London open: HSBC off following results
4th Mar 2013 08:07
Investors have come back from the weekend to find that the budget sequester in the US is in 'full-swing' after US President Barack Obama and Republicans failed to reach an agreement to avoid 85bn dollars in automatic federal budget cuts which will come into effect throughout what remains of this fis
Read moreFull year revenue rises at Ultra Electronics despite mixed market conditions
4th Mar 2013 07:34
FTSE 250-listed Ultra Electronics has unveiled its preliminary results for the year ended December 31st, showing that revenue increased despite mixed market conditions across the group's broad portfolio. Revenue rose 4.0% to £760.8m from £731.7m one year earlier. Underlying operating profit rose by
Read moreMonday broker round-up UPDATE
4th Mar 2013 07:12
Aggreko: JP Morgan takes target price from 1845p to 1870p, while reiterating a neutral rating. Anglo American: Nomura reduces target price from 1800p to 1700p and downgrades from neutral to reduce. ARM Holdings: Deutsche Bank increases target price from 400p to 445p, but still recommends selling.
Read moreUltra Electronics confirms start date of new Finance Director
15th Feb 2013 07:18
Ultra Electronics has confirmed that its new Group Finance Director, Mary Waldner, will take up the role on July 1st of this year. The appointment was announced on January 24th. NR
Read moreBroker snap: Rolls-Royce is 'best-quality' company in sector, says JPMorgan
12th Feb 2013 10:38
JPMorgan Cazenove has initiated coverage of the European aerospace and defence sector, labelling Rolls-Royce, EADS and Thales as the stocks with the most share-price upside. However, it's FTSE 100-listed power systems group Rolls-Royce (rated 'overweight') that is named as the "best-quality company
Read moreTuesday broker round-up UPDATE
12th Feb 2013 07:24
AMEC: Exane BNP initiates with a target price of 1140p and an underperform rating. Anglo American: Goldman Sachs increases target price from 1500p to 1550p, while keeping a sell recommendation. Barclays: Nomura reiterates reduce. Charles Stanley reiterates hold. Investec reiterates buy, with price
Read moreMary Waldner to become new CFO at Ultra Electronics
24th Jan 2013 07:49
Defence, security and energy company Ultra Electronics has named Mary Waldner as the successor to its outgoing Chief Financial Officer Paul Dean. The company announced last year that Dean had been approached to take a Finance Director role outside the defence and aerspace sector and he is expected
Read moreMonday broker round-up UPDATE
21st Jan 2013 07:02
Abbey Protection: Numis increases target price from 90p to 120p and upgrades to add. Admiral: Goldman Sachs upgrades to buy from neutral, raising its price target to 1500p from 1160p before. Aggreko: Bank of America lowers target price from 2700p to 1950p and downgrades to neutral. Anglo Americ
Read moreUltra Electronics signs memorandum of understanding with AREVA
13th Dec 2012 09:08
Defence, security, transport and energy company Ultra Electronics on Thursday signed a memorandum of understanding with AREVA to initiate a future partnership in nuclear power generation and the build of new EPR (Eurpean pressurized water) reactors in the UK. The agreement covers potential collabo
Read moreUltra Electronics scores US Navy contracts
12th Dec 2012 08:05
Defence group Ultra Electronics has announced that its USSI business, based in Indiana, US, has received US Navy contracts for sonobuoys through its joint venture with the Sparton Corporation that supplies all sonobuoys to the US Navy. Under the contract, which is worth over $53m, production is sch
Read moreWednesday broker round-up UPDATE
12th Dec 2012 07:25
AMEC: Credit Suisse reduces target price from 1300p to 1250p reiterating an outperform rating. Anglo American: Barclays upgrades to equal-weight with a target price of 1970p. Ashtead Group: Barclays raises target price from 352p to 434p and reiterates an overweight rating. ASOS: HSBC raises targe
Read moreFTSE 250 movers: Kenmare falls on reduced production guidance
28th Nov 2012 15:18
Kenmare Resources, the titanium feedstock miner, was down after warning that as a result of production issues, it expects its full-year production to be lower than previous guidance of 630,000 tonnes of ilmenite and 50,000 tonnes of zircon. Insurance group Lancashire Holdings was another heavy fal
Read moreWednesday broker round-up UPDATE
28th Nov 2012 07:26
ARM Holdings: Barclays Capital raises target price from 750p to 820p, overweight rating kept. Assura Group: Oriel Securities starts with an add recommendation. Espirito Santo moves target price from 37p to 37.50p, buy recommendation unchanged. Britvic: Deutsche Bank raises target price from 370p t
Read moreTuesday broker round-up UPDATE
20th Nov 2012 07:17
Beowulf Mining: Seymour Pierce initiates coverage with a buy recommendation and a target price of 18p. Berkeley Group: JP Morgan raises target price from 1616p to 1620p, overweight rating kept. Blinkx: Citigroup downgrades from buy to neutral. Compass Group: Investec raises target price from 740p
Read moreMonday broker round-up UPDATE
19th Nov 2012 07:34
Aquarius Platinum: Nomura raises target price from 35p to 95p and upgrades from neutral to buy. Associated British Foods; Societe Generale upgrades to buy from hold. Atkins: Jefferies reduces target price from 850p to 800p, buy recommendation reiterated. Aveva: Panmure Gordon reduces target price
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