Advertisement
UK markets open in 3 hours 3 minutes
  • NIKKEI 225

    38,342.88
    +790.72 (+2.11%)
     
  • HANG SENG

    17,080.40
    +251.47 (+1.49%)
     
  • CRUDE OIL

    83.43
    +0.07 (+0.08%)
     
  • GOLD FUTURES

    2,339.60
    -2.50 (-0.11%)
     
  • DOW

    38,503.69
    +263.71 (+0.69%)
     
  • Bitcoin GBP

    53,463.18
    +26.91 (+0.05%)
     
  • CMC Crypto 200

    1,436.60
    +21.84 (+1.54%)
     
  • NASDAQ Composite

    15,696.64
    +245.33 (+1.59%)
     
  • UK FTSE All Share

    4,378.75
    +16.15 (+0.37%)
     

BUZZ-IMI: At 3-yr lows as brokers downgrade after profit warning

** Engineer IMI down 3.4 pct at 3-yr lows, near the bottom of the Stoxx 600, after brokers cut ratings, PTs (Other OTC: PTSH - news)

** Guidance cut on Thurs saw stock suffer its biggest one-day drop since March 2009

** SocGen (Paris: FR0000130809 - news) , JPMorgan, RBC (Other OTC: RBCI - news) , Numis all downgrade ratings on co; Morgan Stanley (Xetra: 885836 - news) , Deutsche Bank (Other OTC: DBAGF - news) cut PTs

** Downgrades motivated by co's Critical Engineering unit, which reported organic revenues in Q3 down 8 pct

** Co also bottom of UK's FTSE midcap index

** Peer Rotork reaffirms FY outlook on Friday, shares up 0.6 pct compared to 0.5 pct fall in Stoxx 600 Industrial Goods and Services Index (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)