Deutsche Bank cuts Amec Foster Wheeler price target; margin risks drive caution
3rd Jun 2015 14:04
Deutsche Bank cut its target on Amec Foster Wheeler to 815p from 830p, noting that its trading update on Tuesday was weak, highlighting further pressure on the top line and margins. "Despite a diversified structure and ability to lean on cost savings Amec Foster Wheeler is not immune to end-market w
Read moreFriday broker round-up
15th May 2015 15:12
SAB Miller: Berenberg reiterates buy and 3,920 price target. IMI: Nomura reiterates reduce stance, lowers target to 1,115p from 1,175p. ITV: Barclays downgrades to equal-weight with 260p target. HSBC: Berenberg reiterates buy and lowers target to 750p from 790p. Hiscox: Canaccord Genuity reiterat
Read moreBroker tips: British Land, ITV, Wood Group
15th May 2015 11:19
British Land was extending gains made the previous session following a solid annual report, Goldman Sachs and Canaccord Genuity both raised their target prices for the shares and kept 'buy' ratings, while Numis Securities reiterated an 'add' recommendation and Exane BNP Paribas left its 'outperform'
Read moreCanaccord Genuity cuts Wood Group to 'sell'
15th May 2015 10:01
Canaccord Genuity has downgraded energy services outfit Wood Group from 'hold' to 'sell' and cut its target price from 650p to 625p following the recent strong gain in the shares. "Wood Group gave guidance for 2015 with its AGM statement earlier this week, having received greater customer feedback o
Read moreThursday broker round-up
14th May 2015 14:30
ITV: Numis downgrades to add but nudges target to 290p from 275p, Investec reiterates hold and Credit Suisse reiterates outperform. SAB Miller: Credit Suisse reiterates underperform stance, Nomura reiterates neutral recommendation and Deutsche reiterates its call to hold. GlaxoSmithKline: UBS downg
Read moreSector movers: Oilfield services, mining and housebuilers lead market higher
13th May 2015 12:46
Oilfield services, mining and housebuilding stocks took the London market back into the green on Wednesday. At 15:18 BST, the FTSE 100 was trading at 6,966.21 up 0.47% or 32.41 points with housebuilders edging the blue chip index higher as they continued to benefit from buoyancy in the wider propert
Read moreWood Group expects annual earnings to be in line with expectations
13th May 2015 09:03
Oil and gas service company John Wood Group reported an expected decline in overall performances in 2015. However, the company said the decline was anticipated and reflected the "relative resilience" of its business and it expected its full-year earnings to be in line with expectations. In a statem
Read moreLondon open: Stocks inch higher ahead of data, but Greek worries persist
14th Apr 2015 08:19
After an initial drop, London's Footsie bounced into positive territory on Tuesday morning, though gains were only modest as investors awaited key economic data and reacted to uncertainty in Greece. Reports that Athens is preparing for a debt default if it can't reach a deal with its creditors were
Read moreWood Group wins new North Sea contract with Enquest
14th Apr 2015 07:56
Engineering services company Wood Group has secured a new five-year North Sea contract with UK exploration and production outfit Enquest. Wood Group PSN, which will provide engineering, design, construction, procurement and commissioning services, will work on the Thistle, Heather and Northern Produ
Read moreLondon open: Stocks inch higher, but gains limited early on
31st Mar 2015 09:14
UK stocks edged higher on Tuesday morning ahead of a busy day for economic data, with B&Q owner Kingfisher leading the rise early on. The FTSE 100 was up 0.1% at 6,896.06, extending gains after snapping a four-day losing streak on Monday. Asian stocks rose on Tuesday after Beijing unveiled new meas
Read moreWood Group wins "major" Total contract in UKCS
31st Mar 2015 07:55
Energy services outfit Wood Group has won a "major" new contract with French oil giant Total in the UK Continental Shelf (UKCS). The FTSE 250 group did not give exact financial details but said its PSN division was awarded a five-year, multimillion-dollar contract which includes the option for two o
Read moreSector Movers: Real estate and housebuilders in the green, but tobacco takes a hit
19th Mar 2015 14:35
The UK 2015 Budget continues to impact market sentiment as real estate and housebuilding stocks followed oil and gas services companies in posting an uptick in performance. In his final budget before the General Election on May 7, Chancellor George Osborne announced a series of measures considered t
Read moreSector movers: Tax break hopes drive energy stocks higher ahead of UK Budget
17th Mar 2015 14:42
Hopes about tax breaks in the North Sea energy industry were providing stocks in the oil producing and services industry with a much-needed boost on Tuesday, even as the price of crude continued to tumble. Danny Alexander, chief secretary to the Treasury, signalled that North Sea oil and gas produce
Read moreTuesday broker round-up
17th Mar 2015 11:20
Aviva: Credit Suisse reiterates outperform and 610p target price. Legal&General: JP Morgan Cazenove ups target to 220p from 212p and reiterates underweight. Glencore: Investec reiterates buy and takes target to 328p from 306p. John Wood Group: Canaccord Genuity reiterates hold and lowers target to
Read moreSector movers: Oil stocks drops as IEA warns of further crude declines
13th Mar 2015 15:51
A fall in oil prices was hitting shares in the energy sector on Friday after the International Energy Agency (IEA) warned that crude may have further to fall. In its monthly report, the Paris-based institution said that the partial rebound that occurred at the start of the year seems to have paused
Read more