Tuesday broker round-up UPDATE
12th Mar 2013 07:19
Abcam:Investec shifts target price from 484p to 487p and keeps a buy recommendation. Admiral Group: UBS ups target price from 1200p to 1275p and reiterates a neutral rating. Amlin: Westhouse Securities raises target price from 440p to 455p, but downgrades from add to neutral. Anite: Numis reduce
Read moreLloyds trims stake in St James's Place to bolster capital
12th Mar 2013 07:08
UK banking group Lloyds has trimmed its holding via a placing of shares in wealth management outfit St James's Place in an effort to strengthen its capital cushion. The lender place nearly 102m shares at 510p a share, raising gross proceeds of around £520m, trimming its stake from 57% to 37%. It wi
Read moreSt James's Place hikes divi by a third
28th Feb 2013 10:40
FTSE 250-listed St James's Place has posted a third successive year of 33 per cent dividend growth in its full-year results for the year ending December 31st. The company, which provides wealth management services, reported strong performance in EEV[ European Embedded Value] and IFRS [International
Read moreThursday broker round-up UPDATE
28th Feb 2013 07:19
AZ Electronic Materials: Goldman Sachs moves target price from 440p to 450p and retains a buy recommendation. Bovis Homes Group: Deutsche Bank shifts target price from 667p to 679p, while downgrading to hold. British American Tabacco: Investec places its target price (previously 3350p) and buy rec
Read moreTuesday broker round-up UPDATE
26th Feb 2013 07:27
Andor Technology: Investec shifts target price from 460p to 500p and keeps a buy recommendation. Associated British Foods: Nomura revises target price from 1790p to 1800p, while its neutral rating remains unchanged. Barclays: Espirito Santo raises target price from 346p to 418p and reiterates its
Read moreTuesday broker round-up UPDATE
19th Feb 2013 07:30
Admiral Group: Investec takes target price from 570p to 582p, but still recommends selling. Advanced Medical Solutions: Investec upgrades from hold to buy with a target price of 68p. African Barrick Gold: Canaccord Genuity reduces target price from 360p to 305p keeping a hold rating. Anglo Americ
Read moreBroker snap: Panmure Gordon ups target on RSA
18th Feb 2013 11:39
Analysts at Panmure Gordon have this morning issued a research note telling clients to 'hold' on to shares of non-life insurer RSA. In their view the company's valuation is fully up to speed, given the improving but still challenging trading conditions. In greater detail, they explain that RSA stil
Read moreFriday broker round-up UPDATE
25th Jan 2013 07:03
Aberdeen Asset Management: Goldman Sachs upgrades to buy with its target price at 360p. APR Energy: JP Morgan lowers target price from 1005p to 950p, while its overweight rating is left unchanged. Brooks Macdonald Group: Numis ups target price from 1400p to 1470p and retains a hold recommendation.
Read moreThursday broker round-up UPDATE
24th Jan 2013 08:20
Ashtead Group: Jefferies raises target price from 450p to 525p and keeps a buy recommendation. Aviva: Berenberg cuts target price from 480p to 470p, while retaining a hold recommendation. JP Morgan revises target price from 424p to 443p and maintains an overweight rating. Barr (AG): Societe Genera
Read moreNew investments up 13 per cent year-on-year at St James' Place
24th Jan 2013 07:19
FTSE 250-listed wealth management company St James' Place attracted 5.87bn pounds of total single investments in 2012, representing an increase of 13 per cent year-on-year, according to a business update issued by the group on Thursday morning. Total new business on an annual premium equivalent (AP
Read moreFriday broker round-up UPDATE
18th Jan 2013 07:53
Aberdeen Asset Management: UBS ups target price from 370p to 440p maintaining a buy rating. JP Morgan shifts target price from 479p to 498p and keeps an overweight rating. Numis raises target price from 400p to 430p, while its add rating remains unchanged. Afren: Nomura cuts target price from 185p
Read moreBroker snap: Investec reviews insurance sector after Retail Distribution Review
7th Jan 2013 10:56
Investec has labelled St James's Place and Standard Life as its top 'buys' as part of its review the insurance sector. Meanwhile, it has upgraded its rating for Legal & General (L&G) from 'sell' to 'hold' and downgraded RSA from 'hold' to 'sell'. "The outlook in the UK is clouded by the introduct
Read moreThomas Cook Chairman makes purchase following results disappointment
29th Nov 2012 16:48
The non-executive Chairman of Thomas Cook, the FTSE 250 travel company, has made a show of faith in the group as full-year losses widened on higher fuel costs and write-downs. Frank Meysman, who became Chairman one year ago, bought 100,000 shares at 24.57p a time for a total of £24,570. The comp
Read moreLondon close: Sandy aftermath and Eurozone concerns sink stocks
31st Oct 2012 16:37
The resumption of trading on Wall Street after a two-day closure and a meeting of Eurozone finance ministers was enough to weigh on London's stock market on Wednesday, not to mention some sharp falls from heavy hitters BG Group and Barclays. US benchmarks re-opened in the red today after Hurricane
Read moreFTSE 250 movers: St James's Place rises on FuM increase
31st Oct 2012 15:43
Wealth management group St James's Place rose strongly after reporting a six per cent increase in funds under management (FuM) in the third quarter as it reported good growth in new business despite the continuing macroeconomic uncertainty. Energy company Essar was higher after gaining permission
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