Broker tips: AB Foods, Carillion, Cluff Gold
12th Sep 2011 12:04
With a company-wide outperformance and record profits expected at Associated British Foods (AB Foods), the foods group which also owns the Primark retail chain, Prime Markets has maintained its buy recommendation on the stock. "Although H2 net interest expense will be higher, Prime Markets believes
Read moreLondon midday: Stocks stuck lower but Lloyds bucks trend
12th Sep 2011 12:03
The top share index is stuck firmly in negative territory as worries over the Eurozone crisis and possible effects on global growth continue. The UK has its own concerns though after the government-appointed Independent Commission on Banking has said British banks should separate their retail bank
Read moreBroker snap: AB Foods looks attractive at current levels, says Prime Markets
12th Sep 2011 11:12
With a company-wide outperformance and record profits expected at Associated British Foods (AB Foods), the foods group which also owns the Primark retail chain, Prime Markets has maintained its buy recommendation on the stock. AB Foods released its pre-close trading statement on Monday morning in r
Read moreLondon open: Stocks tumble after banking report
12th Sep 2011 08:24
Footsie has dived more than 100 points at the outset as the markets get to grips with the details of the Vickers report from the Independent Commission on Banking. British banks should separate their retail banking and investment banking divisions, the government-appointed Independent Commission o
Read morePrimark margins under pressure at AB Foods
12th Sep 2011 07:37
The second half of its financial year has been much as expected for Associated British Foods, the foods group which also owns the Primark retail chain. The group's adjusted operating profit for the second half of the financial year will be in line with expectations, a company statement said, while
Read moreLondon pre-open: Triple digit fall as market digests ICB report
12th Sep 2011 07:32
The Footsie is set to dive more than 100 points at the outset as the markets get to grips with the details of the Vickers report from the Independent Commission on Banking. British banks should separate their retail banking and investment banking divisions, the government-appointed Independent Com
Read moreFriday tips round-up: Pendragon, Centaur, ABF
15th Jul 2011 06:33
The rights issue from Pendragon, our biggest car dealer, does the job of shoring-up the finances and putting the business in a better shape to go ahead. It is also enormous, nine new shares for eight and at 10p, is a 54% discount to the last closing share price. Nick Bubb at Arden Partners is looki
Read moreLondon midday: Stocks move lower
14th Jul 2011 12:10
Stocks are deep in the red following this morning's slide. Associated British Foods is bucking the downward trend. It said its outlook for the full year is in line with expectations as its food arm and budget clothing retail chain Primark continue to perform well. Silver producer Fresnillo is spa
Read moreLondon open: ABF and Fresnillo buck the downward trend
14th Jul 2011 08:29
Stocks have taken a dive following a swoon on Wall Street last night, with worries over the Eurozone crisis continuing to cast a shadow. In the latest twist in that saga, ratings agency Fitch lowered its rating on Greece's long-term debt to CCC. Turning to stocks, Associated British Foods is bucki
Read moreSteady trading at Associated British Foods
14th Jul 2011 07:50
Associated British Foods said its outlook for the full year is in line with expectations as its food arm and budget clothing retail chain Primark continue to perform well. In the 16 weeks to 25 June, agriculture, grocery and ingredients revenue were higher than in the same period the previous year
Read moreSector movers: Miners lower as Vedanta falls
8th Jul 2011 15:30
The mining sector was among the worst performing sector on Friday, with India-focused mining giant Vedanta Resources firmly in the red. According to Reuters, the firm is unwanted over concerns that the government in India is considering a tax on the nation's miners "to provide welfare of people aff
Read moreFTSE 100 movers: BSkyB drops over takeover worries
8th Jul 2011 14:38
Satellite broadcaster BSkyB is unsurprisingly at the bottom of the pile. The recent turmoil at Rupert Murdoch's News International, which has closed down its Sunday tabloid the News of the World, has sparked fears concerning a delay, or worse, of its proposed takeover of the satellite broadcaster.
Read moreFTSE 250 movers: M&A news rules market sentiment
1st Jul 2011 15:39
Merger activity once again ruled market sentiment with water and waste management group Northumbrian Water and defence group QinetiQ coming into focus. Northumbrian Water confirmed that it received an offer proposal from Hong Kong infrastructure group Cheung Kong. The statement comes after Cheung
Read moreChairman's wife sells Hiscox shares
9th May 2011 16:21
The wife of specialist insurance firm Hiscox's chairman Robert Hiscox has pocketed more than £80,000 from the sale of shares in the company. Julia Hiscox offloaded 20,000 at 411p a time. The announcement of the sale comes the week after the Bermuda-based company said Robert Hiscox sold 56,398 shar
Read moreLondon close: Flat finish on eventful day
27th Apr 2011 16:56
Shares lost their puff ahead of the close having burst into life following a sluggish start, but there were some big movers in both directions, particularly in the mid-cap index. First quarter GDP data was the main talking point though growth of 0.5% was in line with expectations. On the company f
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