Severn Trent News
21-05-2012
- G8 underwhelms; markets look to EU summit
- Hollande expected to push eurobond idea to Merkel
- Risk-on as financials, miners advance; defensives sold
14-05-2012
- Footsie closes at levels not seen since mid-December
- Potential Greek exit from euro hammers stocks
- Banks, miners the worst performers in London
11-05-2012
- US consumer sentiment at post-recession high
- Banks weighed down by JP Morgan surprise trading loss
- Miners pressured lower by Chinese data
11-05-2012
Banks were heavy fallers in the opening hour on the back of the JP Morgan surprise trading loss. Barclays, Royal Bank of Scotland, Lloyds and HSBC were all among the worst performers. One stock in the financial sector bucking the trend though was hedge fund manager Man Group, which jumped after an upgrade from HSBC.
01-05-2012
Lloyds was the best performer of the day after reporting that its pre-tax profits in the first quarter came in at 288m pounds compared to a massive loss of 3.47bn pounds in the first three months of last year. Nevertheless, Lloyds said it had seen an increase in the volume of complaints being received following the PPI mis-selling scandal.
01-05-2012
- UK, China PMIs disappoint
- Lloyds provides a lift, Man Group and BP drop after updates
- European, Asian markets closed; US open
01-05-2012
Aberdeen, Avocet, Cape, Chemring, HSBC, Inchcape, Imperial Tobacco, Kazakhmys, Lloyds, Max Petroleum, Man Group, Severn Trent, Unilever, United Utilities
30-04-2012
Nomura has downgraded its rating for gold miner Randgold Resources from neutral to reduce and cut its target price from 7,115p to 6,970p, saying that the recent sector 'de-rating' has left the stock exposed.
30-04-2012
As part of its review of the utilities sector, Investec has downgraded its rating on water group Severn Trent from buy to hold and cut its target price from 1,718p to 1,664p.
30-04-2012
Anglo American, Astra, BSkyB, Carphone Warehouse, CSR, Daisy, Fenner, Fidessa, Hikma, Morgan Crucible, Ophir, Randgold, Severn Trent, Spirent, WPP
20-04-2012
- German Ifo and UK retail data lifts sentiment
- Financials and miners make strong gains in London
- Strong start on Wall Street, GE and Microsoft beat forecasts
10-04-2012
Drugs and utilities stocks were among the few making gains on Tuesday afternoon, as investors sought 'safer', more defensive assets on the back of some gloomy employment data out from the US on Friday.
10-04-2012
- Friday's US jobs data dampens sentiment
- Rising exports push China into trade surplus
- Randgold bounces back after Malian settlement
27-03-2012
- Government may cut stake in RBS
- Defensives sold off
- Resolution could split before sale
22-03-2012
- PMIs disappoint from China and Eurozone
- Miners down on demand concerns, Randgold plummets on Malian military coup
- Broker downgrades weigh on stocks
22-03-2012
- PMIs disappoint from China and Eurozone
- Miners down on demand concerns, Randgold plummets on Malian military coup
- Broker downgrades weigh on stocks
22-03-2012
While Nomura has maintained a bearish view on the UK utilities sector, yesterday's Budget did include a cut in corporation tax leading the broker to upgrade its target prices for utilities under its coverage.
22-03-2012
While Nomura has maintained a bearish view on the UK utilities sector, yesterday's Budget did include a cut in corporation tax leading the broker to upgrade its target prices for utilities under its coverage.
22-03-2012
AMEC, AstraZeneca, British Land, CSCG, Centrica, Cobham, Derwent London, Drax, ENRC, Gem Diamonds, Great Portland, Hammerson, Kingfisher, Ladbrokes, Laird, Land Securities, Next, Sainsbury, Severn Trent, Shaftesbury, SSE, William Hill
20-03-2012
Investec has cut its recommendation for food and cosmetic goods giant Unilever from buy to hold and cut its target price from 2,170p to 2,100p - the first time it has downgraded the stock in 17 years.
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