Broker tips: Smiths Group, Kazakhmys, Babcock
15th May 2012 11:18
Investec has cut its target price for technology firm Smiths Group following the firm's third-quarter trading update this morning, saying that while there was no major surprises, there also wasn't any reason to get excited. With little change in the operating performance from the interim results, I
Read moreBroker snap: Little to excite at Smiths Group, says Investec
15th May 2012 09:55
Investec has cut its target price for technology firm Smiths Group following the firm's third-quarter trading update this morning, saying that while there was no major surprises, there also wasn't any reason to get excited. "IMS reads cautiously, but the company guides that it is on track to meet f
Read moreTuesday broker round-up
15th May 2012 09:10
Babcock: Investec reiterates buy, puts target under review; Jefferies raises target from 780p to 910p, buy rating kept. BT Group: Espirito Santo upgrades from sell to neutral, lifts target from 180p to 210p. Chariot Oil & Gas: UBS slashes target from 340p to 215p, buy rating unchanged. Drax: Inv
Read moreLondon open: Stocks rebound on German GDP data
15th May 2012 08:27
- German GDP surprises to the upside - Eurogroup rules out Greek exit - G4S on track to meet full-year guidance Blue-chip stocks opened broadly higher on Tuesday morning following a steep sell-off yesterday which saw the Footsie set a new low for 2012. Helping sentiment this morning was an upwards
Read moreLondon pre-open: FTSE to open at yesterday's lows
15th May 2012 07:29
City sources predict the FTSE 100 will open fairly flat, up just four points from yesterday's close of 5,466 when the index hit its lowest level in the year-to-date amid widespread fears Greece will exit the euro. Quality control group Intertek has purchased Vigalab, a minerals testing laboratory
Read moreSmiths Group remains on track
15th May 2012 07:16
With three-quarters of the fiscal year in the rear view mirror, expectations for the full year at medical devices maker Smiths Group remain in line with the guidance given at the half-year stage. In the nine months to April 28th, Smiths Group delivered growth in sales, driven principally by increa
Read moreLondon close: Footsie back above 5,900 after Bernanke comments
26th Mar 2012 16:44
- German confidence continues to improve - Merkel in favour of boosting firewall - Bernanke hints at continued support for economy London's blue chip index finished close to its intraday highs on Monday helped by positive news flow from Europe and remarks from the Federal Reserve. Stocks were rebou
Read moreSmiths Group wins biggest-ever airport contract
26th Mar 2012 15:35
Technology firm Smiths Group has won a major contract to equip the New Doha International Airport (NDIA) in Qatar, the biggest single-airport contract that it has ever been awarded. The contract, worth more than €100m to Smiths Group's subsidiary Smiths Detection, will see the company provide a ran
Read moreLondon close: Miners drag Footsie into the red
14th Mar 2012 16:40
- Miners outweigh financials to drag Footsie lower - Fed expects 'moderate' growth in 2012 - Osborne considering 100-year gilts UK stocks finished the day slightly lower on Wednesday despite an earlier rise as steep falls in the mining sector offset a strong performance by the banks and insurers. T
Read moreLondon midday: Financials jump despite jobs data
14th Mar 2012 11:43
- UK unemployment on the rise - Banking stocks lifted by US stress test results - Legal and General beats forecasts in 2011 Stocks held on to earlier gains by lunchtime on Wednesday despite some gloomy jobs data. Financials were leading the rise, buoyed by the results of the stress tests in the US
Read moreLondon open: Legal and General leads the Footsie higher
14th Mar 2012 08:28
- Legal and General jumps five per cent after solid 2011 - Majority of US banks pass stress tests - Osborne considering 100-year gilts London's blue chips rose strongly on Wednesday morning, led by financial stocks, following on from a surge on Wall Street last night. The Footsie opened up at level
Read moreSmiths Group faces government spending headwinds
14th Mar 2012 07:21
Medical devices and airport scanners maker Smiths Group says sales have been strong at its engineering unit John Clare, but revenues have been hit in the divisions exposed to government budget cuts. For the half year to the end of January headline revenues increased by 3%, or £43m, to £1,415m, almo
Read moreSmiths edges forward in tough trading environment
14th Mar 2012 06:39
Medical devices and airport scanners maker Smiths Group hailed a resilient performance in a difficult trading environment in the half-year to the end of January. Revenue rose 3%, or 1% on an underlying basis, to £1,415m from £1,372m the year before. Headline profit before tax improved 2% to £217m f
Read moreTuesday broker round-up - UPDATE
13th Mar 2012 09:59
AstraZeneca: Panmure Gordon keeps buy rating and 3,600p target. Bellway: Credit Suisse maintains outperform rating. BG Group: Nomura raises target from 1,865p to 1,950p, buy rating kept. Computacenter: Panmure Gordon ups target from 490p to 501p, buy rating unchanged. Hays: Credit Suisse ups tar
Read moreFriday broker round-up
9th Mar 2012 10:00
ITV: Goldman Sachs raises price target to 137p from 102p, keeps at buy. Admiral: UBS hikes target from 890p to 1,085p, neutral rating unchanged. Bank of America-Merrill Lynch downgrades to underperform from neutral. AGA Rangemaster: Merchant Securities reiterates buy rating and 102p target. Ca
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