Broker tips: Reed Elsevier, Kingfisher, Ladbrokes
16th Feb 2012 10:54
Nomura has reiterated its buy recommendation and 668p target for business information solutions provider Reed Elsevier, saying that the group's full-year results were "reassuring". The firm said that underlying sales growth was 2% in 2011, 3% excluding biennial cycling, compared with Nomura's 1.1%
Read moreBroker snap: Reassuring numbers from Reed Elsevier, says Nomura
16th Feb 2012 10:41
Nomura has reiterated its buy recommendation and 668p target for business information solutions provider Reed Elsevier, saying that the group's full-year results were "reassuring". The firm said that underlying sales growth was 2% in 2011, 3% excluding biennial cycling, compared with Nomura's 1.1%
Read moreThursday broker round-up
16th Feb 2012 09:36
Anglo American: AlphaValue upgrades to buy from add and raises its price target to 3,331.4p from 3,340.2p; Nomura resumes coverage with neutral rating and 3,300p target. Kingfisher: Panmure Gordon maintains buy rating and 350p target. Reed Elsevier: Peel Hunt keeps hold rating and 556p target; Pan
Read moreLondon open: Stocks weighed down by Greece, Moody's
16th Feb 2012 08:35
- Greek bailout hit by more delays. - Moody's reviews ratings on 114 European financial institutions. - BAE Systems tumbles after results. London's blue chip index sank in early trading on Thursday, with just five stocks on the rise, as the Greek bailout faces fresh delays. Meanwhile, Moody's warn
Read moreReed Elsevier sees strong profits but subdued sales
16th Feb 2012 07:20
Information solutions provider Reed Elsevier saw 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. The group, which operates in the science, medical, risk, legal and business sectors
Read moreWednesday broker round-up - UPDATE
7th Dec 2011 08:50
Resolution: Deutsche Bank upgrades to buy from hold. ICAP: Morgan Stanley downgrades to equalweight from overweight. Xstrata: Credit Suisse reiterates outperform and 1,700p target. Xstrata: Nomura reiterates buy and 1,500p target. Wolseley: Credit Suisse stays at outperform. Wolseley: UBS ups
Read moreFriday broker round-up - UPDATE
2nd Dec 2011 09:42
Rolls Royce: UBS downgrades to sell from neutral, cuts target to 600p from 610p. Admiral: RBC initiates at underperform with a price target of 890p. Standard Chartered: Nomura reiterates buy recommendation and 1,800p target. Admiral: Investec maintains sell rating, cuts target to 570p from 843
Read moreBroker snap: Citi reiterates buy on Reed Elsevier
16th Nov 2011 17:39
Citi has reiterated its buy rating on publishing and business information giant Reed Elsevier following today's statement, saying the group is "still firing on all cylinders". The US broker says that Reed's nine-month figures were in line, with the group growing across all divisions. "As expected t
Read moreFTSE 100 Movers: Intertek leads the way up
16th Nov 2011 14:16
Intertek, the testing and quality assurance company, rose to pole position after it said year-on-year organic revenue growth for the ten months to the end of October was 8%, in line with the figure published in the half year update in August. Adding revenues from acquisitions and currency effects,
Read moreLondon midday: Footsie falls on gloomy economic outlook
16th Nov 2011 12:07
With some gloomy economic data doing the rounds this morning, the Footsie experienced a sharp fall around 11:00, as the Bank of England cut its growth estimates for the UK economy. Unfortunately, the unemployment report did little to settle investors' nerves. Meanwhile, reports attributed to the Fi
Read moreDigital Look broker talk
16th Nov 2011 10:53
Morrison: "Morrison was explicit in its allocation of capital, first and foremost, to grow the business, with any surplus considered for buybacks. Morrison is clearly in a position to do both, being less than half-way through a two-year GBP1bn buyback and working through to 8% gross space growth" [N
Read moreWednesday broker round-up - UPDATE
16th Nov 2011 09:44
Michael Page: HSBC upgrades to overweight from neutral. Reckitt Banckiser: Citi reiterates buy. Cairn Energy: Societe Generale initiates at buy. Royal Bank of Scotland: AlphaValue downgraded to add from buy yesterday and lowered the price target to £24.60from £29.80. ARM Holdings: UBS raises t
Read moreLondon open: Stocks mark time ahead of Inflation Report
16th Nov 2011 08:20
London has got off to a subdued start, with investors waiting on the Bank of England's inflation report and, to a lesser extent, the unemployment data, at 9:30am. Many economists are expecting that the Bank's Inflation Report will pave the way for an extension of its quantitative easing programme,
Read moreReed Elsevier sees revenues up
16th Nov 2011 07:44
Reed Elsevier, the business information and data company, said the overall improvement in its trading performance seen in the first half of the year has continued into the second half. The group said underlying revenue for the nine months to the end of September grew by 1%. It added it is on track
Read moreLondon pre-open: Soft opening expected
16th Nov 2011 07:31
Despite staging a late recovery yesterday, London is set to resume its southerly course this morning, with City sources predicting the FTSE 100 will open down 33 points from yesterday's close of 5,517. Publishing and exhibitions giant Reed Elsevier said it on track to deliver 2011 adjusted earning
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