London midday: Stocks rise as Chinese manufacturing hits seven-month high
24th Oct 2013 12:10
- Chinese HSBC PMI at seven-month high - Eurozone composite PMI misses forecasts - Sports Direct founder sells 106m-pound stake techMARK 2,629.17 +0.18% FTSE 100 6,706.61 +0.48% FTSE 250 15,526.08 +0.20% UK stocks were performing well on Thursday as some improving data from China fuelled some dece
Read moreThursday broker round-up UPDATE
24th Oct 2013 09:25
Aquarius Platinum: Investec lowers target price from 48p to 42p and downgrades from hold to sell. ASOS: Citi increases target price from 5800p to 7000p reiterating its buy recommendation. BHP Billiton: Jefferies raises target price from 2350p to 2400p and keeps a buy recommendation. Clinigen: Inv
Read moreLondon open: Markets rebound after China data, Sports Direct drops
24th Oct 2013 08:33
- Chinese HSBC PMI at seven-month high - Sports Direct founder sells 106m-pound stake - WPP rises after strong third quarter techMARK 2,627.78 +0.13% FTSE 100 6,695.11 +0.31% FTSE 250 15,538.56 +0.28% UK markets rebounded on Thursday morning with buying sparked by some improving data from China.
Read moreLondon pre-open: FTSE to claw back yesterday's losses
24th Oct 2013 07:26
City sources predict the FTSE 100 will open around 25 points higher than yesterday's close of 6,674.48, regaining losses seen on in London markets on Wednesday. The gains are expected despite moderate losses in the US overnight, which saw the S&P 500 snap a five-day winning streak as investors weig
Read moreWPP posts revenue growth in first nine months
24th Oct 2013 07:10
- Revenues rise 7.2% in first nine months - New business wins increase - Growth supported by advertising and media investment Advertising giant WPP reported a 7.2 per cent rise in revenue to 8.2bn pounds in the first nine months on the back of acquisitions and new business wins. The company achi
Read moreBroker tips: Gold miners, WPP, 888, Shanks
16th Oct 2013 11:50
Nomura said it has been 'somewhat perplexed' by gold's recent weakness during the US government shutdown, but said it was positive on the outlook for gold prices until the end of the year. Nevertheless, the broker has downgraded its ratings for gold mining peers Polymetal and Centamin after both st
Read moreBroker snap: Omnicom results bode well for WPP, says Panmure
16th Oct 2013 09:28
Panmure Gordon has kept its positive stance on advertising and media giant WPP, highlighting good read-across from sector peer Omnicom. The broker maintained its 'buy' rating and 1,550p target price for the stock. WPP's share price rose strongly on Tuesday after Omnicom - one of the 'Big Four' glo
Read moreWPP snaps up Chinese digital agency
15th Oct 2013 09:21
WPP has acquired Chinese digital ad agency IM2 for an undisclosed fee as it looks to expand in fast-growth and digital markets. The FTSE 100-listed advertising behemoth, which already generates $5bn of annual revenues from the Asia Pacific region, said IM2 was one of China's "leading and most succ
Read moreLondon midday: Markets pause at three-month low as UK data disappoints
9th Oct 2013 11:19
Disappointing UK production figures and the ongoing political deadlock in the US weighed on market sentiment on Wednesday morning, with the FTSE 100 subdued after hitting a three-month low the day before. London's benchmark FTSE 100 index was trading broadly flat by midday, erasing earlier losses,
Read moreLondon open: Stocks under pressure as debt ceiling looms
9th Oct 2013 08:22
Markets dropped sharply once again on Wednesday as investors' appetite for risk continues to be eroded by the ongoing government shutdown in the US. Not even the news that well-known dove Janet Yellen will be nominated as the next chair of the Federal Reserve lifted stocks this morning, with the FT
Read moreWPP makes follow-on investment in Enprecis
26th Sep 2013 09:56
WPP's wholly-owned operating company Kantar, a data investment management group, has announced a follow-on investment in Enprecis, which uses a proprietary online platform to collect and analyse data about consumer experience for the automotive industry. Enprecis, which in 2012 had gross assets of
Read moreThursday broker round-up UPDATE
19th Sep 2013 08:20
ASOS: Canaccord Genuity increases target price from 3400p to 6200p and upgrades to buy. Associated British Foods: Jefferies raises target price from 1650p to 1750p and retains a hold recommendation. Barclays: Alphavalue upgrades from add to buy with a target price of 344.20p. BHP Billiton: Nomura
Read moreInterserve exec sells shares after exercising options
13th Sep 2013 16:34
Steven Dance, an Executive Director at support services and construction group Interserve, benefitted from the stock's impressive rise so far this year by raising half a million pounds after the sale of shares post-exercise. The company said on Friday that Dance, who joined the board back in 2008,
Read moreWPP signs contract with Indian digital technology firm
12th Sep 2013 08:55
Ogilvy & Mather, a wholly-owned subsidiary of WPP, has signed a deal to acquire a majority stake in digital technology and production company PennyWise Solutions, a firm based in India. The move is part of WPP's goal of developing its networks in fast-growth and important markets and sectors. Pe
Read moreWednesday broker round-up UPDATE
11th Sep 2013 08:14
Advanced Medical Solutions: Panmure Gordon moves target price from 90p to 102p and reiterates a buy recommendation. Amara Mining: Numis shifts target price from 40p to 45p retaining its buy recommendation. Anite: Numis cuts target price from 155p to 128p and downgrades to hold. Ashmore Group: Ban
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