Broker snap: Panmure ups numbers for Galliford Try after first-half beat
22nd Feb 2012 11:23
Housebuilding and construction firm Galliford Try surged higher this morning on the back of its interim results, with the rise being helped by Panmure Gordon, which upped its price target for the firm from 581p to 590p. The company reported that pre-tax profit rose to £32.2m for the half year ended
Read moreWednesday broker round-up - UPDATE
22nd Feb 2012 09:32
Vodafone: Credit Suisse cuts target from 175p to 170p, outperform rating kept. Vedanta Resources: Credit Suisse maintains neutral rating and 1,400p target. AMEC: UBS raises target from 1,225p to 1,325p, buy rating unchanged; Nomura raises target from 1,130p to 1,240p, buy rating unchanged. HSBC:
Read moreLondon open: Footsie slips as ex-div stocks provide a drag
22nd Feb 2012 08:35
- Shell makes near-£1bn bid for Cove Energy. - Markets digest Greek bailout, China data. - Ex-div stocks provide a drag. The FTSE 100 slipped slightly into the red in the opening hour on Wednesday as investors continue to digest the Greek bailout approved on Monday night. Meanwhile, Chinese manufac
Read moreGalliford Try doubles divi as profits soar
22nd Feb 2012 07:20
Housebuilding and construction firm Galliford Try doubled its interim dividend and delivered strong profit growth. Pre-tax profit rose to £32.2m for the half year ended 31 December 2011 from £17m the same time a year earlier. Group revenue climbed to £746.8m from £575.9m previously. Galliford
Read moreWednesday preview: Hays, Millennium and Copthorne, house builders, BoE minutes
21st Feb 2012 17:08
Recruitment firm Hays could slice the dividend when it announces interim figures on Wednesday. Charles Stanley reckons the interim divi will be rebased - City code for "reduced" - to a penny from 1.85p last year. "Unfortunately, for shareholders, the dividend is probably no longer affordable and
Read moreACS/Galliford Try consortium in running for bridge contract
20th Feb 2012 11:49
Spanish construction company ACS was selected as a finalist for the construction and operation of a bridge in the United Kingdom. The deal is valued at €840m. In alliance with German subsidiary Hochtief and the Galliford Try group, ACS competes against another consortium consisting of the Spanis
Read moreFriday broker round-up -UPDATE
17th Feb 2012 09:09
Ashmore: HSBC downgrades to underperform from neutral. Schroders: Citi downgrades to sell from neutral. Barclays: AlphaValue downgrades to reduce from add and lowers target to 243.9p from 283.4p. Tesco: Nomura reduces target from 500p to 430p, buy rating unchanged. InterContinental Hotels: UBS
Read moreFTSE 250 movers: African Barrick Gold shines
27th Jan 2012 15:18
Gold miner African Barrick Gold led the risers on the second-tier index after hiking its previous resource estimate fourfold for the Tusker deposit at the Nyanzaga Project in Tanzania. Shares of Internet and catalogue home shopping specialist N. Brown were also wanted after UBS upgraded its rating
Read moreLondon pre-open: Stocks to start the week higher
23rd Jan 2012 07:22
City sources predict the FTSE 100 will open up 10 points from Friday's close of 5,728, following on from the US where stocks ended last week at the day's high on optimism of a possible Greek agreement. Oilfield support services provider Hunting said results for 2011 are set to be above market expe
Read moreGalliford Try wins £40m of infrastructure projects
23rd Jan 2012 07:02
Housebuilding and construction firm Galliford Try has been awarded three infrastructure projects worth a total of £40m, the firm said on Monday. Its Scottish construction division Morrison Construction, has secured a £17m contract with Scottish Water through a joint venture for the second phase of
Read moreThursday tips round-up: Galliford Try and Sainsbury
12th Jan 2012 06:51
House builder Galliford Try has gained a whopping 52% in the last 12 months, catching the eye of Tempus in The Times. The impressive price performance has come, says Tempus, on the back of a gamble on land prices in 2009 when the company raised £120m to go on a buying spree, mainly in the south and
Read moreWednesday broker round-up - UPDATE
11th Jan 2012 08:56
Unilever: Bank of America Merrill Lynch downgrades to underweight from neutral. Aggreko: Credit Suisse downgrades to neutral from outperform. Capita: Citi upgrades to buy from neutral. Reckitt Benckiser: Morgan Stanley upgrades to overweight from neutral. Rentokil: RBC upgrades to top-pick fr
Read moreGalliford Try enjoys southern comfort
11th Jan 2012 07:45
Construction firm Galliford Try had a strong second half to 2011, and is on track to meet expectations for the financial year. During the period Galliford saw a 59% increase in the number of total house build completions to a record 1,352. With its joint venture partners' share of completions stri
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 moreBroker tips: Galliford, Ericcson, Vestas
4th Jan 2012 13:39
Analysts at Nomura are this morning commenting on the 'read across' for communication equipment providers from Acme Packet´s profit warning yesterday. They comment that their top picks in their coverage universe are Ericsson and Cisco. Regarding Cisco, they believe that it is heading toward a pe
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