Sector movers: Electricals lower as Spectris gives gloomy outlook
19th Apr 2013 15:13
Equities in the electrical sector were under pressure on Friday after instrumentation and controls company Spectris gave a gloomy first-quarter update and scaled back guidance for the full year. FTSE 250 firm Spectris said that sales in the first three months of the year were down 9.0% on a constan
Read moreFriday broker round-up UPDATE
8th Mar 2013 07:42
Advanced Computer Software Group: Canaccord Genuity raises target price from 80p to 108p and reiterates a buy recommendation. Aggreko: Jefferies raises target price from 2000p to 2200p keeping its buy recommendation. Cantor Fitzgerald takes target price from 2020p to 2200p and stays with its buy re
Read moreTuesday broker round-up UPDATE
5th Feb 2013 07:14
Alternative Networks: Westhouse Securities downgrades from add to neutral with a target price of 280p. Anite: Northland Capital shifts target price from 153p to 167p leaving its buy recommendation unchanged. Barratt Developments: Liberum Capital raises target price from 165p to 259p and retains a
Read moreMonday broker round-up UPDATE
4th Feb 2013 07:17
Antofagasta: Nomura lowers target price from 1400p to 1250p and keeps a neutral rating. Aviva Group: Barclays cuts target price from 317p to 302p leaving its underweight rating unaltered. Beazley: Berenberg starts with a target price of 217p and a buy recommendation. Big Yellow Group: UBS reduces
Read moreThursday tips round-up: Renishaw, United Utilities
31st Jan 2013 07:15
Apple never confirms who its suppliers are, but one is plainly Renishaw, the Gloucestershire company that gets about 28 per cent of its revenues from the Far East ? mainly China, where iPhones and other smartphones and tablets are made using its precision-measuring tools. The company´s halfway figur
Read moreLondon close: Footsie slips after surprise US contraction
30th Jan 2013 16:57
After a decent start, London's FTSE 100 index slipped into the red in the afternoon session, as disappointing gross domestic product (GDP) figures from the US dampened risk appetite. Mining stocks bore the brunt of the selling today, pulling the resource-heavy Footsie down from the four-and-a-half-
Read moreFTSE 250 movers: Imagination Tech rises on Morgan Stanley upgrade
30th Jan 2013 15:56
Chip designer Imagination Tech was a high riser after Morgan Stanley upgraded the stock to 'overweight' and increased its target price from 450p to 570p. PZ Cussons got a boost after JP Morgan upped its target price from 310p to 370p and reiterated a neutral rating. Iron ore pellet producer Ferre
Read moreLondon midday: Markets nervous ahead of US GDP, FOMC
30th Jan 2013 11:39
Strong gains for financial stocks were being outweighed by heavy losses in the resources sector in London, with markets trading mixed ahead of a busy day in the US later on. "European markets are looking exhausted, broadly flat as traders continue to refrain from building equity positions after the
Read moreLondon open: Stocks flat ahead of a busy day
30th Jan 2013 08:30
Markets opened flat on Wednesday morning ahead a busy day on the economic calendar with all eyes focusing on growth data and a policy decision in the US later on. The world's biggest economy is expected to have grown at an annualised rate of 1.1% in the fourth quarter of 2012, according to prelimin
Read moreRenishaw first half lifted by China orders
30th Jan 2013 07:10
Precision tool maker Renishaw carved out a sharp increase in half yearly earnings, after it was boosted by a string of large consumer electronics orders in China, but cautioned it faces tough financial comparators in the second half. Adjusted pre-tax profit rose to £43.3m in the six months to Decem
Read moreWednesday broker round-up - UPDATE
30th Jan 2013 07:03
Alternative Networks: Investec increases target price from 310p to 330p retaining a buy rating. Anglo American: Deutsche Bank takes price target from 2200p to 2260p, while its buy recommendation remains unchanged. Antofagasta: Bank of America reduces target price from 1500p to 1400p and downgrades
Read moreWednesday broker round-up UPDATE
23rd Jan 2013 07:05
Aberdeen Asset Management: Societe Generale downgrades to hold, while its target price of 375p is not altered. Amara Mining: Investec reduces target price from 89p to 83p and reiterates a buy recommendation. Associated British Foods: Jefferies raises target price from 1365p to 1650p keeping a hold
Read moreThursday broker round-up UPDATE
17th Jan 2013 07:19
African Barrick Gold: Westhouse Securities reduces target price from 335p to 305p, while its sell recommendation is unchanged. Anglo American: Exane cuts target price from 2000p to 1650p and downgrades from neutral to underperform. Antofagasta: Exane ups target price from 1400p to 1500p keeping an
Read moreLondon close: Markets shrug off decent showing by banks
7th Jan 2013 16:35
- Traders take profits after recent surge - European banks on Basel III developments - Investors looking ahead to central bank decisions After registering impressive gains last week, stocks across Europe pulled back on Monday with investor taking profits as fourth-quarter earnings season gets into
Read moreFTSE 250 movers: Bumi climbs following confident trading update
7th Jan 2013 16:10
Mining group Bumi rose after saying that it continues to target a medium-term production target of 30mt each year and in light of the weak coal price environment, it will focus on lower cost pits and defer some of its expansion plans. Also flying higher was budget airline easyJet after it managed
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