Broker snap: Buy on NewBuy - Credit Suisse stays positive on house builders
13th Mar 2012 11:00
The house builders were performing well on Tuesday morning, a day after NewBuy was launched. Credit Suisse has maintained its positive view on the sector today despite its recent strong performance, saying that the government's scheme is an 'incremental positive' to its investment thesis. NewBuy wi
Read moreTuesday broker round-up - UPDATE
13th Mar 2012 09:59
AstraZeneca: Panmure Gordon keeps buy rating and 3,600p target. Bellway: Credit Suisse maintains outperform rating. BG Group: Nomura raises target from 1,865p to 1,950p, buy rating kept. Computacenter: Panmure Gordon ups target from 490p to 501p, buy rating unchanged. Hays: Credit Suisse ups tar
Read moreAnother director dealing for Dunelm; AZ Electronic tech officer makes sale
8th Mar 2012 15:35
Donna Wharton, wife of Nick Wharton, the Chief Executive of homewares firm Dunelm, has topped up her stake in the company with 9,500 shares. Wharton's purchase, which saw her buy the shares at 480.00p each for a total of £45,600, came just a day after Will Adderley, Executive Deputy Chairman, anno
Read moreFTSE 250 movers: Intl. Personal Finance up on rising customer numbers
29th Feb 2012 15:21
Door step lender International Personal Finance (IPF) soared into the top spot after finding no shortage of customers as consumers worldwide continue to experience hard times, with customer numbers in 2011 rising to 2.41m from 2.21m in 2010, an 8% year-on-year increase. Support services and constr
Read moreLondon midday: Stocks settle after ECB refinancing
29th Feb 2012 11:38
- Higher-than-expected LTRO take-up. - ITV surges on 'exceptional turnaround'. - Ludowici issues overshadow impressive 2011 for Weir. The initial celebration of the results of the European Central Bank's (ECB's) refinancing operation quickly faded in late morning trade, with the Footsie broadly fl
Read moreLondon open: Stocks flat ahead of ECB refinancing operation
29th Feb 2012 08:31
- Investors await ECB's LTRO. - ITV jumps 7% after strong 2011. - Ludowici issues overshadow impressive 2011 for Weir. The Footsie lacked direction in the opening hour on Wednesday as investors hold out for the result of the European Central Bank's (ECB's) second longer term refinancing operation,
Read moreTaylor Wimpey misses revenue and profit expectations
29th Feb 2012 07:34
House builder, Taylor Wimpey, reported total revenue of 1,808m pounds last year, higher than the year before but short of consensus estimates. The year before, the company generated revenue of £1,767.7m. Analysts had predicted a slightly bigger rise to £1,830m in 2011. Meanwhile, profits before tax
Read moreSector movers: Persimmon cements gains for house-builders
28th Feb 2012 16:27
A 13% surge in the stock price of Persimmon boosted the household goods and home construction higher on Tuesday. While house-builder Persimmon's results appeared to be broadly in line with expectations, shares soared on news of a cash return worth £1.9bn over the next nine and a half years, somethi
Read moreWednesday preview: Standard Chartered, Taylor Wimpey, IAG
28th Feb 2012 15:59
Standard Chartered becomes the second London-quoted but predominantly oversea-focused banking giant to report this week, following in the foot-steps of HSBC. Nomura thinks there may be risks of estimate downgrades but notes this is true for virtually all banks. In December, Standard Chartered said
Read moreMonday broker round-up - UPDATE
30th Jan 2012 08:57
Rio Tinto: Goldman Sachs upgrades from neutral to buy. Whitbread: Credit Suisse downgrades from outperform to neutral, 1,818p target maintained. Weir: Credit Suisse ups target from 2,200p to 2,275p, outperform rating kept. ARM Holdings: Nomura raises target from 570p to 580p, neutral recommendati
Read moreLondon open: Chinese GDP sparks rise, Footsie above 5,700
17th Jan 2012 08:26
The Footsie surged above the 5,700 level in early trading on Tuesday after the Chinese economy expanded at a faster-than-expected rate in the fourth quarter. It seems that investors have shrugged off last night's downgrade of the Eurozone's bailout fund, as just four stocks slipped into the red. Pr
Read moreMargins and operating profit improve at Taylor Wimpey
17th Jan 2012 07:21
Housebuilder Taylor Wimpey said trading conditions have remained robust since its interim update in November 2011 and it expects to post an 80% increase in operating profit for the second half of 2011. While momentum continues Taylor Wimpey has also benefited from restructuring and cost cutting inc
Read moreTuesday preview: Time for a Burberry check
16th Jan 2012 15:26
Fashion chain Burberry has been one of the success stories of the British retail scene in recent years, thanks in no small part to its international cachet. On Tuesday, it releases an interim management statement covering the third quarter of its fiscal year, which will include the Christmas trading
Read moreTuesday broker round-up - UPDATE
10th Jan 2012 09:15
Cairn Energy: Oriel upgrades to add from hold. Tesco: Bank of America Merrill Lynch downgrades to neutral from buy. Marks & Spencer: Panmure Gordon reiterates hold and 307p target; Peel Hunt maintains hold and 350p target. Barclays: UBS cuts target from 215p to 199p, neutral rating unchanged. R
Read moreWednesday broker round-up - UDPATE
21st Dec 2011 08:51
HSBC: Investec reiterates buy with 800p target. Barclays: Investec reiterates buy with 330p target. Tesco: Nomura maintains buy rating and 500p target. AstraZeneca: Nomura keeps reduce recommendation and 2,400p target. Thorntons: Investec puts 35p target under review, hold rating kept; Merchant
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