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Tuesday tips round-up: Rio Tinto, Intertek

Tuesday tips round-up: Rio Tinto, Intertek

Tue, 03 March 2015

It's cheap and dirty - coal, that is. It has also become increasingly less profitable as the price has continued to decline. Since spring 2011 it has nearly halved. In fact, in the case of Australian ... [more]

Barclays trustee of EBT buys 300,000 shares in Laird following strong annual results

Barclays trustee of EBT buys 300,000 shares in Laird following strong annual results

Tue, 03 March 2015

Barclays Trust Company, a trustee of the Laird group Employee Benefit Trust (EBT), purchased 300,000 ordinary shares of 28.125p each on Tuesday, at an average price of £3.53 per share. Following the t... [more]

Tuesday broker round-up

Tuesday broker round-up

Tue, 03 March 2015

St. James's Place: Morgan Stanley ups target to 1,097p from 963p while reiterating overweight stance. AO World: Cannacord Genuity lowers target to 170p from 220p and reiterates hold. British American... [more]

Sector movers: RSA, Jardine Lloyd Thompson and Direct Line drag non-life insurers lower

Sector movers: RSA, Jardine Lloyd Thompson and Direct Line drag non-life insurers lower

Tue, 03 March 2015

Non-life insurers were out of favour on Tuesday as a broker downgrade at RSA and a cool reaction to results from Jardine Lloyd Thompson and Direct Line weighed on sentiment. General insurer RSA was tr... [more]

Subdued sentiment across European markets before ECB and US payrolls

Subdued sentiment across European markets before ECB and US payrolls

Tue, 03 March 2015

Sentiment across European financial markets was relatively subdued Tuesday as investors cut exposure to risk ahead of key events in the latter half of this week while digesting macro reports released ... [more]

Wednesday preview: Standard Chartered reports full-year results amid CEO departure

Tue, 03 March 2015

Standard Chartered is expected to report a decline in full-year earnings, reflecting an increase in impairments. Consensus forecasts point to $5.73bn of adjusted pre-tax profit, down from $6.95bn the ... [more]

Broker tips: Barclays, Travis Perkins, Intertek, Kingfisher, Consumer staples

Tue, 03 March 2015

A handful of brokerages continue to rate Barclays stock as 'buy' despite Tuesday's results from the bank that contain a huge increase in provisions to cover the costs of legal fees relating to scandal... [more]

Westhouse rates Travis Perkins 'neutral' after conservative outlook

Tue, 03 March 2015

Travis Perkins delivered a "typically conservative statement" on Tuesday as it warned about a moderation of growth in the UK housing market, according to Westhouse Securities which kept a 'neutral' ra... [more]

B&Q store closures possible, but Credit Suisse sees upside at Kingfisher

Tue, 03 March 2015

A potential restructuring of B&Q's property could "surprise on the upside" for owner Kingfisher, according to Credit Suisse which lifted its target price for the DIY group from 360p to 400p. Ahead of ... [more]

Intertek shares drop as HSBC cuts the stock to neutral

Tue, 03 March 2015

Testing services firm Intertek, had its rating cut to neutral by HSBC on Tuesday, a day after the company released full-year 2014 earnings. In its annual results, the group reported pre-tax profits fa... [more]

Investec names AB Foods and Unilever as key picks in consumer staples sector

Tue, 03 March 2015

Shares in Associated British Foods (ABF) and Unilever were making decent gains on Tuesday after broker Investec named the two stocks as its top picks in the European consumer staples sector. Analysts ... [more]

Market overview: Smith&Nephew and Travis Perkins lead losses

Tue, 03 March 2015

1630:Close Shares ended the session slightly lower led by losses in Smith&Nephew after the orthopaedics manufacturer announced that it would acquire it sole Colombian distributor. Travis Perkins lost ... [more]

Tuesday newspaper round-up: Greece, Netanyahu Vs. Obama, UN austerity

Tue, 03 March 2015

Greece will tap its final pension reserves at the country's central bank if required to avoid catastrophic default to the International Monetary Fund, according to The Telegraph. Binyamin Netanyahu co... [more]

Tuesday preview: Barclays reports full-year results

Mon, 02 March 2015

Barclays will hog the spotlight on Tuesday as it reports its full-year results. Analysts forecast the lender will report a pre-tax profit of £5.3bn, compared to a restated £4.9bn in 2013. The bank is... [more]

Sector movers: Miners fall as PBOC rate cut underwhelms

Mon, 02 March 2015

Mining stocks declined on Monday as investors shrugged off some improving economic data from top metals user China and a rate cut by its central bank in an attempt to boost growth. The People's Bank o... [more]

Electrocomponents chairman increases stake

Mon, 02 March 2015

The chairman of Electrocomponents bought some shares in the group on Monday. Peter Johnson purchased 50,000 shares for an individual price of 230.15p. After spending a total of £115,075 in the transa... [more]

Broker tips: IAG, RSA, William Hill

Mon, 02 March 2015

Credit Suisse has hiked its target price for International Airlines Group from 678p to 750p after the British Airways and Iberia owner beat estimates with its annual results last week. The bank reiter... [more]

Credit Suisse lifts target price for IAG

Mon, 02 March 2015

Credit Suisse has hiked its target price for International Airlines Group (IAG) from 678p to 750p after the British Airways and Iberia owner beat estimates with its annual results last week. The bank ... [more]

UBS upgrades RSA Insurance to 'neutral', but caution remains

Mon, 02 March 2015

UBS said it remains cautious about RSA Insurance but has upgraded its rating on the stock from 'sell' to 'neutral', saying that the market's expectations have been reset following last week's annual r... [more]

Market overview: US stocks open in positive territory

Mon, 02 March 2015

1438: US stocks are mostly higher as investors shrugged off worse-than-expected data on personal income and spending. Personal income rose 0.3% in January, compared to estimates for a 0.4% gain. Perso... [more]

Monday newspaper round-up: Scottish oil, HSBC, US army

Mon, 02 March 2015

The Scottish oil industry desperately needs state support to prevent drilling fields from becoming uneconomic and prematurely abandoned, Gordon Brown told The Guardian. MPs are set to question HSBC ab... [more]

Sunday newspaper round-up: Opec, HSBC, Afren bid battle

Sun, 01 March 2015

A fierce dispute is set to break out within the key organisation behind fixing world oil prices, according to the Sunday Telegraph. The Organisation of the Petroleum Exporting Countries (Opec) is torn... [more]

Sunday share tips: Carillion, Cineworld, Travis Perkins

Sun, 01 March 2015

Might Carillion be building up for another bid for rival Balfour Beatty? Ahead of Wednesday's results and after last week's six-month takeover bid came to an end, Danny Fortson in the Sunday Times sai... [more]

Petrofac CFO buys shares following better-than-expected interim results

Fri, 27 February 2015

Petrofac's financial officer increased his stake in the group two days after the oilfield services group released a good set of full-year results. Tim Weller bought 20,000 new shares for at 874p each,... [more]

Sector movers: Lloyds and StanChart gain but banking sector edges lower

Fri, 27 February 2015

The UK banking sector was slightly lower on Friday as well-received results from Lloyds and decent gains from Standard Chartered were offset by falls in the share prices of RBS, HSBC and Barclays. The... [more]

FTSE 100 Top Risers

Name Last Chg.% Time
Tullow Oil 364.80 2.10 17:11
Taylor Wimpey 147.90 2.07 16:57
Morrison (Wm) Supermarkets 202.00 1.61 16:56
Hargreaves Lansdown 1,171.00 0.95 17:03
Sainsbury (J) 273.90 0.62 16:57

FTSE 100 Top Fallers

Name Last Chg.% Time
Smith & Nephew 1,131.00 -5.67 17:09
Travis Perkins 1,944.00 -4.00 17:09
RSA Insurance Group 421.30 -3.25 17:09
Barclays 254.30 -3.22 17:09
International Consolidated Airlines Group SA (CDI) 556.00 -3.14 17:11