Tuesday broker round-up UPDATE
30th Apr 2013 08:20
Aberdeeen Asset Management: Morgan Stanley raises target price from 478p to 548p retaining an overweight rating. Bank of America ups target price from 455p to 475p and leaves its neutral rating unchanged. JP Morgan increases target price from 532p to 573p and maintains an overweight rating. Citigrou
Read moreVodafone powers Mahindra Reva's e20 connected car
29th Apr 2013 07:25
Telecommunications giant Vodafone has reported that Mahindra Reva Electric Vehicles, part of the automotive, defence and energy multinational Mahindra Group, has partnered its recently launched e2o electric vehicle with Vodafone's machine-to-machine (M2M) communication services. According to Voda
Read moreSunday newspaper round-up: ENRC, Marks&Spencer, Prudential
28th Apr 2013 14:34
In a letter dated April 12th, and seen by The Sunday Times, law firm Dechert alleges that ENRC - the FTSE 100 listed copper miner - engaged in several inappropriate actions, including "payments to African presidents" and $35m of misappropriated cash. The company has denied those claims. Dechert was
Read moreLondon close: Markets underwhelmed by strong growth figures
25th Apr 2013 17:00
UK growth figures prompted a mixed reaction on stock markets on Thursday as stronger-than-expected activity in the first quarter quashed hopes that the Bank of England (BoE) would ramp up its quantitative easing programme in order to kick-start the economy. Nevertheless, data from the States lifted
Read moreSector movers: Vodafone and BT lift telecoms higher
25th Apr 2013 14:25
Telecoms stocks were in demand on Thursday with Vodafone on the rise on renewed M&A speculation and BT gaining on reports that it is seeking a new mobile-phone partner. Shares in Vodafone were up 1.8% at 196.6p in afternoon trade after Reuters said last night that joint-venture partner Verizon Comm
Read moreLondon midday: Stocks fall as GDP data quashes stimulus hopes
25th Apr 2013 11:46
Better-than-expected growth figures from the UK underwhelmed stock markets on Thursday morning, tempering hopes that the Bank of England (BoE) would ease policy to boost the economy. Stocks have risen strongly over the past few days after a number of disappointing economic figures from the Eurozone
Read moreBroker tips: Vodafone, AstraZeneca, Admiral
25th Apr 2013 10:51
A potential offer by Verizon (VZ) for Vodafone's stake in their US wireless joint venture would have to increase substantially to please the British telecom group's shareholders, according to Jefferies. Jefferies said: "The glaring issue raised by last night's [Reuters] article is of course price.
Read moreBroker snap: Potential offer undervalues Vodafone's VZW stake, says Jefferies
25th Apr 2013 10:21
A potential offer by Verizon (VZ) for Vodafone's stake in their US wireless joint venture would have to increase substantially to please the British telecom group's shareholders, according to Jefferies. According to Reuters on Wednesday evening, Verizon could propose a $100bn cash-and-stock bid for
Read moreThursday broker round-up UPDATE
25th Apr 2013 09:07
Barclays: Morgan Stanley lowers target price from 438p to 424p and reiterates an overweight rating. Bellzone Mining: Investec reduces target price from 21p to 5.28p and downgrades to hold. BG Group: Bank of America cuts target price from 1300p to 1250p retaining a neutral rating. Brown (N) Group:
Read moreMonday broker round-up UPDATE
22nd Apr 2013 07:20
Admiral Group: Deutsche Bank takes target price from 1140p to 1300p retaining a hold recommendation. African Barrick Gold: Deutsche Bank ups target price from 173p to 180p staying with its hold recommendation. Albemarle & Bond: Canaccord Genuity reduces target price from 280p to 146p and downgrade
Read moreSunday newspaper round-up: FTT, GDP, Vodafone
21st Apr 2013 18:15
The Chancellor has launched legal action to block the European Union-wide levy on financial transactions (FTT) which traders fear could have a devastating impact on the City. More specifically, Osborne is worried by the fact that the levy will apply even to those countries who opt out of the agreeme
Read moreLondon close: ENRC and miners give markets a boost
19th Apr 2013 16:33
London's stock markets ended the week on a positive note, finishing with decent gains following a five-day losing streak, with mining stocks doing their best to recover after the recent sell-off. ENRC was a standout performer in the sector, surging by over a quarter by the close on the back of repo
Read moreFTSE 100 movers: ENRC rockets on possible takeover plans
19th Apr 2013 16:01
Mining stocks were performing well as investors sought gains after a volatile week for the sector. Vedanta, EVRAZ and Fresnillo were all making decent gains by mid-afternoon. ENRC shares surged Friday after major shareholder Alexander Machkevitch said he was considering a takeover bid for the Kaza
Read moreLondon midday: Mining rebound lifts markets higher
19th Apr 2013 11:57
The FTSE 100 rebound on Friday morning after a five-day losing streak as strong gains in the mining sector lifted London's benchmark higher. "Clients who went bargain hunting in the mining space after the aggressive sell-off earlier in the week have been rewarded this morning, as the sector bounces
Read moreLondon open: FTSE 100 snaps five-day losing streak
19th Apr 2013 08:20
The FTSE 100 looks set to finish the week on a brighter note, rebounding after a five-day losing streak, as strong gains in the mining sector lifted London's benchmark higher in early trading on Friday morning. "European markets opened confidently today as investors decided to take an optimistic vi
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