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Monday broker round-up UPDATE

Mon, 04th Aug 2014 10:10

Afren: Canaccord Genuity reinstates with a target price of 120p and a hold recommendation.Bodycote: N+1 Singer cuts target price from 850p to 835p, while staying with its buy recommendation.BT Group: Berenberg moves target price from 460p to 475p and maintains a buy recommendation. Espirito Santo ups target price from 455p to 480p and reiterates a buy recommendation.Devro: N+1 Singer ups target price from 211p to 257p keeping a hold recommendation.Direct Line Group: Canaccord Genuity ups target price from 275p to 305p and keeps a buy recommendation. Credit Suisse increases target price from 277p to 305p and leaves its neutral rating unaltered.Elementis: Jefferies lowers target price from 314p to 300p keeping its buy recommendation.European Islamic Investment Bank: Westhouse Securities places both its target price (prev.: 350p) and its buy recommendation under review.e2v technologies: Investec moves target price from 215p to 225p keeping a buy recommendation.Fidessa: Numis upgrades from add to buy with a target price of 2720p.First Quantum Minerals: Numis raises target price from 1300p to 1500p, while downgrading from add to hold.Genel Energy: UBS cuts target price from 1120p to 1100p and downgrades from buy to neutral.Glencore Xstrata: Bank of America downgrades to underperform with a target price if 320p.Hiscox: Berenberg reduces target price from 706p to 683p, while leaving its hold recommendation unchanged.JKX Oil & Gas: Oriel lowers target price from 110p to 100p keeping a buy recommendation.Jupiter Fund Management: Berenberg reduces target price from 430p to 390p and retains a hold recommendation.Kazakhmys: Canaccord Genuity ups target price from 265p to 295p, but still recommends selling.Man Group: Citi shifts target price from 111p to 112p and maintains a neutral rating. Canaccord Genuity places its target price under review, while leaving its buy recommendation unchanged. Numis shifts target price from 74p to 75p and keeps a sell recommendation.New World Resources: Citi upgrades from sell to neutral, while placing its target price under review.PZ Cussons: Numis ups target price from 352p to 386p retaining a hold recommendation.Renew Holdings: WH Ireland ups target price from 335p to 360p and maintains a buy recommendation. Numis upgrades from add to buy with a target price of 280p.River & Mercantile: Numis initiates with a target price of 235p and an add rating.Royal Dutch Shell: Credit Suisse raises target price from 2600p to 2700p and stays with its outperform rating.Senior: Investec places both its target price (prev.: 290p) and its add rating under review.Spectris: N+1 Singer reduces target price from 2300p to 2050p and maintains a hold recommendation.Smith & Nephew: Credit Suisse raises target price from 890p to 945p and keeps a neutral rating.TSB Banking Group: UBS initiates with a target price of 330p and a buy recommendation.UBM: Nomura cuts target price from 720p to 670p reiterating a neutral rating. Berenberg reduces target price from 720p to 670p staying with its hold recommendation.Vesuvius: Morgan Stanley shifts target price from 420p to 426p maintaining an underweight rating.Zoopla Property Group: Canaccord Genuity initiates with a target price of 271p and a hold recommendation.
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23 Nov 2021 09:15

UPDATE 1-Shell halves Singapore refining capacity, to change chemical feedstock

* Pulau Bukom refinery capacity cut by half* Shell tests pyrolysis oil, bionaphtha feedstock* Company considers carbon capture, biofuels (Recasts, adds detail, quotes)By Florence TanSINGAPORE, Nov 23 (Reuters) - Royal Dutch Shell has halved https:/...

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21 Nov 2021 19:52

UPDATE 2-NZ's Meridian Energy sells Australia unit for $528 mln to Shell-consortium

(Adds comment from Shell paras 5,6)Nov 22 (Reuters) - Meridian Energy on Monday said it agreed to sell its Australian energy business for A$729 million ($527.80 million) to a consortium of global energy giant Royal Dutch Shell and Australian inves...

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21 Nov 2021 19:52

UPDATE 1-NZ's Meridian Energy sells Australia unit for $528 mln to Shell-consortium

(Adds detail on deal, quote)Nov 22 (Reuters) - Meridian Energy on Monday said it agreed to sell its Australian energy business for A$729 million ($527.80 million) to a consortium of global energy giant Royal Dutch Shell and Australian investment m...

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21 Nov 2021 19:36

NZ's Meridian Energy sells Australia energy unit for $528 mln to Shell-consortium

Nov 22 (Reuters) - Meridian Energy on Monday said it agreed to sell its Australian energy business for A$729 million ($527.80 million) to global energy giant Royal Dutch Shell and Australian investment manager Infrastructure Capital Group.The agr...

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19 Nov 2021 09:48

UPDATE 2-British shares log weekly loss as commodity, travel stocks weigh

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Travel stocks slammed by lockdown fears* UK retail sales rise by 0.8% in October* Kingfisher slips as Q3 sales drop* FTSE 100 down 0.5%, FT...

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19 Nov 2021 07:48

REFILE-UPDATE 1-Ryanair drops London listing, citing costs

(Fixes headline)DUBLIN, Nov 19 (Reuters) - Ryanair gave notice on Friday of its intention to delist from the London Stock Exchange next month, saying the volume of trading did not justify the costs related to retaining an additional listing.The ...

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19 Nov 2021 07:48

UPDATE 1-Ryanair drops London Stock Exchange, citing dual listing costs

(Adds details)DUBLIN, Nov 19 (Reuters) - Ryanair gave notice on Friday of its intention to delist from the London Stock Exchange next month, saying the volume of trading did not justify the costs related to retaining an additional listing.The Ir...

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18 Nov 2021 16:15

UPDATE 1-Oil shares dip as Asian nations consider releasing oil reserves

(New throughout, updates prices, market activity and comments)By Danilo MasoniMILAN, Nov 18 (Reuters) - Shares in oil companies fell on Thursday as plans by the world's top consuming nations to release strategic reserves sent crude prices to multi-...

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18 Nov 2021 13:39

Oil shares dip as Asian nations consider releasing oil reserves

By Danilo MasoniMILAN, Nov 18 (Reuters) - Shares in oil companies fell on Thursday as plans by the world's top consuming nations to release strategic reserves sent crude prices to multi-week lows, curbing enthusiasm for one of the best performing ...

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18 Nov 2021 13:16

Shell acquires 51% stake in Irish floating offshore wind project

LONDON, Nov 18 (Reuters) - Royal Dutch Shell said on Thursday it had acquired a 51% stake in an floating wind project off the west coast of Ireland aiming to develop up to 1.35 gigawatt in electricity capacity.Shell bought the stake in the Western...

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18 Nov 2021 12:50

GLOBAL MARKETS-Stocks shine once again, Turkey's lira plunges on rate cut

* Brent crude under pressure at $80* Turkish currency drops as cenbank cuts rates* Dollar, stocks pause after hot November so far* European gas prices consolidate 60% surge this month* Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn* Graph...

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18 Nov 2021 12:10

LONDON MARKET MIDDAY: FTSE left behind as CAC and DAX hit records

LONDON MARKET MIDDAY: FTSE left behind as CAC and DAX hit records

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17 Nov 2021 16:02

UPDATE 2-U.S. Gulf of Mexico auction attracts pent up demand from oil drillers

(Adds sale results)By Nichola GroomNov 17 (Reuters) - The Biden administration's auction of oil drilling rights in the U.S. Gulf of Mexico generated more than $190 million in high bids, bringing in more money for taxpayers than any government offs...

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17 Nov 2021 16:02

UPDATE 1-U.S. offshore oil auction begins under court order, shadow of climate deal

(New throughout, adds statistics released prior to the sale, details on bidders)By Nichola GroomNov 17 (Reuters) - The Biden administration on Wednesday kicked off an auction of oil drilling rights to 80 million acres in the U.S. Gulf of Mexico da...

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17 Nov 2021 16:02

UPDATE 3-Chevron, Exxon are among top spenders at Biden offshore auction

(Recasts, adds industry and environmentalist comments, details from sale, Biden FTC letter)By Nichola GroomNov 17 (Reuters) - U.S. oil majors Exxon Mobil Corp and Chevron Corp were among the top buyers at a federal auction of oil leases in the U.S...

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