Broker snap: Goldman downgrades DS Smith after strong run
5th Jun 2013 11:01
Goldman Sachs has cut its recommendation for packaging company DS Smith from 'buy' to 'neutral' following stock's recent share price run. The broker has made no changes to its estimates and remains positive on the company's "opportunity to improve the returns profile". This follows its targeted syn
Read moreWednesday broker round-up UPDATE
5th Jun 2013 09:34
Aberdeen Asset Mangement: UBS cuts target price from 520p to 505p, while maintaining its buy recommendation. Alternative Networks: Investec revises target price from 350p to 390p keeping a buy recommendation. API Group: Numis upgrades to add with a target price of 75p. Ashmore Group: UBS lowers t
Read moreLondon open: Stocks hit one-month low ahead of data, Tesco falls
5th Jun 2013 08:30
A flurry of economic data and renewed concerns about the Federal Reserve's 'exit strategy' from stimulus ensured that markets opened firmly in the red on Wednesday morning. The FTSE 100 hit intraday low of 6,507 early on before rebounding slightly within the opening hour - this was the index's lowe
Read moreITV CEO sells 2.3m shares post exercise
30th Apr 2013 16:22
ITV's Chief Executive, Adam Crozier, has exercised options over 3.6m shares and subsequently sold 2.3m of them, it was announced Tuesday. Crozier, whose total holding now stands at just under 1.56m shares, disposed of the shares at 127.1p each, pocketing a total of £3.0m. One week ago ITV acquir
Read moreThursday broker round-up UPDATE
25th Apr 2013 09:07
Barclays: Morgan Stanley lowers target price from 438p to 424p and reiterates an overweight rating. Bellzone Mining: Investec reduces target price from 21p to 5.28p and downgrades to hold. BG Group: Bank of America cuts target price from 1300p to 1250p retaining a neutral rating. Brown (N) Group:
Read moreThursday tips round-up: Kier Group, DS Smith, Standard Life
25th Apr 2013 07:26
The terms of construction services group Kier´s buy-out offer for May Gurney appears to constitute a significant improvement on the Costain bid. It is 25 per cent larger and has a cash element worth 50p a share too. Further, a transaction would reduce the former´s dependency on construction while st
Read moreDS Smith seeing upward trend in markets
24th Apr 2013 08:58
Recycled packaging group DS Smith has confirmed that its full-year earnings will be towards the higher range of expectations after a 'transformational' year. In a statement as it enters the close period at the end of its financial year to April 30th, the FTSE 250 company said it expected revenues
Read moreWednesday broker round-up UPDATE
24th Apr 2013 08:25
Archipelago Resources: Canaccord Genuity lowers target price from 75p to 68p keeping a buy recommendation. ARM Holdings: Morgan Stanley ups target price from 911p to 925p maintaining an equal-weight rating. Deutsche Bank takes target price from 445p to 460p, but still recommends selling. Citigroup
Read moreThursday broker round-up UPDATE
4th Apr 2013 07:32
Aviva: Bank of America cuts target price from 350p to 335p, while its neutral rating remains unchanged. Barratt Developments: Credit Suisse revises target price from 223p to 317p, while staying with its neutral rating. Bellway: Credit Suisse moves target price from 1202p to 1639p and leaves its ou
Read moreFTSE 250 movers: DS Smith decline on concerns over Paper business
8th Mar 2013 15:38
DS Smith, the packaging company, was retreating one day after warning on concerns over its Paper business, which it said continued to suffer a 'poor' performance during the three months ended January 31st. Shares in mining group Bumi rose strongly on Friday. The group this morning unveiled details
Read moreFriday broker round-up UPDATE
8th Mar 2013 07:42
Advanced Computer Software Group: Canaccord Genuity raises target price from 80p to 108p and reiterates a buy recommendation. Aggreko: Jefferies raises target price from 2000p to 2200p keeping its buy recommendation. Cantor Fitzgerald takes target price from 2020p to 2200p and stays with its buy re
Read moreDS Smith delivers solid performance in Packaging but cautions on Paper - UPDATE
7th Mar 2013 07:03
DS Smith, the recycled packaging company, said trading in the three months ended January 31st was in line with expectations, driven by a solid performance in its Packaging businesses. However, the company says it continues to remain cautious about its Paper division following a continued 'poor' pe
Read moreMonday broker round-up UPDATE
25th Feb 2013 07:26
Afren: Canaccord Genuity increases target price from 160p to 200p and reiterates a buy recommendation. Antofagasta: Bank of America upgrades to buy with a target price of 1400p. Ashmore Group: Espirito Santo shifts target price from 364p to 368p and maintains a neutral rating. ASOS: Deutsche Bank
Read moreSenior directors at ARM trade in shares following success of Q4
7th Feb 2013 15:57
The senior management board at ARM Holdings, the FTSE 100 chip designer, unveiled multiple share disposals on Thursday, with the transactions coming just one day after the group posted a 16 per cent rise in pre-tax profit for the fourth quarter. Warren East, the Chief Executive Officer of ARM sinc
Read moreDS Smith's Group Finance Director steps down
8th Jan 2013 11:39
The Group Finance Director of DS Smith, the recycled packaging company, is stepping down after accepting a role at a private equity backed business. Steve Dryden has handed in his 12-month notice which will expire in January 2014. Until then he will continue his duties with the FTSE 250 company i
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