Broker tips: IG Group, Mothercare, Business service stocks
29th Nov 2011 12:58
Prime Markets recommends buying shares in IG Group, saying that the European sovereign debt crisis creates "ideal conditions" for the spread-betting firm. The group said this morning that it has continued to see high levels of client activity during its second quarter and first half revenues will b
Read moreBroker snap: Credit Suisse assesses impact of euro recession on business services
29th Nov 2011 10:22
Credit Suisse has reassessed its ratings and forecasts across the business services sector to reflect a more challenging environment in which it envisages Europe falling back into a recession in the fourth quarter. The broker said: "Our base case FY12-13 EPS estimates fall by an average of 4-5% to
Read moreTuesday tips round-up: Ricardo, Aggreko, Reed Elsevier
27th Sep 2011 06:48
Ricardo has never been busier turning out the sort of supercars that would seem to be out of the price range of anyone barring investment bankers and Russian oligarchs. The company's performance products division, which is the part of Ricardo that actually makes things as opposed to advising how to,
Read moreLondon midday: Stocks stuck lower ahead of Greek announcement
21st Sep 2011 12:02
The top share index remains a few points in the red, with all eyes on Greece ahead of the sticken Eurozone member's announcement of austerity measures. Greece's foreign minister Stavros Lambrinidis has assured that the country will stay in the euro and not default. "For the past year and a half I'
Read moreLondon open: Greek worries drag down market early on
21st Sep 2011 08:34
Markets opened lower on Wednesday morning on the back of ongoing concerns over the Eurozone, despite a Greek official assuring that the country will not default. Meanwhile, investors in London await the release of the policy rate decision from the Bank of England's Monetary Policy Committee (MPC) du
Read moreSunday tips round-up: IMI, Aggreko, Zetar, Monitise
4th Sep 2011 14:02
"The recent market rout has hit shares in good companies hard," says the Questor team at the Sunday Telegraph today, and in their judgement engineering group IMI is one such company. In the six months to June the manufacturer of industrial air- conditioning units, engineering for hydraulic systems a
Read moreThursday tips round-up: Cape, Aggreko, bwin.party...
1st Sep 2011 07:00
For the first set of figures as a company with a main listing, the interims from Cape were a touch underwhelming, according to the Tempus column at the Times. They were greeted with a 6¾p fall in the share price to 480p. Revenues were pretty well flat at £335 million and profits before tax fell by 1
Read moreFriday tips round-up: Glencore, IMI, SIG...
26th Aug 2011 06:57
The Questor column at the Telegraph says it was wary of Glencore's shares when the mining and commodities trading house floated in London and Hong Kong in May. Questor thought there were likely to be better opportunities elsewhere that carried less risk. Three months on from their debut and Glencore
Read moreLondon close: Stocks slide after US jobs disappointment
25th Aug 2011 16:39
After an uncertain start following a raft of mixed company updates, London's leading share index finished firmly in the red as some weak US jobs data set nerves on edge. Unemployment claims in the world's biggest economy unexpectedly rose by 5,000 to 417,000 in the week to 20 August. Traders are n
Read moreLondon midday: Mixed reception for deluge of updates
25th Aug 2011 12:10
London's leading share index is uncertain today as the continuing stream of company updates gets a mixed reception. Kazakhstan-focused copper miner Kazakhmys is in demand after it said underlying profits were 24% ahead in the first half and revealed details of a $250m buy-back programme. The group
Read moreLondon open: Company results drive FTSE 100 up 0.7%
25th Aug 2011 08:32
Some pleasing company results drove the Footsie higher in early trading while the banks were also providing a lift. Kazakhstan-focused copper miner Kazakhmys was a high riser after it said underlying profits were 24% ahead in the first half and revealed details of a $250m buy-back programme. The gr
Read moreAggreko ups profits guidance
25th Aug 2011 07:30
The absence of big sporting events meant that first half profits for Aggreko, the high-flying supplier of temporary power and temperature control, took a bit of a dip, but that did not stop the company from increasing its full-year profits guidance. "Although the prospects for the global economy in
Read moreLondon close: FTSE 100 back above 6,000
4th Jul 2011 16:56
The top share index finished well clear of the 6,000 point mark as the rally following the Greek parliament's vote in favour of austerity measures continued. Property group British Land was among the top risers. Panmure Gordon has been casting its eye over the company and notes that it offers "an a
Read moreLondon midday: Comet sale talk jolts Kesa and Dixons higher
22nd Jun 2011 12:02
Stocks are struggling to move into the blue as the Greek debt crisis drags on though there are some big share price movements. Back in London, the focus is on corporate news flow. Kesa Electricals is going well even after poor trading at its UK chain Comet held back sales in the year to 30 April an
Read moreLondon open: Subdued start despite Greek relief
22nd Jun 2011 08:33
Hopes that the Greek government winning a vote of confidence overnight would put investors in an optimistic frame of mind have come to nought, with the blue-chip index opening a handful of points lower. The government of George Papandreou secured 155 of the votes in the 300-seat Greek parliament i
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