Thursday broker round-up
9th Jul 2015 16:22
Ashmore: RBC keeps at underperform. Aggreko: Exane reiterates underperform recommendation and 1,250p target. Anglo American: Investec stays at hold on the miner's South African-listed shares. Associated British Foods: Credit Suisse stays at outperform and sets a target price of 3,250p. Barclays:
Read moreLondon close: Stocks drop on lack of fresh Greek proposals
7th Jul 2015 16:37
Failure by Greece to present a new cash-for-reforms package to Eurozone finance ministers sent UK stocks firmly lower on Tuesday, with heavyweight mining shares bearing the brunt of an aversion to risk and sell-off in metal prices. Despite hopes that Athens would table a new plan an at emergency sum
Read moreBroker tips: ARM Holdings, Lloyds, Rolls-Royce, Land Securities
7th Jul 2015 16:32
Shares in chipmaker ARM Holdings have been boosted after Morgan Stanley upgraded the stock to 'overweight' from 'equalweight' and raised its share price target to 1,180p from 980p. The bank said that concerns around a slowdown of the smartphone market have created a buying opportunity for ARM, notin
Read moreTuesday share tips: Rolls Royce
7th Jul 2015 15:45
Bad habits are hard to break, with Rolls Royce's latest profit warning being a case in point. It may just be the standard kitchen-sinking exercise after the company's new boss, Warren East, came in. Nonetheless, it should be noted how the company's stock dropped by 9%, twice the amount of its earnin
Read moreFTSE 100 movers: Defensives gain, miners sold off as risk appetite wanes
7th Jul 2015 15:16
Defensive sectors such as real estate and pharmaceuticals were performing well while commodity stocks were falling on Tuesday, with investors reducing their appetite for risk as European leaders met in Brussels to discuss Greece's future. Stocks which tend to hold up better in times of economic inst
Read moreLondon midday: Stocks weaken ahead of Greek summit as crisis continues
7th Jul 2015 11:14
Oil and gas stocks dragged the UK equity market lower on Tuesday after the recent plunge in crude prices, as investors showed caution ahead of a key Eurozone summit on Greece. The FTSE 100 was down 0.13% at 6,526.92 by midday, with Rolls-Royce providing a further drag as the stock extended losses fo
Read moreRolls-Royce price target slashed to 640p by JP Morgan
7th Jul 2015 09:39
JP Morgan Cazenove downgraded Rolls-Royce and slashed its target price after the engine maker's profit warning on Monday, foreseeing three or four years of uninspiring sales and low returns. The UK broking arm of the US bank cut its rating to 'underweight' from 'netural' and reduced its price target
Read moreLondon open: Stocks inch lower ahead of key Greek summit
7th Jul 2015 09:15
UK stocks were trading slightly lower on Tuesday morning as investors awaited news from a meeting of Eurozone officials to discuss fresh proposals from Greece. The FTSE 100 was down 0.17% at 6,524.60 early on with oil and gas stocks out of favour following the recent plunge in crude prices. Stocks
Read moreUltra Electronics awarded £18m submarine contract by Rolls-Royce
7th Jul 2015 07:38
Ultra Electronics said on Tuesday that its PMES business has been awarded a contract worth £18m by Rolls-Royce, relating to the design and development of reactor control and cooling systems for Royal Navy submarines. The contract is the result of a successful, collaborative partnership between the t
Read moreLondon close: Stocks slip after Greek 'no' vote, but downside limited
6th Jul 2015 16:38
UK stocks finished with moderate losses on Monday in the aftermath of the Greek public's rejection of creditors' bailout proposals, with Rolls-Royce dropping sharply after a profit warning and miners bearing the brunt of a reduction in risk appetite. The result of Sunday's Greek referendum showed th
Read moreFTSE 100 movers: Rolls-Royce leads blue chips lower after profit warning
6th Jul 2015 15:09
London's blue chips were trading firmly in negative territory on Monday in the aftermath of the Greek public's decision to reject creditors' bailout proposals, with Rolls-Royce and a host of commodity stocks providing a drag. Engine maker Rolls-Royce had trimmed losses by the afternoon but was still
Read moreCharles Stanley downgrades Rolls-Royce to 'reduce' after profit warning
6th Jul 2015 12:16
Charles Stanley downgraded Rolls-Royce to 'reduce' from 'hold' following the company's profit warning and the scrapping of its share buyback programme on Monday. "The announcement is yet another blow to investor confidence following a difficult 2014, characterised by a series of profit downgrades, a
Read moreLondon midday: Rolls-Royce, commodity stocks lead FTSE lower after Greek 'no' vote
6th Jul 2015 11:41
UK stocks declined on Monday after the Greeks voted a resounding 'no' to creditors' bailout proposals, pushing the country closer to a possible exit from the Eurozone. Nevertheless, while stock markets across Europe were suffering steep losses - German, Spanish and French shares were down 1.3-1.8% w
Read moreLondon open: Stocks slump as Greece votes 'no', Rolls-Royce sinks after profit warning
6th Jul 2015 09:08
UK stocks slumped into the red on Monday morning after the Greek public pushed the country into unchartered territory by voting a resounding 'no' to creditors' bailout proposals. Some 61.3% of the Greeks voted 'no' against 38.7% who voted 'yes'. "Considering that creditors insisted that [the refere
Read moreLondon pre-open: Sell-off expected after Greeks vote 'no' in referendum
6th Jul 2015 07:40
UK stocks are expected to plunge on Monday morning after the Greek public backed the government's rejection of bailout proposals with a resounding 'no' vote in Sunday's referendum. Some 61.3% of the Greeks voted 'no' against 38.7% who voted 'yes', pushing the nation into unchartered territory in its
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