FTSE 100 movers: Kazakhmys in red on plans to slash divi
28th Feb 2013 15:21
Copper giant Kazakhmys was the worst performer of the day after saying that it would be slashing its dividend for 2012 to reflect falling profits. The company also said that its CFO would step down in May, when its Chairman is also due to retire. UK lender RBS slumped in morning trade despite core
Read moreLondon midday: RBS, miners limit gains on the Footsie
28th Feb 2013 11:45
Markets were lifted higher on Thursday morning by upbeat comments about central bank stimulus, though heavy losses from RBS and a number of miners were limiting gains for the FTSE 100. Speaking to Senate's Banking Committee on Capitol Hill over the last two days, US Federal Reserve Chairman Ben Ber
Read moreLondon open: Stocks gain as central bankers back stimulus
28th Feb 2013 08:28
Stocks were making solid gains on Thursday morning after the heads of central banks in the US and Europe defended their current easing policies. Speaking to Senate's Banking Committee on Capitol Hill over the last two days, US Federal Reserve Chairman Ben Bernanke defended the Fed's asset purchase
Read moreReed Elsevier records hike in profits and revenues
28th Feb 2013 07:35
Publishing and events group Reed Elsevier reported a rise in revenues for 2012, driven by volume growth, new products and expansion in lucrative markets. Revenue came to £6.1bn for the year to December 31st, up 2.0% from £6.0bn in 2011. Adjusted pre-tax profit grew 8.0% to £1.4bn for the period wh
Read moreFTSE 100 movers: InterContinental Hotels dives on falling RevPAR
19th Feb 2013 15:28
Holiday Inn owner InterContinental Hotels became the worst performer on the FTSE after saying that revenue per available room (RevPAR) had fallen 5.2 per cent in 2012. Nevertheless, strong growth in the US and cost cuts helped to produce a 10 per cent increase in operating profits. Vodafone Group
Read moreBroker tips: Reed Elsevier, Ladbrokes, Britvic
19th Feb 2013 11:04
UBS has raised its target price for Reed Elsevier from 770p to 790p and reiterated its 'buy' rating for the stock ahead of the publishing and exhibitions group's full-year results later this month. The broker said that cash returns are "accelerating" and there could be an announcement of an ongoing
Read moreBroker snap: UBS lifts Reed Elsevier target ahead of results
19th Feb 2013 11:02
UBS has raised its target price for Reed Elsevier from 770p to 790p and reiterated its 'buy' rating for the stock ahead of the publishing and exhibitions group's full-year results later this month. The broker forecasts revenues of £6,172m for the 2012 financial year, up from £6,055m previously, whi
Read moreTuesday broker round-up UPDATE
19th Feb 2013 07:30
Admiral Group: Investec takes target price from 570p to 582p, but still recommends selling. Advanced Medical Solutions: Investec upgrades from hold to buy with a target price of 68p. African Barrick Gold: Canaccord Genuity reduces target price from 360p to 305p keeping a hold rating. Anglo Americ
Read moreTuesday broker round-up UPDATE
12th Feb 2013 07:24
AMEC: Exane BNP initiates with a target price of 1140p and an underperform rating. Anglo American: Goldman Sachs increases target price from 1500p to 1550p, while keeping a sell recommendation. Barclays: Nomura reiterates reduce. Charles Stanley reiterates hold. Investec reiterates buy, with price
Read moreThursday broker round-up UPDATE
7th Feb 2013 07:14
African Barrick Gold: Deutsche Bank shifts target price from 415p to 410p, while its hold recommendation is maintained. Ashmore Group: Canaccord Genuity moves target price from 315p to 399p and upgrades to buy. Atkins: JP Morgan takes target price from 859p to 893p and reiterates an overweight rat
Read moreMonday broker round-up - UPDATE
28th Jan 2013 08:04
Amino Technologies: Northland Capital takes price target from 75p to 80p reiterating a buy recommendation. Anglo American: Deutsche Bank shifts target price from 2230p to 2200p and retains a buy recommendation. Anite: Panmure Gordon increases target price from 165p to 170p and maintains a buy rati
Read moreThursday broker round-up UPDATE
17th Jan 2013 07:19
African Barrick Gold: Westhouse Securities reduces target price from 335p to 305p, while its sell recommendation is unchanged. Anglo American: Exane cuts target price from 2000p to 1650p and downgrades from neutral to underperform. Antofagasta: Exane ups target price from 1400p to 1500p keeping an
Read moreWednesday broker round-up UPDATE
9th Jan 2013 09:11
African Barrick Gold: Deutsche Bank reduces target price from 520p to 490p and reiterates a hold recommendation. Nomura cuts target price from 525p to 435p and downgrades from buy to neutral. African Minerals: Deutsche Bank increases target price from 606p to 620p and maintains a buy rating. AMEC:
Read moreLondon midday: Markets cautious as Fed move already priced in
13th Dec 2012 11:27
- Fed unveils new stimulus measures - Eurogroup approves Greek aid - Centamin plummets after suspending Sukari Indices across Europe pulled back on Thursday morning as they digested last night's stimulus plan from the Federal Reserve, with analysts saying that the move was already priced into marke
Read moreMonday broker round-up UPDATE
10th Dec 2012 07:10
Andor Technology: Investec moves target price from 450p to 460p, while reiterating its buy recommendation. Antofagasta: Alphavalue downgrades to reduce, while keeping the target price at 1371p. Ashtead Group: Investec target price from 250p to 475p and reiterates its buy recommendation. Atkins: J
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