FTSE 100 movers: Sage gets boost from Citigroup
29th Oct 2012 15:07
Sage Group was leading the risers after Citigroup upgraded the stock from neutral to buy, and raised its target price from 294p to 345p. Similarly, Deutsche Bank has today upped its price targets Hammerson to 580p from 540p, boosting the stock into the top three risers. Serco Group, the internat
Read moreFTSE 100 movers: Anglo American soars as search for new CEO begins
26th Oct 2012 15:26
Leading the risers was diversified mining titan Anglo American after announcing that it is on the look out for another CEO after Cynthis Carroll revealed her decision to resign. "It is a very difficult decision to leave, but next year I will be entering my seventh year as Chief Executive and I fee
Read moreBroker tips: Pearson, WPP, APR
26th Oct 2012 12:56
Investec has maintained its 'hold' rating and 1,240p target price for publishing group Pearson, saying that the possible merger between Penguin and Random House is 'not a game changer'. Investec analyst Steve Liechti notes that this follows speculation in the summer but nothing since has followed.
Read moreBroker snap: Nomura cuts growth estimates for WPP
26th Oct 2012 10:52
Nomura has reduced its target price for advertising and media giant WPP from 1,030p to 980p after cutting its forecasts for organic growth on the back of a slowing macro-economic environment. In a research report published late on Thursday, the broker said it has slashed its organic growth estimate
Read moreFriday broker round-up
26th Oct 2012 10:00
African Barrick Gold: Investec cuts target from 530p to 526p, hold rating kept. APR Energy: UBS cuts target from 600p to 530p, sell rating unchanged; Jefferies cuts target from 850p to 625p, hold rating kept. ASOS: Deutsche Bank downgrades to hold; Nomura ups target from 1,930p to 2,000p, neutral
Read moreLondon close: Economists see MPC taking QE off the table
25th Oct 2012 16:45
- UK and US data beats expectations - UK QE off the table for November's meeting, say analysts - Miners provide a drag on the Footsie Stocks pared gains to finish flat by the close on Thursday despite a barrage of better-than-expected data the world over - including UK gross domestic product (GDP)
Read moreBroker tips: WPP, Reckitt, ASOS
25th Oct 2012 11:14
Investec has maintained its 'buy' rating for media and advertising giant WPP but has put its 950p target price under review after a disappointing third-quarter trading update on Thursday. "3Q IMS is disappointing with slower US/Europe but also Emerging markets. The latter is expected to bounce bac
Read moreBroker snap: WPP still a 'buy' despite slowdown, says Investec
25th Oct 2012 10:00
Investec has maintained its 'buy' rating for media and advertising giant WPP but has put its 950p target price under review after a disappointing third-quarter trading update on Thursday. "3Q IMS is disappointing with slower US/Europe but also Emerging markets. The latter is expected to bounce bac
Read moreLondon open: Corporate results impress as markets await GDP data
25th Oct 2012 08:40
- Unilever, AstraZeneca and miners rise after updates - WPP falls after Q3 disappointment - Markets higher ahead of UK GDP UK stocks edged higher on Thursday morning after a flurry of corporate updates were well received; however gains will likely will be modest this morning ahead of the UK growth
Read moreWPP disappoints with Q3 performance as growth slowdown continues
25th Oct 2012 08:07
WPP shares took a hit on Thursday when the media and advertising giant after it admitted its third quarter growth was slower than that seen in the second quarter, which also came in short of expectations, with fourth quarter growth set to slow further. For the three months ended September 30th, re
Read moreLondon midday: Markets volatile after mixed economic data
24th Oct 2012 11:19
- Stocks react to mixed economic data - FOMC conclusion eyed - ARM extends gains after Q3 results and SAP statement The FTSE 100 was swinging between gains and loss on Wednesday morning as contrasting economic data from China and the Eurozone painted a mixed picture of the global economy. Markets
Read moreBroker tips: BATS, Experian, Gold miners...
24th Oct 2012 11:14
Below-consensus third-quarter results from British American Tobacco (BATS) have led Panmure Gordon to cut its price target for the stock. Nevertheless, a 'buy' rating for BATS has been retained after its 2.5% underperformance against the FTSE All-Share Index. The broker says that the valuation - th
Read moreBroker snap: UBS downgrades WPP on macro risks
24th Oct 2012 10:07
UBS has cut its recommendation for media and advertising giant WPP, saying that a macro slowdown poses a risk to expectations. "We downgrade WPP from 'buy' to 'neutral' given risk to management and consensus FY forecasts and read across of slowdown from peer Omnicom and companies such as GE," the b
Read moreWednesday broker round-up
24th Oct 2012 09:25
African Barrick Gold: Investec raises target from 485p to 530p, hold rating kept. Aggreko: Seymour Pierce maintains buy rating and 2,500p target. AstraZeneca: Panmure Gordon keeps hold rating and 3,000p target. British American Tobacco: Jefferies keeps buy rating and 3,730p target; Panmure Gordon
Read moreLondon open: Markets flat despite Chinese data
24th Oct 2012 08:30
- Earnings and Eurozone concerns weigh on sentiment - BATS and IHG disappoint early on - Miners gain on upbeat Chinese data UK stocks failed to rebound from yesterday's steep sell-off despite some upbeat economic data out from China overnight, as investors continued to digest some disappointing cor
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