Broker tips: Meggitt, Whitbread, Gold miners
5th Jul 2013 12:18
Deutsche Bank has cut its recommendation for aerospace and defence engineering group Meggitt from 'buy' to 'hold' ahead of its first-half results next month, saying it sees 'insufficient upside' from current prices. "Reflecting the recent re-rating of defence peers and ongoing optimism around the c
Read moreLondon midday: Stocks hold on to gains before US jobs report
5th Jul 2013 12:00
The FTSE 100 was holding at a one-month high on Friday morning as investors awaited the US jobs report this afternoon which could spark a volatile reaction on stock markets worldwide. US futures were pointing to a strong start on Wall Street today, though volumes were on the light side as traders r
Read moreBroker snap: UBS downgrades Whitbread after investor day
5th Jul 2013 11:49
UBS has cut its recommendation for restaurant and hotel firm Whitbread from 'buy' to 'neutral' following the company's investor day, citing insufficient share price upside. "While we view the new brand and international expansion plans positively, we do not think these initiatives change the near t
Read moreFriday broker round-up UPDATE
5th Jul 2013 08:09
African Barrick Gold: Nomura lowers target price from 200p to 155p, while upgrading from reduce to buy. Barclays: Bank of America reduces target price from 410p to 370p, while leaving its buy recommendation unchanged. BHP Billiton: Investec ups target price from 1919p to 1926p maintaining a buy re
Read moreLondon close: BoE and ECB relieve market angst
4th Jul 2013 17:36
As might have been expected, in their first meeting with Mark Carney at the helm the Monetary Policy Committee [MPC] managed to surprise markets by introducing a first taste of the much-vaunted forward policy guidance. Although analysts' reactions seem to be somewhat mixed, with some seeing hints o
Read moreWhitbread launches cheaper, smaller Premier Inn 'hubs'
2nd Jul 2013 07:37
A new hotel concept by Premier Inn offering cheaper, more compact and modern city-centre rooms will be launched in London next summer, according to the UK's largest hotel group Whitbread. The company said on Tuesday that the 'hub by Premier Inn' idea boasts "ingenious, contemporary room design and
Read moreMonday broker round-up UPDATE
1st Jul 2013 07:27
Ashmore Group: Canaccord Genuity lowers target price from 399p to 380p, while its buy recommendation remains unchanged. ASOS: Panmure Gordon increases target price from 4320p to 4555p and retains a buy recommendation. AVEVA Group: Sanlam Securities reduces target price from 2500p to 2325p leaving
Read moreThursday broker round-up UPDATE
20th Jun 2013 08:43
Ashtead Group: Jefferies takes target price from 690p to 750p and leaves its buy recommendation unchanged. ASOS: Deutsche Bank increases target price from 3300p to 3800p and reiterates a hold recommendation. Atkins: Liberum Capital takes target price from 1020p to 1100p and maintains a buy recomme
Read moreWednesday broker round-up UPDATE
19th Jun 2013 08:27
Aggreko: UBS cuts target price from 1975p to 1850p downgrading from buy to neutral. JP Morgan revises target price from 1870p to 1800p and retains a neutral rating. Alliance Pharma: Investec shifts target price from 35.20p to 35.80p, while downgrading from add to hold. Associated British Food: UBS
Read moreLondon close: Markets move higher with Fed decision in focus
18th Jun 2013 17:04
After a subdued start, the FTSE 100 finished with impressive gains on Tuesday as investors put aside worries ahead of the key 'risk event' of the week, the monetary policy meeting at the Federal Reserve. Banking stocks in London were performing well today after the China Securities Journal suggeste
Read moreFTSE 100 movers: Whitbread jumps as Costa drives strong first-quarter growth
18th Jun 2013 14:34
Whitbread was performing well on Tuesday after the company reported a decent first quarter with group sales up 13.8 per cent, boosted by growth at Premier Inn and another strong performance from Costa which saw sales jump by an impressive 24.8 per cent. Whitbread said that while sales in its resta
Read moreLondon midday: Stocks rise as markets await Fed policy decision
18th Jun 2013 11:20
Markets were issuing decent gains on Tuesday morning with investors choosing to be optimistic ahead of the all-important monetary policy meeting in the States which concludes tomorrow. Helping sentiment this morning was Germany's closely-watched ZEW survey which showed that the economic sentiment i
Read moreLondon open: Markets edge higher ahead of Fed, Whitbread rises
18th Jun 2013 08:33
UK stocks were in positive territory in early trading on Tuesday though gains were only slight with markets cautious ahead of the all-important monetary policy meeting in the States. The two-day Federal Open Market Committee meeting which concludes tomorrow will likely keep upside on markets limite
Read moreTuesday broker round-up UPDATE
18th Jun 2013 08:19
Alternative Networks: Westhouse Securities upgrades from neutral to add with a target price of 350p. Andes Energia: Westhouse Securities initiates with a target price of 60p and a buy recommendation. Andor Technology: Investec reduces target price from 525p to 360p downgrading from buy to hold. A
Read moreLondon pre-open: Markets to edge lower ahead of FOMC
18th Jun 2013 07:39
After decent gains the day before, the FTSE 100 is expected to open slightly lower on Tuesday morning as markets turn cautious ahead of the Federal Open Market Committee meeting which concludes tomorrow. City sources predict the FTSE 100 will open down five points from yesterday's close of 6,330.
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