Broker snap: Jefferies remains a buyer of Weir
19th Jun 2012 11:09
Jefferies has reiterated its 'buy' recommendation and 2,185p target price for engineering giant Weir Group, saying that consensus upgrades are in order following Tuesday's Capital Markets Day. In a brief statement that highlight the presentations given to investors, Weir reconfirmed its full-year g
Read moreWeir Group confirms full year guidance
19th Jun 2012 10:07
Shares in Weir Group rallied on Tuesday after the company reconfirmed its full year guidance. The firm's owners have been shares lose a third of their value since February, dropping from around £22 four months ago to £15 now. The news that business was on track pushed them back up 5% on Tuesday mo
Read moreLondon open: Whitbread, Home Retail provide a boost early on
19th Jun 2012 08:30
- Leaders to take 'all necessary policy measures' - Whitbread provides a lift on the Footsie after strong Q1 - Greece, Spain and FOMC in focus The FTSE 100 index advanced in early trading on Tuesday morning after euro members pledged to 'safeguard' the region. According to a leaked draft communiqu
Read moreGlencore boss strikes again, LSE boss sells
12th Jun 2012 15:16
Glencore International's Chief Executive Officer Ivan Glasenberg bought himself another chunk of shares in the mining titan, his third in the past week, it was announced on Tuesday. Since earning a whopping $110m in the latest dividend payout at the start of this month, the director has paid out j
Read moreThursday broker round-up
7th Jun 2012 09:23
Barclays: Deutsche Bank retains buy rating and 295p target. Burberry: Credit Suisse upgrades to outperform, target lifted from 1,420p to 1,650p. Centamin: Nomrua upgrades from neutral to buy, target lifted from 100p to 130p. Circle Oil: Investec cuts target from 90p to 86p, buy rating maintained.
Read moreSunday share tips: Weir, 3i Infrastructure, RBS
13th May 2012 11:41
Pump and valves specialist Weir Group has been a favourite of the bears this year on concerns the low US natural gas price would crimp orders for equipment for the shale gas industry. The boom in fracking and shale gas production has resulted in a glut of gas in the US - and it does not yet have the
Read moreBroker tips: BT, Weir, AVEVA
10th May 2012 11:26
Nomura has maintained its buy recommendation and 295p target price for telecoms titan BT, saying that while fourth-quarter revenues were soft, earnings, free cash flow and guidance were strong. The broker did note BT's decision not to rebase its dividend after announcing an 8.3p-a-share payout, up
Read moreBroker snap: Credit Suisse downgrades estimates for Weir
10th May 2012 10:57
Credit Suisse has slashed its target price for engineering group Weir by over a quarter following this week's first-quarter statement. The broker has cut its earnings per share (EPS) forecasts for 2012, 2013 and 2014 by 7%, 14% and 15%, respectively. The target price comes down to just 1,700p, from
Read moreThursday broker round-up
10th May 2012 09:28
Abcam: Canaccord Genuity reiterates hold recommendation and 370p target. Aveva: UBS upgrades from sell to neutral, 1,600p target unchanged. BAE Systems: AlphaValue upgrades from add to buy, target raised from 342.7p to 343.4p. BT: Jefferies keeps buy recommendation and 268p target; Nomura reitera
Read moreLondon close: Greece continues to weigh on stocks
9th May 2012 16:31
- Greek politics weighs on sentiment - Merkel tells Greece to stick to austerity - Sage, Weir fall heavily after updates London's blue chips rallied in afternoon trade after steep losses early on, but still finished well in the red on the back of concerns over the political situation in Greece. Com
Read moreFTSE 100 movers: ITV gains while Weir takes a hit
9th May 2012 15:14
Terrestrial broadcaster ITV was performing well after saying that its first-half net advertising revenues will be ahead of the market, thanks to an expected boost from the Euro 2012 football tournament. Revenues at Broadcasting & Online edged up a mere 1% to £440m in the first three months of 2012 f
Read moreLondon midday: Stocks tank again on euro worries
9th May 2012 11:36
- Weir and Sage fall heavily - ITV, Sainsbury, Glencore higher after updates - Footsie hits new YTD lows on euro concerns London's blue chip index had sunk to levels not seen since late December by Wednesday lunchtime, as political uncertainty in the Eurozone continues to cloud the outlook for the
Read moreLondon open: Stocks claw back after heavy sell-off
9th May 2012 08:35
- Eurozone political uncertainty still ongoing - ITV, Sainsbury, Glencore wanted after updates - Weir and Sage fall sharply While the political uncertainty in the Eurozone is still on investors' minds, the FTSE 100 opened slightly higher on Wednesday morning following steep losses seen the day befo
Read moreWeir Group has rocky first quarter
9th May 2012 07:23
Engineering giant Weir Group said that strong first quarter trading in its minerals and industrial businesses made up for a plunge in orders in its oil and gas division. Order input fell 26% on a like-for-like basis in the company's oil and gas division, which the firm put down to rapid changes in
Read moreLondon close: Stocks snap four-day winning streak
30th Apr 2012 16:30
- Chicago PMI, US consumer spending disappoints - Spain joins the UK in recession - Global stock markets in the red With economic data missing expectations Stateside and Spain continuing to dampen the outlook for the Eurozone economy, London's FTSE 100 index slumped on Monday, snapping a four-day w
Read more