FTSE 250 movers: Oil prices help market stay mostly in the black
13th Jan 2016 15:23
(ShareCast News) - The FTSE 250 was in the black for most of Wednesday, before a sharp fall late in the afternoon sent it into the red. The second-tier market was down 2.79 points (0.02%) to 16,685.12 under an hour before the market was due to close. Oil and gas producers and service providers were
Read moreSaudi Arabia to keep up pressure on high-cost producers, oil futures slump
30th Dec 2015 13:25
(ShareCast News) - Saudi Arabia would not let up the pressure on high-cost oil producers in a bid to maintain its share of the market, the country's energy minister said on Wednesday. "We will satisfy the demand of our customers. We no longer limit production. If there is demand, we will respond. We
Read moreFTSE 250 movers: Oil prices weigh on market
11th Dec 2015 15:25
(ShareCast News) - With only two weeks to Christmas, the FTSE 250 wasn't feeling very festive on Friday after it fell 159.12 point (0.93%) to 16,921.13 by mid-afternoon. Oil stocks weighed on the second-tier market as oil prices hit new lows on Friday. Brent hit a seven-year low at $38.84, while Wes
Read moreHSBC downgrades Weir as oil and gas markets deteriorate
1st Dec 2015 14:55
(ShareCast News) - HSBC downgraded Weir to 'reduce' from 'hold' and slashed the price target to 1,000p from 1,300p after what it saw as a further deterioration in conditions in oil and gas markets. It also pointed to a strong decline in aftermarket order intake and low oil prices taking a toll on th
Read moreFTSE 250 movers: Drax powers ahead but Sophos slumps on stake sale
1st Dec 2015 14:16
(ShareCast News) - London's FTSE 250 index was up 0.5% to 17,507.03 at 1435 GMT, tracking the broader market as investors cheered news that Britain's big banks had passed the Bank of England's stress tests. Shares in Drax powered ahead after the European Commission approved the UK government's suppo
Read moreFriday broker round-up
13th Nov 2015 09:23
(ShareCast News) - Spire Healthcare Group: JP Morgan Cazenove downgrades to neutral, cuts target price to 310.00p. Weir Group: Deutsche upgrades to buy, bumps down target price to 1360.00p. Imi: JP Morgan Cazenove downgrades to neutral, reduces target price to 930.00p. SABMiller: Berenberg Bank do
Read moreFriday broker round-up
6th Nov 2015 11:14
(ShareCast News) - Weir Group: Citigroup downgrades to neutral. Target price: 1200.00p Amec Foster Wheeler: UBS downgrades to neutral, cuts target price to 600.00p. Citigroup downgrades to neutral. JP Morgan Cazenove reiterates to overweight, reduces target price to 739.00p Rsa Insurance Group:
Read moreMorgan Stanley upgrades Weir Group to equalweight
5th Nov 2015 13:20
(ShareCast News) - Morgan Stanley has upgraded Weir Group to equalweight and revised its price target to 1,150p. The FTSE 250 engineering company said on Wednesday that third quarter order input was down 29% year-on-year and 8% lower compared to the second quarter, mainly due to a significant drop i
Read moreBroker tips: Vesuvius, Royal Dutch Shell, Weir
4th Nov 2015 16:57
(ShareCast News) - Broker Panmure Gordon warned that FTSE 250-listed Vesuvius is likely to be hit by the same industry pressures as German rival SGL Carbon, which issued a profit warning on Tuesday. SGL Carbon warned that, despite its cost-cutting efforts, it expects group profit to decline signific
Read moreFTSE 250 movers: Oil bounce and Drax retrofit news fire mid-caps
4th Nov 2015 14:07
(ShareCast News) - After a strong start on Wednesday, the FTSE 250 lost momentum but by mid-afternoon was still in positive territory, helped by an oil price bounce. Lifted by a 40-point rise in crude oil, due to a strike in Brazil that is estimated to have put a 25% dent into Brazilian production,
Read moreWednesday newspaper share tips: Take a long drag of Imperial Tobacco
4th Nov 2015 12:12
(ShareCast News) - It isn't time to kick the habit yet when it comes to Imperial Tobacco Group, The Times' Tempus said on Wednesday. On Tuesday, the company posted a rise in pre-tax profit and underlying tobacco net revenue for the year ended 30 September and said it was well placed to meet expectat
Read moreRBC upgrades Weir on balanced risk/reward
4th Nov 2015 10:41
(ShareCast News) - Weir got a boost after RBC Capital Markets upgraded its stance on the stock to 'sector perform' from 'underperform' and lifted the price target to 1,200p from 1,150p. "We believe the risk/reward at Weir is now reasonably balanced, with the shares valued at close to 14x trough earn
Read moreWednesday broker round-up
4th Nov 2015 09:32
(ShareCast News) - Weir Group: RBC Capital Markets upgrades to sector perform, raises target price to 1200.00p. UBS reiterates to buy, cuts target price to 1600.00p. Goldman Sachs reiterates to buy. Target price: 1550.00p. Spirent Communications: Citigroup reiterates to buy, cuts target price to 90.
Read moreWeir to cut more jobs as weaker oil price takes its toll
3rd Nov 2015 08:27
(ShareCast News) - Weir Group said it expects full-year earnings to be broadly in line with current market consensus as it announced further job losses as part of its cost-cutting plans. The engineering group said third-quarter order input was down 29% year-on-year and 8% lower compared to the secon
Read moreMonday broker round-up
26th Oct 2015 08:57
(ShareCast News) - Zoopla Property Group (wi): Berenberg Bank reiterates to buy, reduces target price to 300.00p. Northgate: Jefferies upgrades to buy, reduces target price to 530.00p. Brammer: Jefferies upgrades to buy, lowers target price to 260.00p. National Express Group: RBC Capital Markets u
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