Sector movers: Industrial stocks rise as bid speculation boosts can maker Rexam
5th Feb 2015 15:58
M&A speculation surrounding Rexam sparked a surge in industrial stocks in London on Thursday after the beverage can maker confirmed rumours that it has been approached by Ball Corporation. Rexam's shares were up nearly 21% at 539.5p by the close after the company said it had held talks with Ball Cor
Read moreLondon open: Ebola fears hit UK stocks after NY doctor tests positive for virus
24th Oct 2014 08:35
UK stocks experienced some selling pressure on Friday morning after rising to their highest in two weeks, as renewed concerns about the spread of Ebola weighed on market sentiment. The FTSE 100 was down 0.6% at 6,380 in early deals, after having closed Thursday's session at 6,419.15, its highest fin
Read moreVesuvius trading in line, but conditions 'challenging'
24th Oct 2014 07:56
Molten metal flow engineering firm Vesuvius said it has seen a "softening in market conditions in certain regions" since the half-year stage, but its full-year outlook hasn't changed. Trading in the third quarter has been in line with the board's expectations, it said, despite annual growth in the g
Read moreThursday broker round-up UPDATE
16th Oct 2014 08:57
Afren: Investec cuts target price from 195p to 120p and reiterates its hold recommendation. Amerisur Resources: Investec lowers target price from 75p to 65p and maintains a buy recommendation. Antofagasta: UBS upgrades from sell to neutral with a target price of 710p. ARM Holdings: Credit Suisse r
Read moreThursday broker round-up UPDATE
25th Sep 2014 08:48
Amec: UBS raises target price from 1100p to 1215p upgrading from neutral to buy. Aquarius Platinum: Citi lowers target price from 26p to 22p maintaining a neutral rating. Arrow Global: Panmure Gordon ups target price from 335p to 360p and keeps a buy recommendation. Barr (AG): Numis ups target pri
Read moreBroker tips: ASOS, Vesuvius, Miners
16th Sep 2014 12:26
Brokerages have slashed their target prices for ASOS in the aftermath of a profit warning by the online fashion retailer on Tuesday, which sent shares sharply lower. Numis, JPMorgan Cazenove, Cantor Fitzgerald and Peel Hunt have all reduced their targets for the shares. "With no profit growth and o
Read moreUBS upgrades Vesuvius from 'sell' to 'buy'
16th Sep 2014 09:33
UBS has given molten metal flow engineering firm Vesuvius a double upgrade, raising its rating on the stock by two notches from 'sell' to 'buy' and lifting its forecasts above consensus. The bank said that the positive stance is based on: "1) confidence that self-help can deliver further margin impr
Read moreMonday broker round-up UPDATE
18th Aug 2014 09:54
Admiral Group: Credit Suisse reduces target price from 1425p to 1350p and stays with its neutral rating. Ophir Energy: RBC Capital reduces target price from 400p to 240p, while its neutral rating remains unchanged. Petra Diamonds: Westhouse Securities ups target price from 200p to 230p upgrading f
Read moreVesuvius to grow presence in steel and foundry industries
18th Aug 2014 08:14
Engineering group Vesuvius has agreed to purchase two businesses as part of its plan to build its presence in the steel and foundry industries. The molten metal engineering specialist paid a total of £30m for Ecil Met Tec and Process Metrix, which are both profitable and expected to enhance the gr
Read moreMonday broker round-up UPDATE
4th Aug 2014 10:10
Afren: Canaccord Genuity reinstates with a target price of 120p and a hold recommendation. Bodycote: N+1 Singer cuts target price from 850p to 835p, while staying with its buy recommendation. BT Group: Berenberg moves target price from 460p to 475p and maintains a buy recommendation. Espirito Sant
Read moreFriday broker round-up UPDATE
1st Aug 2014 10:33
AstraZeneca: Deutsche Bank ups target price from 3950p to 4000p staying with its hold recommendation. Avacta: Numis places both its target price and its buy recommendation under review. Barclays: Berenberg upgrades from sell to hold with a target price of 220p. Bodycote: UBS shifts target price f
Read moreFTSE 250 movers: Vesuvius rises on broker comment
9th Jul 2014 14:52
Vesuvius was one of the biggest fallers on the second tier this afternoon, pushed lower by BNP Paribas, which reiterated its 'neutral' rating on the stock, while WS Atkins and Entertainment One dropped after going ex-dividend. The progression of the integration of its UK Support Services business h
Read moreFTSE 250 movers: Petra Diamonds sparkles after latest discovery
13th Jun 2014 14:30
Miner Petra Diamonds has recovered an "exceptional" 122.52-carat blue diamond at its Cullinan mine in South Africa. "The rarity of a blue diamond of this magnitude sets it apart as a truly significant find," the company said in a statement. RBC Capital upped its target price from 180p to 200p, ret
Read moreFriday broker round-up UPDATE
13th Jun 2014 09:23
African Minerals: Deutsche Bank reduces target price from 316p to 249p maintaining a buy recommendation. Atkins: Numis ups target price from 1650p to 1700p and keeps a buy recommendation. JP Morgan reduces target price from 1619p to 1548p and reiterates its overweight rating. Ferrexpo: Deutsche Ba
Read moreFTSE 250 movers: Infinis lifted by broker rating
15th May 2014 14:58
Infinis rose strongly after Deutsche Bank upgraded the stock to 'buy' with a target price of 220p. The share price of Kier also rose after the construction, services and property group was named as a preferred bidder on two new long-term Anglian Water contracts and gave a positive update on third-q
Read more