FTSE 250 movers: Zoopla rockets on acquisition, RPS hit by sluggish first quarter
30th Apr 2015 13:05
Zoopla, the residential property website group, topped the risers after agreeing to acquire utility price comparison site uSwitch for up to £190m. Zoopla said it expected the deal to be "significantly enhancing" to adjusted basic earnings per share in the first full financial year following completi
Read moreLondon midday: Stocks erase losses but weak earnings limit upside
30th Apr 2015 12:02
Uncertainty surrounding US monetary policy and a raft of poorly-received corporate earnings kept the FTSE 100 flat on Thursday morning, with the index fluctuating at its lowest in three weeks. The FTSE 100 was up just 0.09% at 6,952.66 by midday, with RBS, IAG and Schroders limiting upside after dis
Read moreLondon open: IAG, RBS and Schroders lead UK markets lower
30th Apr 2015 09:13
UK stock markets picked up where they left off on Thursday, falling for the third straight day on the back of mostly worse-than-expected corporate earnings and hawkish comments from the Federal Reserve. The FTSE 100 was trading 0.43% lower at 6,916.69 early on, with heavyweights IAG, RBS and Schrode
Read moreZoopla zooms higher on uSwitch acquisition
30th Apr 2015 08:22
Zoopla, the residential property website group, has agreed to acquire utility price comparison site uSwitch for up to £190m. Zoopla, which is 31.8%-owned by the Daily Mail and General Trust (DMGT), said the purchase would create the "ultimate online property resource" with the purchase of uSwitch ow
Read moreFTSE 250 movers: Supergroup soars on RBC upgrade, Lonmin lower after Exane downgrade
27th Apr 2015 13:43
SuperGroup was trading higher as RBC Capital Markets raised its rating on the clothing chain. The broker, which hiked its recommendation to 'outperform' from 'sector perform', also increased its price target to 1,150p on high hopes for the newly appointed management team. Vedanta Resources was boost
Read moreBroker tips: Housing stocks, Reckitt Benckiser, Majestic Wine
10th Apr 2015 11:34
Housebuilders were putting in decent gains on Friday as Jefferies upgraded ratings for stocks across the sector after recent data pointed to a stronger pre-election housing market than anticipated. The broker raised Bellway, Bovis Homes, Countrywide, Crest Nicholson, Redrow, Taylor Wimpey and Zoopla
Read moreHousing stocks jump as Jefferies turns more positive on sector
10th Apr 2015 09:28
Housebuilders were putting in decent gains on Friday as Jefferies upgraded ratings for stocks across the sector, saying that companies have "springs in their steps". The broker raised Bellway, Bovis Homes, Countrywide, Crest Nicholson, Redrow, Taylor Wimpey and Zoopla from 'hold' to 'buy'. Barratt D
Read moreSector Movers: Tobacco, housebuilders and engineering stocks lead London market to new highs
9th Apr 2015 12:59
Tobacco, engineering and housebuilders helped FTSE 100 extend gains above the 7,000 mark on a day when the market shrugged off prevailing political uncertainty about a hung parliament as well as weak industrial output. At 16:18 BST, the FTSE 100 was up 0.87% or 61.35 points to 7076.71 with tobacco b
Read moreLondon open: Stocks rebound after sell-off as markets eye Fed meeting
16th Mar 2015 08:30
UK stocks gained on Monday as investors hunted for bargains following a sharp slide in the value of the FTSE 100 over the last week. Ahead of a busy week for financial markets worldwide, the Footsie was up 0.4% at 6,767.46 early on. The index had lost 2.5% over the past five sessions on the back of
Read moreSunday newspaper round-up: Mark Carney, Carillion-Balfour, Tesco
17th Aug 2014 15:49
The UK economy is more than halfway to full recovery, the Governor of the Bank of England (BoE) told the Sunday Times. Mark Carney, in an interview marking the first anniversary of his forward guidance policy, told the paper economic expansion was proceeding and that momentum was more assured. "Wher
Read moreFriday broker round-up UPDATE
15th Aug 2014 09:47
Admiral Group: Berenberg raises target price from 1090p to 1168p, but still recommends selling. Canaccord Genuity reduces target price from 1400p to 1220p keeping a sell recommendation. Centamin: Numis downgrades from buy to hold with a target price of 70p. Direct Line Group: Berenberg shifts targ
Read moreTuesday broker round-up UPDATE
12th Aug 2014 09:25
African Barrick Gold: Investec ups target price from 212p to 260p upgrading from sell to hold. Al Noor Hospotals: Jefferies cuts target price from 1155p to 1125p and maintains a buy recommendation. Aquarius Platinum: Citi shifts target price from 22p to 26p and keeps a neutral rating. BHP Billito
Read moreWednesday broker round-up UPDATE
6th Aug 2014 10:20
Aggreko: Jefferies raises target price from 1800p to 2000p and keeps a buy recommendation. Investec ups target price from 1650p to 1700p and leaves its hold recommendation unchanged. Avingtrans: FinnCap cuts target price from 170p to 155p downgrading from buy to hold. Aviva: Jefferies initiates wi
Read moreMonday broker round-up UPDATE
4th Aug 2014 10:10
Afren: Canaccord Genuity reinstates with a target price of 120p and a hold recommendation. Bodycote: N+1 Singer cuts target price from 850p to 835p, while staying with its buy recommendation. BT Group: Berenberg moves target price from 460p to 475p and maintains a buy recommendation. Espirito Sant
Read moreFriday broker round-up UPDATE
1st Aug 2014 10:33
AstraZeneca: Deutsche Bank ups target price from 3950p to 4000p staying with its hold recommendation. Avacta: Numis places both its target price and its buy recommendation under review. Barclays: Berenberg upgrades from sell to hold with a target price of 220p. Bodycote: UBS shifts target price f
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