Monday broker round-up UPDATE
4th Mar 2013 07:12
Aggreko: JP Morgan takes target price from 1845p to 1870p, while reiterating a neutral rating. Anglo American: Nomura reduces target price from 1800p to 1700p and downgrades from neutral to reduce. ARM Holdings: Deutsche Bank increases target price from 400p to 445p, but still recommends selling.
Read moreLondon close: Stocks tank on political instability in Italy
26th Feb 2013 16:38
Upbeat economic data from the States wasn't enough to give markets a boost on Tuesday as a political impasse in Italy dampened the demand for cyclical stocks, such as banks. The centre-left party led by Pier Luigi Bersani appears to have won the lower house by a narrow margin though the there was a
Read moreFTSE 250 movers: St Modwen shares fall on placing news
26th Feb 2013 15:59
Regeneration specialist St Modwen tanked after proposing a placing to help fund its share in the development of the New Covent Garden Market in London. St Modwen intends to raise additional equity capital through a placing of up to 20m new ordinary shares of 10p each, representing around 9.99 per ce
Read moreLondon midday: FTSE 100 sinks on Italian political impasse
26th Feb 2013 11:37
The Footsie lost over one per cent on Tuesday morning in the aftermath of the Italian national elections, as financial markets reacted to the political uncertainty unravelling in the Eurozone's third-largest economy. The centre-left party led by Pier Luigi Bersani appears to have won the lower hous
Read moreLondon open: Political uncertainty in Italy hammers stocks
26th Feb 2013 08:25
Election results in Italy prompted in a sell-off across European stock markets on Tuesday morning after the country was thrown into a political deadlock. The centre-left party led by Pier Luigi Bersani appears to have won the lower house by a narrow margin though the there was an inconclusive vote
Read moreSt Modwen proposes placing to part-fund London development
26th Feb 2013 07:47
Regeneration specialist St Modwen has proposed a placing to help fund its share in the development of the New Covent Garden Market (NCGM) in the Nine Elms area near Vauxhall, London. St Modwen and joint venture partner VINCI Investments will share the costs of the development, which includes a 550,
Read moreMonday broker round-up UPDATE
11th Feb 2013 07:41
Aquarius Platinum: Deutsche Bank shifts target price from 82p to 83p keeping a buy recommendation. AstraZaneca: JP Morgan cuts target price from 2970p to 2750p and retains an underweight rating. Avation: WH Ireland ups target price from 120p to 140p, while its buy recommendation is kept. Bellway:
Read moreSt. Modwen lifts annual NAV
5th Feb 2013 07:09
Regeneration specialist St Modwen Properties reported a solid increase in annual net asset value and profit and issued an upbeat outlook for future developments. NAV increased 8% to 251p per share for the year ended November 30th 2012 while EPRA NAV gained 9% to 272p per share. St Modwen said it
Read moreSt Modwen signs Covent Garden Market development deal
7th Jan 2013 08:37
Regeneration specialist St Modwen Properties said it signed a contract to redevelop the UK's largest fruit, vegetable and flower market. The deal with the Covent Garden Market Authority (CGMA) will it see it redevelop the New Covent Garden Market site in Central London, together with its joint vent
Read moreLondon close: Stocks pare gains after US ISM data
3rd Dec 2012 16:52
- US manufacturing sector in contraction - Chinese and India data lifts markets early on - Banking fall after BoE FLS details The FTSE 100 index was set to finish Monday's session with decent gains until a worse-than-expected reading of US manufacturing caused markets across Europe to trim gains by
Read moreFTSE 250 movers: C&W Comms jumps after disposal
3rd Dec 2012 15:41
Cable & Wireless Communications surged on Monday after agreeing to sell the majority of its businesses in its Monaco & Islands division as it attempts to scale back its geographic footprint and pay down debt. CWC is selling the assets to Bahraini telecoms firm Batelco Group for an enterprise value
Read moreLondon midday: Markets rise after manufacturing data
3rd Dec 2012 11:35
- Chinese and Indian PMIs improve - UK manufacturing PMI beats forecasts - Miners provide a lift in London The Footsie had held on to gains by Monday lunchtime after some decent manufacturing figures from China and India, though the mood was cautious on the back of uncertainties surrounding the US
Read moreLondon open: Stocks rise after Chinese manufacturing figures
3rd Dec 2012 08:18
UK stocks opened in positive territory on Monday morning following some upbeat economic data from China and India, but gains were only moderate with the focus likely to be on Greece as Eurozone finance ministers meet in Brussels. The final reading for the HSBC China purchasing managers' index (PMI)
Read moreLondon pre-open: Gains expected after Chinese data
3rd Dec 2012 07:27
The FTSE 100 index is expected to open with moderate gains on Monday morning after upbeat manufacturing figures from China released this weekend. City sources predict that the Footsie will open around 5,875 to 5,880, up from Friday's close of 5,867. The final reading for the HSBC China purchasing
Read moreMonday broker round-up UPDATE
3rd Dec 2012 07:16
ARM Holdings: Exane BNP Paribas upgrades from neutral to buy. Ashtead Group: Bank of America starts with a target price of 460p and a buy recommendation. AstraZaneca: Berenberg raises target price from 3080p to 3100p; hold recommendation kept. Balfour Beatty: Investec reduces target price from 21
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