London close: Equities cruise higher
25th Sep 2012 16:45
US consumer confidence data lit a small fire under equities in the afternoon session, after a drab morning in which leading shares moved mostly sideways. The Conference Board's measure of US consumer confidence rose more than expected in September to its highest level in seven months. M&A activity
Read moreFTSE 100 movers: Weir leads risers on bid speculation
25th Sep 2012 15:49
Weir is leading the risers on the back of speculation that GE, which yesterday said it was keeping an eye out for potential acquisitions, might be about to make a bid for the engineering giant. Hot on its tail, Carnival rose after reporting continuing strength in fleetwide booking volumes and pric
Read moreMonday broker round-up
10th Sep 2012 09:13
Barclays: UBS raises target from 205p to 235p, buy rating unchanged. Chariot Oil & Gas: Peel Hunt downgrades to sell, target cut from 150p to 40p; Merchant Securities downgrades to sell, target cut from 232p to 29p. Debenhams: Seymour Pierce raises target from 80p to 100p, hold rating kept. Euras
Read moreThursday broker round-up
2nd Aug 2012 10:00
Aggreko: Investec keeps buy rating and 2,520p target. Antofagasta: UBS lifts tagged from 850p to 870p, sell rating unchanged. BAE Systems: Investec maintains hold rating and 290p target. Drax: AlphaValue downgrades to reduce. ENRC: UBS cuts tagged from 640p to 615p, buy rating maintained. Filtr
Read moreBroker tips: Weir, Drax, HSBC
1st Aug 2012 13:22
Analysts at Credit Suisse have today raised their target price on Weir to 1850p from 1750p before, while keeping their overweight rating unchanged. That for three reasons: Firstly, the company´s estimated 2013 earnings per share (EPS) forecasts have declined 17% year-to-date better reflecting pres
Read moreBroker snap: Credit Suisse positive on Weir management´s actions
1st Aug 2012 12:01
Following a 7% outperformance in engineering giant, Weir´s, share price over the last month and despite the company having posted only minimal earnings momentum on the broker´s forecasts for 2013 (historically a key driver for the stock), analysts at Credit Suisse ask themselves why they are still b
Read moreLondon close: Markets cautious before Fed decision
31st Jul 2012 16:54
- Footsie drops 1.02 per cent as risk rally fades - BP, Weir and RBS sold off - Markets await decisions from the Fed and ECB London's FTSE 100 index finished the day firmly in the red as a barrage of earning reports from some European heavyweights disappointed and investors showed caution ahead of
Read moreFTSE 100 movers: Miners lead the way
31st Jul 2012 14:25
Vedanta, Rio Tinto, Xstrata, Randgold, Glencore and Polymetal making good gains, boosted by Polymetal, Vedanta and Xstrata which all impressed with their second-quarter and first-half production reports this morning. A notable exception was Mexico-focused precious metals miner Fresnillo, which drop
Read moreLondon midday: Markets in the red despite mining strength
31st Jul 2012 11:26
- Recent global risk rally shows signs of fading - European blue-chips (BP, Weir, UBS, Deutsche Bank) - Markets await central bank action London's equity markets were broadly lower on Tuesday as sentiment was dampened by heavyweight corporates (BP, Weir, UBS, Deutsche Bank) missing analysts' estima
Read moreBroker tips: GKN, Weir, Sage
31st Jul 2012 10:42
Jefferies has maintained its 'buy' rating and 220p target price for engineering giant GKN, saying that the shares could be in for a 'significant' jump. "We sense that sentiment towards GKN is still being heavily swayed by caution about global light vehicle production, but GKN is likely to be able t
Read moreBroker snap: Weir's results should be taken 'positively', says Investec
31st Jul 2012 10:41
In spite of the poor market reaction to Weir's interim figures on Tuesday, Investec has retained its 'buy' recommendation for the Scottish engineering group, saying that the results 'should be taken positively'. Shares fell after the firm said that full-year profits are likely to come below market
Read moreTuesday broker round-up
31st Jul 2012 09:19
Dignity: N+1 Brewin upgrades to add, target raised from 880p to 950p. Diploma: Jefferies reiterates buy rating and 510p target. Elementis: N+1 Brewin upgrades to buy, target upped from 220p to 230p. EnQuest: HSBC upgrades to overweight, target lifted from 135p to 143p. Faroe Petroleum: Nomura ra
Read moreLondon open: Footsie flat despite falls for BP, Weir and Fresnillo
31st Jul 2012 08:28
- BP, Weir and Fresnillo provide some downward pressure - UK consumer confidence remains subdued - Markets await the Fed and ECB Some disappointing results from BP, Weir Group and Fresnillo were preventing gains for the Footsie on Tuesday morning; meanwhile, consumer confidence data in the UK showe
Read moreLondon pre-open: Flat start expected for FTSE
31st Jul 2012 07:35
City sources predict the FTSE 100 will open down just one point from yesterday's close of 5,694 as investors await central bank meetings set to take place later this week. Investors have grown increasingly optimistic of late that the world´s monetary authorities will move to butress growth, parti
Read moreWeir waiting on oil and gas markets to pick up
31st Jul 2012 07:01
Scottish engineering firm Weir has advised that full year profits are likely to come in below market expectations if there is no pick-up in the upstream Oil & Gas markets. The cautious outlook statement overshadowed a solid set of interim figures from the group. Revenue in the 26 weeks ended June 2
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