Friday broker round-up
5th Dec 2014 09:48
Amino Technologies: N`+1 Singer ups target price from 107p to 141p and keeps a 'buy' recommendation. Barr (AG): Numis upgrades from 'hold' to 'add' with a target price of 659p. Jefferies reduces target price from 678p to 510p and downgrades to 'sell'. Betfair: JP Morgan increases target price from
Read moreFTSE 100 movers: Travel companies fly higher as miners sink
4th Dec 2014 14:45
Travel tour operator TUI Travel saw its shares rise, as the company met expectations with a 4% rise in annual profits as the company painted a positive outlook for the winter and upcoming summer season ahead of its planned merger with parent group TUI AG. Budget airline Easyjet also flew high aft
Read moreBroker tips: Sage, Glencore, Debenhams
4th Dec 2014 12:14
Sage's shares were extending gains on Thursday after the accountancy software group impressed the market with its annual results, with the stock given a boost by target price upgrades at both Citigroup and Credit Suisse. Citi raised its target for the shares from 450p to 475p and kept a 'buy' rating
Read moreLondon midday: UK stocks rangebound ahead of ECB policy decision
4th Dec 2014 11:40
UK stocks were trading within a narrow range on Thursday as investors refrained from taking on too much risk ahead of the European Central Bank (ECB) policy meeting, which has the potential to spark volatility across financial markets worldwide. The FTSE 100 was trading just 0.03% higher at 6,719 by
Read moreCredit Suisse, Citi lift targets for Sage but disagree on outlook
4th Dec 2014 09:41
Sage's shares were extending gains on Thursday after the accountancy software group impressed the market with its annual results, with the stock given a boost by target price upgrades at both Citigroup and Credit Suisse. The stock was up 5.6% at 445.7p by 10:40, having risen nearly 11% in just two s
Read moreThursday broker round-up
4th Dec 2014 08:46
Aberdeen: Charles Stanley downgrades to 'hold'. Afren: Canaccord reduces target price from 115p to 65p, while staying with its 'speculative buy' recommendation. Amino Technologies: Northland moves target price from 120p to 130p and retains a 'buy' recommendation. Belgravium Technologies: WH Irelan
Read moreLondon close: Upmarket housebuilders hit as investors digest Autumn Statement
3rd Dec 2014 16:29
Upmarket housing stocks took a hit but airlines were flying higher as investors reacted to the UK's Autumn Statement on Wednesday. Shares in Berkeley Group Holdings were 76p off at 2468p and estate agency Foxtons subsided 2.6p to 152.8p as Chancellor George Osborne introduced a new stamp duty regime
Read moreSector movers: Software stocks rise as Sage results impress
3rd Dec 2014 14:40
Software and computer services stocks were the best performers in London on Wednesday as a well-received annual report from Sage gave the sector a boost. Sage, the FTSE 100 company which makes business software for accounting, payrolls and forecasting, saw shares rise 5% in afternoon trade as it rep
Read moreSage's "decent set of figures" provide reassurance, says Westhouse
3rd Dec 2014 10:21
Westhouse Securities has reiterated it 'add' recommendation and 467p target price for Sage Group after the accountancy software firm reported a "decent set of figures" in its annual report on Wednesday. Revenues came in at £1.31bn in the year to 30 September, up 4.9% on organically but down 5% on a
Read moreLondon pre-open: FTSE to extend gains ahead of busy session
3rd Dec 2014 07:44
Tracking gains seen in the US overnight, but tempered by a mixed session in Asia, City sources predict the FTSE 100 will open around 11 points higher than Tuesday's close of 6,742.10. Attention is expected to move some degree away from oil, which has dominated markets in recent days, and turn instea
Read moreSage says 2015 revenue rises likely to be in H2
3rd Dec 2014 07:35
Accountancy software group Sage hailed higher annual profits and the achievement of key financial milestones for 2014 and said it was on track to hit financial targets for 2015, although 2014 revenues fell. It also cautioned that revenue growth next year was likely to be weighted to the second half.
Read moreWednesday preview: Sage Group to report annual results
2nd Dec 2014 15:11
Software company Sage Group on Wednesday is expected to report an increase in annual earnings under new chief executive Stephen Kelly. The consensus forecast on revenue is at £1.317bn, up from £1.315bn a year earlier. Earnings before interest, tax and appreciation (EBITDA) is pegged at £362m, compar
Read moreBroker tips: BT, Sage, Compass, Thomas Cook
26th Nov 2014 12:26
UBS has speculated that if BT follows through with its current talks to buy O2 or EE it would become less aggressive in the forthcoming Premier League rights auction and produce a better outcome for Sky. "We think concerns about Sky losing the EPL rights are weighing on investor sentiment but we are
Read moreNumis says higher capital returns possible at Sage, upgrades to 'add'
26th Nov 2014 11:10
Numis Securities has raised its recommendation for accountancy software group Sage from 'hold' to 'add' ahead of the company's annual results next week. Following the appointment of new Sage chief executive Stephen Kelly this month, Numis said that the results, due on 3 December, will be "a clear op
Read moreTuesday tips round-up: Tesco, Sage
23rd Sep 2014 07:02
There is speculation that Tesco may have been too optimistic when forecasting how successful its promotions – and hence promotion related payments from suppliers – would be. Nevertheless, when the company does finally come round to releasing its results it will have a lot of explaining t
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