Monday broker round-up UPDATE
4th Nov 2013 08:07
Aggreko: Cantor Fitzgerald reduces target price from 2200p to 1700p downgrading to hold. Anglo American: Alphavalue upgrades from add to buy with a target price of 1801.3p. APR Energy: Cantor Fitzgerald raises target price from 670p to 1000p, but still recommends selling. Astra Zeneca: UBS reduce
Read moreLondon pre-open: FTSE to move higher ahead of HSBC Q3 results
4th Nov 2013 07:24
City sources predict the FTSE 100 will open around 18 points higher than Friday's close of 6,735, tracking gains seen in the US at the end of last week and ignoring losses across parts of Asia this morning. The rise comes ahead of HSBC's results later today, which are widely expected to show a 10%
Read moreWeir Group cuts full-year profit guidance
4th Nov 2013 07:08
- Full-year profit guidance cut - Third quarter revenue and profit miss expectations - Net debt lower Engineering company Weir Group has cut its full year profit outlook due to the impact of the recent weakness in the US and Australian dollar. The firm expects profits, based on current estimates
Read moreLondon midday: ECB, political uncertainty in focus as stocks fall
2nd Oct 2013 11:27
The FTSE 100 suffered steep losses on Wednesday morning as buyers showed caution ahead of a policy decision in Europe, whilst political uncertainty in the US and Italy continues to erode risk appetite. The all-important European Central Bank (ECB) policy decision is due at 12:45 this afternoon, tho
Read moreLondon open: FTSE 100 near three-month low as supermarkets disappoint
2nd Oct 2013 08:21
UK markets sank sharply on Wednesday morning given the uncertain outlook for the US economy in light of a partial government shutdown as politicians continue to disagree over a budget proposal for next year. Disappointing results from retail bellwethers Tesco and Sainsbury were also weighing on sen
Read moreWednesday broker round-up UPDATE
18th Sep 2013 08:28
African Minerals: Canaccord Genuity reduces target price from 410p to 330p, while its buy recommendation remains unaltered. Amlin: Goldman Sachs moves target price from 405p to 420p and reiterates a neutral rating. Andor Technology: Investec takes target price from 360p to 410p leaving its buy rec
Read moreLondon close: Disappointing US jobs report sparks late sell-off
2nd Aug 2013 16:27
After a relatively quiet start to the trading session, markets sunk sharply into the red on Friday afternoon after the US economy added far fewer jobs than forecast in July. Non-farm payrolls increased by just 162,000 last month, lower than the downwardly revised 188,000 increase in June and much w
Read moreWednesday tips round-up: BP, Weir Group, GKN
31st Jul 2013 06:37
BP's shares dipped on Tuesday after its second-quarter results missed forecasts. But the main problem is that it remains unclear what BP is getting from its new position in Russia after selling its 50 per cent stake in TNK-BP, according to the Financial Times' Lex column. The company sold its holdin
Read moreLondon close: Gains limited ahead of central bank decisions
30th Jul 2013 16:41
Caution ahead of a number of central-bank policy decisions kept gains on equity markets to a minimum on Tuesday, with the FTSE 100 finishing slightly higher as traders digested a barrage of corporate earnings. The outcome of the Federal Open Market Committee meeting will be in focus on Wednesday, t
Read moreLondon midday: Markets rise on earnings, Gfk data
30th Jul 2013 11:39
Markets edged higher on Tuesday morning as traders reacted to a barrage of corporate earnings and data which showed that German consumers were at their most optimistic in six years. The GfK's forward-looking consumer confidence survey for Germany rose from 6.8 to 7.0 in August, its highest levels s
Read moreBroker tips: WPP, Next, Weir
30th Jul 2013 11:18
Nomura has maintained its 'buy' rating and 1,300p target price for advertising and media group WPP, saying that the tie-up of rival firms Publicis and Omnicom could be good for the UK-listed company. While the merged company will have a dominant positive in the creative and marking services industr
Read moreBroker snap: Investec optimistic about H2 delivery at Weir
30th Jul 2013 10:49
Investec has upgraded its rating for Weir Group from 'hold' to' buy' in the hope that the engineering firm will hit full-year targets despite missing forecasts in the first half. The company, which works the key sectors of minerals, oil & gas and energy, reported group revenues of £1,198m in the fi
Read moreLondon open: Markets higher as traders digest mixed earnings
30th Jul 2013 08:50
Strong gains for GKN, ITV, Weir and Next helped push London's FTSE 100 into positive territory on Tuesday morning, offsetting weakness from the likes of Barclays and BP. Meanwhile, markets across Europe were also doing well early on as investors reacted to upbeat earnings reports from French heavyw
Read moreTuesday broker round-up UPDATE
9th Jul 2013 07:53
Adept Telecom: Northland Capital revises target price from 108p to 115p and maintains a buy recommendation. AG Barr: Panmure Gordon raises target price from 500p to 600p and retains a hold recommendation. Aquarius Platinum: Westhouse Securities shifts target price from 35p to 40p upgrading from se
Read moreFTSE 100 movers: Serco gains on growth forecast
28th Jun 2013 12:59
Public services outsourcing company Serco Group led the FTSE 100 race on Friday after saying it expects to report strong revenue growth in its full-year results. Schroders edged higher as the asset manager was upgraded by analysts at BNP Paribas to an 'outperform' rating in a research report on Fr
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