Wednesday broker round-up UPDATE
9th Jan 2013 09:11
African Barrick Gold: Deutsche Bank reduces target price from 520p to 490p and reiterates a hold recommendation. Nomura cuts target price from 525p to 435p and downgrades from buy to neutral. African Minerals: Deutsche Bank increases target price from 606p to 620p and maintains a buy rating. AMEC:
Read moreMonday broker round-up UPDATE
3rd Dec 2012 07:16
ARM Holdings: Exane BNP Paribas upgrades from neutral to buy. Ashtead Group: Bank of America starts with a target price of 460p and a buy recommendation. AstraZaneca: Berenberg raises target price from 3080p to 3100p; hold recommendation kept. Balfour Beatty: Investec reduces target price from 21
Read moreHydrodec CFO buys up only stake in firm
31st Oct 2012 16:16
Chris Ellis, the Chief Financial Officer of Hydrodec, an AIM-listed cleantech industrial oil re-refining group, has purchased 447,849 ordinary shares in the company at 10.75p per share. This is his first purchase of the company´s stock since joining in July of this year. Non-Executive Director
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 moreSEGRO progresses operational turnaround
25th Oct 2012 09:03
SEGRO, the European-focused industrial property specialist, has made further operational progress during the third quarter. The FTSE-250 company, with £4.8bn of assets, saw existing space generate new annualised rental income of £2.6m (Q3 2011: £0.3m) and a further £5.5m (Q3 2011: £5.3m) of new ann
Read moreThursday broker round-up - UPDATE
25th Oct 2012 08:20
APR Energy: Seymour Pierce upgrades from reduce to hold, target left at 650p. ASOS: Seymour Pierce raises target from 1,900p to 2,350p, hold rating kept. AstraZeneca: Jefferies keeps hold rating and 3,00p target. Berkeley Group: Goldman Sachs upgrades to conviction buy, target lifted from 1,950p
Read moreCLS Executive Chairman sells by tender 368,000 shares
2nd Oct 2012 16:19
Sten Mortstedt, the Executive Chairman of CLS Holdings, a property investment company, has sold by tender 368,371 shares in the company on behalf of himself and his family. The shares were tendered for up to and including the pro rata entitlement of one ordinary share for every 76 ordinary shares
Read moreSegro completes acquisition of French assets
19th Sep 2012 07:44
Segro, the industrial property specialist, has completed the acquisition of a portfolio of eight French logistics assets from Foncière Europe Logistique, a subsidiary of Foncière des Régions. The firm paid €160.8m (£129.7m) in exchange for 13 buildings, which are 10 years old on average, totalling
Read moreFTSE 250 movers: Britvic, AG Barr surge on merger speculation
5th Sep 2012 15:56
Investors of Britvic and AG Barr today celebrated the news that the companies are in discussions about an all-share merger which would create 'one of the leading soft drinks companies in Europe'. "The combination would have compelling industrial logic and represents an opportunity for both companie
Read moreLondon open: BP and ex-div stocks provide a drag early on
5th Sep 2012 08:34
- ECB meeting eyed - Australian, Chinese data disappoints - BP, ex-div stocks weigh on Footsie Following a 1.5 per cent fall for the Footsie the day before, UK stocks opened lower once again on Wednesday morning with investors likely to remain cautious ahead of tomorrow's eagerly anticipated Europe
Read moreLondon close: Footsie drops 1.5 per cent as nerves take over
4th Sep 2012 16:41
- US manufacturing data disappoints - Markets nervous ahead of ECB meeting - Broker downgrades take down Vodafone, Land Secs... Disappointing manufacturing data from the US and skittishness ahead of a European Central Bank (ECB) monetary policy decision on Thursday sparked a sell-off on global stoc
Read moreLondon midday: Evraz leads fallers on the FTSE 100
4th Sep 2012 11:53
- Investors in 'wait and see mode' ahead of ECB - Markets await pivotal US ISM data - Moody's lower EU outlook to 'negative' The FTSE 100 had slumped to its lowest levels of the day by Tuesday lunchtime as investors were cautious about building positions ahead of some pivotal US economic data this
Read moreBroker tips: Petrofac, REITs, Ashtead
4th Sep 2012 11:49
Following a period of weakness, Credit Suisse has upgraded its rating on the shares of oilfield services group Petrofac from 'neutral' to 'outperform' and raised its target price from 1,750p to 1,800p. "We believe the stock has performed poorly on a lack of project awards over the summer period an
Read moreBroker snap: UBS remains underweight in UK real estate
4th Sep 2012 10:01
UBS says that investors should hold an 'equal-weight' position in the European real estate market, but has recommended to 'underweight the UK'. Real estate equities across Europe have outperformed the wider market by 21% in 2012 so far. "Our data suggests most generalists are underweight real est
Read moreTuesday broker round-up
4th Sep 2012 09:31
Ashtead: Jefferies lifts target from 360p to 320p, buy rating kept. Barclays: JP Morgan downgrades to neutral from overweight, target cut from 265p to 250p. British Land: UBS downgrades to neutral, target cut from 575p to 560p. Capital Shopping Centres Group: UBS upgrades to buy, target lifted fr
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