Serco 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
Read moreFTSE 100 movers: IMI climbs on upbeat report
16th Nov 2012 15:27
Engineering giant IMI gained after saying that second-half trading has been in line with expectations so far in spite of some expected weakness in the Fluid Power division. Serco rose strongly after it delivered the anticipated pick-up in performance in the second half and said it is on track to m
Read moreLondon midday: Footsie nears four-month low
16th Nov 2012 11:34
- Footsie near levels not seen since end of July - 'Fiscal cliff' and Greek uncertainty clouds the markets - Melrose drops 13 per cent After a fairly subdued start, UK stocks had sunk firmly into negative territory for the third straight day, owing to some heavy falls from Melrose, the banks and re
Read moreFriday broker round-up -UPDATE
16th Nov 2012 07:22
Anglo American: Deutsche Bank cuts target price from 2600p to 2520p and reiterates a buy rating. Atkins: JP Morgan Cazenove reduces target price from 862p to 859p, overweight rating maintained. Bodycote: Investec raises target price from 400p to 410p, buy recommendation remains unchanged. Brammer
Read moreLondon pre-open: FTSE set to edge lower in early trading
16th Nov 2012 07:14
City sources predict the FTSE 100 will open down three points from yesterday's close of 5,678, as investors process the news that the Eurozone has re-entered recession, and worries over the looming 'fiscal cliff' persist. The US President is meeting with Democratic and Republican congressional lea
Read moreSerco sees second-half rebound
16th Nov 2012 07:03
Serco has delivered the anticipated pick-up in performance in the second half and is on track to meet full year expectations. The outsourcing specialist expects conditions to remain challenging in the US but further improvement is expected in its UK markets, while strong performances from its Afric
Read moreFriday preview: Serco under pressure to deliver second half rebound
15th Nov 2012 16:10
Outsourcing firm Serco updates the market on third quarter trading and has a hard act to follow after sector peer Capita's upbeat statement on Tuerday. At the halfway point of the year, Serco announced a 2% like-for-like decline in revenue but said this should turn round in the second half to an 8%
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