London open: Stocks flat on US budget uncertainty
4th Dec 2012 08:32
UK stock markets opened tentatively on Tuesday morning with concerns over the US economy back in the spotlight following yesterday's disappointing manufacturing data and increasing worries about the 'fiscal cliff'. The FTSE 100 finished broadly flat yesterday after the US Institute for Supply Manag
Read moreTuesday broker round-up UPDATE
4th Dec 2012 07:35
Anite: Panmure Gordon moves target price from 163p to 165p; buy recommendation kept. Canaccord Genuity raises target price from 143p to 169p and maintains a buy recommendation. Ashtead: Seymour Pierce raises target price from 400p to 460p and reiterates its buy recommendation. Barclays: Credit Sui
Read moreMonday broker round-up UPDATE
3rd Dec 2012 07:16
ARM Holdings: Exane BNP Paribas upgrades from neutral to buy. Ashtead Group: Bank of America starts with a target price of 460p and a buy recommendation. AstraZaneca: Berenberg raises target price from 3080p to 3100p; hold recommendation kept. Balfour Beatty: Investec reduces target price from 21
Read moreSunday share tips: Assura, Rio Tinto, Smiths News
2nd Dec 2012 13:05
Porperty Group Assura has made mistakes in the past, such as an interest rate swap that went bad, the associated charges of which left a rather large crater in its interim income statement a year ago. That debacle also forced the outfit to carry out a rights issue. Yet that is now behind us, writes
Read moreLondon close: Stocks end the week in a cautious mood
30th Nov 2012 16:35
- Market pares gains by the close - Bundestag approves Greek aid - Eurozone jobless rate and US consumer spending disappoint UK stocks finished broadly flat on Friday, paring gains by the close of trade as markets headed into the weekend in a cautious mood on the back of uncertainty surrounding the
Read moreFTSE 100 movers: Broker upgrades lift Johnson Matthey and Croda
30th Nov 2012 13:25
Blue-chip constituents Johnson Matthey, Croda, Pennon and Intertek were performing well on Friday afternoon following a number of upbeat broker comments. Chemical peers Johnson Matthey and Croda International were lifted higher after Credit Suisse upgraded the companies from 'neutral' to 'outperfor
Read moreLondon midday: Stocks gain as Germany approves Greek aid
30th Nov 2012 11:29
- Germany approves Greek aid - Eurozone jobless rate at record-high - Stocks rally but trade within narrow range After a subdued start, the FTSE 100 had pushed into positive territory by midday after German parliament approved the Greek rescue deal. The Bundestag voted with a large majority (463 f
Read moreBroker tips: Kingfisher, Rio Tinto, Wolseley
30th Nov 2012 11:15
UBS has lowered its rating for B&Q and Screwfix owner Kingfisher from 'buy' to 'neutral' and reduced its target price from 300p to 290p, citing near-term risks. The broker said: "In most markets DIY demand remains depressed by a mix of low consumer confidence and weak housing markets, affecting big
Read moreBroker snap: Rio's one of the top sector picks, says Jefferies
30th Nov 2012 11:09
Jefferies has reiterated its 'buy' rating and 4,000p target price for mining giant Rio Tinto following yesterday's investor seminar in which the company announced aggressive open and capex cuts. Rio is intending to make $5bn of cumulative operating and support cost savings by the end of 2014 with a
Read moreLondon open: Stocks unchanged on 'fiscal cliff' developments
30th Nov 2012 08:21
The FTSE 100 opened flat on Friday morning as investors showed caution following some mixed comments from US politicians regarding the 'fiscal cliff'. Markus Huber, head of German HNW trading at ETX Capital, said: "European equities are trading little changed this morning despite less encouraging n
Read moreFriday broker round-up UPDATE
30th Nov 2012 07:24
Aggreko: Berenberg initiates with a target price of 2010p and a hold recommendation. APR Energy: Berenberg starts with a target price of 610p and a sell recommendation. Babcock International Group: Berenberg initiates with a target price of 1180p and a buy recommendation. Barclays: UBS raises tar
Read moreLondon close: Miners surge on US hopes
29th Nov 2012 16:39
- US GDP and housing data boosts stocks - 'Fiscal cliff' concerns ease after politicians' comments - Mining stocks rise on demand hopes Hopes about the US economy were driving gains on Thursday as investors reacted positively to comments from politicians about the 'fiscal cliff' and decent economic
Read moreFTSE 100 movers: Miners lead the way
29th Nov 2012 15:39
Rio Tinto was among the best performers on Thursday after Chief Executive Tom Albanese boasted at an investors seminar that the company was 'very well positioned despite the challenging global environment'. The company said it is targeting five billion dollars of cost savings by the end of 2014 as
Read moreRio Tinto announces billions in cuts
29th Nov 2012 13:45
Mining giant Rio Tinto said it was targeting five billion dollars of cost savings by the end of 2014 as it voiced 'major uncertainties' about the future growth of the US and Europe. The company said planned spending on exploration and evaluation projects would be reduced by $1bn over the remainder
Read moreLondon midday: Stocks rise after 'optimistic' comments on 'fiscal cliff'
29th Nov 2012 11:41
Hopes that the US can avert the impending 'fiscal cliff' were helping markets register decent gains on Thursday morning, following comments from policy-makers Stateside yesterday. US Republican Speaker of the House John Boehner said that he was "optimistic that we can continue to work together to a
Read more