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Tuesday broker round-up UPDATE

Tue, 04th Jun 2013 07:25

Afren: Goldman Sachs shifts target price from 224p to 221p keeping a buy recommendation.Alent: Goldman Sachs initiates with a target price from 426p and a buy recommendation.Amerisur Resources: Goldman Sachs moves target price from 65p to 82p and stays with its neutral rating.Bahamas Petroleum: Goldman Sachs ups target price from 14.40p to 16p retaining a buy recommendation.Balfour Beatty: HSBC Holdings cuts target price from 285p to 260p, while staying with its neutral rating.Bankers Petroleum: Goldman Sachs ups target price from 348p to 390p, while downgrading from neutral to buy.BHP Billiton: Deutsche Bank takes target price from 2316p to 2372p and reiterates its buy recommendation.Borders & Southern Petroleum: Goldman Sachs shifts target price from 41p to 47p and retains a buy recommendation.BowLeven: Goldman Sachs ups target price from 157p to 163p and leaves its buy recommendation unaltered.British Land: Espirito Santo moves target price from 603p to 627p, while maintaining a neutral rating.Cairn Energy: Goldman Sachs shifts target price from 382p to 390p and reiterates its neutral rating.Chariot Oil & Gas: Goldman Sachs lowers target price from 45p to 43p keeping a neutral rating.Coastal Energy: Goldman Sachs increases target price from 1759p to 1843p upgrading from neutral to buy.Dairy Crest: Credit Suisse raises target price from 375p to 465p, while downgrading from neutral to underperform.De La Rue: Numis takes target price from 1009p to 1070p upgrading to add.Derwent London: Espirito Santo ups target price from 2422p to 2455p keeping a neutral rating.Dragon Oil: Goldman Sachs increases target price from 855p to 918p and retains a neutral rating.EnQuest: Goldman Sachs shifts target price from 186p to 187p keeping a neutral rating.Eurasian Natural Recources: UBS reduces target price from 320p to 285p, staying with its buy recommendation.Falkland Oil & Gas: Goldman Sachs cuts target price from 53p to 44p, while leaving its neutral rating unaltered.F&C Asset Management: Societe Generale moves target price from 107p to 115p upgrading to buy.Genel Energy: Goldman Sachs increases target price from 1212p to 1417p, while leaving its neutral rating unaltered.GKN: UBS takes target price from 275p to 350p and retains a buy recommendation.Great Eastern Energy: Goldman Sachs ups target price from 707p to 798p and reiterates a buy recommendation.Great Portland Group: Espirito Santo raises target price from 507p to 603p and upgrades to buy.Green Dragon Gas: Goldman Sachs cuts target price from 673p to 604p, while keeping its buy recommendation.Gulf Keystone Petroleum: Goldman Sachs reduces target price from 292p to 258p, while upgrading from neutral to buy.Hammerson: Espirito Santo moves target price from 533p to 545p and stays with its neutral rating.Heritage Oil: Goldman Sachs cuts target price from 341p to 333p, while upgrading from neutral to buy.HSBC Holdings: Goldman Sachs moves target price from 940p to 950p reiterating its buy recommendation.ICAP: JP Morgan lowers target price from 355p to 344p, while retaining a neutral rating.IGas Energy: Goldman Sachs increases target price from 146p to 202p and upgrades from neutral to buy.IG Group: Investec takes target price from 560p to 700p staying with its buy recommendation.Intu Properties: Espirito Santo shifts target price from 295p to 298p and leaves its sell recommendation unaltered.ITE Group: Goldman Sachs ups target price from 365p to 380p, but downgrades from a strong buy recommendation to buy.Land Securities: Espirito Santo raises target price from 800p to 933p, while its neutral rating remains unchanged.London Stock Exchange Group: JP Morgan ups target price from 1233p to 1244p keeping an underweight rating.MITIE Group: HSBC Holdings reduces target price from 280p to 260p and leaves its neutral rating unchanged.Northern Petroleum: Goldman Sachs shifts target price from 110p to 117p and retains a strong buy rating.Ophir Energy: Goldman Sachs cuts target price from 744p to 631p, while staying with its buy recommendation.Pennon Group: Societe Generale ups target price from 682p to 695p reiterating a hold recommendation.Phoenix IT Group: N+1 Singer moves target price from 145p to 150p and upgrades to hold.Premier Oil: Goldman Sachs cuts target price from 579p to 567p maintaining a buy recommendation.Record: JP Morgan shifts target price from 44p to 45p and keeps an overweight rating.Rockhopper Exploration: Goldman Sachs raises target price from 444p to 466p and stays with its buy recommendation.Salamander Energy: Goldman Sachs shifts target price from 391p to 397p staying with a strong buy recommendation.Segro: Espirito Santo takes target price from 250p to 290p and retains a neutral rating.Sepura: Liberum Capital moves target price from 115p to 130p leaving its buy recommendation unchanged. Investec ups target price from 115p to 130p and keeps a buy recommendation.Serco Group: HSBC Holdings downgrades to underweight with a target price of 590p.Serica Energy: Goldman Sachs shifts target price from 53p to 58p and maintains a strong buy recommendation.Shaftesbury: Espirito Santo increases target price from 561p to 614p maintaining its neutral rating.Smiths Group: Citi raises target price from 1020p to 1270p, but still recommends selling. HSBC Holdings increases target price from 1400p to 1550p reiterating an overweight rating.SOCO International: Goldman Sachs reduces target price from 539p to 461p and keeps a neutral rating.Spirax-Sarco Engineering: Investec raises target price from 2600p to 2800p maintaining a hold recommendation.Sula Iron and Gold: Northland Capital initiates with a target price of 6.70p and a buy recommendation.Tower Resources: Goldman Sachs lowers target price from 7.30p to 6.20p, while keeping its buy recommendation.United Utilities: Societe Generale cuts target price from 796p to 773p and downgrades to hold.WYG: N+1 Singer shifts target price from 85p to 90p keeping a buy recommendation.
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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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