Sector movers: Insurers head lower
14th Nov 2011 16:09
Insurers were among the worst performers of the day, as the broader financial sector was weighed down by concerns over rising bond yields in Italy and Spain. FTSE 100 life insurance peers Prudential, Legal & General and Resolution were among the heaviest fallers on the blue chip index, while Phoeni
Read moreFTSE 100 Movers: Smith & Nephew, ITV lead the risers
14th Nov 2011 13:56
Medical equipment manufacturer Smith & Nephew was the high riser helped by Exane BNP Paribas which upped its recommendation on the stock from neutral to outperform. ITV, Britain's biggest private terrestrial broadcaster, was heading north after reporting a 4% rise in revenues in the nine months to
Read moreLondon midday: Footsie retreats after positive start
14th Nov 2011 12:18
The early optimism faded in late morning trade, with the Footsie now trading nearly 1% lower despite a positive start early on, after an Italian bond sale saw significantly higher yields than last month's. Meanwhile, investors will still be digesting the latest shake-ups in Italian and Greek politic
Read moreFTSE 100 Movers: Admiral dives more than 28%
9th Nov 2011 13:02
Shares in insurance firm Admiral tanked by more than 28% this morning after it warned 2011 profits would be at the lower end of expectations due to a jump in personal injury claims. In its third quarter statement the firm had said it expected to report record profits for the full year, around 10%
Read moreWednesday broker round-up - UPDATE
9th Nov 2011 09:58
Admiral: Nomura puts buy rating and 1,900p target under review Admiral: Investec keeps sell rating and 843p target. HSBC: Evolutions Securities keeps sell rating and 650p target. British American Tobacco: Alpha Value downgrades to reduce from add. Regus: Credit Suisse upgrades from neutral to o
Read moreBroker snap: Credit Suisse sees open wounds at Smith and Nephew
7th Nov 2011 16:15
For those looking for an investment sticking plaster, don't go for Smith and Nephew, according to analysts at Credit Suisse. The medical equipment manufacturer based in Kingston Upon Hull has been downgraded from "overperform" to "neutral". The number crunchers at Credit Suisse are worried about ma
Read moreMonday broker update: Smith&Nephew, IAG, Tate&Lyle -UPDATE
7th Nov 2011 09:19
Taylor Wimpey: Peel Hunt keeps at sell. XChanging: Peel Hunt stay at sell. Tullet Prebon: Singer Capital keeps at buy. Bovis Homes: Panmure Gordon stays at hold. Rotork: Panmure Gordon upgrades to buy from hold. Lonrho: Panmure Gordon keeps at buy. Hammerson: Panmure Gordon keeps at buy. Smi
Read moreLondon open: RBS leads the advance
4th Nov 2011 23:18
Equities have started the day on the front foot but are not straying too far from last night's levels, bearing in mind that the market-moving US October jobs report is due out this afternoon. Nationalised lender Royal Bank of Scotland (RBS) is leading the advance after its third quarter advance, al
Read moreSmith & Nephew disappoints on margins
4th Nov 2011 08:59
Shares in Smith & Nephew fell this morning after it posted lower third quarter profits, which were hit by poor margins in its orthopaedics divisions. The medical technology business said that pre tax profits in the three months to October had fallen to $188m, down from $201m the previous year. To
Read moreUPDATE: Friday broker round-up
4th Nov 2011 08:58
Royal Bank of Scotland: Nomura keep neutral rating and target of 34p. Royal Bank of Scotland: Evolution Securities keeps buy recommendation and 40p target. Man Group: UBS reduces target from 250p to 210p, buy rating maintained. RSA: Nomura reiterates buy rating and 148p target. Smith & Nephew:
Read moreLondon pre-open: Operating profits disappoint at RBS
4th Nov 2011 07:40
Yesterday's advance looks set to continue today, albeit at a more sedate pace, as investors await October's US jobs data and further developments in Greece, where the government faces a vote-of-confidence motion in parliament today. City sources predict the FTSE 100 will open up 25 points from yes
Read moreFriday preview: Greek vote, US jobs data, Smith and Nephew ...
3rd Nov 2011 20:01
Activities on the UK corporate news front are set to take a back seat on Friday to events in Greece, where the government faces a vote of confidence motion in parliament, and the US, where the non-farm payrolls data will be as keenly watched as ever. Even inveterate gamblers are reluctant to take a
Read moreUPDATE: Tuesday broker round-up
1st Nov 2011 09:33
Man Group: Credit Suisse reiterates outperform rating and 235p target. Barclays: UBS downgrades from buy to neutral, target raised from 208p to 215p. Barclays: Investec keeps buy rating and 330p target. Legal & General: Nomura keeps buy rating and 180p target. Legal & General: Investec keeps sel
Read moreUPDATE: Thursday broker round-up
27th Oct 2011 09:09
Smith&Nephew: Citi reiterates sell. Anglo American: Citi maintains at buy. Invensys: UBS raises to neutral-short term buy from neutral. Lowers target to 225p from 250p. Bellway: UBS keeps at buy, raises target price to 825p from 793p. Lloyds: Credit Suisse cuts target to 31p from 40p, keeps at
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
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