Monday broker round-up
23rd Jul 2012 09:31
Abcam: Numis downgrades to add. Aberdeen Asset Management: Peel Hunt upgrades to buy. Barclays: Nomura keeps reduce rating and 210p target. Beazley: Nomura ups target from 147p to 165p, neutral rating kept. Hammerson: Jefferies maintains buy rating and 487p target. Home Retail: Numis upgrades t
Read moreSunday share tips: Rentokil, Lloyds,Vodafone
22nd Jul 2012 21:23
Rentokil is due to release its second-quarter results early in August and the market will be interested in just one thing - has City Link been sorted out? Rentokil's other two main divisions - the pest control business and its textile hire and cleaning services division - are both robustly profitabl
Read moreLondon close: Time to cut the Gordian knot?
20th Jul 2012 17:07
- Spanish bond yields soar - Sicily´s non-collected receivables rise to EUR 15.7bn - Valencia asks Madrid for help - Resolution leads the Footsie lower Equity markets across Europe tanked on Friday afternoon, presumably on the back of concerns over Spain's financial health, with capital markets in
Read moreBroker tips: Vodafone, GKN, Aviva
20th Jul 2012 12:54
Jefferies has maintained its 'hold' rating for telecoms group Vodafone saying that the highlight of the first-quarter statement is the uptick in competitive pressures across several markets. "We see downside risk to consensus controlled free cash flow forecasts at three levels (lower revenues, less
Read moreBroker snap: Competitive pressures rise for Vodafone
20th Jul 2012 12:53
Jefferies has maintained its 'hold' rating for telecoms group Vodafone saying that the highlight of the first-quarter statement is the uptick in competitive pressures across several markets. The figures came in slightly below consensus estimates. In particular, group service revenues grew 0.6% com
Read moreLondon midday: Rising Spanish bond yields dampen stocks
20th Jul 2012 11:37
- Footsie pulls back after hitting two-month high - UK borrowing, Spanish bond yields weigh on sentiment - Resolution tanks after cancelling capital return European markets were trading moderately lower on Friday morning, pulling back after a strong performance on the week so far. In London, sentim
Read moreFriday broker round-up
20th Jul 2012 10:17
Capita: UBS ups target from 725p to 740p, buy rating unchanged. Euromoney: Peel Hunt downgrades to hold. Gulf Keystone: HSBC upgrades to overweight. Halfords: UBS cuts target from 240p to 205p, neutral rating kept; HB Markets upgrades to buy. Hammerson: Bank of America Merrill Lynch downgrades t
Read moreLondon open: Footsie pulls back as Resolution tanks
20th Jul 2012 08:43
- Resolution drops after cancelling capital return - Footsie edges back from two-month high - Eurogroup to discuss Spanish assistance The FTSE 100 opened firmly in the red on Friday morning, tracking US and Asian markets lower overnight; Resolution and Vodafone were among the worst performers in Lo
Read moreLondon pre-open: Asian stocks to drag FTSE lower
20th Jul 2012 07:34
City sources predict the FTSE 100 will open down 13 points from yesterday's close of 5,714, tracking declines seen in Asian stocks after the Chinese government announced that it wants local authorities to keep property price control policies tight. A third set of gains in the US is not thought to be
Read moreVodafone hit by European weakness
20th Jul 2012 07:04
Reported revenues at telecoms giant Vodafone declined in the first quarter with unfavourable foreign exchange movements in Europe providing a drag. Nevertheless, the group said that trading was in line with expectations and the outlook for the full year is maintained. Group revenue totalled £10,76
Read moreLondon close: Corporate earnings provide a boost
19th Jul 2012 16:59
- Markets lifted by a series of upbeat earnings - IMF urges Britain to do more - Economic data from the US maybe not as weak as it appears A barrage of upbeat earnings reports from some heavyweight stocks across the US and Europe lifted sentiment today, sending the Footsie to its highest closing le
Read moreFriday preview: Italy set to drag down Vodafone
19th Jul 2012 16:54
Friday's big corporate announcement is from Vodafone, which will give an update covering the first quarter of its financial year. Broker Nomura is expecting organic growth of 0.7%, down from year-on-year growth of 2.3% in the preceding quarter. Stripping out the impact of an additional day in the r
Read moreFTSE 100 movers: A tale of two companies, Vodafone and Hermes
19th Jul 2012 14:36
Natural gas group BG was under the weather after Credit Suisse downgraded the stock to 'neutral' and cut its target price from 1,660p to 1,500p. Shares in Vodafone have moved into the second to worst spot on the top share index after it became known that Verizon Communications´s conference call ag
Read moreVodafone and Three to share infrastructure in Ireland
13th Jul 2012 15:35
Telecoms giant Vodafone has announced that it is teaming up with mobile phone network group Three to share their physical network and site infrastructure in Ireland. Both Vodafone Ireland and Three Ireland will continue to run the network separately, but a JV - 50% owned by each firm - has been set
Read moreWeek Ahead: Sage, Vodafone, Kingfisher, BoE minutes
13th Jul 2012 14:09
Thursday is the big day for results next week with retail giants Sports Direct, Halfords, Kingfisher and Mothercare all set to update the market. Accountancy software behemoth Sage is first out to bat on Monday, however, with an interim management state (IMS) which will be followed on Tuesday with
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