Proactiveinvestors United Kingdom articles http://www.tech-capital.com Proactiveinvestors United Kingdom articles RSS feed en Mon, 18 Dec 2017 01:26:12 +0000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) Newmark Security switches to counter-terror rather than counters http://www.tech-capital.com/companies/news/188367/newmark-security-switches-to-counter-terror-rather-than-counters-188367.html Wed, 06 Dec 2017 11:42:00 +0000 http://www.tech-capital.com/companies/news/188367/newmark-security-switches-to-counter-terror-rather-than-counters-188367.html Seeing Machines increases size of fund raise as investors snap up shares http://www.tech-capital.com/companies/news/188346/seeing-machines-increases-size-of-fund-raise-as-investors-snap-up-shares-188346.html Wed, 06 Dec 2017 09:37:00 +0000 http://www.tech-capital.com/companies/news/188346/seeing-machines-increases-size-of-fund-raise-as-investors-snap-up-shares-188346.html Seeing Machines to raise over £30mln as momentum builds behind driverless cars http://www.tech-capital.com/companies/news/188247/seeing-machines-to-raise-over-30mln-as-momentum-builds-behind-driverless-cars-188247.html Tue, 05 Dec 2017 07:41:00 +0000 http://www.tech-capital.com/companies/news/188247/seeing-machines-to-raise-over-30mln-as-momentum-builds-behind-driverless-cars-188247.html Tavistock Investments very upbeat as money flows into managed funds http://www.tech-capital.com/companies/news/188046/tavistock-investments-very-upbeat-as-money-flows-into-managed-funds-188046.html Thu, 30 Nov 2017 10:31:00 +0000 http://www.tech-capital.com/companies/news/188046/tavistock-investments-very-upbeat-as-money-flows-into-managed-funds-188046.html Crossword Cybersecurity's combination offers best of two worlds http://www.tech-capital.com/companies/news/187982/crossword-cybersecurity-s-combination-offers-best-of-two-worlds-187982.html Wed, 29 Nov 2017 13:36:00 +0000 http://www.tech-capital.com/companies/news/187982/crossword-cybersecurity-s-combination-offers-best-of-two-worlds-187982.html The Marketing Group acquires German ‘influencer’ and social media specialist Wildcard. http://www.tech-capital.com/companies/news/187968/the-marketing-group-acquires-german-influencer-and-social-media-specialist-wildcard-187968.html Wed, 29 Nov 2017 10:25:00 +0000 http://www.tech-capital.com/companies/news/187968/the-marketing-group-acquires-german-influencer-and-social-media-specialist-wildcard-187968.html Mirada's major shareholders lend £1.7mln to get new contracts on track http://www.tech-capital.com/companies/news/187889/mirada-s-major-shareholders-lend-17mln-to-get-new-contracts-on-track-187889.html Tue, 28 Nov 2017 08:33:00 +0000 http://www.tech-capital.com/companies/news/187889/mirada-s-major-shareholders-lend-17mln-to-get-new-contracts-on-track-187889.html Tavistock Investment posts profit as funds under management surge higher http://www.tech-capital.com/companies/news/187878/tavistock-investment-posts-profit-as-funds-under-management-surge-higher-187878.html Tue, 28 Nov 2017 07:35:00 +0000 http://www.tech-capital.com/companies/news/187878/tavistock-investment-posts-profit-as-funds-under-management-surge-higher-187878.html Appscatter off and running as distribution platform goes live http://www.tech-capital.com/companies/news/187651/appscatter-off-and-running-as-distribution-platform-goes-live-187651.html Wed, 22 Nov 2017 11:56:00 +0000 http://www.tech-capital.com/companies/news/187651/appscatter-off-and-running-as-distribution-platform-goes-live-187651.html Appscatter switches on app distribution platform http://www.tech-capital.com/companies/news/187621/appscatter-switches-on-app-distribution-platform-187621.html Wed, 22 Nov 2017 07:21:00 +0000 http://www.tech-capital.com/companies/news/187621/appscatter-switches-on-app-distribution-platform-187621.html Broker spotlight: Diageo, Whitbread, Debenhams, GKN, OPG, Clinigen ... http://www.tech-capital.com/columns/broker-spotlight/16566/broker-spotlight-diageo-whitbread-debenhams-gkn-opg-clinigen--18212.html Spirits giant Diageo's (LON:DGE) update yesterday wasn't as bad as the market reaction suggested according to Deutsche Bank, though it adds what comes next is crucial.

Adjusting the 0.7% decline in organic sales, Deutsche has managed to come up with a total of 0.6% growth, while US depletions are also improving it said. 

All in all, Diageo is changing for the better, says the broker and it is closer to the end of the change than the beginning. Buy.

Credit Suisse likes Whitbread (LON:WTB) sufficiently to have raised its target price to 6200p, though its ‘outperform’ rating remains the same.

Whitbread shares have risen 120% in 2 years, but looking at opportunities for Premier Inn in Germany the broker can see earnings growing by 11% annually for ten years, which justifies the current rating.

Investec has put a hold rating on drugs distributor Clinigen (LON:CLIN).

A review of its competitive situation and key products suggests it can continue to grow  its portfolio, but services is not growing as fast as expected so the broker downgrading earnings estimates down the road. Target price is 550p. Hold is the view.

India-based power generator OPG (LON:OPG) is about to be transformed, says cantor Fitzgerald, with execution risk about to fall away on the completion of 480MW of projects to take total capacity to 750MW. 

Cantor believes this means most of the real risk is out of the way but the shares do not yet reflect this. 

Positive changes in the wider Indian economy are also being overlooked.  Buy with a target price of 130p, say the broker.

Debenhams (LON:DEBS) has received a bullish update from Citigroup following yesterday’s better than expected interims. ‘Buy’ from ‘neutral’ is the new recommendation.

Engineering  heavyweight GKN (LON:GKN) has been upgraded to ‘neutral’ from ‘sell’ by Goldman Sachs, which also now has a conviction buy stance of oilfield services group Hunting (LON:HTG) sending it shares scooting higher this morning.

Barclays Capital, meanwhile, has upgraded defence specialist QinetiQ (LON:QQ) to overweight, while there price upgrades for Wier (LON:WEIR) to 1,925p from Exane, Chariot Oil (LON:CHAR)  to 20p from 12p from Cantor and BAE (LON:BA.) to 611p from Goldman.

Valve specialist Rotork (LON:RTRK) was a notable downgradeas Barclays Capital cut its stance to ‘equal weight’. 

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Fri, 17 Apr 2015 11:57:00 +0100 http://www.tech-capital.com/columns/broker-spotlight/16566/broker-spotlight-diageo-whitbread-debenhams-gkn-opg-clinigen--18212.html
Broker spotlight - Next, Betfair, Centrica, Barclays, Rame Energy... http://www.tech-capital.com/columns/broker-spotlight/16426/broker-spotlight-next-betfair-centrica-barclays-rame-energy-18068.html A punchy target for betting exchange Betfair (LON:BET) from Barclays, which urged investors to resist the temptation to take profits.

Shares have already risen by 40% this year so far to 2,214p, but this may be only the beginning suggests the broker.

The price target rises to 2,500p, but there is potential to go to 2,800p and the blue sky case is 3,330p said the broker. 

International Personal Finance also gets an upgrade (to ‘Buy’ from ‘Hold’) with an upgraded price target of 600p from German broker Berenberg.

Shares in the emerging market-focused sub-prime lender have struggled on foreign exchange and regulatory fears, but IPF is exposed to significant long-term growth opportunities and the headwinds should ease.

Barclays (LON:BARC) comes out top in Morgan Stanley’s assessment of three banks it met recently.

Barclays, overweight, still has value to be unlocked from the non-core businesses with 25% upside potential.

RBS (LON:RBS) gets an ‘equal-weight’ rating on a fair value target of 350p and Standard Chartered (LON:STAN) is ‘underweight’.

Brokers also took a trip to the shops Tuesday with Next (LON:NXT) described as an "unexpected buying opportunity" by German bank Berenberg.

"We reiterate our Buy recommendation and increase our price target to 8,150p, providing c12% upside to the current share price. 

"We believe share price weakness following the FY15 results represents a buying opportunity for a highly cash-generative business with long-term sustainable growth potential supported by investment in overseas distribution," it said. 

Meanwhile, High Street bellwether Marks (LON:MKS) gets a visit from broker Deutsche today, which has upped the price target 30p to 580p and  repeated a  'buy' call.

The retailer posts fourth quarter sales figures on April 2 and the broker forecasts around a 3% sequential improvement from Q3 in UK like-for-like sales as the food business benefits from slight improvement in the market, whilst general merchandise, though still losing share, starts to "put its website problems behind it".

Deutsche has also upgraded building materials group CRH's (LON: CRH) target price to 2,050p from 1,964p and repeated a 'hold'.

But it has downgraded the price target on energy giant and British Gas owner Centrica (LON:CNA) to 225p from 280p.

US broker Jefferies has turned sour on drinks giant JD Wetherspoon (LON:JDW), downgrading to 'hold' from 'buy'.

Rame Energy’s (LON:RAME) expansion of its framework agreement with  Santander is good news suggests Northland.

The sale of the Punta Chome project also demonstrates an increasingly buoyant market in Chile. In the first nine months of 2014, Chile installed 382MW of wind capacity, tripling 2013’s new build and doubling the total capacity as Chile looks to capitalise on its potential for wind and solar power. 


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Tue, 24 Mar 2015 12:06:00 +0000 http://www.tech-capital.com/columns/broker-spotlight/16426/broker-spotlight-next-betfair-centrica-barclays-rame-energy-18068.html
Broker spotlight - Cairn, G4S, BG, Thomas Cook ... http://www.tech-capital.com/columns/broker-spotlight/16342/broker-spotlight-cairn-g4s-bg-thomas-cook--17984.html It was downgrades o’clock among the City scribes today, possibly reflecting the hammering for equity markets yesterday.

Cairn Energy (LON:CNE) took a battering as it revealed its tax row in India had deteriorated to the point where it has issued a Notice of Dispute.

A draft assessment order from the Indian Income Tax Department for 2006/7 now amounts to US$1.6bn plus any applicable interest and penalties. Jeffries said the situation is a new and material escalation of the tax dispute. 

The parties are now required to enter a 3-6 month negotiation period to seek a resolution. 

Jefferies reduced its price target to 172p (from 220p)  and lowered its rating to ‘hold’ from ‘buy’.

UBS kept its 'neutral' stance as it pointed out that the claim is only enforceable on Cairn’s Indian holding company, which implies the loss to Cairn Energy should be capped at the residual 10% stake (worth US$675m) and not the US$1.6bn.

Jefferies also downgraded its rating on security group G4S (LON:GFS) to ‘hold’ from ‘buy’. 

Latest earnings were exactly in line with forecast and marginally ahead of consensus, but £10mln losses related to a collection of now non-core small units were moved to exceptionals, without which earnings would have been 3% below consensus. 

Also in the downgrade front, Credit Suisse has lowered its target price for BG Group (LON:BG.) to 815p due to the uncertainty in Brazil.

Citigroup has downgraded travel operator Thomas Cook (LON:TCG) to ‘hold’ despite a higher target price after the recent 5% share purchase by Chinese firm Fosun.

The US broker has lowered its earnings forecasts for the next three years by 18% 13% and 9%, though it said the tie-up with Fosun will provide a boost.

“The company’s cost/new product initiatives do point to strong EPS growth (c40%) in FY16E but the industry is unpredictable,” it said.

The broker’s new target price is 150p (from 140p) but the rating is now ‘neutral’ from ‘buy’ to reflect the re-rating of the peer group.

City firm Panmure  repeated a 'buy' call for  life science firm Horizon Discovery (LON:HZD) after the news it is providing genomic reference materials to support phase two of Cancer Research UK's programmes.

Panmure has a target price of 247p - a fair distance from the current price of 208.5p.

"Today’s announcement is yet another illustration of Horizon’s role in enabling progress towards the development of personalised medicine," said analyst Dr Mike Mitchell.

Mark Henderson, analyst at Westhouse, repeated a ‘buy’ recommendation for Eland Oil & Gas (LON:ELA), and with a 95p price target the broker implies some 100% upside to the current price of 47.5p.

“The low cost nature of Nigerian production means that operations are resilient even at current low oil prices and we look to increasing production and cash flows to boost the share price in the medium-term,” Henderson said in a note.

Northland rates Stratex (LON:STI) as a 'buy' but has reduced the target to 6.4p from 7.3p. The change comes as Stratex released a feasibilty study for the Muratdere copper-moly-gold property in Turkey.

The broker updated its valuation of Muratdere based on today's study, arriving at a valuation of Stratex’s 30% interest at US$3.7mln, down from US$9.3mln.

"The FY14 results were largely in line with our expectation but net cash was slightly lower than we expected, partly due to higher exploration costs, also reducing our price target," it said.

"We have made other negative adjustments for Stratex’s interests in Tembo Gold Corporation (12.9%) and Goldstone Resources (25.1%) based on the current market valuation of these companies. Further advancement of the Dalafin project leads us to increase our valuation of the West African portfolio to $4.4m (up from US$3.6m)," the broker said.

Analyst Dr Ryan Long notes the broker's price target is still 209% upside on the current share price and says he continues to believe that Stratex is highly undervalued at these levels.

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Wed, 11 Mar 2015 11:40:00 +0000 http://www.tech-capital.com/columns/broker-spotlight/16342/broker-spotlight-cairn-g4s-bg-thomas-cook--17984.html
Broker spotlight: HSBC, Apple, Shell, Providence Resources, Statpro... http://www.tech-capital.com/columns/broker-spotlight/16335/broker-spotlight-hsbc-apple-shell-providence-resources-statpro-17977.html Someone likes HSBC (LON:HSBA) and its heavyweight broker Goldman Sachs after the share price slide recently following numerous scandals. 

‘Buy’ (from ‘neutral’) is the new stance and based on three points: The recent de-rating; HSBC’s position as a key beneficiary of recent US$ rate moves; and the opportunity to eject the lower profit areas of its footprint.

Wm Morrison (LON:MRW) is another laggard benefiting from an upgrade with JP Morgan now rating as the supermarket as a ‘neutral’ rather than ‘underweight’.

A combination of new management, improved trading and greater cost cutting opportunities, a stronger balance sheet and less demanding valuation compared to the other grocers has prompted a substantial increase in the target price to 225p (135p).

Apple (NASDAQ:APPL) is still rated a ‘buy’ at UBS even though the broker seemed unimpressed with the Apple Watch.

Although management again highlighted various applications, most emphasise improved convenience over pulling the phone out—there still is not a sense of a killer app, said the broker.

Pricing was as expected for the low-end Sport, a bit lower for the Watch, and high at $10,000-17,000 for the Edition. 

Indeed, UBS said the most impressive announcement was the new 12" Retina MacBook for $1,299. 

On the other side, there was plenty of red ink today starting with Anglo Dutch oil giant Royal Dutch Shell, where UBS has cut its view to ‘neutral’ from ‘buy’.

Though 15% lower in US$ terms in the past 12 months, this is better than the sector overall and the shares offer now less relative value

“We were disappointed with response to challenging operating conditions” added UBS.

“Our concern is Shell looks behind the curve given vigorous responses elsewhere that likely mean the relative robustness of its earnings/cashflows/balance sheet isn't so clear cut. 

“The re-introduction of the scrip dividend option suggests the Board is somewhat concerned also.”

Outsourcer Capita (LON:CPI) was also feeling the red pen effect as Credit Suisse downgraded to ‘underperform’ and chopped its target price to 1080p from 1200p.

Political risks are rising ahead of the election. The policy backdrop of the last 20 years has been largely benign for the outsourcers but Credit Suisse does not think that a continuation of this environment is a foregone conclusion. 

Goldman Sachs also chopped its rating for online estate agency Rightmove 9LON:RMV) to ‘neutra’l from ‘conviction buy’ while HSBC cut ad agency WPP (LON:WPP) to ‘neutral’ from ‘overweight’.

Down a couple of divisions, Irish oil explorer Providence Resources (LON:PVR) has been upgraded to ‘buy’ from ‘neutral’ by Cantor Fitzgerald.

“The long-awaited farm-out of Providence’s key Barryroe field is reaching conclusion, hinging on the farminee raising the required funds to complete the transaction. 

“Nevertheless, the recent placing and extension to the company’s existing loan facility underlines support for the Providence story in our view.” 

The target price remains 87p compared to 24.3p in the market.

Software group StatPro (LON;SOG) said its cloud-based strategy is now being accepted by customers, which means the focus of the next few years must be on execution said Panmure Gordon.

The recent €4m strategic contract win with a major European asset manager is hopefully just the start. Buy says the broker.

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Tue, 10 Mar 2015 11:25:00 +0000 http://www.tech-capital.com/columns/broker-spotlight/16335/broker-spotlight-hsbc-apple-shell-providence-resources-statpro-17977.html
Broker spotlight : IAG, BAT Intertek Group, Centrica, Providence Resources, Paragon Diamonds... http://www.tech-capital.com/columns/broker-spotlight/16290/broker-spotlight-iag-bat-intertek-group-centrica-providence-resources-paragon-diamonds--17927.html IAG downgraded to sell, BAT cheap relative to rivals while Providence Resources gets an upgrade after latest seismic.

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Tue, 03 Mar 2015 11:17:00 +0000 http://www.tech-capital.com/columns/broker-spotlight/16290/broker-spotlight-iag-bat-intertek-group-centrica-providence-resources-paragon-diamonds--17927.html
Broker spotlight - Centrica, Man Group, William Hill, Land Securities ... http://www.tech-capital.com/columns/broker-spotlight/16216/broker-spotlight-centrica-man-group-william-hill-land-securities--17850.html Centrica’s (LON:CNA) dismal results today came too early for most of the brokers, who were still ruminating on the insight revealed yesterday into the competition investigation currently underway.

Canadian broker, RBC Capital, was an exception and reiterated its prescient ‘underperform’ stance after the numbers.

The negatives it highlighted were the 30% dividend cut and that offers for its combined cycle gas turbine operations were too low to warrant a sale, which the broker said was likely a key factor behind the lower payout.

RBC estimates the shares now yield about 4.8% post the dividend reduction, in line with other utilities.

But with lower earnings forecast for 2015 and challenges on its balance sheet, commodity prices combined with the regulatory investigation and election uncertainty, the share price is still too high, it said. Its new target price is 270p.

Man Group (LON:EMG) has been a strong performer recently and was up again today as Goldman Sachs stuck its considerable bulk behind the hedge fund manager.

The broker’s earnings forecasts for 2014-16 are 12%-26% above consensus, it said, which reflects its view that the second half of 2014 was a point of inflection in the group’s economics. 

“We expect Man Group to generate over US$900mln in post-dividend cash flow over the next five years, giving management further room to generate shareholder value through investing in organic or inorganic growth, or by returning cash to shareholders.”

The rating is upgraded to ‘buy’ (from ‘neutral’) and it joins the broker’s conviction list. The 12-month price target rises to 210p from 185p.

Numis has cut its rating on William Hill (LON:WMH) to ‘hold’ from ‘add’. The broker notes that the bookie is increasing its exposure to online and international markets and, correspondingly, reducing its exposure to retail and the UK, but the potential rewards are already reflected in the share price.

Investors who want exposure to the upside with some protection against the risks should consider being long William Hill and short Ladbrokes (LON:LAD Reduce, 100p).

Societe Generale has upgraded its view on property giants British Land (LON:BLND) and Land Securities (LON:LAND) to buy. 

The French broker expects a similar total return around 9-10% annually over the next three years on the back of lower rates and a new capital recycling scenario.

Target prices rise by 27% on average to 1,030p for British Land and 1,600p for Land Securities.

Elsewhere, in brokerland, broker SP Angel looked at Tertiary Minerals' (LON:TYM) final results from the MB programme in the US.

It said phase 3 drilling programme hasdachieved significant progress in linking together the northern and southern parts of the existing resource area and in demonstrating thicker mineralisation at depth towards the west.

"We look forward to seeing the impact of these results on the magnitude and geometry of the resources."

The same broker looks at Petra Diamonds (LON:PDL), which today raised full-year production guidance after a sparkling set of interim results.

The company now expects to produce around 3.3mln carats in the 12 months to the end of June, up slightly from its previous guidance of around 3.2mln carats.

The broker said: "The growth story remains intact with development progressing well at Finsch, Cullinan and Koffiefontein. The balance sheet remains strong with capex peaking over the next two years. This remains a core buy in the diamond sector."

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Thu, 19 Feb 2015 11:58:00 +0000 http://www.tech-capital.com/columns/broker-spotlight/16216/broker-spotlight-centrica-man-group-william-hill-land-securities--17850.html
Broker spotlight: M&S, AB Foods, Rolls Royce, SABMiller... http://www.tech-capital.com/columns/broker-spotlight/15642/broker-spotlight-ms-ab-foods-rolls-royce-sabmiller-17253.html M&S pleases market but brokers struggle to see reasons for optimism unlike AB Foods whre Primark performance prompts raft of upgrades. SABMiller best of brewers says Berenberg.

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Wed, 05 Nov 2014 12:56:00 +0000 http://www.tech-capital.com/columns/broker-spotlight/15642/broker-spotlight-ms-ab-foods-rolls-royce-sabmiller-17253.html
Broker spotlight: Ryanair, Anglo American, Weir, Rambler Metals, Advanced Computer... http://www.tech-capital.com/columns/broker-spotlight/15634/broker-spotlight-ryanair-anglo-american-weir-rambler-metals-advanced-computer-17240.html Ryanair (LON:RYA) is right back in favour with City scribes today after its big profit upgrade yesterday. 

Credit Suisse has upped its target price by a meaty 18% to €10.30, with the broker suggesting the 2016 may been even better for the no-frills airline.

The broker has raised its estimate for net income this year by 7% to €782mln but expects 2016 to see a further €142mln (18%) rise driven by driven by an extra point of load factor (€64mln) and a 3% unit fuel cost saving (€47mln) protected by flat fares.

Citigroup has also raised its profits forecasts and valuation on the Irish carrier. The September quarter was slightly better than expected, it said, and the broker has raised its forecast for net income this year by 16% to €757mln from €654mln. A buyer, Citi’s new price target is €9.30 from €8.65 while on a cash flow metric its fair value price is €10.73.

Anglo American (LON:AAL) remains a buy for Investec after its latest seminar for diamond arm De Beers. The broker sees standout value in the diamond group, with the additional disclosure and further pieces of the puzzle provided yesterday enabling a better understanding of the group.

Greater details for each mine were provided, including carat values and grades, which will enable better understanding of the long-term workings of the business. This is a major step forward, but Investec said it would still have like to see mine by mine costs detailed.

Most notable is the potential value of the trading side of the business, which Investec believes masks the true profitability of the group as a whole, but with greater disclosure the market will now increasingly recognise the value of the business. 

It adds it is too early to say whether a spin out of the business will take place with management efforts focussed on delivering operational improvements and marketing diamonds to lift prices longer term, but Investec is a buyer of Anglo even so with a target price of 1,588p.

Investec, meanwhile, remains a seller of Weir (LON:WEIR) after its latest update. “The weakening oil price, below the incentive US gas price, and low commodity prices continue to provide downside risk to our forecasts and consensus for FY15, in our view. We maintain our 1900p target.”

Hose broker Cantor Fitzgerald remains upbeat on Rambler Metals & Mining’s (LON:RMM) progress. Annual results confirmed the "excellent start" copper miner Rambler has made to its life as a commercial mining company and the broker expects a  a similar level of performance in the current year. 

With execution risk now removed, the market can look at the company afresh, it said. There are growth options too. On this front, the Lower Footwall Zone at the Ming mine could be game changing. Cantor’s “first pass” NPV for this project implies a valuation of 32p/share, taking its overall NPV to 53p. 'Buy' with a target price of 50p, it recommends.

Advanced Computer Software (LON:ASW) has one of the strongest track records of profitable growth and cash generation in the software sector, N+1 Singer says. 

Latest results confirmed solid forward revenue visibility (63% recurring) and the group remains in a strong position to execute on its organic plan as well as acquisitions when the right opportunities arise.

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Tue, 04 Nov 2014 12:26:00 +0000 http://www.tech-capital.com/columns/broker-spotlight/15634/broker-spotlight-ryanair-anglo-american-weir-rambler-metals-advanced-computer-17240.html
Broker spotlight: Just Eat, Royal Bank of Scotland, Glencore, The AA, Range Resources... http://www.tech-capital.com/columns/broker-spotlight/15625/broker-spotlight-just-eat-royal-bank-of-scotland-glencore-the-aa-range-resources-17231.html Just Eat growth whets appetite of brokers. RBS and Glencore downgraded but AA has potential once debts are sorted.

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Mon, 03 Nov 2014 12:30:00 +0000 http://www.tech-capital.com/columns/broker-spotlight/15625/broker-spotlight-just-eat-royal-bank-of-scotland-glencore-the-aa-range-resources-17231.html
Tesco, TSB, Rio Tinto, 4imprint, Akers Biosciences... http://www.tech-capital.com/columns/broker-spotlight/15575/tesco-tsb-rio-tinto-4imprint-akers-biosciences-17177.html Tesco downgraded by Deutsche, which said interims leave many questions unanswered. Rio can survive low iron price environment and 4imprint impresses.

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Fri, 24 Oct 2014 12:08:00 +0100 http://www.tech-capital.com/columns/broker-spotlight/15575/tesco-tsb-rio-tinto-4imprint-akers-biosciences-17177.html