Friday tips round-up: Rio Tinto, Randgold Resources, Schroders
6th Aug 2010 06:38
Rio Tinto's must rate as one of the most spectacular debt-reduction strategies of modern times and leaves the miner with gearing of 20%. The restructuring should give investors renewed confidence in Rio's balance sheet but, more importantly, it will enable the miner to fund future growth projects.
Read moreLondon afternoon: Fire sale at BP continues
3rd Aug 2010 14:14
After yesterday's dramatic rise London is taking a pause for breath today and either digesting the steady stream of big company results already out this week or preparing for results from the giants of the insurance and banking sectors later this week. Insurance colossus Aviva , scheduled to releas
Read moreLondon midday: Rally stalls
3rd Aug 2010 12:09
A mid-morning rally petered out just before noon leaving the FTSE 100 index still in negative territory, though not by much. Specialist banking group Investec is the heaviest faller in the FTSE 100. It has raised £104.5m through a placing of 22m shares at 475p each. The placing increases the share
Read moreLondon close: Footsie fights back
3rd Aug 2010 09:28
Footsie fought hard to finish in the blue after easing back following yesterday's surge, and was just a whisker short of positive territory at trading's close. An improvement on Wall Street after a shaky start breathed life into London's leading share index. Insurance colossus Aviva , scheduled to
Read moreLondon open: Profit taking clips Footsie
3rd Aug 2010 08:49
London's top stocks have run into some profit taking after yesterday's big gains both here and on Wall Street. Banks are mixed after confusing figures from state-owned Northern Rock. Now split into its "good half" and "bad half", the "bad half" bounced back into profit while the supposedly "good"
Read moreWeir sees second half 'significantly ahead'
3rd Aug 2010 08:00
Engineering group Weir said it expects profit for the second half to be 'significantly ahead' as it reported a 24% jump in order input in the first half. Order input, in constant currency, rose to £863m in the 26 weeks ended 2 July from £694m last time. Pre-tax profit from continuing operations be
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
21st Jul 2010 10:37
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0937 GMT [Dow Jones] UBS raises IMI (IMI.LN) price target to 800p from 720p, saying it expects 2Q trading to have been str
Read moreMARKET TALK: UBS Raises IMI Price Target
21st Jul 2010 10:37
0937 GMT [Dow Jones] UBS raises IMI (IMI.LN) price target to 800p from 720p, saying it expects 2Q trading to have been strong. Raises '10 EPS estimate to 63p from 60.9p and '11 EPS estimate to 70.8p from 67.4p. "We think investor focus on returns...and free cashflow generation (yield 8%) provides fu
Read moreMARKET TALK: Goldman Sachs Downgrades Weir To Neutral
20th Jul 2010 09:26
0826 GMT [Dow Jones] Goldman Sachs downgrades Weir Group (WEIR.LN) to neutral from buy, following a period of outperformance since the company raised 1H pretax profit guidance by more than 50% in June. Says Weir no longer has among the highest potential target price upside in Goldman's coverage. St
Read moreMARKET TALK: Investec Lifts Weir Group Target Price
28th Jun 2010 07:53
0653 GMT [Dow Jones] Investec lifts its price target on Weir Group (WEIR.LN) to 1580p from 1200p, and maintains its buy stance. Cites a further set of material upgrades, an increasingly positive outlook and a greater appreciation of the group's growth prospects following the capital markets day. Say
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
28th Jun 2010 07:53
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0653 GMT [Dow Jones] Investec lifts its price target on Weir Group (WEIR.LN) to 1580p from 1200p, and maintains its buy stanc
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
24th Jun 2010 07:48
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0648 GMT [Dow Jones] Goldman Sachs raises Weir Group (WEIR.LN) price target to 1550p from 1447p as it adjusts estimates to re
Read moreMARKET TALK: Goldman Sachs Lifts Weir Target Price, EPS
24th Jun 2010 07:48
0648 GMT [Dow Jones] Goldman Sachs raises Weir Group (WEIR.LN) price target to 1550p from 1447p as it adjusts estimates to reflect stronger market recovery in '10, a stronger SPM business, and the Linatex acquisition. Raises '10/'11/'12 EPS estimates by 14%/8%/6% respectively to 91p/101p/112p. "We c
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
18th Jun 2010 10:52
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0952 GMT [Dow Jones] KBC Peel Hunt downgrades Weir Group (WEIR.LN) to hold from buy, as the shares have outperformed stron
Read moreMARKET TALK: KBC Peel Hunt Downgrades Weir Group To Hold
18th Jun 2010 10:52
0952 GMT [Dow Jones] KBC Peel Hunt downgrades Weir Group (WEIR.LN) to hold from buy, as the shares have outperformed strongly in recent weeks. The brokerage consequently raises the price target modestly to 1140p from 1100p. Says there is clearly scope for further upgrades in 2H if after-market deman
Read more