Broker tips: StanChart, National Grid, United Utilities
9th Nov 2015 16:02
(ShareCast News) - StanChart´s stock looks oversold in the near-term so there is upside to be had in the shares and with the announcement of a rights issue behind us investors will soon be past the point where they are fearful of the risks of dilution a top broker said on Monday. However, there were
Read moreMonday broker round-up
9th Nov 2015 14:18
(ShareCast News) - Talktalk Telecom Group: HSBC downgrades to hold, cuts target price to 260.00p. Spirent Communications: Citigroup downgrades to neutral. Target price: 75.00p. United Utilities Group: Societe Generale downgrades to hold. Target price: 940.00p. Stagecoach Group: Barclays reitera
Read moreFTSE 100 movers: Financial companies' rises offset IHG and utility falls
9th Nov 2015 14:10
(ShareCast News) - The FTSE 100 started the day on a high but slowly started to sink into the red, with the market down 4.22 (0.07%) by mid-afternoon to 6,349.61 despite a strong performance from financials. Aberdeen Asset Management, Standard Chartered, Barclays and HSBC were all boosted by the ri
Read moreUtilities shares fall on back of downgrades
9th Nov 2015 09:57
(ShareCast News) - Utility companies have taken a hit on the back of downgrades from a number of investment banks. Societe Generale cut its rating for United Utilities from 'buy' to 'hold' despite an expectation of reassuring first half results due out on 25 November. It said the recent strong shar
Read moreFriday broker round-up
9th Oct 2015 16:28
(ShareCast News) - Ferrexpo: UBS upgrades to neutral, cuts target price to 36.00p. Carillion: Investec Securities downgrades to hold. Target price: 300.00p. Weir Group: RBC Capital Markets downgrades to underperform, bumps down target price to 50.00p. United Utilities Group: Credit Suisse upgrades
Read moreLondon pre-open: Stocks to start lower after Chinese PMI data
23rd Sep 2015 07:23
(ShareCast News) - Investors were expected to focus on global manufacturing data and central bank talk on Wednesday after US stocks struggled to find their footing in the previous session. The Footsie was being called to start the day lower by 53 points to 5,882. As of 07:32 the Shanghai Stock Exch
Read moreUnited Utilities revenue expected to remain flat, profit to dip
23rd Sep 2015 07:11
(ShareCast News) - United Utilities has announced group revenue for the six months to 30 September is likely to remain flat. The FTSE 100 listed group released a trading update on Wednesday, and said the impact of lower regulated revenue is offset by slightly higher non-regulated sales. Profit for
Read moreSunday share tips: Dairy Crest, Cluff Natural Resources, tightening cycle stocks
20th Sep 2015 15:08
(ShareCast News) - Dairy Crest shares are worth buying, said Danny Fortson in the Sunday Times' Inside the City column. Investors are currently awaiting a Competition & Markets Authority decision on 19 October whether to allow Dairy Crest to sell its dairy business, roughly two thirds of group sales
Read moreBroker tips: Glencore, Amlin, United Utilities
8th Sep 2015 16:00
(ShareCast News) - JPMorgan Cazenove upgraded Glencore to 'neutral' from 'underweight' and lifted its price target to 150p from 130p. It said the miner's debt-reduction measures announced on Monday broadly address concerns over the sustainability of the investment grade credit rating. The bank now
Read moreUnited Utilities up sharply on SocGen upgrade
8th Sep 2015 10:48
(ShareCast News) - Shares in United Utilities spiked after Societe Generale upgraded the stock to 'buy' from 'hold', keeping the target price unchanged at 940p. The bank said the recent fall in the share price has resulted in a bare 14% premium to march 2015 market value debt versus 16% for Pennon a
Read moreFTSE 100 movers: Glencore and Antofagasta lead blue chips higher
7th Sep 2015 15:20
(ShareCast News) - The FTSE 100 began the week on the front foot, lifted by commodities giants Glencore and Antofagasta. With less than an hour before the London session's close, the blue chip index was up 0.48% at 6,071.64 points. Glencore was surging on the back of its new plan to pare back its $
Read moreUnited Utilities rallies on Bernstein upgrade; Centrica also lifted
7th Sep 2015 14:31
(ShareCast News) - United Utilities rallied after Bernstein upgraded the stock to 'outperform' from 'market perform' and lifted the price target to 1,050p from 1,040p. It said the upgrade was motivated by the valuation gap that has opened between it and Severn Trent since it downgraded both stocks t
Read moreUnited Utilities water bug warning remains in place
7th Aug 2015 15:06
(ShareCast News) - United Utilities said on Friday that it is continuing to advise customers in Lancashire to boil their water before use after a routine test at Franklaw water treatment works in Preston found small traces of a microscopic bug in the water. Customers in Blackpool, Chorley, Fylde, Pr
Read moreFTSE 100 movers: Anglo American leads miners higher, Burberry hit by weak Asian sales
15th Jul 2015 14:36
(ShareCast News) - London markets were subdued on Wednesday, as strong performances from telecommunications, insurance and property stocks were offset by weakness in the oil, engineering and software sectors. As of 14:30 BST, the FTSE 100 was trading flat at 6,762. On the corporate front, Anglo Ame
Read moreFTSE 100 movers: Travel stocks rebound, but supermarkets dip on Kantar data
30th Jun 2015 13:06
UK stocks extended losses on Tuesday, as the recovery in travel stocks was offset by weakness in supermarkets and miners. As of 14:30 BST, the FTSE 100 was trading 0.6% lower at 6,583. Travel stocks including TUI, Easyjet and IAG rebounded from Monday's losses, which followed disruption to tourism
Read more