Tuesday broker round-up UPDATE
29th Jan 2013 07:26
Anglo American: JP Morgan takes price target from 1630p to 1680p, while its underweight rating remains unchanged. ARM Holdings: Jefferies raises target price from 693p to 805p keeping a hold recommendation. Astra Zaneca: Barclays ups target price from 3100p to 3200p and retains an equal-weight rat
Read moreLondon close: Markets flat after choppy session
22nd Jan 2013 16:32
Stock markets finished more or less flat on Tuesday afternoon after a volatile session, in which investors digested policy announcements in Japan and mixed newsflow in Germany. "A rather choppy morning session in Europe gave way to a rather more sedate afternoon session as US traders returned to th
Read moreLondon midday: Markets volatile ahead of US earnings
22nd Jan 2013 12:01
Markets were volatile in morning trade on Tuesday as traders reacted to mixed newsflow from Germany, though stocks remained in negative territory following an underwhelming policy announcement from Japan. According to market analyst Craig Erlam from Alpari, trading volumes are expected to pick up t
Read moreBroker tips: SABMiller, Insurers, UK equites
22nd Jan 2013 10:51
Jefferies has retained its 'buy' rating and 3,200p target price for beverages giant SABMiller following the company's better-than-expected third-quarter trading update. While the stock has a premium rating - trading at 18 times calendar 2013 earnings versus the 15.4 multiple of peers - the broker s
Read moreBroker snap: Credit Suisse trims position in UK equities
22nd Jan 2013 10:02
While Credit Suisse has retained an 'overweight' position in UK equities, the broker has trimmed its position to pay for its recent upgrade to Japan and picked out 'what to buy' in its London-listed coverage. The broker said on Tuesday that the UK has "slipped on our composite regional scorecard".
Read moreThursday broker round-up UPDATE
10th Jan 2013 07:10
Afren: Morgan Stanley takes target price from 215p to 220p and reiterates an overweight rating. Alent: Bank of America starts with a target price of 370p and a buy recommendation. Associated British Foods: Goldman Sachs moves its target price from 1160p to 1190p and maintains a sell rating. AVEVA
Read moreLondon midday: Gains erased as resource stocks shrug off Chinese data
14th Dec 2012 11:54
After a positive start, London's benchmark FTSE 100 index slipped into the red by midday, as investors shrugged off some better-than-expected data from Asian powerhouse China. The HSBC China flash manufacturing purchasing managers' index (PMI) rose from 50.5 to 50.9 in December, slightly above the
Read moreLondon open: Stocks lifted by Chinese manufacturing figures
14th Dec 2012 08:15
UK stocks edged higher in early trading on Friday, with upbeat data from China temporarily offsetting investor concerns over the 'fiscal cliff'. The HSBC flash manufacturing purchasing managers' index (PMI) rose from 50.5 to 50.9 in December, slightly above the 50.8 forecast. This was its highest l
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 moreSmiths Group Chairman calls it quits
20th Nov 2012 16:25
Donald Brydon, the Chairman of advanced technology giant Smiths Group has announced his intention to retire from the board next year. The revelation came at the company's annual general meeting on Tuesday, in which the firm reported that its underlying revenue has grown across all divisions in the
Read moreSmiths delivers underlying growth in revenue but warns of divisional challenges
20th Nov 2012 14:42
FTSE 100 technology company Smiths Group has reported that its underlying revenue has grown across all divisions in the three months ended November 3rd, with full year expectations remaining in line with previous guidance. The group said underlying headline operating profit was also ahead of the s
Read moreWednesday broker round-up - UDPATE
31st Oct 2012 09:09
AMEC: Seymour Pierce keeps buy rating and 1,250p target; Investec keeps buy rating and 1,300p target. Babcock: Panmure Gordon keeps hold rating and 940p target. Barclays: Nomura keeps reduce rating and 210p target. BP: Jefferies keeps hold rating and 450p target. Chariot Oil & Gas: Seymour Pierc
Read moreSteppe Cement CEO builds on his stake
16th Oct 2012 17:05
Javier Del Ser, the Chief Executive Officer (CEO) of AIM-listed construction materials producer Steppe Cement, topped up his stake in the firm on Tuesday with the purchase of 650,000 ordinary shares at a price of 25p per share. Following the £162,500 transaction, Del Ser holds 12,867,660 ordinary s
Read moreSmiths Group completes US bond offering
15th Oct 2012 14:45
Technology group Smiths Group said its bond offering, announced on October 5th, has now closed. The company raised $400m through the issue of dollar-denominated notes with a 10-year maturity and a fixed coupon of 3.625%. Smiths Group will use the net proceeds from the notes for general corporate p
Read moreLondon close: Miners surge after US jobs figures beat forecasts
5th Oct 2012 16:44
- US data spreads some cheer - Mining stocks gain though Anglo bucks the trend - Tesco continues to fall after interim results The FTSE 100 index finished the day with decent gains on Friday as some better-than-expected employment figures from the US lifted sentiment late on. "A firmer but fairly
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