Friday preview : Vodafone unveils trading update
18th Jul 2013 14:41
With a slate of economic data out of the way, investors will turn their attention to Vodafone's trading update on Friday. The telecoms giant last month sealed the deal on its acquisition of Kabel Deutschland following months of speculation. Vodafone agreed to buy Germany's biggest cable operator
Read moreBroker snap: Deutsche Bank raises Vodafone to 'buy' despite sector challenges
16th Jul 2013 10:56
In a report on the European telecommunications sector, Deutsche Bank has upgraded Vodafone to 'buy' from 'hold' but concludes that fundamentals continue to present a challenge for the sector. Analysts at the German bank explained that European telecoms are overvalued in historical terms due to incr
Read moreThursday broker round-up UPDATE
11th Jul 2013 08:23
Afren: JP Morgan reduces target price from 195p to 165p and downgrades to underweight. Associated British Foods: Panmure Gordon increases target price from 1800p to 2100p upgrading from hold to buy. AVEVA Group: JP Morgan ups target price from 2300p to 2430p and retains a neutral rating. Aviva: M
Read moreMonday broker round-up UPDATE
8th Jul 2013 08:48
Anglo American: Exane reduces target price from 1700p to 1400p and reiterates its underperform rating. Anite Group: Investec raises target price from 135p to 155p and upgrades from hold to buy. Ashmore Group: RBC Capital Markets takes target price from 440p to 375p and keeps its neutral rating. B
Read moreVodafone expands business customer offering in Africa
5th Jul 2013 11:00
Vodafone plans to double its country coverage in Africa with two new hubs to support corporate customers in the continent. The telecoms giant said these services would assist corporate customers that were hitherto "daunted" by the challenge of setting up operations in the continent. Vodafone has a
Read moreLondon midday: Markets rangebound after recent gains
28th Jun 2013 11:23
The FTSE 100 erased early gains by Friday lunchtime with markets rangebound on the last day of trading before the end of the second quarter, with traders pausing for breath after strong gains seen over the past three sessions. Since hitting a five-month low of 6,029 on Monday, the benchmark index h
Read moreBroker tips: Vodafone, Serco, SABMiller
28th Jun 2013 10:51
Deutsche Bank has upgraded its rating for Vodafone from 'hold' to 'buy', saying that a takeover of Kabel Deutschland (KDG) could push the British telecoms group towards potential value crystallisation. "We think a KDG deal, consistent with our convergent thesis, is likely the tipping point for a Ve
Read moreBroker snap: Deutsche Bank upgrades Vodafone to 'buy'
28th Jun 2013 10:14
Deutsche Bank has upgraded its rating for Vodafone from 'hold' to 'buy', saying that a takeover of Kabel Deutschland (KDG) could push the British telecoms group towards potential value crystallisation. In a research report on Friday, the broker said: "We think a KDG deal, consistent with our conver
Read moreLondon open: Gains extended into fourth day
28th Jun 2013 08:38
The FTSE 100 looked set to deliver its fourth consecutive day of gains on Friday, as it begins the final day of trading in the second quarter in a positive fashion. Since hitting a five-month low of 6,029 on Monday, the benchmark index has rebounded strongly over the past few sessions, gaining nea
Read moreFriday broker round-up UPDATE
28th Jun 2013 08:32
BAE Systems: Deutsche Bank increases target price from 375p to 400p, while downgrading to hold. Barclays: Bank of America moves target price from 430p to 410p, while its buy recommendation remains unaltered. Booker Group: Investec shifts target price from 140p to 141p and keeps its buy recommendat
Read moreLondon close: Markets rebound strongly, Carnival jumps late on
25th Jun 2013 16:44
The FTSE 100 rebounded strongly with a 1.2 per cent jump on Tuesday after coming close to its 2013 low the day before, as concerns over a liquidity crunch in China and reduced stimulus in the US eased, for the time being at least. London's benchmark index finished the session up 73 points at 6,102,
Read moreLondon midday: Stocks rise as policymakers speak out
25th Jun 2013 11:21
The FTSE 100 rebounded strongly on Tuesday morning after falling to a fresh five-month low the day before, as policymakers from China and the US spoke out to downplay fears that have sparked market volatility over recent weeks. Renewed concerns over a slowdown in China and ongoing worries about a s
Read moreLondon open: Stocks rebound ahead of key US data
25th Jun 2013 08:31
UK markets opened with decent gains on Tuesday morning, rebounding after having closed at levels not seen since early January the day before. Renewed concerns over a slowdown in China and ongoing fears about a scaling back of stimulus in the States prompted another steep sell-off across global equ
Read moreTuesday broker round-up UPDATE
25th Jun 2013 07:24
African Barrick Gold: Morgan Stanley reduces target price from 200p to 140p, while leaving its equal-weight rating unaltered. Deutsche Bank lowers target price from 153p to 137p leaving its hold recommendation unchanged. African Minerals: Deutsche Bank lowers target price from 586p to 570p, while k
Read moreLondon close: Markets suffer another sell-off as sentiment remains fragile
24th Jun 2013 16:41
Markets suffered another heavy sell-off on Monday, sending the FTSE 100 to levels not seen since the start of the year, as concerns over a slowdown in China and last week's Federal Reserve policy meeting continuing to hit markets across the globe. London's FTSE 100 finished the day down 87 points,
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