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Raymond James cuts BT to 'underperform'; sees headwinds from changing competitive landscape

Raymond James cuts BT to 'underperform'; sees headwinds from changing competitive landscape

Thu, 28 May 2015

Raymond James downgraded its stance on BT Group to 'underperform' from 'strong buy' and cut its price target to 438p from 500p on Thursday, pointing to a radical change in the competitive market. "Sig... [more]

Friday preview: Second estimate of US GDP to show economy contracted in Q1

Friday preview: Second estimate of US GDP to show economy contracted in Q1

Thu, 28 May 2015

The US economy may have contracted in the first quarter, according to forecasts ahead of Friday's second estimate of gross domestic product (GDP). Analysts predict the Bureau of Economic Analysis to r... [more]

AFH Financial Group's investment officer increases stake

AFH Financial Group's investment officer increases stake

Thu, 28 May 2015

AFH Financial Group's chief investment officer has bought some shares, the company said on Thursday. Toby Denne purchased 20,000 shares for 145p each, spending a total of £29,000. Following the trans... [more]

Sector movers: Technology shares lend support to London trading

Sector movers: Technology shares lend support to London trading

Thu, 28 May 2015

Technology and software shares nudged the FTSE 100 back above the 7,000 mark on Thursday, but overall trading remained subdued as Greece's debt woes continued to impact market sentiment. Shrugging off... [more]

RBC ups Mitie price target and free cash flow estimates

RBC ups Mitie price target and free cash flow estimates

Thu, 28 May 2015

RBC Capital Markets raised its price target for Mitie Group to 350p from 310p. "With a cleaner business and no more one-offs, we expect free cash flow to be more in line with earnings per share going ... [more]

Thursday tips round-up: Brewin Dolphin, Card Factory

Thu, 28 May 2015

Brewin Dolphin's share price took a hit despite reporting progress in beefing up its profit margins during its first half. Those improved to 22.3% from 20.8%. However, at 4% its organic rate of growth... [more]

Broker tips: HSBC, Intertek, ICAP, Non-life insurers

Thu, 28 May 2015

UBS has maintained a 'neutral' stance on HSBC ahead of the bank's strategy update on 9 June, saying that management is unlikely to deliver what is needed. HSBC's Asian franchise is the bank's "jewel i... [more]

Deutsche Bank downgrades Intertek to 'hold'

Thu, 28 May 2015

Product testing group Intertek was trading in the red on Thursday after Deutsche Bank downgraded its recommendation on the stock from 'buy' to 'hold'. While concerns the group's exposure to the oil an... [more]

UBS predicts underwhelming strategic update from HSBC next month

Thu, 28 May 2015

UBS has maintained a 'neutral' stance on HSBC ahead of the bank's strategy update on 9 June, saying that management is unlikely to deliver what is needed. HSBC has already signalled that its strategic... [more]

JPMorgan names Esure as top non-life pick, upgrades Direct Line

Thu, 28 May 2015

Non-life insurers in the UK are currently struggling with tough conditions, though things should improve as motor pricing picks up, according to JPMorgan Cazenove. JPMorgan named Esure as its top pick... [more]

Numis cuts ICAP to 'sell'; says shares don't reflect challenging market conditions

Thu, 28 May 2015

Numis downgraded ICAP to 'sell' from 'hold', saying the shares have run too far. It pointed out that the shares are up 36% over the last six months versus the FTSE all Share up 6% and said they are no... [more]

Thursday broker round-up

Thu, 28 May 2015

Direct Line: JP Morgan upgrades to overweight. Admiral: JP Morgan reiterates underweight. TUI: JP Morgan stays at overweight with 1,275p target. RSA: JP Morgan ups target to 451p from 433p, keeps at n... [more]

Market overview: Shares higher despite mixed start on Wall Street

Thu, 28 May 2015

1630:Close Shares edged higher on the back of residual gains in Greek sovereign debt and despite mixed economic data Stateside. Sports Direct led gains after bumping up its guidance for full-year prof... [more]

Thursday newspaper round-up: Broadcom, Thomas Cook, Bank of England

Thu, 28 May 2015

According to The Wall Street Journal, chipmaker Broadcom is in "advanced talks" to be taken over by peer Avago Technologies in a deal worth $35m. Thomas Cook's former boss Harriet Green, who left the ... [more]

Sector movers: Construction, tobacco and insurance stocks lead London Market higher

Wed, 27 May 2015

Construction, insurance, and tobacco shares led the London market back in to the green on Wednesday, despite the overhang of Greece's debt crisis lurking in the background. The FTSE 100 closed up 1.24... [more]

Brewin Dolphin's Stephen Ford sells shares

Wed, 27 May 2015

A director at Brewin Dolphin sold 0.29m shares in the same day that the company posted disappointing half-year results. Stephen Ford, head of wealth and investment management, sold 28,572 shares for a... [more]

Thursday preview: Second estimate of Q1 UK GDP expected to be revised higher

Wed, 27 May 2015

A second estimate of UK gross domestic product (GDP) in the first quarter expected to be revised slightly higher on Thursday. Analysts predict the Office for National Statistics report to show GDP ros... [more]

Credit Suisse positive on airlines, retailers

Wed, 27 May 2015

Speculative positions in oil are excessive and appear to have peaked, Credit Suisse wrote in a strategy note on Wednesday. That usually leads to a fall in the oil price and where it to rise from here ... [more]

Deutsche Bank raises Shire price target as survey suggests upside

Wed, 27 May 2015

Deutsche Bank bumped up its price target for Shire to 6000p from 5900p. "Following a detailed analysis of Shire's pipeline and growth prospects, we believe the company's targets for achievement of $10... [more]

Broker tips: IAG, Weir, De La Rue, Taylor Wimpey, Insurers

Wed, 27 May 2015

Credit Suisse has maintained its 'outperform' rating for airline conglomerate IAG after its proposed €1.4bn acquisition of Irish carrier Aer Lingus received the green light from the Irish governm... [more]

Investec downgrades De La Rue due to cautious outlook

Wed, 27 May 2015

Annual results from banknote printer De La Rue beat analysts' estimates, though a cautious outlook has prompted Investec to downgrade the stock. The broker cut its rating from 'add' to 'hold' and lowe... [more]

Wednesday tips round-up: RyanAir, Shawbrook

Wed, 27 May 2015

RyanAir has discovered that a little love can go a long way. So while it carried a record 91m passengers in the year to March and registered a two-thirds rise in profits, there is still momentum to be... [more]

Expect near-term weakening in oil markets, says Credit Suisse

Wed, 27 May 2015

Speculative positions in oil are excessive and appear to have peaked, Credit Suisse said in its global equity strategy note on Wednesday. CS said that net long positions in oil have risen to all-time ... [more]

Goldman Sachs removes Taylor Wimpey from Conviction List but keeps 'buy' recommendation

Wed, 27 May 2015

Goldman Sachs removed Taylor Wimpey from its Conviction List, but kept the stock at 'buy' with a 204p price target, following the strong share price performance mainly on the back of solid earnings gr... [more]

PZ Cussons downgraded by Panmure on Nigerian currency concerns

Wed, 27 May 2015

Broker Panmure Gordon has downgraded its rating on PZ Cussons to 'sell' as the surging shares in the personal healthcare and consumer goods group no longer reflect likely currency headwinds. Shares in... [more]

NASDAQ 100 Top Risers

Name Last Chg.% Time
Western Digital Corp. 99.23 5.15 22:00
eBay Inc. 60.56 1.99 21:56
Seagate Technology Plc 56.37 1.85 22:00
Staples Inc. 16.49 1.66 21:39
Garmin Ltd. 46.22 1.66 22:05

NASDAQ 100 Top Fallers

Name Last Chg.% Time
Sirius XM Holdings Inc 3.80 -2.56 22:01
Vimpelcom Ltd Ads 6.14 -2.38 22:00
TripAdvisor Inc. 76.80 -2.17 22:01
Expeditors International Of Washington Inc. 45.98 -2.13 22:00
Amgen Inc. 157.34 -1.93 22:06