Wednesday broker round-up UPDATE
22nd Jan 2014 08:33
Admiral Group: Numis raises target price from 1425p to 1710p upgrading from add to buy. African Barrick Gold: Deutsche Bank moves target price from 180p to 190p and keeps a hold recommendation. RBC Capital takes target price from 220p to 250p and maintains an outperform rating. JP Morgan ups target
Read moreMonday broker round-up UPDATE
20th Jan 2014 08:41
Admiral Group: Canaccord Genuity raises target price from 1160p to 1400p and upgrades to hold. African Barrick Gold: Westhouse Securities lowers target price from 170p to 160p and downgrades to sell. Alkane Energy: Liberum Capital downgrades to hold with a target price of 44p. Allocate Software:
Read moreMonday broker round-up UPDATE
13th Jan 2014 09:04
Admiral Group: Citi ups target price from 1220p to 1256p and reiterates a neutral rating. Afren: Nomura increases target price from 170p to 210p and stays with its neutral rating. Alternative Networks: Westhouse Securities increases target price from 445p to 540p reiterating its add rating. Amlin
Read moreBroker tips: Miners, Outsourcers, M&S, Cineworld
10th Jan 2014 11:21
2014 could initially be 'another difficult period' for the UK mining sector, according to analysts at Barclays, who maintained their 'negative' view on the industry on Friday. In a research note to clients, the bank said that "key issues" of 2013 - negative earnings growth, minimal free cash-flow (
Read moreBroker snap: UBS upgrades Capita, downgrades Serco
10th Jan 2014 09:51
Outsourcing group Capita was performing well on Friday morning after UBS raised its recommendation for the stock, while sector peer Serco was hit by a ratings downgrade by the same Swiss bank. UBS said that Capita has good earnings prospects with strong results in 2013 underpinning estimates this y
Read moreSerco wins contract extension in Canada
10th Jan 2014 08:11
Serco Group, the FTSE 250 international service company, has been awarded a two-year contract extension by Public Works and Government Services Canada on the Goose Bay agreement. Under the contract, which has been extended to March 2016, Serco provides non-military operation and maintenance site
Read moreSerco extends TfL cycle hire contract
9th Jan 2014 09:31
Services giant Serco Group has extended its Transport for London (TfL) contract by another two years, meaning it will now operate the Barclays Cycle Hire Scheme until July 2017. The two-year extension is valued at £38m. Since it was awarded the contract in 2009, Serco has implemented two expansi
Read moreBroker tips: Next, Serco, Asset managers
3rd Jan 2014 11:27
Nomura has upgraded its rating for Next from 'neutral' to 'buy' after a bullish trading update on Friday, saying that the company has shown 'consistent execution'. Its target price for the stock has been hiked from 5,380p to 6,500p. "In our view, Next's strong delivery stems from its high hurdle ra
Read moreBroker snap: Panmure expects 'clean bill of health' for Serco in 2014
3rd Jan 2014 11:01
Panmure Gordon has chosen Serco as a key pick for 2014, saying that it expects the outsourcing company to be given a clean bill of health following a tough year. Analyst Mike Allen said he believes there is scope for Serco to recover some of its "dramatic underperformance from last year" as its rel
Read moreLondon close: Stocks rise as authorities monitor house prices
23rd Dec 2013 16:14
- Cable calls attention to rising house prices in London and South East - John Lewis sees sales pick up in latest week - Economists react positively to personal spending US data Market Movers techMARK 2,761.72 +0.89% FTSE 100 6,678.61 +1.09% FTSE 250 15,741.67 +0.67% The Footsie registered a lar
Read moreFTSE 250 movers: Merlin Entertainments, Serco, Vedanta
23rd Dec 2013 13:57
Merlin Entertainments was pushed lower by news that a blaze which broke out at the Chessington World of Adventures Resort, southwest of London, forced the outfit to close the theme park. Serco has made positive steps to rebuilding its reputation with the UK government after winning a contract exten
Read moreBroker tips: Serco, Berkeley Group, IFG
23rd Dec 2013 13:34
Serco has made positive steps to rebuilding its reputation with the UK government after winning a contract extension with the Minister of Justice (MoJ), according to Panmure Gordon. The service group expanded its contract to build and run an extension to HMP Thameside in south-east London, worth a
Read moreLondon midday: Investors waiting on latest batch of US data
23rd Dec 2013 11:45
- Cable urges BoE to raise interest rates - Strong on-line sales at John Lewis in latest week - US data releases in focus Market Movers techMARK 2,738.07 +0.03% FTSE 100 6,625.19 +0.28% FTSE 250 15,629.66 -0.04% The FTSE 100 was holding moderately higher come midday following a strong close to tra
Read moreBroker snap: Serco a 'buy' after MoJ contract extension, says Panmure
23rd Dec 2013 10:53
Serco has made positive steps to rebuilding its reputation with the UK government after winning a contract extension with the Minister of Justice (MoJ), according to Panmure Gordon. The service group expanded its contract to build and run an extension to HMP Thameside in south-east London, worth a
Read moreSerco wins extension to Australian immigration contract
23rd Dec 2013 07:15
- Secures six-month contract extension with Australian government - Maintained a consistently high performance in 2013 Government contractor Serco said it has secured a six-month extension to its contract with the Australian Government Department of Immigration and Border Protection (DIBP) for the
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