Tuesday broker round-up UPDATE
27th Nov 2012 07:19
Aberdeen Asset Management: Citigroup raises target price from 320p to 345p and downgrades to neutral. JP Morgan raises target price from 330p to 414p, overweight rating unchanged. Credit Suisse moves target price from 323p to 380p, outperform rating kept. Exane BNP Paribas raises target price from 3
Read moreMonday broker round-up -UPDATE
12th Nov 2012 09:03
Afferro Mining Inc: Investec retains buy recommendation and target price at 107p. Antrim Energy Inc.: Westhouse Securities keeps buy recommendation and target price at 70p. ASOS: Investec ups target from 2,450p to 2,675p, buy rating kept. Aveva: Investec keeps buy rating and 2,200p target. Bovis
Read moreLondon close: Late rally not enough as stocks finish lower
9th Nov 2012 16:42
- Uni of Michigan confidence index rise beats forecasts - Chinese data offset by Greek concerns - Footsie finishes lower, but well off intraday lows After steep falls for most of the session, UK stocks picked up in afternoon trade to finish only slightly lower by the close after a reading of US con
Read moreShanks Chairman buys shares as profits fall
9th Nov 2012 16:30
The Chairman of Shanks Group, the FTSE 250 waste management firm, has bought 60,000 shares in the firm following the company's announcement that half year profits fell by 29 per cent. Chairman Adrian Auer purchased the shares at 82.93p each for a total of £49,758. On Thursday the company revealed
Read moreFTSE 250 movers: Talvivaara dives on leak problems
9th Nov 2012 16:01
Talvivaara Mining Company saw its shares plunge after it failed to deal with a leak at a plant in Finaland. The leakage was discovered at the weekend and resulted in the suspension of operations at the plant. Inter-dealer broker Tullett Prebon tanked after reporting a big drop in revenue in the fo
Read moreShanks profit shrinks
8th Nov 2012 08:22
Waste management firm Shanks said half year profit fell 29 per cent as markets in the UK and Netherlands are hit by recession and record lows on construction output. Underlying profit before tax fell to £14.3m for the six months ended September 30th 2012 versus £20.2m the same time a year earlier.
Read moreThursday tips round-up: ICAP, Shanks, Indian mobile auctions
27th Sep 2012 07:12
The problems of Icap and the other inter-dealer brokers are those of the City as a whole. The markets ? whether equities, interest rate derivatives, foreign exchange or whatever ? are quiescent, claims Martin Waller, writing in the Tempus column in The Times. Icap has been the subject of a series of
Read moreLondon close: Pain in Spain again
26th Sep 2012 16:57
Stock markets all over the world were in retreat on Wednesday, and London was no exception, as investors fretted about Spain's negotiations over bailout terms. Spain will restrict early retirement programmes as one of the new measures that President Rajoy will announce during the 2013 budget presen
Read moreFTSE 250 movers: TR Property soars on share conversion plans
26th Sep 2012 15:29
TR Property Investment Trust, a UK-based investment company, saw its shares leap after it announced plans to propose a conversion of the entire share capital of its Sigma shares into ordinary shares. The Sigma share class was approved in July 2007, but now the company wants to merge the underlying p
Read moreLondon midday: Eurozone strife rattles markets
26th Sep 2012 11:52
Stocks spent the morning session stuck in reverse gear, with civil unrest in Spain and Greece setting investors' nerves on edge. Yesterday saw anti-austerity protests in Madrid while today will see a 24-hour strike in Greece in protest at spending cuts. Mining stocks are getting hammered on concer
Read moreLondon open: Stocks tumble on QE3 efficacy fears
26th Sep 2012 08:38
The old adage about the US sneezing and the UK therefore catching a cold is as apposite as ever with the UK market opening lower after a non-voting member of the US Federal Reserve member cast doubts over the efficacy of the Fed's asset purchase programme. "We are unlikely to see much benefit to g
Read moreLondon pre-open: Significant losses forecast on comments from Philly Fed President
26th Sep 2012 07:33
City sources predict the FTSE 100 will open down 44 points from yesterday's close of 5,863, as concerns over the situation in Spain grow and investors reaction to comments made by Charles Plosser, the head of the Philadelphia Federal Reserve Bank. "We are unlikely to see much benefit to growth or
Read moreShanks plunges after profit warning
26th Sep 2012 07:07
Waste management group Shanks said it now expects results for the year to March 31st 2013 to be slightly below the current range of expectations after market conditions in the UK and Dutch solid waste markets deteriorated significantly in the first half. Shanks said its organics, hazardous waste, a
Read moreLondon close: Stocks sink ahead of Fed minutes
22nd Aug 2012 16:40
- Concerns about Japan and Greece pressure stocks - FOMC minutes eyed - CBO warns about 'fiscal cliff' Following steep falls from the off, losses on the Footsie were cemented today after a poor start on Wall Street as global equity markets reacted poorly to economic data from Japan and ongoing issu
Read moreFTSE 250 movers: Shanks tops risers after recycling success
22nd Aug 2012 14:41
Leading the way higher was waste management firm Shanks after saying that the Silverburn Shopping Centre in Glasgow is no longer sending any of its waste to landfill since appointing Shanks to handle its recycling. Shanks won the recycling contract just six weeks ago, and has been instrumental in ra
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