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Friday broker round-up

Fri, 26th Oct 2012 10:00

African Barrick Gold: Investec cuts target from 530p to 526p, hold rating kept.APR Energy: UBS cuts target from 600p to 530p, sell rating unchanged; Jefferies cuts target from 850p to 625p, hold rating kept.ASOS: Deutsche Bank downgrades to hold; Nomura ups target from 1,930p to 2,000p, neutral rating kept.Barratt Developments: Panmure Gordon downgrades to hold, 190p target kept.Berendsen: Panmure Gordon downgrades to hold, 582p target kept; Investec lifts target from 570p to 595p, buy rating kept; Chariot Oil & Gas: Merchant Securities keeps hold rating.Debenhams: Exane BNP Paribas downgrades to neutral, target lifted from 110p to 120p; Societe Generale upgrades to buy, target lifted from 105p to 133p; Nomura ups target from 105p to 120p, neutral rating kept.Drax: Societe General upgrades to hold, target lifted from 498p to 527p; Bank of America ML upgrades to buy, target lifted from 510p to 660p.Elementis: Numis downgrades to hold, target cut from 231p to 220p.GKN: Jefferies keeps buy rating and 275p target.Hargreaves Lansdown: HSBC initiates coverage with underweight rating.Johnson Matthey: Numis downgrades to hold, target cut from 2,467p to 2,369p.Laird: Investec cuts target from 225p to 220p, hold rating kept.Pearson: Investec keeps hold rating and 1,240p target.Providence Resource: Numis downgrades to hold.Provident Financial: RBC Capital Market upgrades to outperform, target lifted from 1,400p to 1,600p.Senior: Investec cuts target from 225p to 215p, buy rating kept.Taylor Wimpey: Panmure Gordon downgrades to hold, 58p target kept.Valiant Petroleum: N+1 Singer downgrades to sell, 414p target kept.WPP: Nomura cuts target from 1,030p to 980p, buy rating kept.Zoteoams: N+1 Singer downgrades to hold, 200p target retained; Investec raises target from 192p to 240p, buy rating kept.BC
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16 Jun 2014 10:37

Providence Resources Gets USD24 Million Debt Facility From Melody Business

LONDON (Alliance News) - Providence Resources PLC Monday said it has entered into a USD24 million debt facility with US-based lender Melody Business LLC. The Irish oil and gas explorations and appraisal company said it will use the proceeds from the debt facility for general working capital

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17 Apr 2014 07:24

UK MORNING BRIEFING: Diageo Sales Dip On Emerging Market Hit

LONDON (Alliance News) - Spirits and alcoholic beverage giant Diageo Thursday reported another dip in sales in the third quarter due to further volume declines and weaker Emerging Markets. The world's largest spirits producer, and a major producer of beer and wine, said that organic net sal

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15 Apr 2014 11:59

UK MIDDAY BRIEFING: Imperial Tobacco To Close Two European Factories

LONDON (Alliance News) - Imperial Tobacco Group Tuesday said it will close factories in Nottingham and in Nantes in France with the loss of up to 900 jobs, in response to the continuing downturn in European cigarette markets.

Companies including GKN, Aggreko and rec

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15 Apr 2014 10:51

UK WINNERS & LOSERS: Aggreko, GKN Lead FTSE 100 Risers

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Tuesday.

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FTSE 100 - WINNERS

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Aggreko, up 2%. The temporary power supplier is a big gainer after the

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15 Apr 2014 10:20

Providence Resources Confirms Discussions Over Barryroe Oil Field

LONDON (Alliance News) - Providence Resources PLC Tuesday confirmed that it is in commercial discussions with a number of interested third parties in relation to the development of its Barryroe oil field. The Irish oil and gas exploration and development company said it was confirming the t

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24 Feb 2014 11:00

Providence Resources To Buy Data From Summer 3D Seismic Survey

LONDON (Alliance News) - Providence Resources PLC Monday said a major new 3D seismic programme will start offshore southeast Ireland this summer that will take in the company's Drombeg license. In a statement, Providence, which is the operator of Dromberg and has an 80% stake, said Polarcus

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18 Feb 2014 12:41

UK MIDDAY BRIEFING: Inflation Below Target For First Time In 4 Years

LONDON (Alliance News) - The UK's inflation rate has fallen below the Bank of England's 2% target for the first time in more than four years Tuesday, a decrease that will support governor Mark Carney's recent prediction that the bank's interest rate won't rise for some time to come.

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18 Feb 2014 11:50

UK WINNERS & LOSERS: Randgold, Goldstone Fall As Drilling Results Disappoint

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Tuesday. ------- FTSE 100 - WINNERS BHP Billiton, up 1.2%. The Anglo-Australian mining giant has reported an 83% increase in profit for the first half of fiscal

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18 Feb 2014 11:27

Providence Resources, Lansdowne Oil & Gas Get Barryroe Area Extension

LONDON (Alliance News) - Providence Resources PLC and Lansdowne Oil & Gas PLC Tuesday said the licence area at their Barryroe Oil Field has been increased after Providence was granted a 180 square kilometre increase in the extent of the standard exploration licence 1/11, which contains the site.<

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20 Jan 2014 13:20

Providence Resources Says No Material Change On Possible Barryroe Joint Venture

LONDON (Alliance News) - Providence Resources PLC Monday said there has been no material change to its ongoing discussions over selling part of its Barryroe oil field. The Irish oil and gas exploration and appraisal company made the release in response to media speculation that the Barryroe

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13 Nov 2013 14:19

Lansdowne, Enegi Welcome ABT Oil & Gas Farm Into Helvick Field

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