Wednesday broker round-up UPDATE
5th Mar 2014 10:02
Abcam: Investec reduces target price from 552p to 480p and reiterates its buy recommendation. Numis upgrades from hold to buy with a target price 510p. Advanced Medical Solutions: Canaccord Genuity shifts target price from 94p to 101p and keeps a hold recommendation. African Barrick Gold: Nomura r
Read moreSerco's 2013 profits hurt by criminal tagging scandal
4th Mar 2014 07:45
- Criminal tagging scandal hurts profits - Revenues rise on 2012 contracts - 2014 profit and revenue forecast to fall - Dividend lifted 4.5 per cent Serco's 2013 profits tumbled 62 per cent to 102.6m pounds, reflecting the costs relating to the scandal over its criminal tagging contract with the UK
Read moreTuesday newspaper round-up: BP, RBS, ECB
4th Mar 2014 06:54
The fifth appeals court of New Orleans ruled on Monday that BP will have to restart what the company terms "absurd" payouts to people and firms who were not even negatively impacted by the 2010 Gulf of Mexico oil spill. BP had argued that a compensation committee had misinterpreted the original agre
Read moreFTSE 250 movers: Electra rises after Sherborne acquires 10 per cent stake
28th Feb 2014 15:31
Shares in Electra Private Equity rose strongly after Sherborne Investors Management bought a 10 per cent stake in the trust. The investment was made through its Guernsey-registered investment vehicle. Serco Group rose after it was revealed Rupert Soames, the Chief Executive Officer of FTSE 100-lis
Read moreAggreko CEO unveils move to Serco
28th Feb 2014 07:39
Rupert Soames, the Chief Executive Officer (CEO) of FTSE 100-listed Aggreko, has announced his plan to step down from the group to take up the same role at Serco Group. After 11 years at the helm, he is due to leave the company on April 24th. Aggreko, which supplies power generators and temperatu
Read moreFriday broker round-up UPDATE
14th Feb 2014 10:26
Assura Group: Liberum Capital shifts target price from 44p to 44.40p and retains a buy recommendation. Barclays: Credit Suisse lowers target price from 270p to 260p and keeps a neutral rating. Bellway: Panmure Gordon raises target price from 1520p to 1639p and maintains a buy recommendation. UBS i
Read moreFTSE 250 movers: Supergroup shares keep advancing
6th Feb 2014 15:42
The share price of Imagination Technologies rocketed higher on Thursday morning after US tech giant Apple extended a 'multi-year, multi-use licence agreement' with the chip designer. The contract gives Apple access to Imagination's range of current and future PowerVR graphics and video IP cores, the
Read moreThursday broker round-up UPDATE
6th Feb 2014 09:23
ARM Holdings: HSBC reduces target price from 1120p to 1080p and stays with its overweight rating. Avon Rubber: WH Ireland raises target price from 650p to 765p and stays with its buy recommendation. Balfour Beatty: Liberum Capital ups target price from 300p to 350p retaining its buy recommendation
Read moreTuesday broker round-up UPDATE
4th Feb 2014 09:20
Alumasc: FinnCap ups target price from 142p to 167p and retains its buy recommendation. Barratt Developments: Barclays increases target price from 444.7p to 471.2p and keeps an overweight rating. Bellway: Barclays raises target price from 1498.1p to 1552.6p, but keeps an underweight rating. Berke
Read moreMonday broker round-up UPDATE
3rd Feb 2014 09:18
Advanced Computer Software: Panmure Gordon shifts target price from 132p to 139p and keeps a buy recommendation. AGA Rangemanager: Canaccord Genuity initiates with a target price of 300p and a buy recommendation. Avon Rubber: Canaccord Genuity initiates with a target price of 720p and a hold recom
Read moreFTSE 250 movers: Serco recovers after profit warning slump
31st Jan 2014 15:16
Serco regained some of yesterday's losses, which saw shares dive as investors reacted to a profit warning in which the company predicted that 2014 profits would fall as much as 20 per cent short of the 277m pounds that the market had expected. Domino's Pizza was another high riser after saying tha
Read moreFriday broker round-up UPDATE
31st Jan 2014 09:43
Aberdeen Asset Management: Berenberg cuts target price from 555p to 530p staying with its buy recommendation. Amlin: Canaccord Genuity moves target price from 420p to 430p reiterating a hold recommendation. ARM Holdings: Credit Suisse cuts target price from 1150p to 1100p and reiterates an outperf
Read moreLondon close: Diageo leads markets lower after choppy session
30th Jan 2014 17:00
- Diageo slumps after H1 miss, BSkyB jumps - Economic data comes in mixed - Fed cuts monthly asset purchases by 10bn dollars - Emerging-market volatility continues to weigh on sentiment techMARK 2,780.43 +0.45% FTSE 100 6,538.45 -0.09% FTSE 250 15,701.80 +0.09% UK markets finished slightly lower o
Read moreFTSE 250 movers: Serco dives after warning on profits
30th Jan 2014 14:55
Shares in Serco plunged after the group issued a profit warning in which it predicted that 2014 profits would fall as much as 20 per cent short of the 277m pounds that the market had expected. The support services group said it now expected 2013 revenue to fall by a mid-single digit percentage. Howe
Read moreSerco plunges 15 per cent, currency movements will hit results - Alert
30th Jan 2014 11:24
Shares of services outsourcing company Serco are plunging by 14.5 per cent after the company warned that currency movements will hit results. As of 11:08 shares of the firm were trading down by 14.8% to the 434p mark and were to be found at the bottom of the FTSE 250. -- More to follow -- A
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