Wednesday broker round-up UPDATE
23rd Jul 2014 09:01
Abcam: Canaccord Genuity ups target price from 375p to 400p and upgrades from hold to buy. ARM Holdings: Deutsche Bank cuts target price from 975p to 950p and maintains a hold recommendation. Credit Suisse lowers target price from 1125p to 1100p and leaves its outperform rating unaltered. Beazley:
Read moreTuesday broker round-up UPDATE
22nd Jul 2014 09:37
Abcam: N+1 Singer places both its target price (prev.: 346p) and its sell recommendation under review. Amiad Water Systems: Oriel lowers target price from 350p to 340p and retains a buy recommendation. Ashmore Group: Espirito Santo ups target price from 371p to 404p, while downgrading to neutral.
Read moreSector movers: M&A, Farnborough lift aerospace and defence stocks
16th Jul 2014 14:47
M&A speculation and contract wins from the Farnborough Air Show were helping stocks in the aerospace and defence sector post solid gains on Wednesday. Aircraft components manufacturer and engineering group Meggitt was the standout performer in afternoon trade, up nearly 10% at 537p on the back of r
Read moreSector movers: Rolls-Royce cash return lifts aero/defence stocks
19th Jun 2014 14:55
Aerospace and defence stocks were leading the risers on Thursday after engineering giant Rolls-Royce impressed investors with an unexpected £1bn cash return. Shares in Rolls jumped over 7% today after the firm pledged to buy back £1bn of shares if it succeeds in selling its energy gas turbine and c
Read moreMonday broker round-up UPDATE
16th Jun 2014 09:51
Allocate Software: N+1 Singer upgrades to buy with a target price of 133p. Croda International: Numis cuts target price from 2575p to 2554p and maintains its hold recommendation. Diamondcorp: Northland Capital shifts target price from 9.9p to 11p and keeps a buy recommendation. Fenner: Credit Su
Read moreSenior maintains outlook amid currency pressures
24th Apr 2014 08:09
- Outlook unchanged - Currency had six per cent adverse impact - Large commercial aircraft market healthy Manufacturing group Senior said its outlook for the full year remains unchanged with currency movements still having an impact on results. The company, which makes components for the aerospace
Read moreSenior completes purchase of UPECA Technologies
9th Apr 2014 15:12
Senior, the FTSE 250-listed an international manufacturing company, said that it had completed the acquisition of UPECA Technologies. The announcement comes one month after the group first announced the £75.5m cash deal. UPECA provides manufacturing services for high precision metal machining and
Read moreThursday broker round-up UPDATE
20th Mar 2014 09:19
Antofagasta: Deutsche Bank cuts target price from 770p to 735p and downgrades to sell. Investec cuts target price from 753p to 726p keeping its sell recommendation. Ashmore Group: HSBC Holdings lowers target price from 410p to 400p retaining its overweight rating. Avacta Group: Numis shifts target
Read moreFTSE 250 movers: Inchcape rises on strong annual results
11th Mar 2014 15:37
Inchcape delivered record annual results as the car dealership enjoyed buoyant demand for luxury vehicles. The company reported a pre-exceptional pre-tax profit of £274.6m for the year through December 2013, up 11.2% on the prior year, as sales jumped 7.7% to £6.5bn. Adjusted earnings per share gr
Read moreFTSE 250 movers: Savills climbs on reports of partnership deal
10th Mar 2014 13:45
Savills rose on the news the real estate advisor had agreed a new partnership with McGuire Real Estate, the San Francisco-based real estate brokerage. Water regulators have given a boost to Pennon Group, pushing the stock firmly higher after saying its regulated water utility, South West Water, has
Read moreLondon midday: Stocks edge higher despite weak Asian data
10th Mar 2014 11:40
- Mining stocks pare losses after Asian data - China registers surprise trade deficit - Japan GDP revised lower - Vodafone raising offer for Ono, reports say techMARK 2,863.88 +0.14% FTSE 100 6,724.00 +0.17% FTSE 250 16,590.48 +0.19% UK markets edged higher on Monday as bargain hunters stepped in
Read moreMonday broker round-up UPDATE
10th Mar 2014 08:43
African British Foods: UBS raises target price from 2890p to 3300p and keeps a buy recommendation. BBA Aviation: Citi ups target price from 335p to 385p and reiterates a buy recommendation. Capita Group: Liberum Capital increases target price from 880p to 1100p upgrading to hold. Centrica: Credit
Read moreLondon open: Markets flat as miners fall after poor data from Asia
10th Mar 2014 08:17
- China registers surprise trade deficit, CPI eases - Japan GDP revised lower - Mining stocks limit upside for FTSE - Mondi upgraded to 'buy' by Citigroup techMARK 2,863.34 +0.12% FTSE 100 6,716.76 +0.06% FTSE 250 16,578.93 +0.12% UK markets opened broadly flat on Monday morning after a surprise t
Read moreLondon pre-open: Poor data out from Asia to push FTSE lower
10th Mar 2014 07:16
- Asia stocks slump as Japanese, Chinese disappoint - BCC ups economic growth forecasts UK stocks will start the day in the red, dragged lower by the performance in Asia overnight, hit by both Chinese and Japanese data. City sources predict the FTSE 100 will open 21 points lower than Friday's clo
Read moreSenior to buy Malaysia's UPECA
10th Mar 2014 07:06
Manufacturing group Senior confirmed that it has entered into an agreement to buy Malaysian based UPECA Technologies for 75.5m pounds in cash. The acquisition of UPECA Technologies, which provides manufacturing services for high precision metal machining, is expected to complete towards the end of
Read more