Thursday broker round-up
16th Feb 2012 09:36
Anglo American: AlphaValue upgrades to buy from add and raises its price target to 3,331.4p from 3,340.2p; Nomura resumes coverage with neutral rating and 3,300p target. Kingfisher: Panmure Gordon maintains buy rating and 350p target. Reed Elsevier: Peel Hunt keeps hold rating and 556p target; Pan
Read moreThursday broker round-up - UPDATE
9th Feb 2012 09:16
Homeserve: Credit Suisse raises target price to 275p from 250p, stays at neutral. Reckitt Benckiser: Credit Suisse reiterates outperform. BHP Billiton: Credit Suisse retains outperform. Tate & Lyle: Panmure Gordon raises target from 645p to 690p, hold rating kept; JP Morgan reiterates underweigh
Read moreFTSE 250 movers: Less than super January for SuperGroup
8th Feb 2012 14:57
Stock markets rarely have mercy on a growth stock that trips up and so it proved with SuperGroup, owner of the Superdry brand, which issued a profit warning on Wednesday. The shares plunged after the group said profit for the year will be towards the lower end of market expectations as it experien
Read moreWednesday broker round-up - UPDATE
8th Feb 2012 09:22
Reckitt Benckiser: Nomura maintains buy rating and 3,900p target. BP: UBS ups target from 500p to 525p, buy recommendation unchanged; Nomura keeps neutral rating and 500p target. Xstrata: UBS lifts target from 1,450p to 1,500p, buy rating kept. BSkyB: AlphaValue upgrades from reduce to add, targe
Read moreLondon open: Stocks rise with Greece in focus
8th Feb 2012 08:42
- Greek leaders scheduled to discuss draft deal. - Reckitt rises strongly after beating full-year targets. - Miners, financials provide a lift. Stocks opened higher on Wednesday following two days in the red, with banks and resource stocks providing a lift. Worth noting, the FTSE All-World equity i
Read moreDunelm half year profit up 7.8 per cent
8th Feb 2012 07:46
Specialist homewares retailer Dunelm has reported a 7.8% rise in pre-tax profit for the half year ended December 31st. As expected, profits for the year came in at £52.2m, compared to £48.4m the same period the previous year, on revenues of £299.9m, up 8.8% compared to the year before (2010: £275.
Read moreWednesday preview: BHP Billiton, Reckitt, Dunelm ...
7th Feb 2012 15:56
The market will be distracted on Wednesday from the teething pains of the creation of a new mining giant (Glencore Xstrata International) by the results from a mining conglomerate created in a merger from a different era, BHP Billiton. The broking community thinks the figures covering the second ha
Read moreMonday broker round-up - UPDATE
6th Feb 2012 09:12
Supergroup: Oriel Securities upgrades to buy from hold. Glencore: Jefferies ups target from 525p to 575p, confirms buy rating; Credit Suisse maintains outperform rating and 550p target. Royal Dutch Shell: Credit Suisse downgrades from outperform to neutral, cuts target from 2,750p to 2,600p. Xst
Read moreThursday broker round-up - UPDATE
26th Jan 2012 09:34
Misys: Panmure Gordon cuts target from 335p to 295p, hold rating unchanged; Peel Hunt puts 250p target under review, hold rating kept; Merchant Securities initiates coverage with sell rating and 220p target. Mitchells & Butlers: Panmure Gordon keeps hold and 240p target; Peel Hunt retains hold rati
Read moreTuesday broker round-up - UPDATE
10th Jan 2012 09:15
Cairn Energy: Oriel upgrades to add from hold. Tesco: Bank of America Merrill Lynch downgrades to neutral from buy. Marks & Spencer: Panmure Gordon reiterates hold and 307p target; Peel Hunt maintains hold and 350p target. Barclays: UBS cuts target from 215p to 199p, neutral rating unchanged. R
Read moreDunelm half year revenue up 8.8%
10th Jan 2012 07:41
Out-of-town homewares retailer Dunelm saw like-for-like (LFL) sales for the half year ended 31 December grow by 1.1%, contributing to an 8.8% rise in total revenue for the period. The group anticipates that pre-tax profit for the half year will be up from £48.5m to £52m on a LFL basis, but said fi
Read moreLondon close: Footsie finishes flat on euro concerns
6th Dec 2011 16:53
The Footsie finished flat on Tuesday, as some worrying comments on the Eurozone by ratings agency Standard & Poor's continued to weigh on sentiment. The index traded within a narrow range of just 51 points today, with investors likely to stay cautious ahead of a pivotal EU summit scheduled at the e
Read moreSector movers: Retailers sold off after gloomy data
6th Dec 2011 16:15
Retailers were the worst performers of the day on Tuesday, falling an average 2.4% after some gloomy comments from the British Retail Consortium (BRC). Consumers are keeping "a tight rein on their spending, despite Christmas being so near", the BRC said today. Total sales were up 0.7%, against a 2
Read moreFTSE 250 Movers: Electra soars on NAV rise
6th Dec 2011 14:23
Electra Private Equity, the investment trust that invests in private equity ventures, was the biggest riser after it saw an 8.5% rise in net asset value (NAV) per share after a strong portfolio performance during the year ended 30 September. Vehicle hire firm Northgate was also on the rise after it
Read moreSalamander chief executive buys into weakness
14th Oct 2011 17:36
Salamander Energy founder and chief executive James Menzies has spent £41,000 on shares in the south-east Asia-focused oil and gas group. He bought 20,000 shares at 205p a pop. Menzies may have been tempted by the fall in Salamander's share price since he last opened his wallet, buying the same nu
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