London midday: ITV drops as UK stocks retreat from 14-year high
14th May 2014 11:50
- ITV leads fallers after underwhelming Q1 - Markets pull back from highest level since 1999 - BoE strikes dovish tone in Inflation Report - Compass, Mondi rise strongly after updates techMARK 2,797.20 -0.25% FTSE 100 6,862.96 -0.15% FTSE 250 16,008.81 -0.19% UK stocks were in negative territory o
Read moreWednesday broker round-up UPDATE
14th May 2014 09:34
African Minerals: Deutsche Bank lowers target price from 335p to 324p maintaining a buy recommendation. Aveva: Panmure Gordon downgrades from buy to hold with a target price of 2199p. Aviva: Panmure Gordon ups target price from 540p to 585p and keeps a buy recommendation. boohoo.com: Investec ini
Read moreRenishaw's third quarter revenue rises but profit hurt by exchange rate
14th May 2014 07:55
- Revenue rises but profit falls - Disposal of stake in Delcam strengthens balance sheet - Positive outlook with growth expected British engineering company Renishaw saw third quarter revenue rise, driven by growth in the Far East, the UK, the Americas and Europe. Revenue for the three months ende
Read moreTuesday broker round-up UPDATE
4th Feb 2014 09:20
Alumasc: FinnCap ups target price from 142p to 167p and retains its buy recommendation. Barratt Developments: Barclays increases target price from 444.7p to 471.2p and keeps an overweight rating. Bellway: Barclays raises target price from 1498.1p to 1552.6p, but keeps an underweight rating. Berke
Read moreFriday broker round-up UPDATE
31st Jan 2014 09:43
Aberdeen Asset Management: Berenberg cuts target price from 555p to 530p staying with its buy recommendation. Amlin: Canaccord Genuity moves target price from 420p to 430p reiterating a hold recommendation. ARM Holdings: Credit Suisse cuts target price from 1150p to 1100p and reiterates an outperf
Read moreFTSE 250 movers: Serco dives after warning on profits
30th Jan 2014 14:55
Shares in Serco plunged after the group issued a profit warning in which it predicted that 2014 profits would fall as much as 20 per cent short of the 277m pounds that the market had expected. The support services group said it now expected 2013 revenue to fall by a mid-single digit percentage. Howe
Read moreThursday broker round-up UPDATE
30th Jan 2014 09:06
Amedeo Resources: Daniel Stewart initiates with a target price of 2p and a buy recommendation. Anglo American: Credit Suisse ups target price from 1600p to 1650p and leaves its neutral rating unchanged. Antofagasta: Citi takes target price from 270p to 290p, but still recommends selling. JP Morgan
Read moreRenishaw's first half profit and revenue fall
30th Jan 2014 07:51
- First half profit and revenue drop - Increase in investments of products and expansion - Trading expected to improve in second half UK engineering company Renishaw reported a decline in first half revenue and profit, reflecting tough comparators a year earlier. Revenue came to £163m in the six
Read moreMonday broker round-up UPDATE
13th Jan 2014 09:04
Admiral Group: Citi ups target price from 1220p to 1256p and reiterates a neutral rating. Afren: Nomura increases target price from 170p to 210p and stays with its neutral rating. Alternative Networks: Westhouse Securities increases target price from 445p to 540p reiterating its add rating. Amlin
Read moreFTSE 250 movers: Halfords charges higher on strong H1
7th Nov 2013 15:39
Car- and bike-parts retailer Halfords saw its shares rocket after delivering an impressive first half. The group posted profit before tax in the first six months of the year rose 6.4% to £44.6m, well ahead of the £38.9m forecast by analysts. Adding to the gains, Investec reiterated its 'buy' ratin
Read moreRenishaw welcomes offer from Autodesk to buy Delcam
7th Nov 2013 10:21
Engineering group Renishaw has received and accepted an offer from Autodesk, the US multinational software corporation, for the entire issued share capital of Delcam, a firm in which Renishaw holds 1.54m shares. The sale would equate to a total consideration of £32m. The transaction will go ahea
Read moreMonday broker round-up UPDATE
21st Oct 2013 08:59
Andor Technology: WH Ireland ups target price from 420p to 435p, while downgrading from buy to outperform. Anglo American: Deutsche Bank reduces target price from 1830p to 1780p, while leaving its buy recommendation unchanged. BAE Systems: Citi increases target price from 360p to 460p and stays wi
Read moreLondon close: Stocks edge higher after late rally
17th Oct 2013 17:00
UK stocks erased losses on Thursday afternoon, finishing in positive territory for the sixth straight session, though the market gave a rather lacklustre reaction to the last-minute US deal to avert a debt default. Alastair McCaig, Market Analyst at IG, said: "Having jumped out the way of one oncom
Read moreFTSE 250 movers: Polymetal shares leap on record Q3
17th Oct 2013 15:31
Shares in Polymetal International were on Thursday racing ahead after the group reported a record-setting third quarter which saw total gold equivalent production of 413,000 oz, up 30 per cent year-on-year. For the nine months ended September 30th, gold equivalent production totalled 972,000 oz, up
Read moreRenishaw shares drop on quarterly revenue decline
17th Oct 2013 13:08
Shares in Renishaw took a hit on Thursday after the group revealed a decline in revenue for the three months ended September 30th. Revenues for the quarter dropped to £79.0m (2012: £95.9m), although excluding major sales in the first quarter last year it experienced underlying growth of 9%. Profi
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