London open: Stocks slip before US data
4th Sep 2012 08:30
- Moody's lower EU rating to 'negative' - Markets await US ISM data - Investors keep eyes pinned on ECB UK stocks pulled back on Tuesday morning following a strong performance the day before as some gloomy comments from Moody's and caution ahead of some US economic data dampened sentiment. Yesterd
Read moreWednesday broker round-up
15th Aug 2012 09:47
AB Foods: UBS raises target from 1,330p to 1,400p, buy rating unchanged. AVEVA: Jefferies ups target from 1,800p to 2,300p, buy recommendation maintained. Balfour Beatty: Investec maintains sell rating and 210p target. CLS Holdings: Peel Hunt ups target from 639p to 720p, hold rating kept. CRH:
Read moreLondon close: Markets tank as Draghi dampens sentiment
2nd Aug 2012 16:48
- Draghi fails to give markets a boost - BoE maintains rates and QE - RBS leads the downside on one-charges, nationalisation rumours Equity markets across Europe tanked on Thursday afternoon in spite of a positive start, after the European Central Bank (ECB) dashed hopes of immediate action to stem
Read moreFTSE 250 movers: Spirent falls on growth worries
2nd Aug 2012 15:13
Communications technology firm Spirent Communications was heavy faller after it cautioned that overall growth in the second half may reduce to mid- to low-single digit increase amid ongoing macro-economic uncertainty. High-flying Ophir Energy also disappointed the market as it revealed its gas dis
Read moreBroker tips: Aggreko, SEGRO, Next
2nd Aug 2012 12:48
Investec has said that a lack of upgrades for consensus forecasts at Aggreko may disappoint, but the broker says that the first-half results from the temporary power and temperature controls group were strong. "Aggreko has had an excellent first half, with a 30% lift in EPS (as expected), and remai
Read moreLondon midday: BoE holds fire; all eyes now on the ECB
2nd Aug 2012 11:44
- BoE maintains rates, QE - ECB decision in focus - RBS lower on nationalisation speculation While the policy-makers at the Bank of England (BoE) did what most were expecting - leaving interest rates and quantitative easing (QE) unchanged - UK stocks were trading firmly higher on Thursday morning
Read moreBroker snap: SEGRO beats estimates, but Jefferies keeps 'hold'
2nd Aug 2012 10:36
Shares of SEGRO raced ahead on Thursday morning after the industrial property specialist's interim results, but Jefferies has maintained its 'hold' recommendation on the stock, saying that 'the hard work starts' in the second half. Net asset value per share of 317p came close to Jefferies's forecas
Read moreThursday broker round-up
2nd Aug 2012 10:00
Aggreko: Investec keeps buy rating and 2,520p target. Antofagasta: UBS lifts tagged from 850p to 870p, sell rating unchanged. BAE Systems: Investec maintains hold rating and 290p target. Drax: AlphaValue downgrades to reduce. ENRC: UBS cuts tagged from 640p to 615p, buy rating maintained. Filtr
Read moreLondon open: Markets look to the ECB for a boost
2nd Aug 2012 08:57
- Fed holds fire on further stimulus - BoE and ECB decisions expected later today - ECB expected to do 'whatever it takes' The Footsie rose moderately on Thursday morning in spite of the Federal Reserve disappointing US markets last night, as investors looked ahead to key policy decisions in the UK
Read moreSegro hits disposal target
2nd Aug 2012 08:32
Segro, the industrial property specialist forever doomed to be remembered as Slough Estates, has offloaded some more non-core assets, bringing it above its disposal target for the full year. The sale of 10 "older" industrial estates across the south of England for £111m brings the total level of sa
Read moreThursday broker round-up
19th Jul 2012 09:43
Afren: JP Morgan Cazenove reiterates overweight. Avocet: Westhouse Securities upgrades to buy. Barclays: Goldman Sachs upgrades to neutral, target cut from 250p to 220p. BG Group: Credit Suisse downgrades from outperform to neutral, target cut from 1,660p to 1,500p. British American Tobacco: Inv
Read moreTuesday tips round-up: Segro, AstraZeneca, Soco International
3rd Jul 2012 06:54
Industrial estates don't often set the heart racing but Questor in the Telegraph is rather partial to the logistics hubs owned by property firm Segro. The firm has just spent 130m pounds on a portfolio of warehouse estates in Paris and Lyon. This may look risky in the current euro-infected climate
Read moreSegro spends 160m euros on new French portfolio
2nd Jul 2012 07:59
Segro, the owner-manager and developer of industrial property, has agreed the acquisition of a portfolio of eight prime French logistics estates. The deal, with Foncière Europe Logistique, will cost Segro €160.8m. The portfolio comprises 13 buildings, which are 10 years old on average, totalling a
Read moreTuesday tips round-up: Morrisons, Kier, Segro
26th Jun 2012 07:03
In the Telegraph, Questor gives supermarket chain Morrisons a pummelling. The stock fell yesterday on news of the finance director leaving, while in some crucial areas the company appears to be playing catchup, notably in online sales and convenience stores. Trading on 10 times earnings, and lagging
Read moreLondon close: Eurozone uncertainties fuel risk aversion
25th Jun 2012 16:43
- Cautious mood ahead of EU summit - Spain officially asks for EU aid - Shire finishes down 11 per cent on generic competition issues Mining stocks were dragging London's FTSE 100 sharply lower on Monday, as investors sold off 'riskier' assets. However, it was Shire that finished the day as the wor
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