Friday broker round-up
9th Nov 2012 09:50
Balfour Beatty: Credit Suisse downgrades to neutral, target cut from 361p to 275p; Citi downgrades to neutral, target cut from 372p to 270p. Big Yellow: Citi downgrades to neutral, target lifted from 330p to 360p. Dairy Crest: JPMorgan Cazenove initiates coverage with overweight rating and 404p ta
Read moreThursday broker round-up - UPDATE
18th Oct 2012 09:24
Ashtead: UBS raises target from 375p to 400p, buy rating kept. ASOS: Panmure Gordon keeps buy rating and 2,530p target. AZ Electronic Materials: Goldman Sachs upgrades to conviction buy. Booker: Panmure Gordon keeps buy rating and 108p target. Britvic: Panmure Gordon keeps hold rating and 380p t
Read moreHutchison China Meditech director tops up stake
13th Sep 2012 15:54
Michael Howell, an Independent Non-Executive Director at Hutchison China Meditech, a research and development company majority-owned by Chi-Med, purchased 31,800 shares at 435.00p each on Tuesday. The £138,330 transaction, which takes Howell's interest in the company to 153,600 shares, comes six we
Read moreXchanging boosts profits after busy first half
1st Aug 2012 11:17
Xchanging, the back office outsourcing firm, had a busy first half building the foundations for renewed growth, with the results pointing to the first signs of this improvement. Revenue for the period edged higher from £322.0m to £322.7m, while adjusted operating profit jumped 15.9% from £13.8m to
Read moreThursday broker round-up
31st May 2012 09:26
Aviva: Nomura cuts target from 600p to 540p, buy rating unchanged. Babcock: Panmure Gordon downgrades from buy to hold, target left at 940p. BG Group: Jefferies reiterates buy stance and 2,000p target. BHP Billiton: Credit Suisse maintains outperform rating and 2,460p target. BT Group: Nomura ke
Read moreThursday broker round-up
17th May 2012 09:36
African Barrick Gold: Goldman Sachs upgrades from sell to neutral. Amlin: Nomura maintains neutral rating and 383p target. Aviva: Shore Capital downgrades from buy to hold; Nomura keeps buy rating and 600p target. Babcock: Liberum Capital downgrades from buy to hold. Brammer: Westhouse Securitie
Read moreAegis director makes double sale
12th Apr 2012 16:23
Harold Mitchell, a senior board member of Aegis Group, the FTSE-250 media and digital communications group, has made a double sale of shares in the month following its better-than-expected full year results. Mitchell, who is the Executive Chairman of Aegis Media Pacific, sold 150,000 shares at 5.5
Read moreFriday tips round up: Bunzl, Man, Xchanging, Psion
2nd Mar 2012 06:50
Questor, in The Telegraph, ponders Bunzl, which supplies things like food packaging and paper plates. It has an odd history, beginning life in modern day Slovakia back in the 1850s as a haberdashery. It's now in the FTSE 100 and going well, up 29% since February last year. Questor says hold as the f
Read moreXchanging aims for fight-back in 2012
1st Mar 2012 11:55
Outsourcing firm Xchanging underlined unveiled better than expected profits for 2011. The company, which provides back office functions like invoice payments and procurement and counts the London Metals Exchange and Gatwick Airport as clients, once traded above 300p per share but a couple of profi
Read moreXchanging drops margin to extend BAE contract
21st Feb 2012 10:46
Xchanging (XCH), a business process and technology services provider, has won a renewal of its contract with BAE Systems to provide procurement services. BAE has played hard ball though; Xchanging admits the new, three year agreement will have a lower margin than the existing contract. Despite the
Read moreTuesday broker round-up - UPDATE
21st Feb 2012 09:00
Admiral: Nomura reiterates buy recommendation and 1,100p target; Credit Suisse upgrades to outperform from neutral, lifts target from 1,100p to 1,300p. Morrison: Goldman Sachs adds to conviction sell list. Petropavlovsk: Nomura upgrades from reduce to neutral, target upped from 860p to 910p. Aber
Read moreXchanging renews LME contract
9th Dec 2011 13:01
Xchanging, the business process and technology services provider and integrator, has renewed its contract to provide technology services to the London Metal Exchange. The contract, which renews on 1 January 2012, is for a minimum of three years, with a two year notice period after the first year.
Read moreITE chief sells shares to cover tax
5th Dec 2011 16:12
Russel Taylor, chief executive of exhibitions and conferences firm ITE, has sold £232,228-worth of shares in the firm just days after the firm saw full revenues and profits jump as its sector defied the general economic gloom. Taylor, who joined the firm in 2003 and took up his current role in 2008
Read moreTesco director makes a return
10th Nov 2011 15:25
Chairman of Tesco Bank Andrew Higginson, who recently announced his plans to check-out from the supermarket giant next year, has sold £1.4m worth of his shares in the firm. 54-year-old Higginson, who was formerly group finance and strategy director for the firm, is the man behind Tesco's lucrative
Read moreXchanging rises on update
7th Nov 2011 15:34
Xchanging, the business process and technology services provider and integrator, rose more than 12% after reporting that its four part action plan has continued successfully in the second half of the year. During the year the firm identified and delivered cost savings across the business, including
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