Monday broker round-up - UPDATE
22nd Oct 2012 08:19
888 Holdings: Morgan Stanley ups target from 125p to 130p, overweight rating kept. Aggreko: Jefferies cuts target from 2,800p to 2,535p, buy rating kept; HSBC downgrades to underweight, target cut from 2,350p to 1,750p; JPMorgan Cazenove cuts target from 2,360p to 2,165p, neutral rating kept; Barcl
Read moreTravis Perkins Finance Director continues to reduce stake ahead of retirement
19th Oct 2012 16:42
Paul Hampden Smith, who has been the Finance Director at Travis Perkins since 1996, has reduced his stake in the building materials supplier following the announcement of his retirement plans last Friday. The sales, which were announced after the close on Friday, were made between October 16th and
Read moreDunelm Finance Director trades in shares from LTIP
18th Oct 2012 16:07
Dunelm Group's Finance Director, David Stead, has traded in 43,460 of the 85,215 shares he received after exercising options under the company's long-term incentive plan at no cost. Stead, who joined the homeware chain in 2003, traded in the shares at 679.40p, earning £295,267, which he used to fu
Read moreBeazley director sells shares as company plans debt buy back
17th Oct 2012 16:27
Adrian Cox, an Executive Director at Beazley, the FTSE 250 specialist insurer, traded in a handful of shares in the company on August 8th, it was announced today. Cox, 39, who joined the board in December 2010 and heads up the specialty lines division, sold 13,071 shares at 165.20p each, reducing
Read moreLondon close: Footsie in late slide
12th Oct 2012 16:48
Footsie ended the week on a dull note, with most of the losses coming at the death. Evraz suspends Czech steel production Russian steel-maker Evraz led the market lower as it said it had suspended steel production in the Czech Republic because of low demand. Credit Suisse stuck the boot into the
Read moreFTSE 250 movers: Morgan Crucible plunges on profit warning
12th Oct 2012 16:10
Industrial materials provider Morgan Crucible has delivered a profits warning as trading conditions have deteriorated across most geographies, particularly in Europe and China. The slowdown in demand has been most pronounced in the Advanced Materials and Technology business, the group said, in an
Read moreLondon midday: Basel III boost for banks
12th Oct 2012 11:44
Leading shares largely trod water in the morning session, although banks had a good session on the back of rumours that the implementation of the strict new Basel III capital rules may be delayed. Financials lead the way Banks and insurers have been buoyed by Deutsche Bank upgrading the sectors to
Read moreLondon open: Soft start but banks shine
12th Oct 2012 08:51
London has taken its cue from Wall Street, which experienced a late swoon yesterday, and opened lower. Stocks on the other side of the Atlantic were initially boosted by jobless data, which showed a fall to levels not seen in over four years, but the good mood did not last, as some pundits claimed
Read moreLondon pre-open: FTSE to start the day in negative territory
12th Oct 2012 07:26
City sources predict the FTSE 100 will open down 10 points from yesterday's close of 5,830, as worries over the Eurozone persist and reflecting the mixed results seen in the US on Thursday. Stocks on the other side of the Atlantic were initially boosted by jobless data, which showed a fall to level
Read moreMargins under pressure at Travis Perkins - UPDATE
12th Oct 2012 07:14
Building materials supplier Travis Perkins saw like-for-like sales fall back in the group's third quarter (to end-September), as the group struggled with the poor weather and the competing attraction of the Olympics. Total sales in the quarter were down 2.4% year-on-year, although the group noted
Read moreFriday preview: Travis Perkins, Computacenter
11th Oct 2012 17:09
On Friday, builders' merchant Travis Perkins issues an interim management statement, and Panmure Gordon is expecting the group to have made further progress, despite tough market conditions. The broker thinks the key issues will be: Spending outlook - public versus private and housing vs commercia
Read moreWednesday broker round-up - UDPATE
10th Oct 2012 08:22
African Barrick Gold: Nomura cuts target from 670p to 605p, buy rating kept. APR Energy: JPMorgan Cazenove initiates coverage with overweight rating and 1,005p target. ARM Holdings: Credit Suisse initiates coverage at neutral. ASOS: Seymour Pierce keeps hold rating and 1,900p target. Avanti Com
Read moreWeek Ahead: Michael Page, Hays, Travis Perkins
5th Oct 2012 08:52
Recruiters Hays and Michael Page kick the week off on Monday with interim management statements. For Michael Page, Peel Hunt thinks trends seen at the interims are unlikely to have changed materially, except perhaps that the slowdown in Asian growth may have accelerated. The outlook will likely re
Read moreFriday broker round-up
5th Oct 2012 08:19
Anglo American: AlphaValue upgrades from add to buy. Betfair: Panmure Gordon cuts target from 1,000p to 977p, buy rating kept. BHP Billiton: AlphaValue downgrades from add to reduce. Burberry: Morgan Stanley upgrades to overweight, target kept at 1,190p; UBS keeps neutral rating and 1,170p target
Read moreTravis Perkins big wheel shovels out shares
21st Sep 2012 15:48
Arthur Davidson, the Divisional Chairman of Specialist Merchanting at builders' merchant Travis Perkins, sold two lots of 5,000 shares on Friday. In the first tranche, the director sold the shares at 1,085.23p for a total of £54,262, and in the second the other 5,000 at 1,089p for £54,450. Follow
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