Broker tips: Smith & Nephew, Centamin, Balfour Beatty, UK motor insurers
15th Aug 2014 12:14
Shares in Smith & Nephew were under pressure on Friday after analysts at Morgan Stanley downgraded the medical devices maker from 'overweight' to 'equal weight' following a recent strong run in the stock. The bank said that even if US peer Stryker returns with a bid in November, the deal "remains
Read moreNumis cuts Centamin to 'hold' on "challenging" output guidance
15th Aug 2014 12:11
Numis Securities has cut its recommendation for Centamin from 'buy' to 'hold', saying that it will be challenging for the Egypt-focused gold miner to hit its full-year output target. Second-quarter earnings per share dropped by 79% year-on-year to just 0.99 cents, the company said this week, well b
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 moreLondon close: Stocks slightly higher as geopolitical risk decreases
14th Aug 2014 17:22
- Putin says seeks to de-escalate tensions with Ukraine - Finnish Prime Minister says EU not preparing further sanctions against Russia - France tosses out 2014 deficit reduction target techMARK 2,749.57 +0.40% FTSE 100 6,685.26 +0.43% FTSE 250 15,675.56 +0.95% Stocks ended the session slightly hi
Read moreFTSE 250 movers: Carillion piles pressure on Balfour Beatty for merger
14th Aug 2014 17:04
Carillion led gains. On Thursday the company piled pressure on rival Balfour Beatty to resume merger talks by revealing that it had held meetings with several of Balfour's major shareholders. The construction group said it had told the investors that the merger could save at least £175m a year by th
Read moreCentamin's first half results were poor as expected, says Shore Capital
14th Aug 2014 13:01
Shore Capital said on Thursday Centamin's first half interim results were "poor as expected". Revenues fell to $205.4m in the first half from $272.4m a year earlier. Net profit came to $31.9m, against $148.5m last year. Shore Capital expected revenues of $208m and net profit of $41.6m. However,
Read moreThursday broker round-up UPDATE
14th Aug 2014 09:39
Admiral Group: Deutsche Bank reduces target price from 1330p to 1260p and maintains a hold recommendation. Balfour Beatty: Deutsche Bank lowers target price from 250p to 245p keeping its hold recommendation. Betfair: Jefferies raises target price from 1175p to 1230p maintaining a buy recommendatio
Read moreLondon pre-open: UK stocks to fall after weak GDP readings in France, Germany
14th Aug 2014 07:53
UK stocks are expected to open in negative territory on Thursday after some disappointing growth data from the Eurozone. City sources predict the FTSE 100 will open around eight points lower than Wednesday's close of 6,656.68. Michael Hewson, chief market analyst at CMC Markets UK, pointed out th
Read moreCentamin unveils maiden dividend, expects strong second half
14th Aug 2014 07:35
- Maiden interim dividend of 0.87 cents declared - Gold production up q/q but down y/y - Earnings fall sharply Egyptian gold miner Centamin has unveiled a maiden interim dividend of 0.87 cents a share despite reporting a dip in profits in the second quarter as the cost of production rose. The comp
Read moreSector movers: Mining stocks lead rebound as risk appetite returns
11th Aug 2014 14:59
Mining stocks were making gains in London on Monday as risk appetite returned after UK equities fell to a four-month low last week. Cyclical sectors such as mining and basic resources had experienced choppy trading in recent weeks as investors sought relatively 'safer' assets which are not as sensi
Read moreThursday broker round-up UPDATE
31st Jul 2014 09:30
Afren: Oriel places both target price and recommendation under review. Canaccord Genuity places both its target price (prev.: 150p) and its hold recommendation under review. Investec places its target price (prev.: 195p) under review and downgrades from buy to hold. Arbuthnot: Numis ups target pric
Read moreFTSE 250 movers: Renishaw surges as investors celebrate strong finish to year
23rd Jul 2014 14:37
Renishaw's market value increased by almost a fifth on Wednesday as the engineering company delivered an all-time high annual revenue of £355.5m in the year to June 30th after a record fourth quarter. Numis upgraded the stock from 'hold' to 'add' today, helping the stock rise 19% by the afternoon.
Read moreFTSE 250 movers: Mining stocks weaken, Hays extends losses
11th Jul 2014 15:26
Mining stocks were dominating the fallers list on the FTSE 250 on Friday as risk appetite weakened ahead of the weekend. Kazakhmys, Centamin, Polymetal and African Barrick Gold were all suffering heavy losses by the afternoon. UK recruitment company Hays was extending losses made yesterday after it
Read moreCentamin sticks with guidance ahead of H2 ramp-up
9th Jul 2014 08:09
Centamin has held on to its full-year production guidance for its flagship Sukari gold mine in Egypt, saying that levels should ramp up in the second half. Total gold output in the second quarter ended June 30th was 81,281 ounces, up 9% on the first quarter but 13% lower than the same period in 201
Read moreFTSE 250 movers: Restaurant group rises on broker rating
20th Jun 2014 14:33
Restaurant Group was lifted by an upgrade in its rating from Westhouse Securities, which now recommends buying the stock. African Barrick Gold and Centamin were rising strongly after gold prices hit a two-month high yesterday. Engineering group James Fisher was higher on the news it has bought mo
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