Broker snap: Smith & Nephew 'undervalued', UBS upgrades
27th Jan 2014 09:51
UBS has upgraded its recommendation for medical equipment maker Smith & Nephew from 'neutral' to 'buy', saying that even after significant outperformance the stock remains undervalued compared with others in the sector. "Smith & Nephew trades at a 10% discount to peers despite a superior return on
Read moreLondon close: FTSE 100 hits seven-week low on taper fears
3rd Dec 2013 16:28
- FTSE 100 at lowest level since October 14th - US jobs report in focus as taper speculation picks up - UK construction activity at six-year high techMARK 2,640.56 -0.50% FTSE 100 6,532.43 -0.95% FTSE 250 15,153.14 -1.18% The FTSE 100 finished around one per cent lower on Tuesday and at a seven-we
Read moreSector movers: Healthcare stocks gain, Smith & Nephew hits record high
3rd Dec 2013 15:14
A reduction in risk appetite across financial markets on Tuesday helped stocks in defensive sectors such as healthcare with heavyweight constituent Smith & Nephew lifted higher after a broker upgrade. Sectors such as mining, oil and banking were being sold off today with "risk assets [being] dumped
Read moreFTSE 100 movers: Next climbs on BRC comments and broker rating
3rd Dec 2013 14:14
Next was leading the risers today, buoyed by a report from the British Retail Consortium, which said despite overall poor sales clothing retailers had performed well in November, as well as Oriel Securities, which upped its rating on the stock to 'buy' from 'hold'. It said of the group: "The Directo
Read moreLondon midday: Miners, financials drag markets lower despite strong UK data
3rd Dec 2013 11:21
- Risk appetite fades as markets await jobs data - Mining, financial sectors sold off - UK construction PMI defies expectations, jumps to six-year high techMARK 2,645.44 -0.31% FTSE 100 6,539.87 -0.84% FTSE 250 15,211.51 -0.80% UK markets were firmly in negative territory on Tuesday morning despit
Read moreSmith & Nephew to acquire Brazilian distribution firm
26th Nov 2013 14:20
Smith & Nephew, the global medical technology business, on Tuesday announced that it has agreed to acquire Brazilian firm Politec Saúde for the distribution of its Advanced Wound Management products. Earlier this year, the company announced its intention to acquire its Advanced Surgical Devices di
Read moreSmith & Nephew names new Chairman as quarterly profits fall
31st Oct 2013 12:32
- Q3 pre-tax profits fall - But underlying trading profits up 10 per cent - Roberto Quarta named as new Chairman Smith & Nephew revealed it had chosen Roberto Quarta as its new Chairman as it reported a drop in quarterly profits. Quarta, who is also chairman of fellow FTSE 100 group IMI, will join
Read moreFTSE 100 movers: Vedanta hit by downgrade
9th Oct 2013 15:01
Vedanta Resources delivered record oil and gas production and a rise in the output of refined zinc, lead and silver in the second quarter. However, the stock was among the worst performers today after reportedly being downgraded by Morgan Stanley to 'underweight'. ARM Holdings also took a hit, trac
Read moreLondon midday: Markets pause at three-month low as UK data disappoints
9th Oct 2013 11:19
Disappointing UK production figures and the ongoing political deadlock in the US weighed on market sentiment on Wednesday morning, with the FTSE 100 subdued after hitting a three-month low the day before. London's benchmark FTSE 100 index was trading broadly flat by midday, erasing earlier losses,
Read moreLondon open: Stocks under pressure as debt ceiling looms
9th Oct 2013 08:22
Markets dropped sharply once again on Wednesday as investors' appetite for risk continues to be eroded by the ongoing government shutdown in the US. Not even the news that well-known dove Janet Yellen will be nominated as the next chair of the Federal Reserve lifted stocks this morning, with the FT
Read moreSainsbury Group Development Director adds 6,000 shares to stake
10th Sep 2013 16:27
Luke Jensen, the Group Development Director of Sainsbury, purchased 5,944 shares for him and his wife. The transaction was split into 2,971 shares for himself, bought at 3,974p a time, and 2,973 shares for his wife, bought at 3,972p. Jensen, who joined Sainsbury and the operating board in June 2
Read moreBroker tips: Fresnillo, Old Mutual, Smith & Nephew
13th Aug 2013 11:16
The share price of precious metals miner Fresnillo continued to rebound strongly on Tuesday following recent falls, with UBS providing a boost after initiating coverage of the stock with a 'buy' rating and 1,250p target price. UBS said: "Fresnillo is one of the world's lowest-cost primary silver pr
Read moreBroker snap: Citi downgrades Smith & Nephew after solid run
13th Aug 2013 09:25
Citigroup has cut its rating for medical devices maker Smith & Nephew from 'buy' to 'neutral', saying that the stock's strong performance this year now leaves limited upside. In a research report on Tuesday morning, the broker said: "Smith & Nephew has had a solid run since the beginning of the yea
Read moreLondon open: Resolution leads markets higher ahead of economic data
13th Aug 2013 08:44
Markets gained strongly on Tuesday morning with insurance firm Resolution providing a lift ahead of a flurry of economic data due out later on, as stocks rebounded strongly following a relatively quiet session the day before. On the schedule for today is consumer sentiment figures in Germany, UK in
Read moreSmith & Nephew sticks to full year outlook despite profit fall
1st Aug 2013 07:36
Smith & Nephew suffered a fall in quarterly profits after its hip and knee replacement business battled with a series of headwinds. But it stuck to its full-year outlook following an excellent quarter from its advance would management business and it predicted a pick up in the performance of its or
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