Sunday newspaper round-up: Xstrata, Heathrow, RBS
9th Sep 2012 16:49
Shareholders have warned directors at Xstrata, the FTSE 100 mining company, that they risk being removed if they block the 56bn pound merger with Glencore. Glencore's final offer ? increased in dramatic circumstances last week after the intervention of Tony Blair, the former prime minister ? will go
Read moreTuesday broker round-up
4th Sep 2012 09:31
Ashtead: Jefferies lifts target from 360p to 320p, buy rating kept. Barclays: JP Morgan downgrades to neutral from overweight, target cut from 265p to 250p. British Land: UBS downgrades to neutral, target cut from 575p to 560p. Capital Shopping Centres Group: UBS upgrades to buy, target lifted fr
Read moreMonday broker round-up
3rd Sep 2012 09:14
APR Energy: UBS raises target from 590p to 600p, sell rating unchanged. ARM Holdings: Deutsche Bank downgrades to sell, target cut from 465p to 400p. Burberry: Nomura keeps buy rating and 1,450p target. Cairn Energy: BarCap cuts target from 445p to 350p, equal weight rating kept. Computacenter:
Read moreLondon close: Markets nervous ahead of Jackson Hole
29th Aug 2012 16:39
- Stocks look to Jackson Hole summit for a boost - Draghi hints at action ahead of ECB meeting - Glencore leads fallers on growing opposition to merger Global stock markets were mostly trading in the red on Wednesday afternoon in spite an upwards revision to US economic growth as investors showed c
Read moreFTSE 250 movers: SVG Capital rises on sale of Galaxy holding
29th Aug 2012 14:59
Private equity investor SVG Capital rose after announcing that it is set to benefit after Permira, in which it has both direct and indirect holdings, agreed to sell 53 per cent of its remaining holding in Galaxy Entertainment Group, a Hong Kong-listed casino and hotel operator, at HKD21 per share.
Read moreLondon midday: Markets look to Jackson Hole for boost
29th Aug 2012 11:37
- Greece agrees on budget plan - Spain a concern as Catalonia in need of aid - Markets look ahead to Jackson Hole meeting The Footsie remained firmly in the red in morning trade as concerns over the Eurozone and speculation about the upcoming Jackson Hole meeting in Wyoming continue to be the focus
Read moreLondon open: Glencore leads fallers early on
29th Aug 2012 08:25
- Spain a concern as Catalonia needs aid - Markets await Bernanke - Ex-div Glencore a heavy faller early on Ex-div stocks and miners were weighing heavily on the FTSE 100 index in early trading on Wednesday morning with worries about Spain weighing on sentiment. It was revealed yesterday that the
Read moreThursday broker round-up
23rd Aug 2012 09:29
Aegis: Nomura maintains buy rating and 240p target. British Land: Jefferies downgrades to hold. Cobham: Citigroup downgrades to neutral, target cut from 265p to 230p. Diageo: Jefferies maintains buy rating and 1,915p target; Investec maintains buy rating and 1,900p target. Evraz: HSBC upgrades t
Read moreWednesday broker round-up
22nd Aug 2012 09:20
888 Holdings: Shore Capital upgrades to buy. Afren: Jefferies raises target from 140p to 155p, buy recommendation maintained. Anglo American: JPMorgan Cazenove downgrades to underweight, target cut from 3,000p to 1,900p. Antofagasta: JPMorgan Cazenove upgrades to overweight, target lifted from 1,
Read moreBroker tips: Glencore, Wood Group, African Barrick Gold
21st Aug 2012 12:29
Commodities producer and marketer Glencore produced a 'big beat' in its first half, according to Jefferies, leading the broker to reiterate its 'buy' recommendation and 400p target price for the stock. As for the proposed merger with Xstrata, Jefferies says that it still expects Glencore to bump up
Read moreBroker snap: Wood Group deserves to trade at a premium, says Credit Suisse
21st Aug 2012 10:42
Credit Suisse has reiterated its 'outperform' rating and 925p target price for Wood Group, saying that the oil and gas services firm outdid its UK peers with its first-half results. "Unlike UK peers we believe Wood Group's 1H results and outlook are solid," Credit Suisse said. "The outlook stateme
Read moreWood Group still stuttering in Oman
21st Aug 2012 08:50
Wood Group, the energy services firm, has seen revenues soar in the first half of 2012 as it seeks to stem losses from its troublesome Oman contract. Turnover for the six months to the end of June was $3.346bn, up 36% on the same period of 2011. Profits before tax for the half year were $160m, a r
Read moreWood Group increase onshore presence in the US
3rd Aug 2012 07:33
John Wood Group, the support services firm focused on the oil and gas business, has increased its presence in the US Eagle Ford shale region of Texas with a bolt-on acquisition. The group has acquired Duval Lease Services and Freer Iron Works, a Houston-based provider of maintenance, installation a
Read moreEuromoney fills Chairman spot with own MD
1st Aug 2012 09:23
Euromoney Institutional Investor has joined Wood Group and SABMiller in cocking a snook at what is regarded as best practice in the City and is promoting its Managing Director, Richard Ensor, to the role of Chairman. Ensor will replace Euromoney's soon-to-retire Executive Chairman, Padraic Fallon,
Read moreLondon close: Corporate earnings provide a boost
19th Jul 2012 16:59
- Markets lifted by a series of upbeat earnings - IMF urges Britain to do more - Economic data from the US maybe not as weak as it appears A barrage of upbeat earnings reports from some heavyweight stocks across the US and Europe lifted sentiment today, sending the Footsie to its highest closing le
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