Broker tips: RBS, IHG, Glencore Xstrata, Smiths Group
21st Feb 2014 12:42
Numis Securities has reiterated its 'add' rating and 374p target price for banking group RBS ahead of its 2013 results next week. The results, which are due out February 27th, are expected to see the bank report a statutory loss of £7.2bn, which includes the £4.5bn upfront provision for the new 'In
Read moreSmiths Group has lower growth than peers, says UBS
21st Feb 2014 12:37
UBS has downgraded its rating for technology and engineering firm Smiths Group from 'neutral' to 'sell' and trimmed its target price from 1,450p to 1,340p, saying that it has lower growth potential than others in the sector. "Smiths comes out in the bottom quartile on our sector quality analysis lo
Read moreFriday broker round-up UPDATE
21st Feb 2014 10:11
Barratt Developments: JP Morgan raises target price from 360p to 420p, while downgrading to neutral. Bellway: JP Morgan takes target price from 1450p to 2000p and retains an overweight rating. Bodycote: UBS initiates with a target price of 800p and a buy recommendation. Bovis Homes Group: JP Morg
Read moreSmiths Group completes refinancing with new five-year credit facility
20th Feb 2014 09:33
Smiths Group has completed the refinancing of its existing 800m dollar bank facility, which had been due to mature in December 2015. The new, undrawn, committed revolving credit facility matures in February 2019 and has two one-year extension options. Finance Director Peter Turner said: "This cor
Read moreSmiths Group likely to hit year's highs, says Galvan
19th Feb 2014 12:46
Galvan Research and Trading has rated technology firm Smiths Group as a 'buy', saying that the share price is likely to regain and surpass its 52-week high before the company's first-half results on March 19th. Ed Woolfitt, Head of Trading, said that Smiths Group's share price has given technical t
Read moreLondon close: Stocks gain after quiet session, Barclays rises
10th Feb 2014 16:31
- Stocks at highest level since January 24th - Markets awaiting Yellen, Draghi and Carney - Precious metal producers jump, Barclays gains ahead of FY results tomorrow - Energy companies come under criticism from MPs techMARK 2,806.76 +0.59% FTSE 100 6,591.55 +0.30% FTSE 250 15,910.72 +0.29% The UK
Read moreFriday broker round-up UPDATE
7th Feb 2014 09:30
Acal: N+1 Singer initiates with a target price of 380p and a buy recommendation. AstraZeneca: Societe Generale ups target price from 3030p to 3126p, but still recommends selling. Barratt Developments: Deutsche Bank raises target price from 394p to 480p keeping a buy recommendation. Beazley: Canac
Read moreMonday broker round-up UPDATE
27th Jan 2014 09:30
Aberdeen Asset Management: Espirito Santo cuts target price from 573p to 514p and keeps a buy recommendation. Morgan Stanley reduces target price from 492p to 393p and stays with its equal-weight rating. Amino Technologies: N+1 Singer shifts target price from 89p to 93p and reiterates a hold recomm
Read moreMonday broker round-up UPDATE
13th Jan 2014 09:04
Admiral Group: Citi ups target price from 1220p to 1256p and reiterates a neutral rating. Afren: Nomura increases target price from 170p to 210p and stays with its neutral rating. Alternative Networks: Westhouse Securities increases target price from 445p to 540p reiterating its add rating. Amlin
Read moreSector movers: RPC leads industrials higher after Maynard & Harris purchase
16th Dec 2013 15:44
The general industrial sector was up two per cent on Monday as plastic packaging group RPC pleased investors with the acquisition of smaller peer Maynard & Harris (M&H). M&H is a personal care, healthcare and food packaging business and a "good strategic fit", according to RPC. Analysts at Panmure
Read moreLondon close: Stocks fall on fears of valuations, global economy
19th Nov 2013 16:47
- Icahn spooks investors, warns of 'big drop' - OECD cuts global growth forecasts - Plosser calls for fixed amount of asset purchases - easyJet impresses with profit jump techMARK 2,644.23 -0.34% FTSE 100 6,698.01 -0.38% FTSE 250 15,265.60 -0.16% UK markets finished firmly in the red on Tuesday as
Read moreSector movers: Industrials lower as Smiths Group underwhelms
19th Nov 2013 15:10
An underwhelming first-quarter update from Smiths Group meant that the general industrials sector was one of the worst performing categories on Tuesday. The company, which works in the threat & contraband detection, medical devices, energy, communications and engineered components markets, said tha
Read moreLondon midday: Stocks fall as OECD cuts global growth forecasts
19th Nov 2013 11:33
- OECD cuts global growth forecasts - German ZEW survey beats expectations - Eyes on FOMC minutes, Plosser comments - Icahn weighs on US stocks, anticipates 'big drop' techMARK 2,645.51 -0.29% FTSE 100 6,688.23 -0.52% FTSE 250 15,245.11 -0.30% UK markets were trading in the red on Tuesday morning
Read moreLondon pre-open: FTSE expected to fall below 6,700 mark
19th Nov 2013 07:30
City sources predict the FTSE 100 will open around 26 points lower than yesterday's close of 6,723.46, weighed down by activist investor Carl Icahn who was reported as saying that a "big drop" could be around the corner, sparking concerns over the recent run on equity markets which on Monday saw US
Read moreSmiths Group trading in line for the first quarter
19th Nov 2013 07:14
- Overall trading since July in line with expectations - Improvements in Detection, John Crane and Flex-Tek - Weakness in Medical and Interconnect FTSE 100-listed global technology business Smiths Group said overall trading in the three months to the start of November has been in line with expectat
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