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Thursday broker round-up UPDATE

Thu, 30th Oct 2014 08:36

Afren: Deutsche Bank cuts target price from 130p to 110p retaining its hold recommendation.Antofagasta: JP Morgan lowers target price from 760p to 755p and reiterates a neutral rating. Investec lowers target price from 717p to 704p and keeps a hold recommendation.Balfour Beatty: Jefferies cuts target price from 164p to 115p, downgrading to underperform.Cairn Energy: Deutsche Bank cuts target price from 210p to 185p and stays with its hold recommendation.Coal of Africa: Investec lowers target price from 9p to 6p, retaining its buy recommendation.Capita Group: JP Morgan reduces target price from 1315p to 1255p, maintaining an overweight rating. HSBC reduces target price from 1340p to 1260p and reiterates an overweight rating.Coca-Cola HBC: JP Morgan reduces target price from 1640p to 1500p and retains an overweight rating.Genel Energy: Deutsche Bank reduces target price from 1120p to 1000p, maintaining a buy recommendation.Gulf Keystone Petroleum: Deutsche Bank lowers target price from 100p to 85p, while keeping its buy recommendation.Imagination Technologies: Numis cuts target price from 200p to 170p, downgrading from hold to reduce.Kazakhmys: Westhouse upgrades from sell to neutral with a target price of 220p.Mothercare: Numis upgrades from hold to add with a target price of 200p.National Express: Investec cuts target price from 276p to 250p and retains a hold recommendation.Next: Citi reduces target price 7900p to 7300p and reiterates a buy recommendation. HSBC upgrades to overweight with a target price of 7350p.Pearson: Credit Suisse raises target price from 1260p to 1370p and maintains an outperform rating.Premier Oil: Deutsche Bank reduces target price from 420p to 335p and keeps a buy recommendation.Royal Dutch Shell: Charles Stanley upgrades to buy.Stagecoach: HSBC ups target price from 420p to 440p and keeps its overweight rating.Standard Life: Deutsche Bank lowers target price from 455p to 445p and leaves its buy recommendation unchanged.Synthomer: HSBC lowers target price from 230p to 220p and stays with its neutral rating.Tullow Oil: Deutsche Bank reduces target price from 790p to 650p and reiterates a hold recommendation.William Hill: Credit Suisse ups target price from 370p to 390p and leaves its outperform rating.
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27 Oct 2021 16:57

UPDATE 2-Third Point takes big stake in Shell, urges breakup - WSJ

(Adds background on Shell, rivals' plans to spin off renewables businesses)Oct 27 (Reuters) - Activist investor Daniel Loeb's Third Point took a large stake in Royal Dutch Shell and has urged the European oil major to split into two separate comp...

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27 Oct 2021 16:38

Peru's finance minister says no plans to nationalize gas sector after all

LIMA, Oct 27 (Reuters) - Peru's finance minister said on Wednesday the country's leftist government has no plans to take over the natural gas industry, in an attempt to calm fears after President Pedro Castillo talked about nationalization earlier...

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27 Oct 2021 16:33

Shell declares force majeure on Nigerian Bonny Light crude loadings

LONDON, Oct 27 (Reuters) - Royal Dutch Shell's subsidiary in Nigeria SPDC declared force majeure on Bonny Light crude oil loadings as of Monday, after the shutdown of a key pipeline, a spokesperson said on Wednesday.“(SPDC) has declared a Force Ma...

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27 Oct 2021 10:10

UPDATE 2-FTSE 100 slips, midcaps gain after UK growth forecast lifted

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Bloomsbury jumps on dividend raise* Sunak upgrades UK growth forecast* Pub operators gain as alcohol duty scrapped* FTSE 100 down 0.3%, FTS...

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27 Oct 2021 10:10

UPDATE 3-FTSE 100 slips, midcaps gain after UK growth forecast lifted

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Bloomsbury jumps on dividend raise* Sunak upgrades UK growth forecast* Pub operators gain as alcohol duty scrapped* FTSE 100 down 0.3%, FTS...

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27 Oct 2021 05:57

UPDATE 5-Equinor Q3 surges on gas and derivatives, boosts share buybacks

* Profit before tax $9.77 bln vs forecast $8.4 bln* Benefits from soaring gas prices in Europe* Boosts share buyback plan* Earnings boost from derivatives will be reversed later (Adds detail, analyst, updates share)By Nerijus Adomaitis and Nora Buli...

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26 Oct 2021 13:09

Russia's Bonum says it would support forestry firm Segezha in London listing

By Katya Golubkova and Tatiana VoronovaMOSCOW, Oct 26 (Reuters) - Segezha shareholder Bonum Capital would support the forestry group seeking a London listing, the founder of the Russia-focused investment firm said, anticipating a timber industry b...

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26 Oct 2021 00:30

Peru's Castillo urges Congress to draft bill to nationalize gas sector

By Marcelo Rochabrun and Marco AquinoLIMA, Oct 25 (Reuters) - Peru's socialist president, Pedro Castillo, urged Congress on Monday to draft a bill for the "nationalization" of Peru's natural gas sector, undoing previous statements in which he said...

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25 Oct 2021 17:05

LONDON MARKET CLOSE: HSBC and oil majors help FTSE 100 start week well

LONDON MARKET CLOSE: HSBC and oil majors help FTSE 100 start week well

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25 Oct 2021 12:32

UK petrol prices hit record highs as Brent crude reaches $86

(Sharecast News) - UK petrol prices hit a new record high in the UK as global oil prices continue to soar, placing further inflationary pressure on hard-pressed Britons already struggling with surging energy costs and a tax rise.

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25 Oct 2021 12:20

LONDON MARKET MIDDAY: Stocks rise as investors await US tech earnings

LONDON MARKET MIDDAY: Stocks rise as investors await US tech earnings

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25 Oct 2021 10:03

UPDATE 2-FTSE 100 ends higher on oil, mining boost; HSBC hits 4-month high

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* HSBC reports better-than-expected results* Darktrace slumps on brokerage initiating 'sell' coverage* Inflation pressure from energy prices ...

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25 Oct 2021 09:36

LONDON BROKER RATINGS: Citi downgrades Carnival; Stifel raises easyJet

LONDON BROKER RATINGS: Citi downgrades Carnival; Stifel raises easyJet

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25 Oct 2021 09:01

LONDON MARKET OPEN: Oil majors lift FTSE 100; Plus500 rises on outlook

LONDON MARKET OPEN: Oil majors lift FTSE 100; Plus500 rises on outlook

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25 Oct 2021 08:09

LONDON BRIEFING: HSBC profit tops expectations, surprises with buyback

LONDON BRIEFING: HSBC profit tops expectations, surprises with buyback

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