Wednesday broker round-up UPDATE
12th Nov 2014 09:07
Aberdeen: UBS lowers target price from 465p to 450p and downgrades from buy to neutral. ASOS: Societe Generale reduces target price from 5000p to 4450p, while leaving its buy recommendation unchanged. BG Group: Deutsche Bank reduces target price from 1400p to 1300p and keeps a buy recommendation.
Read moreFTSE 250 movers: Renishaw rises after seeing continued strong demand
11th Nov 2014 14:32
Renishaw rose strongly after it reiterated its full-year guidance, saying that it continues to see "strong demand" across its product lines. The British engineering firm expects to achieve revenue between £425m and £445m and adjusted pre-tax profit between £95m and £105m. The group said it is increa
Read moreBroker tips: Vodafone, Betfair, Renishaw
11th Nov 2014 12:40
Vodafone's share price surged on Tuesday on the back of its interim results, though Brewin Dolphin said that it didn't expect such a positive reaction to a "broadly in-line" report from the telecoms giant. The broker said that Tuesday's market reaction - shares up 6% by early afternoon at 220.25p -
Read moreLondon midday: Vodafone leads UK markets higher, but resource stocks weigh
11th Nov 2014 11:34
Strong gains from Vodafone and a string of property companies pushed UK shares into positive territory on Tuesday, though weakness in the resource sectors was limiting upside as the stock market fluctuated at a six-week high. The FTSE 100 was up just 0.1% at 6,618 by midday, having pulled back sligh
Read moreSales momentum at Renishaw will not last, warns N+1 Singer
11th Nov 2014 10:21
An extremely brief trading update from Renishaw was well-received by the market on Tuesday, though broker N+1 Singer has maintained a neutral stance on the stock due to a cautious outlook for next year. The company, which specialises in measurement, motion control, spectroscopy and precision machini
Read moreLondon open: UK stocks at six-week high as Vodafone gains
11th Nov 2014 08:38
London's stock market was trading at levels not seen since late September on Tuesday as decent gains from Vodafone and a host of real-estate groups outweighed weakness in the mining sector. The FTSE 100 was 0.3% higher at 6,633 in early deals. Nevertheless, gains were only modest early on after the
Read moreRenishaw reiterates full-year guidance amid growing demand
11th Nov 2014 08:08
Renishaw has reiterated its full-year guidance, saying that it continues to see "strong demand" across its product lines. The British engineering firm expects to achieve revenue between £425m and £445m and adjusted pre-tax profit between £95m and £105m. The group said it is increasing its investmen
Read moreTuesday broker round-up UPDATE
4th Nov 2014 09:32
Aberdeen Asset Management: Credit Suisse ups target price from 440p to 455p and keeps a neutral rating. Anglo Eastern: FinnCap initiates with a target price of 880p and a buy recommendation. Ashmore: Credit Suisse downgrades to underperform. Barclays: Citi moves target price from 300p to 315p stay
Read moreSectors: Tech sentiment improves
29th Oct 2014 14:23
Improving sentiment towards technology companies saw the electronic and electrical equipment sector top the leaderboards in London on Wednesday. Although earnings reports from tech giants stateside have been mixed, with Apple and Facebook pleasing but Amazon and Twitter disappointing, interest in sm
Read moreFTSE 250 movers: African Barrick lifted by broker comment as Synthomer slides after profit warning
28th Oct 2014 11:21
African Barrick Gold climbed after Westhouse Securities moved its target price from 230p to 240p, keeping its 'add' rating. Renishaw extended Monday's gains, which came after it revealed that it now expects to continue to experience the revenue growth seen in its first quarter in the second half of
Read moreFTSE 250 movers: Renishaw leads after updating second half outlook
27th Oct 2014 13:56
Renishaw has revealed that it now expects to continue to experience the revenue growth seen in its first quarter in the second half of its financial year. The brief announcement from the metrology and healthcare manufacturer came less than two weeks after it delivered its interim management statemen
Read moreMonday broker round-up UPDATE
27th Oct 2014 10:05
Aquarius Platinum: Deutsche Bank shifts target price from 28p to 30p and maintains a buy recommendation. Dechra Pharmaceuticals: FinnCap ups target price from 800p to 840p and reiterates a buy recommendation. easyJet: Morgan Stanley moves target price from 1650p to 1665p leaving its overweight rati
Read moreLondon pre-open: Stocks to open higher after positive stress-test result for British banks
27th Oct 2014 07:43
A positive start is on the cards for UK stocks after it was revealed that every British bank passed the Eurozone 'stress tests', although one in five European banks failed. City sources predict the FTSE 100 will open around 44 points higher than Friday's close of 6,388.73. "While 25 of the 130 bank
Read moreRenishaw to continue to see Q1 pattern of revenue growth in second half
27th Oct 2014 07:11
Renishaw has revealed that it now expects to continue to experience the revenue growth seen in its first quarter in the second half of its financial year. The brief announcement from the metrology and healthcare manufacturer came less than two weeks after it delivered its interim management statemen
Read moreRenishaw profits more than double in first quarter
16th Oct 2014 10:42
Engineer Renishaw revealed a strong start to the year, with first quarter profits more than doubled to £21.3m. Earlier in the month the company revealed that revenues rose 28% to £101.4m. This is in part thanks to underlying revenue growth of 14% at its metrology business. Management believe the t
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