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Asian stocks soared as battered airline shares surged on hopes the SARS outbreak had peaked. ECB members say the world is likely to go through a long period of slow economic growth with the U.S. falling short of its potential for some time,HMV said that it expects annual profits to be at the top of market expectations. Friends Provident said on Tuesday that its sales were up by 10 percent in the first quarter, compared to the same period last year, ahead of many analysts expectations. Awaiting firuress from BAT & BPCorus To cut 1600 more jobs.Amvescap Fund manager is set to announce quarterly profits
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- 29 Apr 2003 07:22
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| 25th Apr | 28th Apr | Change | Consensus Rating | Broker Change | |
| Anglo American | 2.71 | 2.81 | -3.7% | Hold | As part of a review of the mining sector Williams de Broe has downgraded Anglo American to "hold" |
| BHP Billiton | 2.5 | 2.6 | -4.0% | Hold | Also as part of its mining review Williams lowers BHP to "sell", adding that falling oil prices and a drop in oil production is expected to cause BHP to underperform the sector |
| BP | 2.88 | 2.84 | 1.4% | Hold | BP's rating lifts as many brokers reiterate positive stances on the stock ahead of tomorrow's Q1 figures |
| BT Group | 2.6 | 2.62 | -0.8% | Hold | Rating falters as press reports indicate that BT could be back on the acquisition trail |
| Dixons | 2.52 | 2.54 | -0.8% | Hold | Hopes that it won't be penalised following the probe into the extended warranty market caused the shares to lift, but trading conditions remain tough and the consumer outlook is uncertain. This situation has prompted downgrades from CSFB ("neutral") and Merrill ("sell") and upgrades from Deutsche ("buy"), DKW ("add") and Goldman Sachs ("outperform") |
| Intercontinental Hotels | 2.4 | 2.5 | -4.2% | Outperform | Morgan Stanley initiates coverage with an "equal weight" rating as it sees strong growth potential. However tough trading conditions and concerns over whether it is a potential takeover target continue to plague the stock |
| Next | 2.74 | 2.83 | -3.3% | Hold | DKW downgrades to "hold" as it predicts H1 profits will be down given the retailer's tough comparables and the increasing competition |
| Rio Tinto | 2.82 | 2.91 | -3.2% | Hold | Williams downgrades to "hold", but adds it will suffer less than peers given its lack of exposure to South Africa |
| Vodafone | 2.11 | 2.03 | 3.8% | Outperform | Nomura upgrades to "buy" as it expects VOD's full year figures (late May) to exceed expectations |
| WPP Group | 3.04 | 2.96 | 2.6% | Hold | Williams upgrades to "buy" based on better than expected Q1 advertising data from the US |