London midday: Man down as CS cuts target price
6th Jan 2012 12:40
After a quiet start, London's leading shares have kicked on a bit, ahead of the release this afternoon of US jobs data for December. The market is expecting US non-farm payrolls to have increased by 150,000 in December, an improvement on November's 120,000 increase. The unemployment rate is tipped
Read moreBroker tips: Rockhopper, Vodafone, Jupiter Fund Management
6th Jan 2012 11:17
Analysts at Credit Suisse have this morning initiated coverage on Falklands focused oil exploration group Rockhopper at 'outperform'. Their valuation model for the company gives a 'risked' net asset value for the firm´s shares, under a successful 'farm out' agreement for its Sea Lion oil field, of
Read moreBroker snap: Credit Suisse cuts Ashmore, F&C and Jupiter
6th Jan 2012 09:56
Analysts at Credit Suisse have this morning decided to downgrade several of the UK´s fund managers as part of a wider reassessment of European asset managers. While they admit that equity market performance recovered strongly globally during quarter four they also, "expect investors to remain caut
Read moreUPDATE: Friday broker round-up
14th Oct 2011 08:59
Renishaw: finnCap downgrades from buy to hold, cuts target from 1,775p to 940p. Renishaw: UBS slashes target from 1,350p to 900p, neutral recommendation maintained. Renishaw: Singer Capital Markets slashes target from 1,350p to 900p, fair value rating kept. Royal Bank of Scotland: Evolution Secur
Read moreFTSE 100 movers: Rolls-Royce tops the chart
13th Oct 2011 12:36
Global power systems firm Rolls-Royce was the high riser on Thursday after it revealed two major initiatives which are expected to significantly raise its operating profits in the future. Following close behind was Hargreaves Lansdown, after the wealth management stockbroking firm said first-quart
Read moreLondon midday: Renishaw and M&B in late morning dive
13th Oct 2011 12:08
Stocks have moved further into the red with a couple of announcements that came after the early morning rush sending stocks lower. Shares of precision tool maker Renishaw took a dive after the firm admitted that revenue growth in the three months ended 30September was lower than planned and Mitchel
Read moreLondon open: Stocks ease but Rolls-Royce takes off
13th Oct 2011 08:42
Stocks have edged back in early dealings, giving back yesterday's gains in a continuation of the volatility stoked by uncertainty over the Eurozone situation. ASIAN CONTAGION Slovakia is expected to approve its participation in an enhanced bail-out package for stricken fellow Eurozone countries, d
Read moreAshmore Group suffers amid market volatility
13th Oct 2011 08:36
Ashmore Group the asset management firm, says total assets under management (AuM) decreased 10.5% to $58.9 billion in the third quarter of 2011. The firm said a $7.1bn decline in AuM was largely due to "adverse investment performance" that was only partially offset by net inflows to the group of $0
Read moreUPDATE: Tuesday broker round-up
4th Oct 2011 08:25
BHP Billiton: Citi reiterates buy and keeps target at 2,405p. BHP Billiton: Credit Suisse upgrades to outperform from neutral; cuts target to 2,800p from 3,160p. Anglo American: Credit Suisse downgrades to neutral from overperform. Lonmin: Credit Suisse downgrades to underweight from neutral. S
Read moreSafestore chief executive locks up some cash
28th Sep 2011 15:32
Safestore's chief executive Peter Gowers has made his first deposit since joining the self storage company in February, spending more than £100,000. He took 100,000 shares at 105p a time. Gowers is a former chief executive of Holiday Inn owner InterContinental Hotels Group's Asia Pacific division
Read moreBroker tips: Fund managers, asset managers, Lifeline Scientific
26th Sep 2011 14:33
RBS has upgraded its rating on Ashmore to "buy" from "hold" following heavy falls in the fund manager's share price lately. "We see the recent share price pullback as an excellent opportunity to gain exposure to this high quality business," RBS says. It points to Ashmore's "strong funds flow outlo
Read moreUPDATE: Broker tips roundup
26th Sep 2011 10:51
Ashmore: RBS has upgraded to 'buy' from 'hold'. Has lowered price target to £4.04 from £4.15. Jupiter Fund Management: RBS has downgraded to 'sell' from 'hold'. Schroders: RBS downgrades to 'hold' from 'buy', lowers target price to £12.5 from £19.7. Easy Jet: Nomura keep at buy with target uncha
Read moreLondon close: Good gains as FTSE 100 rallies
13th Sep 2011 16:58
Stocks rediscovered their earlier buoyancy to finish with strong gains as hopes of a resolution of the euro crisis attracted buyers. Today's big mover, Cairn Energy, fell sharply after reporting disappointing results from its drilling campaign offshore Greenland, with one well coming up dry and ano
Read moreFTSE 250 Movers: M&B rises after takeover rejection
13th Sep 2011 13:39
Mitchells and Butlers (M&B), the restaurant and pub company behind the Harvester and O'Neill's chains, has rejected a takeover offer from its largest shareholder, the billionaire Joe Lewis. Evolution Securities believes that Lewis's 230p-a-share offer for M&B is priced at a "measly" premium and re
Read moreLondon midday: Eurozone worries resurface
13th Sep 2011 12:07
This morning's bright start seems a distant memory now, with shares firmly in the red as worries over the Eurozone situation take centre stage again. Today's big mover, Cairn Energy is sharply lower after reporting disappointing results from its offshore drilling campaign offshore Greenland, with o
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