Tuesday broker round-up
26th Aug 2014 10:16
Bioquell: N+1 Singer upgrades from hold to buy with an unchanged target price of 112p. Investec cuts target price from 133p to 98p, while upgrading from hold to add. Circle Oil: Investec moves target price from 50p to 70p and maintains a buy recommendation. Clinigen Group: N+1 Singer ups target pr
Read moreMonday broker round-up UPDATE
18th Aug 2014 09:54
Admiral Group: Credit Suisse reduces target price from 1425p to 1350p and stays with its neutral rating. Ophir Energy: RBC Capital reduces target price from 400p to 240p, while its neutral rating remains unchanged. Petra Diamonds: Westhouse Securities ups target price from 200p to 230p upgrading f
Read moreLondon open: Stocks fall despite strong earnings, as geopolitics weigh
12th Aug 2014 09:00
- Investors watch Ukraine crisis amid 'aid mission' speculation - ZEW surveys in focus in Germany - Ladbrokes, Just Eat, Serco and SIG rise after results - Hargreaves Lansdown hit by comments from UBS techMARK 2,721.19 -0.23% FTSE 100 6,621.59 -0.17% FTSE 250 15,468.99 +0.05% UK stocks declined on
Read moreBuoyant UK housing market lifts SIG
12th Aug 2014 08:32
Building product distributor SIG forecast better-than-expected annual profits on the back of the buoyant UK housing market, but said trading in France was still tough. SIG, which provides insulation and roofing, said full-year profits should be about £7m higher than a year ago, compared to its prev
Read moreWednesday broker round-up UPDATE
23rd Jul 2014 09:01
Abcam: Canaccord Genuity ups target price from 375p to 400p and upgrades from hold to buy. ARM Holdings: Deutsche Bank cuts target price from 975p to 950p and maintains a hold recommendation. Credit Suisse lowers target price from 1125p to 1100p and leaves its outperform rating unaltered. Beazley:
Read moreLondon pre-open: Stocks to fall after Malaysian Airlines crash
18th Jul 2014 07:54
Stocks across Europe are expected to be fall on Friday morning as investors scale back their appetite for risk amid increased geopolitical tensions in eastern Europe following the downing of a commercial aircraft. City sources predict the FTSE 100 in London will open around 13 points lower than Th
Read moreSIG buys France's Sodimat for €4.4m
18th Jul 2014 07:34
Building product distributor SIG has bought French rival Sodimat for €4.4m in cash. SIG is buying Lyon-based Sodimat, which distributes flat roofing products in France, from the Sitbon family, which founded the business. Sodimat made a pre-tax profit of €550,000 in the financial year to December 3
Read moreFTSE 250 movers: Just Eat and Ocado lead slide
8th Jul 2014 15:40
Leading the FTSE 250 on its journey lower on Tuesday, Just Eat continued its own recent decline with a steep drop in the session, which fell along with fellow online retailer Ocado, which was knocked by a target price cut from Deutsche Bank from 350p to 330p. Although it was expected, slowing sales
Read moreSIG growth slows as comparatives stiffen
8th Jul 2014 08:13
Sales growth slowed in the second quarter at building materials distributor SIG, as expected, with markets in mainland Europe and the strong pound proving a drag on numbers. "While construction markets in mainland Europe remain variable, with France continuing to decline, the outlook for the UK rem
Read moreLondon pre-open: Quiet start ahead of 'noisy' day
3rd Jul 2014 07:40
Investors are holding their breath ahead of today's torrent of economic data and events as they await firm direction following yesterday's quieter session. City sources predict the FTSE 100 will open around five points higher than yesterday's close of 6,816.37. The main release today is the month
Read moreSIG acquires specialist distributor of air handling products
3rd Jul 2014 07:10
Building products distributor SIG has acquired Inatherm BV, a specialist distributor of air handling products based in the Netherlands for an initial €4.7m and a deferred €0.7m due in January 2016. In 2013 the group generated profit before tax of €0.6m and had gross assets of €1.8m at the year-end
Read moreFTSE 250 movers: Housebuilders jump following new BoE measures
26th Jun 2014 15:16
Housebuilders and related stocks including Redrow, Countrywide, Taylor Wimpey and Galliford Try leapt as investors reacted postively to the new Bank of England measures to cool the housing market. Alastair Stewart from Westhouse Securities said that the measures were "less draconian than many observ
Read moreFriday broker round-up UPDATE
16th May 2014 08:23
Ashcourt Rowan: N+1 Singer initiates with a target price of 231p and a buy recommendation. Bioquell: N+1 Singer cuts target price from 157p to 112p and downgrades to hold. Boohoo.com: Jefferies initiates with a target price of 68p and a buy recommendation. Capital & Regional: Numis upgrades from
Read moreSIG on track to achieve 'good progress' this year
16th May 2014 08:15
SIG, which distributes specialist building products in Europe, on Friday confirmed it expects to achieve 'good progress' this year. It said its progress was based on the trading environment, operational efficiency savings and a modest net benefit from the strategic initiatives. It also told inves
Read moreSIG offloads home insulations unit
24th Apr 2014 12:47
Building materials distributor SIG has sold off its home insulation business for a nominal sum to private boiler and home heating firm Help-Link. The FTSE 250 company will provide £5.3m in cash to insulation installation and contracting business Miller Pattison, which was formerly known as SIG Ener
Read more