Friday broker round-up UPDATE
8th Mar 2013 07:42
Advanced Computer Software Group: Canaccord Genuity raises target price from 80p to 108p and reiterates a buy recommendation. Aggreko: Jefferies raises target price from 2000p to 2200p keeping its buy recommendation. Cantor Fitzgerald takes target price from 2020p to 2200p and stays with its buy re
Read moreThursday broker round-up UPDATE
7th Mar 2013 07:25
Admiral: Nomura raises target price from 1350p to 1493p keeping a buy recommendation. African Barrick Gold: Nomura cuts target price from 435p to 200p and downgrades from neutral to reduce. Aggreko: Investec increases target price from 1750p to 1940p upgrading from hold to buy. Anglo American: No
Read moreWednesday broker round-up UPDATE
6th Mar 2013 07:03
Advanced Medical Solutions: Investec takes target price from 68p to 74p and maintains a buy recommendation. Aggreko: Citigroup reduces target price from 2550p to 2100p, while keeping a buy rating. Ashtead Group: Citigroup raises target price from 590p to 660p leaving its buy recommendation unalter
Read moreFTSE 100 movers: Serco in top spot
5th Mar 2013 14:20
British outsourcing group Serco was the strongest riser after revealing that full year revenue rose 5.7 per cent to 4.9bn pounds, underpinned by a strong performance in international markets. International energy services company Wood Group rose after it posted a 20% rise in revenue from continuin
Read moreLondon open: MPC expected to be watching services PMI data
5th Mar 2013 08:09
London stocks have begun the day higher, boosted by the strong showing seen overnight on Wall Street - on the back of dovish comments from US Fed Vice-Chairman Janet Yellen - and ahead of potentially key data expected to be released today, in the United Kingdom. At 09:30 Markit will release its se
Read moreExposure to international growth markets lifts revenue at Serco
5th Mar 2013 08:08
Revenue rose 5.7 per cent to 4.9bn pounds in the year ended December 31st at FTSE 100-listed British outsourcing group Serco, underpinned by a strong performance in international markets. In its annual results, issued on Tuesday, the group reported an adjusted operating profit of £214.8m, up 8.5% f
Read moreWeek ahead: Stage set for service sector PMIs and BoE
1st Mar 2013 16:56
The coming week will see the economic data flow ease up, although there are plenty of potentially market-moving events to watch out for. Foremost amongst those will be the monthly US employment report on Friday. It comes as investors are watching to see if consumption holds up Stateside following th
Read moreWednesday broker round-up UPDATE
27th Feb 2013 08:11
: Panmure Gordon reduces target price from 2159p to 1742p and reiterates its hold recommendation. Antofagasta: JP Morgan cuts target price from 1485p to 1400p, while retaining its overweight rating. Barclays: Numis raises target price from 351p to 400p and upgrades to buy. BT Group: UBS moves tar
Read moreLondon close: FTSE ends higher after US Fed comments
22nd Feb 2013 16:56
Markets returned to positive territory on Friday, with investors making the most of cheaper prices one day after the biggest single session decline this year. The index ended seven points up on the week. The main reason for the day's advance was the endorsement given by the President of the US Fe
Read moreFTSE 100 movers: Serco rises on target price shift
22nd Feb 2013 14:28
Serco Group was a strong riser after Citigroup shifted its target price from 670p to 680p reiterating a buy recommendation. The sale of Russian billionaire Mikhail Prokhorov's holding in Polyus Gold, a London-listed miner, has prompted speculation of a merger between Polyus and fellow miner Polyme
Read moreLondon midday: Gains intensify on the back of German data
22nd Feb 2013 12:11
The London market is holding higher, bouncing back strongly from Thursday's losses although miners have surrendered the lead to the likes of Melrose Industries and Serco. The main reason for the advance continues to be the endorsement given by the President of the US Federal Reserve bank of St.Loui
Read moreFriday broker round-up UPDATE
22nd Feb 2013 07:12
Antofagasta: RBC upgrades from underperform to outperform. Ashmore Group: Citigroup raises target price from 330p to 355p upgrading to neutral. JP Morgan ups target price from 361p to 413p and maintains a neutral rating. Babcock International: Citigroup revises target price from 965p to 1185p and
Read moreSerco makes exceptional gain of 51m pounds from DMS Maritime valuation
20th Feb 2013 09:07
Serco Group, the FTSE 100 international services company, said Wednesday that the required valuations for its recent purchase of DMS Maritime have been completed and are expected to result in a non-cash exceptional gain of 51m pounds. This gain will appear in the company's 2012 results. The overa
Read moreLondon close: Markets start 2013 in bullish mood
3rd Jan 2013 17:03
- Footsie jumps 150 points in two days - Markets react to mixed economic data - UK 10-year bond yields above two per cent London's blue-chip index was able to build on Wednesday's massive surge today in the aftermath of the fiscal cliff deal Stateside on New Year's Day. Market analyst Michael Hews
Read moreFTSE 100 movers: Serco makes strong gains after upgrade
3rd Jan 2013 15:22
Serco Group became a higher riser after the outsourcing company was upgraded by Espirito Santo. Compass Group, the contract caterer, was downgraded by the same broker, prompting shares to fall. Building materials group CRH fell after announcing that full-year development activity in 2012 totalle
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