Monday broker round-up -UPDATE
20th Aug 2012 08:17
AstraZeneca: JPMorgan Cazenove downgrades to underweight, target lifted from 2,800p to 2,970p. Balfour Beatty: JPMorgan Cazenove downgrades to neutral. Barclays: Citigroup reiterates buy and 330p target price. ENRC: Credit Suisse downgrades to neutral, target cut from 500p to 450p. FirstGroup: J
Read moreLondon close: Stocks finish higher after late rally
8th Aug 2012 16:45
After an early fall, London's benchmark index rallied in afternoon trade to finish a few points higher, extending gains from the previous three sessions. The last time the FTSE 100 finished higher was on April 2nd when it hit 5,875. "Stocks and other risky assets have traded higher since Friday. C
Read moreLondon midday: Sentiment dampened by BoE and Greece
8th Aug 2012 11:46
- ECB optimism fades - S and P cuts Greek outlook to 'negative' - BoE slashes growth forecast The Footsie remained firmly in the red on Wednesday morning as optimism earlier this week about the situation in Europe began to fade, particularly as Greece's credit rating outlook was lowered by Standard
Read moreLondon open: Stocks slip on concerns over Greece
8th Aug 2012 09:02
- S and P cuts Greek outlook to 'negative' - Markets await BoE inflation report - StanChart rebounds after yesterday's sell-off UK stocks slipped in the opening hour on Wednesday, with the Footsie pulling back after a four-month high, after Greece's long-term sovereign rating outlook was cut by Sta
Read moreLondon midday: Footsie shrugs off PMI disappointment
1st Aug 2012 11:51
Footsie ended the morning close to its highest level of the day, despite UK manufacturing data giving investors pause for thought earlier on. UK manufacturing production fell at its fastest pace in over two years in July, recording substantial declines in output and new orders. Markit's Purchasi
Read moreLondon open: Stormy times for Cape
1st Aug 2012 08:42
London has got off to a quiet start, with investors adopting a wait-and-see attitude ahead of today's completion of the meeting of the US Federal Reserve's policy making committee. "It seems hope and sentiment for further stimulus from the US Fed Chairman and the ECB [European Central Bank] Preside
Read morePersonal Care unit dents Rexam
1st Aug 2012 08:06
Global consumer packing company Rexam posted a three per cent like-for-like rise in sales during the first half of the year, pushed higher by a six per cent increase in the total number of beverage cans volumes. Revenue for the year came in at £2,165m, compared to £2,095m the same half the previou
Read moreLondon pre-open: Slight declines ahead of July data
1st Aug 2012 07:27
City sources predict the FTSE 100 will open down two points from yesterday's close of 5,635, edging slightly lower over concerns relating to recent reports which revealed a slowdown of manufacturing in Asia. Investors are also likely to exercise caution ahead of economic announcements out today, w
Read moreRexam to sell Personal Care business in two parts
3rd Jul 2012 13:23
Rexam, the global consumer packing company, is proposing to sell its Personal Care business in two parts and return the majority of the proceeds to its shareholders. The Cosmetics, Toiletries and Household care products unit (CTH) and the High Barrier Food packaging division (HBF) will be sold for
Read moreLondon close: Greece continues to weigh on stocks
9th May 2012 16:31
- Greek politics weighs on sentiment - Merkel tells Greece to stick to austerity - Sage, Weir fall heavily after updates London's blue chips rallied in afternoon trade after steep losses early on, but still finished well in the red on the back of concerns over the political situation in Greece. Com
Read moreLondon midday: Stocks tank again on euro worries
9th May 2012 11:36
- Weir and Sage fall heavily - ITV, Sainsbury, Glencore higher after updates - Footsie hits new YTD lows on euro concerns London's blue chip index had sunk to levels not seen since late December by Wednesday lunchtime, as political uncertainty in the Eurozone continues to cloud the outlook for the
Read moreLondon open: Stocks claw back after heavy sell-off
9th May 2012 08:35
- Eurozone political uncertainty still ongoing - ITV, Sainsbury, Glencore wanted after updates - Weir and Sage fall sharply While the political uncertainty in the Eurozone is still on investors' minds, the FTSE 100 opened slightly higher on Wednesday morning following steep losses seen the day befo
Read moreThursday broker round-up
3rd May 2012 09:15
Afren: finnCap downgrades from buy to hold. Carnival: Shore Capital upgrades from hold to buy. CSR: Jefferies reiterates buy rating and 290p target. Fenner: Credit Suisse downgrades from outperform to neutral, target cut from 540p to 480p. Ferrexpo: Renaissance Capital upgrades from hold to buy.
Read moreRexam's healthcare division catches cold
3rd May 2012 07:53
First quarter performance from Rexam was not to be sneezed at as the consumer packaging company traded in line with expectations. The firm's Healthcare division traded slightly below the same period the previous year, as expected, largely as a result of the absence of a good old fashioned winter f
Read moreWednesday broker round-up - UPDATE
18th Apr 2012 09:12
ARM Holdings: Morgan Stanley maintains overweight rating. Ashtead: Jefferies maintains buy rating and 300p target. BHP Billiton: Barclays Capital maintains overweight recommendation and 2,400p target. British American Tobacco: Nomura raises target from 3,360p to 3,390p, buy recommendation maintai
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