DS Smith exec raises one million quid to pay taxes
20th Dec 2012 16:25
Stephen Dryden, the Finance Director of recycled packaging supplier DS Smith, exercised options in the company on Wednesday and subsequently sold half of them for nearly one million pounds. The executive, appointed to the board in April 2008, exercised nil-cost options for 878,903 shares, then sold
Read moreFriday broker round-up UPDATE
14th Dec 2012 08:09
Anglo American: UBS reduces target price from 2150p to 1860p and downgrades to neutral. JP Morgan reiterates underweight. BG Group: Barclays reduces target price from 1490p to 1450p, while reiterating an overweight rating. BP: Barclays cuts target price from 500p to 480p and keeps an underweight r
Read moreMonday broker round-up UPDATE
10th Dec 2012 07:10
Andor Technology: Investec moves target price from 450p to 460p, while reiterating its buy recommendation. Antofagasta: Alphavalue downgrades to reduce, while keeping the target price at 1371p. Ashtead Group: Investec target price from 250p to 475p and reiterates its buy recommendation. Atkins: J
Read moreFriday broker round-up UPDATE
7th Dec 2012 07:04
Bellway: Northland Capital raises target price from 1050p to 1150p and keeps a buy rating. Panmure Gordon raises target price from 957p to 1013p, while maintaining a hold recommendation. Berkeley Group: Panmure Gordon raises target price from 1390p to 1650p keeping a hold rating. Booker Group: Gol
Read moreLondon midday: Gains erased as investors await ECB decision
6th Dec 2012 12:08
The Footsie had erased most of the morning's gains by Thursday lunchtime, as investors awaited a policy rate decision in Europe and some jobless claims figures in the US later this afternoon. As expected, the Bank of England's Monetary Policy Committee voted to maintain the Bank Rate at 0.5% at tod
Read moreLondon open: Stocks edge higher ahead of rate decisions
6th Dec 2012 08:26
Stocks started Thursday's session with moderate gains on the back of hopes that US politicians are nearing an agreement on the 'fiscal cliff', as markets looked ahead to policy announcements in both the UK and Europe. "European headline shares opened vigilantly today as a raft of economic data due
Read moreDS Smith grows profits while increasing debts
6th Dec 2012 07:23
Packaging firm DS Smith has expressed confidence for the full year, with interims profits boosted by its acquisition of SCA Packaging on June 30th, although net debt levels have risen. For the six months ended October 31st revenues were up 61.6% at £1.6bn (H1 2012: £1bn) with pre-tax profits of £58
Read moreWednesday broker round-up
7th Nov 2012 08:59
3Leg Resources: Jefferies keeps buy rating and 100p target AB Foods: Barclays Capital ups target from 1,375p to 1,475p, overweigh rating kept; Nomura ups target from 1,380p to 1,500p, buy rating kept. Aberdeen: UBS ups target from 340p to 370p, buy rating kept. Babcock: Jefferies ups target from
Read moreLondon pre-open: FTSE to rise following clean Obama re-election
7th Nov 2012 07:27
City sources predict the FTSE 100 will open up 22 points from yesterday's close of 5,885, boosted by the news of a clear win by Barack Obama in the US presidential elections last night. Strong gains were seen on the Dow Jones Industrial Average in the US last night, which closed 134 points higher
Read moreWednesday tips round-up: Babcock International, Costain and DS Smith
7th Nov 2012 06:49
Tempus in The Times writes that there are signs now, from Babcock International's halfway figures and the outlook for the next year or so, that orders are coming through as local authorities and central government seek ways to cut spending by having work done more cheaply by the private sector. Babc
Read moreLondon close: Markets in bullish mood ahead of US election results
6th Nov 2012 16:44
- Markets gear up for climax of presidential race - Economic data disappoints - Corporate earnings impress, Resolution leads risers after upgrade The UK stock market shrugged off some disappointing economic data to finish Tuesday's session with decent gains as a barrage of updates and results from
Read moreFTSE 250 movers: Hikma rises on Panmure upgrade
6th Nov 2012 15:30
Hikma Pharmaceuticals got a boost after Panmure Gordon upgraded the stock from hold to buy and lifted its price target from 720p to 825p. Jefferies kept its buy rating on the stock and retained a 890p target. Recycled packing firm DS Smith said it continue to expect substantial year-on-year EPS gr
Read moreBroker tips: M&S, Babcock, DS Smith
6th Nov 2012 11:19
Seymour Pierce has raised its target price for High Street retail giant Marks & Spencer from 325p to 265p after a better-than-expected set of interim figures. However, with the stock having outperformed the FTSE All Share index by almost 20% this year, the broker keeps its 'hold' rating on the shar
Read moreBroker snap: Time to pause at DS Smith, says Investec
6th Nov 2012 11:18
Investec has downgraded its rating for industrial group DS Smith from 'buy' to 'hold', saying that while its recent strong share price performance was warranted, it's time to 'pause for now'. "DS Smith's pre-close trading update is very much as expected and we make no changes to forecasts. The comp
Read moreTuesday broker round-up
6th Nov 2012 09:03
AB Foods: Jefferies keeps hold rating and 1,365p target; Panmure Gordon ups target from 1,300p to 1,450p, hold rating kept; Investec keeps hold rating and 1,300p target. Aviva: Panmure Gordon maintains buy rating and 425p target. Babcock: Jefferies keeps buy rating and 970p target; Seymour Pierce
Read more