Tuesday broker round-up
19th Jul 2016 12:59
(ShareCast News) - Micro Focus: Barclays reiterates overweight with a target price of 2150p. Aggreko: HSBC maintains reduce with a 900p target. ARM: Citigroup reiterates neutral with a 1700p target. IAG: HSBC reiterates reduce with a 300p target. Pearson: Goldman Sachs reiterates sell with a targ
Read moreTravel&leisure stocks and financials lead gains
1st Jul 2016 14:43
(ShareCast News) - Travel stocks led the way higher at the end of the week as the Footsie advanced towards its largest weekly gain since December 2011, with stock in TUI at the top of the leaderboard but with shares in InterContinental Hotels Group and Carnival close behind as they recovered from fa
Read moreWednesday broker round-up
29th Jun 2016 18:09
(ShareCast News) - Petrofac: Jefferies upgrades to buy with a target price of 835p and Societe Generale stays at buy with a target price of 921p. Thomas Cook: JP Morgan keeps at neutral with a 101p target. Standard Life: HSBC keeps at buy with a target price of 360p and Barclays reiterates equal-we
Read moreFTSE 100 movers: RBS and Tesco lead strong rally
24th May 2016 15:05
(ShareCast News) - The FTSE 100 shrugged off an early dip to put on a strong gain over Tuesday's session as Brexit odds lengthened, oil prices strengthened and a banking sector tracking expectations of a US rate rise higher. With an hour to go before the close, the blue chip index was up 1.1% at 6,2
Read moreFinancials lead gains as interest rate curves steepen, pound pops higher
18th May 2016 19:36
(ShareCast News) - Financials led gains in London, over on the Continent and across the Pond too, as interest rate futures continued to progressively - albeit only modestly - price-in a higher probability of a US central bank rate hike in the very near-term, perhaps as soon as the next month. As of
Read moreWednesday broker round-up
27th Apr 2016 15:32
(ShareCast News) - BP: Barclays reiterates overweight with a 550p target, Credit Suisse keeps at underperform with a target of 330p, Cannacord stays at buy with a 420p target and Exane BNP Paribas reiterates neutral with a target of 350p. Cambian Group: Canaccord downgrades to hold with a 91p target
Read moreLondon pre-open: Stocks seen touch higher as oil recovers
26th Apr 2016 07:38
(ShareCast News) - London stocks were expected to open a little higher on Tuesday as oil prices recovered. The FTSE 100 was seen starting 12 points higher than Monday's close at 6,272. "European equity markets are currently on course to open a little higher but these gains are marginal and at this
Read moreSt James's Place Q1 gross inflows up 16%
26th Apr 2016 07:01
(ShareCast News) - Wealth manager St James's Place said first quarter gross inflow of funds under management increased by 16% to £2.45bn from £2.11bn. Net inflows grew to £1.36bn from £1.32bn bringing group funds under management £62bn compared with £55.8bn a year ago. "Against a backdrop of contin
Read moreSector movers: Financials, oil pace advance
16th Mar 2016 21:18
(ShareCast News) - The 2016 Budget left analysts divided about whether the Chancellor would be able to meet his targets for reducing the public deficit in this parliament, but for diversified financials St.James's Place and Hargreaves Lansdown the new measures he unveiled were a clear positive, acco
Read moreFTSE 100 movers: Budget takes wealth managers, house builders higher
16th Mar 2016 14:54
(ShareCast News) - The FTSE 100 was higher in afternoon trading on Wednesday, as investors digested the Chancellor's lunchtime Budget statement. Wealth manager St James's Place led the risers, after Chancellor of the Exchequer George Osborne set out measures in the Budget to boost home ownership and
Read moreSector movers: Financials pace gains, led by Aviva
11th Mar 2016 18:44
(ShareCast News) - Financials led gains at the end of the week in a delayed reaction to the barrage of easing measures unleashed by the European Central Bank in the previous session. On 10 March, the ECB ramped up its policy stimulus, which appeared to be crafted so as to stoke lending to the real e
Read moreFTSE 100 movers: Miners gain but HSBC slumps on Bernstein note
29th Feb 2016 13:47
(ShareCast News) - London's FTSE 100 index was down 0.3% to 6,075.39 at 1525 GMT, as investors weighed up disappointment that the G20 meeting did not yield a coordinated stimulus effort against the People's Bank of China's move to cut the reserve requirement ratio. HSBC was in the red after Bernstei
Read moreSt. James's Place's profit drops despite positive results
25th Feb 2016 08:25
(ShareCast News) - Despite a mostly positive set of results, St. James's Place's profit before tax has dropped 17.3%. The FTSE 100 wealth management company said that for the year to 31 December 2015, operating profit on a European embedded value basis was up from £596.4m to £660.2m. The company's
Read moreAnalysts upbeat on Hargreaves Lansdown's outlook, but valuation seen as generous
3rd Feb 2016 13:43
(ShareCast News) - Analysts appeared to remain generally upbeat on the prospects for Hargreaves Lansdown despite the small 'miss' by the financial products supermarket on its first half profits when compared with market expectations. For analysts at Nomura, the Bristol-based firm continued to be wel
Read moreSt James's Place bucks market trend with net inflows up 14%
21st Jan 2016 07:51
(ShareCast News) - Wealth fund manager St James's Place bucked the trend of market volatility reporting a 14% rise in net inflows to £5.09bn.Retention of client funds was 95% and funds under management were up 13% for the year to £58.6bn. Gross inflows were up 17% at £9.24bn for the full year, boost
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