Digital Look broker talk - UPDATE
10th Nov 2011 11:44
Experian: "Experian offers investors strong economics, including high barriers to entry, solid growth, gentle margin expansion and strong cash conversion. With our generally constructive view on its Brazilian growth angle we remain buyers" [Citi]. Experian: "The half year numbers are a win win on e
Read moreMorning broker round-up - UPDATE
10th Nov 2011 09:48
Experian: Citi reiterates buy with a target of 940p. Experian: Nomura reiterates buy and 867p target. Experian: Prime Markets confirms buy recommendation and 841p target. Anglo American: Citi keeps buy rating and 3,500p target. Admiral: Credit Suisse downgrades from neutral to underperform, targ
Read moreThursday tips round-up: J Sainsbury and Tullow Oil
10th Nov 2011 07:21
The Telegraph's Questor column takes a look at J Sainsbury, owners of the eponymous supermarket chain. Sainsbury released some fairly impressive numbers yesterday which included underlying profits just ahead of expectations in a tough economic environment. The other aspect of yesterday's update tha
Read moreFTSE 100 Movers: Admiral dives more than 28%
9th Nov 2011 13:02
Shares in insurance firm Admiral tanked by more than 28% this morning after it warned 2011 profits would be at the lower end of expectations due to a jump in personal injury claims. In its third quarter statement the firm had said it expected to report record profits for the full year, around 10%
Read moreLondon midday: Financials take a hit as Italian bond yields jump
9th Nov 2011 12:14
Despite a modest start, the Footsie took a tumble during morning trade and stood at its lowest levels of the day by lunchtime, as the focus turned to Italy's soaring borrowing costs. Financials were leading the decline on the blue chip index. ITALIAN BOND YIELDS KEEP ON RISING Yields on benchmark
Read moreDigital Look broker talk
9th Nov 2011 11:10
Admiral: "Admiral's superior profitability has long been a mystery to us, but it now looks as if the apparently superior risk choice is being unwound... We see this IMS as an admission that Admiral is not immune from market forces and this will disappoint the market, we believe" [Investec]. Tullow
Read moreBroker tips: Admiral, Tullow Oil, Regus
9th Nov 2011 11:08
Investec says that "dark clouds [are] forming" at insurance giant Admiral, as it reiterates its sell rating and 843p target. Shares plunged on Wednesday morning after the firm's statement which warned 2011 profits would be at the lower end of expectations (just 10% higher than 2010) due to a jump i
Read moreBroker snap: Tullow IMS disappointing, but Evolution still says buy
9th Nov 2011 10:47
Despite shares in Tullow Oil taking a tumble on Wednesday due to the reduction to full-year production estimates, Evolution Securities says that it has made no changes to the stock's valuation and reiterated its buy rating. "Group production for 2011 is now expected to average 79-81,000 barrels of
Read moreWednesday broker round-up - UPDATE
9th Nov 2011 09:58
Admiral: Nomura puts buy rating and 1,900p target under review Admiral: Investec keeps sell rating and 843p target. HSBC: Evolutions Securities keeps sell rating and 650p target. British American Tobacco: Alpha Value downgrades to reduce from add. Regus: Credit Suisse upgrades from neutral to o
Read moreLondon open: One in the eye for Admiral
9th Nov 2011 08:56
In keeping with most markets across the globe, London is on the up in the wake of the decision by Italian Prime Minister Silvio Berlusconi to proffer his resignation. Look below the surface, however, and you will see that the top-share index's modest rise is largely due to the strength of mining st
Read moreTullow Oil cuts production target again
9th Nov 2011 07:41
FTSE 100 explorer Tullow Oil released a bullish update for the third quarter, but said that slower than expected production in Ghana had forced it to cut targets again. "Group production for 2011 is now expected to average 79-81,000 barrels of oil equivalent per day (boepd) due to slower than expec
Read moreTullow in new Mauritanian agreement
31st Oct 2011 07:04
Irish oil behemoth Tullow Oil has signed a new production sharing contract (PSC) with the government of Mauritania and its joint venture partners. The PSC will enable Tullow to advance the appraisal and development of existing discoveries and also pursue exploration in a new contract area covering
Read moreLondon close: Choppy FTSE 100 closes lower
28th Oct 2011 17:08
Shares finished slightly lower after a quiet day on the company news front, giving traders a chance to sit back and appraise the latest developments in the Eurozone saga. Stock markets across the globe surged higher yesterday, with the three US benchmarks rising by an average 3% last night after le
Read moreLondon midday: Pause for breath after euro boost
28th Oct 2011 12:01
Shares are still flat amid a quiet day on the company news front, giving traders a chance to sit back and appraise the latest developments in the Eurozone saga. SUBDUED START AFTER YESTERDAY'S SURGE Stock markets across the globe surged higher yesterday, with the three US benchmarks rising by an a
Read moreLondon open: Flat start for the Footsie
28th Oct 2011 08:40
The FTSE 100 opened flat on Friday morning following yesterday's massive 2.9% gain on the back of strong US economic data and the pivotal Eurozone agreements announced yesterday. SUBDUED START AFTER STRONG DAY ON THURSDAY Stock markets across the globe surged higher yesterday, with the three US b
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