Friday broker round-up UPDATE
13th Jun 2014 09:23
African Minerals: Deutsche Bank reduces target price from 316p to 249p maintaining a buy recommendation. Atkins: Numis ups target price from 1650p to 1700p and keeps a buy recommendation. JP Morgan reduces target price from 1619p to 1548p and reiterates its overweight rating. Ferrexpo: Deutsche Ba
Read moreSector movers: Utility stocks sink as water group Pennon underwhelms
3rd Jun 2014 14:28
The gas, water and the multi-utilities sector was under the weather on Tuesday on the back of a poor reaction to the latest results from water utility and waste management group Pennon. Shares in Exeter-based Pennon, which owns South West Water (SWW), were down 3% at 760p in afternoon trade despite
Read moreFriday tips round-up: Kingfisher, Severn Trent
30th May 2014 09:26
Kingfisher has been doing some of its own home repairs of late and it was sorely needed. The firm, under boss Sir Ian Cheshire, recently offloaded its German operations - over which it was unlikely to gain full control - and is attempting to buy-out French rival Mr.Bricolage. If it can generate suff
Read moreLondon midday: Smith & Nephew leads UK markets higher
29th May 2014 11:45
- FTSE 100 nears two-week high, S&P 500 to retest records - US GDP revisions due out this afternoon - Smith & Nephew extends gains amid M&A speculation - Kingfisher disappoints with Q1 results techMARK 2,815.99 +0.58% FTSE 100 6,872.56 +0.31% FTSE 250 16,017.89 +0.52% UK stocks were heading toward
Read moreLondon open: Stocks inch towards two-week high ahead of US data
29th May 2014 08:51
- Smith & Nephew up as M&A speculation continues - Kingfisher disappoints with Q1 results - FTSE 100 on track to hit two-week high - Chinese stimulus, US GDP in focus - Rates to rise "sooner rather than later", says MPC's Weale techMARK 2,803.00 +0.11% FTSE 100 6,866.03 +0.22% FTSE 250 15,947.93 +0
Read moreLondon pre-open: Modest rise expected as markets await direction from US GDP
29th May 2014 07:40
The FTSE is set for a modest rise early on in today's session after what has so far been a week of rangebound trading for markets, with investors continuing to seek firmer direction. Blue chips are expected to open five points higher than yesterday's close of 6,851.22, with gains likely to be limi
Read moreSevern Trent earnings in line as pricing plan deadline looms
29th May 2014 07:07
- EPS down but in line at 88.4p - Turnover up 1.4% to £1.86bn - PBIT up 4.3% to £516.8m UK water company Severn Trent reported earnings in line with consensus, although revenues were slightly short of expectations. With new Chief Executive Liv Garfield only having had her feet under the desk for j
Read moreSunday share tips: Severn Trent, Ladbrokes, Lloyds Banking
27th Apr 2014 08:35
Severn Trent investors have reasons to be annoyed after the water company's performance since rejecting a takeover bid, Danny Fortson argued in the Sunday Times. In his Inside the City column, Fortson said Severn's shares are almost a fifth lower than the 22 pounds offered by overseas investors a ye
Read moreSevern Trent and United Utilities respond to Ofwat review
17th Apr 2014 07:24
Severn Trent Water and United Utilities on Thursday said they were set to provide a business plan to regulator Ofwat amid a crackdown on water prices. Ofwat has launched a regulatory review of prices in the utility sector for the period 2015 to 2020. Severn Trent said it has continued a "constru
Read moreLondon close: FTSE down as Russian units spotted in Ukraine
15th Apr 2014 16:59
- FTSE closes down 42.15 points at 6,541.61 - Ukraine says Russian forces have entered the country - UK inflation falls to 1.6 per cent in March - German investor confidence falls for 4th month techMARK 2,630.91 -0.44% FTSE 100 6,541.61 -0.64% FTSE 250 15,590.50 -0.71% It was another negative fini
Read moreFTSE 100 movers: Royal Mail leads risers, miners slide lower
15th Apr 2014 14:00
Royal Mail shares were in the top spot in today's session, as investors await to hear the government's decision on whether to sell the remaining 30 per cent stake in the group now that the lock-up period has expired. According to the BBC, senior Tories are firmly in favour of a sale. Defensive stoc
Read moreThursday broker round-up UPDATE
3rd Apr 2014 09:05
Associated British Foods: Citi increases target price from 2350p to 3000p, while its neutral rating remains unchanged. Booker Group: Investec shifts target price from 172p to 178p retaining a buy recommendation. BSkyB: HSBC Holdings moves target price from 600p to 610p, while keeping its underweig
Read moreWednesday broker round-up UPDATE
5th Mar 2014 10:02
Abcam: Investec reduces target price from 552p to 480p and reiterates its buy recommendation. Numis upgrades from hold to buy with a target price 510p. Advanced Medical Solutions: Canaccord Genuity shifts target price from 94p to 101p and keeps a hold recommendation. African Barrick Gold: Nomura r
Read moreFootsie lifted by Eurozone GDP and miners
14th Feb 2014 16:12
- Eurozone GDP beats expectations - Fresnillo in top spot - UK construction output rises 0.2 per cent in Q4 techMARK 2,831.77 +0.28% FTSE 100 6,663.62 +0.06% FTSE 250 16,110.62 +0.51% The FTSE closed marginally higher today, lifted by figures which revealed better-than-expected growth across the E
Read moreFTSE 100 movers: Fresnillo rises on positive gold outlook
14th Feb 2014 14:18
Precious metals producer Fresnillo rose strongly today, lifted by a prediction from Capital Economics, which said it believes that despite the gold price rising almost 10 per cent since the start of 2014, bullion will see more gains over the course of the year. The research firm said that while th
Read more