Wednesday broker round-up
11th Nov 2015 11:19
(ShareCast News) - Auto Trader Group: Goldman Sachs downgrades to neutral. Target price: 415.00p. Fidessa Group: Finncap downgrades to sell, cuts target price to 1750.00p. Jupiter Fund Management: Barclays upgrades to overweight, lifts target price to 520.00p. Dcc: Exane BNP Paribas downgrades to
Read moreLondon open: Investors anxious ahead of MPC's 'Super Thursday'
5th Nov 2015 08:30
(ShareCast News) - Investors in UK shares were anxious ahead of Thursday's meeting of the Monetary Policy Committee after remarks by US Federal Reserve chairwoman Janet Yellen on the previous day led traders to push up the odds of a December rate hike across the Pond. As of 0945 GMT the FTSE 100 was
Read moreSchroders reports smaller than expected dip in AuM
5th Nov 2015 07:40
(ShareCast News) - Schroders saw profitability jump in the nine months to September 2015 alongside a sharp rise in net inflows at its Asset Management, with assets under management holding up better than expected in the third quarter. Total inflows rose by £8.3bn in the first nine months of the ye
Read moreFriday broker round-up
9th Oct 2015 16:28
(ShareCast News) - Ferrexpo: UBS upgrades to neutral, cuts target price to 36.00p. Carillion: Investec Securities downgrades to hold. Target price: 300.00p. Weir Group: RBC Capital Markets downgrades to underperform, bumps down target price to 50.00p. United Utilities Group: Credit Suisse upgrades
Read moreFTSE 100 movers: Financials on a flier as risk-on returns
8th Sep 2015 14:03
(ShareCast News) - The FTSE 100 index built on a strong start on Tuesday, rising 1.5% to 6,162.86 points by mid-afternoon with the financial sector leading the charge. Pensions and investment company Hargreaves Lansdown, which is due to publish results on Wednesday, and Aberdeen Asset Management tus
Read moreSchroders interim profit beats expectations
30th Jul 2015 09:11
(ShareCast News) - Asset manager Schroders posted better-than-expected first half profit, on the back of strong demand for its fixed income products. For the six months to 30 June, adjusted for the costs of previous acquisitions, the group reported a 17% year-on-year rise in pre-tax profits to £305.
Read moreFTSE 100 risers: Financials flying, retailers bounce on minimum wage revision
10th Jul 2015 14:19
(ShareCast News) - London's blue chips breezed higher on a sunny Friday afternoon, buoyed by China's stock market bounce and renewed hopes of a deal for Greece, and with financial stocks leading the charge. A bullish note from Barclays also injected some life into insurers and other money managers,
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 close: FTSE sinks to five-month low as final act of Greek drama unfolds
29th Jun 2015 16:54
Heavy falls in the travel, tourism and financial sectors prompted a 2% plunge on the FTSE 100 on Monday as investor sentiment was hammered by concerns about the future of Greece and the wider Eurozone. The FTSE 100 finished 133.22 points lower (-1.97%) at 6,620.48 by the end of the session, its lowe
Read moreCiti sees 40% return on European equities to end-2016
1st Jun 2015 10:50
European shares are set to 'deliver' as economic recovery in the euro area gains traction and given that valuations are not currently expensive, contrary to what some observers say, a leading broker argued on Monday. In a research note entitled "El Toro - the European bull" analysts at Citi highligh
Read moreTuesday broker round-up
5th May 2015 14:59
Lloyds: Exane, UBS and Jefferies reiterated their buy recommendation, with the latter bumping up its price target to 201p from 88p. BT Group: Credit Suisse reiterates outperform and Barclays its overweight stance, with price targets of 495p and 600p, respectively. Aviva: Barclays ups target to 632p
Read moreThursday broker round-up
30th Apr 2015 18:01
Schroders: Credit Suisse reiterates outperform and 2,770p target price. Tesco: UBS restarts coverage at buy with 260p target. Pearson: Westhouse Securities reiterates sell and 1,185p target price. RBS: Shore Capital reiterates hold, Numis reiterates add (with 400p target), Investec reiterates hold
Read moreLondon close: Stocks edge higher despite mixed earnings, data
30th Apr 2015 16:23
UK stocks managed to erase earlier losses to settle in positive territory on Thursday as investors picked up bargains following heavy losses over the last two sessions. The FTSE 100 finished 0.21% higher at 6,960.63, bouncing back after hitting a low of 6,906.24 early on amid a mixed batch of corpor
Read moreLondon midday: Stocks erase losses but weak earnings limit upside
30th Apr 2015 12:02
Uncertainty surrounding US monetary policy and a raft of poorly-received corporate earnings kept the FTSE 100 flat on Thursday morning, with the index fluctuating at its lowest in three weeks. The FTSE 100 was up just 0.09% at 6,952.66 by midday, with RBS, IAG and Schroders limiting upside after dis
Read moreLondon open: IAG, RBS and Schroders lead UK markets lower
30th Apr 2015 09:13
UK stock markets picked up where they left off on Thursday, falling for the third straight day on the back of mostly worse-than-expected corporate earnings and hawkish comments from the Federal Reserve. The FTSE 100 was trading 0.43% lower at 6,916.69 early on, with heavyweights IAG, RBS and Schrode
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