FTSE 100 movers: Sports Direct shares dive
8th Apr 2014 14:41
Sporting goods retailer Sports Direct sunk sharply after it was reported that Founder Mike Ashley is selling 200m pounds-worth of shares, taking his stake from 62 per cent to 58 per cent. Goldman Sachs said it will place up to 24m shares acquired from MASH Holdings, Ashley's investment vehicle, wi
Read moreWednesday broker round-up UPDATE
2nd Apr 2014 08:48
Aberdeen Asset Management: Canaccord Genuity reduces target price from 540p to 460p, while its buy recommendation is kept. Anglo American: JP Morgan ups target price from 1260p to 1300p, while leaving its underweight rating unchanged. Aviva: JP Morgan raises target price from 528p to 570p maintain
Read moreFTSE 100 movers: Babcock gains on nuclear contract
31st Mar 2014 14:00
Babcock International Group was the top riser on Monday after confirming the UK government has chosen the engineering company to manage the decommissioning of 12 nuclear sites. Rio Tinto and Anglo American gained after Credit Suisse named the companies as its top picks in the metals and mining sec
Read moreFTSE 100 movers: Insurers and miners at polar ends of index
28th Mar 2014 14:45
Insurance groups were hit by the news the FCA is planning to look into 30m insurance policies sold between the 1970s and 2000 on the back of concerns that they may have contained 'unfair' terms continue to push insurance companies sharply lower. The policies are reportedly worth 150bn pounds. The
Read moreFriday tips round-up: Ophir Energy, Insurance sector
21st Mar 2014 07:18
Ophir Energy's remaining 20 per cent Tanzania stake is being valued at half of what the other 20 per cent was hived off for towards the end of last year. In fact, it is owed and should soon receive 1.25bn dollars from Pavilion Energy for the stake which it acquired. That comes on top of another 667m
Read moreTuesday broker round-up UPDATE
4th Mar 2014 09:37
Abcam: Numis cuts target price from 560p to 510p downgrading from add to hold. Amlin: Deutsche Bank shifts target price from 484p to 491p and keeps a hold recommendation. Arrow Global: Canaccord Genuity shifts target price from 300p to 309p maintaining a buy recommendation. Numis moves target pric
Read moreFTSE 250 movers: Intl Personal Finance rises on profit jump
26th Feb 2014 13:56
International Personal Finances shares jumped in today's session after its profit came in slightly ahead of expectations. Profit before tax leapt 24 per cent, prompting a 20 per cent increase to the dividend. Despite this, Panmure Analyst, Keith Baird, said: "Regulatory threats remain the chief risk
Read moreWednesday broker round-up UPDATE
26th Feb 2014 08:54
Anglo Pacific: FinnCap cuts target price from 279p to 216p, downgrades to hold. Ashmore Group: UBS reduces target price from 405p to 355p, while leaving its buy recommendation unchanged. Jefferies cuts target price from 475p to 375p, while its buy recommendation is kept. Barclays lowers target pric
Read moreWednesday tips round-up: St James Place, Croda, President Energy
26th Feb 2014 07:20
Investing in a single stock is disliked by many investors, yet the share price appreciation seen in St James's Place easily outpaces the performance of almost any fund manager. The stock has run up by two thirds over the past year and yesterday jumped by another five per cent following better than e
Read moreFTSE 250 movers: Ashmore dives as profits sink by a third
25th Feb 2014 15:30
Asset manager Ashmore was at the bottom of the pile after its first-half profits fell by a third as it counted the cost of investor wariness over emerging markets against a backdrop of the US winding down its bond-buying stimulus programme. The news prompted Canaccord to downgrade the stock to 'hold
Read moreBroker tips:St.James Place, Croda, Ashmore
25th Feb 2014 11:50
Shore Capital has reiterated its 'buy' stance on financial advisory firm St James's Place after the company reported an 'excellent' set of final results. The broker, which set a price target 795p, said 2013 results highlight that "in financial terms the company is going from strength to strength",
Read moreShore Capital reiterates 'buy' on St James's Place after 'excellent' 2013 results
25th Feb 2014 10:59
Shore Capital has reiterated its 'buy' stance on financial advisory firm St James's Place after the company reported an 'excellent' set of final results. The broker, which set a price target 795p, said 2013 results highlight that "in financial terms the company is going from strength to strength",
Read moreSt James Place set to buy Asian firm as profits rise 42 per cent
25th Feb 2014 08:48
Wealth management group St James's Place said it was close to finalising the purchase of an Asian financial advisor business as it reported a 42 per cent increase in profits before shareholder tax of 190.7m pounds for 2013. Operating profits on an European Embedded Value (EEV) basis were £462.7m,
Read moreFriday broker round-up UPDATE
24th Jan 2014 08:35
Aberdeen Asset Management: Morgan Stanley reduces target price from 492p to 393p and downgrades from equal-weight to underweight. Afren: Morgan Stanley moves target price from 210p to 220p retaining an overweight rating. Ashmore Group: Morgan Stanley cuts target price from 410p to 365p and reitera
Read moreThursday broker round-up UPDATE
23rd Jan 2014 09:12
Afren: Investec ups target price from 170p to 200p and maintains a buy recommendation. AG Barr: Investec raises target price from 585p to 620p retaining an add rating. Canaccord Genuity ups target price from 630p to 650p and keeps a buy recommendation. Arbuthnot: Numis downgrades from add to hold
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