Tuesday 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
Read moreLondon 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
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