FTSE 250 movers: Centamin jumps on reports of Egyptian law changes
24th Feb 2014 15:01
Shares of Centamin rose strongly on reports the Egyptian government's redrafted investment laws will prevent challenges from third parties on deals formed between the government and investors. According to Reuters, the news came from a cabinet source. Currys and PC World owner Dixons Retail has co
Read moreBroker tips: HSBC, Bovis Homes, Rightmove
24th Feb 2014 11:43
HSBC´s management made good progress in 'right-sizing' the lender´s operations given the current capital regime and the bank continued to be well-capitalised under the new basel framework for regulatory capital, Canaccord Genuity explained to clients in a note on Monday. Nonetheless, the broker cut
Read moreRightmove downgraded to 'hold' at Canaccord
24th Feb 2014 09:51
Property website Rightmove has a very clear business model and is benefitting from two favourable tailwinds; namely the secular shift towards online property advertising and the positive impact which the housing market recovery is having on advertisers, analysts at at Canaccord Genuity pointed out o
Read moreMonday broker round-up UPDATE
24th Feb 2014 08:15
Associated British Foods: Numis downgrades from reduce to sell with a target price of 2240p. Panmure Gordon raises target price from 2500p to 2760p and maintains a hold recommendation. Jefferies increases target price from 2450p to 2600p and keeps a hold recommendation. Aviva: JP Morgan shifts targ
Read moreMonday broker round-up UPDATE
27th Jan 2014 09:30
Aberdeen Asset Management: Espirito Santo cuts target price from 573p to 514p and keeps a buy recommendation. Morgan Stanley reduces target price from 492p to 393p and stays with its equal-weight rating. Amino Technologies: N+1 Singer shifts target price from 89p to 93p and reiterates a hold recomm
Read moreThursday broker round-up UPDATE
19th Dec 2013 08:27
AstraZeneca: Alphavalue lowers target price from 3169p to 3087.7p and downgrades from reduce to sell. British American Tabacco: Panmure Gordon reduces target price from 3800p to 3200p and downgrades from buy to hold. Britvic: Investec ups target price from 600p to 672p and maintains a hold recomme
Read moreWednesday broker round-up UPDATE
4th Dec 2013 09:21
Afren: FinnCap lowers target price from 170p to 165p and downgrades to hold. Amlin: Espirito Santo upgrades to buy with a target price of 509p. Betfair: Citi raises target price from 1150p to 1225p maintaining a buy recommendation. Brewin Dolphin: Canaccord Genuity increases target price from 285
Read moreTuesday broker round-up UPDATE
12th Nov 2013 09:20
Accesso: Canaccord Genuity raises target price from 680p to 770p and keeps a buy recommendation. Andor Technology: FinnCap places both its target price (prev.: 390p) and its hold recommendation under review. Babcock International: Jefferies increases target price from 1250p to 1600p retaining a bu
Read moreFriday broker round-up UPDATE
8th Nov 2013 09:21
Abcam: Canaccord Genuity moves target price from 396p to 386p and keeps a sell recommendation. N+1 Singer shifts target price from 450p to 445p downgrading to sell. Aberdeen Asset Management: Jefferies lowers target price from 440p to 430p and reiterates a hold recommendation. Anglo American: Gold
Read moreRightmove upbeat after 'healthy' growth in third quarter
7th Nov 2013 07:54
Property website Rightmove said it is confident of hitting full-year targets after healthy growth in revenue and earnings and strong cash generation since the first half. Average revenue per advertiser rose during the third quarter as customers continued to increase spend on additional advertising
Read moreLondon property demand drives UK house prices higher
21st Oct 2013 10:29
An "unsustainable" rise in London house prices in London pushed the UK property market higher this month, according to property website Rightmove. Prices in the UK capital rose 10.2% or £50,484 to an average £544,232 in October while average prices in England and Wales climbed 2.8% to £252,418, reb
Read moreZoopla said to be eyeing a London listing
9th Sep 2013 18:26
Zoopla is said to be considering a stock-market flotation that could value the online property website at up to 1.3bn pounds, the latest in a string of recent listings by property firms looking to take advantage of the current 'boom' in the UK housing market. Government stimulus measures such as th
Read moreLondon close: Tapering concerns continue to hit stocks
19th Aug 2013 16:27
Concerns about the future of US stimulus continued to weigh on stocks on Monday with London's mining sector bearing the brunt of a reduction in risk appetite amongst investors. Market sentiment has been fragile in recent weeks due to heightened speculation that the Federal Reserve will taper its qu
Read moreFTSE 250 movers: Kentz rockets after AMEC approach
19th Aug 2013 14:48
The share price of engineering solutions group Kentz Corporation surged on Monday after the company rejected a 565-580p-a-share proposal from AMEC, saying it undervalued the company. The approach values Kentz at around £680m, compared with Friday's market cap of around £560m (476p a share). The com
Read moreMonday broker round-up UPDATE
19th Aug 2013 08:27
Arcontech Group: Northland Capital shifts target price from 0.16p to 0.18p and maintains a buy recommendation. Balfour Beatty: Deutsche Bank ups target price from 220p to 280p and upgrades to buy. Bovis Homes Group: Jefferies raises target price from 909p to 995p and keeps a buy recommendation.
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