Monday broker round-up UPDATE
2nd Dec 2013 08:22
Aberdeen Asset Management: Credit Suisse raises target price from 465p to 515p and maintains a neutral rating. Admiral Group: Citi moves target price from 1215p to 1220p and retains a neutral rating. AVEVA Group: Numis upgrades to buy with a target price of 2980p. AZ Electronic Materials: Deutsch
Read moreFriday broker round-up UPDATE
29th Nov 2013 08:52
Bovis Homes: Panmure Gordon ups target price from 875p to 900p and stays with its buy recommendation. BowLeven: Barclays cuts target price from 175p to 135p maintaining its overweight rating. BT Group: Jefferies shifts target price from 430p to 435p and retains a buy recommendation. Compass Group
Read moreNew non-exec celebrates excellent results at Thomas Cook with purchase
28th Nov 2013 16:39
Warren Tucker, who was recently appointed as a Non-Executive Director of travel group Thomas Cook, on Thursday acquired a stake in the group the same day it unveiled an impressive set of full-year results. The purchase of 30,800 shares at 169p each set him back £52,052. The FTSE 250 travel congl
Read moreLondon close: Markets inch higher on quiet day, but housing stocks sink
28th Nov 2013 16:28
- FTSE 100 edges higher, global equities close to six-year high - US markets closed for Thanksgiving - Housing, tobacco stocks pressured by government policy techMARK 2,668.00 +0.35% FTSE 100 6,654.47 +0.08% FTSE 250 15,431.80 +0.16% The FTSE 100 registered small gains on Thursday on a relatively
Read moreFTSE 250 movers: Thomas Cook leads risers after jump in profit
28th Nov 2013 15:50
Travel operator Thomas Cook surged after reporting a better-than-expected 49 per cent leap in full-year operating profits as it lifted its near-term guidance for revenue and cost-cutting. Kenmare Resources's wet concentrator plant A (WCP A) at the Moma Mine returned to full production capability fo
Read moreBroker tips: WPP, Rio Tinto, Thomas Cook
28th Nov 2013 12:04
WPP's share price was performing well on Thursday after UBS increased its target for the stock from 1,300p to 1,500p and raised its growth forecasts on the back of an optimistic outlook for the advertising and media giant. "We argue that corporates will increase their investment in the services WPP
Read moreLondon midday: Tobacco, housing stocks limit gains on FTSE
28th Nov 2013 11:42
- Thanksgiving keeps trading volumes low - Tobacco, housing stocks drop on government policy - German unemployment climbs for fourth straight month techMARK 2,668.59 +0.37% FTSE 100 6,658.85 +0.14% FTSE 250 15,434.40 +0.18% UK investors were treading water on Thursday morning as risk appetite rema
Read moreBroker snap: Thomas Cook is 'delivering', says Jefferies
28th Nov 2013 10:09
Jefferies has kept a 'buy' recommendation and 200p target price for travel operator Thomas Cook after the company's full-year results and near-term guidance came in much better than expected. The company said on Thursday that revenues rose 1.3% to £9,315m during the year to September 30th, while e
Read moreLondon open: Markets rangebound ahead of quiet day
28th Nov 2013 08:26
- Volumes expected to be low with US markets closed - Rio Tinto plans to ramp up production - Kingfisher, Wolseley disappoint with results techMARK 2,664.08 +0.20% FTSE 100 6,655.03 +0.08% FTSE 250 15,456.43 +0.32% The FTSE 100 opened broadly flat on Thursday on what is set to be a quiet day for f
Read moreThomas Cook takes off as transformation exceeds expectations
28th Nov 2013 08:00
- Full year EBIT up 49 per cent, above consensus - Cost saving targets doubled and accelerated - Revenue targets increased Thomas Cook basked in the benefit of Chief Executive Harriet Green's extensive transformation programme, with annual revenues rising, costs trimmed and earnings flying. The FT
Read moreThursday preview: Kingfisher and Thomas Cook report
27th Nov 2013 15:10
Home improvement retailer Kingfisher is on Thursday expected to report a seven per cent increase in third quarter profit of 279m pounds, reflection improved UK weather and a currency tailwind, according to Numis. The broker said B&Q, the company's DIY and garden centre arm, would have responded to
Read moreLondon close: FTSE 100 rises as investors celebrate Iran deal
25th Nov 2013 16:40
- Global indices continue to set new highs - P5+1 strikes deal with Iran over nuclear programme - Travel stocks rise, oil stocks fall techMARK 2,651.39 +0.35% FTSE 100 6,694.62 +0.30% FTSE 250 15,299.92 +0.74% UK financial markets on Monday celebrated the deal to limit Iran's nuclear activity with
Read moreSector movers: Oil stocks fall, travel companies rise after Iran deal
25th Nov 2013 16:22
A weekend deal to limit Iran's nuclear activity prompted a sharp fall in oil prices on Monday, sending oil and gas stocks into the red whilst sparking gains in the travel sector. Iran and the so-called P5+1 nations of Russia, China, France, Germany, the UK and the US came to an interim agreement ov
Read moreFTSE 250 movers: Chemring jumps on full-year outlook
25th Nov 2013 15:29
Defence group Chemring surged after saying that expectations for the financial year ended October 31st remain in line with previous guidance despite the adverse market backdrop. Pork producer Cranswick also gained after beating forecasts with its interim results as first-half pre-tax profits rose 1
Read morePerpetual Income and Growth lifts interim dividend
25th Nov 2013 13:52
- Dividend raised 5.9 per cent - NAV rises 7.7 per cent - Basic revenue per share climbs 9.8 per cent Perpetual Income and Growth Investment Trust raised its first half dividend by 5.9 per cent to 5.40p on the back of an increase in revenue return and net assets. Net asset value rose by 7.7% in t
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