Tuesday broker round-up
20th Mar 2012 10:04
Aggreko: Credit Suisse raises target from 2,140p to 2,350p, neutral rating kept. ARM Holdings: BarCap upgrades from equal weight to overweight, target lifted from 700p to 725p; Investec upgrades from hold to buy, target lifted from 640p to 800p. Centrica: Nomura raises target from 340p to 350p, n
Read moreFriday broker round-up - UPDATE
24th Feb 2012 09:36
Lloyds Banking Group: Nomura keeps reduce rating and 35p target; Credit Suisse keeps neutral rating and 33p target. Royal Bank of Scotland: Nomura reiterates reduce recommendation and 26p target. RSA Insurance: Nomura downgrades from buy to neutral, target reduced from 148p to 120p; UBS keeps long
Read moreThursday broker round-up - UPDATE
23rd Feb 2012 08:31
Bodycote: Credit Suisse raises price target on Bodycote to 380p from 350p. Royal Bank of Scotland: Nomura keeps reduce rating and 26p target. British American Tobacco: Nomura maintains buy rating and 3,320p target. RSA Insurance: Nomura reiterates buy rating and 148p target. Anglo American: Alp
Read moreWednesday broker round-up - UPDATE
22nd Feb 2012 09:32
Vodafone: Credit Suisse cuts target from 175p to 170p, outperform rating kept. Vedanta Resources: Credit Suisse maintains neutral rating and 1,400p target. AMEC: UBS raises target from 1,225p to 1,325p, buy rating unchanged; Nomura raises target from 1,130p to 1,240p, buy rating unchanged. HSBC:
Read moreRecord year for St James's Place
22nd Feb 2012 08:52
St James's Place said 2011 was a record year on many counts for the wealth management firm. "I am pleased to report another record year for St James's Place in terms of new business, operating profits and funds under management as we celebrate our 20th anniversary," said Chief Executive, David Bell
Read moreThursday broker round-up - UPDATE
19th Jan 2012 09:52
Tesco: Goldman Sachs downgrades to neutral from buy. Morrison: Goldman reiterates sell. Sainsbury: Goldman downgrades to sell from neutral. Tobacco (sector): Nomura downgrades sector view from bullish to neutral. Tesco: AlphaValue downgrades to add from buy, raises target to 402.90p from 401.4
Read moreFUM up 6% at St James's Place
19th Jan 2012 07:59
FTSE 250 wealth management group, St. James's Place, saw a 6% rise in funds under management (FUM) to £28.5bn in the year ended December 31st. During the twelves months, the firm retained 95 % of exisiting clients' funds and achieved a net inflow of FUM of £3.3bn, compared to £3.0bn the previous y
Read moreTuesday broker round-up - UPDATE
17th Jan 2012 09:15
IMI: Exane BNP upgrades to outperform from neutral. Smiths Group: Exane BNP upgrades to outperform from neutral. RBS: Shore Capital upgrades to hold from sell. Oriel reiterates buy. RSA Insurance: UBS labels short-term buy. Resolution: UBS upgrades to buy from neutral. Burberry: Nomura main
Read moreSector movers: Old Mutual boosts life insurers after Nordic sale
15th Dec 2011 15:01
Life insurance stocks were on the rise on Thursday afternoon, helped by FTSE 100 savings, investment and insurance group Old Mutual. Shares in Old Mutual roared higher on Thursday after announcing that it is to sell its Nordic business Skandia AB for £2.1bn in an effort to "reduce complexity" and p
Read moreLondon close: Financials lower as euro fears persist
14th Nov 2011 16:40
Financials led the decline on Monday, bearing the brunt of Eurozone contagion fears. All eyes were on the bond market as yields on Italian and Spanish debt crept higher. ALL EYES ON BOND MARKETS The Italian Treasury met its target after issuing €3bn in five-year debt today, and while demand improv
Read moreSector movers: Insurers head lower
14th Nov 2011 16:09
Insurers were among the worst performers of the day, as the broader financial sector was weighed down by concerns over rising bond yields in Italy and Spain. FTSE 100 life insurance peers Prudential, Legal & General and Resolution were among the heaviest fallers on the blue chip index, while Phoeni
Read moreBroker tips: Tate & Lyle, Homeserve, St James's Place
3rd Nov 2011 12:41
Panmure Gordon has raised its target price for sweeteners firm Tate & Lyle from 615p to 645p after the group's first half profits beat expectations. Pre-tax profit rose by 38% from £136m to £180m, ahead of consensus estimates of £163m. As such, Panmure's pre-tax profit forecasts for the current y
Read moreBroker snap: UBS downgrades St James's Place on cautious outlook
3rd Nov 2011 10:29
UBS has downgraded FTSE 250 wealth management group St James's Place from buy to neutral, saying that yesterday's solid quarterly update is overshadowed by an cautious outlook. Shares took a hit on Wednesday after the firm said that funds under management (FUM) were down over the three months ended
Read moreFTSE 250 Movers: Paragon rising high
2nd Nov 2011 14:33
Buy-to-let mortgage specialist Paragon was rising high after reporting that it continues its resurrection with plans to securitise around £150m of its mortgage book to raise fresh funds to lend out to landlords. Meanwhile the computing firm Logica has seen its share price nose dive 8.4% today as i
Read moreFUM down at St James's Place
2nd Nov 2011 13:22
Wealth management group St James's Place saw its share price take a dip after its funds under management was down over the three months ended 30 September. The firm said that the fall in global stock markets seen during the quarter (FTSE 100 down around 14%) was the main reason why funds under man
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