Thursday broker round-up - UPDATE
24th May 2012 09:27
ARM Holdings: Jefferies reiterates buy recommendation and 485p target. ASOS: Investec keeps hold rating and 1,250p target. AstraZeneca: AlphaValue upgrades to BUY from add. Booker: Panmure Gordon upgrades from hold to buy. Bowleven: UBS slashes target from 105p to 70p, neutral rating unchanged.
Read moreWednesday broker round-up
23rd May 2012 09:29
Barclays: Investec maintains buy recommendation and 240p target. BTG: Jefferies keeps buy rating and 410p target. Burberry: Nomura remains a buyer with a 1,530p target; Merchant Securities keeps hold rating; Investec reiterates buy rating and 1,690p target. Cobham: UBS ups target from 255p to 260
Read moreLondon close: Financials, miners benefit from increase risk appetite
22nd May 2012 16:47
-Risk-on as miners and financials advance -Eurobonds in focus ahead of EU summit -OECD cuts Eurozone GDP forecast The FTSE 100 surged to its highest levels of the day on Tuesday as increased risk appetite bolstered gains for financial and mining stocks. Investors were looking ahead to tomorrow's EU
Read moreFTSE 100 movers: Miners wanted as risk appetite increases
22nd May 2012 15:48
There were just a handful of stocks registering losses on Tuesday afternoon, mainly the defensives, as investors shifted back into 'riskier' assets following a week of heavy losses. Real estate investment trust (REIT) peers Land Securities and Hammerson were among the worst performers, joined by su
Read moreBroker tips: Vodafone, M and S, HomeServe
22nd May 2012 12:12
Nomura has maintained its buy recommendation and 225p target price for telecoms giant Vodafone despite the group's sales guidance being adjusted down. "Vodafone has delivered steady enough full-year results, with guidance reflecting the uncertain outlook, but still committing to a flat cash-flow pe
Read moreBroker snap: Vodafone has less risk than peers, says Nomura
22nd May 2012 12:10
Nomura has maintained its buy recommendation and 225p target price for telecoms giant Vodafone despite the group's sales guidance being adjusted down. "Vodafone has delivered steady enough full-year results, with guidance reflecting the uncertain outlook, but still committing to a flat cash-flow pe
Read moreLondon midday: Stocks rise ahead of EU summit
22nd May 2012 12:00
- Miners wanted on Chinese stimulus speculation - Fitch downgrades Japanese rating - Markets await EU summit tomorrow, OECD backs eurobonds The FTSE 100 held on to its earlier gains by Tuesday lunchtime as investors look ahead to tomorrow's EU summit with optimism, as pressure builds on Eurozone l
Read moreTuesday broker round-up - UPDATE
22nd May 2012 09:26
Chamberlin: Charles Stanley maintains buy rating and 175p target. easyJet: Investec upgrades from hold to buy, target hiked from 500p to 670p. HomeServe: Charles Stanley cuts target from 290p to 250p, rating under review; Jefferies maintains underperform rating and 195p target. Inmarsat: UBS cut
Read moreVodafone milking US cash cow but southern Europe struggles
22nd May 2012 09:12
Britain's biggest mobile phone company, Vodafone, is finding life tough in southern Europe but the cash keeps rolling in from the US. In the 12 months to the end of March, group revenue rose 1.2% to £46.4bn, slightly ahead of forecasts of £46.3bn. Earnings before interest, tax, depreciation and a
Read moreLondon open: Footsie jumps one per cent early on
22nd May 2012 08:45
- ECB provides 100bn euros to Greece - Markets await EU summit - Miners, financials on the up early on London's blue chips surged in early morning trading on Tuesday as stocks continued to rebound following a poor performance last week ahead of an eagerly awaited summit of European leaders tomorrow
Read moreLondon pre-open: Strong rise expected
22nd May 2012 07:32
The Footsie is expected to make its second day of gains on Tuesday, following a poor performance last week. City sources are predicting the blue chip index to rise around 50 points from yesterday's close of 5,304. It was revealed last night by The Financial Times that the European Central Bank (ECB
Read moreOrganic service revenue growth picks up at Vodafone
22nd May 2012 07:04
Mobile phone networks giant Vodafone is expecting underlying growth in adjusted operating profit and stability in free cash flow in the current financial year. In the year just gone (ending March 31st), group revenue rose 1.2% from a year earlier to £46.4bn, slightly ahead of forecasts of £46.3bn.
Read moreTuesday preview: Vodafone, Marks and Spencer, UK inflation
21st May 2012 15:52
Footsie stalwarts Vodafone and Marks and Spencer will both be vying for attention early doors on Tuesday. Full year results from Vodafone should see the group's pre-tax profit break through the £10bn barrier. Consensus estimates are for profit before tax of £10.26bn for the year to March 31st, up
Read moreWeek Ahead: Vodafone, Marks and Spencer, MPC minutes
18th May 2012 10:22
Full year results from Vodafone should see the group's pre-tax profit break through the 10bn pounds barrier. Consensus estimates are for profit before tax of £10.26bn for the year to March 31st, up from £9.5bn the year before. However, earnings per share are predicted to slip to 15.77p from 16.75p
Read moreVodafone's Deputy Chairman hangs up
16th May 2012 10:04
Sir John Buchanan, the Deputy Chairman and Senior Independent Director on the Vodafone board, is to retire after the mobile phone network giant's annual general meeting on July 24th. Following this change, Luc Vandevelde, former Chairman of Marks & Spencer and one of the world's most famous Belgian
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