Monday broker round-up
6th Aug 2012 08:26
AstraZeneca: UBS ups target from 3,500p to 3,600p, buy rating kept. Berkeley: Investec raises target from 1,500p to 1,560p, buy rating kept. Catlin: Nomura reiterates buy rating and 506p target. Centrica: Deutsche Bank downgrades to hold from buy, target cut from 365p to 320p. Falkland Oil and G
Read moreLondon close: Stocks surge despite US data
2nd Jul 2012 16:44
- Markets eye BoE and ECB policy decisions - US ISM data disappoints - Chinese, UK PMIs beat expectations The FTSE 100 finished near its best levels of the day on Monday as investors shrugged off disappointing US economic data and looked ahead to upcoming policy decisions in Europe and the UK with
Read moreFTSE 100 movers: Aviva rises on restructuring
2nd Jul 2012 16:01
Shares in Aviva leapt on Monday following reports which emerged over the weekend which are saying the insurance giant is set to sell or wind down between 10 and 15 of its 58 businesses. Barclays, the bank which last week was given a £290m fine for manipulating interbank lending rates, was another
Read moreLondon midday: Footsie advances as Barclays rebounds
2nd Jul 2012 11:41
- Better-than-expected manufacturing data from Asia - Eurozone jobless rate at all-time high - UK manufacturing PMI beats forecasts London's blue-chip index held on to gains on Monday morning with Barclays leading the risers as it continues to rebound after last week's sharp falls. Economic data f
Read moreLondon open: Asian data lifts stocks early on
2nd Jul 2012 08:30
- Chinese, Japanese data comes in better than expected - RBS falls on Libor issues - Barclays Chairman resigns London's blue chips edged higher on Monday morning after manufacturing data in China and Japan boosted sentiment. China's purchasing managers' index (PMI) fell from 50.4 to 50.2 last mont
Read moreSerco offloads German business
2nd Jul 2012 07:11
Serco, the international services company, has signed an agreement to dispose of most of its operations in Germany in a transaction with the local management team. On June 29th, most of the business was transferred in return for net nil cash consideration. Serco Germany was originally established
Read moreLondon close: Global stocks surge after EU agreements
29th Jun 2012 16:30
- Major breakthrough at EU summit - Equity markets rocket across the globe - Another banking scandal hits Barclays London blue chips rallied on Friday on the back of developments at the EU summit overnight, as analysts hailed the agreements as a major breakthrough. The agreements include: the Euro
Read moreLondon midday: Summit developments catch markets by surprise
29th Jun 2012 12:01
- EU leaders announce measures to combat crisis - Spanish, Italian bond yields tumble - Banks involved in another scandal Markets across Europe celebrated this morning what most experts consider to have be surprising 'breakthrough' agreements from the first day of the European Council summit. The
Read moreLondon open: Stocks jump on summit developments
29th Jun 2012 08:45
- EU leaders make break-through agreements - FSA reveals another banking scandal - Banks rise after yesterday's sell-off The FTSE 100 surged in early trading on Friday on the back of developments at the EU summit after European leaders issued a joint statement after the first day of discussions. L
Read moreLondon pre-open: FTSE to soar after EU agreement
29th Jun 2012 07:37
City sources predict the FTSE 100 will open up 102 points from yesterday's close of 5,493, after the EU made a surprise agreement to allow banks to use the Eurozone's bailout funds to boost the region's struggling banks. Following more than 12 hours of discussions in Brussels, the 'breakthrough' dea
Read moreSerco completes disposal of division to AMEC
29th Jun 2012 07:09
International outsourcing firm Serco has completed the disposal of its Technical Services business to engineering giant AMEC for a total of 137m pounds. Serco said it saw limited future revenue growth for TS in a highly competitive market, "where future growth is likely to be more orientated toward
Read moreKofax director earns over a million shares
28th Jun 2012 16:22
William Comfort, a Non-Executive Director of Kofax, a provider of capture driven process automation solutions, has received over a million shares in the company in exchange for the redemption of his interest in Conversion Capital Master. Comfort received a consideration of just over 1.1m shares, va
Read moreWednesday broker round-up
27th Jun 2012 09:20
Alliance Pharma: Investec downgrades from buy to hold, target slashed from 34p to 25p. APR Energy: Credit Suisse keeps outperform rating and 1,300p target. Aviva: Jefferies downgrades from buy to hold, target cut from 386p to 281p. Avanti Comms: Jefferies retains buy rating and 600p target. Brit
Read moreLondon open: Stocks edge higher ahead of EU summit
27th Jun 2012 08:24
- Caution ahead of the EU summit - Merkel still against eurobonds - Chinese stimulus speculation does the rounds Stocks rose moderately on Wednesday morning though the mood was still cautious with the focus on the upcoming EU summit in Brussels. "With European equity markets having been confined t
Read moreFTSE 100 movers: Shire jumps into top spot on upgrades
26th Jun 2012 15:28
Shire leapt into the top spot, rebounding after a heavy sell-off the day before on the back of generic competition issues surrounding its ADHD drug, Adderall XR. The firm was given a lift by Panmure Gordon, Berenberg and Societe Generale, who all upgraded their ratings on the stock. Speciality che
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