Sector movers: Impressive first half from Aberdeen lifts financial stocks
29th Apr 2013 15:21
Strong gains for Aberdeen boosted the financial services sector higher on Monday after the asset manager impressed with its first-half results. The group said that assets under management (AuM) increased by 13% to £212.3bn in the six months to March 31st after investors' appetite for risk assets re
Read moreFTSE 100 movers: M&S rises on better-than-expected performance
11th Apr 2013 14:58
Marks & Spencer rose into the top spot on the back of strong food sales during its fourth quarter, and despite a fall in clothing sales. Overall, the period delivered a better-than-expected performance, prompting Investec to say its sees a 'glimmer of hope'. Schroders got a boost from sector peer
Read moreMonday broker round-up UPDATE
8th Apr 2013 07:21
Aberdeen Asset Management: Jefferies takes target price from 400p to 420p maintaining a hold recommendation. Admiral Group: Credit Suisse increases target price from 1320p to 1351p keeping a neutral rating. Antofagasta: Investec moves target price from 958p to 934p keeping a sell recommendation.
Read moreBroker tips: Banks, Asset managers, Next
5th Apr 2013 10:41
Investec has turned more bullish on global banking giant HSBC, upgrading the stock from 'add' to 'buy', but has retained a clear preference for sector peer Standard Chartered (also rated 'buy'). Analyst Ian Gordon said in a research note on Friday that both HSBC and StanChart are expected to delive
Read moreBroker snap: Jefferies downgrades asset managers Schroders, Henderson and Jupiter
5th Apr 2013 09:51
Jefferies has downgraded its ratings for three asset managers, Schroders, Henderson and Jupiter, in a review of the sector following the strong equity markets and re-ratings seen so far this year. Unsurprisingly, given the year-to-date stock-market surge year seen across the globe, Jefferies says t
Read moreFriday broker round-up UPDATE
5th Apr 2013 08:33
Aberdeen Asset Management: Jefferies moves target price from 400p to 420p keeping a hold recommendation. Aggreko: Investec reduces target price from 2065p to 1900p downgrading from buy to add. APR Energy: Investec takes target price from 650p to 900p retaining a hold recommendation. ARM Holdings:
Read moreLondon close: 'Ill wind' blows in from across the Atlantic
3rd Apr 2013 17:04
Markets have ended firmly lower on the day, in reaction to mixed economic data out Stateside and despite strong economic data in China. As well, company-specific news weighed on index heavy-weights Vodafone and RBS. All of the above came on the back of a nervous atmosphere ahead of central bank
Read moreFTSE 100 movers: Vedanta rises on appeal decision
3rd Apr 2013 14:45
Vedanta made strong gains on Wednesday, as investors welcomed the decision by India to grant the company an appeal over the closure of its copper smelter in Tuticorin, Tamil Nadu. Wood Group was rising on reports it has been awarded a contract worth $1.6m from a Chinese petrochemical plant. The or
Read moreLondon midday: Stocks pull back ahead of rate decisions, US jobs report
3rd Apr 2013 11:49
Sharp falls in the mining sector and a number of heavyweight stocks going ex-dividend ensured that London markets were firmly in negative territory on Wednesday morning, with investors scaling back risk ahead of some key events later this week. "With three major central bank meetings taking place o
Read moreBroker tips: Miners, Schroders, Babcock
3rd Apr 2013 10:43
Credit Suisse made across-the-board target-price cuts in the mining sector on Wednesday, highlighting the impact of supply overhang on metals prices this year. "Despite more restrained spending, 2013/14 will be a period of price discovery, as markets move into surplus and the sector lives through t
Read moreBroker snap: Schroders shares surge on equity inflows, acquistions
3rd Apr 2013 08:44
Schroders was topping the FTSE 100 in early Wednesday trading as Credit Suisse said it expects the fund manager to gain from positive net inflows into European equities. "The broadening out of inflows into areas such as European equities is broadly positive for a number of names under our coverage
Read moreWednesday broker round-up UPDATE
3rd Apr 2013 08:41
Aggreko: Credit Suisse takes target price from 1850p to 2000p staying with its neutral rating. Andor Technology: Investec ups target price from 500p to 525p reiterating a buy recommendation. AngloAmerican: Credit Suisse cuts target price from 2100p to 1900p and reiterates a neutral rating. Antofa
Read moreLondon open: Markets turn cautious ahead of risk events this week
3rd Apr 2013 08:41
Markets shrugged off some strong economic data from China on Wednesday morning to trade firmly in the red with traders nervous ahead of central bank meetings tomorrow and US employment data on Friday. "European markets opened cautiously today as investors opted to mirror the lack of enthusiasm show
Read moreSchroders subsidiary completes acquisition of STW Fixed Income
2nd Apr 2013 15:25
Financial services group Schroders has announced its subsidiary, Schroder US Holdings, has completed the acquisition of 100 per cent of the share capital of STW Fixed Income Management, a speciality fixed income manager. STW, which provides custom solutions to meet the needs of a diverse client ba
Read moreLondon close: Stocks weighed down by Eurozone concerns
27th Mar 2013 17:31
Political wrangling in Italy and uncertainty in Cyprus resulted in a volatile day for London's FTSE 100 index on Wednesday, though stocks bounced well off their lows in afternoon trade. The Footsie dropped to an intraday low of 6,344 at midday, but had recovered to 6,388 by the close, tracking a sl
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