London open: UK stocks slip as investors await MPC minutes
22nd Oct 2014 08:50
UK stocks opened with small losses on Wednesday as investors paused for breath following a surge the previous session. The FTSE 100 was trading 0.2% lower at 6,360 in early deals. London's benchmark index jumped 1.7% to a one-week closing high of 6,372 on Tuesday on reports that the European Centra
Read moreUBM maintains guidance after solid third quarter
22nd Oct 2014 07:38
Marketing and events group UBM said it is on track to hit targets on an underlying basis after performing well in the third quarter. "While reported results will continue to be affected by currency movements, underlying performance remains on track for the full year with all three business segments
Read moreThursday broker round-up UPDATE
2nd Oct 2014 10:11
BAE Systems: Investec downgrades from hold to sell with a target price of 430p. British Sky Broadcasting: Credit Suisse ups target price from 600p to 630p and reiterates an underperform rating. Cobham: Investec lowers target price from 290p to 280p and stays with its reduce rating. Consort Medical
Read moreThursday tips round-up: Sainsbury, Tesco, UBM
2nd Oct 2014 09:07
Competition in the UK groceries market has simply gotten downright vicious, as the disruptive German discounters Aldi and Lidl carve themselves a piece of the market. That is so much so the case that last month the market's size grew at its slowest since 1993, data from Kantar revealed. However, the
Read moreWednesday broker round-up UPDATE
1st Oct 2014 09:56
African Minerals: Canaccord Genuity reduces target price from 150p to 20p downgrading to hold. Avingtrans: FinnCap upgrades from hold to buy with a target price of 155p. Balfour Beatty: JP Morgan lowers target price from 220p to 200p, while upgrading to neutral. Blinkx: Numis places its buy recomm
Read moreFTSE 250 movers: Booker rises after positive first half
18th Sep 2014 15:40
Shares in Booker Group performed strongly on Thursday after the group reported a 3.1% year-on-year rise in like-for-like sales. The result was welcome by Peel Hunt, which said it continues to see "significant upside" at the cash and cash firm after a decent second-quarter update. The broker kept a '
Read moreLondon pre-open: Stocks expected to gain after Fed meeting, ahead of Scottish vote
18th Sep 2014 07:48
UK stocks look set to gain early on in Thursday's session, ahead of the much-debated vote on Scottish independence and following the conclusion of the latest Fed meeting the previous day. Overnight, both US and Asian stocks delivered gains, which are expected to help drive the FTSE 100 around 18 poi
Read moreWednesday broker round-up UPDATE
6th Aug 2014 10:20
Aggreko: Jefferies raises target price from 1800p to 2000p and keeps a buy recommendation. Investec ups target price from 1650p to 1700p and leaves its hold recommendation unchanged. Avingtrans: FinnCap cuts target price from 170p to 155p downgrading from buy to hold. Aviva: Jefferies initiates wi
Read moreTuesday broker round-up UPDATE
5th Aug 2014 11:02
Acal: FinnCap initiates with a target price of 322p and a buy recommendation. Afren: UBS reduces target price from 200p to 135p and stays with its buy recommendation. Aggreko: WH Ireland ups target price from 1800p to 1850p and stays with a buy recommendation. Alent: Numis increases target price
Read moreMonday broker round-up UPDATE
4th Aug 2014 10:10
Afren: Canaccord Genuity reinstates with a target price of 120p and a hold recommendation. Bodycote: N+1 Singer cuts target price from 850p to 835p, while staying with its buy recommendation. BT Group: Berenberg moves target price from 460p to 475p and maintains a buy recommendation. Espirito Sant
Read moreUBM lifts H1 profits despite currency turbulence
1st Aug 2014 10:57
Buoyant events and public relations operations boosted profits at business publisher UBM despite a hit from the strong pound. UBM, which hosts trade shows and exhibitions for industries ranging from hotels and computer gaming to cruise operators and jewellers, said underlying revenue in the events
Read moreFriday broker round-up UPDATE
1st Aug 2014 10:33
AstraZeneca: Deutsche Bank ups target price from 3950p to 4000p staying with its hold recommendation. Avacta: Numis places both its target price and its buy recommendation under review. Barclays: Berenberg upgrades from sell to hold with a target price of 220p. Bodycote: UBS shifts target price f
Read moreFTSE 250 movers: IG Group rises on increased divi payment
22nd Jul 2014 15:59
IG Group leapt following what broker Numis Securities termed a "substantial" increase in its dividend payment, up 28% to 22.4p. The financial spread betting firm reported a 2.4% rise in full-year trading revenue to £370.4m. Numis kept its 'add' rating on the stock with a target price of 665p. Secu
Read moreTuesday broker round-up UPDATE
22nd Jul 2014 09:37
Abcam: N+1 Singer places both its target price (prev.: 346p) and its sell recommendation under review. Amiad Water Systems: Oriel lowers target price from 350p to 340p and retains a buy recommendation. Ashmore Group: Espirito Santo ups target price from 371p to 404p, while downgrading to neutral.
Read moreLiberum picks prime targets as UK M&A plays catch up
9th Jul 2014 16:00
UK mergers and acquisitions activity is stubbornly subdued, but broker Liberum says this is not expected to persist and has polled its sector analysts to qualitatively identify the most likely targets. Global M&A hit a post crisis record at $945bn in the second quarter of the year, showing that co
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