Broker 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
Read moreFTSE 250 movers: Kazakhmys slides after broker assesments
10th Apr 2014 15:53
Kazakhmys was in the bottom spot on the second tier after a week of unimpressive broker comments. On Tuesday Deutsche Bank reiterated its 'sell' rating, while Investec reduced its price target from 294p to 280p. The group has recently unveiled plans for a restructuring, which will see it split into
Read moreWH Smith lifts dividend, confident outlook
10th Apr 2014 07:43
- Lifts dividend, confident outlook - Profit growth in Travel and High Street - Confident of future growth Books and stationery retailer WH Smith said it would hike its interim dividend payment by 15 per cent as it posted improved profit for the period. Group profit from trading operations increas
Read moreFTSE 250 movers: WH Smith jumps on Investec target price increase
27th Mar 2014 14:16
WH Smith was a strong riser after Investec reiterated its 'buy' rating on the stock and raised its target price from 1,200p to 1,400p ahead of its first-half results on April 10th. The broker said is expects "High Street to show a modest improvement and Travel to benefit from the cyclical recovery t
Read moreThursday broker round-up UPDATE
27th Mar 2014 09:02
Aberdeen Asset Management: Credit Suisse reduces target price from 470p to 415p maintaining a neutral rating. Acta: Cantor Fitzgerald reinstates with a target price of 13p (prev.: 16p) and a buy recommendation. African Minerals: Jefferies cuts target price from 300p to 250p and retains a buy recom
Read moreFriday broker round-up UPDATE
21st Feb 2014 10:11
Barratt Developments: JP Morgan raises target price from 360p to 420p, while downgrading to neutral. Bellway: JP Morgan takes target price from 1450p to 2000p and retains an overweight rating. Bodycote: UBS initiates with a target price of 800p and a buy recommendation. Bovis Homes Group: JP Morg
Read moreThursday broker round-up UPDATE
23rd Jan 2014 09:12
Afren: Investec ups target price from 170p to 200p and maintains a buy recommendation. AG Barr: Investec raises target price from 585p to 620p retaining an add rating. Canaccord Genuity ups target price from 630p to 650p and keeps a buy recommendation. Arbuthnot: Numis downgrades from add to hold
Read moreFTSE 250 movers: WH Smith climbs on strong divisional result
22nd Jan 2014 16:00
Books and stationery retailer WH Smith was higher after reporting a smaller-than-expected decline in underlying sales from its Travel division. UK pub operator JD Wetherspoon rose after a strong pick-up in like-for-like revenue growth in the second quarter covering the key Christmas period. Proper
Read moreLondon midday: Stocks slip on rate speculation as UK unemployment declines
22nd Jan 2014 11:30
- Markets pull back sharply after UK data - Fall in unemployment sparks rate speculation - Sage rises after confident update - RBS hit by UBS downgrade to 'sell' techMARK 2,852.20 +0.20% FTSE 100 6,825.74 -0.12% FTSE 250 16,130.75 -0.08% UK markets had erased gains by Wednesday lunchtime as concer
Read moreWH Smith reports weak Christmas sales, margins improve
22nd Jan 2014 07:36
- Sales over Christmas fall - Margins improve, tight cost control - Confident of progress in year ahead Books and stationery retailer WH Smith said sales fell over the key Christmas period, adding that it continued to plan cautiously and manage the business tightly. Total sales were down 4% for
Read moreWednesday preview: UK jobless rate, BoE minutes, Syria peace talks
21st Jan 2014 14:38
The UK unemployment rate will be released along with minutes from the Bank of England's (BoE) meeting earlier this month. Britain's jobless rate is expected to fall to 7.3% in the three months to November from 7.4% the previous period, edging closer the central bank's 7% threshold at which it will
Read moreLondon midday: Markets fall as Sainsbury leads retailers lower
8th Jan 2014 11:30
- Updates from Sainsbury, Mothercare, Majestic fail to impress - Eurozone retail sales, German factory orders beat forecasts - US data, central banks in focus over coming days techMARK 2,783.91 -0.20% FTSE 100 6,725.52 -0.44% FTSE 250 16,043.77 -0.16% The FTSE 100 pulled back from a two-month high
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