Broker tips: RBS, Utilities, Computacenter
18th Oct 2013 12:06
Investec has maintained its 'sell' rating for UK lender Royal Bank of Scotland (RBS), recommending investors not to own the stock ahead of its third-quarter results on November 1st. Analyst Ian Gordon said that the bank will likely fall back into the red in the second half, though most of the damag
Read moreBroker snap: Market overly cautious on SSE and Shanks, says Credit Suisse
18th Oct 2013 09:25
Credit Suisse has labelled SSE and Shanks as buying opportunities, saying that the market is overly cautious about these utility providers. Proposals by the Labour Party to freeze tariffs may have increased political risk perceptions in the industry, but this could be mitigated by reduced spend, Cr
Read moreBroker tips: Gold miners, WPP, 888, Shanks
16th Oct 2013 11:50
Nomura said it has been 'somewhat perplexed' by gold's recent weakness during the US government shutdown, but said it was positive on the outlook for gold prices until the end of the year. Nevertheless, the broker has downgraded its ratings for gold mining peers Polymetal and Centamin after both st
Read moreBroker snap: Jefferies ups Shanks target after exit of loss-making unit
16th Oct 2013 11:10
Jefferies has raised its rating for Shanks from 84p to 100p after the news that the firm is exiting its loss-making UK solid waste business. The waste management group said this week that it is to sell the majority of the division - which collects, sorts and processes commercial and industrial wast
Read moreWednesday broker round-up UPDATE
16th Oct 2013 08:26
Anite: Northland Capital reduces target price from 160p to 120p, while staying with its buy recommendation. Panmure Gordon cuts target price from 177p to 142p and keeps a buy recommendation. Jefferies takes target price from 160p to 110p, while leaving its buy recommendation unchanged. Canaccord Gen
Read moreMonday broker round-up UPDATE
17th Jun 2013 07:21
Antofagasta: UBS reduces target price from 1140p to 1050p, while upgrading from neutral to buy. ARM Holdings: Analysts at Numis have cut their view on the shares to reduce from hold. Associated British Foods: Nomura cuts target price from 1800p to 1650p downgrading to reduce. Atkins: Jefferies u
Read moreMonday broker round-up UPDATE
29th Apr 2013 08:17
Afren: Liberum Capital shifts target price from 130p to 136p and maintains a hold recommendation. AngloAmerican: Nomura upgrades from reduce to neutral with a target price of 1700p. Antofagasta: Nomura cuts target price from 1250p to 1200p, while its neutral rating remains unchanged. Investec redu
Read moreShanks Group sells joint venture stake in Caird Bardon
24th Apr 2013 11:14
Sustainable waste management business Shanks Group has completed the sale of its joint venture interest in Leeds-based landfill site, Caird Bardon to Seneca Global Energy, a Hartlepool-based renewable energy company. Shanks said Seneca had acquired the interest in Caird Bardon, which operates the P
Read moreTuesday broker round-up UPDATE
9th Apr 2013 08:10
African Barrick Gold: Westhouse Securities upgrades from sell to neutral with a target price of 195p. Borders & Southern: Sanlam Securites shifts target price from 86.60p to 87.40p and leaves its buy recommendation unchanged. Britvic: Nomura raises target price from 480p to 540p keeping a buy reco
Read moreMonday broker round-up UPDATE
11th Feb 2013 07:41
Aquarius Platinum: Deutsche Bank shifts target price from 82p to 83p keeping a buy recommendation. AstraZaneca: JP Morgan cuts target price from 2970p to 2750p and retains an underweight rating. Avation: WH Ireland ups target price from 120p to 140p, while its buy recommendation is kept. Bellway:
Read moreShanks says challenging markets continue
5th Feb 2013 07:45
Waste management group Shanks said it has continued to trade robustly in end markets which remain very challenging. The group, which sorts and reprocesses waste generated in industry, particularly construction, said notwithstanding the ongoing tough market conditions, it expects results for the yea
Read moreTuesday broker round-up UPDATE
5th Feb 2013 07:14
Alternative Networks: Westhouse Securities downgrades from add to neutral with a target price of 280p. Anite: Northland Capital shifts target price from 153p to 167p leaving its buy recommendation unchanged. Barratt Developments: Liberum Capital raises target price from 165p to 259p and retains a
Read moreTuesday tips round-up: Greene King, CWC, Shanks
15th Jan 2013 07:03
At 2.8 per cent Greene King on Monday reported what for many retailers would be an enviable rate of like-for-like sales growth over the past six weeks. Within the tenanted pubs, the performance was more pedestrian. But average earnings per pub were up by 4.2 per cent over the 36 weeks since the Apri
Read moreWaste management firm Shanks signs 25-year contract with Wakefield Council
14th Jan 2013 07:47
Waste management business Shanks has signed a 25-year Private Finance Initiative contract with Wakefield Council worth an estimated 750m pounds. Under the contract, Shanks will build a residual waste treatment facility at South Kirkby, to treat and recycle waste from the Wakefield District, transfo
Read moreLondon pre-open: Positive start to the year set to continue
14th Jan 2013 07:33
City sources predict the FTSE 100 will open up 14 points from Friday's close of 6,122, extending its strong start to the year. This follows a broadly flat finish in the US on Friday evening, ahead of what is a big week for the banks as the fourth-quarter earnings season kicks into gear. In UK co
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