London pre-open: Flat start for FTSE
12th Apr 2012 07:27
City sources predict the FTSE 100 will open up 4 points from yesterday's close of 5,635, with investor sentiment somewhat buoyed by gains in the US, but nonetheless dampened by ongoing concerns over the Eurozone. Temporary power and temperature control solutions group Aggreko claims to have had a
Read moreImpressive start for Aggreko
12th Apr 2012 07:06
Temporary power and temperature control solutions group Aggreko claims to have had a 'very strong' first quarter, with both International Power Projects and the Local business growing underlying revenues by over a fifth. Underlying group revenues as a whole increased by 21% in the three months to M
Read moreMonday broker round-up - UPDATE
26th Mar 2012 09:24
Aberdeen Asset Management: Peel Hunt upgrades from hold to buy, target left at 280p. Aggreko: Peel Hunt retains hold rating and 2,200p target. Amlin: Nomura downgrades from buy to neutral, target left at 383p. Anite: Peel Hunt raises target from 150p to 165p, buy rating kept. BBA Aviation: Jeffe
Read moreAggreko to buy Brazilian firm
26th Mar 2012 07:09
Temporary power solutions provider Aggreko is to buy Brazilian firm Poit Energia as it continues to expand into fast growing economies. The firm will pay R$404m (£140m) with the potential for up to R$60m (£21m) to be paid in addition if performance targets for 2012 are met. Poit Energia has opera
Read moreTuesday broker round-up
20th Mar 2012 10:04
Aggreko: Credit Suisse raises target from 2,140p to 2,350p, neutral rating kept. ARM Holdings: BarCap upgrades from equal weight to overweight, target lifted from 700p to 725p; Investec upgrades from hold to buy, target lifted from 640p to 800p. Centrica: Nomura raises target from 340p to 350p, n
Read moreWednesday tips round up: Gulf Keystone, Laird, Aggreko,...
14th Mar 2012 06:52
In the Times, Tempus ponders the ups and downs of Gulf Keystone, the oil explorer focused on Kurdish Iraq. It has a significant prospect called Shaikan, which could net half a million barrels per day but the politics are complicated. The Iraqi government put the frighteners on companies, like Exxo
Read moreMonday broker round-up
12th Mar 2012 09:51
Aggreko: UBS ups target from 2,400p to 2,500p, buy rating unchanged. AMEC: Societe Generale upgrades from hold to buy, target hiked from 950p to 1,320p. Antofagasta: Oriel Securities downgrades from add to hold, target cut from 1,294p to 1,258p. Ark Therapeutics: Collins Stewart keeps buy recomme
Read moreLondon close: Stocks rise as Greece secures bailout
9th Mar 2012 16:43
- 85.8 per cent of private creditors accept Greek bond-swap - Juncker says that bailout conditions have been met - Aggreko leads the rise after results After a subdued start, the Footsie jumped into the blue in afternoon trade on Friday, after Eurogroup President Jean-Claude Juncker said that the G
Read moreFTSE 100 movers: Aggreko up on strong revenues
9th Mar 2012 12:54
Temporary power and temperature control solutions provider Aggreko was a top riser after it saw strong growth in revenues in 2011 despite going up against tough comparative figures from 2010, a year which saw the FIFA World Cup, the Winter Olympics and the Asian Games. Group revenue rose 14% to £1,
Read moreLondon midday: Lacklustre reaction to Greek debt-swap
9th Mar 2012 11:36
- 85.8 per cent of private creditors accept Greek bond-swap. - Merkel 'pleased' with high participation. - Broker downgrades take their toll on miners, oil stocks. The FTSE 100 index was trading just a few points lower by midday as Greece's crucial debt-swap deal failed to inspire confidence in th
Read moreFriday broker round-up
9th Mar 2012 10:00
ITV: Goldman Sachs raises price target to 137p from 102p, keeps at buy. Admiral: UBS hikes target from 890p to 1,085p, neutral rating unchanged. Bank of America-Merrill Lynch downgrades to underperform from neutral. AGA Rangemaster: Merchant Securities reiterates buy rating and 102p target. Ca
Read moreLondon open: Markets cautious after Greek bond-swap
9th Mar 2012 08:23
- 85.8 per cent of private creditors accept Greek bond-swap. - Miners on the fall, Fresnillo falls after downgrade. - Weir loses out to FLSmidth. It was a tentative start for the FTSE 100 on Friday as news of Greece receiving a high participation rate in its debt-swap deal underwhelmed investors wi
Read moreAggreko powers on, increases investment in fleet - UPDATE
9th Mar 2012 07:16
The share price of Aggreko shows no signs of cooling down as it hit a new all-time high following another strong set of results from the temperature control solutions provider. Group revenue rose to £1,396m in 2011 from £1,230m in 2010; that's a 14% increase, but when adjustments are made for curre
Read moreFriday preview: Aggreko, JD Wetherspoon, Marshalls
8th Mar 2012 15:45
Temporary power solutions provider Aggreko has been doing very well out of an increasing number of ever larger spectator events, such as the Olympics and the World Cup, but most of those seem to take place in even numbered years, so 2011 may not be a real bonanza year for the Scottish firm. Neverth
Read moreSunday newspaper round-up: Oil, Greece, Trading volumes
4th Mar 2012 16:04
BP has reached a $7.8bn (£4.9bn) deal to settle claims by more than 100,000 fishermen who lost work, cleanup workers who got sick and other private claimants who were affected by the 2010 Gulf of Mexico oil spill, ahead of a lengthy and damaging court showdown over liability. The British oil giant s
Read more