Wednesday broker round-up UPDATE
3rd Jul 2013 09:16
Aberdeen Asset Management: Bank of America reduces target price from 410p to 360p maintaining an underperform rating. ARM Holdings: UBS upgrades to buy from neutral, keeps target price at 970p. Cineworld: Investec ups target price from 347p to 360p and keeps a buy recommendation. N+1 Singer moves
Read moreFTSE 250 movers: Resources lead the rise after recent slump
14th Jun 2013 15:05
Resource stocks were making advancing strongly on the FTSE 250 on Friday as the sector rebounded after a turbulent week owing to the wider market volatility. Oil explorer Afren led the risers with a gain of nearly 9.0% as West Texas crude oil prices rose to a nine-month high of $98.02 a barrel (up
Read moreFriday broker round-up UPDATE
14th Jun 2013 08:15
Amlin: UBS starts with a target price of 400p and a neutral rating. Cairn Energy: JP Morgan takes target price from 320p to 340p maintaining a neutral rating. Catlin: UBS initiates with a target price of 475p and a neutral rating. Chemring: Credit Suisse increases target price from 210p to 260p a
Read moreUnite plans fundraising to exploit rare market opportunity
13th Jun 2013 08:27
Student accommodation developer Unite has set out plans to exploit the abnormally high yields available for certain regional development projects. Unite has proposed to raise £50m, the equivalent of almost 10% of its existing share capital, to take advantage of the historically low land and buildi
Read moreTuesday broker round-up UPDATE
21st May 2013 07:12
Antofagasta: Canaccord Genuity reduces target price from 1065p to 1040p, while leaving its hold recommendation unchanged. Barratt Developments: Goldman Sachs takes target price from 351p to 371p maintaining a buy recommendation. Big Yellow Group: Investec increases target price from 370p to 430p a
Read moreSector movers: Property stocks gain as Land Secs jumps to four-year high
15th May 2013 14:51
Land Securities was trading at levels not seen in over four years after its full-year results on Wednesday, providing a big boost to the real estate sector. The commercial property group, which has a portfolio of shopping centres, retail parks and office accommodation, this morning revealed a 4.6%
Read morePositive momentum continues at Unite
13th May 2013 07:51
Student accommodation group Unite Group said positive momentum continued between March and May with 75 per cent of rooms already let for the 2013/2014 academic year. That compares to 62% at the beginning of March 2013 and 72% at the same point in 2012. "This underpins continued confidence in our
Read moreWednesday broker round-up UPDATE
20th Mar 2013 08:53
Abcam: Canaccord Genuity moves target price from 344p to 358p, but still recommends selling. Antofagasta: Jefferies cuts target price from 1350p to 1100p, while keeping a hold recommendation. ASOS: Cantor Fitzgerald raises target price from 2500p to 2900p reiterating a hold recommendation. Panmure
Read moreLondon close: Stocks pare gains ahead of policy decisions
6th Mar 2013 16:51
After a solid rise early on, the FTSE 100 had trimmed gains by the close of trade on Wednesday as investors took profits after stocks hit fresh multi-year highs the day before. Markets across Europe finished mixed this afternoon, slipping from the best levels of the day "as caution once again tempe
Read moreFTSE 250 movers: Unite rises on doubled dividend
6th Mar 2013 15:54
Student accommodation firm Unite rose after more than doubled its dividend for 2012 after seeing profits soar in 2012. Home credit business International Personal Finance was leading the risers this morning after reporting a 9.0% rise in revenues in 2012. The company also said that it plans to exp
Read moreLondon midday: Stocks hold on to recent gains
6th Mar 2013 11:56
Well-received results from a number of heavyweight stocks and M&A speculation surrounding Vodafone pushed the FTSE 100 firmly into positive territory on Wednesday morning, pushing the index to fresh multi-year highs. The Footsie finished yesterday's session at 6,432, a level not seen since late 200
Read moreLondon open: Footsie extends gains as Vodafone jumps
6th Mar 2013 08:58
Strong performances from Vodafone, Admiral and Melrose helped extend gains on the FTSE 100 on Wednesday morning, pushing London's benchmark index to fresh five-year highs. The Footsie finished yesterday's session at 6,432, a level not seen since late 2007, before the financial crisis ripped through
Read moreUnite raises dividend as profits surge
6th Mar 2013 08:17
Student accommodation group Unite Group more than doubled its dividend for 2012 after a strong financial performance which saw profits soar. New openings and rental growth helped push total income from the managed portfolio from £219.5m to £240.2m last year, lifting the net portfolio contribution f
Read moreUnite welcomes Higher Education announcement
17th Jan 2013 09:11
Student accommodation group Unite, has welcomed an announcement on 2013/14 funding allocations for Higher Education by the Secretary of State for Business, Innovation and Skills and the Minister for Universities and Science. In a letter to the Higher Education Funding Council the announcement also
Read moreLondon midday: Tesco and miners gain ahead of UK budget
5th Dec 2012 11:40
The FTSE 100 had come off its earlier highs but was still trading in positive territory by Wednesday lunchtime, as markets await the Autumn Statement from Chancellor of the Exchequer George Osborne. He is set to say: "In this Autumn Statement, we show that this coalition government is confronting t
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