Wednesday 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
Read moreLondon close: Rally continues as FTSE 100 jumps
27th Jun 2013 16:44
Strong US economic data and some reassuring comments by a member of the Federal Reserve gave markets a big boost on Thursday, helping the FTSE 100 to extend gains into the third day. After hitting a fresh five-month low of 6,029 on Monday, the FTSE 100 has risen strongly over the past three session
Read moreFTSE 100 movers: Smiths Group tops the leaderboard
27th Jun 2013 13:21
Engineering companies Smiths Group and Weir Group were the top gainers on Thursday.UBS upgraded Smith Group's stock to 'buy' from 'neutral', helping to push shares higher. Tate & Lyle advanced as Morgan Stanley rated the sweetener maker's stock for the first time on Thursday, recommending an 'overw
Read moreDeputy Chairman at Weir Group buys first stake
13th May 2013 16:27
Weir Group's new Deputy Chairman, Charles Berry, has begun building his stake in the company just two weeks into his new role. Berry, who joined the company at the beginning of the month, purchased 2,000 shares at 2,384.93p each for a total of £47,699. On the same day Berry took up the role, the
Read moreSector movers: Engineers galvanised by industrial data
9th May 2013 15:12
Engineers Weir and IMI led a charge by the industrial engineering sector, heartened by positive news of UK industrial production. Beating expectations of a modest 0.2% gain, UK industrial production output rose by 0.7% month-on-month in March, according to the latest data out from the Office for
Read moreThursday tips round-up: Weir and Facebook
2nd May 2013 06:18
The Tempus column in The Times has given a cautiously optimistic outlook for engineering firm Weir Group despite the company reporting a weak first quarter yesterday. The paper says that, like several firms so far this year, Weir's first three months were "not that brilliant" but it assured that i
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