Friday 2 March 2012

Pursuit Dynamics perks up as market rallies

"We had a detailed discussion with management Dynamics continue to confirm a number of inaccuracies," said Mirabaud analysts, to give himself an analysis point by point of 16 pages folder. The said broker that verdict for the presentation of the potential market "a fundamental understanding of lack.

Analysts writing on the presentation "technology overview", added: "the description on this slide mainly concerns the application of technology on the market of foods and especially it ignores important developments made in the past three years."

Another house broker, Cenkos, spoke to the dynamics of the prosecution, saying: "recent bear raid has created an excellent opportunity to purchase the shares.

Dynamic continuation posted throughout the year loss of £ 9. 1 m in December. But which does not stop the bulls yesterday as invigorated shares up 55¼ to 385¼p.

Return to the main market, engineers and technology companies were also asked, although for more mundane reasons. After having slipped into the red after new Tuesday, the disappointing contraction in the British economy, citation index rebounded yesterday.

The FTSE 100 gained 51.5 points to 5969.21 and mis FTSE 250 110.67 at 11612.27 points.

Lifting feeling is a rally on Wall Street, where the Dow broke the barrier of 12 000 for the first time since June 2008.

Missing, however, banks have been.Royal bank of scotland, hsbc Holdings and Lloyds banking Group has fallen 0.26 43.03 p 2 to 696 p and p from 0.14 to 63.01 respectively.

Leads the charge, however, was Aggreko, the energy supplier temporary events, including the Olympic Games in London. Advanced 75% to £ 14.85 that Goldman Sachs has initiated coverage with a "buy" rating Aggreko to give a price target of £ 20.02, analysts said as Aggreko to benefit from the growth in its international business "such as a lack of power in drive developing economies more demand to temporary".

While on the second level, Renishaw WINS outrageous. After precision engineer who manufactures equipment for measuring and products for the healthcare sector posted increased fivefold in favour of the first half, its shares rose 263 p to £ 15.98. Renishaw said he saw particularly strong growth in the far East, and that China is now larger enterprise market.

Given solid results, improved Numis analysts forecasts of profit throughout the year by 13pc £ 72. 2 m. "Renishaw a clear impetus and year-end results should significantly advance on year," added the broker, which has a "hold" on Renishaw. "We believe it is good upside potential risk to our estimates, and this may be still attractive in spite of share price highs."

Not far behind Renishaw was Cookson. The industrial materials company whose products are used in solar industries and glass, as well as by foundries and manufacturers of steel, checked up to 48 to 680½p. Mounted Cookson came as he has said that he expected performance this year, to be well ahead of last year, thanks to improvements in its steel and electronics markets.

Checking up too was Prime Minister Foods, who won 1.62 to 22.3 percent. The food producer sold his company Quorn earlier this week to £ 205 million, and there were rumors that it is in talks to sell its operations in cans to the Princes.

An optimistic note broker helped spirent Communications, test systems and equipment for AT & T, Cisco and Verizon Communications. Analysts at Numis plus their "buy" rating of "add", pushing Spirent 10.1 141 p.

At the other end of the spectrum, heritage oil immersed 126.6 at 310 p as investors found nose by the fact that the Explorer had discovered gas instead of oil in Kurdistan.

But analysts of JP Morgan Cazenove said the discovery could "ultimately increase takeover appeal of heritage to a gas main players in the region.

Write on oil and gas sector in a separate note, JP Morgan Cazenove investor savvy "prepare for some blockbuster upstream M & a in 2011", with likely Asian national oil companies of predators.

Return on the highest level, the smell of black gold has been boosting bg Group. He doped 45½p at £ 13,72 after the discovery of light oil in the offshore of the Brazil.

BG was joined by minors, who has gained ground as concerns autour fell of the strength of economic recovery. Antofagasta on 46 p to £ 14.36 and Rio tinto has increased to £ 44.00 110 p.

As the relapse concern abated, retailers also rallying, with the Next wins 10 p to £ 20.85. Helping high street retailer, it was an upgrade of Nomura, cogné up to its "buy" rating of "neutral", which has increased its price target to £ 26.50 from £ 24.13.

Analysts said the pressure then face face this year as a squeeze on household income are generic industry, while its possibilities, such as growth in the following directory, looks set to improve.

Written in General on sale sector retail, Nomura said expected stocks at the best price in the second half of the year. "In detail, another hike for VAT in the UK puts real cash flow cleaning pressure in 2012, which means that the actions are likely to benefit until the summer," said analysts.

They are feeling bullish on stocks of goods of luxury, saying that the "distribution support of growth of gross domestic product, global travel, increased wealth and a weakness of the euro" remained in place for 2011.


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