Wednesday broker round-up - UDPATE
10th Oct 2012 08:22
African Barrick Gold: Nomura cuts target from 670p to 605p, buy rating kept. APR Energy: JPMorgan Cazenove initiates coverage with overweight rating and 1,005p target. ARM Holdings: Credit Suisse initiates coverage at neutral. ASOS: Seymour Pierce keeps hold rating and 1,900p target. Avanti Com
Read moreFTSE 100 movers: Miners rise as utilities sink
21st Sep 2012 14:20
Miners were generally performing well on Friday, clawing back some of yesterday's losses, but utilities are out of favour, especially National Grid, after JP Morgan Cazenove downgraded the stock to "underweight" from "neutral". Traders are still drumming their fingers, waiting impatiently for the
Read moreLondon open: Miners bounce back
21st Sep 2012 08:46
Having taken a hammering yesterday in the wake of the gloomy manufacturing news from China, miners are bouncing back this morning, dragging the Footsie higher. Of all the companies in the mining sector, Xstrata and Glencore are likely to be closely watched ahead of the deadline on Monday relating t
Read moreLondon pre-open: Spain in focus
21st Sep 2012 07:25
City sources predict the FTSE 100 will open up 22 points from yesterday's close of 5,855, as stocks take the lead from Asia. The Glenstrata deal is set to be a hot topic of interest today, ahead of its deadline on Monday. For the most part, US stocks ended the day slightly lower on Thursday, hit
Read moreSage makes double acquisition in Brazil
21st Sep 2012 07:02
Accountancy software group Sage has acquired EBS Empresa Brasileira de Sistemas, a provider of accounting, business management and tax software in Brazil. The acquisition, which was made through Sage's subsidiary, Folhamatic Tecnologia em Sistemas, cost the group up to £10.6m, including a performa
Read moreLondon close: M&A rumour mill cranks up
19th Sep 2012 16:53
After trading in positive territory for most of the day Footsie dipped into the red after US markets opened lower, but bounced back into the black in the final 90 minutes of trading. The day started well with the Japanese central bank unexpectedly opting to beef up its quantitative easing programme
Read moreLondon pre-open: Limited gains expected on FTSE
19th Sep 2012 07:29
City sources predict the FTSE 100 will open up 21 points from yesterday's close of 5,868, after the Bank of Japan also announced plans to ease monetary policy. Gains on the FTSE are forecast to be limited, however, as investors continue to hold serious concerns over the economic situation in Spain a
Read moreLondon midday: Markets look to Fed for a boost
13th Sep 2012 11:50
- Markets tentative ahead of FOMC announcement - Stocks already priced in stimulus - Next and BAE provide a drag in London The FTSE 100, like other stock markets across Europe, was broadly flat by Thursday lunchtime ahead of a pivotal policy decision by the Federal Reserve expected later on. Yest
Read moreLondon open: Markets cautious ahead of FOMC meeting
13th Sep 2012 08:27
- Markets focus on FOMC announcement - Next sinks on gloomy outlook - BAE eases after strong surge With all eyes on a Federal Open Market Committee (FOMC) meeting today, UK stocks started flat on Thursday ahead of a key policy decision in the US. "European headline shares opened tentatively this m
Read moreVirgin Rail begins review proceedings over rail contract
28th Aug 2012 15:28
Virgin Rail Group, the joint venture of transport company Stagecoach and Richard Branson's investment vehicle Virgin Group, has begun court proceedings seeking a review of the decision by the Department for Transport to award the new InterCity West Coast rail franchise to a subsidiary of FirstGroup.
Read moreLondon close: Bundesbank spoils the party
20th Aug 2012 16:52
- Bundesbank expresses critical opinion of ECB bond-buying - ECB considering capping bond spreads - Xstrata down on concerns over Glencore merger After a subdued start, the Footsie dropped into the red in afternoon trade as Germany's Bundesbank reiterated its critical stance on the bond-buying prop
Read moreSage rises as SAP executive signals new acquisitions
20th Aug 2012 15:11
According to the co-chief executive of German software company SAP, Jim Hagemann, the firm could make more acquisitions, Sueddeutsche Zeitung is reporting. More specifically, he added that the company wants to fuel its long term growth two-thirds by means of internal expansion and one-third through
Read moreBroker tips: GKN, Weir, Sage
31st Jul 2012 10:42
Jefferies has maintained its 'buy' rating and 220p target price for engineering giant GKN, saying that the shares could be in for a 'significant' jump. "We sense that sentiment towards GKN is still being heavily swayed by caution about global light vehicle production, but GKN is likely to be able t
Read moreBroker snap: UBS downgrades Sage to 'neutral'
31st Jul 2012 09:54
UBS has downgraded its rating for accountancy software group Sage from 'buy' to 'neutral' on valuation grounds but has raised its target price from 295p to 305p to reflect the impact of recent buy-back activity. The broker notes that Sage's recent investor day set out plans to re-accelerate growth
Read moreTuesday broker round-up
31st Jul 2012 09:19
Dignity: N+1 Brewin upgrades to add, target raised from 880p to 950p. Diploma: Jefferies reiterates buy rating and 510p target. Elementis: N+1 Brewin upgrades to buy, target upped from 220p to 230p. EnQuest: HSBC upgrades to overweight, target lifted from 135p to 143p. Faroe Petroleum: Nomura ra
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