Broker tips: Lloyds, Shell, Weir, Afren
31st Jul 2014 12:59
Better-than-expected second-quarter results from Lloyds Banking Group have prompted Investec to repeat its 'buy' recommendation for the stock. "The market has, (quite rightly in our view), taken disclosure of Lloyds' 'reprehensible' LIBOR manipulation and (immaterial) £0.2bn fine in its stride," sa
Read moreNumis upbeat about Weir's prospects, but shares at "fair value"
31st Jul 2014 12:49
Numis Securities has kept an upbeat view of Weir after the engineering group's in-line interim results, but reiterated its 'hold' rating on the stock, saying the current valuation is full. "We continue to view Weir as a high quality business with leading market positions, excellent margins and stro
Read moreLondon midday: Earnings come in mixed as investors watch US data, Fed
31st Jul 2014 12:04
- Shell, BG Group and Intu lead the risers - Weir, Schroders and Lloyds fall - Afren drops after suspending directors - US data and Fed keep investors cautious techMARK 2,763.54 -0.57% FTSE 100 6,763.04 -0.15% FTSE 250 15,495.73 -0.86% London stocks were trading in the red for a second straight da
Read moreThursday broker round-up UPDATE
31st Jul 2014 09:30
Afren: Oriel places both target price and recommendation under review. Canaccord Genuity places both its target price (prev.: 150p) and its hold recommendation under review. Investec places its target price (prev.: 195p) under review and downgrades from buy to hold. Arbuthnot: Numis ups target pric
Read moreLondon open: Stocks flat as investors digest corporate earnings
31st Jul 2014 09:15
- Lloyds falls despite H1 profit beat - Shell, BG, BT and Diageo rise after results - Weir and Rolls-Royce disappoint - US data and Fed in focus techMARK 2,771.22 -0.29% FTSE 100 6,777.11 +0.05% FTSE 250 15,521.52 -0.69% Another wave of corporate earnings was keeping investors busy on Thursday mor
Read moreWeir Group's first-half earnings hurt by challenging mining sector
31st Jul 2014 08:40
- Pre-tax profit and revenue fall - Growth expected in H2 - Dividend raised 70% Engineer Weir Group's pre-tax profit slid in the first half, reflecting adverse foreign exchange currency exchange rate movements and challenging conditions in the mining industry. Pre-tax profit dropped 6% to £182m c
Read moreLondon close: FTSE ends lower as investors await Fed Reserve minutes
7th Jul 2014 16:59
- FTSE closes down 42.54 at 6,823.51 - Oil, housing stocks fall - Investors await Fed Reserve meeting techMARK 2,843.77 -0.42% FTSE 100 6,823.51 -0.62% FTSE 250 15,892.30 -0.98% As had been widely anticipated, the UK market headed lower in today's session, tracking a fairly steady downwards path t
Read moreFTSE 100 movers: Weir rises after broker upgrade
7th Jul 2014 15:57
Drugs giant AstraZeneca rose strongly in today's session on reports investor Neil Woodford has selected the group "as the single biggest investment for his new fund", according to The Daily Telegraph, which said 8.2% of the £1.6bn fund had been put towards the group. Engineering group Weir was a h
Read moreBroker tips: Weir, Rio Tinto, Polymetal, Clinigen
7th Jul 2014 12:39
Shares in Weir Group were making decent gains on Monday morning after the stock was upgraded from 'neutral' to 'buy' at Citigroup, which said that the engineer's opportunities in oil and gas are "underappreciated" by the market. The bank said that "Weir deserves a premium rating to the sector to re
Read moreLondon midday: Investors take profits after recent run
7th Jul 2014 12:09
- UK stocks retreat after recent rally, US futures fall - UK manufacturing confidence and German industrial production both retreat - Antogasta, Anglo lead mining stocks lower - Weir Group gains after Citigroup upgrade techMARK 2,848.48 -0.25% FTSE 100 6,850.83 -0.22% FTSE 250 15,943.09 -0.67% It
Read morePotential at Weir "underappreciated", Citi upgrades to 'buy',
7th Jul 2014 09:57
Shares in Weir Group were making decent gains on Monday morning after the stock was upgraded from 'neutral' to 'buy' at Citigroup, which said that the engineer's opportunities in oil and gas are "underappreciated" by the market. The bank said that "Weir deserves a premium rating to the sector to re
Read moreMonday broker round-up UPDATE
7th Jul 2014 09:26
Balfour Beatty: Berenberg lowers target price from 290p to 280p and retains a buy recommendation. UBS lowers target price from 230p to 225p and keeps a neutral rating. Barclays: Citi lowers target price from 305p to 300p and keeps its sell recommendation. Clinigen: Investec cuts target price from
Read moreLondon open: Stocks inch lower as economic data dampens rally
7th Jul 2014 08:57
- FTSE 100 falls from three-and-a-half week high - UK manufacturing confidence weakens - German industrial output falls - IMF hints at cut to growth forecasts techMARK 2,859.13 +0.12% FTSE 100 6,862.56 -0.05% FTSE 250 16,049.02 -0.01% UK stocks edged lower on Monday morning on the back of weak eco
Read moreFTSE 100 movers: Sports Direct leads rises
3rd Jul 2014 15:22
Sports apparel retailer Sports Direct was also rising strongly after shareholders yesterday narrowly voted through a bonus scheme that will see founder Mike Ashley receive £200m in shares. Antofagasta was boosted by reports that the group is to cut jobs and costs as it combines its El Tesoro and Es
Read moreWeir keeps guidance despite FX, mixed conditions
17th Jun 2014 07:12
Engineering firm Weir Group said its guidance for the full year remains unchanged despite growing currency headwinds and mixed trading conditions in the second quarter. In a capital markets presentation to shareholders and analysts on Tuesday, the company is expected to confirm that overall trading
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