Broker snap: Citi upgrades SDL to 'buy'
4th Apr 2013 10:57
Citigroup has upgraded its rating for translation and communications software group SDL from 'neutral' to 'buy', saying that expectations have been re-based following the recent sell-off. "SDL has had a tough start to 2013 with the shares down 24% year to date reflecting the negative impact of incr
Read moreThursday broker round-up UPDATE
4th Apr 2013 07:32
Aviva: Bank of America cuts target price from 350p to 335p, while its neutral rating remains unchanged. Barratt Developments: Credit Suisse revises target price from 223p to 317p, while staying with its neutral rating. Bellway: Credit Suisse moves target price from 1202p to 1639p and leaves its ou
Read moreTuesday broker round-up UPDATE
26th Mar 2013 07:41
Abbey Protection: Numis downgrades to hold with its target price at 120p. Aberdeen Asset Management: Bank of America raises target price from 425p to 455p keeping a neutral rating. JP Morgan moves target price from 498p to 532p, while its overweight rating remains unchanged. Exane BNP ups target pr
Read moreLondon close: US retail sales lift markets off lows
13th Mar 2013 17:01
Disappointing production data from the Eurozone dampened stocks on Wednesday morning in London, but a better-than-expected reading of US retail sales saw markets rally off their lows in afternoon trade. The monthly measure of American retail sales increased by 1.1% in February, an acceleration from
Read moreFTSE 250 movers: SDL rebounds after disappointing results
13th Mar 2013 15:46
SDL was on the rebound one day falling on the back of a 19 per cent decline in its profit before tax. Meanwhile, Petropavlovsk declined after Westhouse Securities cut its target price on the stock from 480p to 440p, although it retained a 'buy' recommendation. Ferrexpo also fell after announcing
Read moreLondon close: Stocks gain as markets shrug off gloomy production data
12th Mar 2013 16:52
In spite of some dismal production data from the UK, the FTSE 100 finished Tuesday's session slightly higher as the benchmark index continues to set fresh five-year highs. Copper producer Antofagasta was providing a lift in London, rising on the back of its strong 2012 results, while IAG gained on
Read moreFTSE 250 movers: Kenmare Resources, IG Group, SDL, St James Place
12th Mar 2013 14:35
Kenmare Resources shares soared after the operator of the Moma titanium minerals mine in Mozambique revealed a considerable rise in profits and revenues. IG Group Holdings advanced as the financial services firm posted an 18% increase in revenues for the third quarter of the 2013 financial year.
Read moreLondon midday: Markets flat despite dismal UK production figures
12th Mar 2013 11:28
The FTSE 100 managed to hold on to recent gains on Tuesday morning as traders shrugged off some disappointing domestic economic figures. London's benchmark is continuing to hover around the 6,500 mark, a level not seen since late 2007 before the financial crisis sparked a sell-off in financial mark
Read moreLondon open: Footsie holding on to five-year highs
12th Mar 2013 09:05
The FTSE 100 opened in cautious manner on Tuesday morning as investors paused for breath after the index hit fresh five-year highs the day before. London's benchmark is now hovering around the 6,500 mark, a level not seen since late 2007 before the financial crisis sparked a sell-off in financial m
Read moreSDL profit slumps, confident outlook
12th Mar 2013 07:24
Translation and communications software firm SDL said a weak performance in technology and underinvestment in the company hurt its full year performance but it remains confident in its outlook for sales in 2013. Profit before tax fell 19% for the year ended December 31st 2012 to £27.4m while revenu
Read moreTuesday broker round-up UPDATE
12th Mar 2013 07:19
Abcam:Investec shifts target price from 484p to 487p and keeps a buy recommendation. Admiral Group: UBS ups target price from 1200p to 1275p and reiterates a neutral rating. Amlin: Westhouse Securities raises target price from 440p to 455p, but downgrades from add to neutral. Anite: Numis reduce
Read moreThursday broker round-up UPDATE
7th Mar 2013 07:25
Admiral: Nomura raises target price from 1350p to 1493p keeping a buy recommendation. African Barrick Gold: Nomura cuts target price from 435p to 200p and downgrades from neutral to reduce. Aggreko: Investec increases target price from 1750p to 1940p upgrading from hold to buy. Anglo American: No
Read moreLondon pre-open: FTSE to extend Tuesday's gains
6th Mar 2013 07:29
City sources predict the FTSE 100 will open up three points from yesterday's close of 6,432, extending Tuesday's gains into near record territory, buoyed by an all time high recorded on the Dow Jones Industrials index in the US last night. UK stocks have been propelled upwards by a combination of c
Read moreSDL acquires mobile web solutions firm
6th Mar 2013 07:15
Translation and communications software firm SDL has acquired mobile web solutions company bemoko, to enhance its existing capabilities to deliver dynamic content to any device. bemoko, which was founded in 2007, delivers omni-channel web technology and has delivered award-winning mobile and multi
Read moreFriday tips round-up: Premier Oil, SDL, Wood Group
18th Jan 2013 06:50
Premier Oil missed its earlier production targets in part because of an outage at a North Sea asset. Its record for exploration there was not much better than that of the sector as a whole ? that is, poor. This year the company will drill at least 14 exploration and appraisal wells, to what effect w
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