Wednesday broker round-up
5th Sep 2012 09:20
AMEC: Nomura retains buy rating and 1,240p target. Ashtead: UBS ups target from 340p to 375p, buy rating unchanged. ASOS: Oriel Securities upgrades to buy; BarCap upgrades to overweight, target lifted rom 1,800p to 2,400p. BP: Investec keeps buy rating and 460p target. BT Group: JPMorgan Cazenov
Read moreWednesday broker round-up
18th Jul 2012 09:21
Ashmore: Goldman Sachs upgrades to buy. Ashtead: Jefferies reiterates buy rating and 320p target. Booker: Investec maintains buy rating and 98p target. British Land: BarCap downgrades to equal weight. Capital Shopping Centres: BarCap upgrades to overweight. Chariot Oil & Gas: Merchant Securitie
Read moreTuesday broker round-up - UPDATE
10th Jul 2012 08:18
WPP: JP Morgan upgrades to outperform from neutral. AMEC: BarCap raises target from 1,340p to 1,350p, underweight rating kept. ASOS: Peel Hunt keeps buy rating and 1,800p target. AstraZeneca: BarCap keeps equal weight rating. Betfair: Nomura cuts target from 1,070p to 946p, buy rating unchanged.
Read moreLondon close: US jobs data sinks stocks
6th Jul 2012 16:41
- US non-farm payrolls disappoint - Miners drag the Footsie lower - IMF to cut global GDP forecast After treading water for the morning session, the Footsie dropped in afternoon trade after a disappointing employment report from the US dampened the outlook for the global economy. The US Labor Depa
Read moreBroker tips: AstraZeneca, AB Foods, Dunelm
6th Jul 2012 11:31
Jefferies has downgraded its recommendation for pharmaceuticals giant AstraZeneca from 'buy' to hold' after the recent strong performance in the shares. "The shares have traded as low as 2,578p during the last few months as weak markets and irrational fears over potential large-scale M&A that could
Read moreBroker snap: Cash return looking likely at Dunelm
6th Jul 2012 11:11
Nomura has hiked its target price for homewares retailer Dunlem from 530p to 580p and reiterated its 'buy' call on the stock following Thursday's solid fourth-quarter trading update. Like-for-like (LFL) sales in the final three months of the group's financial year increased by by 10.4% with wet wea
Read moreFriday broker round-up
6th Jul 2012 09:35
Aviva: SocGen upgrades to hold from sell. Aberdeen: UBS cuts target from 310p to 300p, buy rating unchanged. Associated British Foods: Nomura raises target from 1,375p to 1,400p, buy recommendation unchanged. AstraZeneca: Jefferies downgrades from buy to hold, target left at 2,975p. AVEVA: Beren
Read moreLondon close: Stocks edge higher as markets digest central bank action
5th Jul 2012 16:38
- BoE ups QE; ECB and PBoC cut rates - Concerns over Chinese growth dampen sentiment - GKN rockets after acquisition, trading update, placing After a subdued morning, markets were choppy in afternoon trade on Thursday as investors took in major policy decisions by central banks in the UK, Europe an
Read moreFTSE 250 movers: Dunelm higher after revenue increase
5th Jul 2012 14:11
Homewares retailer Dunelm advanced after saying that total revenue increased 21.2 per cent in the fourth quarter of the group's fiscal year, boosted by the unusually wet weather. However, the group cautioned that it expects consumer spending to remain under pressure. Recruitment groups Hays and Mi
Read moreLondon midday: Stocks edge higher as BoE ups QE
5th Jul 2012 11:35
- BoE increases QE, maintains Bank Rate - ECB expected to cut refi rate to 0.75 per cent - GKN jumps higher after 633m-pound Volvo Aero purchase The Footsie was registering moderate gains in morning trade on Thursday as investors hoped that the Bank of England would inject more stimulus into the su
Read moreLondon open: Markets cautious ahead central bank decisions
5th Jul 2012 08:35
- BoE expected to increase QE - ECB predicted to slash rates - GKN rockets after Volvo Aero acquisition The FTSE 100 was flat in early trading on Thursday with markets cautious ahead of policy decisions in both the UK and Europe due after midday. The Bank of England's (BoE's) Monetary Policy Commi
Read moreDunelm set to beat full year forecasts
5th Jul 2012 07:19
Homewares retailer Dunelm said total revenue increased 21.2 per cent in the fourth quarter of the group's fiscal year, boosted by the unusually wet weather but cautioned that it expects consumer spending to remain under pressure. Like-for-like sales grew 10.4% in the final quarter compared to 1.9%
Read moreThursday preview: All eyes on the Old Lady of Threadneedle Street
4th Jul 2012 18:11
The Bank of England's Monetary Policy Committee (MPC) will be revealing its policy decision at midday on Thursday with the majority of economists expecting the Bank of England (BoE) to ramp up its asset purchase programme, or quantitative easing (QE). Analysts at Investec are predicting that the MP
Read moreBroker tips: Petropavlovsk, Ladbrokes, Retailers
6th Jun 2012 11:14
UBS has upgraded its rating for Russia-focused gold group Petropavlovsk from neutral to buy on the back of the recent share-price underperformance and weakness in the rouble. However, UBS has cut its target price from 650p to 630p after lowering its 2012 earnings per share (EPS) forecast by 22% to
Read moreBroker snap: Forecasts for retailers have 'moved from the nadir'
6th Jun 2012 11:04
Peel Hunt has named its top picks and top risks as part of its review of the general retail sector, saying that while the category has enjoyed a strong start to 2012, the recovery is likely to be a long haul. "Outperformance across the retail sector continues to be earnings- driven and stock-specif
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