Broker tips: IAG, Serco, Grafton, Tullett Prebon
9th May 2014 12:39
British Airways and Iberia owner IAG is 'clearly making progress', according to Hargreaves Lansdown Stockbrokers which said that reduced losses in the first quarter were better than forecast. Hargreaves said that hopes of a return to a payment of a dividend "are moving onto the agenda". It added: "
Read moreLondon midday: Stocks pull back on earnings, Petrofac plummets
9th May 2014 11:35
- Petrofac delivers profit warning, IAG and Friends Life fall - Stocks pull back from recent highs - Chinese inflation slows to 18-month low techMARK 2,789.07 -0.65% FTSE 100 6,817.83 -0.31% FTSE 250 15,908.47 -0.38% UK stocks retreated from a near 11-week high on Friday with a raft of disappointi
Read more'Yet more bad news' for Tullet Prebon, says Numis
9th May 2014 11:10
Numis Securities said there was 'yet more bad news' for Tullett Prebon shareholders on Friday after the interdealer broker announced a weak first quarter and said it would slash jobs. The company said that the level of activity in financial markets has remained "subdued" since the start of 2014 and
Read moreTullett Prebon to slash jobs, cut costs amid challenging market
9th May 2014 10:28
- Job cuts, cost reductions targeted - One-off charge to be recorded this year - Acquisition of oil broker PVM Interdealer broker Tullett Prebon disappointed the market on Friday by saying that it will take a 20m-pound one-off hit this year as it scales back costs and cuts jobs amid a challenging m
Read moreLondon midday: Stocks inch lower on mixed data and earnings
23rd Apr 2014 11:37
- AB Foods jumps, ARM and Sports Direct fall - UK borrowing falls more than expected - Chinese manufacturing still in contraction - Eurozone business activity improves techMARK 2,740.84 +0.09% FTSE 100 6,670.05 -0.18% FTSE 250 15,991.94 -0.56% UK stocks pulled back from a three-week high on Wednes
Read moreLondon open: Stocks edge higher, AB Foods jumps on Primark expansion
23rd Apr 2014 08:40
- AB Foods jumps on Primark expansion plans - Stocks rise, but upside limited - BoE minutes, economic data ahead - Chinese manufacturing PMI contracts again techMARK 2,749.64 +0.41% FTSE 100 6,688.65 +0.10% FTSE 250 16,067.20 -0.09% UK stocks edged higher on Wednesday morning with Primark owner As
Read moreFTSE 250 movers: Debenhams rises after maintaining divi
15th Apr 2014 14:49
High Street department store Debenhams rose after maintaining its interim dividend at 1p per share despite profits falling by a quarter in the first half. The profit decline, however, was in line with company guidance. Al Noor Hospitals headed higher after Jefferies increased its target price from
Read moreThursday broker round-up UPDATE
6th Mar 2014 09:10
Advanced Medical Solutions: Investec ups target price from 97p to 121p and keeps a buy recommendation. African Barrick Gold: Investec increases target price from 132p to 206p, but still recommends selling. Arcontech: Northland shifts target price from 0.20p to 0.24p and keeps a buy recommendation.
Read moreWednesday tips round-up: Tullett Prebon, Vesuvius
5th Mar 2014 07:20
Despite cutting costs, margins at inter-dealer broker (IDB) Tullett Prebon fell last year. That came as revenues dropped by six per cent which together with the above pressured operating profits eight per cent lower. The main drivers of those trends were the increased focus by some banks on cutting
Read moreTuesday broker round-up UPDATE
4th Mar 2014 09:37
Abcam: Numis cuts target price from 560p to 510p downgrading from add to hold. Amlin: Deutsche Bank shifts target price from 484p to 491p and keeps a hold recommendation. Arrow Global: Canaccord Genuity shifts target price from 300p to 309p maintaining a buy recommendation. Numis moves target pric
Read moreChallenging markets, regulations weigh on Tullett Prebon
4th Mar 2014 08:33
- Full-year revenue falls six per cent - Market conditions worsened over 2013, added costs from new regulations - Expects markets to remain challenging Interdealer broker Tullett Prebon reported weaker full-year revenue as reduced market volatility and new derivative regulations resulted in lower m
Read moreWednesday broker round-up UPDATE
19th Feb 2014 08:33
Anite: Panmure Gordon lowers target price from 146p to 139p, while leaving its buy recommendation unaltered. Bank of Georgia: Canaccord Genuity increases target price from 2100p to 2400p, while leaving its hold recommendation unchanged. BHP Billiton: Investec raises target price from 1926p to 1985
Read moreMonday broker round-up UPDATE
11th Nov 2013 08:50
Associated British Foods: Barclays downgrades to equal-weight with a target price of 2100p. Bovis Homes Group: Deutsche Bank moves target price from 1001p to 1008p maintaining a buy recommendation. British Land: Deutsche Bank downgrades to sell with a target price of 520p. British Sky Broadcastin
Read moreFTSE 250 movers: Bovis Homes drives housebuilders higher
8th Nov 2013 15:25
Bovis Homes drove housebuilders higher on Friday after it underlined the healthy state of Britain's housing market by revealing that its forward order book was in its "best position for many years". It said government measures such as the Help to Buy scheme had contributed to an already more confide
Read moreTullett Prebon four-month revenues fall amid subdued volumes
8th Nov 2013 09:15
Interdealer broker Tullett Prebon reported revenues fell nine per cent to 252m pounds in the four months to the end of October. It said activity levels in financial markets had been subdued by low volatility, tighter regulations for its customers and uncertainty over the impact of new regulation co
Read more