Latest News
Broker tips: Admiral Group, William Hill, Laird
Motor insurance company Admiral Group looks overvalued compared to peers, RBC Capital Markets said on Thursday as it reiterated an ‘underperform’ rating and cut its target price to 1,600p from 1,625p.
Canaccord sees Telit Comunications bounce-back in US during second half
Analysts at Berenberg bumped up their target price for shares of Telit Communications after the company obtained certification for its LET Cat-1 solution in the US.
Eurozone current account surplus increases to 3.3% of GDP in June
The euro area´s surplus in its commercial and financial exchanges with the rest of the world increased in June.
Supermarket prices rebound in July as UBS see Asda and Sainsbury markups
Good news for big supermarkets but less so for consumers was unearthed by UBS, which has found the price-cutting pressure on the industry had eased because Asda has been less energetic in its price cutting than has been widely expected.
RBC reiterates 'underperform' on Admiral Group
Motor insurance company Admiral Group looks overvalued compared to peers, RBC Capital Markets said on Thursday as it reiterated an ‘underperform’ rating and cut its target price to 1,600p from 1,625p.
US pre-open: Stocks seen flat ahead of jobless claims, Philly Fed
US futures pointed to a steady open on Wall Street, where investors were likely to continue mulling over the latest minutes from the Federal Reserve as they eyed the release of jobless claims data and the Philadelphia Fed survey.
William Hill merger with 888 and Rank unlikely to happen, says Berenberg
William Hill’s shares fell on Thursday as Berenberg reiterated a ‘sell’ rating on the stock, saying a takeover by 888 Holdings and Rank Group for the company is unlikely to materialise.
Eurozone July inflation confirmed at 0.2%
Annual inflation in the eurozone was confirmed at 0. 2% for July, according to data released by Eurostat.
Unemployment Down Under unexpectedly drops in July, sending Aussie higher
Australia´s job market continued to be trundle along, the latest government data revealed, potentially eliminating the case for lower interest rates Down Under in 2016 even, although the details of the same report were far weaker than the headlines would suggest, according to some economists.
Thursday broker round-up
Admiral Group: RBC reiterates underperform with a target price of 1600p.
UK retail sales rebound strongly in July, ONS data shows
UK retail sales bounced back strongly in July, according to official data released on Thursday, sending sterling surging higher.
Japanese exports fall for tenth consecutive month in July
Japanese exports shrank at their quickest pace since the Great Financial Crisis against a backdrop of weak demand overseas and a stronger currency, prompting aggressive rhetoric from government officials against undue strength in the country´s currency.
Evraz's revenue falls due to low steel prices and demand
Russian steel miner Evraz’s half-year revenue fell due to weak steel prices and low demand but remains “cautiously optimistic” for the second half of the year.
Asia: Stocks mixed as Fed minutes show indecision over interest rate hike
Asia stocks were mixed on Thursday as the minutes from the Federal Reserve’s last meeting showed policymakers were divided over the timing of the next interest rate hike.
Ofgem proposes £185.4m cuts to National Grid allowances
Energy regulator Ofgem on Thursday put forward proposals to reduce National Grid’s allowances by £185. 4m.
Kaz Minerals first-half profit up, Bozshakol project on track
Kaz Minerals surged on Thursday as it reported a rise in first-half earnings and said its new Bozshakol project is on track for commercial output in the second half.
French unemployment surprises to the downside in the second quarter
Unemployment in France neared a four-year low in the second quarter, potentially helping French president Francois Hollande to meet his pledge to slash the number of people who were out of work ahead of the upcoming elections.
Vestas Wind surges as Q2 beats views, lifts revenue guidance
Vetas Wind Systems surged on Thursday as its second-quarter results beat expectations and the Danish wind turbine manufacturer lifted its revenue guidance for the year.
Chinese home prices rise in fewer cities in July
The pace of new home prices gains in China remained at elevated levels in July, although some of the details of the data appeared to suggest that the beginning of a slowdown might be afoot, according to some analysts.
Berenberg starts Laird at 'sell'
Laird was under the cosh on Thursday as Berenberg initiated coverage of the stock at ‘sell’ with a 230p price target following the company’s first-half results.