Monday broker round-up UPDATE
4th Nov 2013 08:07
Aggreko: Cantor Fitzgerald reduces target price from 2200p to 1700p downgrading to hold. Anglo American: Alphavalue upgrades from add to buy with a target price of 1801.3p. APR Energy: Cantor Fitzgerald raises target price from 670p to 1000p, but still recommends selling. Astra Zeneca: UBS reduce
Read moreSunday newspaper round up: M&S, CBI Europe warning, Morrisons
3rd Nov 2013 13:29
The founder of Dunelm, who is Marks & Spencer's biggest private investor, has backed Chief Executive Marc Bolland, the Sunday Telegraph reported. Bill Adderley said Bolland is a "hard worker" and that "too big a deal" has been made of disappointing results at M&S's non-food business. The billionaire
Read moreLondon close: FTSE closes marginally higher as Fed reveals divide
1st Nov 2013 16:22
- FTSE inches higher by close - Barlcays suspends six FX traders - Fed officials reveal their divided opinions - PO staff call off Monday's strike at bigger branches techMARK 2,657.61 -0.17% FTSE 100 6,734.74 +0.05% FTSE 250 15,455.69 -0.16% The FTSE ultimately settled marginally higher after sma
Read moreFTSE 100 movers: Meggitt shares hammered after update
1st Nov 2013 15:17
Meggitt had a double dose of bad news for investors as it told them trading had been "slightly" below expectations and a supply hiccup could cost 20m pounds. The FTSE 100 aerospace and defence manufacturer warned it now expected 2013 revenue growth rates to be in the "low single digits". It had give
Read moreBroker tips: RBS, Royal Dutch Shell, Wetherspoon
1st Nov 2013 11:55
Investec has recommended a 'sell' rating for Royal Bank of Scotland (RBS) after reporting a third quarter loss. "Another results day, another grim wake-up call," Investec said. "The Q3 2013 numbers reveal a plunge back into the red: Attributable Loss -£826m (Q1: +£393m, Q2: +£142m) and Q4 will be
Read moreLondon midday: FTSE higher on mixed data and Vodafone takeover talk
1st Nov 2013 11:25
- Shares trading modestly higher by lunchtime - Manufacturing PMI comes in below expectations - Vodafone leaps on takeover chatter, Meggitt slumps techMARK 2,653.51 -0.32% FTSE 100 6,732.87 +0.02% FTSE 250 15,468.65 -0.07% The FTSE was slightly higher by the midday point, as investors weighed up
Read moreBroker snap: RBS a 'sell' after third quarter results, says Investec
1st Nov 2013 09:44
Investec has recommended a 'sell' rating for Royal Bank of Scotland (RBS) after reporting a third quarter loss. The bank said that non-core operating losses widened to £845m from £586m a year earlier due to exit and restructuring costs as the bank prepares to return to privatisation. Consensus w
Read moreLondon open: FTSE slips into red despite positive start
1st Nov 2013 08:20
- FTSE initially opens higher before dropping into red - RBS to avoid 'good/bad' bank break-up - AT&T planning to take stake in Vodafone, reports claim techMARK 2,654.18 -0.29% FTSE 100 6,731.31 -0.00% FTSE 250 15,449.06 -0.20% The FTSE inched higher in early trading, but was soon down in the red,
Read moreLondon pre-open: FTSE to buck downward trend seen overnight
1st Nov 2013 07:30
City sources predict the FTSE 100 will open around 18 points higher than yesterday's close of 6,731.43, ignoring losses seen in the US overnight and a mixed performance on Asian markets. Although it was announced overnight that October Chinese factory activity climbed from 51.1 to 51.4 month-on-mo
Read moreFriday newspaper round-up: ECB, Shell, Marks and Spencer
1st Nov 2013 07:26
Pressure grew on the European Central Bank (ECB) on Thursday to cut interest rates after inflation slowed sharply in the euro-area. Meanwhile, Germany hit back at a jibe from the US Treasury that laid the blame for deflationary trends at Berlin's door. The euro area's annual inflation rate unexpecte
Read moreRBS to create internal bad bank as it reports third quarter loss
1st Nov 2013 07:07
Royal Bank of Scotland (RBS) has revealed it will not split into a so-called 'good and bad bank' as it reported a third quarter loss. The 81% state-owned bank will create an internal 'bad bank' where it will shelve off £38bn of its toxic assets. BlackRock and Rothschild were commissioned to evalua
Read moreBroker snap: Investec reiterates sell on RBS
31st Oct 2013 11:46
Investec reiterated its sell recommendation on Royal Bank of Scotland ahead of rumours that its good bank/bank review will be announced on Friday alongside the company's third quarter statement. Analyst Ian Gordon said even in the absence of an outright good bank/bad bank split, more "covert" step
Read moreTuesday tips round-up: RBS, Aggreko, Fidessa
29th Oct 2013 07:05
The task facing new UKFI Chief James Leigh Pemberton is to manage the government's stakes in RBS, Lloyds and a portfolio of other troubled assets. However, and contrary to what one might expect, his real challenge is political rather than financial. Later this week the government - not UKFI - will a
Read moreRBS re-launch expected this week with reforms
28th Oct 2013 09:43
The Royal Bank of Scotland (RBS) is expected to be re-launched this week with reforms including splitting the lender into a 'good bank' and a 'bad bank', according to the Financial Times. The bank will also on Friday release its third quarter results which are likely to be overshadowed by questions
Read moreRBS open to speeding up IPO of US unit
25th Oct 2013 09:44
Royal Bank of Scotland is keen to proceed with an initial public offering (IPO) of its US subsidiary, Citizens, more quickly than originally envisaged, if market conditions are right, sources have told Reuters. In February the troubled British lender said that it planned to sell between 20% and 25%
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