London 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
Read moreMonday broker round-up UPDATE
3rd Mar 2014 08:21
African Barrick Gold: Citi increases target price from 120p to 179p, but still recommends selling. African Minerals: Citi cuts target price from 300p to 260p leaving its buy recommendation unchanged. Aggreko: Deutsche Bank reduces target price from 1870p to 1400p and downgrades to hold. Anglo Ame
Read moreThursday broker round-up UPDATE
27th Feb 2014 09:55
Balfour Beatty: Berenberg moves target price from 340p to 350p and stays with a buy recommendation. Bodycote: FinnCap places both its target price (prev.: 620p) and its hold recommendation under review. Investec raises target price from 770p to 810p and keeps a buy recommendation. Numis upgrades fr
Read moreLondon close: FTSE ends in the red, Tesco weighs heavily
26th Feb 2014 16:26
- FTSE ended 31 points lower - US new home sales higher than expected - Tesco fails to impress investors techMARK 2,899.47 -0.12% FTSE 100 6,799.15 -0.46% FTSE 250 16,471.66 -0.34% UK markets finished today's session in the red, hit by a combination of weaker sentiment, ex-dividends, and concerns
Read moreFTSE 100 movers: Tesco marked down by analysts
26th Feb 2014 14:35
Engineering solutions provider Weir soared to the top of the risers today after it posted an in-line set of full-year results, as a positive performance by the Minerals division helped to offset an otherwise "challenging" year for the group. Looking ahead, the company believes it will return to unde
Read moreWednesday broker round-up UPDATE
26th Feb 2014 08:54
Anglo Pacific: FinnCap cuts target price from 279p to 216p, downgrades to hold. Ashmore Group: UBS reduces target price from 405p to 355p, while leaving its buy recommendation unchanged. Jefferies cuts target price from 475p to 375p, while its buy recommendation is kept. Barclays lowers target pric
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