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Asos broker round-up: Exane, Citi, UBS, Cantor, Barclays

Asos broker round-up: Exane, Citi, UBS, Cantor, Barclays

Tue, 21 October 2014

Broker reaction to full year results from Asos was mixed, coming after three profit warnings from the online fashion retailer in the last seven months. Here are a selection of views from analysts befo... [more]

Wednesday preview: Glaxo, MPC minutes, US CPI all due out

Wednesday preview: Glaxo, MPC minutes, US CPI all due out

Tue, 21 October 2014

Glaxosmithklline will be among the most high-profile companies to release results on Wendesday as the pharmaceutical giant reports its third-quarter figures. The drugmaker is expected to deliver sales... [more]

Sector movers: Grocery stocks rise as Kantar data shows improving trends

Sector movers: Grocery stocks rise as Kantar data shows improving trends

Tue, 21 October 2014

Kantar Worldpanel grocery-market data showing Tesco's best sales performance since June helped fragile sentiment in the battered supermarket industry to improve slightly on Tuesday. Shares of the thre... [more]

Broker tips: Shire, ARM Holdings, Transport, Real estate

Broker tips: Shire, ARM Holdings, Transport, Real estate

Tue, 21 October 2014

Panmure Gordon chose to reiterate its 'buy' recommendation on Shire even though the $54bn pursuit by Abbvie is now officially over, highlighting an "opportunity" for investors to pick up shares after ... [more]

Panmure highlights 'multiple suitors' for Shire as Abbvie deal falls through

Panmure highlights 'multiple suitors' for Shire as Abbvie deal falls through

Tue, 21 October 2014

Shire's share price bounced on Tuesday after it agreed with US pharmaceutical group Abbvie to officially terminate the latter's $54bn takeover offer. Panmure Gordon chose to reiterate its 'buy' recomm... [more]

Jump aboard Stagecoach rather than Go-Ahead, says Shorecap

Tue, 21 October 2014

Broker Shore Capital welcomed transport group Go-Ahead's latest update but said it was keener on rival Stagecoach. Go-Ahead said in a first-quarter trading update on Tuesday that commercial and conces... [more]

New Asos COO picks up £0.5m of shares after results bounce

Tue, 21 October 2014

Asos'schief operating officer, Nick Beighton, who has been promoted or perhaps demoted from finance director after three profit warnings in the last seven months, increased his skin in the game with a... [more]

Liberum repeats 'sell' ARM on smartphone, tablet slowdown

Tue, 21 October 2014

Liberum has kept a 'sell' rating on shares of chip designer ARM Holdings despite a "broadly in-line" third quarter, saying that future prospects are likely to be held back by a slowdown in its end-mar... [more]

Credit Suisse sees limited threat from Agents' Mutual at Rightmove and Zoopla

Tue, 21 October 2014

Credit Suisse has highlighted an "attractive entry point" for potential investors of Rightmove and Zoopla, downplaying concerns about the threat to the UK estate agent portal industry from newcomer Ag... [more]

Market overview: John Paulson's Advantage Fund lost 11% amid market volatility

Tue, 21 October 2014

1419: Contrary to what their name would seem to imply hedge funds are often times anything but 'hedged'. As Bill Hubard explains in a note to clients, this month's turmoil has been a 'bloodbath' for h... [more]

Tuesday broker round-up UPDATE

Tue, 21 October 2014

African Barrick Gold: JP Morgan cuts target price from 340p to 300p and stays with its overweight rating. Anglo American: JP Morgan raises target price from 1240p to 1310p, while leaving its underweig... [more]

Tuesday tips round-up: Rolls Royce, Tesco

Tue, 21 October 2014

Notwithstanding the impact from the sanctions imposed on Russia, there still seems to be a good business case to be made for shares of Rolls Royce. No, they may not return to the £12.71 per share mark... [more]

Charles Stanley reaffims 'hold' on Centrica

Mon, 20 October 2014

On Monday, British investment management firm Charles Stanley reaffirmed its 'hold' status for Centrica shares. The energy provider reported first half figures in line with lowered expectations reflec... [more]

Advanced Oncotherapy non-exec adds one million shares

Mon, 20 October 2014

In a quiet day for deals, Enrico Vanni, a non-executive director of Advanced Oncotherapy, has added one million shares to his holding in the company. The 4.08p-a-share deal took Vanni's interest to 11... [more]

Banks are starting to look like utilities, Brewin Dolphin says

Mon, 20 October 2014

Britain's banks are becoming more like utilities as they focus on traditional retail banking rather than "casino" investment banking after the financial crisis, according to broker Brewin Dolphin. The... [more]

Retail guru Nick Bubb revives Sainsbury's rights issue talk

Mon, 20 October 2014

Shares in supermarket group Sainsbury's fell on Monday after respected retail analyst Nick Bubb revived speculation that the supermarket group may launch a rights issue. Reports have suggested Sains... [more]

Shore Capital says 'hold' ABF despite US store deal for Primark

Mon, 20 October 2014

Shore Capital is keeping its 'hold' recommendation on Primark owner Associated British Foods (ABF) despite a deal with US department store group Sears to open Primark shops in the US. ABF has entered ... [more]

Tuesday preview: Reckitt, ARM in focus; much-awaited Chinese data out

Mon, 20 October 2014

Quarterly reporting season in the UK is expected to get into full swing on Tuesday with a raft of blue-chip companies scheduled to release trading updates. Consumer-goods giant Reckitt Benckiser will ... [more]

Sector movers: Weak earnings from IBM weigh on UK tech stocks

Mon, 20 October 2014

Disappointing results from US tech titan IBM were weighing on hardware and equipment stocks this side of the Pond on Monday. IBM reported a profit of just two cents a share for the three months to 30 ... [more]

Canaccord Genuity sees win-win situation for Greene King and Spirit

Mon, 20 October 2014

Pub groups Spirit and Greene King can both be winners from their proposed £723m merger, Canaccord Genuity said. Spirit said on Monday that it had received a fresh takeover offer from Greene King at ab... [more]

Broker tips: Airlines, Rolls-Royce, Premier Foods, Spectris

Mon, 20 October 2014

Liberum has highlighted UK-listed IAG, Ryanair and Easyjet as its top picks across the European airline sector, saying it sees "opportunities for the brave" despite sentiment remaining fragile across ... [more]

Credit Suisse lowers Spectris target on weakess in China and Germany

Mon, 20 October 2014

Analysts at Credit Suisse on Monday lowered their estimates for the instrumentation and controls manufacturer Spectris due to a raft of factors, including weakness in China and Germany. The company's ... [more]

Rolls-Royce receives raft of further broker downgrades

Mon, 20 October 2014

Analysts at JPMorgan Cazenove, Investec and Liberum have all taken a more cautious view on Rolls-Royce after the engine maker lowered its full-year revenue guidance last week. The engineering group sa... [more]

Liberum names IAG, Ryanair and Easyjet as top European airline picks

Mon, 20 October 2014

Liberum has highlighted UK-listed IAG, Ryanair and Easyjet as its top picks across the European airline sector, saying it sees "opportunities for the brave" despite sentiment remaining fragile across ... [more]

Monday broker round-up UPDATE

Mon, 20 October 2014

African Barrick Gold: Westhouse Securities cuts target price from 285p to 230p maintaining an add rating. Antofagasta: Westhouse Securities reduces target price from 805p to 720p retaining its neutral... [more]

FTSE 100 Top Risers

Name Last Chg.% Time
TUI Travel 365.50 4.73 17:03
Carnival 2,347.00 4.50 17:11
Ashtead Group 976.50 4.27 17:11
Weir Group 2,295.00 4.14 17:09
WPP 1,171.00 4.00 17:09

FTSE 100 Top Fallers

Name Last Chg.% Time
ARM Holdings 810.00 -5.34 08:00
Reckitt Benckiser Group 5,010.00 -2.05 17:15
Rolls-Royce Holdings 802.50 -1.83 17:11
Whitbread 4,196.00 -0.66 17:11
United Utilities Group 823.50 -0.06 16:44