M&S: City broker slashes share price target on lower profit prospects Retail Berenberg has downgraded its share price target for Marks and Spencer following lower estimates of long-term growth for the high street darling. The broker downgraded its price target from 410p to 384p, a cut of six per cent, due to a decrease in its profit estimate. “The potential for upside surprise now looks more limited [...]
Amplats: will the precious metal miner bring touch of sparkle to City? Mining Ever since shrugging off repeated bids from rival Australian miner BHP, Anglo American has been promising shareholders a major restructuring. The FTSE 100 mining giant pledged to deliver a “radically simplified” portfolio that would focus on its core mining divisions, copper, premium iron ore and crop nutrients. The sweeping restructuring, which was a condition of [...]