Broker snap: Citi upgrades Travis Perkins on UK housing recovery
29th Aug 2013 10:50
Building materials group Travis Perkins was making gains on Thursday morning, rebounding after recent share-price weakness, helped by an upgrade by Citigroup from 'neutral' to 'buy'. The US bank said that after a 10% fall from its recent high - down by 2% over the last three months - the stock is n
Read moreLondon close: Markets edge higher after subdued session
16th Aug 2013 16:30
Friday was a relatively quiet session for equity markets in London with investor confidence shattered after a sell-off the day before and volumes down due to seasonal trends. The FTSE 100 and benchmark indices on Wall Street suffered steep falls on Thursday as better-than-expected jobless claims ig
Read moreSector movers: Mining, housing stocks making gains
16th Aug 2013 14:56
Gold and silver prices cemented recent gains on Friday due to safe-haven demand, pushing shares prices in the mining sector higher in afternoon trade. Precious metals peers Randgold Resources and Fresnillo were standout performers as gold edged closer to a two-month high while silver stayed close
Read moreFTSE 100 movers: Randgold, Fresnillo lead miners higher
16th Aug 2013 14:28
Gold and silver prices cemented recent gains on Friday due to safe-haven demand, pushing shares prices in the mining sector higher in afternoon trade. Precious metals peers Randgold Resources and Fresnillo were standout performers as gold edged closer to a two-month high while silver stayed flat at
Read moreLondon midday: Markets searching for direction after sell-off
16th Aug 2013 12:01
The FTSE 100 was broadly flat on Friday morning, swinging between gains and losses as equity markets searched for direction following a steep sell-off the day before in the UK and US. The London benchmark lost 1.6% on Thursday after better-than-expected jobless claims data in the States ignited con
Read moreLondon close: Stocks sold off on concerns over QE taper, Egypt
15th Aug 2013 16:34
Markets largely shrugged off a strong set of UK retail sales figures today, instead choosing to focus on economic data from the States which continues to throw more weight behind the argument to taper quantitative easing. The ongoing violence in Egypt also continues to be a worry for markets after
Read moreLondon midday: Markets underwhelmed by strong UK retail sales
15th Aug 2013 11:54
Better-than-expected UK retail sales failed to give markets a boost on Thursday morning with the FTSE 100 falling heavily as investors remained cautious ahead of a barrage of US economic data due out later on. UK retail sales volumes climbed 1.1% on the month to an all-time high in July as the heat
Read moreLondon midday: Markets shrug off UK growth as earnings disappoint
25th Jul 2013 12:07
An expected pick-up in UK economic growth in the second quarter wasn't enough to lift London's FTSE 100 into positive territory on Thursday morning as markets reacted to a series of disappointing results from a number of blue-chip firms. Capita, BT Group, Unilever and Johnson Matthey were all tradi
Read moreTravis Perkins posts jump in first-half profit
25th Jul 2013 09:52
Britain's biggest supplier of building materials Travis Perkins announced the resignation of its Chief Executive Officer (CEO) as it reported a 4.1 per cent rise in first-half profit. Geoff Copper, who has been CEO since 2005, will step down on January 1st and as a Director on March 6th. Current De
Read moreTuesday broker round-up UPDATE
9th Jul 2013 07:53
Adept Telecom: Northland Capital revises target price from 108p to 115p and maintains a buy recommendation. AG Barr: Panmure Gordon raises target price from 500p to 600p and retains a hold recommendation. Aquarius Platinum: Westhouse Securities shifts target price from 35p to 40p upgrading from se
Read moreLondon close: BoE and ECB relieve market angst
4th Jul 2013 17:36
As might have been expected, in their first meeting with Mark Carney at the helm the Monetary Policy Committee [MPC] managed to surprise markets by introducing a first taste of the much-vaunted forward policy guidance. Although analysts' reactions seem to be somewhat mixed, with some seeing hints o
Read moreLondon close: Stocks rise on first day of Carney's mandate
1st Jul 2013 17:24
Equities began the third quarter on a strong note, buoyed in part by a bullish note from strategists at JP Morgan on commodity prices. Alongside a slightly better than expected reading on US manufacturing that helped to compensate for a somewhat weak reading on Chinese manufacturing overnight. Coinc
Read moreFTSE 100 movers: Travis Perkins gains on UK housing data
1st Jul 2013 13:07
Builders' merchant Travis Perkins Group rose to the top of the FTSE 100 as data revealed a jump in UK house prices and mortgage approvals, signalling an improvement in the housing sector. Tullow Oil gained ahead of a trading update on Wednesday as Nomura upgraded the company's stock from 'reduce'
Read moreTuesday broker round-up UPDATE
18th Jun 2013 08:19
Alternative Networks: Westhouse Securities upgrades from neutral to add with a target price of 350p. Andes Energia: Westhouse Securities initiates with a target price of 60p and a buy recommendation. Andor Technology: Investec reduces target price from 525p to 360p downgrading from buy to hold. A
Read moreMonday broker round-up UPDATE
20th May 2013 08:32
Alent: Credit Suisse initiates with a target price of 430p and an outperform rating. Amlin: Morgan Stanley ups target price from 428p to 469p, while maintaining an overweight rating. Anite: Espirito Santo cuts target price from 180p to 165p retaining a buy recommendation. Ashtead Group: UBS takes
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