Monday broker round-up UPDATE
14th Jan 2013 06:57
Aberdeen Asset Management: JP Morgan ups target price from 414p to 479p and retains an overweight rating. HSBC downgrades to neutral. Aggreko: UBS cuts target price from 2350p to 2250p maintaining a buy rating. ARM Holdings: Piper Jaffray downgrade to neutral. Ashmore Group: JP Morgan shifts ta
Read moreLondon close: Markets end the week with slight gains
11th Jan 2013 17:04
- Japan launches new stimulus package - Chinese inflation rises in December - Tullow misses production forecasts in 2012 UK stocks finished with slight gains on Friday on the back of plans for economic stimulus in Japan, as markets were able to shrug off some weakness in the mining sector. The F
Read moreFTSE 100 movers: IAG performs strongly after upgrade
11th Jan 2013 14:31
British Airways and Iberia owner IAG was in demand throughout the day after UBS upgraded the stock from 'neutral' to 'buy', following its underperformance against other European airline shares under the broker's coverage. "We think that IAG could be the laggard most likely to outperform in 2013 sh
Read moreLondon midday: Stocks rise as Japan attempts to boost growth
11th Jan 2013 11:31
- Japan launches new stimulus package - Chinese inflation rises in December - UK production misses the mark in November Markets were making small gains on Friday morning as hopes for the Japanese economy offset concerns about price rises in China and a downbeat reading of UK production. News from
Read moreBroker tips: Tullow, Schroders, IAG
11th Jan 2013 11:04
Investec has retained its 'sell' rating and 1,000p target price for oil giant Tullow following a production miss on Friday morning. The broker said: "This morning's trading update delivered disappointing production figures for Tullow and underlined our view that it may not attain production of 100,
Read moreBroker snap: Investec disappointed with output at Tullow
11th Jan 2013 11:01
Investec has retained its 'sell' rating and 1,000p target price for oil giant Tullow following a production miss on Friday morning. Group working interest production last year averaged just 79,200 barrels of oil per day (bopd), below the company's own guidance of 80,000-84,000 bopd and Investec's 8
Read moreLondon open: Markets cautious after Chinese inflation figures
11th Jan 2013 08:24
UK markets opened tentatively on Friday morning, making only slight gains as investors digested inflation data in China and economic stimulus in Japan. Chinese inflation rose to 2.5% in December as cold weather resulted to a increase in food prices. "While the figure remains well below the inflatio
Read moreLondon pre-open: Small gains expected on FTSE
11th Jan 2013 07:30
City sources predict the FTSE 100 will open up eight points from yesterday's close of 6,102, tracking overnight gains in the US. Stocks were also boosted by a decision by Japanese Prime Minister, Shinzo Abe, to introduce a Y10.3tn ($116bn) economic stimulus package. The hope is that the package wi
Read moreTullow Oil comes up short in 2012 - UPDATE
11th Jan 2013 07:05
Oil titan Tullow missed production targets last year, while write-offs for unsuccessful drilling soared, causing shares to tank on Friday morning. Group working interest production last year averaged just 79,200 barrels of oil per day (bopd), below the forecast range of 80,000-84,000 bopd, due to t
Read moreFriday broker round-up UPDATE
11th Jan 2013 07:01
Aberdeen Asset Management: Credit Suisse raises target price from 380p to 410p reiterating an outperform rating. Afren: Deutsche Bank cuts target price from 175p to 165p stayling with its buy rating. Ashmore Group: Credit Suisse moves target price from 380p to 375p and downgrades to underperform.
Read moreFriday preview: Tullow Oil, US budget statement
10th Jan 2013 15:40
Project delays in Uganda and Ghana have weighed heavy on FTSE 100 company Tullow Oil in the week leading up to its trading statement Friday. Shares continued to fall by 0.72% to 1,234p Thursday after Investec Bank recommended investors sell their holdings due to the setbacks in production. Tullow'
Read moreThursday broker round-up UPDATE
10th Jan 2013 07:10
Afren: Morgan Stanley takes target price from 215p to 220p and reiterates an overweight rating. Alent: Bank of America starts with a target price of 370p and a buy recommendation. Associated British Foods: Goldman Sachs moves its target price from 1160p to 1190p and maintains a sell rating. AVEVA
Read moreLondon close: Slight losses seen on FTSE
8th Jan 2013 16:32
UK stocks ended Tuesday's session with small losses, influenced in part by some weaker-than-expected economic indicators from the Eurozone, marking the second day of losses this year. Eurozone unemployment hit a new record high of 11.8% in November, according to official figures. This was a slight
Read moreFTSE 100 movers: Anglo American rises on announcement of new CEO
8th Jan 2013 14:53
Investors have welcomed Anglo American's appointment of Australian Mark Cutifani as its new Chief Executive. The mining giant pinched Cutifani from AngloGold Ashanti to replace Cynthia Carroll. Cutifani will take the reins in April with a pay packet worth around 2.38m pounds, including salary and bo
Read moreTuesday broker round-up UPDATE
8th Jan 2013 07:19
Anglo American: Deutsche Bank reduces target price from 2270p to 2230p and maintains its buy recommendation. Aquarius Platinum: Deutsche Bank ups target price from 73p to 76p, while the buy rating remains unchanged. ARM Holdings: Credit Suisse raises target price from 645p to 780p and reiterates a
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