FTSE 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 moreVesuvius trading in line, but markets remain mixed
15th May 2014 10:09
Molten metal flow engineering group Vesuvius said that first-quarter trading was in line with expectations but conditions in many regions remain challenging. The company said it has seen "encouraging signs of increased activity in some markets", particularly in Europe, but trading remains mixed els
Read moreInvestec ups Vesuvius to a 'buy' from 'hold'
10th Mar 2014 12:08
Following the recent underperformance by shares of Vesuvius, analysts at Investec have decided to move to a 'buy' recommendation on the stock. In their opinion, self-help measures including efficiency improvements and mix enhancement constitute a de-risking of the investment case. Together with it
Read moreMonday broker round-up UPDATE
10th Mar 2014 08:43
African British Foods: UBS raises target price from 2890p to 3300p and keeps a buy recommendation. BBA Aviation: Citi ups target price from 335p to 385p and reiterates a buy recommendation. Capita Group: Liberum Capital increases target price from 880p to 1100p upgrading to hold. Centrica: Credit
Read moreWednesday broker round-up UPDATE
5th Mar 2014 10:02
Abcam: Investec reduces target price from 552p to 480p and reiterates its buy recommendation. Numis upgrades from hold to buy with a target price 510p. Advanced Medical Solutions: Canaccord Genuity shifts target price from 94p to 101p and keeps a hold recommendation. African Barrick Gold: Nomura r
Read moreWednesday tips round-up: Tullett Prebon, Vesuvius
5th Mar 2014 07:20
Despite cutting costs, margins at inter-dealer broker (IDB) Tullett Prebon fell last year. That came as revenues dropped by six per cent which together with the above pressured operating profits eight per cent lower. The main drivers of those trends were the increased focus by some banks on cutting
Read moreVesuvius overcomes market challenges to deliver annual profit
4th Mar 2014 10:51
Vesuvius, a company focused on molten metal flow engineering, cheered investors after reporting an increase in trading profit despite challenging market conditions and an 'unfavourable' economic environment. The company, which is listed on the FTSE 250, delivered a 6.6% increase in reported tradin
Read moreLondon close: Stocks end week on a high
21st Feb 2014 16:20
- FTSE closes up 25 points - Retail sales come in below expectations - US home sales fall 5.1 per cent in January techMARK 2,891.86 +0.55% FTSE 100 6,838.06 +0.37% FTSE 250 16,460.88 +0.56% It was a strong finish for the FTSE today, despite retail sales showing a sharp drop for January. The FTS
Read moreFTSE 250 movers: IP Group jumps on IPO of portfolio group Xeros
21st Feb 2014 13:57
Intellectual property company IP Group soared after announcing plans to float its portfolio company Xeros on the AIM market. Around a third of washing machine firm Xeros will be put up for sale, which is expected to raise between £30-40m. IP believes it will allow Xeros to "accelerate the roll-out
Read moreFriday broker round-up UPDATE
21st Feb 2014 10:11
Barratt Developments: JP Morgan raises target price from 360p to 420p, while downgrading to neutral. Bellway: JP Morgan takes target price from 1450p to 2000p and retains an overweight rating. Bodycote: UBS initiates with a target price of 800p and a buy recommendation. Bovis Homes Group: JP Morg
Read moreMonday broker round-up UPDATE
3rd Feb 2014 09:18
Advanced Computer Software: Panmure Gordon shifts target price from 132p to 139p and keeps a buy recommendation. AGA Rangemanager: Canaccord Genuity initiates with a target price of 300p and a buy recommendation. Avon Rubber: Canaccord Genuity initiates with a target price of 720p and a hold recom
Read moreMonday broker round-up UPDATE
13th Jan 2014 09:04
Admiral Group: Citi ups target price from 1220p to 1256p and reiterates a neutral rating. Afren: Nomura increases target price from 170p to 210p and stays with its neutral rating. Alternative Networks: Westhouse Securities increases target price from 445p to 540p reiterating its add rating. Amlin
Read moreLondon pre-open: FTSE to open marginally lower
25th Oct 2013 07:40
City sources predict the FTSE 100 will open around nine points lower than yesterday's close of 6,713.18, as investors pause ahead of today's report on UK gross domestic product (GDP). GDP is pegged to rise to 1.5% from 1.3% the previous quarter, consensus showed. The report comes after the Bank of
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