Broker snap: Savills gains after UBS upgrade
23rd Apr 2013 10:26
Savills was performing well on Tuesday morning after UBS upgraded its stance on the stock from 'neutral' to 'buy', saying it sees further upside from a global real-estate recovery. The broker said it has turned more positive on Savills following some near-term share price weakness - before Tuesday,
Read moreLondon close: Stocks gain on US data, but Cyprus still in focus
26th Mar 2013 16:42
Strong economic data from the States lifted stocks in afternoon trade on Tuesday, but UK markets remained rangebound with one eye kept firmly on Cyprus. US durable-goods orders grew at a 5.7% clip in February from a month earlier, well ahead of the 3.9% increase forecast by the consensus. Meanwhile
Read moreSector movers: Savills weighs on real estate sector
26th Mar 2013 15:33
High Street estate agents Savills was providing a drag on the real estate sector on Tuesday on rumours of a stake sale. Various news sources had cited traders as saying that Credit Suisse was placing nearly eight million shares in Savills at up to 545p each, below Monday's close of 576p. Shares w
Read moreFriday tips round-up: Savills, Playtech
15th Mar 2013 07:16
Yesterday´s results showed that global property services group Savills is flourishing, much as large swathes of the UK property market are, says The Times´s Tempus. Particularly worth noting is the firm´s growth in the Asia-Pacific region, as yesterday´s results revealed. In China, for example, it i
Read moreLondon pre-open: Stocks to inch higher following gains in the US
14th Mar 2013 07:28
City sources predict the FTSE 100 will open up three points from yesterday's close of 6,482, tracking gains seen in the US overnight. The main US equities edged higher Wednesday as US retail sales in February beat forecasts. Commerce Department figures revealed retail purchases jumped 1.1%, twice
Read moreStellar year for Savills
14th Mar 2013 07:10
Real estate adviser Savills reported a strong set of full year results, boosted by improving markets and strategic acquisitions. The FTSE 250 firm said pre-tax profit jumped 36% to £54.2m for the year ended December 31st while underlying pre-tax profit rose 21% to £60.8m. Revenue for the year gaine
Read moreFTSE 250 movers: Centamin hit by target price cut
20th Feb 2013 15:26
Centamin fell after Goldman Sachs cut its target price on the stock from 160p to 130p. Savills, an estate agent, made decent gains after sector peer Countrywide said it plans to re-list its shares in anticipation of a UK property market recovery. This also prompted a rise amongst housebuilders, wi
Read moreTuesday broker round-up UPDATE
12th Feb 2013 07:24
AMEC: Exane BNP initiates with a target price of 1140p and an underperform rating. Anglo American: Goldman Sachs increases target price from 1500p to 1550p, while keeping a sell recommendation. Barclays: Nomura reiterates reduce. Charles Stanley reiterates hold. Investec reiterates buy, with price
Read moreWednesday broker round-up UPDATE
9th Jan 2013 09:11
African Barrick Gold: Deutsche Bank reduces target price from 520p to 490p and reiterates a hold recommendation. Nomura cuts target price from 525p to 435p and downgrades from buy to neutral. African Minerals: Deutsche Bank increases target price from 606p to 620p and maintains a buy rating. AMEC:
Read moreLondon close: Footsie closes at worst levels since July
16th Nov 2012 16:37
- Stocks shaken by Middle-East tensions, reports of oil rig fire - US lawmakers class 'cliff' discussions as 'constructive' - Greek haircut worries dent sentiment The FTSE 100 sunk to its lowest level since July on Friday as rising tensions in the Middle East, Eurozone debt concerns and the worries
Read moreFTSE 250 movers: Bodycote provides warm glow
16th Nov 2012 16:00
Investec raised its target price on Bodycote from 400p to 410p after the world's largest thermal processing services provider bragged of sales momentum in October and thus far in November. Unhelpful exchange rate fluctuations have put the brakes on revenue growth in the second half of the year, how
Read moreFriday broker round-up -UPDATE
16th Nov 2012 07:22
Anglo American: Deutsche Bank cuts target price from 2600p to 2520p and reiterates a buy rating. Atkins: JP Morgan Cazenove reduces target price from 862p to 859p, overweight rating maintained. Bodycote: Investec raises target price from 400p to 410p, buy recommendation remains unchanged. Brammer
Read moreFTSE 250 movers: WS Atkins rises into top spot
15th Nov 2012 16:29
Design and engineering consultancy group WS Atkins jumped after it topped expectations with its interim profits, and signalled optimism for the future by announcing that it has resumed recruiting. Property consultancy Savills got off to a positive start on Thursday after announcing that its overal
Read moreSavills to beat full year expectations
15th Nov 2012 08:50
FTSE 250 property consultancy Savills got off to a positive start on Thursday after announcing that its overall underlying result for the full year will be slightly ahead of its original expectations. In the UK, investment activity has continued to be strong in the Central London market, but for th
Read moreWednesday broker round-up
15th Aug 2012 09:47
AB Foods: UBS raises target from 1,330p to 1,400p, buy rating unchanged. AVEVA: Jefferies ups target from 1,800p to 2,300p, buy recommendation maintained. Balfour Beatty: Investec maintains sell rating and 210p target. CLS Holdings: Peel Hunt ups target from 639p to 720p, hold rating kept. CRH:
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