London open: Markets cautious after Greek bond-swap
9th Mar 2012 08:23
- 85.8 per cent of private creditors accept Greek bond-swap. - Miners on the fall, Fresnillo falls after downgrade. - Weir loses out to FLSmidth. It was a tentative start for the FTSE 100 on Friday as news of Greece receiving a high participation rate in its debt-swap deal underwhelmed investors wi
Read moreMonday broker round-up - UPDATE
27th Feb 2012 09:44
BP: Nomura maintains neutral rating and 500p target. HSBC: Seymour Pierce confirms buy rating and 800p target. Vedanta Resources: Credit Suisse reiterates neutral recommendation and 1,400p target. Marks & Spencer: UBS upgrades from neutral to buy, target lifted from 325p to 410p. Lloyds Banking
Read moreTuesday broker round-up - UPDATE
17th Jan 2012 09:15
IMI: Exane BNP upgrades to outperform from neutral. Smiths Group: Exane BNP upgrades to outperform from neutral. RBS: Shore Capital upgrades to hold from sell. Oriel reiterates buy. RSA Insurance: UBS labels short-term buy. Resolution: UBS upgrades to buy from neutral. Burberry: Nomura main
Read moreMonday broker round-up - UPDATE
16th Jan 2012 08:48
Capita: Bank of America-Merrill Lynch downgrades to neutral from buy. Carnival: Credit Suisse keeps neutral rating and 2,285p target; Morgan Stanley downgrades to neutral from outperform, target cut from 2,700p to 1,800p. Amec: Goldman Sachs upgrades to buy from neutral. Morrisons: Deutsche Bank
Read moreLondon close: Nervy FTSE 100 closes higher
26th Oct 2011 16:47
It was another see-saw day for the FTSE 100 amid continued wrangling over the Eurozone crisis, but the top share index closed higher in line with a broadly higher showing on Wall Street. MARKETS AWAIT CRUCIAL MEETING Today's planned meeting of European Union Finance Ministers (ECOFIN) has been re
Read moreLondon midday: Miners gain on euro risk aversion
26th Oct 2011 12:00
The Footsie traded sideways in morning trade, as investors cautiously await today's key EU summit. Markets will be vigilant to any developments in the Eurozone during today's session, but many are expecting European leaders not to provide the "comprehensive solution" that they had initially promised
Read moreBroker tips: Smiths Group, Premier Foods, Hays
7th Oct 2011 12:42
Nomura has downgraded Smiths Group, the medical devices and airport scanner maker, from neutral to reduce, saying that the firm is "likely to grow slower than other companies in our coverage universe". "Smiths Group is a conglomerate of five businesses and its end market exposure is one of the most
Read moreBroker snap: Nomura downgrades Smiths Group to reduce
7th Oct 2011 12:29
Nomura has downgraded Smiths Group, the medical devices and airport scanner maker, from neutral to reduce, saying that the firm is "likely to grow slower than other companies in our coverage universe". "Smiths Group is a conglomerate of five businesses and its end market exposure is one of the most
Read moreUPDATE: Friday broker round-up
7th Oct 2011 09:28
Premier Foods: Credit Suisse cuts target to 8p from 25p. Compass: Credit Suisse keeps at outperform. EnCore: Royal Bank of Scotland raises target to 70p from 46p. Mouchel: Royal Bank of Scotland lowers target price to 18p form 75p. Hays: UBS keeps at buy, lowers target to 100p from 105p. Smi
Read moreUPDATE: Tuesday broker round-up
4th Oct 2011 08:25
BHP Billiton: Citi reiterates buy and keeps target at 2,405p. BHP Billiton: Credit Suisse upgrades to outperform from neutral; cuts target to 2,800p from 3,160p. Anglo American: Credit Suisse downgrades to neutral from overperform. Lonmin: Credit Suisse downgrades to underweight from neutral. S
Read moreLondon close: Stocks dive in late trading
28th Sep 2011 16:40
Stocks gave up an earlier rally to finish firmly in the red amid continued nervousness ahead of an audit of Greece's finances. There is speculation that some countries in the Eurozone are demanding that private investors take a bigger hit on their holdings of Greek debt. European Commission Presi
Read moreFTSE 100 Movers: Man Group weighing down index
28th Sep 2011 14:10
Hedge fund manager Man Group took a dive after revealing that the group's 'long only' portfolios had taken a battering. The company's total funds under management at the end of September stood at $65bn, less than in March when the figure was £69.1bn and down $7bn since the end of June. Operation
Read moreOperational improvements drive Smith Group profits higher
28th Sep 2011 07:24
Operational improvements helped Smiths Group, which makes equipment such as airport scanners, post a sharp rise in profits for the year to 31 July. Pre-tax profits rose to £486m from £435m on sales that climbed to £2.84bn from £2.77bn. The full year dividend was lifted to 36.25p from 34p. "We cont
Read moreWednesday preview: Smiths Group, Man Group
27th Sep 2011 17:49
Medical devices and airport scanners maker Smiths Group has had an up-and-down year, which started with it rejecting a bid approach, went on to include a healthy increase in interim profits, followed by a warning on order delays in Smiths Detection and then, in June, a trading update that revealed r
Read moreWeek Ahead: Smiths Group, AG Barr
23rd Sep 2011 14:17
Medical devices and airport scanners maker Smiths Group is set to declare full-year results on Wednesday, and the figures are expected to show a continuation of half-year trends, with strength at its John Crane unit offsetting weakness at the Detection business. "Detection issued a profit warning i
Read more