London pre-open: Small gains expected ahead of ECB meeting
2nd Aug 2012 07:34
City sources predict the FTSE 100 will open up seven points from yesterday's close of 5,713, ahead of today's European Central Bank policy meeting, which investors are hoping will see leaders opt for further stimulus action following comments by the bank's President, Mario Draghi, made last week in
Read moreAggreko reports robust growth despite European weakness
2nd Aug 2012 07:19
Temporary power and temperature control group Aggreko delivered a strong performance in its first half and said it continues to expect another year of 'good growth' in 2012, but did note 'patchy' growth in Europe. Group revenues increased by 15% from £637m to £734m in the six months to June 30th, u
Read moreTuesday broker round-up
24th Jul 2012 08:15
Aberdeen Asset Management: Societe Generale upgrades to buy from hold. Aggreko: S&P Equity Research upgrades to buy. BT Group: Societe Generale raises target from 210p to 220p, hold rating kept. CareTech: Canaccord Genuity ups target from 166p to 194p, buy rating kept. Carpetright: Merchant Secu
Read moreFTSE 100 movers: Burberry sinks after sales growth slows
11th Jul 2012 15:03
Luxury brand Burberry sank into the bottom spot after underlying sales growth slowed down from 15% in the fourth quarter to 11% in the first quarter. Analysts were expecting a 13% increase. Both Nomura and Bank of America Merrill Lynch cut their target prices for the stock today. Precious metals m
Read moreFTSE 100 movers: Banks dragging index lower
28th Jun 2012 15:07
Shares in Barclays were under heavy selling pressure after the banking group was found guilty of 'market manipulation' into interbank lending rates, prompting calls for the resignation of Chief Executive Officer Bob Diamond. Several other banks, including HSBC, Royal Bank of Scotland (RBS) and Llo
Read moreLondon close: All eyes turn to Greece
15th Jun 2012 16:52
London's top-share index peaked at 5,523 shortly after 10:00 and even fell into the red in the afternoon session just after 15:00 before rallying to close with a modest gain. The fast start was prompted by two things, both relating to banks. The first was reports that central banks stand ready to
Read moreFTSE 100 movers: Banks leap on BofE decision
15th Jun 2012 15:02
Royal Bank of Scotland, Lloyds Banking and Barclays were all sent soaring on Friday after banks reacted positively to the initiatives from the the UK government and the Bank of England to help banks grease the wheels of British commerce. Chancellor George Osborne said the plan, which reports have va
Read moreBroker tips: Whitbread, Dixons, Aggreko
15th Jun 2012 13:08
Dixons is due to report its preliminary results on Thursday 21 June. Consensus expects pre-tax profits to be in the range £65m to £70m and Panumre Gordon analysts are at the top end. The company has already reported fourth quarter sales, which showed an "encouraging" improvement in the UK (+8% lik
Read moreBroker snap: Panmure Gordon retains hold on Aggreko
15th Jun 2012 12:36
"We expect Aggreko to deliver further, high margin predictable growth over the medium term - and that isn't a phrase we can use writing about too many other companies out there," write analyst at Panmure Gordon this morning about temporary power provider Aggreko. Backing up those expectations, the
Read moreLondon midday: More QE could be on the way
15th Jun 2012 12:12
After a bright start on the back of the initiative announced last night to get British banks lending, equities have moved into consolidation mode ahead of this Sunday's big election in Greece. Meanwhile, the failure of last week's Spanish banking hand-out to put an end to the Eurozone crisis appear
Read moreLondon open: Banks buoyed by BoE initiative
15th Jun 2012 09:23
London's leading shares have opened firmer, encouraged by reports that the world's central banks stand ready to act should financial markets freeze up next week in the wake of Greece's general election on Sunday. Global monetary authorities are ready in the event that liquidity is required to ensur
Read moreLondon pre-open: FTSE to rise on reports of central bank action
15th Jun 2012 07:33
City sources predict the FTSE 100 will open up 28 points from yesterday's close of 5,467, boosted pushed higher by reports that central banks are possibly planning coordinated action if required after this coming weekend's Greek elections. With votes scheduled in Greece, Egypt and France this week
Read moreTop-line growth slows at Aggreko
15th Jun 2012 07:06
Temporary power provider Aggreko has seen a slow-down in underlying revenue growth in the second quarter of 2012. The group said it expects first half underlying group revenue will grow by around 15% and trading profit by around 20%. Back in April, the group said both its International Power Projec
Read moreThursday tips round-up: Aggreko, Chemring, Nautical Petroleum
7th Jun 2012 07:07
In the Telegraph Aggreko gets the once over from Questor. There's no doubt it's a successful company, providing temporary power to everything from the Olympics to Glastonbury. Yesterday it announced a 250m-dollar contract to build a temporary power station serving both South Africa and Mozambique. B
Read moreAggreko grabs power contract in southern Africa
6th Jun 2012 11:14
The temporary power company, Aggreko, has signed a deal which will see it build a power station supplying both South Africa and Mozambique. Aggreko has agreed terms with Eskom, the South African power utility, and Electricidade de Moçambique (EDM), the Mozambique power utility, to provide a 107 meg
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