Friday broker round-up UPDATE
22nd Mar 2013 08:48
Afren: Nomura shifts target price from 175p to 180p keeping a neutral rating. ASOS: Nomura increases target price from 2000p to 2630p, while reiterating a neutral rating. Betfair: Panmure Gordon takes target price from 761p to 813p and leaves its buy recommendation unchanged. Brewin Dolphin Holdi
Read moreFTSE 100 movers: Next rises on profit increase
21st Mar 2013 15:04
UK retailer Next leapt into the top spot after posting a rise in full year profits, boosted by growth in online sales and business expansion. Pre-tax profits climbed by 9.0% to £621.6m for the year to the end of January 2013, compared to £570.3m a year earlier. AstraZeneca was up after making th
Read moreSector Movers: SSE lifts electricity sector higher
21st Mar 2013 14:39
SSE was lifting the electricity sector higher on Thursday after the company reported changes to existing thermal generation capacity expected during the 2013/2014 financial year. Across Britain, SSE currently owns or has a stake in over 4,300 megawatts (MW) of gas and oil-fired generation capacity
Read moreSSE unveils review of thermal generation operations
21st Mar 2013 11:56
FTSE 100-listed electricity and gas company SSE has reported changes to existing thermal generation capacity expected during the 2013/2014 financial year. Across Britain, SSE currently owns or has a stake in over 4,300 megawatts (MW) of gas and oil-fired generation capacity, over 4,300MW of coal-fi
Read moreFTSE 100 movers: Miners continue to decline on Eurozone fears
19th Mar 2013 14:50
Mining stocks were dominating the fallers list today as risk appetite waned, with Evraz leading the way and Rio Tinto and BHP Billiton both hit by a downgrade by Goldman Sachs. Precious metals group Fresnillo dropped after Deutsche Bank cut its rating from 'hold' to 'sell', saying that the current
Read moreLondon close: FTSE 100 hits a new high for the year
5th Mar 2013 16:11
UK equity markets charged higher on Tuesday, driven by comments from the US Federal Reserve, Services data, and a raft of upbeat company reports. Janet Yellen, the Vice Chair of the Board of Governors of the Federal Reserve, said on Monday that she believed the Fed needs to continue with its month
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 moreRolls Royce director sells stake worth almost two million pounds
4th Mar 2013 14:52
The President and Chief Executive Officer of Rolls-Royce North America, James Guyette, on Friday sold 1.966m pounds-worth of shares in the global power systems company, just two weeks after it delivered a 24 per cent leap in annual profits. Guyette, who was appointed to the board in January 1998,
Read moreMonday broker round-up UPDATE
11th Feb 2013 07:41
Aquarius Platinum: Deutsche Bank shifts target price from 82p to 83p keeping a buy recommendation. AstraZaneca: JP Morgan cuts target price from 2970p to 2750p and retains an underweight rating. Avation: WH Ireland ups target price from 120p to 140p, while its buy recommendation is kept. Bellway:
Read moreThursday newspaper round-up: HSBC, Anglo Irish Bank, UK deficit...
7th Feb 2013 06:54
HSBC's biggest ever restructuring had been necessary to simplify the bank's complex structure which had made it attractive to money-laundering criminals, its chief executive said. Stuart Gulliver said HSBC's structure "was not fit for purpose for a modern world", adding that the restructure he launc
Read moreWednesday broker round-up UPDATE
6th Feb 2013 10:12
ARM Holdings: Investec ups target price from 900p to 940p, maintaining its hold recommendation. JP Morgan increases target price from 540p to 625p and retains a neutral rating. UBS moves target price from 900p to 930p, while its neutral rating is reiterated. Espirito Santo raises target price from 8
Read moreSSE agrees to sell four wind farms
6th Feb 2013 07:55
Energy group SSE said Wednesday that it has agreed a deal under which it will sell four wind farms, which have a total generation capacity of 79.5MW, to a new fund managed by Greencoat Capital, which plans to list on the London Stock Exchange. The farms will be sold for a total cash consideration
Read moreLondon midday: AstraZeneca, Shell provide a drag on the Footsie
31st Jan 2013 11:36
A host of FTSE 100 heavyweights disappointed with earnings reports on Thursday morning, as market sentiment was still fragile after yesterday's shock economic contraction in the States. The world's largest economy shrank by 0.1% in the last three months of last year, a stark contrast to the 3.1% gr
Read moreLondon open: FTSE 100 slips on mixed corporate earnings
31st Jan 2013 08:18
The FTSE 100 slumped in early trading on Thursday with heavyweight stocks AstraZeneca, Diageo, Shell and Vedanta providing a drag after disappointing the market with results. Stocks were also tracking US and Asian markets lower after yesterday's news that the US contracted in the fourth quarter of
Read moreLondon pre-open: FTSE expected to drop in early trade
31st Jan 2013 07:28
City sources predict the FTSE 100 will open down 19 points from yesterday's close of 6,323, tracking declines seen in the US and Asia overnight. The main US equity benchmarks finished the day trading slightly lower, following the announcement of a surprise drop in fourth quarter 2012 gross domesti
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