Thursday tips round-up: Weir, Filtrona, Tullett Prebon
17th Jun 2010 06:06
Earlier this week engineer Weir posted an unscheduled trading update - which proved a barnstormer. The Telegraph's Questor remains a bull of the group's end markets. The urbanisation of Asian nations as they get richer is a trend that is not going to finish soon - and this process needs power and ma
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
16th Jun 2010 07:40
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] 0640 GMT [Dow Jones] Royal Bank of Scotland raises Weir Group (WEIR.LN) price target to 1337p from 1194p following the compan
Read moreMARKET TALK: RBS Raises Weir Group Price Target
16th Jun 2010 07:40
0640 GMT [Dow Jones] Royal Bank of Scotland raises Weir Group (WEIR.LN) price target to 1337p from 1194p following the company's strong trading update and the announcement of its acquisition of Malaysia-based Linatex. Says the minerals division and SPM continue to trade very well in 2Q '10. Adds the
Read moreMARKET TALK: BofA Merrill Lynch Raises Weir Price Target
15th Jun 2010 12:17
1117 GMT [Dow Jones] Bank of America Merrill Lynch raises Weir Group (WEIR.LN) price target to 1340p from 1220p following the company's stronger than expected trading update. Says aftermarket orders have been strong across the business and original equipment orders have begun to return. The brokerag
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
15th Jun 2010 12:17
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] 1117 GMT [Dow Jones] Bank of America Merrill Lynch raises Weir Group (WEIR.LN) price target to 1340p from 1220p following
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
15th Jun 2010 09:21
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] 0821 GMT [Dow Jones] Citigroup raises Weir Group (WEIR.LN) price target to 1280p from 1230p following the company's strong
Read moreMARKET TALK: Citigroup Raises Weir Group Target Price
15th Jun 2010 09:21
0821 GMT [Dow Jones] Citigroup raises Weir Group (WEIR.LN) price target to 1280p from 1230p following the company's stronger-than-expected trading update. Says 1H '10 guidance is around GBP26M ahead of previous expectations. Also notes the company's announcement of a GBP138M acquisition of Malaysian
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS -2-
15th Jun 2010 07:27
0624 GMT [Dow Jones] Bellway's (BWY.LN) trading statement is encouraging for both the company and the rest of the sector, says Liberum Capital analyst. Says while Bellway saw a reduction in sales after the general election this was only small. Says the market has been very nervous about the housing
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
15th Jun 2010 07:27
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] 0627 GMT [Dow Jones] UBS raises Weir Group (WEIR.LN) price target to 1200p from 1150p. "While Weir has already delivered four
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
15th Jun 2010 07:27
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] 0627 GMT [Dow Jones] UBS raises Weir Group (WEIR.LN) price target to 1200p from 1150p. "While Weir has already delivered four
Read moreMARKET TALK: UBS Raises Weir Group Price Target
15th Jun 2010 07:27
0627 GMT [Dow Jones] UBS raises Weir Group (WEIR.LN) price target to 1200p from 1150p. "While Weir has already delivered four decent-sized upgrades to '10 estimates this year we believe the momentum will keep on going, albeit probably not at the same pace that has seen '10 estimates," says UBS. It a
Read moreTuesday tips round-up: Weir, Mothercare, United Utilities
15th Jun 2010 06:53
Engineering group Weir issued a surprise update yesterday, revealing that trading over the nine weeks to the 4 June had been stronger than expected. Particularly encouraging was the disclosure that original equipment orders had begun to increase. In terms of enterprise value to earnings before inte
Read moreLondon close: Mining stocks boost Footsie
14th Jun 2010 16:49
Footsie finished with good gains as mining stocks enjoyed a boost from higher metals prices. Mining companies Kazakhmys, Vedanta and BHP Billiton went well but it was silver and gold miner Fresnillo that led the way on rumours that the company is under the bid microscope. BP's slide continues. Th
Read moreLondon afternoon: Fresnillo adds lustre to Footsie
14th Jun 2010 14:12
Expectations of a firm start on Wall Street and a paring of the morning's losses suffered by BP enabled the Footsie to extend its rise over the lunchtime session. Mining companies are enjoying a lift from stronger metals prices. Kazakhmys, Vedanta and BHP Billiton are all going well but it is silve
Read moreBroker tips: Aggreko, Majestic, Weir
14th Jun 2010 12:40
An exhaustive visit to nine of Aggreko's sites in Africa has not changed Panmure Gordon's mind about the company's shares, which it thinks are fairly valued by the market, though the broker was impressed with the growth prospects for the temporary power provider over the long term. "In addition to
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