Wednesday broker round-up UPDATE
6th Aug 2014 10:20
Aggreko: Jefferies raises target price from 1800p to 2000p and keeps a buy recommendation. Investec ups target price from 1650p to 1700p and leaves its hold recommendation unchanged. Avingtrans: FinnCap cuts target price from 170p to 155p downgrading from buy to hold. Aviva: Jefferies initiates wi
Read moreLondon open: UK stocks drop as Ukraine crisis intensifies
6th Aug 2014 09:10
- Russia builds up troop numbers along border - German factory orders slump 3.2% - Ex-div stocks fall, Sage rises after appointing new CEO techMARK 2,728.84 -0.47% FTSE 100 6,646.91 -0.53% FTSE 250 15,263.85 -0.57% UK stocks dropped on Wednesday morning as heightened geopolitical tensions hit risk
Read moreLondon pre-open: Ukraine crisis to send UK stocks lower early on
6th Aug 2014 07:46
Heightened tensions between Russia and Ukraine, a late sell-off on Wall Street and a surprise drop in German factory orders are expected to feed into a lower open for UK markets on Wednesday. City sources predict the FTSE 100 will open around 40 points lower than Tuesday's close of 6,682.48. After
Read moreSage appoints former Micro Focus boss Kelly as new CEO
6th Aug 2014 07:38
Accounting software group Sage appointed former Micro Focus boss Stephen Kelly as successor to longstanding chief executive Guy Berruyer. Kelly, who has most recently been head of efficiency and reform for the UK government, will take up the role from 5 November. He said it was "a great time to be
Read moreThursday broker round-up UPDATE
24th Jul 2014 08:59
Afren: JP Morgan shifts target price from 180p to 188p upgrading from underweight to overweight. Anglo American: Jefferies raises target price from 1550p to 1700p and reiterates a hold recommendation. Antofagasta: Jefferies increases target price from 825p to 1000p upgrading from hold to buy. ARM
Read moreFTSE 100 movers: GlaxoSmithKline shares tank as drugmaker lowers outlook
23rd Jul 2014 14:31
The share price ofGlaxoSmithKline tanked 6% on Wednesday afternoon, leading the fallers on the FTSE 100, as the drugmaker disappointed with a 4% drop in quarterly sales to £5.6bn and lowered its full-year outlook. It now expects to deliver 2014 full-year core earnings per share "broadly similar to l
Read moreLondon midday: FTSE 100 tops 6,800 as earnings impress
23rd Jul 2014 12:08
- Capital, BHP, Renishaw rise strongly after results/updates - BoE votes unanimously on rates - Ukraine, Gaza still in focus but fears ease techMARK 2,833.96 +0.26% FTSE 100 6,816.83 +0.32% FTSE 250 15,696.15 +0.29% UK stocks were trading at their highest level in over two weeks on Wednesday as we
Read moreLondon open: Capita, BHP Billiton lead gains ahead of BoE minutes
23rd Jul 2014 09:03
- FTSE 100 on track for highest finish since July 7th - BoE minutes eyed amid rate-hike speculation - Capita gains after strong first half - BHP leads miners higher as production rises techMARK 2,836.01 +0.33% FTSE 100 6,799.25 +0.06% FTSE 250 15,704.44 +0.34% After an initial fall, UK stocks push
Read moreSage revenue momentum continues but payments provides caution
23rd Jul 2014 08:15
- 4.3% organic revenue growth in Q3 - 4.7% organic revenue growth YTD - Subscriptions strong, payments weak Sage has revealed its organic revenue growth slowed slightly to 4.3% in the third quarter, but that it expects growth to be much stronger in the final three months of its financial year. How
Read morePanmure underwhelmed with Sage's latest deal
21st Jul 2014 13:28
Panmure Gordon has said that its enthusiasm about Sage's purchase of a majority stake in Exact Software Deutschland "doesn't dazzle" as it kept a 'hold' rating on the accountancy software group. Sages said it is paying €16.25m for the German payroll business of Exact Holding to increase its payroll
Read moreBroker tips: Tesco, Babcock, Sage, Tullow Oil
21st Jul 2014 12:59
A profit warning from Tesco may result in more downgrades, but Shore Capital has upgraded its rating on the supermarket stock from 'sell' to 'hold' after the resignation of Chief Executive Officer Philip Clarke on Monday. "With this important development we sense that the market will broadly welcom
Read moreSage Group to acquire German payroll business
21st Jul 2014 08:03
FTSE 100-listed Sage Group has agreed a deal to acquire Exact Lohn, the German payroll business of Exact Holding, for £12.87m - a move that it anticipates will transform its own payroll business in Germany. The transaction, which is set to increase its payroll revenue to approximately €30m, will p
Read moreLondon pre-open: FTSE to inch higher amid global tensions
21st Jul 2014 07:45
A small rise in predicted for the FTSE this morning, as investors gear up for a busy week of updates from London's blue chips. City sources predict the FTSE 100 will open around three points above Friday's close of 6,749.45. Investors will be keeping a close eye on retail giant Tesco, which has an
Read moreWednesday broker round-up UPDATE
28th May 2014 09:57
Accesso Technology Group: Numis initiates with a target price of 690p and a buy recommendation. Alternative Networks: Westhouse Securities upgrades from add to buy with a target price of 540p. Astra Zeneca: Deutsche Bank raises target price from 3800p to 3950p and keeps a hold recommendation. AVE
Read moreSector movers: Software and tech stocks lead gains
27th May 2014 14:34
Strong gains from AVEVA gave software stocks a boost on Tuesday, while ARM Holdings was providing a lift in the technology sector. AVEVA, which supplies engineering data and IT systems to power plants, shipping and energy facilities, beat forecasts with its annual results today, posting an 11% rise
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