London open: Markets flat as investors digest mixed data from Asia
9th Dec 2013 08:53
- Markets still digesting non-farm payrolls - Chinese export growth picks up - Japan Q3 GDP revised lower techMARK 2,678.36 +0.29% FTSE 100 6,553.51 +0.02% FTSE 250 15,359.05 +0.27% Markets opened more or less flat on Monday morning as investors continued to digest last week's strong US data, as w
Read moreWednesday broker round-up UPDATE
4th Dec 2013 09:21
Afren: FinnCap lowers target price from 170p to 165p and downgrades to hold. Amlin: Espirito Santo upgrades to buy with a target price of 509p. Betfair: Citi raises target price from 1150p to 1225p maintaining a buy recommendation. Brewin Dolphin: Canaccord Genuity increases target price from 285
Read moreFTSE 100 movers: Experian declines on Goldman Sachs's advice
29th Nov 2013 15:02
Shares of Experian fell to the bottom of the pile after Goldman Sachs recommended shifting the stock. The broker reduced its rating on the stock to "sell" from "neutral". Kingfisher also fell after the DIY retailer's third-quarter results coming in well below forecasts on Thursday. The B&Q and Scr
Read moreWPP acquires digital marketing firm
29th Nov 2013 11:37
WPP's New York advertising network POSSIBLE Worldwide has acquired Media Republic Development, a digital marketing firm in the Netherlands. Media Republic will become part of GreyPossible Benelux, which itself was formed earlier this year when WPP merged its Grey agency's Amsterdam and Brussels op
Read moreBroker tips: WPP, Rio Tinto, Thomas Cook
28th Nov 2013 12:04
WPP's share price was performing well on Thursday after UBS increased its target for the stock from 1,300p to 1,500p and raised its growth forecasts on the back of an optimistic outlook for the advertising and media giant. "We argue that corporates will increase their investment in the services WPP
Read moreBroker snap: UBS lifts forecasts for WPP on optimistic outlook
28th Nov 2013 10:02
WPP's share price was performing well on Thursday after UBS increased its target for the stock from 1,300p to 1,500p and raised its growth forecasts on the back of an optimistic outlook for the advertising and media giant. The bank has lifted its organic growth forecast for 2013 from 3.2% to 3.3% a
Read moreThursday broker round-up UPDATE
28th Nov 2013 08:23
Anglo American: Liberum Capital upgrades to hold with a target price of 1150p. Associated British Foods: Jefferies increases target price from 1750p to 2400p, while staying with its hold recommendation. Beazley: Canaccord Genuity ups target price from 260p to 270p leaving its buy recommendation un
Read moreFTSE 100 movers: AMEC leads ex-divis lower, Lloyds rises
27th Nov 2013 15:11
Engineering firm AMEC was a heavy faller today after going ex-dividend. Others in the FTSE 350 including Johnson Matthey, Vedanta Resources, Lancashire Holdings, 3i Infrastructure, UDG Healthcare, Telecom Plus and Dunelm also went ex-div today. Antofagasta was falling after JPMorgan Chase reiterate
Read moreWPP acquires stake South African communications firm
27th Nov 2013 12:32
WPP, the FTSE 100 advertising and public relations company, has acquired a majority stake in South African firm Cerebra Communications, an integrated strategic communication agency based in Johannesburg. The acquisition forms part of WPP's strategy of developing its services in fast-growing and imp
Read moreWPP snaps up stake in Turkish social media agency
20th Nov 2013 14:58
WPP's wholly-owned operating company, Y&R, a global marketing communications network, has acquired a majority stake in Plasenta Conversation Agency, a social media agency based in Istanbul, Turkey. The agency specialises in social media monitoring and management and digital media projects for Turki
Read moreWPP agrees to buy Bottle Rocket
8th Nov 2013 10:44
British advertising and public relations giant WPP has agreed to buy Bottle Rocket, a maker of apps for mobile devices. Bottle Rocket, which creates iPhone, iPad and Android apps, has won multiple Apple Hall of Fame awards and frequently appear at the top of their categories in the App Store. The
Read moreTuesday broker round-up UPDATE
5th Nov 2013 08:57
Afren: FinnCap ups target price from 130p to 140p keeping a hold recommendation. African Barrick Gold: Westhouse Securities raises target price from 115p to 170p, while downgrading to sell. Associated British Foods: Numis downgrades to reduce with a target price of 1845p. Panmure Gordon ups target
Read moreBroker snap: Nomura hikes target price for WPP
25th Oct 2013 09:34
Nomura has raised its target price for advertising and media giant WPP after a 'reassuringly solid third quarter' and a strong outlook for 2014. The target has been lifted from 1,300p to 1,450p and its 'buy' rating has been retained. The company's results showed that like-for-like (LFL) revenues g
Read moreLondon close: Markets lifted by corporate earnings, China outlook
24th Oct 2013 16:22
- FTSE 100 at levels not seen since May - China manufacturing PMI at seven-month high - Financials, miners and pharma stocks gain techMARK 2,642.27 +0.68% FTSE 100 6,713.18 +0.58% FTSE 250 15,526.93 +0.21% UK markets set a fresh five-month high on Thursday as investors celebrated an improved outlo
Read moreFTSE 100 movers: Sports Direct sinks on Ashley's transaction
24th Oct 2013 14:34
Sports Direct, the High Street retailer which impressed the market with its first-half trading update yesterday, sank sharply today. The firm revealed that MASH Holdings, a company wholly owned by founder and Deputy Chairman Mike Ashley, sold 16m shares (a 2.7% stake) at 662.5p each, a 7.5% discou
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