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FTSE 100 movers: Aggreko rises on upgrade
08-02-2013 15:22
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Temporary power and temperature controls firm Aggreko was higher today after HSBC upgraded the stock to 'neutral'. There was also some 'market chatter' speculating that Aggreko could be a bid target for ABB.
Engineering group Weir was also on the up after UBS raised its target price from 2,000p to 2,300p and reiterated its 'buy' rating on the stock. The broker cited positive read-across from recent results from sector peers Metso and Outotec.
Pushing IAG higher was the mounting speculation that a merger agreement could be fast approaching for bankrupt US carrier, American Airlines and US Airways.
Anglo American rose after HSBC upped its target price from 1,950p to 2,240p and upgraded it to overweight.
Water provider Severn Trent was lower after announcing that it has sold its Analytical Services division to Australian testing inspection and certification (TIC) group ALS for an undisclosed sum.
Imperial Tobacco was a top 10 faller after Investec downgraded the stock from 'buy' to 'hold', saying: "There is support from the valuation and the prospect of a takeout. But we don't think the latter is imminent enough and while IMT looks 'cheap', it doesn't look that cheap in the current Darwinian climate.
FTSE 100 - Risers
GKN (GKN) 254.50p +3.50%
International Consolidated Airlines Group SA (CDI) (IAG) 217.90p +3.17%
Old Mutual (OML) 191.30p +2.90%
Anglo American (AAL) 1,990.50p +2.76%
Aggreko (AGK) 1,597.00p +2.57%
Royal Bank of Scotland Group (RBS) 341.10p +2.46%
Weir Group (WEIR) 2,128.00p +2.41%
Standard Chartered (STAN) 1,689.50p +2.39%
Land Securities Group (LAND) 818.00p +2.38%
Burberry Group (BRBY) 1,368.00p +2.32%
FTSE 100 - Fallers
Severn Trent (SVT) 1,594.00p -1.48%
Randgold Resources Ltd. (RRS) 6,030.00p -1.47%
Schroders (SDR) 1,972.00p -1.35%
Imperial Tobacco Group (IMT) 2,318.00p -1.24%
BAE Systems (BA.) 334.90p -0.68%
AstraZeneca (AZN) 3,005.00p -0.55%
Rexam (REX) 457.90p -0.50%
Smiths Group (SMIN) 1,220.00p -0.41%
G4S (GFS) 278.70p -0.39%
Smith & Nephew (SN.) 708.00p -0.35%
NR
Engineering group Weir was also on the up after UBS raised its target price from 2,000p to 2,300p and reiterated its 'buy' rating on the stock. The broker cited positive read-across from recent results from sector peers Metso and Outotec.
Pushing IAG higher was the mounting speculation that a merger agreement could be fast approaching for bankrupt US carrier, American Airlines and US Airways.
Anglo American rose after HSBC upped its target price from 1,950p to 2,240p and upgraded it to overweight.
Water provider Severn Trent was lower after announcing that it has sold its Analytical Services division to Australian testing inspection and certification (TIC) group ALS for an undisclosed sum.
Imperial Tobacco was a top 10 faller after Investec downgraded the stock from 'buy' to 'hold', saying: "There is support from the valuation and the prospect of a takeout. But we don't think the latter is imminent enough and while IMT looks 'cheap', it doesn't look that cheap in the current Darwinian climate.
FTSE 100 - Risers
GKN (GKN) 254.50p +3.50%
International Consolidated Airlines Group SA (CDI) (IAG) 217.90p +3.17%
Old Mutual (OML) 191.30p +2.90%
Anglo American (AAL) 1,990.50p +2.76%
Aggreko (AGK) 1,597.00p +2.57%
Royal Bank of Scotland Group (RBS) 341.10p +2.46%
Weir Group (WEIR) 2,128.00p +2.41%
Standard Chartered (STAN) 1,689.50p +2.39%
Land Securities Group (LAND) 818.00p +2.38%
Burberry Group (BRBY) 1,368.00p +2.32%
FTSE 100 - Fallers
Severn Trent (SVT) 1,594.00p -1.48%
Randgold Resources Ltd. (RRS) 6,030.00p -1.47%
Schroders (SDR) 1,972.00p -1.35%
Imperial Tobacco Group (IMT) 2,318.00p -1.24%
BAE Systems (BA.) 334.90p -0.68%
AstraZeneca (AZN) 3,005.00p -0.55%
Rexam (REX) 457.90p -0.50%
Smiths Group (SMIN) 1,220.00p -0.41%
G4S (GFS) 278.70p -0.39%
Smith & Nephew (SN.) 708.00p -0.35%
NR
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