FTSE 100 movers: Kazakhmys in red on plans to slash divi
28th Feb 2013 15:21
Copper giant Kazakhmys was the worst performer of the day after saying that it would be slashing its dividend for 2012 to reflect falling profits. The company also said that its CFO would step down in May, when its Chairman is also due to retire. UK lender RBS slumped in morning trade despite core
Read moreThursday broker round-up UPDATE
28th Feb 2013 07:19
AZ Electronic Materials: Goldman Sachs moves target price from 440p to 450p and retains a buy recommendation. Bovis Homes Group: Deutsche Bank shifts target price from 667p to 679p, while downgrading to hold. British American Tabacco: Investec places its target price (previously 3350p) and buy rec
Read moreWednesday broker round-up UPDATE
27th Feb 2013 08:11
: Panmure Gordon reduces target price from 2159p to 1742p and reiterates its hold recommendation. Antofagasta: JP Morgan cuts target price from 1485p to 1400p, while retaining its overweight rating. Barclays: Numis raises target price from 351p to 400p and upgrades to buy. BT Group: UBS moves tar
Read moreLondon close: Stocks tank on political instability in Italy
26th Feb 2013 16:38
Upbeat economic data from the States wasn't enough to give markets a boost on Tuesday as a political impasse in Italy dampened the demand for cyclical stocks, such as banks. The centre-left party led by Pier Luigi Bersani appears to have won the lower house by a narrow margin though the there was a
Read moreFTSE 100 movers: GKN rises after strong results and broker comment
26th Feb 2013 15:18
GKN got a boost after Jefferies said that company has a sound platform for solid growth after the engineering group's pre-tax profit came in ahead of its predictions. Chemicals group Croda was also a bright spot after saying that it has made an encouraging start to the new year. The company said t
Read moreLondon midday: FTSE 100 sinks on Italian political impasse
26th Feb 2013 11:37
The Footsie lost over one per cent on Tuesday morning in the aftermath of the Italian national elections, as financial markets reacted to the political uncertainty unravelling in the Eurozone's third-largest economy. The centre-left party led by Pier Luigi Bersani appears to have won the lower hous
Read moreBroker tips: RBS, GKN, Whitbread
26th Feb 2013 10:57
Nomura has reiterated its 'reduce' rating and 300p target price for UK lender Royal Bank of Scotland (RBS) ahead of the bank's full-year results later this week. "We believe the group still faces material uncertainties with respect to deleveraging, asset quality and the future shape of operations,
Read moreBroker snap: Whitbread a 'sell' after LFL sales miss
26th Feb 2013 09:14
Investec has retained its 'sell' rating and 2,000p target price for Costa coffee, restaurant and hotel owner Whitbread on the back of a like-for-like (LFL) sales miss in the fourth quarter and an unattractive valuation. In a pre-close trading update on Tuesday morning, Whitbread said that full-year
Read moreLondon open: Political uncertainty in Italy hammers stocks
26th Feb 2013 08:25
Election results in Italy prompted in a sell-off across European stock markets on Tuesday morning after the country was thrown into a political deadlock. The centre-left party led by Pier Luigi Bersani appears to have won the lower house by a narrow margin though the there was an inconclusive vote
Read moreTotal sales rise 14.8 per cent in financial year to date at Whitbread
26th Feb 2013 07:20
Total sales rose 14.8 per cent in the 50 weeks to February 14th at hotel and restaurant group Whitbread. In a trading statement issued on Tuesday, the group reported "double digit sales growth" and said it was on track to deliver full year results in line with expectations. Like-for-like sales ros
Read moreFriday broker round-up UPDATE
22nd Feb 2013 07:12
Antofagasta: RBC upgrades from underperform to outperform. Ashmore Group: Citigroup raises target price from 330p to 355p upgrading to neutral. JP Morgan ups target price from 361p to 413p and maintains a neutral rating. Babcock International: Citigroup revises target price from 965p to 1185p and
Read moreSector movers: Supermarket stocks hit by ongoing horsemeat scandal
15th Feb 2013 15:16
The horsemeat scandal in the UK continued to take its toll on the supermarkets on Friday, with food retail stocks among the worst performers of the day. Walmart's Asda said this morning that it was forced to take its 'Chosen By You 350g Beef Bolognese' sauce off its shelves following the detection
Read moreWhitbread apologises after horse DNA is found in lasagne
15th Feb 2013 13:40
Pub and hotel chain Whitbread has admitted that horse DNA has been found in two of its products, making it the the latest company to admit that the equine ingredient slipped into its food chain. Whitbread reported that two of the 30 products it tested for equine DNA on Thursday came out positive. T
Read moreThursday broker round-up UPDATE
14th Feb 2013 08:09
African Barrick Gold: Deutsche Bank cuts target price from 410p to 340p, while staying with its hold recommendation. Investec reduces target price from 405p to 315p and downgrades from buy to hold. JP Morgan lowers target price from 370p to 290p and downgrades to underweight. AG Barr: Barclays down
Read moreFriday broker round-up UPDATE
1st Feb 2013 07:55
Afren: HSBC shifts target price from 190p to 200p, while reiterating an overweight rating. Antofagasta: Exane BNP reduces target price from 1500p to 1350p maintaining an outperform rating. Antrim Energy: Westhouse Securities lowers target price from 70p to 65p and reiterates a buy recommendation.
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