Tuesday broker round-up - UPDATE
21st Feb 2012 09:00
Admiral: Nomura reiterates buy recommendation and 1,100p target; Credit Suisse upgrades to outperform from neutral, lifts target from 1,100p to 1,300p. Morrison: Goldman Sachs adds to conviction sell list. Petropavlovsk: Nomura upgrades from reduce to neutral, target upped from 860p to 910p. Aber
Read moreTuesday broker round-up - UPDATE
10th Jan 2012 09:15
Cairn Energy: Oriel upgrades to add from hold. Tesco: Bank of America Merrill Lynch downgrades to neutral from buy. Marks & Spencer: Panmure Gordon reiterates hold and 307p target; Peel Hunt maintains hold and 350p target. Barclays: UBS cuts target from 215p to 199p, neutral rating unchanged. R
Read moreMarket underwhelmed by Rathbone's recovery
10th Jan 2012 09:06
Funds under management (FUM) at investment management firm Rathbone Brothers recovered in the fourth quarter, ensuring the end-year figure came in a bit higher than a year earlier. Total FUM as at the end of 2011 stood at £15.85bn, up from £15.1bn at the end of September, and up 1.4% from the end-2
Read moreRathbone drops a billion
1st Nov 2011 10:02
Investment management firm Rathbone Brothers saw a net inflow of funds in the third quarter, despite volatile markets which saw total funds under management slip back by more than £1bn. Total funds under management at the end of September stood at £15.1bn, down from £16.36bn at the end of June. T
Read moreIntertek chairman sells more shares
20th Sep 2011 16:34
Vanni Treves, chairman of the FTSE 100-listed testing company Intertek, has offloaded a big chunk of shares, netting nearly £200,000. He sold 10,000 shares at 1,980p a time and still has 20,000. The shares have been hit by the general market decline since April, when Treves sold 24,048 shares at 2
Read moreLondon close: Blue chips close flat
17th Feb 2011 16:51
Footsie closed the day a shade higher having traded in a very narrow range all day as both buyers and sellers seem preoccupied with other things. Life insurance consolidator Resolution closed as top performer saying it is unlikely to make any further acquisitions this year. Instead, it will focus
Read moreLondon afternoon: Footsie stumbles after US CPI data
17th Feb 2011 14:43
Footsie fell back over the lunchtime session with sentiment taking a knock from a bigger than expected increase in US consumer prices. The US Consumer Price Index rose 0.4% in January, as it did in December, on the back of higher fuel and food prices. Economists had pencilled in a 0.3% rise. On th
Read moreLondon midday: Shares little changed
17th Feb 2011 12:07
Banks are setting the pace today, while other stocks are moving in both directions after updates. The FTSE 100 is flat overall. Nomura says Lloyds Banking Group is the preferred name of the UK lenders, and has the best exposure to recovery of traditional banking, without the overhang of a capital m
Read moreLondon open: Shares edge higher
17th Feb 2011 08:40
The FTSE 100 has moved higher in early dealings, with miners helping to offset weakness on the back of company updates. African Barrick Gold, which yesterday announced strong sales figures for the full year, is leading the mining sector - and the FTSE 100 - higher. However, elsewhere in the FTSE
Read moreLondon pre-open: Footsie to creep ahead
17th Feb 2011 07:38
Last night's two-year high on Wall Street and further gains in the Far East this morning look like nudging London up a couple of points in early trade. There's also the usual stampede of company results. B&Q owner Kingfisher expects full-year profit to be at the top end of expectations after stren
Read moreFUM at Rathbone top £15bn
17th Feb 2011 07:03
Total funds under management (FUM) exceeded £15bn for the first time ever at wealth management firm Rathbone Brothers last year. Underlying profit before tax in 2010 rose 18.8% to £38.5m from £32.4m in 2009, topping the consensus market forecast of £35.55m. This was despite the company having to s
Read moreIG Group latest to receive FSA compensation bill
27th Jan 2011 13:24
Spreadbet firm IG Group has one month to pay £4m into the Financial Services Compensation Scheme to help refund retail investors who lost money they had in firms that collapsed last year. The invoice is in addition to the £1m provisioned for and, although the company is certainly able to afford it,
Read moreCautious optimism at Rathbone
6th Jan 2011 07:38
Wealth management firm Rathbone said 2010 finished on a buoyant note, capping a year in which the company saw a surge in funds under management in 2010. Total funds under management as at 31 December 2010 were £15.63bn, up 19.3% from £13.10bn as at 31 December 2009. Funds managed by Rathbone Inves
Read moreBroker tips: Anglo American, Talvivaara, Rathbone
4th Nov 2010 13:17
Panmure Gordon sees South Africa as an increasingly less attractive mining destination and no longer rates Anglo American shares as worth buying. According to the broker's calculations, the $237m cost savings achieved by Anglo American from asset optimisation have been outweighed by the mining gian
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
29th Jul 2010 12:39
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1139 GMT [Dow Jones] Royal Bank of Scotland cuts Rathbone Brothers (RAT.LN) price target to 954p from 995p. Regards the stock
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