Friday broker round-up UPDATE
11th Apr 2014 08:49
African Barrick Gold: Numis raises target price from 170p to 260p and upgrades from sell to hold. Antofagasta: Numis downgrades from hold to reduce with a target price of 700p. Ashmore Group: Jefferies ups target price from 375p to 400p and keeps a buy recommendation. JP Morgan lowers target price
Read moreFriday newspaper round-up: Top rate of tax, SSE, RBS
4th Apr 2014 07:31
George Osborne is facing demands to cut the top rate of tax again to 40p after figures suggested the wealthy had paid more tax since he cut the 50p rate. The amount raised from top-rate taxpayers is expected to increase by 9bn pounds in 2013-14, the year for which it was reduced to 45p by the Chance
Read moreWednesday broker round-up UPDATE
2nd Apr 2014 08:48
Aberdeen Asset Management: Canaccord Genuity reduces target price from 540p to 460p, while its buy recommendation is kept. Anglo American: JP Morgan ups target price from 1260p to 1300p, while leaving its underweight rating unchanged. Aviva: JP Morgan raises target price from 528p to 570p maintain
Read moreFTSE 100 movers: Aberdeen, Sports Direct and Babcock rise strongly
1st Apr 2014 13:46
The share price of Aberdeen surged on Tuesday after the asset manager said that net outflows were just 0.2bn pounds in March, compared with 3.9bn pounds over the first two months of the year. The company also said that "significant additional cost savings" have been identified and are being implemen
Read moreBroker tips: Weir, Lloyds, SABMiller, Babcock
1st Apr 2014 12:52
Canaccord Genuity has retained its 'buy' recommendation for engineer Weir Group on the back of a possible merger with Finnish peer Metso, saying that "this deal has the potential to be very exciting". "Our first thoughts are on a strategic basis, a deal would make considerable sense with scope for
Read moreLondon midday: Stocks gain on data-heavy session
1st Apr 2014 11:24
- Aberdeen, Babcock, BHP Billiton and GKN provide a lift - Weir falls on potential Metso merger - UK PMI falls to eight-month low techMARK 2,773.69 +0.33% FTSE 100 6,632.50 +0.52% FTSE 250 16,342.90 +0.43% Decent performances from Aberdeen, Babcock, BHP Billiton and GKN gave UK markets a lift on T
Read moreWeir-Metso merger could be 'very exciting', says Canaccord
1st Apr 2014 11:14
Canaccord Genuity has retained its 'buy' recommendation for engineer Weir Group on the back of a possible merger with Finnish peer Metso, saying that "this deal has the potential to be very exciting". Weir confirmed media speculation on Tuesday morning by saying that it has made an indicative all-s
Read moreWeir confirms reports of possible merger with Metso
1st Apr 2014 11:11
Engineering group Weir has confirmed reports that it has proposed a merger with Finnish rival Metso. The Times reported on Tuesday that Weir was on the verge of a blockbuster $8.5bn deal with the Nordic firm, which like its Scottish rival, manufactures industrial pumps and valves for the oil and g
Read moreLondon open: BHP, Aberdeen lead markets higher ahead of data
1st Apr 2014 08:23
- BHP Billiton, Aberdeen, Babcock, GKN provide a lift - Weir falls on Metso merger speculation - Markets await global manufacturing PMIs techMARK 2,779.21 +0.53% FTSE 100 6,621.97 +0.36% FTSE 250 16,339.39 +0.40% UK stocks opened with small gains on Tuesday ahead of a data-heavy session with manuf
Read moreWeir and Metso in discussions on merger
1st Apr 2014 07:44
Engineering group Weir could be on the verge of a blockbuster 8.5bn pound merger with Finnish rival Metso. Like its Scottish rival the Nordic firm manufactures industrial pumps and valves for the global oil and gas mining markets. It is thought that Weir could be prepared to pay as much as €30 p
Read moreTuesday newspaper round-up: Weir Group, Marks & Spencer, BT Group
1st Apr 2014 07:12
Engineering group Weir could be on the verge of a blockbuster 8.5bn pound merger with Finnish rival Metso. Like its Scottish rival it manufactures industrial pumps and valves for the global oil and gas mining markets. It is thought that Weir could be prepared to pay as much as 30 euros per share for
Read moreBroker tips: HSBC, BSkyB, Weir, Perform, Gulf Keystone
14th Mar 2014 12:25
Berenberg has maintained its 'buy' rating on global banking group HSBC, saying that its transformation has gone unrewarded by the market. "We believe HSBC has transformed itself into a bank that is comparable to the one that outperformed its peers and the market between 1992 and 2003. This appears
Read moreInvestec downgrades Weir to 'sell'
14th Mar 2014 11:22
The outlook at industrial engineering firm Weir Group is 'fairly subdued', according to Investec, which has lowered its stance on stock from 'add' to 'sell'. "The shares recently hit a 52-week high - driven by a relief rally on avoiding further material downgrades, in our view, rather than confiden
Read moreFriday broker round-up UPDATE
14th Mar 2014 09:07
Barclays: Nomura reduces target price from 305p to 285p staying with its buy recommendation. Investec lowers target price from 305p to 295p and keeps its buy recommendation. Ferrexpo: Westhouse Securities increases target price from 190p to 220p and reiterates a buy recommendation. F&C Asset Manag
Read moreWednesday broker round-up UPDATE
12th Mar 2014 09:03
Ashtead Group: Citi raises target price from 850p to 1075p keeping a buy recommendation. Barratt Developments: Goldman Sachs reduces target price from 527p to 502p and downgrades to neutral. British Land: Jefferies downgrades to hold with a target price of 707p. Brooks Macdonald Group: Canaccord
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