Friday broker round-up UPDATE
13th Sep 2013 08:26
ASOS: Panmure Gordon raises target price from 4555p to 5950p maintaining a buy recommendation. AstraZeneca: Jefferies reduces target price from 3200p to 2850p and retains a hold recommendation. Barclays: Jefferies initiates with a target price of 367p and a buy recommendation. Barratt Development
Read moreLondon pre-open: Subdued start expected as markets turn cautious ahead of Fed
13th Sep 2013 07:30
UK stocks are expected to open slightly lower on Friday morning as markets continue to pause ahead of the Federal Reserve policy meeting next week. City sources predict the FTSE 100 will open down six points from yesterday's close of 5,586.08. The index has risen to its highest levels in a month bu
Read moreWetherspoon reports record year, but shares fall on outlook
13th Sep 2013 07:16
Annual profits at pub group JD Wetherspoon came in slightly ahead of forecasts as the company reported record numbers across the board, though the dividend was kept the same as last year. Shares however fell into the red on Friday morning after the firm warned of a slowdown in sales growth since t
Read moreFriday preview: US retail sales, confidence figures
12th Sep 2013 14:52
US retail sales and confidence figures will hog the spotlight on Friday as the Federal Reserve turns to economic indicators to weigh a stimulus cut. Retail sales in the world's largest economy in August rose 0.4% compared to July when it climbed by 0.2%, a report is expected to show. The Universi
Read moreLondon close: Markets shrug off German downgrade rumours to finish higher
24th Jul 2013 16:56
Unconfirmed rumours of a downgrade to Germany's sovereign debt rating rattled markets on Wednesday afternoon, but stocks recovered to register moderate gains by the close of trade. The FTSE 100 finished the session up 23 points at 6,620. Senior Market Analyst Michael Hewson from CMC Markets said:
Read moreFTSE 250 movers: Investors toast strong finish from JD Wetherspoon
24th Jul 2013 14:30
JD Wetherspoon impressed the market on Wednesday with shares surging after the pubs group said that trading in the fourth quarter was better than expected. The company said that it is now on track to achieve a 'slightly better outcome (before any exceptional items) for the current financial year [en
Read moreBroker tips: easyJet, ARM, JD Wetherspoon
24th Jul 2013 11:10
Jefferies has kept its 'hold' rating for easyJet but said it expects analysts to raise profit forecasts for the budget airline this year after a decent third quarter. "Today's 3Q interim management statement confirms another solid summer in progress which we expect to drive consensus full-year prof
Read moreBroker snap: JD Wetherspoon's outlook 'more positive', says Panmure
24th Jul 2013 11:08
Panmure Gordon has reiterated its 'buy' rating for the pubs group JD Wetherspoon on the back of a well-received fourth-quarter trading statement. The company said on Wednesday that full-year results would be slightly ahead of than previously anticipated after a strong fourth quarter, which saw sale
Read moreJD Wetherspoon delivers strong finish
24th Jul 2013 09:20
Pubs group JD Wetherspoon impressed the market on Wednesday morning after saying that trading in the fourth quarter was better than expected. The company said that it is now on track to achieve a "slightly better outcome (before any exceptional items) for the current financial year [ending July 23r
Read moreBodycote CEO reduces stake by 200,000 shares
22nd May 2013 16:19
Stephen Harris, the Chief Executive Officer of Bodycote, has reduced his stake in the in the heat treatment company with the sale of 200,000 shares. Each of the shares were sold at 546.50p for a total trade value of £1.09m. The transaction comes just under a month after the group posted a four pe
Read moreTuesday broker round-up UPDATE
14th May 2013 08:04
Babcock International: Jefferies increases target price from 1080p to 1250p and maintains a buy recommendation. Barratt Developments: Bank of America takes target price from 265p to 325p, while downgrading to neutral. Belgravium Technologies: WH Ireland places both its target price and its neutral
Read moreFriday broker round-up UPDATE
10th May 2013 07:14
Afren: Westhouse Securities initiates with a target price of 160p and a buy recommendation. Ashmore Group: Credit Suisse raises target price from 375p to 440p upgrading from underperform to neutral. Barratt Developments: Citigroup increases target price from 245p to 315p leaving its neutral rating
Read moreWetherspoon beats expectations but eyes tough Q4
8th May 2013 09:15
Pub chain Wetherspoon beat expectations in third-quarter trading and lifted profit margins on the previous period. Like-for-like sales increased 6.3% and total sales 9.3% in the 13 weeks to April 28th, meaning for the year to date that like-for-like sales are up 6.7% and total sales 10.1%. But du
Read moreWednesday broker round-up UPDATE
8th May 2013 09:08
Altitude Group: WH Ireland initiates with a target price of 50p and a buy recommendation. Betfair Group: Deutsche Bank increases target price from 725p to 884p, while staying with its hold recommendation. Nomura raises target price from 766p to 883p and reiterates a neutral rating. Exane BNP ups ta
Read moreIthaca Energy director adds 40,000 shares to existing stake
8th Apr 2013 15:53
Ithaca Energy's Non-Executive Director, John Summers, has purchased 40,000 shares in the company, boosting his stake to 254,700. The purchase was made ahead of its announcement that it has contracted the services of Applied Drilling Technology International (ADTI) for development drilling at its Gr
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