Friday broker round-up
20th Jul 2012 10:17
Capita: UBS ups target from 725p to 740p, buy rating unchanged. Euromoney: Peel Hunt downgrades to hold. Gulf Keystone: HSBC upgrades to overweight. Halfords: UBS cuts target from 240p to 205p, neutral rating kept; HB Markets upgrades to buy. Hammerson: Bank of America Merrill Lynch downgrades t
Read moreWednesday broker round-up
18th Jul 2012 09:21
Ashmore: Goldman Sachs upgrades to buy. Ashtead: Jefferies reiterates buy rating and 320p target. Booker: Investec maintains buy rating and 98p target. British Land: BarCap downgrades to equal weight. Capital Shopping Centres: BarCap upgrades to overweight. Chariot Oil & Gas: Merchant Securitie
Read moreLondon close: Global growth concerns weigh on stocks
16th Jul 2012 16:39
- China's Wen dampens sentiment - IMF cuts global growth forecast - G4S, Tullow, Sage and Barclays lead the fallers The FTSE 100 finished flat on Monday as a late burst of buying helped the benchmark index recover some of its earlier losses on the back of concerns over the global economic outlook.
Read moreFTSE 100 movers: G4S leads fallers
16th Jul 2012 15:16
Security solutions firm G4S tumbled from the off today after saying that it will incur a loss on its Olympics Games contract of 35-50m pounds after failing to provide the number of staff for the event that it had committed to. Chief Executive Officer Nick Buckles said that the company is "deeply dis
Read moreLondon midday: Footsie flat despite heavy falls for G4S and Barclays
16th Jul 2012 11:42
- Chinese economic concerns weigh on sentiment - ECB moves to make senior bondholders share burden - G4S, Barclays, Sage, National Grid lead the fallers on FTSE 100 UK stocks were trading broadly flat by Monday lunchtime, though sentiment had been dampened by concerns over the Chinese economy and c
Read moreBroker tips: G4S, National Grid, Sage
16th Jul 2012 11:31
Both UBS and Jefferies have downgraded their ratings for security solutions firm G4S following the news that the company expects to incur a 35-50m pound loss on its London Olympics contract. UBS has cut its recommendation from 'buy' to 'neutral' and slashed its target price from 330p to 280p, sayin
Read moreBroker snap: Sage isn't cheap, Investec recommends to 'hold'
16th Jul 2012 11:25
Investec has trimmed its target price for accountancy software group Sage from 247p to 243p and retained its 'hold' rating as European weakness continue to hold back sales growth. Sales were flat in the third quarter, compared to 1% growth in the first half. "With UK and Ireland still solid (+5% a
Read moreLondon open: China concerns dampen Footsie; G4S tanks
16th Jul 2012 08:35
- China's Wen dampens sentiment - Miners drop on Chinese worries, Nomura comments - G4S tumbles on Olympics contract loss estimates London's benchmark index opened slightly lower on Monday morning as comments from China's Premier weighed heavily on stocks in the mining sector. G4S also took a tumbl
Read moreLondon pre-open: Wen Jiabao's comments to limit gains
16th Jul 2012 07:30
City sources predict the FTSE 100 will open up four points from Friday's close of 5,666, largely ignoring huge advances seen in US trading on Friday after Chinese stocks took a big hit today. Premier Wen Jiabao sent investor sentiment in the region plunging after saying economic recovery in China is
Read moreSage waiting on Europe
16th Jul 2012 07:02
Accountancy software leviathan Sage has been trading broadly in line with expectations since the end of March but is still waiting for the looked-for pick-up in Europe to happen. "The main trends we highlighted at our interim results in May continue to be a feature of our trading performance," said
Read moreWeek Ahead: Sage, Vodafone, Kingfisher, BoE minutes
13th Jul 2012 14:09
Thursday is the big day for results next week with retail giants Sports Direct, Halfords, Kingfisher and Mothercare all set to update the market. Accountancy software behemoth Sage is first out to bat on Monday, however, with an interim management state (IMS) which will be followed on Tuesday with
Read moreFriday broker round-up
6th Jul 2012 09:35
Aviva: SocGen upgrades to hold from sell. Aberdeen: UBS cuts target from 310p to 300p, buy rating unchanged. Associated British Foods: Nomura raises target from 1,375p to 1,400p, buy recommendation unchanged. AstraZeneca: Jefferies downgrades from buy to hold, target left at 2,975p. AVEVA: Beren
Read moreSage finalises acquisition of Brazilian asset
26th Jun 2012 09:15
Sage Group, the FTSE 100 accountancy software company, has completed its acquistion of the controlling interest in Folhamatic Group, a provider of accounting, tax and payroll and regulatory content software in Brazil. The UK company is paying £125m for a 75% stake in the firm, equating to an enter
Read moreMonday broker round-up
25th Jun 2012 08:56
African Barrick Gold: Nomura cuts target from 685p to 670p, buy rating unchanged. Aquarius Platinum: UBS cuts target from 110p to 55p, neutral rating kept. Avocet Mining: Nomura downgrades from buy to neutral, cuts target from 310p to 220p. Bovis Homes: UBS upgrades from sell to neutral, 465p tar
Read moreThursday broker round-up
21st Jun 2012 09:13
ARM Holdings: Investec maintains buy rating and 800p target. Ashtead: Jefferies ups target from 300p to 320p, buy rating retained. Bellway: Goldman Sachs downgrades to neutral. British Land: Societe Generale downgrades to sell. CRH: HSBC upgrades to overweight. Dignity: Goldman Sachs downgrades
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