Wednesday broker round-up UPDATE
14th Aug 2013 07:53
Afren: Investec moves target price from 160p to 170p and stays with its buy recommendation. APR Energy: Investec places its target price (prev.: 900p) under review and maintains a hold recommendation. Aviva: Canaccord Genuity raises target price from 385p to 460p upgrading from hold to buy. Balfo
Read moreMonday broker round-up UPDATE
12th Aug 2013 07:30
BAE Systems: Morgan Stanley increases target price from 350p to 430p and retains an equal-weight rating. Bodycote: N+1 Singer upgrades to buy with a target price of 700p. British American Tabacco: Goldman Sachs takes target price from 4220p to 4280p and stays with its buy recommendation. Capita G
Read moreFriday broker round-up UPDATE
9th Aug 2013 07:29
Aquarius Platinum: Deutsche Bank lowers target price from 63p to 60p keeping a buy recommendation. Ashmore Group: HSBC ups target price from 400p to 435p, while keeping overweight rating. ASOS: UBS raises target price from 4600p to 6000p staying with its buy recommendation. Aviva: Bank of America
Read moreFriday tips round-up: Aviva, Rio Tinto, Henderson Group
9th Aug 2013 06:43
Aviva's strategy under new Chief Executive Mark Wilson looks like it's working, according to The Telegraph's Questor column. The insurer's cashflows are improving, new business is increasing and operating expenses are being reduced. The company's interim results on Thursday revealed progress which p
Read moreLondon close: Markets rise as Chinese data gives miners a boost
8th Aug 2013 16:35
London's FTSE 100 finished Thursday's session in positive territory, registering moderate gains as a strong performance in the mining sector and results from Aviva helped the index rebound slightly after a four-day losing streak. Forecast-beating trade figures from the world's top metals user, Chin
Read moreFTSE 100 movers: Aviva jumps as first-half results impress
8th Aug 2013 14:41
Aviva's share price surged on Thursday after the insurer beat forecasts in the first half as its turnaround continues. The firm reported a five per cent rise in operating profit to 1,008m pounds, ahead of the 933m-pound estimate, while the value of new business jumped 17 per cent to 401m pounds. "I
Read moreLondon midday: Aviva, miners help FTSE 100 snap losing streak
8th Aug 2013 11:53
Markets were on the advance on Thursday morning as well-received results from insurer Aviva and strong gains in the mining sector helped the FTSE 100 rebound after four straight days of losses. Miners in particular were boosted by better-than-expected trade figures from China, as stocks in the sect
Read moreBroker tips: Schroders, Old Mutual, Ladbrokes
8th Aug 2013 10:55
Shares in Schroders fell sharply on Thursday morning as investors gave a cool reaction to the asset manager's first-half results. Panmure Gordon admitted that the first half beat its own forecasts, though maintained its 'hold' recommendation saying that the shares are expensive at 14 times earning
Read moreBroker snap: Schroders a 'hold' on valuation grounds, says Panmure
8th Aug 2013 09:13
Shares in Schroders fell sharply on Thursday morning as investors gave a cool reaction to the asset manager's first-half results. Panmure Gordon admitted that the first half beat its own forecasts, though maintained its 'hold' recommendation saying that the shares are expensive at 14 times earning
Read moreLondon open: Chinese trade data lifts markets after sell-off
8th Aug 2013 08:21
Better-than-expected trade figures from China helped push markets in positive territory on Thursday morning but sentiment was still fragile following the heavy sell-off the day before. Concerns about a tapering of stimulus by the Federal Reserve and an underwhelming forward guidance statement from
Read moreLondon pre-open: Higher start expected after heavy sell-off
8th Aug 2013 07:31
Stocks are expected to rise slightly on Thursday morning as the FTSE 100 rebounds after a heavy sell-off the day before on concerns over US stimulus and the Bank of England's forward guidance. Helping sentiment this morning is some better-than-expected trade figures from China overnight which showe
Read moreSchroders half-year profits rise on AuM and new inflows
8th Aug 2013 07:04
Schroders achieved a 25 per cent increase in pre-tax profit to 221.7m pounds in the first half as assets under management (AuM) and net inflows increased. AuM was up 21% to £235.7bn, compared to a year earlier, while net inflows jumped 67% to £4.5bn. The fund manager said financial markets made s
Read moreLondon midday: Stock fall with corporate earnings in focus
22nd Jul 2013 11:56
The FTSE 100 has started the week on a dull note, trading with moderate losses on Monday morning as traders turned nervous a busy week for corporate earnings. Markets are in for a "bumpy ride" this week with nearly a third of S&P 500 companies set to report their quarterly earnings, according to Fi
Read moreLondon close: FTSE 100 near seven-week high
15th Jul 2013 16:28
Decent gains in the financial sector boosted the FTSE 100 on Monday as markets welcomed in-line growth figures from China and record highs on Wall Street. The FTSE 100 finished 41 points higher at 6,586 today; the last time it closed higher was on May 30th when it reached 6,657. While the index cl
Read moreBroker snap: Recent sell-off at Aberdeen overdone, says UBS
12th Jul 2013 11:04
The recent share price fall at Aberdeen Asset Management over the past month has been overdone, according to UBS, which reiterated its 'buy' rating for the stock on Friday. "The market is pricing in outflows in emerging market (EM) equities; while we expect these to have slowed, we note that Aberde
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