Broker tips: Sage, Anite, Ashtead
11th Mar 2013 11:10
Accountancy software giant Sage suffered a steep fall on Monday after Bank of America Merrill Lynch downgraded its rating for the stock from 'neutral' to 'underperform'. The broker said in a research note that investors should remain cautious as to whether Sage can pull off its move to cloud comput
Read moreBroker snap: Sage hit by Bank of America downgrade
11th Mar 2013 10:48
Accountancy software giant Sage suffered a steep fall on Monday after Bank of America Merrill Lynch downgraded its rating for the stock from 'neutral' to 'underperform'. The broker said in a research note that investors should remain cautious as to whether Sage can pull off its move to cloud comput
Read moreLondon open: Italian downgrade weighs on markets early on
11th Mar 2013 08:37
UK markets opened cautiously on Monday as sentiment was dampened by Fitch Ratings, which downgraded its credit rating for Italy in the aftermath of an inconclusive election. Fitch downgraded Italy to 'BBB+' from 'A-' and kept the outlook at 'negative', saying that last month's elections make it unl
Read moreMonday broker round-up UPDATE
11th Mar 2013 07:23
Admiral Group: Berenberg ups target price from 1000p to 1060p, but still recommends selling. Amlin: Westhouse Securities raises target price from 440p to 455p, but downgrades from add to neutral. Anite Group: Invetsec downgrades from buy to hold with a target price of 157p. Aviva: Citigroup reduc
Read moreFTSE 100 movers: Serco rises on target price shift
22nd Feb 2013 14:28
Serco Group was a strong riser after Citigroup shifted its target price from 670p to 680p reiterating a buy recommendation. The sale of Russian billionaire Mikhail Prokhorov's holding in Polyus Gold, a London-listed miner, has prompted speculation of a merger between Polyus and fellow miner Polyme
Read moreThursday broker round-up UPDATE
21st Feb 2013 08:02
Aberdeen Asset Management: Citigroup takes target price from 400p to 430p and stays with its neutral rating. Admiral Group: JP Morgan starts with a target price of 1246p and a neutral rating. Anglo American: Jefferies increases target price from 2050p to 2450p and upgrades from hold to buy. Aviva
Read moreTuesday broker round-up UPDATE
19th Feb 2013 07:30
Admiral Group: Investec takes target price from 570p to 582p, but still recommends selling. Advanced Medical Solutions: Investec upgrades from hold to buy with a target price of 68p. African Barrick Gold: Canaccord Genuity reduces target price from 360p to 305p keeping a hold rating. Anglo Americ
Read moreMonday broker round-up UPDATE
18th Feb 2013 08:09
AMEC: Deutsche Bank cuts target price from 1350p to 1250p and stays with its buy recommendation. HSBC lowers target price from 1225p to 1200p keeping an overweight rating. Anglo American: Deutsche Bank moves target price from 2260p to 2290p and maintains a buy recommendation. HSBC upgrades to overw
Read moreSage disposes of seven non-core products
15th Feb 2013 11:32
Software giant The Sage Group is disposing of seven products it considers non-core units in a move to streamline business. The FTSE 100 company said it has reached an agreement to sell the products for an total price of £93.4m, of which £81.9m is payable in cash on completion. The items include
Read moreFTSE 100 movers: Tullow Oil rises on strong set of results
13th Feb 2013 15:50
Oil and gas group Tullow rose strongly today after posting a four per cent rise in annual pre-tax profits on the back for strong sales and output. Pre-tax profits in 2012 totalled 1.11bn dollars, ahead of analysts' expectations. Irish building materials group CRH was one of the best performers on
Read moreLondon close: Stocks lifted by upbeat US earnings
23rd Jan 2013 17:05
London's FTSE 100 finished with moderate gains on Wednesday afternoon ahead of a key vote over the potential extension of the debt ceiling Stateside, as some decent results from US bellwethers Google, McDonald's and IBM lifted sentiment across stock markets worldwide. The US House of Representative
Read moreLondon midday: Stocks hold on to gains, but markets cautious
23rd Jan 2013 11:38
The mood on the stock markets was cautious on Wednesday morning as traders digested a barrage of economic announcements, corporate earnings and a key speech by David Cameron. The FTSE 100 managed to stay in positive territory after a strong start, albeit only just. UK Prime Minister David Cameron's
Read moreLondon open: Stocks rise ahead of US debt-ceiling vote
23rd Jan 2013 08:28
Well-received earnings from some Wall-Street heavyweights were boosting market sentiment on Wednesday morning, with London's FTSE 100 making moderate gains early on. Both Google and IBM impressed the US market late last night with better-than-expected fourth-quarter results. Markets will likely be
Read moreSage warns that conditions in mainland Europe 'remain challenging'
23rd Jan 2013 07:28
Sage group has reported trading in-line with expectations in its interim management statement for the period from October 1st to date, according to an announcement issued by the company on Wednesday morning. The FTSE 100 business software firm said that its revenue trends had varied across geograph
Read moreWednesday broker round-up UPDATE
23rd Jan 2013 07:05
Aberdeen Asset Management: Societe Generale downgrades to hold, while its target price of 375p is not altered. Amara Mining: Investec reduces target price from 89p to 83p and reiterates a buy recommendation. Associated British Foods: Jefferies raises target price from 1365p to 1650p keeping a hold
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