Monday newspaper round-up: BP, AstraZeneca, Sainsbury's...
29th Apr 2013 06:48
The Telegraph writes that BP's giant underwater oil project offshore Angola has come in four billion dollars over budget after delays set it back a year. According to The Independent, unions are meeting with AstraZeneca in an attempt to convince the pharmaceuticals group to reverse plans to shut do
Read moreLondon midday: Miners fall ahead of US growth figures
26th Apr 2013 12:08
Stocks in the UK slipped on Friday morning as traders took profits after a three-day winning streak with markets nervous ahead of economic growth data from the United States this afternoon. The US Commerce Department is expected to reveal that gross domestic product (GDP) in the world's largest eco
Read moreLondon open: Markets nervous ahead of US GDP data
26th Apr 2013 08:41
Markets opened in negative territory on Friday morning as eyes turned to the all-important reading of first-quarter economic growth in the US. The US Commerce Department is expected to reveal later on that gross domestic product (GDP) in the world's largest economy expanded at a 3.0% pace in the fi
Read moreLondon pre-open: FTSE expected to open lower on profit taking
26th Apr 2013 07:30
City sources predict the FTSE 100 will open down 23 points from yesterday's close of 6,443 on the expectation of some end of the week profit taking. In the US last night stocks started the day strongly on the back of better-than-expected jobless claims and corporate earnings but gains were trimmed
Read moreFriday broker round-up UPDATE
26th Apr 2013 07:24
Admiral Group: HB Markets initiates with a buy recommendation. AstraZeneca: Deutsche Bank takes target price from 3100p to 3160p and leaves its hold recommendation unchanged. Avon Rubber: Investec upgrades from hold to add with a target price of 420p. Betfair Group: Citigroup raises target price
Read moreWPP buoyed by strong growth in UK and emerging markets
26th Apr 2013 07:08
Advertising and media group WPP reiterated its long-term targets on Friday after saying that trading patterns in the first three months of the year were similar to the final quarter of 2012. Revenues grew by 5.9% to £2.53bn in the quarter ended March 31st, up just 2.1% on a like-for-like basis as g
Read moreFriday preview: WPP to unveil first-quarter results
25th Apr 2013 14:56
WPP's Chief Executive Office Martin Sorrell on Thursday outlined the amount the advertising company spends on digital promotions ahead of its first-quarter results. Sorrell said digital now accounts for 34% of WPP's media investment. The group spends $73bn globally on buying ad space across media
Read moreWPP makes further investment in Leading Smart
8th Apr 2013 13:13
WPP Digital, the FTSE 100 company's digital investment arm, has participated in a third round of financing relating to its minority investment in Leading Smart Holdings, which has a controlling interest in the parent company Miaozhen Systems. As such, WPP has invested in a series C preferred share
Read moreThursday broker round-up UPDATE
4th Apr 2013 07:32
Aviva: Bank of America cuts target price from 350p to 335p, while its neutral rating remains unchanged. Barratt Developments: Credit Suisse revises target price from 223p to 317p, while staying with its neutral rating. Bellway: Credit Suisse moves target price from 1202p to 1639p and leaves its ou
Read moreWednesday broker round-up UPDATE
3rd Apr 2013 08:41
Aggreko: Credit Suisse takes target price from 1850p to 2000p staying with its neutral rating. Andor Technology: Investec ups target price from 500p to 525p reiterating a buy recommendation. AngloAmerican: Credit Suisse cuts target price from 2100p to 1900p and reiterates a neutral rating. Antofa
Read moreBroker tips: AstraZeneca, IMI, WPP
2nd Apr 2013 12:16
JPMorgan Cazenove has upgraded its rating for drugmaker AstraZeneca from 'underweight' to 'neutral' and lifted its price target for the stock from 2,750p to 3,400p, causing shares to edged higher on Tuesday. "We continue to model AZN's earnings trough in 2017, however, as the pipeline matures and b
Read moreBroker snap: WPP is a 'low-risk growth play', says Galvan
2nd Apr 2013 12:06
Galvan Research and Trading has recommended to 'buy' shares of advertising and media group WPP, labelling the stock a 'low-risk growth play'. Last month, the company beat market expectations with its results for 2012, though frontman Sir Martin Sorrell did admit that its performance was "ugly" as a
Read moreWednesday broker round-up UPDATE
20th Mar 2013 08:53
Abcam: Canaccord Genuity moves target price from 344p to 358p, but still recommends selling. Antofagasta: Jefferies cuts target price from 1350p to 1100p, while keeping a hold recommendation. ASOS: Cantor Fitzgerald raises target price from 2500p to 2900p reiterating a hold recommendation. Panmure
Read moreWPP makes strategic investment in SFX Entertainment
18th Mar 2013 09:33
FTSE 100-listed advertising and marketing giant WPP has made a strategic investment in SFX Entertainment, the digital media company providing a platform for electronic dance music events. A statement issued by WPP said that the investment would enable WPP's operating companies to tap into the fast-
Read moreWPP susbsidiary acquires stake in Thomas Idea
14th Mar 2013 09:21
FTSE 100-listed advertising and marketing giant WPP has reported that XM Asia, a division of its wholly-owned operating company JWT, has acquired a majority stake in Thomas Idea, a Thailand-based digital marketing agency. Thomas Idea employs 45 people and had total assets of approximately THB 50m (
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