Broker 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
Read moreLondon pre-open: Small gains expected on FTSE
23rd Oct 2012 07:29
City sources predict the FTSE 100 will open up nine points from yesterday's close of 5,883, tracking small gains seen overnight in the US which came thanks to a late rally, although trading was volatile as investors showed caution ahead of a busy week on the corporate earnings front. UK investors
Read moreWPP expands Chinese communications network
23rd Oct 2012 07:20
Grey Group, the global communications network of Sir Martin Sorrell's advertising and media giant WPP, is to buy a majority stake in the Chinese communications agency, ArtM Communications. ArtM was founded in 1999 and has offices in Beijing, Shanghai, Shenzen and Guangzhou. Employing around 180 peo
Read moreLondon pre-open: Losses expected on concerns over global growth
8th Oct 2012 07:37
City sources predict the FTSE 100 will open down 31 points from Friday's close of 5,871, putting an end to the rally which followed better-than-expected jobs data from the US. However, the positive effect of the good news didn't last long and trading in Asia overnight has been poor. This downturn
Read moreWPP invests in German digital media firm
8th Oct 2012 07:03
WPP, the FTSE 100 advertising and media giant led by Sir Martin Sorrell, has bought a majority stake in German digital media agency k102, as it continues to expand its digital capabilities. k102, based in Dusseldorf, was founded in 2006 and generated revenues of €1.3m in 2011 with gross assets at t
Read moreBroker tips: BAE, Next, WPP
13th Sep 2012 11:14
Investec has downgraded its rating for defence giant BAE Systems from 'hold' to 'sell' after yesterday's revelation that the group is in discussions with EADS about a possible merger. The broker has raised its target price from 290p to 350p, 4% below the yesterday's share price. "This is not quite
Read moreBroker snap: WPP's valuation now more attractive, says Jefferies
13th Sep 2012 11:11
Full-year expectations at Sir Martin Sorrell's media and advertising giant WPP Group are achievable, according to Jefferies which has upgraded its recommendation for the stock from 'underperform' to 'hold'. Jefferies said that its caution had stemmed mainly from "1) a mismatch in commentary from mu
Read moreThursday broker round-up
13th Sep 2012 09:17
Anite: Jefferies keeps buy rating and 160p target. BAE Systems: Investec downgrades from hold to sell, target raised from 350p to 290p; Societe General downgrades to sell; Oriel Securities downgrades to hold, target lifted from 350p to 370p. Bank of Georgia: Seymour Pierce keeps buy rating and 1,6
Read moreThursday broker round-up - UPDATE
6th Sep 2012 09:00
Abcam: Canaccord Genuity keeps hold rating and 370p target. AG Barr: Societe Generale upgrades ot hold, target lifted from 370p to 440p. ASOS: Nomura ups target from 1,660p to 1,700p, neutral rating kept. Barclays: Credit Suisse downgrades to neutral, target cut from 215p to 200p. BG Group: Gold
Read moreLondon close: Bernanke comments send stocks lower
31st Aug 2012 16:33
- Footsie swings into negative territory after Bernanke speech - ECB to be given power to grant banking licences - Miners lead risers by the close Ben Bernanke's keenly watched speech at Jackson Hole sparked some volatility on equity markets in late afternoon trade, sending London's blue-chip index
Read moreFTSE 100 movers: Miners lead the risers
31st Aug 2012 14:33
Mining stocks were making gains on Friday, rebounding after bearing the brunt of 'risk-off' trade over the past few days. Even including today's rally, average share prices in the mining sector are down 3.4 per cent over the week. Potential merger partners Glencore and Xstrata were performing well
Read moreLondon midday: Waiting to see what's up Bernanke's sleeve
31st Aug 2012 11:40
- All eyes on Bernanke - Merkel asks Italy to delay bailout request - Redrow Chairman makes takeover approach The Footsie had moved into positive territory by Friday lunchtime following three straight days in the red, though gains were only mild as investors showed caution ahead of a pivotal speec
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