Monday broker round-up
21st Mar 2016 18:26
(ShareCast News) - Gulf Keystone: Canaccord downgrades to sell with a target price of 14p. B&M European: UBS reiterates buy, 350p target. Ascential: Goldman Sachs reiterates buy with a target price of 278p and Exane BNP Paribas stays at neutral with a target price of 250p. Premaitha Health: Panmur
Read moreLondon pre-open: Stocks seen lower as investors await fresh catalysts
21st Mar 2016 07:44
(ShareCast News) - London stocks are set to open lower on Monday as investors look for fresh catalysts at the start of a four-day week. The FTSE 100 is seen starting 28 points lower than Friday's close at 6,162. "The run up to the Easter Bank Holiday weekend is likely to be a quieter one both in te
Read moreSynthomer agrees to gobble up Hexion
21st Mar 2016 07:23
(ShareCast News) - FTSE 250 specialty chemicals company Synthomer announced the $226m (£156m) acquisition of Hexion Performance Adhesives & Coatings on Monday morning, to be completed this summer following regulatory approval and other conditions. The purchase - to be funded through existing cash an
Read moreTuesday broker round-up
8th Mar 2016 14:42
(ShareCast News) - South32: HBSC upgrades to buy with a target price of 85p. Capital & Counties Properties: Exane BNP Paribas downgrades to underperform. 348P target. Admiral Group: Nomura upgrades to buy with a target price of 2325p. Millennium & Copthorne Hotels: Berenberg downgrades to sell wit
Read moreThursday broker round-up
3rd Mar 2016 15:02
(ShareCast News) - ITV: Jefferies reiterates buy with a target price of 310p, Exane BNP Paribas keeps at neutral with a target of 250p, UBS stays at sell. 230P target and Nomura reiterates buy with a target price of 320p. Intertek: Deutsche Bank reiterates hold with a target price of 2700p and JP Mo
Read moreRecord earnings at Synthomer despite lower prices
2nd Mar 2016 08:15
(ShareCast News) - Depressed commodities prices pushed revenue down at Synthomer in 2015, but a focus on tight cost control saw the firm reporting some record numbers. The FTSE 250 company saw total sales, including its share of joint ventures, drop 9.7% during the year to £894m. Total volumes were
Read moreFTSE 250 movers: Tullett Prebon and ICAP acquisition talks boost market
6th Nov 2015 13:47
(ShareCast News) - The FTSE 250 is on track to finish the week on a high, with the market up 99.55 points (0.58%) mid-afternoon Friday to 17,216.68 points. Tullett Prebon and ICAP were the biggest risers on the back of confirmation that Tullett Prebon is in discussions regarding the possible acquisi
Read moreSynthomer's third quarter progress fails to impress as latex outlook blurs
6th Nov 2015 08:37
(ShareCast News) - Synthomer confirmed strong progress across most of the chemicals group's operations in the third-quarter, although the market's reaction seemed to focus on weakness in its paper business and an uncertain latex outlook. Management remained confident in hitting their full-year targe
Read moreThursday broker round-up
8th Oct 2015 17:33
(ShareCast News) - Tullow Oil: JP Morgan Cazenove upgrades to overweight, cuts target price to 310.00p. Soco International: UBS downgrades to sell, keeps target price at 150.00p. Synthomer: Berenberg Bank starts new coverage with a buy, sets target price at 400.00p. Weir Group: Investec Securities
Read moreSynthomer weathers currency headwinds to post 14% rise in profits
11th Aug 2015 07:44
(ShareCast News) - Chemicals firm Synthomer posted a first half pre-tax profit of £51.4m, up 14% from the first half of last year. The company said the performance was strong given significant exchange rate headwinds, and warned its full year result could suffer if conditions continued. The latex m
Read moreFTSE 250 movers: Jimmy Choo boosted by Barclays coverage, Synthomer lower on disappointing profits
2nd Jul 2015 13:15
Mid-caps were trading slightly higher on Thursday, though weakness in the industrial metals, transport and technology provided a drag on gains. As of 16:00 BST, the FTSE 250 was trading 0.2% higher at 17,674. Jimmy Choo was trading higher after Barclays initiated coverage on the stock with an 'over
Read moreLondon open: Stocks open flat on uncertainty ahead of Greek referendum
2nd Jul 2015 09:11
UK stocks opened broadly flat on Thursday morning as fading optimism about a Greek debt deal and an upcoming US jobs report gave investors reasons to be cautious. The FTSE 100 was down 0.07% at 6,603.96 early on. After showing signs of conceding ground on Wednesday and offering to meet most of the
Read moreLondon pre-open: Stocks to fall as Greek hopes fade, US jobs data ahead
2nd Jul 2015 07:57
UK stocks are expected to slip in early trading on Thursday after the Greek government confirmed it would be pushing ahead with a referendum on Sunday, dashing hopes of an imminent debt deal with creditors. Investors were also likely to tread cautiously ahead of the all-important US employment repor
Read moreSynthomer warns of lower operating profit off weak demand
2nd Jul 2015 07:01
Chemicals company Synthomer said it expected a lower operating profit from its Europe and North American division in the second quarter due to weak demand and increased prices for raw materials. The company said in an update that volumes would fall due to weaker demand in the firm's paper and carpe
Read moreMonday broker round-up
1st Jun 2015 09:48
Lamprell: Citi reiterates neutral recommendation and raises target to 155p. British Land: JP Morgan ups target to 970p from 950p and stays at overweight. Derwent London: JP Morgan raises target to 3,900p from 3,800p but keeps at overweight. Great Portland Estates: JP Morgan lifts target to 920p fr
Read more