Tuesday broker round-up UPDATE
2nd Jul 2013 08:24
Amara Mining: Westhouse Securities raises target price from 60p to 90p and stays with its buy recommendation. Canaccord Genuity lowers target price from 50p to 40p maintaining its buy recommendation. Anite Group: Panmure Gordon shifts target price from 171p to 177p and reiterates a buy recommendati
Read moreSunday share tips: Rexam, Betfair, Debenhams
30th Jun 2013 21:46
It seems to be back to Plan A for can-maker Rexam. After purchasing US packaging manufacturer Owens-Illinois in 2009 the company has now decided to sell its plastic packaging division and go back to what it knows best ? cans. To be fair to management, Rexam should recoup most of its money from the p
Read moreRexam Chairman shows his faith, buys shares after profit warning (to publish later with plug-in)
28th Jun 2013 16:07
Stuart Chambers, the Chairman of Rexam, topped up his stake in the packaging group this week, just a few days after the firm shocked the market with a profit warning. Pershing Keen Nominees Ltd, a company connected with the Chairman, purchased 10,000 shares on Thursday at a price of 461.515p each f
Read moreLondon close: Rally continues as FTSE 100 jumps
27th Jun 2013 16:44
Strong US economic data and some reassuring comments by a member of the Federal Reserve gave markets a big boost on Thursday, helping the FTSE 100 to extend gains into the third day. After hitting a fresh five-month low of 6,029 on Monday, the FTSE 100 has risen strongly over the past three session
Read moreSector movers: DS Smith and Smiths Group boost industrials higher
27th Jun 2013 14:51
Industrial stocks were performing well on Thursday with well-received results from DS Smith and a broker upgrade for Smiths Group boosting the sector higher. FTSE 250 paper and plastic packaging company DS Smith jumped today after seeing annual pre-tax profits soar 51% and revenue surge 86% followi
Read moreWednesday broker round-up UPDATE
26th Jun 2013 07:30
ACM Shipping Group: Espirito Santo increases target price from 150p to 185p keeping a buy recommendation. Afren: Canaccord Genuity moves target price from 210p to 220p and keeps a buy recommendation. Aggreko: Deutsche Bank cuts target price from 2250p to 2100p, while its buy recommendation remains
Read moreLondon close: Markets rebound strongly, Carnival jumps late on
25th Jun 2013 16:44
The FTSE 100 rebounded strongly with a 1.2 per cent jump on Tuesday after coming close to its 2013 low the day before, as concerns over a liquidity crunch in China and reduced stimulus in the US eased, for the time being at least. London's benchmark index finished the session up 73 points at 6,102,
Read moreFTSE 100 movers: easyJet up after Citi comments
25th Jun 2013 13:34
easyJet was a high riser after Citi increased its target price of the low-cost airline from 1330p to 1450p and reiterated a 'buy' recommendation on Monday. British multinational semiconductor and software design company ARM Holdings advanced after Investec upgraded the stock from 'hold' to 'buy' a
Read moreLondon midday: Stocks rise as policymakers speak out
25th Jun 2013 11:21
The FTSE 100 rebounded strongly on Tuesday morning after falling to a fresh five-month low the day before, as policymakers from China and the US spoke out to downplay fears that have sparked market volatility over recent weeks. Renewed concerns over a slowdown in China and ongoing worries about a s
Read moreLondon open: Stocks rebound ahead of key US data
25th Jun 2013 08:31
UK markets opened with decent gains on Tuesday morning, rebounding after having closed at levels not seen since early January the day before. Renewed concerns over a slowdown in China and ongoing fears about a scaling back of stimulus in the States prompted another steep sell-off across global equ
Read moreLondon pre-open: Strong rebound expected early on
25th Jun 2013 07:44
Markets are expected to open with solid gains on Tuesday morning, rebounding after having closed at levels not seen since early January the day before. Renewed concerns over a slowdown in China and ongoing fears about a scaling back of stimulus in the States prompted another steep sell-off across g
Read moreRexam scales back full-year guidance, announces Healthcare disposal
25th Jun 2013 07:13
Consumer packaging giant Rexam is to focus on its beverage cans business and sell off its Healthcare division as it admitted that full-year trading will below expectations. The firm, which makes a wide range of containers and devices for the healthcare market, said on Tuesday: "In line with our lon
Read moreLondon midday: Markets snap four-day losing streak
18th Apr 2013 11:17
Developments in the Eurozone were supporting stocks on Thursday morning as markets rebounded to snap a four-day losing streak. However, the focus is likely to turn to the US later on as first-quarter earnings season continues to dictate sentiment. Wall Street benchmarks slumped last night after som
Read moreLondon open: Stocks edge higher early on
18th Apr 2013 08:59
UK stocks edged higher on Thursday morning, snapping a four-day losing streak, despite some weakness in the heavyweight mining sector. Things were pretty busy on the corporate news front today, with a host of companies on the FTSE 100 releasing trading updates and reports, giving investors plenty t
Read moreLondon pre-open: Modest rise forecast for FTSE
18th Apr 2013 07:27
City sources predict the FTSE 100 will open up three points from yesterday's close of 6,244. The modest gain is expected despite losses seen in both Asia and the US overnight, and follows four consecutive days of decline on the FTSE. On today's agenda are US initial unemployment claims data and
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