FTSE 100 movers: Carnival drops after full-year revenue decline
20th Dec 2012 15:25
Carnival , the largest cruise company in the world, reported a fall in full-year revenues after what it called its most challenging year ever. Shares dropped nearly 6% on Thursday afternoon after the company reported that revenue came in at $15.4bn, down from $15.8bn previously. Leading the risers
Read moreBroker tips: Vodafone, Serco, Weir
20th Dec 2012 12:09
Nomura has kept its 'neutral' rating for telecoms group Vodafone, saying that the higher-than-expected costs from last week's Dutch spectrum auction raise more questions of the company's 'inflated' dividend. "Paying an inflated ordinary dividend has been discredited as a way to reward shareholders,
Read moreLondon midday: Stocks pause on 'fiscal cliff' concerns
20th Dec 2012 11:54
UK stocks traded broadly sideways on Thursday morning with 'fiscal cliff' uncertainty dashing hopes that a deal between US politicians can be struck before Christmas. Trade was cautious in London this morning with just 14 points separating the Footsie's intraday low and high. Stocks finished sligh
Read moreBroker snap: Serco's in a strong position, says Seymour Pierce
20th Dec 2012 10:11
Seymour Pierce has reiterated its 'buy' recommendation and 700p target price for outsourcing giant Serco following the firm's pre-close trading statement on Thursday. Serco said that it is on track to meet full-year estimates and is expecting "to deliver another year of strong revenue growth, inclu
Read moreLondon open: Stocks flat on 'fiscal cliff' uncertainty
20th Dec 2012 08:33
The FTSE 100 was trading little changed on Thursday morning, taking a pause after coming close to its 52-week high the day before, with US 'fiscal cliff' concerns acting as a drag on sentiment. "In scenes reminiscent of the debt ceiling debacle of 2011 US markets slid back last night as the impasse
Read moreLondon pre-open: Stocks to pull back on 'fiscal cliff' concerns
20th Dec 2012 07:28
Stocks are expected to pull back slightly on Thursday morning following two days of decent gains with concerns resurfacing over the US 'fiscal cliff' after the White House vetoed the Republicans' 'Plan B'. City sources predict the FTSE 100 will open down 13 points from yesterday's close of 5,962.
Read moreSerco on track for 2012
20th Dec 2012 07:06
Outsourcing giant Serco said it was on track to meet expectations for 2012 as it announced the sale of two operations at a loss. The firm said it expected to deliver a year of strong total revenue growth, including good organic growth. It also said it would post an increase in adjusted operating m
Read moreWednesday broker round-up UPDATE
5th Dec 2012 07:19
Anglo American: Morgan Stanley reduces target price from 2110p to 1802p and keeps an equal weight rating. Brewin Dolphin Holdings: Peel Hunt raises target price from 185p to 230p and maintains a buy rating. British Sky Broadcasting Group: Nomura raises target price from 950p to 975p and reiterates
Read moreFriday broker round-up UPDATE
30th Nov 2012 07:24
Aggreko: Berenberg initiates with a target price of 2010p and a hold recommendation. APR Energy: Berenberg starts with a target price of 610p and a sell recommendation. Babcock International Group: Berenberg initiates with a target price of 1180p and a buy recommendation. Barclays: UBS raises tar
Read moreWednesday broker round-up UPDATE
21st Nov 2012 07:10
Avocet Mining: Goldman Sachs downgrades from neutral to sell. Barr (AG):Numis upgrades to add with a traget price of 525p. British Land: Morgan Stanley raises target price from 540p to 570p and upgrades to overweight. Jefferies raises target price from 554p to 561p, hold recommendation maintained.
Read moreFTSE 100 movers: Barclays rises into first place on upgrade
19th Nov 2012 15:33
Barclays became the top performer after Goldman Sachs upgraded its recommendation to 'buy'. Its analysts wrote that: "Against a backdrop of a new senior management team and ongoing regulatory pressure, Barclays may announce plans to restructure its operations at the group's Strategy Review (Februa
Read moreBroker tips: HSBC, Serco, Ocado
19th Nov 2012 10:58
Investec has upgraded its rating for global banking giant HSBC from 'hold' to 'buy', saying that the downgrade cycle could finally be over. Investec has raised its target price for the stock from 590p to 630p. "From here, we expect outperformance versus Lloyds ('sell') and RBS ('sell')." Credit Su
Read moreBroker snap: Credit Suisse downgrades Serco to 'neutral'
19th Nov 2012 09:33
Credit Suisse has lowered its recommendation for outsourcing group Serco from 'outperform' to 'neutral', highlighting limited upside for the stock. Following last week's third-quarter trading update, Credit Suisse has reduced its 2012-14 earnings per share estimates by 2-6%. As such, the target p
Read moreMonday broker round-up UPDATE
19th Nov 2012 07:34
Aquarius Platinum: Nomura raises target price from 35p to 95p and upgrades from neutral to buy. Associated British Foods; Societe Generale upgrades to buy from hold. Atkins: Jefferies reduces target price from 850p to 800p, buy recommendation reiterated. Aveva: Panmure Gordon reduces target price
Read moreLondon close: Footsie closes at worst levels since July
16th Nov 2012 16:37
- Stocks shaken by Middle-East tensions, reports of oil rig fire - US lawmakers class 'cliff' discussions as 'constructive' - Greek haircut worries dent sentiment The FTSE 100 sunk to its lowest level since July on Friday as rising tensions in the Middle East, Eurozone debt concerns and the worries
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