Broker 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
Read moreTuesday preview: Volumes likely to be down at BP
30th Jul 2012 15:43
BP's results on Tuesday will bring us up to date on a company that has been busy reshaping itself since the Macondo oil well tragedy in the Gulf of Mexico. Broker Charles Stanley thinks net income for the second quarter will be down to $5.1bn from $5.6bn the year before. The broker predicts a quart
Read moreSunday newspaper round-up: BoE, RBS, Weir
29th Jul 2012 17:57
The British Chambers of Commerce and the Ernst & Young Item Club, the only forecasters to use the Treasury's economic model, have both urged the Bank of England to take bold action to boost growth at Wednesday's meeting of the Monetary Policy Committee [MPC]. The economy has shrunk for three success
Read moreBroker tips: Weir, Senior, Morgan Crucible
23rd Jul 2012 11:33
Galvan Research and Trading has labelled engineering group Weir as a 'buy', saying that there is 'rebound potential' in the shares. "The underperformance from Weir Group's oil and gas division earlier in the year was taken literally by the markets as a signal to sell the stock, with the 25% profits
Read moreBroker snap: Weir has rebound potential, says Galvan
23rd Jul 2012 11:15
Galvan Research and Trading has labelled engineering group Weir as a 'buy', saying that there is 'rebound potential' in the shares. "The underperformance from Weir Group's oil and gas division earlier in the year was taken literally by the markets as a signal to sell the stock, with the 25% profits
Read moreMonday broker round-up
23rd Jul 2012 09:31
Abcam: Numis downgrades to add. Aberdeen Asset Management: Peel Hunt upgrades to buy. Barclays: Nomura keeps reduce rating and 210p target. Beazley: Nomura ups target from 147p to 165p, neutral rating kept. Hammerson: Jefferies maintains buy rating and 487p target. Home Retail: Numis upgrades t
Read moreFTSE 100 movers: A tale of two companies, Vodafone and Hermes
19th Jul 2012 14:36
Natural gas group BG was under the weather after Credit Suisse downgraded the stock to 'neutral' and cut its target price from 1,660p to 1,500p. Shares in Vodafone have moved into the second to worst spot on the top share index after it became known that Verizon Communications´s conference call ag
Read moreLondon midday: Markets celebrate global corporate earnings
19th Jul 2012 11:45
- Corporate earnings lift sentiment - UK June retail sales meet forecasts as prices drop - Kingfisher falls after rain dampens sales European stock markets were firmly in the blue on Thursday morning on the back a barrage of upbeat quarterly earnings reports from blue chips across the globe. "A co
Read moreLondon open: Footsie edges higher, but Kingfisher falls
19th Jul 2012 08:23
- Kingfisher leads fallers on the Footsie - Upbeat European earnings lift sentiment - Fed says US expanding at 'modest to moderate' rate UK stocks edged higher in early trading on Thursday on the back of some upbeat earnings reports from heavyweight European stocks AkzoNobel, Sandvik and Novartis.
Read moreLondon close: Stocks rise on hopes for the US economy
18th Jul 2012 16:55
After a tentative start, stocks rallied on Wednesday afternoon on the back of some upbeat comments from Ben Bernanke, the Chairman of the US Federal Reserve. Meanwhile, markets gave a rather muted reaction to the minutes of the latest policy-making meeting in the UK. Bernanke, speaking on the secon
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