Cussons, the 'Imperial Leather' soap maker, warned that full-year profits will be at the lower end of market expectations, as it struggles with problems largely beyond its control, including civil unrest in Nigeria, its largest market. "We anticipate trading conditions in some markets will conti
Read moreTuesday preview: PZ Cussons, Sage Group
23rd Jan 2012 15:26
'Imperial Leather' soap maker PZ Cussons issued a profit warning back in December so while Tuesday's interim figures are unlikely to make pleasant reading for shareholders, at least they have been forewarned. The firm said high raw material costs and adverse exchange rate movement had continued to
Read moreLondon close: Footsie fades
5th Jan 2012 16:54
London finished lower for the second day in succession, despite some reasonable economic data relating to the all-important UK service economy. The Markit/CIPS service sector purchasing managers´ index for the month of December came in at 54.0 points, versus the 52.1 reading for the previous month.
Read moreLondon midday: Footsie falls, but High St. shows signs of life
5th Jan 2012 12:10
Footsie has turned south after a firm start, with inter-dealer broker ICAP leading the retreat after a trading update from sector peer Tullett Prebon in which it disclosed a chunky exceptional charge for restructuring. Tullett Prebon not entirely friendless Tullett Prebon expects revenue for 2011
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