London open: Footsie extends gains as Vodafone jumps
6th Mar 2013 08:58
Strong performances from Vodafone, Admiral and Melrose helped extend gains on the FTSE 100 on Wednesday morning, pushing London's benchmark index to fresh five-year highs. The Footsie finished yesterday's session at 6,432, a level not seen since late 2007, before the financial crisis ripped through
Read moreAdmiral ups dividend by 20 per cent on upbeat set of results
6th Mar 2013 08:10
Car insurance firm Admiral has cheered investors with a broadly strong set of full year results, prompting a 20 per cent increase in the total dividend. The group delivered a 15% rise in pre-tax profit at £343m compared to £299m in 2011. Turnover climbed 1.0% from £2.19bn to £2.22bn. Earnings pe
Read moreThursday broker round-up UPDATE
21st Feb 2013 08:02
Aberdeen Asset Management: Citigroup takes target price from 400p to 430p and stays with its neutral rating. Admiral Group: JP Morgan starts with a target price of 1246p and a neutral rating. Anglo American: Jefferies increases target price from 2050p to 2450p and upgrades from hold to buy. Aviva
Read moreSector movers: Insurers and miners take a hit
20th Feb 2013 15:21
Insurance and resources stocks were taking a hit on Wednesday with some heavy falls from RSA weighing on the insurance sector and falling metals prices dampening the mining category. Full-year results from RSA came in broadly in line with analysts' estimates, but a 33% reduction in the dividend sur
Read moreTuesday broker round-up UPDATE
19th Feb 2013 07:30
Admiral Group: Investec takes target price from 570p to 582p, but still recommends selling. Advanced Medical Solutions: Investec upgrades from hold to buy with a target price of 68p. African Barrick Gold: Canaccord Genuity reduces target price from 360p to 305p keeping a hold rating. Anglo Americ
Read moreLondon close: Corporate earnings, services data push markets higher
5th Feb 2013 16:27
The FTSE 100 staged a partial recovery today after Monday's sell-off, with decent corporate earnings and better-than-expected service-sector data doing their bit to repair damaged market sentiment. London's benchmark index slumped 100 points yesterday as political uncertainty in the Eurozone result
Read moreLondon midday: FTSE 100 bounces back after sharp sell-off
5th Feb 2013 11:39
Well-received results from ARM Holdings and BP and a decent performance from the banking sector helped the FTSE 100 bounce back slightly after Monday's sell-off. London's benchmark index slumped 100 points yesterday as political uncertainty in the Eurozone dented sentiment: corruption scandals at S
Read moreBroker tips: Insurers, ARM, Smith & Nephew
5th Feb 2013 11:35
Ahead of earnings season for insurance stocks, Nomura has reviewed its coverage on the non-life sub-sector, highlighting Admiral as its top pick whilst upgrading its rating for Direct Line and downgrading RSA. In a research report on Tuesday, Nomura said: "We are not expecting any major surprises,
Read moreBroker snap: Nomura names Admiral as top pick amongst non-life insurers
5th Feb 2013 11:16
Ahead of earnings season for insurance stocks, Nomura has reviewed its coverage on the non-life sub-sector, highlighting Admiral as its top pick whilst upgrading its rating for Direct Line and downgrading RSA. In a research report on Tuesday, Nomura said: "We are not expecting any major surprises,
Read moreSunday share tips: Tullow Oil, AstraZeneca, Aviva
27th Jan 2013 17:20
It may be time for Aidan Heavey to step aside at Tullow Oil. The former accountant, 59, is rightly feted as one of the oil industry's great entrepreneurs. Beginning with a tiny start-up in 1986 the Irishman turned Tullow into one of the most successful explorers in the world. Its 10.7bn pound market
Read moreLondon close: Stocks extend gains on quiet day
21st Jan 2013 16:36
With Wall Street closed for Martin Luther King Day on Monday, the UK stock market took advantage of low volumes to push London's benchmark index close to levels not seen in five years. "European stock markets benefitted from the lack of news, earnings and economic data released today with the major
Read moreFTSE 100 movers: Meggitt lower on Boeing battery link
21st Jan 2013 16:07
Aerospace components engineer Meggitt was lower after being identified as the ultimate owner of a company which provided battery charger units for Boeing's now grounded Dreamliner air fleet. Pearson was also lower after weakness in the fourth-quarter selling season, which is key for higher educati
Read moreLondon midday: Markets edge higher on light volumes
21st Jan 2013 11:41
- Admiral leads Footsie higher - Wall Street closed for MLK Day - BoJ expected to announce stimulus; Eurogroup meet in Brussels Stock markets across Europe were making small gains on Monday morning with volumes said to be light in the absence of trading on Wall Street later on. "European equities
Read moreLondon open: Admiral leads market higher early on
21st Jan 2013 08:27
The FTSE 100 edged higher in early trading on Monday morning ahead of key meetings in Japan and Europe, though volumes are said to be light given a national holiday in the US. "We could see some choppy markets today, with trading volumes severely reduced as US markets shut in observance of Martin L
Read moreMonday broker round-up UPDATE
21st Jan 2013 07:02
Abbey Protection: Numis increases target price from 90p to 120p and upgrades to add. Admiral: Goldman Sachs upgrades to buy from neutral, raising its price target to 1500p from 1160p before. Aggreko: Bank of America lowers target price from 2700p to 1950p and downgrades to neutral. Anglo Americ
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