London open: Stocks slip ahead of Eurogroup meeting
9th Jul 2012 08:55
- Chinese inflation data increases stimulus speculation - Eurogroup to meet this afternoon - Spanish yields on the up The FTSE 100 opened slightly lower on Monday morning on the back of economic data from Asia and ahead of a crucial Eurogroup meeting later today. "Overall for the start of the new
Read moreMonday broker round-up
9th Jul 2012 08:13
BAE Systems: Jefferies reiterates buy recommendation and 350p target. Britvic: Societe General cuts target from 450p to 400p, buy rating unchanged. Filtrona: Citigroup downgrades to neutral, target lifted from 470p to 515p. Genel Energy: Oriel Securities initiates with buy recommendation. Halfor
Read moreWednesday broker round-up
4th Jul 2012 08:19
African Minerals: Jefferies keeps buy rating and 800p target. Anite: Jefferies raises target from 155p to 160p, buy rating retained. Barclays: Nomura downgrades from neutral to reduce, target cut from 268p to 210p. British American Tobacco: AlphaValue downgrades from add to reduce, target raised
Read moreTuesday broker round-up - UPDATE
3rd Jul 2012 08:11
Anite: Jefferies reiterates buy rating and 155p target; Investec puts target under review, buy rating kept. Avocet Mining: Nomura slashes target from 220p to 120p, neutral rating kept. Barclays: Investec maintains buy rating and 240p target. BG Group: Deutsche Bank reduces target from 1,800p to 1
Read moreThursday broker round-up - UPDATE
24th May 2012 09:27
ARM Holdings: Jefferies reiterates buy recommendation and 485p target. ASOS: Investec keeps hold rating and 1,250p target. AstraZeneca: AlphaValue upgrades to BUY from add. Booker: Panmure Gordon upgrades from hold to buy. Bowleven: UBS slashes target from 105p to 70p, neutral rating unchanged.
Read moreFTSE 100 movers: Miners leap on Chinese PM's comments
25th Apr 2012 15:21
Miners were in demand following comments from Chinese Prime Minister Wen Jiabao that the government is committed to reforms in the country that are expected to ensure growth in the second-largest economy in the world remains robust. Vedanta was the biggest riser, up over four per cent, with Xstrat
Read moreFTSE 100 movers: Man Group leaps on UBS comments
24th Apr 2012 14:49
Hedge fund manager Man Group was leading the risers in London ahead of its quarterly assets under management update next week. UBS reiterated its buy recommendation on the stock this morning, saying that the firm is a "likely take-out candidate" and is on its 'M&A Watch List'. "With Man Group shar
Read moreLondon midday: Man Group provides a lift as stocks claw back
24th Apr 2012 11:42
- Footsie corrects after sell-off - Man Group jumps as UBS speculates over M&A - Shell makes 220p-a-share offer for Cove UK stocks were making moderate gains by Tuesday lunchtime, rebounding after heavy losses the day before. US stock futures were pointing to a positive start on Wall Street ahead
Read moreTuesday broker round-up
24th Apr 2012 09:27
ARM Holdings: Nomura maintains neutral rating and 600p target. Associated British Foods: Nomura keeps buy stance and 1,325p target; Jefferies mains hold recommendation and 1,155p target. Barclays: Investec maintains buy rating and 240p target. BBA Aviation: Jefferies keeps buy rating and 250p tar
Read moreLondon pre-open: FTSE set for reverse of Monday's losses
24th Apr 2012 07:28
City sources predict the FTSE 100 will open up 20 points from yesterday's close of 5,666, recovering somewhat from yesterday's losses which came on the back of worse-than-expected economic data and the resignation of the Dutch government after it failed to come to an agreement over spending cuts.
Read moreReed Elsevier reaffirms full year outlook
24th Apr 2012 07:15
The first quarter of 2012 has been along much the same lines as 2011 at publishing group Reed Elsevier, prompting the group to reaffirm full year expectations of underlying revenue and profit growth. At the Elsevier unit, the group is expecting another year of modest underlying revenue growth, unde
Read moreFriday broker round-up -UPDATE
17th Feb 2012 09:09
Ashmore: HSBC downgrades to underperform from neutral. Schroders: Citi downgrades to sell from neutral. Barclays: AlphaValue downgrades to reduce from add and lowers target to 243.9p from 283.4p. Tesco: Nomura reduces target from 500p to 430p, buy rating unchanged. InterContinental Hotels: UBS
Read moreLondon close: Losses pared after US data, Greece still a concern
16th Feb 2012 16:35
- Losses pared after US data. - Miners track metals prices lower. - European leaders weighing up ECB role in Greek aid. London's blue chip index finished in the red on Thursday but well off its intraday lows after US economic data came in stronger than expected in the afternoon. Nonetheless, concer
Read moreFTSE 100 movers: Reed Elsevier leads risers, while banks and miners fall
16th Feb 2012 14:51
Information solutions provider Reed Elsevier jumped into pole position after seeing underlying revenues increase 2% in 2011, with all five business areas contributing to growth except the Exhibitions division, which was held back by biennial cycling. Nomura said today that the group's valuation - wi
Read moreLondon midday: Stocks off lows but still firmly in the red
16th Feb 2012 11:40
- Greek bailout hit by more delays. - Moody's reviews ratings on 114 European financial institutions. - Real Eurozone GDP forecasts slashed in ECB survey. The FTSE 100 has come off its intraday low of 5,831 but still remains firmly in the red as delays in Greece, a warning to banks from Moody's an
Read more