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Monday broker round-up UPDATE

Mon, 14th Oct 2013 08:46

Admiral Group: JP Morgan cuts target price from 1122p to 1022p maintaining an underweight rating.Balfour Beatty: Numis increases target price from 285p to 315p and stays with its add rating.Bankers Petroleum: Goldman Sachs takes target price from 365p to 379p and reiterates a buy recommendation.Barratt Developments: Bank of America ups target price from 365p to 400p and upgrades to buy.Bunzl: JP Morgan downgrades from overweight to neutral with a target price of 1520p.Capital & Regional: Numis shifts target price from 49p to 50p and keeps a buy recommendation.Centrica: HSBC cuts target price from 440p to 400p downgrading to neutral.Chemring Group: JP Morgan reduces target price from 325p to 260p and downgrades from overweight to neutral.Croda International: JP Morgan cuts target price from 2850p to 2450p and downgrades from overweight to neutral.Dixons Retail: Deutsche Bank shifts target price from 53p to 54p retaining its buy recommendation.Drax Group: HSBC reduces target price from 735p to 680p and keeps a neutral rating.Glencore Xstrata: Liberum Capital downgrades to hold.Great Eastern Energy Corporation: Goldman Sachs cuts target price from 773p to 744p, while leaving its buy recommendation unchanged.Gulf Keystone Petroleum: Goldman Sachs upgrades to buy with a target price of 283p.IQE: Liberum Capital downgrades to hold with a target price of 33p.Johnson Matthey: JP Morgan raises target price from 2800p to 4000p upgrading from neutral to overweight.Lok'n Store: Panmure Gordon raises target price from 137p to 211p and maintains a buy recommendation.Northern Petroleum: Goldman Sachs shifts target price from 69p to 68p and maintains its neutral rating.Petroceltic International: Goldman Sachs reduces target price from 303p to 287p and stays with its neutral rating.Publishing Technology: Westhouse Securities takes target price from 475p to 560p, but downgrades to add.Rockhopper Exploration: Goldman Sachs lowers target price from 326p to 316p, while upgrading to a strong buy recommendation.Royal Bank of Scotland: Bank of America cuts target price from 345p to 325p downgrading to underperform.SABMiller: Nomura reduces target price from 2800p to 2700p and keeps a reduce rating; Citi takes target price from 3550p to 3200p and downgrades from buy to neutral.Secure Trust Bank: Numis moves target price from 2065p to 2071p and reiterates a hold recommendation.SOCO International: Bank of America reduces target price from 536p to 420p and downgrades to neutral; Goldman Sachs moves target price from 453p to 461p maintaining a neutral rating.Software Radio Technology: Westhouse Securities shifts target price from 26p to 30p and keeps a neutral rating.SSE: JP Morgan cuts target price from 1220p to 1200p keeping its underweight rating; HSBC lowers target price from 1630p to 1610p and maintains its neutral rating.Travis Perkins: Bank of America raises target price from 1460p to 1900p upgrading to buy.
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2 May 2014 07:39

UK MORNING BRIEFING: Pfizer Ups Bid For AstraZeneca, Pitches Cameron

LONDON (Alliance News) - UK shares have opened flat to slightly higher Friday, as pharmaceuticals and banks continue  at the forefront.

Pfizer confirmed that it has made an increased offer for AstraZeneca PLC of GBP50 per share, in cash and Pfizer shares. Pfize

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29 Apr 2014 07:54

UPDATE 1-Carphone silent on Dixons talks as sales rise

(Adds detail, background, CEO comment) LONDON, April 29 (Reuters) - Carphone Warehouse, Europe's biggest independent mobile phone retailer currently in merger talks with Dixons Retail, reiterated full-year earnings guidance and posted a rise in fourth quarter revenue at its main CPW busines

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29 Apr 2014 06:02

Carphone silent on Dixons talks as sales rise

LONDON, April 29 (Reuters) - Carphone Warehouse, Europe's biggest independent mobile phone retailer currently in merger talks with Dixons Retail, reiterated full-year earnings guidance and posted a rise in fourth quarter revenue at its main CPW business. The firm's trading update on Tuesday

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14 Apr 2014 10:17

RPT-Fitch Withdraws Dixons Retail PLC's Short-term IDR

(Repeat for additional subscribers) April 14 (Reuters) - (The following statement was released by the rating agency) Fitch Ratings has affirmed Dixons Retail PLC's Short-term Issuer Default Rating (IDR) at 'B' and withdrawn the rating.Fitch has decided to discontinue the above rating,

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4 Apr 2014 16:59

London close: FTSE ends week on positive note as insurers rise

- US non-farm payrolls up 192,000 in March - UK car registrations rise to best level in a decade - Insurers recover after recent falls techMARK 2,770.41 -0.01% FTSE 100 6,695.55 +0.70% FTSE 250 16,433.67 +0.52% UK stocks ended the week on a buoyant note, although below the 6,700 level surpassed ea

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4 Apr 2014 15:26

FTSE 250 movers: Evraz lifted by sale completion, rising metal prices

Evraz was a strong riser after announcing that it has finalised the sale of its wholly-owned subsidiary Evraz Vitkovice Steel (EVS) to a group of investors for a gross consideration of 89m dollars. Rising metal prices also provided a lift. Man Group was given a leg up by JP Morgan after it moved i

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4 Apr 2014 11:33

London midday: Markets in positive mood ahead of US jobs data

- Expectations high for US non-farm payrolls - 200k increase expected in March, jobless rate seen lower - easyJet traffic grows, RBS appoints new CFO - Retailers fall, including Tesco and M&S techMARK 2,774.68 +0.14% FTSE 100 6,678.29 +0.44% FTSE 250 16,414.01 +0.40% UK stock markets were putting

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25 Mar 2014 15:41

Metro CEO ready to steer retailer through e-commerce challenge

* Strategy informed by early career at Daimler, Permira * Booming e-commerce shaking up retail * Shareholders claim need for more retail expertise * CEO's contract expires in 2015, says he enjoys job By Emma Thomasson and Matthias Inverardi FRANKFURT, March 25 (Reute

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24 Mar 2014 18:24

UPDATE 1-UK retailers Dixons and Carphone get extension to merger talks

* UK Takeover Panel gives Dixons, Carphone until May 19 * Sky News report says Phones4u could enter fray * Source says Dixons not in tie-up talks with Phones4u (Adds detail of report of possible Phones4u interest, shares) By James Davey LONDON, March 24 (Reuters) - Brita

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24 Mar 2014 13:52

FTSE 250 movers: Diploma falls on full-year outlook

Technical product firm Diploma was a big faller after it told investors its final results would be adversely affected by the appreciation of sterling. Broker Jefferies warned that currency headwinds will likely result in mid-single digit downgrades to earnings estimates for this year. Diploma, whi

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24 Mar 2014 13:15

UK MIDDAY BRIEFING: Centamin Soars As Production Beats Expectations

LONDON (Alliance News) - Metals and minerals producer Centamin is leading the FTSE 250 index Monday despite reporting a hit to pretax profit in 2013, due to a large exceptional cost, but a significant increase in revenue and production.

Centamin said pretax profit f

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24 Mar 2014 12:15

UK WINNERS & LOSERS: Barratt Falls On Return To FTSE 100, Downgrade

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

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FTSE 100 - LOSERS

Barratt Developments, down 2.1%. Following the quarterly FTSE review on Ma

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24 Mar 2014 11:26

TOP NEWS: Dixons And Carphone Warehouse Extend Merger Deadline

LONDON (Alliance News) - The following is a summary of top news stories Monday.
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COMPANIES
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Electronics retailer Dixons Retail PLC and mobile phone retailer Carphone Warehouse Group PLC said that the Tak

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24 Mar 2014 11:06

Carphone Warehouse and Dixons Retail extend merger talks - UPDATE

Carphone Warehouse and Dixons Retail have won extra time to thrash out a potential merger, but speculation has emerged that Carphone's rival Phones4u may make a counter-bid. Mobile phone retailer Carphone and Dixons, which owns electrical and computer retailers Currys and PC World, have asked Brita

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24 Mar 2014 10:23

Dixons Retail And Carphone Warehouse Extend Deadline To Merger Talks

LONDON (Alliance News) - Electronics retailer Dixons Retail PLC and mobile phone retailer Carphone Warehouse Group PLC said Monday that the Takeover Panel deadline for a possible merger has been extended to May 19. Shares in Dixons Retail and Carphone Warehouse shot higher on February 24 af

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