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Wednesday broker round-up

Wed, 27th Jun 2012 09:20

Alliance Pharma: Investec downgrades from buy to hold, target slashed from 34p to 25p.APR Energy: Credit Suisse keeps outperform rating and 1,300p target.Aviva: Jefferies downgrades from buy to hold, target cut from 386p to 281p.Avanti Comms: Jefferies retains buy rating and 600p target.British Sky Broadcasting: Investec maintains hold rating and 680p target.Bunzl: Investec keeps hold rating and 1,025p target.Carpetright: Oriel Securities upgrades to hold, target lifted from 400p to 650p.F&C Asset Management: Jefferies initiates with buy recommendation and 120p target.Halma: JP Morgan Cazenove downgrades to neutral.ITV: Investec keeps sell rating and 60p target.Logica: Panmure Gordon downgrades to hold, target left at 117[.Northgate: Jefferies keeps buy recommendation and 300p target.Rotork: Credit Suisse keeps outperform rating and 2,200p target.Safestore: Investec puts buy rating and 130p target under review.Serco: Jefferies maintains buy rating and 655p target; BarCap downgrades to equal weight, target cut from 600p to 560p.Standard Chartered: Investec reiterates buy recommendation and 1,800p target; Nomura keeps buy rating and 1,800p target.Walker Greenbank: Merchant Securities maintains buy rating.Wood Group: Credit Suisse keeps outperform rating and 925p target.Yule Catto & Co: N+1 Brewin downgrades to reduce, target cut from 255p to 160p.BC
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17 Apr 2012 07:12

Walker Greenbank on a roll as international demand grows

Luxury interior furnishings group Walker Greenbank unveiled a solid set of full year results, helped by a strong international performance, and is confident for the year ahead. Sales in the first eleven weeks of the current year rose 7% from the same period last year as demand for its expanding ran

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19 Mar 2012 09:39

Walker Greenbank lining its pockets with Barbour linings

Ever wanted to match your handbag to the sofa? Well, a deal between the luxury furniture maker Walker Greenbank and Barbour may be of interest. Barbour has ordered two arts and crafts fabric designs from Walker, called "Strawberry Thief" and "Marigold". The fabrics will be used as lining for Barb

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5 Oct 2011 06:57

Wednesday tips round-up: Carillion, Hamworthy, Heritage Oil...

Carillion, which bought Eaga, the home insulation and green energy business, in the spring, has now raised its estimate for annualised cost savings from £9 million to £15 million, notes the Tempus column in the Times. Carillion, like its rival support services group Kier, is now seeing the promised,

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4 Oct 2011 08:25

UPDATE: Tuesday broker round-up

BHP Billiton: Citi reiterates buy and keeps target at 2,405p. BHP Billiton: Credit Suisse upgrades to outperform from neutral; cuts target to 2,800p from 3,160p. Anglo American: Credit Suisse downgrades to neutral from overperform. Lonmin: Credit Suisse downgrades to underweight from neutral. S

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3 Aug 2011 07:14

Walker Greenbank still set for robust year

Interior furnishings firm Walker Greenbank said it has performed particularly well during the last six months and is trading ahead of company forecasts. The Buckinghamshire-based group, which makes branded paints, bed linen, furniture and carpets, said turnover increased 11% in the six months ended

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1 Feb 2011 16:51

London close: FTSE 100 soars as Egypt worries ease

Well-received company updates, strong economic figures here and elsewhere and an easing of worries related to the situation in Egypt helped UK shares to strong gains. Miners led the advance, after strong growth in manufacturing in commodity hungry China in January. The UK, eurozone and US also had

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1 Feb 2011 14:15

London afternoon: Miners and techs in demand

Shares added to the morning's gains over the lunchtime session, buoyed by the prospect of a firm start on Wall Street. Miners lead the advance, after strong growth in Chinese manufacturing in January, though technology stocks are also in demand. Mining giant Xstrata produced more coking coal, sem

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1 Feb 2011 08:26

Walker Greenbank poised for bumper FY

Luxury interior furnishings group Walker Greenbank said adjusted pre-tax profits for the full year are expected to be no less than £4.9m, comfortably ahead of the top range of analyst forecasts. The group, whose brands include Sanderson, Morris & Co., Harlequin and Zoffany, said it had seen strong

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29 Nov 2010 16:45

London close: Shares slump as eurozone saga continues

The leading share index closed with triple-digit losses Monday as jitters over the eurozone debt situation continued to plague the markets. Financial markets are still betting either Portugal, Spain, or both, will need a rescue deal similar to the €85bn Irish bail-out, rubber-stamped over the weeke

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29 Nov 2010 14:18

London afternoon: Euro-zone fears resurface

Thoughts that the euro-zone boil had been lanced by the agreement of a bail-out package for Ireland have proved premature, with rising Spanish bond yields suggesting that the prospect of Spain being the recipient of an EU/IMF aid package cannot be ruled out. An underwhelming response to the latest

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29 Nov 2010 12:30

London midday: Footsie deep in the red after reversal

The leading share index is now firmly in the red after giving up the strong gains it was posting this morning. Markets remain jittery over the eurozone debt crisis. The euro hit new lows against a basket of currencies this morning, despite claims by European politicians that the €85bn Irish bail-o

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29 Nov 2010 08:54

London open: Banks lead market higher

UK shares have made a bright start to the week led by the banks after Ireland signed up to the EU/IMF bail-out at the weekend. Royal Bank of Scotland is the best performer. It has the largest exposure of the UK banks to Ireland. Lloyds, Barclays and HSBC are all going well. Bank of Ireland, meanwh

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29 Nov 2010 07:19

Walker Greenbank set for forecast busting FY

Luxury interior furnishings group Walker Greenbank said full year pre-tax profits are expected to be materially ahead of market forecasts after a robust autumn period. The group, whose brands include Sanderson, Morris & Co., Harlequin and Zoffany, said, "During the past few weeks, the company's bra

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26 Oct 2010 12:43

Sector movers: ARM slump dents tech index

Big losses at ARM Holdings savaged Technology Hardware & Equipment on Tuesday. ARM shares slumped 7% despite a big increase in both sales and income as brokers think the share price has got ahead of itself and is due a correction. KBC Peel Hunt told its clients take profits and Panmure Gordon keep

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14 Oct 2010 06:29

Thursday tips round-up: Fresnillo, Antofagasta, Bodycote

Fresnillo, the Mexican company that is the world's biggest producer of silver, expects to top earlier forecasts of gold and silver production this year after a strong third quarter in which production of both metals was running at record levels. A note from Liberum yesterday points out that Fresnil

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