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Friday broker round-up UPDATE

Fri, 28th Jun 2013 08:32

BAE Systems: Deutsche Bank increases target price from 375p to 400p, while downgrading to hold.Barclays: Bank of America moves target price from 430p to 410p, while its buy recommendation remains unaltered.Booker Group: Investec shifts target price from 140p to 141p and keeps its buy recommendation.British American Tabacco: Jefferies reduces target price from 4000p to 3800p, while keeping a buy recommendation. Credit Suisse cuts target price from 3800p to 3700p and maintains an outperform rating.Cch International: JP Morgan reduces target price from 1920p to 1860p staying with an overweight rating.Consort Medical: Investec raises target price from 836p to 855p, while downgrading from buy to add.CSR: JP Morgan takes target price from 530p to 550p and retains an overweight rating.Debenhams: JP Morgan ups target price from 95p to 118p and upgrades from neutral to overweight.Diageo: Goldman Sachs moves target price from 2670p to 2620p, while upgrading to strong buy.Direct Line: Canaccord Genuity raises target price from 220p to 250p and reiterates a buy recommendation.Domino Printing Sciences: Investec initiates with a target price of 600p and a hold recommendation.Drax Group: UBS raises target price from 685p to 710p and retains a buy recommendation.Dunelm: Panmure Gordon increases target price from 940p to 1013p keeping a buy recommendation.Eurasian Natural Resources: UBS cuts target price from 285p to 230p and downgrades from buy to neutral.Greene King: Citi upgrades to buy with a target price of 900p. JP Morgan ups target price from 860p to 880p and reiterates an overweight rating. Deutsche Bank increases target price from 750p to 820p maintaining a buy recommendation.Halma: JP Morgan raises target price from 435p to 510p, while keeping its neutral rating.Homeserve: JP Morgan downgrades from overweight to neutral with a target price of 284p.Intertek Group: Deutsche Bank increases target price from 2566p to 2820p, while its hold recommendation is kept.Lloyds Banking Group: Bank of America moves target price from 70p to 80p and retains a buy recommendation.Petrofac: Liberum Capital lowers target price from 1600p to 1550p and maintains a buy recommendation.SAB Miller: Nomura reduces target price from 3450p to 3300p and stays with its neutral rating.Schroders: Exane upgrades to outperform with its target price of 2500p.Smith(DS): JP Morgan shifts target price from 272p to 277p and leaves its overweight rating unchanged.Standard Chartered: Deutsche Bank cuts target price from 1825p to 1645p and leaves its hold recommendation unaltered. Numis reduces target price from 1708p to 1533p, while its hold recommendation is retained.Unilever: Goldman Sachs upgrades to a string buy with a target price of 3320p.Vodafone Group: Deutsche Bank shifts target price from 216p to 217p upgrading to buy.WANdisco: Panmure Gordon takes target price from 1083p to 1132p and stays with its buy recommendation.Wolseley: Liberum Capital cuts target price from 3730p to 3500p leaving its buy recommendation unchanged.
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24 Aug 2023 18:08

SFO drops 10-year probe into Rio Tinto, Eurasian Natural Resources

(Alliance News) - The Serious Fraud Office has dropped a 10-year probe into Rio Tino PLC and former FTSE 100 miner Eurasian Natural Resources Corp, saying it does not have enough evidence to prosecute.

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24 Nov 2013 16:46

Sunday newspaper round-up: Iran, RBS, Babcock

The interim deal between Iran and six world powers hammered out in the small hours of November 24th to curb the former's nuclear programme is a long way from perfect, but it meets two key tests. The first is that it will extend Iran's so-called "critical capability"?the time needed for it to produce

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12 Nov 2013 15:58

Potash slump raises stakes in Russia legal battle

* Eurochem seeks $800 mln from London-listed Shaft Sinkers * Seeks similar sum in Dutch suit from main shareholder IMR * Claim "nonsensical and fabricated" - Shaft Sinkers * IMR says will make robust defence * Eurochem stands by investments despite potash price slump Read more

7 Nov 2013 09:12

ENRC Says Sales Down, Production Up In Third Quarter, Ahead Of Delisting

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6 Nov 2013 15:26

FCA tightens listing rules to give minority shareholders more power

Minority shareholders in large companies are to be given more powers as the City regulator tightens listing rules in London. In a move which it hopes will "protect" small investors, the Financial Conduct Authority (FCA) has strengthened its listing rules to give shareholders "additional voting righ

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5 Nov 2013 18:22

UPDATE 1-British regulator to toughen London share listing rules

By Kylie MacLellan LONDON, Nov 5 (Reuters) - Britain's financial regulator is to bolster its stock market listing rules to better protect minority shareholders, after high-profile scandals at mining companies ENRC and Bumi left some investors nursing heavy losses. The Financial Conduc

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5 Nov 2013 13:10

UK regulator to toughen London share listing rules

By Kylie MacLellan LONDON, Nov 5 (Reuters) - Britain's financial regulator is to bolster its stock market listing rules to better protect minority shareholders, after high-profile scandals at mining companies ENRC and Bumi left some investors nursing heavy losses. The Financial Conduc

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25 Oct 2013 17:31

ENRC Non-Executives Resign Following Eurasian Resources Offer Becoming Unconditional

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25 Oct 2013 10:19

Founders apply to delist Kazakh miner ENRC

(.) LONDON, Oct 25 (Reuters) - The founders of Kazakh miner ENRC , whose bid to buy out minority shareholders went unconditional on Friday, have applied to UK regulators and the London Stock Exchange to delist the company. The trio of billionaire founders, who launched the bid alongsi

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23 Oct 2013 13:24

ENRC proposes "quarantine" for foreign firms eyeing UK listing

* Suggests probationary period for companies seeking to join UK main market * Says it was not allowed enough time to shift from "private, Kazakh-based company" * UK parliamentarians have called for evidence from UK-based oil, mining industry * ENRC, Bumi among companies expected

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4 Oct 2013 11:15

Kazakhmys Accepts Offer For Its 26% Holding In ENRC

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4 Oct 2013 10:52

UK WINNERS & LOSERS: Carpetright Slips As Tate & Lyle Leads Blue-Chip Gainers

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26 Sep 2013 08:57

OFFICIAL CORRECTION-ENRC offer deadline extended to 6 Oct

LONDON, Sept 26 (Reuters) - * Rpt-ENRC bidders say have shares representing approximately 95.99 per cent. of the issued share capital of ENRC * Official Correction-ENRC bidders say offer is being extended and will remain open for acceptance until 1.00 P.M. (London time) on 6 October 2013 *

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26 Sep 2013 08:50

Takeover Deadline For ENRC Extended, Shareholding Increased

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20 Sep 2013 16:39

London close: Stocks hit by Bullard comments as post-Fed rally fades

The exuberant post-Fed mood quickly faded on Friday with comments from one US policymaker dampening stocks before the close of trade. Risk appetite was also scaled back as caution set in ahead of the German elections at the weekend with the outcome still highly uncertain. The FTSE 100 finished 28.

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