Wednesday broker round-up:
8th Apr 2015 16:42
AstraZeneca: Morgan Stanley lifts target price to 4,500p from 4,300p, reiterates underweight. BG Group: Canaccord Genuity improves target price to 1,300p from 1,016p and downgrades to hold. GlaxoSmithKline: Deutsche Bank raises target price to 1,600p from 1,300p and reiterates hold. Tate&Lyle: Num
Read moreFTSE 100 movers: Next slumps on weak outlook, tobacco stocks lower
19th Mar 2015 13:44
Shares in Next slumped as the fashion retailer took a cautious view of the outlook for the 2015-2016 financial year, saying some of its collections are "not as strong as they were at this point last year". Tobacco stocks such as British American Tobacco and Imperial Tobacco Group were among the wors
Read moreLondon close: FTSE jumps 1.6% after business-friendly Budget, Fed meeting ahead
18th Mar 2015 16:41
Those expecting little market reaction to the Budget on Wednesday were probably left surprised, with stocks in the energy, financial, housing and consumer staples sectors leading the surge in London following George Osborne's statement. Dovish comments from Bank of England policymakers were also buo
Read moreTuesday broker round-up
3rd Mar 2015 16:59
St. James's Place: Morgan Stanley ups target to 1,097p from 963p while reiterating overweight stance. AO World: Cannacord Genuity lowers target to 170p from 220p and reiterates hold. British American Tobacco: Jefferies raises target to 4,440p from 4,140p and reiterates buy. Kaz Minerals: Exane BNP
Read moreLondon close: FTSE slips from record as Greek uncertainty resurfaces
25th Feb 2015 16:28
Renewed concerns about Greece prompted a retreat from all-time highs on Wednesday as investors scaled back their appetite for risk after a rally the previous session. London's FTSE 100 ended the day down 0.2% at 6,935.38, pulling back after hitting a new record close of 6,949.63 on Tuesday. Recent
Read moreFTSE 100 movers: St James's Place rockets on strong annual results, Weir slips on oil price outlook
25th Feb 2015 14:14
Wealth management group St James's Place topped the risers after it impressed City analysts on Wednesday with a solid set of annual results, as strong cash generation led it to hike its final dividend by 50%. Profits came in well ahead of the consensus forecast of £533m. Hospitality group Whitbread
Read moreBroker tips: BHP Billiton, Morrisons, St James's Place, Sky
25th Feb 2015 11:39
Investec has hiked its target price for mining giant BHP Billiton from 1,323p to 1,552p after first-half results on Tuesday impressed the market, though the broker still kept its 'hold' rating. "BHP Billiton has gone some way to regaining market favour by delivering a solid set of interim results, r
Read moreSt James's Place "very well positioned", says Berenberg
25th Feb 2015 10:43
The "strong performance continues" at St James's Place, according to Berenberg, after 2014 results from the wealth management group topped forecasts on Wednesday. The broker reiterated a 'buy' recommendation and 950p target price for the shares. Berenberg said St James's Place results "reflected a
Read moreSt James's Place beats profit forecasts and hikes final divi by 50%
25th Feb 2015 07:53
Wealth management group St James's Place (SJP) impressed City analysts on Wednesday with a strong set of annual results, as strong cash generation led it to hike its final dividend by 50%. "I am pleased to once again be reporting strong performance in all aspects of our business in 2014," said chief
Read moreSt James's Place funds under management rise to £52bn in 2014
22nd Jan 2015 08:59
St James's Place (SJP) saw a 17% boost in funds under management in 2014 to a record £52bn, thanks to better than expected investment performance, analysts at Numis pointed out. The firm issued a business update for the 12 months ending 31 December 2014. It noted that new single investments were up
Read moreLondon close: FTSE sinks 2.5%, extends weekly decline to 6.6%
12th Dec 2014 16:38
UK stocks plummeted to levels not seen in nearly two months on Friday as weak global economic data and an ongoing sell-off of crude oil hammered market sentiment. The FTSE 100 settled at just 6,300.63 by the end of trade, down an eye-watering 2.5% on the day, with just four constituents on the index
Read moreBroker tips: RBS, St James's Place, Supergroup, Henderson
31st Oct 2014 13:03
Third-quarter profits from RBS were well-received by the stock market in London on Friday, though brokers remained divided over how to recommend the stock to investors. Analysts warned that, despite the progress made in the third quarter, one-off costs will continue to be a drag on RBS' bottom line
Read moreSt James's Place shares rise as Barclays names stock as top pick
31st Oct 2014 12:51
St James's Place's (SJP) share price was extending gains on Friday after a strong third-quarter update the previous session, with Barclays Capital providing a boost after naming the wealth manager as its top pick within the European insurance sector. The stock was up nearly 4% at 740.75p by 12:43, a
Read moreFriday broker round-up UPDATE
31st Oct 2014 09:36
Afren: Deutsche Bank lowers target price from 110p to 105p, leaving its hold recommendation unaltered. Aviva: Barclays ups target price from 397p to 420p and reiterates its equal-weight rating. Barclays: Deutsche Bank lowers target price from 300p to 295p and leaves its buy recommendation. Country
Read moreFTSE 100 movers: Smith and Nephew rises after first quarter results
30th Oct 2014 16:14
Medical devices maker Smith & Nephew rose strongly after it posted a 3% increase in both revenue and profit for the third quarter, thanks to an improvement in its emerging and international markets units, recent product launches and investment in the sales force. On an underlying basis, turnover cli
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