Wednesday broker round-up UPDATE
27th Feb 2013 08:11
: Panmure Gordon reduces target price from 2159p to 1742p and reiterates its hold recommendation. Antofagasta: JP Morgan cuts target price from 1485p to 1400p, while retaining its overweight rating. Barclays: Numis raises target price from 351p to 400p and upgrades to buy. BT Group: UBS moves tar
Read moreWeir reports record profits and margins for 2012
27th Feb 2013 07:27
Engineering solutions group Weir managed to register record profits and margins last year and said that it expects another year of profitable growth in 2013. The company, which works in the mining, oil & gas and power markets, reported a profit before tax of £443m for the 52 weeks to December 28th,
Read moreSunday share tips: Weir Group, Paragon, William Hill
24th Feb 2013 15:18
Spare a moment for the 'short-sellers', those dastardly investors who make hay when a company's shares tank. They are having a bad run at Weir Group. The 4.7bn pound supplier of kit to miners and oil drillers is the most "shorted" stock in the FTSE 100. About 15 per cent of its shares are out on loa
Read moreThursday broker round-up UPDATE
21st Feb 2013 08:02
Aberdeen Asset Management: Citigroup takes target price from 400p to 430p and stays with its neutral rating. Admiral Group: JP Morgan starts with a target price of 1246p and a neutral rating. Anglo American: Jefferies increases target price from 2050p to 2450p and upgrades from hold to buy. Aviva
Read moreLondon midday: Footsie breaches 6,400 on stimulus hopes
20th Feb 2013 11:41
The FTSE 100 hit a fresh five-year high in morning trade on Wednesday morning on the back of hopes for further stimulus from the Bank of England, as minutes of the latest rate-setting meeting showed that more policy-makers voted for further asset purchases. London's benchmark index hit an intraday
Read moreLondon open: Markets pause after strong gains
20th Feb 2013 08:43
The FTSE 100 opened flat on Wednesday morning following a one per cent surge the day before, as investors awaited announcements from central banks and a number of key economic indicators from around the globe. "After having the strongest day of the year so far, European stock markets are in consoli
Read moreLondon pre-open: Small drop expected on FTSE ahead of jobs data
20th Feb 2013 07:30
City sources predict the FTSE 100 will open down four points from yesterday's close of 6,379, ahead of the release of today's UK jobs data and despite decent gains seen in the US overnight. The S&P 500 rose to a new five-year high on Tuesday, as confidence strengthened on hopes of further mergers
Read moreWeir expands presence in mining industries
20th Feb 2013 07:06
Industrial engineering group Weir said on Wednesday that it has strengthened its presence in the fast-growing mining markets with three acquisitions worth a combined 55m pounds. Weir said it has acquired the R Wales group of companies, a Canada-based manufacturer of wear resistant linings for the m
Read moreFriday broker round-up UPDATE
15th Feb 2013 07:58
Aberdeen Asset Management: UBS shifts target price from 440p to 470p and reiterates a buy recommendation. Credit Suisse takes target price from 410p to 470p staying with its outperform rating. Barclays revises target price from 470p to 490p, while its overweight rating remains unchanged. Jefferies m
Read moreWeir appoints Drax Chairman to board
15th Feb 2013 07:26
Engineering giant Weir has appointed Charles Berry, the Chairman of power station firm Drax Group, as a Non-Executive Director. Berry, who is also the Non-Executive Chairman of Senior and previously held board positions at Scottish Power, will join the board on March 1st. He will become a member o
Read moreTuesday broker round-up UPDATE
12th Feb 2013 07:24
AMEC: Exane BNP initiates with a target price of 1140p and an underperform rating. Anglo American: Goldman Sachs increases target price from 1500p to 1550p, while keeping a sell recommendation. Barclays: Nomura reiterates reduce. Charles Stanley reiterates hold. Investec reiterates buy, with price
Read moreLondon close: Stocks finish higher after decent economic data
8th Feb 2013 17:04
The FTSE 100 finished strongly on Friday afternoon as better-than-expected economic data from across the globe offset yesterday's gloomy comments from Mario Draghi which sparked a sell-off. Markets across Europe suffered steep falls on Thursday - London's FTSE 100 dropped 1.06% - after European Cen
Read moreFTSE 100 movers: Aggreko rises on upgrade
8th Feb 2013 15:22
Temporary power and temperature controls firm Aggreko was higher today after HSBC upgraded the stock to 'neutral'. There was also some 'market chatter' speculating that Aggreko could be a bid target for ABB. Engineering group Weir was also on the up after UBS raised its target price from 2,000p to
Read moreLondon midday: Stocks claw back losses after yesterday's sell-off
8th Feb 2013 11:38
Better-than-expected trade data from China gave stocks a boost on Friday morning, as sentiment picked up from the day before when concerns over Europe sparked a sell-off on equity markets. Both imports and exports in China jumped year-on-year in January, resulting in a higher-than-forecast trade su
Read moreBroker tips: Miners, Weir, Imperial Tobacco
8th Feb 2013 11:09
Ahead of earnings season in the mining sector, Credit Suisse has labelled its top and worst picks among resource stocks. "Our top picks are Rio Tinto and ENRC and from the mid cap group African Minerals and London Mining." While Lonmin is downgraded from 'outperform' to 'neutral', the broker's lea
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