Tuesday broker round-up
24th Mar 2015 14:42
Legal&General: Canaccord Genuity reiterates hold and raises target to 290p from 240p. Standard Chartered: JP Morgan Cazenove reiterates overweight and lifts target to 1,250p from 1,050p. Vesuvius: Credit Suisse reiterates underperform and hikes target 460p from 405p. Marks&Spencer: Investec reit
Read moreSenior's interim results hurt by weak sales in Brazil and Europe
2nd Mar 2015 13:45
Shares in defence, aerospace and energy manufacturing firm Senior fell on Monday due to challenges in its aerospace programmes and weak demand in Brazil and Europe. Revenue increased slightly by 6% to £820.8m, but profits before tax declined 4% to £80.6m. In constant currency, profits rose 2%. As a
Read moreLondon pre-open: Stocks to fall further ahead of data-heavy session
6th Jan 2015 07:43
UK stocks were expected to open slightly lower on Tuesday ahead of a busy day for economic data, extending losses after dropping sharply to a three-week low. City sources predict the FTSE 100 will open 12 points lower than Monday's close of 6,417.16. The index suffered a 2% sell-off the previous se
Read moreSenior appoints new CEO, poached from Cobham
6th Jan 2015 07:27
Defence, aerospace and energy manufacturing firm Senior has poached Cobham's chief operating officer (COO) as its new chief executive officer (CEO), replacing Mark Rollins who is due to step down after 17 years with the group. Cobham COO David Squires will join the board on 1 May and will take over
Read moreWednesday broker round-up UPDATE
12th Nov 2014 09:07
Aberdeen: UBS lowers target price from 465p to 450p and downgrades from buy to neutral. ASOS: Societe Generale reduces target price from 5000p to 4450p, while leaving its buy recommendation unchanged. BG Group: Deutsche Bank reduces target price from 1400p to 1300p and keeps a buy recommendation.
Read moreWednesday broker round-up UPDATE
5th Nov 2014 10:02
Associated British Foods: Exane raises target price from 3600p to 3700p, keeping its outperform rating. Citi reduces target price from 3200p to 3100p, while upgrading to buy. AVEVA: Liberum Capital reduces target price from 1500p to 1400p and keeps a hold recommendation. Investec reduces target pric
Read moreFTSE 250 movers: Car insurers accelerate after AA figures
22nd Oct 2014 15:38
Figures out from AA Insurance lifted shares in car insurers on Wednesday, prompting Esure to motor ahead to the top of the second tier leaderboard. The AA said that comprehensive rates had risen 2.8% in the third quarter, with third party rates climbing 6.6% - the first quarterly increase in two yea
Read moreSenior maintains targets after solid third quarter
22nd Oct 2014 09:56
As it continues to search for a new chief executive, engineer Senior said full year profits were likely to hit forecasts after no surprises from trading in the third quarter. The FTSE 250-listed group added that barring any exceptional moves in currency rates it expected to make "solid" progress in
Read moreWednesday broker round-up UPDATE
22nd Oct 2014 09:54
Amino Technologies: N+1 Singer moves target price from 93p to 107p upgrading to buy. Anglo American: Liberum Capital reduces target price from 1300p to 1200p retaining its sell recommendation. ARM Holdings: UBS moves target price from 970p to 980p upgrading from neutral to buy. Deutsche Bank cuts t
Read moreTuesday broker round-up UPDATE
5th Aug 2014 11:02
Acal: FinnCap initiates with a target price of 322p and a buy recommendation. Afren: UBS reduces target price from 200p to 135p and stays with its buy recommendation. Aggreko: WH Ireland ups target price from 1800p to 1850p and stays with a buy recommendation. Alent: Numis increases target price
Read moreLondon midday: UK stocks snap three-day decline as HSBC rises
4th Aug 2014 12:12
- HSBC leads banks higher, Intertek rises - UK construction PMI beats forecasts - Portugal concerns ease after BES rescue techMARK 2,748.21 -0.12% FTSE 100 6,711.03 +0.48% FTSE 250 15,387.53 -0.10% UK stocks pushed higher on Monday as the FTSE 100 rebounded after three straight days of losses, as
Read moreMonday broker round-up UPDATE
4th Aug 2014 10:10
Afren: Canaccord Genuity reinstates with a target price of 120p and a hold recommendation. Bodycote: N+1 Singer cuts target price from 850p to 835p, while staying with its buy recommendation. BT Group: Berenberg moves target price from 460p to 475p and maintains a buy recommendation. Espirito Sant
Read moreLondon open: Stocks inch higher but gains limited by geopolitics
4th Aug 2014 09:14
- Geopolitics in Gaza, Ukraine still firmly in focus - UK construction PMI due out - Investors give mixed reaction to earnings techMARK 2,748.45 -0.11% FTSE 100 6,696.45 +0.26% FTSE 250 15,371.65 -0.20% UK stocks snapped a three-day losing streak on Monday morning as investors went bargain-huntin
Read moreSenior sees large jump in first-quarter free cash flows
4th Aug 2014 07:48
Aerospace components manufacturer Senior's profits before tax grew 22% to £45.1m for the six months ended on 30 June. Revenues however were essentially flat at £400.4m. On an organic basis - excluding acquisitions and currency headwinds - revenues were up 3%. In adjusted terms, before accounting f
Read moreLondon pre-open: Bargain hunters expected to prop up UK stocks early on
4th Aug 2014 07:45
UK stocks are expected to open with small gains on Monday morning as investors pick up bargains after the heaving selling pressure experienced last week. The FTSE 100 has lost around 1.9% of its value over the last three trading sessions as a mixed reaction to US economic data and ongoing global ge
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