Serco gets boost from UK govt but warns on 2014 profits
30th Jan 2014 11:22
Troubled support service group Serco took a step forward on Thursday in its bid to repair its damaged relationship with the UK government following contract problems, but its shares tumbled on a profit warning. Serco said the government had given the thumbs-up to the corporate renewal plan it launc
Read moreLondon midday: Stocks hold on to losses as investors weigh Fed, data
30th Jan 2014 11:20
- FTSE 100 at lowest since December 18th - Fed continues to taper, cuts bond purchases by 10bn dollars - Chinese PMI confirms manufacturing contraction - Updates from blue chips come in mixed techMARK 2,760.98 -0.25% FTSE 100 6,524.90 -0.30% FTSE 250 15,650.01 -0.24% The Federal Reserve's decision
Read moreFriday broker round-up UPDATE
24th Jan 2014 08:35
Aberdeen Asset Management: Morgan Stanley reduces target price from 492p to 393p and downgrades from equal-weight to underweight. Afren: Morgan Stanley moves target price from 210p to 220p retaining an overweight rating. Ashmore Group: Morgan Stanley cuts target price from 410p to 365p and reitera
Read moreLondon midday: Stocks slip on rate speculation as UK unemployment declines
22nd Jan 2014 11:30
- Markets pull back sharply after UK data - Fall in unemployment sparks rate speculation - Sage rises after confident update - RBS hit by UBS downgrade to 'sell' techMARK 2,852.20 +0.20% FTSE 100 6,825.74 -0.12% FTSE 250 16,130.75 -0.08% UK markets had erased gains by Wednesday lunchtime as concer
Read moreLondon open: Stocks gain ahead of UK data
22nd Jan 2014 08:48
- Markets at highest level since May 2013 - UK jobless data, MPC minutes in focus - Miners provide a lift but BHP subdued techMARK 2,859.42 +0.46% FTSE 100 6,856.45 +0.32% FTSE 250 16,203.07 +0.36% UK markets opened with moderate gains on Wednesday morning as the FTSE 100 continues to trade at its
Read moreWednesday 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 more