Tuesday broker round-up UPDATE
23rd Sep 2014 09:36
AVEVA: JP Morgan reduces target price from 2450p to 1825p, while leaving its overweight rating unchanged. African Minerals: Credit Suisse reduces target price from 120p to 25p, while leaving its neutral rating unchanged. Aviva: Goldman Sachs ups target price from 490p to 515p and reiterates a neutr
Read moreSerco wins Australian immigrant detention facility extension
4th Sep 2014 09:19
International service company Serco Group has been chosen by the Department of Immigration and Border Protection as the preferred bidder to continue providing detainee facilities in Australia. The FTSE 250-listed company said commercial negotiations and the procurement process are ongoing and wer
Read moreThursday broker round-up UPDATE
14th Aug 2014 09:39
Admiral Group: Deutsche Bank reduces target price from 1330p to 1260p and maintains a hold recommendation. Balfour Beatty: Deutsche Bank lowers target price from 250p to 245p keeping its hold recommendation. Betfair: Jefferies raises target price from 1175p to 1230p maintaining a buy recommendatio
Read moreWednesday tips round-up: Serco, RM2 International
13th Aug 2014 10:04
Outsourcing specialist Serco's latest set of half-year results make for grim reading. On the positive side of things, the company seems to have its eye on the ball, improving its return on capital employed. Auspiciously, if one is optimistic, its new chief executive Rupert Soames - the ex-boss at Ag
Read moreFTSE 250 movers: Just Eat shares jump on strong first half
12th Aug 2014 14:50
Online takeaway marketplace Just Eat said profits trebled in the first half of 2014 on the back of strong demand and accelerating growth in mobile. The company said pre-tax profit was up 200% at £6m on revenues that jumped by 58% to £69.8m, causing shares to surge in morning trade. High street book
Read moreLondon midday: Stocks erase losses to trade flat amid geopolitical developments
12th Aug 2014 12:10
- Markets trim losses to finish flat - Geopolitics in focus with aid on its way to Ukraine - German ZEW survey disappoints - Prudential, Just Eat, Ladbrokes and Serco rise after results techMARK 2,726.95 -0.02% FTSE 100 6,630.32 -0.04% FTSE 250 15,498.56 +0.24% UK stocks had clawed back losses and
Read moreTuesday broker round-up UPDATE
12th Aug 2014 09:25
African Barrick Gold: Investec ups target price from 212p to 260p upgrading from sell to hold. Al Noor Hospotals: Jefferies cuts target price from 1155p to 1125p and maintains a buy recommendation. Aquarius Platinum: Citi shifts target price from 22p to 26p and keeps a neutral rating. BHP Billito
Read moreLondon open: Stocks fall despite strong earnings, as geopolitics weigh
12th Aug 2014 09:00
- Investors watch Ukraine crisis amid 'aid mission' speculation - ZEW surveys in focus in Germany - Ladbrokes, Just Eat, Serco and SIG rise after results - Hargreaves Lansdown hit by comments from UBS techMARK 2,721.19 -0.23% FTSE 100 6,621.59 -0.17% FTSE 250 15,468.99 +0.05% UK stocks declined on
Read moreSerco reports poor H1 trading but cuts debt
12th Aug 2014 07:54
Troubled support services group Serco reported "poor" first half trading and predicted challenges ahead, but said it had reduced net debt and appointed a new finance chief. Serco won less work during the period and said previously higher-than-average margin work fell in volume or was lost on re-bid
Read moreLondon pre-open: UK stocks to fall ahead of German data, geopolitics
12th Aug 2014 07:52
UK stocks were expected to open lower on Tuesday as investors eyed geopolitical developments in Ukraine and awaited key economic data from Germany. City sources predict the FTSE 100 will open around 10 points lower than Monday's close of 6,632.82. The index advanced 1% on Monday on the back of i
Read moreTuesday preview: Ladbrokes, Serco report first half results
11th Aug 2014 15:35
Ladbrokes' chief executive Richard Glynn will need to show investors that his strategy to turn the British bookmaker around is working when the company reports its first half results on Tuesday. Glynn needs to prove that its new digital platform worked well through the World Cup and had helped the
Read moreFTSE 250 movers: Interserve gains after first half results
6th Aug 2014 15:36
Interserve rallied after the British building services and construction company reported a 36% rise in first half profit. The group also said it has secured future work worth up to £7.5bn, compared to £6.4bn at the end of 2013. The interim dividend was lifted 10.3% to 7.5p. Chief executive Adrian
Read moreBroker tips: Standard Chartered, Fresnillo, Meggitt, Serco
6th Aug 2014 12:57
Investec says Standard Chartered coped well with a difficult first half of the year and is "still probably the best bank in the world". The broker acknowledges that 2014 "may not be a stellar year", but it expects a kick-start for revenue-led growth in the second half of the year and beyond. It ke
Read moreLondon midday: FTSE 100 near 6,600 as Ukraine crisis sinks stocks
6th Aug 2014 12:09
- Russian troops amass along Ukraine border - UK, Italian and German data disappoints - Ex-dividend stocks fall - StanChart falls after results, Shire drops FTSE 100 6,604.48 -1.17% FTSE 250 15,162.03 -1.24% techMARK 2,708.06 -1.23% Fears about a possible Russian invasion of Ukraine sparked a sell
Read moreSerco shares hit by Numis downgrade to 'reduce'
6th Aug 2014 11:04
Serco's shares were under pressure on Wednesday after Numis Securities cut its recommendation for the outsourcing group from 'hold' to 'reduce'. The broker said the market was already pricing in a "significant operational turnaround" at the company after new chief executive Rupert Soames started in
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