Tuesday broker round-up UPDATE
18th Jun 2013 08:19
Alternative Networks: Westhouse Securities upgrades from neutral to add with a target price of 350p. Andes Energia: Westhouse Securities initiates with a target price of 60p and a buy recommendation. Andor Technology: Investec reduces target price from 525p to 360p downgrading from buy to hold. A
Read moreLondon pre-open: Stocks to start the week lower after Chinese data
3rd Jun 2013 07:40
Markets are expected to be under pressure on Monday morning after economic figures from China showed that the manufacturing sector contracted at a faster-than-expected rate in may. The final reading of the Chinese manufacturing purchasing managers' index (PMI) was revised lower to 49.2, worse than
Read moreVesuvius exits precious metals processing to focus on core
3rd Jun 2013 07:21
Metal flow engineering group Vesuvius has completed the sale of its Precious Metals Processing Division to a division of German industrial production giant L Possehl & Co mbH, leaving the company able to narrow its focus on its core operations. The disposal, first announced in the spring, was a "i
Read moreSTOXX announces changes to Europe 600 Index
29th May 2013 11:14
STOXX Limited has announced the addition and deletion of UK company stocks from its Europe 600 Index as part of a quarterly review. The global index provider, which covers world markets, will delete Spirent Communications, National Express Group, Vesuvius, Kazakhmys, Eurasian Natural Resources (ENR
Read moreTuesday broker round-up UPDATE
21st May 2013 07:12
Antofagasta: Canaccord Genuity reduces target price from 1065p to 1040p, while leaving its hold recommendation unchanged. Barratt Developments: Goldman Sachs takes target price from 351p to 371p maintaining a buy recommendation. Big Yellow Group: Investec increases target price from 370p to 430p a
Read moreLondon open: Stocks pull back after strong gains
17th May 2013 08:32
The FTSE 100 registered moderate falls in early trading on Friday in aftermath of a series of disappointing economic figures, as markets pulled back after a strong showing over the last two weeks. London's benchmark index has gained around 4.0% since the start of May, rising to levels not seen sinc
Read moreVesuvius expects revenues to fall this year
17th May 2013 07:32
Vesuvius, a molten metal flow engineering company, said it expects its 2013 revenue to fall following restructuring and disposals. Trading has been broadly flat this year and production of steel and foundry has been affected by difficult market conditions, according to an interim statement Friday.
Read moreWessex Exploration directors keep the faith
23rd Apr 2013 16:26
Three directors at Wessex Exploration have demonstrated their support for the oil and gas group after it said no hydrocarbons were found at the GM-ES-3 well in French Guiana. Drilling activities have been terminated and the well is being plugged and abandoned, the firm said. The biggest purchase
Read morePolymetal International Chief buys 100,000 shares
19th Apr 2013 08:12
The Chief Executive Officer of Polymetal International has purchased 713,750 pounds-worth of shares, just two days after the FTSE 100 mining group reported that the Mayskoye mine in Russia had produced its first dry gold concentrate. Vitaly Nesis celebrated the news with the purchase of 100,000 sh
Read moreIthaca Energy director adds 40,000 shares to existing stake
8th Apr 2013 15:53
Ithaca Energy's Non-Executive Director, John Summers, has purchased 40,000 shares in the company, boosting his stake to 254,700. The purchase was made ahead of its announcement that it has contracted the services of Applied Drilling Technology International (ADTI) for development drilling at its Gr
Read moreOutgoing Hornby manager trades in 400,000 shares
4th Apr 2013 16:05
Frank Martin, the former Chief Executive of Hornby, which is best known for its model train sets and Scalextric racing kits, has reduced his stake in the group ahead of his retirement in June. Martin, who since announcing his retirement has occupied the role of Deputy Chairman, traded in 400,000 s
Read moreSector movers: Industrials lower as RPC warns of challenging conditions
28th Mar 2013 15:19
Industrial stocks were among the worst performers of the day on Thursday after a gloomy trading update from RPC Group weighed on the sector. FTSE 250-listed rigid plastic packaging manufacturer RPC saw shares drop as much as 12% after saying this morning that foreign exchange and challenging econom
Read moreTwo Sports Direct execs sell off entire stakes
28th Mar 2013 15:03
The Chief Executive Officer and Finance Director of Sports Direct, the High Street sports retailer, sold off their entire holdings in the firm this week following a strong share-price performance over the last year. David Forsey and Robert Mellor both offloaded their remaining 803,922 shares each i
Read moreVesuvius narrows focus after disposal of non-core precious metals unit
27th Mar 2013 07:59
Vesuvius, the FTSE 250 metal flow engineering firm that was formed from the demerger of Cookson last year, is to offload its non-core Precious Metals Processing Division (PMP) and return proceeds of the disposal to shareholders. PMP will be sold to Heimerle + Meule (H+M), a German supplier in the p
Read moreMonday broker round-up UPDATE
25th Mar 2013 07:12
Amur Minerals Corporation: HB Markets initiates with a speculative buy. ARM Holdings: Bank of America Merrill Lynch reiterates buy and 1,145p price target. AstraZeneca: Deutsche Bank raises target price from 2800p to 3100p and keeps a hold recommendation. Exane BNP ups target price from 3100p to 3
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