Monday broker round-up
10th Sep 2012 09:13
Barclays: UBS raises target from 205p to 235p, buy rating unchanged. Chariot Oil & Gas: Peel Hunt downgrades to sell, target cut from 150p to 40p; Merchant Securities downgrades to sell, target cut from 232p to 29p. Debenhams: Seymour Pierce raises target from 80p to 100p, hold rating kept. Euras
Read moreSSE gets the wind up at Greater Gabbard
7th Sep 2012 14:34
SSE has hailed a major milestone at its wind farm at Greater Gabbard in the Thames Estuary, as all 140 turbines have been commissioned. Greater Gabbard Offshore Winds Limited (GGOWL), a 50-50 joint venture between SSE and German outfit RWE npower renewables, is now responsible for the operation fo
Read moreJanet network upgrade contract goes to SSE
6th Sep 2012 15:57
Utilities provider SSE has won the gig to provide 650 kilometres of fibre backbone to more than 30 sites connected to the Janet research and education network. The 10-year contract is worth £30m to SSE subsidiary SSE Telecommunications, and will support the development of the next generation fibre
Read moreFTSE 100 movers: Miners lead the risers
31st Aug 2012 14:33
Mining stocks were making gains on Friday, rebounding after bearing the brunt of 'risk-off' trade over the past few days. Even including today's rally, average share prices in the mining sector are down 3.4 per cent over the week. Potential merger partners Glencore and Xstrata were performing well
Read moreLondon midday: Waiting to see what's up Bernanke's sleeve
31st Aug 2012 11:40
- All eyes on Bernanke - Merkel asks Italy to delay bailout request - Redrow Chairman makes takeover approach The Footsie had moved into positive territory by Friday lunchtime following three straight days in the red, though gains were only mild as investors showed caution ahead of a pivotal speec
Read moreBroker tips: IAG, SSE, BHP Billiton
31st Aug 2012 11:36
Credit Suisse has reduced its target price for British Airways and Iberia owner International Consolidated Airlines Group, otherwise known as IAG, saying that consensus forecasts for 2013 look 'very vulnerable'. "We reduce our target price from 160p to 140p as valuation support dissipates for the s
Read moreBroker snap: UBS upgrades SSE to 'buy'
31st Aug 2012 09:24
Utilities giant SSE is enjoying 'better growth at lower risks', according to UBS which upgraded its recommendation for the stock from 'neutral' to 'buy' on Friday morning. "Thanks to a well balanced asset mix and its UK location, SSE is well positioned to benefit from the UK's renewable generation
Read moreFriday broker round-up
31st Aug 2012 09:21
Admiral: Nomura raises target from 1,300p to 1,350p, buy rating kept. Anglo American: Nomura cuts target from 2,200p to 2,100p, neutral rating kept. BHP Billiton: Nomura cuts target from 2,100p to 2,000p, buy rating kept. Catlin: Morgan Stanley downgrades to equal weight, target cut from 495p to
Read moreLondon open: Tentative start ahead of Bernanke speech
31st Aug 2012 08:32
- All eyes turn to Bernanke - Mining stocks wanted early on after recent losses - Redrow Chairman makes takeover approach Stock markets across Europe have been rather subdued over the past few days and the opening hour of Friday's session was no different as investors continued to show caution ahea
Read moreLondon close: Markets nervous ahead of Jackson Hole
29th Aug 2012 16:39
- Stocks look to Jackson Hole summit for a boost - Draghi hints at action ahead of ECB meeting - Glencore leads fallers on growing opposition to merger Global stock markets were mostly trading in the red on Wednesday afternoon in spite an upwards revision to US economic growth as investors showed c
Read moreSector movers: SSE lights up electricity stocks after broker upgrade
29th Aug 2012 15:04
Gains for heavyweight utilities group SSE meant that the electricity sector was the best performing category on Wednesday afternoon. The company announced late on that power generation at its Glendoe hydro electric scheme, near Loch Ness, has re-started three years after a rock fall occurred in one
Read morePower restarts at SSE's hydro electric scheme
29th Aug 2012 14:26
Utilities giant SSE has announced that power generation at its Glendoe hydro electric scheme, near Loch Ness, has re-started three years after a rock fall occurred in one of the tunnels. Three gigawatt hours (GWh) of electricity have already been produced and exported to the transmission network.
Read moreWednesday broker round-up -UPDATE
29th Aug 2012 09:38
888 Holdings: Investec upgrades from sell to buy target hiked from 18p to 95p. Advanced Medical Solutions: Singer Capital Markets upgrades to buy, target lifted from 80p to 82p. AstraZeneca: AlphaValue downgrades to reduce. Bunzl: Jefferies raises target from 835p to 860p, underperform rating kep
Read moreSector movers: SSE sparks electricity sector
22nd Aug 2012 16:25
Utility giant SSE was making gains on Wednesday afternoon, providing a lift to the electricity sector in London, after announcing that it has hiked its gas and electricity bills for customers. Prices for SSE's household customers in the UK are to increase on average by nine per cent for both electr
Read moreSSE hikes gas and electricity bills
22nd Aug 2012 15:31
Prices for SSE's household customers in the UK are to increase on average by nine per cent for both electricity and gas from the middle of October. The company, which also trades as Scottish Hydro and Swalec, said five million electricity customers and 3.4 million gas customers would be affected by
Read more