Wednesday broker round-up UPDATE
12th Jun 2013 07:55
Aberdeen Asset Management: Canaccord Genuity cuts target price from 460p to 440p, while leaving its buy recommendation unchanged. ASOS: Canaccord Genuity downgrades to hold with a target price of 3400p. BT Group: Credit Suisse increases target price from 300p to 350p and maintains an outperform ra
Read moreFTSE 250 movers: HomeServe jumps on M&A speculation
6th Jun 2013 15:37
Hopes of potential private-equity bids for home emergency and repairs group HomeServe pushed the stock firmly higher on Thursday, following comments from Liberum Capital. The broker said that the full-year results two weeks ago re-assured the market that the "company's new model can deliver stabili
Read moreThursday tips round-up: John Wood, RPC, Astra Zeneca
6th Jun 2013 10:24
The oil exploration sector has been battered by profit warnings and a perceived lack of orders in some territories, but John Wood Group is strong in deepwater engineering and in developed economies, while contracts tend to be on a less risky re-imbursable basis. In brief, that is the jist of a recen
Read moreThursday broker round-up UPDATE
6th Jun 2013 07:37
Aggreko: Goldman Sachs cuts target price from 2425p to 2125p, while retaining its buy recommendation. Alliance Pharma: FinnCap shifts target price from 35p to 38.50p and stays with its hold recommendation. APR Energy: Goldman Sachs reduces target price from 990p to 945p keeping a buy recommendatio
Read moreFTSE 250 movers: Hedge-fund manager Man Group hit by broker downgrade
5th Jun 2013 14:56
Man Group was the biggest mover on the second-tier index on Wednesday, with its share price plummeting after UBS downgraded the stock to 'neutral' citing a 'degradation in the investment case'. The broker said that Man remains highly dependent on its AHL fund, while raising concerns about Japanese
Read moreLondon midday: Markets drop ahead of key US data
5th Jun 2013 11:18
It was another volatile morning for financial markets on Wednesday as ongoing worries about stimulus measures in the US and a heavy economic data schedule dominated market sentiment. The FTSE 100 hit intraday low of 6,453 this morning, the index's lowest level since the start of May. Concerns abo
Read moreWednesday broker round-up UPDATE
5th Jun 2013 09:34
Aberdeen Asset Mangement: UBS cuts target price from 520p to 505p, while maintaining its buy recommendation. Alternative Networks: Investec revises target price from 350p to 390p keeping a buy recommendation. API Group: Numis upgrades to add with a target price of 75p. Ashmore Group: UBS lowers t
Read moreLondon open: Stocks hit one-month low ahead of data, Tesco falls
5th Jun 2013 08:30
A flurry of economic data and renewed concerns about the Federal Reserve's 'exit strategy' from stimulus ensured that markets opened firmly in the red on Wednesday morning. The FTSE 100 hit intraday low of 6,507 early on before rebounding slightly within the opening hour - this was the index's lowe
Read moreRPC Group's annual results hit by weak European economy
5th Jun 2013 07:23
European plastic packaging company RPC Group reported a 6.9 per cent fall in annual revenue reflecting the impact of a weak euro and a tough economic environment. Revenue for the year ended March 31st 2013 came to £1,051m, down from £1,130m the previous year. Adjusted operating profit fell to £8
Read moreFriday broker round-up UPDATE
10th May 2013 07:14
Afren: Westhouse Securities initiates with a target price of 160p and a buy recommendation. Ashmore Group: Credit Suisse raises target price from 375p to 440p upgrading from underperform to neutral. Barratt Developments: Citigroup increases target price from 245p to 315p leaving its neutral rating
Read moreLondon close: Stocks edge higher ahead of long Easter weekend
28th Mar 2013 16:43
Stocks finished moderately higher on Thursday, though gains were trimmed in afternoon trade as traders scaled back risk appetite ahead of a long four-day weekend for the Easter holidays. Meanwhile, continuing concerns over the Eurozone kept markets on their toes today, as political uncertainty in I
Read moreFTSE 250 movers: Bellway advances after upgrade
28th Mar 2013 16:29
Home builder Bellway topped the FTSE 250 risers on Thursday advancing nearly six per cent share at the close of trading. This came two days after the company unveiled a sharp rise in profits in the half year ended January 31st 2013. The stock was given a lift today by a ratings upgrade by JPMorgan
Read moreSector movers: Industrials lower as RPC warns of challenging conditions
28th Mar 2013 15:19
Industrial stocks were among the worst performers of the day on Thursday after a gloomy trading update from RPC Group weighed on the sector. FTSE 250-listed rigid plastic packaging manufacturer RPC saw shares drop as much as 12% after saying this morning that foreign exchange and challenging econom
Read moreLondon midday: Stocks advance as Cyprus re-opens banks
28th Mar 2013 11:42
After a shaky start, the FTSE 100 was making decent gains by Thursday lunchtime ahead of a raft of economic data from the States later on, as sentiment was lifted by the reopening of banks in Cyprus. Nevertheless, gains are expected to moderate as traders refrain from building big positions ahead o
Read moreLondon open: Markets open cautiously ahead of Easter weekend
28th Mar 2013 08:21
UK stocks opened tentatively on Thursday morning with the focus once again turns to Cyprus as banks re-open with capital controls in place to prevent worried depositors from clearing out their accounts. While markets have opened in a positive manner, gains are expected to moderate as traders refrai
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