Monday broker round-up UPDATE
14th Apr 2014 09:16
AMEC: Deutsche Bank raises target price from 1250p to 1400p retaining a buy recommendation. AO World: Numis initiates with a target price of 350p and a buy recommendation. BBA Aviation: Goldman Sachs cuts target price from 425p to 405p and keeps a buy recommendation. Bovis Homes Group: Goldman S
Read moreBroker tips: Vodafone, Shell, Reed Elsevier...
17th Mar 2014 13:00
Vodafone's 7.2bn-euro offer for Spanish telecoms group Ono is a "vital strategic move", according to Jefferies, which said that a stabilisation of the UK group's business in Spain is now possible. "The clear positive from this morning [...] is that VOD is addressing a key strategic weakness proact
Read moreBerenberg downgrades Reed Elsevier, valuation 'up with events'
17th Mar 2014 11:21
Berenberg has downgraded its rating for publishing and information services group Reed Elsevier from 'buy' to 'hold', saying that while it has kept a positive stance on the stock upside is limited. The broker said that Reed delivered a "textbook" set of 2013 results despite disappointing figures fr
Read moreLondon open: Stocks gain after Crimea vote, housebuilders rise
17th Mar 2014 08:49
- Crimea votes overwhelmingly to rejoin Russia - FTSE 100 bounces after three per cent fall last week - Housing stocks gain on Help to Buy extension - Vodafone to buy Ono for 7.2bn euros techMARK 2,784.02 +0.68% FTSE 100 6,552.67 +0.38% FTSE 250 16,257.31 +0.82% UK equities were making decent gain
Read moreMonday broker round-up UPDATE
17th Mar 2014 08:31
Admiral Group: Credit Suisse raises target price from 1340p to 1425p and keeps a neutral rating. African Barrick Gold: Canaccord Genuity ups target price from 315p to 330p and maintains a buy recommendation. Amara Mining: Canaccord Genuity moves target price from 25p to 33p and reiterates its buy
Read moreTuesday broker round-up UPDATE
11th Mar 2014 09:03
Aviva: RBC Capital takes target price from 400p to 550p upgrading to neutral. Nomura increases target price from 489p to 625p and reiterates a buy recommendation. Balfour Beatty: Citi raises target price from 220p to 310p maintaining a neutral rating. Goldman Sachs reduces target price from 335p to
Read moreTate & Lyle exec builds stake on behalf of children
5th Mar 2014 15:59
Javed Ahmed, an Executive Director of Tate & Lyle, added 20,000 shares to his stake in the group, which he registered in the name of his children. The 639.46p-a-share deal took Ahmed's interest to 1.2m shares. He also transferred a total of 55,356 shares to his two children as a gift on the same d
Read moreJefferies rates Pearson a "hold" after 2014 profits warning
28th Feb 2014 10:01
Pearson shares have been rated a "hold" by Jefferies with a target price of 1128p after the publishing company reported a 27 per cent fall in adjusted operating profits to 736m pounds. After warning of another year of tough trading conditions in the US, with a stronger pound making matters worse, P
Read moreFriday broker round-up UPDATE
28th Feb 2014 09:51
Barratt Developments: Liberum Capital ups target price from 430p to 468p and keeps a buy recommendation. Deutsche Bank takes target price from 394p to 452p and retains a buy recommendation. Citi raises target price from 390p to 460p and maintains its buy recommendation. Bodycote: FinnCap increases
Read moreFriday tips round-up: Man Group, Reed Elsevier
28th Feb 2014 08:22
After a poor start to the decade in terms of investment performance, fund manager Man Group was last year finally able to right the ship, at least for now. In its favour, the firm's performance fees, at 16 per cent of revenues, are above the average level in the industry of 10 per cent. Hence, it is
Read moreInsurers help Reed Elsevier to lift FY profits
27th Feb 2014 15:16
Strong demand from insurers helped business information group Reed Elsevier to drive annual profits higher. Reed said its risk business, which provides data to the financial services industry, increased underlying revenue by 8% to £933m last year thanks to the insurance industry's healthy take-up o
Read moreFTSE 100 movers: Capita leads as RBS sinks
27th Feb 2014 15:06
Outsourcing specialist Capita led the upside after it said it had won 588m pounds-worth of new contracts so far in 2014, as it lifted pre-tax profits by 14 per cent to 215m pounds for the 2013 full-year. Revenues rose 15 per cent to 3.85bn pounds and operating profits increased to 516m pounds from 3
Read moreThursday broker round-up UPDATE
27th Feb 2014 09:55
Balfour Beatty: Berenberg moves target price from 340p to 350p and stays with a buy recommendation. Bodycote: FinnCap places both its target price (prev.: 620p) and its hold recommendation under review. Investec raises target price from 770p to 810p and keeps a buy recommendation. Numis upgrades fr
Read moreMonday broker round-up UPDATE
27th Jan 2014 09:30
Aberdeen Asset Management: Espirito Santo cuts target price from 573p to 514p and keeps a buy recommendation. Morgan Stanley reduces target price from 492p to 393p and stays with its equal-weight rating. Amino Technologies: N+1 Singer shifts target price from 89p to 93p and reiterates a hold recomm
Read moreLondon pre-open: FTSE to inch higher ahead of European data
7th Jan 2014 07:31
City sources predict the FTSE 100 will open around seven points above yesterday's close of 6,730.73, largely ignoring declines suffered in both the US and Asia as attention turns to German unemployment and Eurozone inflation. A report issued yesterday showed that service-sector activity growth had
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