International stock news

Rss Today on Proactive AU

2015-03-04

ASX drops, but this graphite explorer soared 23.1%

 
The ASX200 is down 0.5% to 5,901.6 points. Australia’s GDP grew by 0.5% in the fourth quarter, down from 2.7% in the previous quarter.Find out which graphite explorer drew investor interest after reporting strong initial drilling results.
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Rss Today on Proactive UK

2015-03-04

Broker spotlight, including Gemfields, Barclays, ITV, easyJet, President Energy

 
Don’t change the channel on ITV (LON:ITV), says Investec. The broker broadcast a positive message on the firm after it sent out forecast-beating results and better than expected dividends. “The numbers are fine, the outlook is confident and there’s a new special dividend,” said Investec analyst Steve Liechti. “Hold retained; we see mid-term TV structural challenges partly offset by long-term retransmission fee positives.” Goldman Sachs scribes checked into easyJet (LON:EZJ) this morning with a Buy rating. The heavyweight broker sees the budget carrier as a “key beneficiary” of the double-positive impact of lower oil prices on consumer discretionary spending and costs/ BA-owner IAG (LON:IAG) was also lifted by an upgrade. Jefferies analysts issued a buy rating on the firm, which it reckons is decoupling from network carrier peers and we expect the performance gap to widen. JP Morgan Cazenove took a shine to gemstones producer Gemfields (LON:GEM) midweek and upgraded its stance to 'overweight' from 'neutral'. On Monday , the group unveiled another record-beating auction result - from sales of lower quality rough emerald and beryl from its Kagem mine in Zambia. “A gem of opportunity,” said JP Morgan. “Emeralds growth potential still exists, but there are larger gains to be made in rubies and sapphires offering blue sky.” Barclays (LON:BARC) shares may have suffered on Tuesday after full year results but today it gets a target price upgrade from Deutsche to 300p and a repeated 'buy' call. Builders merchant Travis Perkins (LON:TPK), meanwhile, is also popular and is upgraded by City scribes at Deutsche and Citi. However, it gets a downgrade from Numis and Jefferies US broker Citi also turns more positive on estate agent online portal Rightmove (LON:RMV), which gets nudged to ‘neutral’ from ‘sell’.  Speaking of property, home building giant Taylor Wimpey (LON:TW.) is downgraded by Citi to 'neutral' from 'buy'. Rental group Ashtead Group (LON:AHT) is upgraded by both JP Morgan and Berenberg. AIM-listed President Energy (LON:PPC) is to raise £9.1mln (US$14mln) as it looks to expand its operations in Argentina and Paraguay. Following the announcement, broker Northland Capital said: “While the economics of production in Argentina can be challenging and President is a loss making in spite of turnover of $13mln in 2014, the company has a significant proved reserve of around 8.4m barrels in the country.”
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Rss Today on Proactive US

2015-03-04

Wall Street falls from highs

 
U.S. stocks retreated from fresh highs Tuesday, a day after the Nasdaq settled above the 5,000 mark for the first time in 15 years and both the Dow and the S&P 500 finished at new records.
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