Wednesday broker round-up
28th Aug 2013 08:09
African Barrick Gold: Nomura takes target price from 155p to 250p and reiterates its buy recommendation. Antofagasta: Deutsche Bank cuts target price from 1050p to 1035p and retains a hold recommendation. JP Morgan reduces target price from 1005p to 975p, while its neutral rating remains unchanged.
Read moreOcado co-founder, Dignity CEO trim stakes in companies
2nd Aug 2013 16:00
Ocado's co-founder Jason Gissing has sold more than three million pounds worth of shares. It is the first time he has sold shares since the online grocer floated in July 2010 and follows a meteoric climb in the share price this year. The family trust that holds his shareholding for him sold 1.07
Read moreThursday tips round-up: Severn Trent, Smiths Group, Barclays
18th Jul 2013 06:36
Severn Trent's stocks have plunged since rebuffing a potential bid by Long River Partners, a consortium led by Borealis Infrastructure Management, which offered £21.25 a share for the group last month. The offer was at a premium of about 28 per cent to the group's regulatory asset base (RAB), which
Read moreSevern Trent pays price for rebuffing bid approach
17th Jul 2013 07:56
Severn Trent revealed 19m pounds of costs for repelling an offer for the company as it said trading was in line with expectations. The UK water company rebuffed three approaches from Canadian consortium LongRiver Partners from early May to June 11th. "In addressing this approach, the board of Sev
Read moreLondon close: Markets suffer another sell-off as sentiment remains fragile
24th Jun 2013 16:41
Markets suffered another heavy sell-off on Monday, sending the FTSE 100 to levels not seen since the start of the year, as concerns over a slowdown in China and last week's Federal Reserve policy meeting continuing to hit markets across the globe. London's FTSE 100 finished the day down 87 points,
Read moreFTSE 100 movers: Miners fall on concerns over Chinese slowdown
24th Jun 2013 14:13
Mining stocks were again bearing the brunt of the market-wide sell-off on Monday on concerns over slowing growth in China after Goldman Sachs cut its growth forecasts for the powerhouse for this year and the next. Vedanta, Antofagasta, Glencore Xstrata and Anglo American were all registering moderat
Read moreLondon close: All eyes on tonight's Fed meeting
19th Jun 2013 17:17
UK markets gave back Tuesday' slight gains as traders continued to take positions, or stay on the side lines, ahead of the all-important policy decision - and accompanying market reaction - from the US Federal Reserve due out later this evening. "Bernanke has two key messages that he wants to get a
Read moreFTSE 100 movers: BAE Systems, ITV, Sainsbury, Polymetal
19th Jun 2013 14:26
BAE Systems climbed the FTSE 100 ladder following reports that long-awaited orders from Gulf states for Eurofighter Typhoon jets may arrive this year. ITV advanced after the TV broadcaster announced it was acquiring a controlling stake in Thinkfactory Media, a US producer of reality, entertainment
Read moreLondon midday: Markets cautious as eyes remain fixed on Fed
19th Jun 2013 12:01
A decline in risk appetite meant that UK markets were in the red on Wednesday morning ahead of the all-important policy decision from the Federal Reserve due out later this evening. "Attention is firmly on the Fed's monetary policy decision and press conference later, with investors clearly concern
Read moreLondon open: Stocks fall as investors brace for Fed meeting
19th Jun 2013 08:09
Following strong gains the day before, markets opened lower on Wednesday morning as investors paused for breath in anticipation of the Federal Reserve policy decision due out this evening. "Despite the tranche of economic data due today, investors will probably be focused on Fed Chairman Ben Bernan
Read moreTuesday newspaper round-up: Liberty, Co-op Bank, Severn Trent
18th Jun 2013 06:48
Liberty Global has entered the bidding for Kabel Deutschland, the Financial Times reported. The media group, controlled by John Malone, has put in a potential offer that would top a price tabled by Vodafone last week and value Germany's largest cable operator at about 7.5bn euros. People familiar wi
Read moreNew Renold boss shows his faith after buying 1.5m shares
17th Jun 2013 16:26
Robert Purcell, the newly-appointed boss of engineering group Renold, bought one and a half million shares in the company less three weeks after the firm revealed that it had swung into the red in its annual results. The firm, which supplies industrial chains and power transmission products, said t
Read moreFTSE 100 movers: Mining, property stocks gain as traders 'buy on the dip'
14th Jun 2013 14:25
A calmer session on financial markets prompted decent gains in the mining and property sectors on Friday, as bargain-hunters moved in to 'buy on the dip' after the recent volatility hit both sectors hard. Anglo American, Glencore, Antofagasta, Vedanta and Randgold led the resources sector higher to
Read moreThursday tips round-up: RBS, Severn Trent, Xcite Energy
13th Jun 2013 08:36
Shareholders in Royal Bank of Scotland (RBS) face even more uncertainty now that Mr.Hester is abandoning the top job at RBS. Yes, the lender will probably manage to turn a profit this year of 2bn pounds, versus net losses of 24bn pounds during the year he started. However, his successor will need to
Read moreThursday broker round-up UPDATE
13th Jun 2013 07:01
African Barrick Gold: Citi moves target price from 175p to 124p and maintains a sell recommendation. ASOS: Nomura raises target price from 2970p to 3400p keeping a neutral rating. Exane increases target price from 4200p to 5000p and retains its outperform rating. Citi ups target price from 4400p to
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