Broker tips: Premier Oil, Flybe, St James's Place
18th Nov 2016 13:27
(ShareCast News) - Jefferies upgraded Premier Oil to 'buy' from 'hold', keeping the price target at 88p, as it reckons the company's full debt refinancing will go through. Premier said on Thursday that was in the final stages of negotiations with its banks and private bondholders on its refinancing.
Read moreBofA Merrill upgrades St James's Place to 'buy'
18th Nov 2016 10:18
(ShareCast News) - Bank of America Merrill Lynch upgraded St James's Place as it took a look at the insurance sector on Friday, reversing some of its post-Brexit conservatism in the wake of a significant rise in bond yields. It upped St James to 'buy' from 'neutral' and lifted the price target to 1,
Read moreWednesday broker round-up
26th Oct 2016 17:40
(ShareCast News) - FirstGroup: Goldman Sachs keeps at buy with a target price of 168p. Esure: Berenberg stays at sell, 238p target. Anglo American: Deutsche Bank reiterates hold with a 965p target. Intertek: UBS reiterates buy with a 4100p target. Sainsbury: Goldman Sachs reiterates sell with a 1
Read moreWednesday newspaper share tips: GKN, St.James´s Place
26th Oct 2016 16:38
(ShareCast News) - GKN continued to outperform its markets over the latest nine-month period and its acquisition of Fokker looks to have been another clever deal, like the purchase of Volvo Aero in 2012, but it´s time to take profits, The Times´s Tempus said. There are also the fruits of its cost-re
Read moreSt. James´s Place reports 21% jump in third quarter gross inflows
25th Oct 2016 07:20
(ShareCast News) - St.James´s Place reported a 21% rise in gross inflows for the latest three-month stretch to reach £2.8bn, with the political uncertainty after the referendum not having had any distinguishable impact on its day-to-day business. The asset manager said it had seen good momentum sinc
Read moreFTSE 100 movers: house builders, miners sag as easyJet firms
19th Aug 2016 14:32
(ShareCast News) - London's FTSE 100 tiptoed lower as a string of house builders sagged amid lingering concerns about the UK real estate market, and several miners slumped alongside metals prices. House builders were led lower by Persimmon, Taylor Wimpey and Barratt Developments, investors exiting t
Read moreSector movers: Electricals advance, beverages slip
27th Jul 2016 14:35
(ShareCast News) - Electronic & electrical equipment was among the top-performing FTSE 350 sectors on Wednesday, with constituents Renishaw and Morgan Advanced Materials rising on earnings news. Engineering firm Renishaw reported a 44% slump in full-year pre-tax profit to £80m as revenue fell due to
Read moreSt James's Place H1 profit slips but dividend lifted
27th Jul 2016 07:30
(ShareCast News) - Wealth manager St James's Place reported a drop in first-half pre-tax profit but lifted its dividend and reported record net inflows. For the six months to 30 June, IFRS pre-tax fell to £97m from £103.7m in the same period last year. The group said its underlying performance was o
Read moreTuesday 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
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