Broker tips: TUI Travel, AMEC, Tesco, DS Smith
5th Dec 2013 12:07
Numis Securities has recommended investors to 'add' to positions in TUI Travel ahead of the tour operator's full-year results next week, hailing the company's outlook next year. "In the UK, given improving consumer confidence, rising house prices, economic growth and increasing employment, we belie
Read moreLondon midday: Markets flat as BoE holds rates, AZ Electronic rockets
5th Dec 2013 12:01
- FTSE 100 at lowest level since October 14th - BoE, ECB announce policy decisions - US data in focus later on, Wall Street futures flat - AZ Electronic Materials rockets after Merck offer techMARK 2,644.54 +0.02% FTSE 100 6,504.39 -0.09% FTSE 250 15,200.92 +0.48% UK markets were rangebound on Thu
Read moreBroker snap: Investec sees upside risk to forecasts at DS Smith
5th Dec 2013 10:36
Investec has upped its target price for DS Smith from 340p to 350p after a better-than-expected first half from the packaging group, saying there is now upside risk to full-year forecasts. The broker retained its 'buy' recommendation for the shares. Revenues came in at £2,081m during the first six
Read moreThursday broker round-up UPDATE
5th Dec 2013 08:15
AMEC: Canaccord Genuity raises target price from 1125p to 1300p upgrading from hold to buy. AZ Electronic Materials: Canaccord Genuity increases target price from 354p to 404p, while downgrading from buy to hold. BAE Systems: Deutsche Bank takes target price from 415p to 425p keeping a hold recomm
Read moreGermany drives growth for DS Smith in first half
5th Dec 2013 07:18
- H1 revenues up 25 per cent - EPS up 30 per cent - Smiths sees 'substantial' opportunities for growth Packaging company DS Smith continued to gain market share and improved profit margins in the first half of the year. Pre-tax profits jumped 52% to £85m on sales up 25% to £2.08bn in the six month
Read moreWednesday broker round-up UPDATE
27th Nov 2013 09:14
Aviva: Nomura moves target price from 474p to 489p retaining a buy recommendation. Bellway: Numis upgrades to buy with a target price of 1690p. Breedon Aggregates: Jefferies starts with a target price of 42p and a buy recommendation. Britvic: UBS ups target price from 575p to 600p and keeps a neu
Read moreLondon pre-open: FTSE to buck downward trend seen overnight
1st Nov 2013 07:30
City sources predict the FTSE 100 will open around 18 points higher than yesterday's close of 6,731.43, ignoring losses seen in the US overnight and a mixed performance on Asian markets. Although it was announced overnight that October Chinese factory activity climbed from 51.1 to 51.4 month-on-mo
Read moreDS Smith delivers in line half-year performance
1st Nov 2013 07:15
- On track half-year - Further market share gained in Packaging - Positive outlook DS Smith, which supplies recycled packaging for consumer goods, said trading for the half year to October 31st had been in line with expectations, with good performances seen across all its businesses. The group al
Read moreFTSE 250 movers: African Barrick Gold rises on appointment of CFO
19th Sep 2013 14:57
African Barrick Gold led the risers on the news it has appointed a new Chief Financial Officer, Andrew Wray, who originally joined the company as Head of Corporate Development and Investor Relations in 2010. He will retain his existing responsibilities in addition to those of his new role. Jaco Mari
Read moreWednesday broker round-up UPDATE
18th Sep 2013 08:28
African Minerals: Canaccord Genuity reduces target price from 410p to 330p, while its buy recommendation remains unaltered. Amlin: Goldman Sachs moves target price from 405p to 420p and reiterates a neutral rating. Andor Technology: Investec takes target price from 360p to 410p leaving its buy rec
Read moreWednesday broker round-up UPDATE
4th Sep 2013 08:50
Abbey Protection: Numis lowers target price from 120p to 110p keeping a hold recommendation. Antofagasta: Investec takes target price from 707p to 725p, but still recommends selling. Ashtead Group: Numis ups target price from 640p to 670p and retains a hold recommendation. Panmure Gordon increases
Read moreWednesday tips round-up: Vodafone, Johnson Service Group, DS Smith,
4th Sep 2013 07:22
Price discovery is what the Vodafone deal is all about. In sterling terms, Vodafone is getting about 85bn pounds for the stake, whereas its market capitalisation at the end of last week was a smidgeon short of 100bn pounds. Even if you add on 25bn pounds of debt it is clear that the Voda rump was va
Read moreLondon pre-open: Subdued start expected after Monday's surge
3rd Sep 2013 07:31
Markets are expected to open slightly higher on Tuesday morning, extending gains after a strong performance the day before. City sources predict the FTSE 100 will open up 12 points from yesterday's close of 6,506.19. Stocks surged the day before as traders took advantage of low volumes - with W
Read moreDS Smith gets year off to a good start
3rd Sep 2013 07:02
DS Smith, a company which supplies recycled packaging for consumer goods, has reported a positive start to the year, driven by a good performance across the group. Since the start of May, the group continued its strong delivery of synergies from the acquisition of SCA Packaging, and said the retur
Read moreTuesday broker round-up UPDATE
20th Aug 2013 08:26
AMEC: Liberum Capital cuts target price from 1135p to 1120p and reiterates a hold recommendation. BAE Systems: Investec increases target price from 370p to 450p upgrading from hold to add. Bovis Homes Group: Deutsche Bank shifts target price from 900p to 901p and keeps a buy recommendation. Citi r
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