Broker tips: Glencore, Kazakhmys, WH Smith
21st Aug 2014 12:24
UBS has upped its target price for mining and commodities trading giant Glencore from 330p to 350p after an "encouraging" roundtable meeting with management. However, while the bank said it is attracted to the business strategy, it said the improving outlook for zinc and nickel markets and positive
Read moreMomentum is building at WH Smith, 'buy' says Investec
21st Aug 2014 11:35
Trading at WH Smith is "building momentum", according to Investec, which repeated its 'buy' recommendation for investors on Thursday following an 'in-line' pre-close statement from the stationery, magazines and books retailer. The company, which operates a chain of high street, railway, motorway an
Read moreWH Smith confirms annual results in line
21st Aug 2014 07:43
Retailer WH Smith confirmed that its annual results, out in October, will be in line with market expectations. The consensus, according to Thomson Reuters, is for £112.7m profit before tax. In a short trading update prior to the 31 August end of its financial year, the FTSE 250 group said that it
Read moreLondon pre-open: Small rise expected on FTSE ahead of data
21st Aug 2014 07:42
The FTSE 100 is set for a modest gain at Thursday's opening bell, with city sources predicting the index will open around eight points higher than yesterday's close of 6,755.48, tracking gains seen in the States last night. US stocks moved higher despite the Federal Reserve's latest policy meeting
Read moreFTSE 250 movers: Retailers mostly higher as UK unemployment falls
16th Jul 2014 15:12
A number of retailers including Debenhams, N Brown, AO World and Home Retail were on the rise today as investors welcomed the latest UK economic data which showed a drop in unemployment. The UK jobless rate declined from 6.6% to 6.5% in the three months to May, the lowest since 2008, though wage gro
Read moreThursday tips round-up: Flybe, WH Smith
12th Jun 2014 08:30
It's crunch time for Flybe as it prepares to start flights from London City airport starting in October, as part of a five year deal. The above are projected to account for half of the company's growth in commercial flights. That comes as the firm prepares to launch additional holiday routes to Spai
Read moreFTSE 250 movers: Broker comment pushes Dechra Pharma higher
11th Jun 2014 14:34
Investec helped Dechra Pharmaceuticals into the top 10 after reiterating its 'buy' rating and upping its target price from 787p to 842p. Online betting exchange Betfair thrashed analysts' full-year forecasts as management tackled the cost base and the introduction of a more traditional bookmaker's
Read moreLondon pre-open: FTSE to slide lower early on
11th Jun 2014 07:40
Stocks in the UK are expected to ease lower this morning following a more subdued finish to yesterday's session over in the States last night, with City sources predicting the FTSE 100 will open around 10 points below yesterday's close of 6,873.55. Having scorched to a succession of highs in recent
Read moreWH Smith upbeat despite sluggish high street sales
11th Jun 2014 07:12
- Total sales flat after mixed performance - Strong WH Smith Travel, High Street sales down 4% - Remains confident about full-year outcome Newsagent and bookseller WH Smith said total group sales in the first 14 weeks of the second half of the financial year were flat with like-for-like (LFL) sales
Read moreSunday newspaper round-up: TSB float, Barclays, Carphone Warehouse
8th Jun 2014 16:25
Lloyds Banking Group will price TSB at up to £1.44bn when it floats the new bank on the stock market - 10% below the new bank's book value, the Sunday Telegraph said. The valuation is designed to ensure a smooth reception for the initial public offering, making the bank priced "to go". Lloyds thinks
Read moreFTSE 250 movers: African Barrick climbs on rating upgrade
11th Apr 2014 15:31
African Barrick Gold rose after Numis raised its target price from 170p to 260p and upgraded the miner from 'sell' to 'hold'. Drax also climbed following Deutsche Bank's decision to reiterate its 'buy' rating on the stock. Technology group Pace and biotech-focused Worldwide Healthcare Trust were l
Read moreBroker tips: Fresnillo, WH Smith, Cairn Energy, Gambling stocks
11th Apr 2014 12:27
JPMorgan Cazenove has lifted its price target for Fresnillo from 965p to 1,030p and kept an 'overweight' rating, saying it continues to favour the Mexican precious metals producer over sector peer Hochschild ('neutral'). "We estimate Fresnillo should continue to enjoy lower average costs, aided by
Read moreLondon midday: Tech and airline stocks drag UK markets lower
11th Apr 2014 11:30
- Tech, internet stocks weigh on markets - Nasdaq sees sharpest fall since late 2011 - JPMorgan, Wells Fargo in focus this afternoon - Airlines sold off after Heathrow traffic stats techMARK 2,668.68 -1.87% FTSE 100 6,563.60 -1.18% FTSE 250 15,888.60 -1.61% UK stocks fell over one per cent on Frid
Read moreNumis downgrades WH Smith after recent re-rating
11th Apr 2014 10:26
Numis Securities has downgraded its rating on stationery and books retailer WH Smith from 'add' to 'hold', saying that it sees a 'misty horizon' despite the company's broadly in-line first-half report. Pre-tax profit in the first half rose 3% to £69m, while earnings per share (EPS) and the dividend
Read moreFriday broker round-up UPDATE
11th Apr 2014 08:49
African Barrick Gold: Numis raises target price from 170p to 260p and upgrades from sell to hold. Antofagasta: Numis downgrades from hold to reduce with a target price of 700p. Ashmore Group: Jefferies ups target price from 375p to 400p and keeps a buy recommendation. JP Morgan lowers target price
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