Friday broker round-up UPDATE
4th Oct 2013 09:32
Aberdeen Asset Management: JP Morgan lowers target price from 523p to 509p maintaining an overweight rating. Admiral Group: Canaccord Genuity cuts target price from 1200p to 1160p retaining its sell recommendation. API Group: Numis downgrades to add with a target price of 85p. Arbuthnot Banking G
Read moreSector movers: Housebuilders boosted by 'Help to Buy', economic data
30th Sep 2013 14:28
An improving outlook for the UK housing market gave stocks in the home construction sector a bit of a boost on Monday, one of the few categories immune to the wider market sell-off. Stocks were lifted by the weekend's news that the second phase of the government's housing stimulus scheme, 'Help to
Read moreBroker tips: UK banks, Housebuilders, Countrywide
30th Sep 2013 12:00
Bank of America Merrill Lynch (BAML) said that the top-line recovery across the European banking sector should be the most striking in the UK, helped by the ongoing improvement in the macro-economic picture. "Helping explain the preference for the UK banks is the economy recovery underway currently
Read moreLondon midday: Miners drag FTSE 100 to one-month low
30th Sep 2013 11:42
Concerns over a potential government shutdown in the US, political chaos in Italy and disappointing economic figures from China sparked steep falls on equity markets across Europe on Monday morning, with the FTSE 100 slipping to levels not seen in a month. The FTSE 100 was trading around 0.85% lowe
Read moreBroker snap: JPMorgan upgrades Persimmon and Barratt Developments
30th Sep 2013 11:27
Housebuilding peers Persimmon and Barratt Developments were making gains on Monday morning after JPMorgan Cazenove upgraded its ratings for both stocks to 'overweight'. The wider sector was given a lift after the government announced this weekend that it will launch the second phase of the 'Help to
Read moreLondon open: US and Italian politics weigh on risk appetite
30th Sep 2013 08:44
Political uncertainty in the US and Italy along with disappointing economic figures from China weighed heavily on risk appetite on Monday morning with mining stocks bearing the brunt of the selling. The FTSE 100 opened around 0.8% lower at 6,458.29 in early trading; the last time it closed lower wa
Read moreMonday broker round-up UPDATE
30th Sep 2013 08:23
African Minerals: Canaccord Genuity raises target price from 330p to 370p and keeps a buy recommendation. Avon Rubber: WH Ireland ups target price from 530p to 590p keeping a buy recommendation. WH Ireland takes target price from 530p to 590p and reiterates a buy recommendation. Barratt Developmen
Read moreLondon close: Stocks sink to three-week low on policy uncertainty
27th Sep 2013 16:32
A cautious start turned into a market-wide sell-off by the close of trade on Friday as nervous investors booked profits ahead of the weekend. The UK's benchmark FTSE 100 index finished 52.93 points lower at 6,512.66, its worst closing level in three weeks. The last time it closed lower was on Septe
Read moreWednesday broker round-up UPDATE
18th Sep 2013 08:28
African Minerals: Canaccord Genuity reduces target price from 410p to 330p, while its buy recommendation remains unaltered. Amlin: Goldman Sachs moves target price from 405p to 420p and reiterates a neutral rating. Andor Technology: Investec takes target price from 360p to 410p leaving its buy rec
Read moreSector movers: Housebuilders gain on construction data
13th Sep 2013 14:51
The household goods and home construction sector was the best-performing category on Friday, extending its impressive surge over the last year. Investors seemed to be shrugging off heightened fears of a 'bubble' in the UK housing market and instead are focusing on a continuing improvement in econom
Read moreFriday broker round-up UPDATE
13th Sep 2013 08:26
ASOS: Panmure Gordon raises target price from 4555p to 5950p maintaining a buy recommendation. AstraZeneca: Jefferies reduces target price from 3200p to 2850p and retains a hold recommendation. Barclays: Jefferies initiates with a target price of 367p and a buy recommendation. Barratt Development
Read moreThursday broker round-up UPDATE
12th Sep 2013 09:01
African Minerals: Deutsche Bank cuts target price from 550p to 450p and retains a buy recommendation. Citi lowers target price from 380p to 320p keeping a buy recommendation. Aggreko: Deutsche Bank reduces target price from 2100p to 1870p, while staying with its buy recommendation. ARM Holdings: G
Read moreFTSE 250 movers: African Barrick Gold hit by resignation of COO
11th Sep 2013 13:55
African Barrick Gold was a heavy faller today after Chief Operating Officer (COO) Marco Zolezzi resigned with immediate effect. Zolezzi, who has been COO since September 2010, is leaving to pursue other interests. Gold mining peer Polymetal was also lower as gold prices fluctuated at a three-week
Read moreWednesday broker round-up UPDATE
11th Sep 2013 08:14
Advanced Medical Solutions: Panmure Gordon moves target price from 90p to 102p and reiterates a buy recommendation. Amara Mining: Numis shifts target price from 40p to 45p retaining its buy recommendation. Anite: Numis cuts target price from 155p to 128p and downgrades to hold. Ashmore Group: Ban
Read moreBarratt Developments says new financial year off to a strong start
11th Sep 2013 07:03
House-builder Barratt Developments delivered a strong set of annual results, as the housing market recovery starts to spread beyond London, and said the new financial year has started on a strong footing. Profit before tax and exceptional items increased to £192.3m for the year ended June 30th from
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