Thursday broker round-up UPDATE
30th Oct 2014 08:36
Afren: Deutsche Bank cuts target price from 130p to 110p retaining its hold recommendation. Antofagasta: JP Morgan lowers target price from 760p to 755p and reiterates a neutral rating. Investec lowers target price from 717p to 704p and keeps a hold recommendation. Balfour Beatty: Jefferies cuts ta
Read moreWednesday tips round-up: BG Group, Synthomer
29th Oct 2014 19:52
While BG Group waits for its new chief executive, Chris Finlayson, to arrive next spring the company's financials are heading in the wrong direction. A case in point, underlying earnings for the third quarter were off sharply, falling by nearly 30% to $759m. Over the first nine months of the year th
Read moreFTSE 250 movers: Vedanta climbs on bauxite hopes
29th Oct 2014 15:42
Diversified metals and mining major Vedanta Resources was higher after chairman Anil Agarwal said the problems with bauxite supplies to its Lanjigarh aluminium refinery in three or four month's time. "The state government has assured us that they are working on 2-3 alternative bauxite mines for our
Read moreFTSE 250 movers: African Barrick lifted by broker comment as Synthomer slides after profit warning
28th Oct 2014 11:21
African Barrick Gold climbed after Westhouse Securities moved its target price from 230p to 240p, keeping its 'add' rating. Renishaw extended Monday's gains, which came after it revealed that it now expects to continue to experience the revenue growth seen in its first quarter in the second half of
Read moreTuesday broker round-up UPDATE
28th Oct 2014 09:18
Afren: Credit Suisse lowers target price from 132p to 115p staying with its outperform rating. African Barrick Gold: Westhouse moves target price from 230p to 240p and keeps an add rating. Anglo American: Investec reduces target price from 1603p to 1588p and keeps a buy recommendation. APR Energy:
Read moreLondon open: UK stocks rise, but Lloyds and StanChart fall
28th Oct 2014 08:54
Despite some heavy falls from banking heavyweights Lloyds and Standard Chartered, UK stocks advanced on Tuesday morning as the FTSE 100 rebounded from a one-week low. London's benchmark index was up 0.6% at 6,404 in early deals, helped by decent gains from oil major BP. The Footsie closed at 6,363.
Read moreSynthomer delivers profit warning on weak European demand
28th Oct 2014 07:58
Essex-based chemicals business Synthomer delivered a profit warning to investors on Tuesday, saying that the demand momentum in Europe seen earlier in the year had tailed off. The FTSE 250 company, which develops polymers for consumer products, now expected full-year pre-tax profit to be "slightly b
Read moreSynthomer snaps up remaining half of Azko Nobel joint-venture
22nd Oct 2014 15:14
Chemicals group Synthomer has completed bought out joint venture Akzo Nobel's share of Eka Synthomer Oy, a Finnish paper latex producer. The FTSE 250 group paid €5m to purchase the remaining 50% of Eka Synthomer that it did not own. Synthomer and Azko Nobel joined forces behind the Finnish vehicle
Read moreLondon close: FTSE ends higher as markets rebound
17th Oct 2014 16:50
The FTSE ended Friday's session on a positive note after a week of volatile and largely negative trading. The top tier index settled 114.38 points higher at 6,310.29, limiting the week's losses to 32.63, or 0.51%. "In London equities are finishing the week on a positive note as Greek bond yields re
Read moreFTSE 250 movers: Oil stocks gain momentum as crude prices rebound
17th Oct 2014 15:40
A continued rebound in crude prices on Friday saw firms in the oil services sector rise after the price of the commodity collapsed over the past few weeks. Ophir and Enquest were both strong risers. Fears about an oversupply of oil saw West Texas Intermediate (WTI) crude drop below $80 a barrel this
Read moreAshmore's canny co-founder Booth sells down stake further
16th Oct 2014 15:55
Company directors were in bargain-hunting mode on Thursday, with the exception of emerging market investment management group Ashmore, where one director and one departed founder both sold shares. With the company already trading around four-year lows, finance director Tom Shippey strangely sold £16
Read moreLee goes bargain hunting at Synthomer as yield adds attractions
15th Oct 2014 16:51
Director Lee Hau Hian has bought a further raft of shares in FTSE 250 chemicals company Synthomer, after its shares had fallen to a 12-month low in the wake of mixed interim results recently. Lee, who has been a director on and off since 1993, bought £131,606 at 189.5p and £57,772 at 189.1p. The sh
Read moreThursday broker round-up UPDATE
28th Aug 2014 09:24
Antofagasta: Investec lowers target price from 720p to 719p and retains a sell recommendation. Arrow Global: Canaccord Genuity moves target price from 318p to 325p and keeps a buy recommendation. Numis downgrades from buy to add with a target price of 285p. Balfour Beatty: Berenberg moves target p
Read moreTuesday broker round-up
26th Aug 2014 10:16
Bioquell: N+1 Singer upgrades from hold to buy with an unchanged target price of 112p. Investec cuts target price from 133p to 98p, while upgrading from hold to add. Circle Oil: Investec moves target price from 50p to 70p and maintains a buy recommendation. Clinigen Group: N+1 Singer ups target pr
Read moreTuesday broker round-up UPDATE
12th Aug 2014 09:25
African Barrick Gold: Investec ups target price from 212p to 260p upgrading from sell to hold. Al Noor Hospotals: Jefferies cuts target price from 1155p to 1125p and maintains a buy recommendation. Aquarius Platinum: Citi shifts target price from 22p to 26p and keeps a neutral rating. BHP Billito
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