Wednesday 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 moreFTSE 100 movers: Xstrata rises despite Glencore CEO's comments
21st Aug 2012 14:45
Shares in Xstrata were higher throughout the day despite Glencore CEO Ivan Glasenberg saying that the proposed merger of the two companies is "not a must-do deal". Speaking to Dow Jones Newswires, he said: "If we don't do it now, we can do it in the future." Glencore was up after beating profit es
Read moreSector movers: GKN leads autos higher
6th Aug 2012 16:23
Some robust car-sales data out this morning saw the automobiles and parts sector rise strongly on Monday afternoon, with engineering group GKN providing a lift. New UK car registrations rose for the fifth month in a row in July, posting the strongest figures of 2012 so far. Registrations rose 9.3%
Read moreFTSE 100 movers: RBS and Barclays move to the fore
6th Aug 2012 13:55
Royal Bank of Scotland is moving higher after The Sunday Times reported that Brazil´s Banco Itau could be sizing up the lender´s US operations. Those assets could fetch a price of 10bn pounds the paper reported. Barclays was also up on widespread reports that it is planning an overhaul of its bonu
Read moreLondon midday: Footsie rallies after early decline
6th Aug 2012 12:06
- Greece making progress - Monti warns of Eurozone break-up - M&S, Evraz, GKN provide a lift on the Footsie Following an early fall, the Footsie swung into the blue by Monday lunchtime on the back of improving newsflow from Greece. After a meeting between the Troika (European Commission, European
Read moreMonday 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 moreThursday broker round-up
26th Jul 2012 10:41
ARM: UBS ups target from 630p to 645p, buy rating kept. Bodycote: Investec cuts target from 410p to 355p, buy rating kept. BSkyB:Jefferies keeps hold rating and 700p target; Investec keeps hold rating and 680p target. Capita: Jefferies ups target from 750p to 795p, buy rating kept. Capital & Cou
Read moreSSE boosts customer numbers through acquisition
26th Jul 2012 10:06
SSE, the FTSE 100 utilities giant, has reported a year-on-year increase in the number of its electricity and gas customer in Great Britain and Ireland, from 9.55m to 9.66m, for the three months to the end of June, boosted by the 130,000 customers gained through the completed acquisition of Phoenix H
Read moreLondon close: US data halts rally late on
25th Jul 2012 16:25
- Gains pared after US housing data - Markets shrug off UK GDP, rise on Nowotny comments - ARM surges after Q2 results; Tullow disappoints in H1 Markets seemed to shrug off disappointing UK economic growth data this morning as they warmed to comments from a European Central Bank (ECB) policy-maker;
Read moreFTSE 100 movers: ARM leaps after beating market expectations
25th Jul 2012 15:58
Cambridge-based computer chip designer ARM Holdings beat market expectations with its second-quarter results, as demand for its intellectual property continues to make it a British technology success story. Outsourcing behemoth Capita advanced after saying it is confident of growing revenue this y
Read moreLondon midday: Footsie rallies despite poor UK GDP
25th Jul 2012 11:45
- UK deeper in recession - ARM jumps after beating expectations - Footsie bulls into the blue The Footsie pulled into positive territory by Wednesday lunchtime in spite of some miserable economic growth data in the UK. UK gross domestic product (GDP) figures released by the Office for National Sta
Read moreLondon open: Footsie nears one-month low as results disappoint
25th Jul 2012 08:44
- UK Q2 GDP data coming out soon - Footsie nears one-month low - BT, Johnson Matthey, Tullow and BATS disappoint The FTSE 100 index looks set to experience its fourth straight day in the red as concerns over the Eurozone outlook continue to dampen equity markets worldwide; investors in London will
Read moreLondon close: Global stocks surge as China concerns ease
13th Jul 2012 16:38
- Stocks surge on Chinese data - JPMorgan reports profit despite big trading loss - Moody's downgrades Italian credit rating Better-than-expected growth data from China and well-taken quarterly results from JPMorgan Chase & Co sent global stock markets soaring on Friday, as investors shrugged off a
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