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Tuesday broker round-up UPDATE

Tue, 25th Jun 2013 07:24

African Barrick Gold: Morgan Stanley reduces target price from 200p to 140p, while leaving its equal-weight rating unaltered. Deutsche Bank lowers target price from 153p to 137p leaving its hold recommendation unchanged.African Minerals: Deutsche Bank lowers target price from 586p to 570p, while keeping its buy recommendation.Anglo American: Morgan Stanley cuts target price from 1960p to 1610p reiterating an equal-weight rating. Deutsche Bank reduces target price from 2170p to 1950p and maintains a buy recommendation.Antofagasta: Morgan Stanley reduces target price from 880p to 830p retaining an underweight rating. Deutsche Bank lowers target price from 1110p to 1069p, while its hold recommendation remains unchanged.ARM Holdings: Investec ups target price from 955p to 1000p upgrading from hold to buy.Aquarius Platinum: Panmure Gordon increases target price from 100p to 112p and maintains a buy recommendation.Berkeley Group: JP Morgan ups target price from 2150p to 2170p and reiterates an overweight rating.BHP Billiton: Morgan Stanley reduces target price from 2120p to 2000p and retains an overweight rating. UBS moves target price from 2470p to 2510p and reiterates a buy recommendation. Deutsche Bank lowers target price from 2372p to 2300p keeping a buy recommendation.bwin.party: Canaccord Genuity reduces target price from 155p to 141p and keeps a hold recommendation.Consort Medical: Numis downgrades to add with a target price of 940p.Crest Nicholson Holdings: HSBC Holdings takes target price from 360p to 395p, upgrading to overweight.Cropper: Westhouse Securities increases target price from 260p to 300p and upgrades from add to buy.Eurasian Natural Resources: Exane takes target price from 320p to 230p and retains a neutral rating.Ferrexpo: Deutsche Bank shifts target price from 361p to 355p, while not changing its buy recommendation.First Quantum Minerals: Morgan Stanley moves target price from 1300p to 1250p staying with its overweight rating.Fresnillo: Citi upgrades from sell to neutral with a target price of 1016p. Deutsche Bank reduces target price from 1120p to 971p, while staying with its hold recommendation.Genus: N+1 Singer upgrades to hold with a target price of 1348p.Glencore: Morgan Stanley reduces target price from 350p to 309p maintaining an equal-weight rating. UBS lowers target price from 450p to 430p and stays with its buy recommendation. Deutsche Bank moves target price from 399p to 382p, while its buy recommendation remains unaltered.HSBC Holdings: Deutsche Bank upgrades to buy with an unchanged target price of 750p.Inchcape: Exane ups target price from 600p to 630p and maintains an outperform rating.Kazakhmys: Exane reduces target price from 390p to 250p staying with its neutral rating. Morgan Stanley lowers target price from 300p to 270p and keeps an underweight rating. UBS reduces target price from 385p to 275p leaving its neutral rating unaltered. Deutsche Bank takes target price from 567p to 435p and maintains a hold recommendation.Lloyds Banking Group: Deustche Bank shifts target price from 64p to 72p and retains a buy recommendation.Lonmin: Morgan Stanley cuts target price from 385p to 350p, while upgrading to overweight.Micro Focus: UBS moves target price from 675p to 685p keeping a neutral rating.Millennium & Copthorne Hotels: Morgan Stanley downgrades to equal-weight with a target price of 640p.New World Resources: Morgan Stanley cuts target price from 190p to 60p, while leaving its equal-weight rating unchanged.Northgate: Numis upgrades to add with its target price at 400p.Oxford Instruments: UBS reduces target price from 1750p to 1600p, while leaving its buy recommendation unchanged.Randgold Resources: Morgan Stanley revises target price from 5500p to 4600p, while staying with its overweight rating. Deutsche Bank revises target price from 5460p to 4936p, while its buy recommendation is kept.Rio Tinto: Morgan Stanley takes target price from 3760p to 3590p and maintains an equal-weight rating. UBS ups target price from 4550p to 4690p retaining a buy recommendation. Deutsche Bank raises target price from 4467p to 4490p keeping a buy recommendation.Royal Dutch Shell: Exane upgrades to neutral with a target price of 2350p.Spirit Pub: Nomura shifts target price from 37p to 42p keeping a reduce rating.Vedanta Resources: Morgan Stanley reduces target price from 1260p to 1140p, while reiterating an equal-weight rating. Deutsche Bank cuts target price from 1344p to 1117p, while leaving its buy recommendation unchanged.Vodafone Group: Nomura raises target price from 195p to 230p and upgrades from neutral to buy.
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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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