Tuesday broker round-up UPDATE
12th Nov 2013 09:20
Accesso: Canaccord Genuity raises target price from 680p to 770p and keeps a buy recommendation. Andor Technology: FinnCap places both its target price (prev.: 390p) and its hold recommendation under review. Babcock International: Jefferies increases target price from 1250p to 1600p retaining a bu
Read moreCash rich Vodafone hits H1 numbers and lifts capex programme - UPDATE
12th Nov 2013 07:05
- Q2 revenue down 4.9 per cent - EBITDA down 4.1 per cent - H1 divi up 8 per cent, 84bn-dollar special divi to come Vodafone's organic revenues fell in line with company guidance in the second quarter, while the prospect of cash returns and accelerated investment plans impressed the market. Orga
Read moreTuesday preview: Vodafone interims, UK and German inflation
11th Nov 2013 15:18
Vodafone will on Tuesday announce the details of its so-called Project Spring investment programme in next generation mobile. The wireless operator is increasing its spending in speeding up the pace of its network in countries around the world. The company will provide further information on its
Read moreSunday newspaper round-up: Serco, Energy companies, Economic growth
10th Nov 2013 17:04
Serco will warn on November 14th that it will not meet forecasts for annual profits, the Sunday Times reported. The outsourcing company has been hit by Government allegations of fraud in contracts to tag prisoners. Investors had expected Serco to report annual profits of about £326m but analysts now
Read moreLondon close: FTSE closes marginally higher as Fed reveals divide
1st Nov 2013 16:22
- FTSE inches higher by close - Barlcays suspends six FX traders - Fed officials reveal their divided opinions - PO staff call off Monday's strike at bigger branches techMARK 2,657.61 -0.17% FTSE 100 6,734.74 +0.05% FTSE 250 15,455.69 -0.16% The FTSE ultimately settled marginally higher after sma
Read moreFTSE 100 movers: Meggitt shares hammered after update
1st Nov 2013 15:17
Meggitt had a double dose of bad news for investors as it told them trading had been "slightly" below expectations and a supply hiccup could cost 20m pounds. The FTSE 100 aerospace and defence manufacturer warned it now expected 2013 revenue growth rates to be in the "low single digits". It had give
Read moreSector movers: Vodafone leads telecoms sector higher
1st Nov 2013 15:14
Vodafone led the telecoms sector higher on the back of growing speculation that US giant AT&T is plotting a takeover of the UK mobile company. Executives at AT&T were putting together plans for a possible takeover of the company next year, reported Bloomberg, citing people familiar with the situat
Read moreLondon midday: FTSE higher on mixed data and Vodafone takeover talk
1st Nov 2013 11:25
- Shares trading modestly higher by lunchtime - Manufacturing PMI comes in below expectations - Vodafone leaps on takeover chatter, Meggitt slumps techMARK 2,653.51 -0.32% FTSE 100 6,732.87 +0.02% FTSE 250 15,468.65 -0.07% The FTSE was slightly higher by the midday point, as investors weighed up
Read moreVodafone shares gain as report fuels AT&T takeover speculation
1st Nov 2013 08:51
Shares in Vodafone were lifted by growing speculation that US giant AT&T was plotting a takeover of the UK mobile company. Executives at AT&T were putting together plans for a possible takeover of the company next year, reported Bloomberg citing people familiar with the situation. The report sai
Read moreLondon open: FTSE slips into red despite positive start
1st Nov 2013 08:20
- FTSE initially opens higher before dropping into red - RBS to avoid 'good/bad' bank break-up - AT&T planning to take stake in Vodafone, reports claim techMARK 2,654.18 -0.29% FTSE 100 6,731.31 -0.00% FTSE 250 15,449.06 -0.20% The FTSE inched higher in early trading, but was soon down in the red,
Read moreVodafone looks to raise stake in Indian unit to 100 per cent
30th Oct 2013 09:07
Vodafone on Tuesday asked New Delhi for authorisation to raise its stake in its local unit to 100 per cent. It would pay about 101.4bn rupees (£1.02bn) for the holding. The price for the additional 15.5% stake in Vodafone's largest business by subscribers implies an approximate £6.6bn price tag fo
Read moreBroker tips: Vodafone, Whitbread, ARM, De La Rue
23rd Oct 2013 12:15
Credit Suisse has hiked its target price for telecoms group Vodafone from 195p to 245p, saying that it sees a 50 per cent probability of a bid from US counterpart AT&T. However, one possible "red line" for the American company could be that a bid may put its own dividend cover at risk, the bank sug
Read moreLondon midday: Markets pull back from five-month high as banks fall
23rd Oct 2013 11:15
Concerns over the Chinese economy and a weak performance by banking stocks halted a nine-day winning streak for UK markets on Wednesday, as investors chose to take profits following a strong run. The FTSE 100 snapped a nine-day winning streak this morning, pulling back from Tuesday's finish of 6,69
Read moreBroker snap: Credit Suisse sees 50 per cent chance of AT&T bid for Vodafone
23rd Oct 2013 10:34
Credit Suisse has hiked its target price for telecoms group Vodafone from 195p to 245p, saying that it sees a 50 per cent probability of a bid from US counterpart AT&T. The bank values Vodafone at just 210p on a "resting" basis assuming no bid, but values it at 280p if AT&T were to decide to bid fo
Read moreWednesday broker round-up UPDATE
23rd Oct 2013 09:28
Abcam: Numis downgrades to add with a target price of 570p. ARM Holdings: Deutsche Bank increases target price from 1080p to 1130p and maintains a buy recommendation. JP Morgan raises target price from 625p to 750p and leaves its neutral rating unaltered. Societe Generale ups target price from 640p
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