London open: Stocks rise ahead of Osborne's Autumn Statement
5th Dec 2012 08:29
Equity markets rose on Wednesday morning after strong gains for Asian markets overnight with the focus in the UK turning to George Osborne ahead of his budget statement. "In a week dominated by Europe and the on-going to-ing and fro-ing in the US with respect to the fiscal cliff, markets will be tu
Read moreWednesday broker round-up UPDATE
5th Dec 2012 07:19
Anglo American: Morgan Stanley reduces target price from 2110p to 1802p and keeps an equal weight rating. Brewin Dolphin Holdings: Peel Hunt raises target price from 185p to 230p and maintains a buy rating. British Sky Broadcasting Group: Nomura raises target price from 950p to 975p and reiterates
Read moreSage eyes Europe warily - UPDATE
5th Dec 2012 07:07
Accountancy software group Sage said it had grown revenues slightly over the past year but was keeping a close eye on conditions in Europe, particularly France. Organic revenue growth, which strips out acquisitions and disposals, was up 2% in the year, marking a slowdown from the 4% growth in 2011.
Read moreFriday broker round-up
9th Nov 2012 09:50
Balfour Beatty: Credit Suisse downgrades to neutral, target cut from 361p to 275p; Citi downgrades to neutral, target cut from 372p to 270p. Big Yellow: Citi downgrades to neutral, target lifted from 330p to 360p. Dairy Crest: JPMorgan Cazenove initiates coverage with overweight rating and 404p ta
Read moreLondon open: Stocks flat despite upbeat data from China
9th Nov 2012 08:32
Cyclical stocks such as miners and banks were limiting gains on the FTSE 100 on Friday morning as the benchmark index attempted to recover from a two-day sell-off on the back of concerns for the global economy. Worries about the impending US 'fiscal cliff' and Greece's bailout have taken their toll
Read moreLondon close: Stocks fall as Hurricane Sandy batters the US
29th Oct 2012 16:32
UK stocks finished slightly lower after a volatile session with markets showing caution as Hurricane Sandy hits the east coast of America, causing the New York Stock Exchange to suspend trading for today and possibly tomorrow. "It's been a day of low volumes today as investors hold back to assess t
Read moreFTSE 100 movers: Sage gets boost from Citigroup
29th Oct 2012 15:07
Sage Group was leading the risers after Citigroup upgraded the stock from neutral to buy, and raised its target price from 294p to 345p. Similarly, Deutsche Bank has today upped its price targets Hammerson to 580p from 540p, boosting the stock into the top three risers. Serco Group, the internat
Read moreLondon open: Stocks fall as Hurricane Sandy hits the US
29th Oct 2012 08:31
- New York trading suspended - UK equity markets cautious - Financials fall early on The UK stock market started in the red on Monday morning as investors showed caution as Hurricane Sandy hits the east coast of America. Dubbed as the '100-year storm', Hurricane Sandy has prompted the cancellatio
Read moreMonday broker round-up
29th Oct 2012 08:10
African Barrick Gold: HSBC cuts target from 710p to 670p, overweight rating kept. African Eagle Resources: Seymour Pierce keeps buy rating. Anglo American: Nomura cuts target from 2,100p to 2,000p, neutral rating kept; UBS ups target from 2,230p to 2,250p, buy rating kept. Burberry: Goldman Sachs
Read moreWednesday broker round-up - UDPATE
10th Oct 2012 08:22
African Barrick Gold: Nomura cuts target from 670p to 605p, buy rating kept. APR Energy: JPMorgan Cazenove initiates coverage with overweight rating and 1,005p target. ARM Holdings: Credit Suisse initiates coverage at neutral. ASOS: Seymour Pierce keeps hold rating and 1,900p target. Avanti Com
Read moreFTSE 100 movers: Miners rise as utilities sink
21st Sep 2012 14:20
Miners were generally performing well on Friday, clawing back some of yesterday's losses, but utilities are out of favour, especially National Grid, after JP Morgan Cazenove downgraded the stock to "underweight" from "neutral". Traders are still drumming their fingers, waiting impatiently for the
Read moreLondon open: Miners bounce back
21st Sep 2012 08:46
Having taken a hammering yesterday in the wake of the gloomy manufacturing news from China, miners are bouncing back this morning, dragging the Footsie higher. Of all the companies in the mining sector, Xstrata and Glencore are likely to be closely watched ahead of the deadline on Monday relating t
Read moreLondon pre-open: Spain in focus
21st Sep 2012 07:25
City sources predict the FTSE 100 will open up 22 points from yesterday's close of 5,855, as stocks take the lead from Asia. The Glenstrata deal is set to be a hot topic of interest today, ahead of its deadline on Monday. For the most part, US stocks ended the day slightly lower on Thursday, hit
Read moreSage makes double acquisition in Brazil
21st Sep 2012 07:02
Accountancy software group Sage has acquired EBS Empresa Brasileira de Sistemas, a provider of accounting, business management and tax software in Brazil. The acquisition, which was made through Sage's subsidiary, Folhamatic Tecnologia em Sistemas, cost the group up to £10.6m, including a performa
Read moreLondon close: M&A rumour mill cranks up
19th Sep 2012 16:53
After trading in positive territory for most of the day Footsie dipped into the red after US markets opened lower, but bounced back into the black in the final 90 minutes of trading. The day started well with the Japanese central bank unexpectedly opting to beef up its quantitative easing programme
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