Tuesday broker round-up UPDATE
11th Dec 2012 07:18
Andor Technology: WH Ireland raises target price from 480p to 500p, while maintaining a buy rating. Anglo American: Nomura cuts target price from 2000p to 1800p keeping a neutral rating. Antofagasta: Nomura reduces target price from 1450p to 1400p and downgrades from buy to neutral. Ashtead Group
Read moreDeparting Xstrata CFO sells hefty chunk of shares post-exercise
6th Dec 2012 16:23
Trevor Reid, the soon-to-depart Chief Financial Officer of mining group Xstrata, has traded in 1.44m shares after deciding not to take up the equivalent of his current position at the enlarged company following the merger with Glencore International. Reid, who sold the shares post-exercise, dispos
Read moreLondon midday: Tesco and miners gain ahead of UK budget
5th Dec 2012 11:40
The FTSE 100 had come off its earlier highs but was still trading in positive territory by Wednesday lunchtime, as markets await the Autumn Statement from Chancellor of the Exchequer George Osborne. He is set to say: "In this Autumn Statement, we show that this coalition government is confronting t
Read moreLondon open: Stocks rise ahead of Osborne's Autumn Statement
5th Dec 2012 08:29
Equity markets rose on Wednesday morning after strong gains for Asian markets overnight with the focus in the UK turning to George Osborne ahead of his budget statement. "In a week dominated by Europe and the on-going to-ing and fro-ing in the US with respect to the fiscal cliff, markets will be tu
Read moreBrewin Dolphin builds funds under management
5th Dec 2012 07:43
Wealth management firm Brewin Dolphin reported growth in funds under management after equity markets remained 'surprisingly resilient'. Funds under management at the year end were £25.9bn, up by 7.9% from the year before. The most significant rise was the 16.7% growth of our discretionary funds t
Read moreWednesday broker round-up UPDATE
5th Dec 2012 07:19
Anglo American: Morgan Stanley reduces target price from 2110p to 1802p and keeps an equal weight rating. Brewin Dolphin Holdings: Peel Hunt raises target price from 185p to 230p and maintains a buy rating. British Sky Broadcasting Group: Nomura raises target price from 950p to 975p and reiterates
Read moreMonday broker round-up
5th Nov 2012 08:19
Aggreko: Goldman Sachs cuts target from 3,692p to 3,460p, conviction buy rating kept. Asian Citrus: Seymour Pierce keeps buy rating and 50p target; BG Group: Nomura keeps buy rating and 1,600p target. BP: HSBC cuts target from 550p to 530p, overweight rating kept. Brewin Dophin: RBC Capital Mark
Read moreBrewin Dolphin hit by falling trade volumes but income rises
30th Jul 2012 07:38
Investment manager Brewin Dolphin is seeing a decline non-recurring income as it moves to a 'transparent' fee based charging system. Total income for the three months to the end of June was £66.8m, up 4.4% on the same period of 2011, but so called "non-recurring" income fell back 17.9% to just £20.
Read moreBrewin Dolphin names new abacus slider
30th May 2012 07:58
Scottish stockbroker Brewin Dolphin has announced that former Evolution Group man Andrew Westenberger will be its Finance Director when current incumbent Robin Bayford steps down at the end of the year. From 2009 until August 2011 Westenberger was Group Finance Director of investment house Evolutio
Read moreWednesday tips round-up: Brewin Dolphin, Pennon, Scapa
30th May 2012 06:56
The investment manager Brewin Dolphin gets a big push from Questor in the Telegraph. It's fallen 13.5 per cent in the past year but the dividend yield is north of five per cent and funds under management are also growing (up 7.1 per cent at the last count). With a strategy review underway the stock
Read moreTuesday broker round-up - UPDATE
29th May 2012 09:06
Brewin Dolphin: Peel Hunt maintains buy rating and 185p target. BTG: finnCap raises target from 326p to 331p, hold rating maintained. Euromoney Institutional Investor: Peel Hunt upgrades from hold to buy, target left at 800p. Greggs: Canaccord Genuity upgrades from hold to buy, target left at 520
Read moreBrewin Dolphin boosted by discretionary funds
29th May 2012 07:24
Wealth manager Brewin Dolphin saw total funds under management tick back above 25 billion pounds driven by a lift in discretionary funds. Total managed funds reached £25.7bn at the end of March, compared with £24bn in September 2011 and £25bn a year before. The 7.1% rise in total funds was driven
Read moreExperian Chairman sells shares and donates proceeds to charity
29th Mar 2012 15:38
Sir John Peace, the Chairman of Experian, the FTSE 100 information services firm, sold 12,633 shares in the firm and gave the proceeds to charity. Peace sold the shares at 990p each for a total of £125,067. "In addition, Sir John made an off-market gift of 5,015 Shares to charity for nil considera
Read moreThursday tips round-up: United Utilities, Petra Diamonds
2nd Feb 2012 06:54
The Tempus column in the Times has its mind on United Utilities, the north England-focused water company. This is a highly regulated stock which is all about yield. The current promise is for yield to grow each year at inflation plus 2%. In 2012 the full year yield is going to come in at 5.3% althou
Read moreSector movers: ICAP, Brewing Dolphin lift financial services
1st Feb 2012 15:32
The financial services sector was given a lift today by well-received statements from inter-dealer broker ICAP and stockbroker and wealth manager Brewin Dolphin. FTSE 100 firm ICAP was 7% higher in afternoon trading after saying that profits for the current fiscal year are expected to be towards th
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