Wednesday broker round-up
8th Aug 2012 09:57
AstraZeneca: Jefferies raises target from 2,975p to 3,100p, hold rating kept. Avon Rubber: Investec reiterates hold rating and 315p target. BTG: Jefferies maintains hold rating and 410p target. Cobham: Jefferies reiterates buy recommendation and 230p target; Investec keeps sell rating and 200p ta
Read moreFTSE 100 movers: G4S leads fallers
16th Jul 2012 15:16
Security solutions firm G4S tumbled from the off today after saying that it will incur a loss on its Olympics Games contract of 35-50m pounds after failing to provide the number of staff for the event that it had committed to. Chief Executive Officer Nick Buckles said that the company is "deeply dis
Read moreLondon open: China concerns dampen Footsie; G4S tanks
16th Jul 2012 08:35
- China's Wen dampens sentiment - Miners drop on Chinese worries, Nomura comments - G4S tumbles on Olympics contract loss estimates London's benchmark index opened slightly lower on Monday morning as comments from China's Premier weighed heavily on stocks in the mining sector. G4S also took a tumbl
Read moreMonday broker round-up
16th Jul 2012 08:23
Antofagasta: Nomura cuts target from 1,500p to 1,450p, buy rating kept. Betfair: Jefferies maintains buy rating and 900p target. BHP Billiton: Nomura cuts target from 2,400p to 2,100p, buy rating kept. Bumi: Nomura cuts target from 860p to 750p, neutral rating kept. ENRC: Nomura cuts target from
Read moreLondon pre-open: Wen Jiabao's comments to limit gains
16th Jul 2012 07:30
City sources predict the FTSE 100 will open up four points from Friday's close of 5,666, largely ignoring huge advances seen in US trading on Friday after Chinese stocks took a big hit today. Premier Wen Jiabao sent investor sentiment in the region plunging after saying economic recovery in China is
Read moreSmiths Group offloads Cross Match investment
16th Jul 2012 07:09
Smiths Group, the FTSE 100 technology company, is selling its share of US biometric firm Cross Match Technologies. The disposal of the minority interest in Florida-based Cross Match will raise a total of $77m although of that $8m is being put into an escrow account to cover working capital adjustme
Read moreFriday broker round-up
13th Jul 2012 09:11
Aegis: Exane BNP Paribas downgrades to neutral, target upped from 220p to 240p; UBS downgrades to neutral, target upped from 195p to 240p; HSBC downgrades to underweight, target upped from 180p to 240p. Anglo American: Liberum Capital downgrades to hold. Ashmore: Singer Capital Markets downgrades
Read moreHobson to step down as Chairman of Sage
15th Jun 2012 07:22
Tony Hobson is to step down as Chairman of accountancy software behemoth Sage at the beginning of September, to be succeeded by Donald Brydon, currently Chairman of technology firm Smiths Group. Brydon, who is also Chairman of the Royal Mail Group, will join the board of Sage as a non-executive dir
Read moreMonday broker round-up
11th Jun 2012 09:37
Antofagasta: RBS Capital Markets downgrades to underperform. Ashtead: Jefferies keeps buy recommendation and 300p target. Barclays: Bank of America Merrill Lynch keeps buy rating and 370p target; Oriel Securities reiterates buy recommendation and 285p target. BP: Nomura retains neutral stance and
Read moreWednesday broker round-up
30th May 2012 09:31
Aberdeen: UBS cuts target from 340p to 300p, buy rating unchanged. Ashmore: UBS cuts target from 420p to 380p, buy rating unchanged. AVEVA: Merchant Securities raises target from 1,800p to 1,850p, buy rating unchanged. Centrica: Nomura cuts target from 355p to 320p, neutral rating kept. Drax: No
Read moreTuesday broker round-up - UPDATE
22nd May 2012 09:26
Chamberlin: Charles Stanley maintains buy rating and 175p target. easyJet: Investec upgrades from hold to buy, target hiked from 500p to 670p. HomeServe: Charles Stanley cuts target from 290p to 250p, rating under review; Jefferies maintains underperform rating and 195p target. Inmarsat: UBS cut
Read moreWednesday tips round-up: Smiths Group, Anglo Pacific
16th May 2012 07:05
The rather odd assortment of engineering firms that make up Smiths Group somehow works as a business concludes Tempus in the Times. The big idea was that some of the divisions may have been sold, with flexible tubes outfit Flex-Tek the main candidate, but the US housing market has put paid to that a
Read moreLondon close: Stocks slip as Greece heads for new elections
15th May 2012 16:30
- Greece fails to form coalition - Eurozone GDP unchanged in first quarter - IAG falls after downgrade, miners track metals prices lower London's blue chip index fell sharply for a second straight day on Tuesday as it was revealed that Greek leaders failed to form a coalition, meaning that the coun
Read moreFTSE 100 movers: IAG is biggest faller after downgrade
15th May 2012 15:53
Airline company IAG was pressured into the bottom spot after JP Morgan Cazenove downgraded its recommendation from overweight to neutral. Miners were also pushed lower as metal prices took a hit, with Vedanta, Kazakhmys and Rio Tinto all in the bottom 10. Meanwhile, international security soluti
Read moreLondon midday: Footsie edges higher as Eurozone avoids recession
15th May 2012 11:55
- Eurozone GDP flat in first quarter - German GDP surprises to the upside - UK trade deficit narrows slightly The FTSE 100 was registering only slight gains by Tuesday lunchtime as Greek concerns continue to dampen sentiment. The benchmark lost almost two per cent of its value yesterday on speculat
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