FirstGroup chief executive's wife sells stake
16th Jun 2010 15:17
The wife of Sir Muir Lockhead, the chief executive of FirstGroup has sold her stake worth nearly £400,000 in the bus and train operator. Lady Audrey Lockhead offloaded just over 100,000 shares in the company at 394.2p a time. She no longer has any shares in the company, but her husband still has a
Read moreLondon afternoon: Footsie flat
16th Jun 2010 14:41
Footsie dropped into the red over the lunchtime session before crawling back into positive territory. Little seems capable of getting investors excited, with even the highly volatile BP having a relatively quiet day. Part-nationalised lender Royal Bank of Scotland is the best performing blue chip.
Read moreMARKET TALK: Budget Could Stall Mid/Small Cap Outperformance
16th Jun 2010 10:56
0956 GMT [Dow Jones] Next week's UK budget could mark the end of the outperformance of mid and small-cap stocks, due to their generally higher exposure to government contracts, says Deutsche Bank. Suggests the IT services sector, newspapers, defense stocks and housebuilders could continue to struggl
Read moreMARKET TALK: Citigroup Raises Aggreko To Buy From Hold
16th Jun 2010 07:43
0643 GMT [Dow Jones] Citigroup upgrades Aggreko (AGK.LN) to buy from hold, and lifts its target price to 1733p from 1450p. Says the investors' trip to Africa highlighted the sheer magnitude of opportunity which Aggreko has over the short, medium and long run in temporary power. "We think there are m
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
16th Jun 2010 07:43
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0643 GMT [Dow Jones] Citigroup upgrades Aggreko (AGK.LN) to buy from hold, and lifts its target price to 1733p from 1450p. Sa
Read moreBroker tips: Aggreko, Majestic, Weir
14th Jun 2010 12:40
An exhaustive visit to nine of Aggreko's sites in Africa has not changed Panmure Gordon's mind about the company's shares, which it thinks are fairly valued by the market, though the broker was impressed with the growth prospects for the temporary power provider over the long term. "In addition to
Read moreBroker snap: Aggreko focused on efficiency
14th Jun 2010 11:20
An exhaustive visit to nine of Aggreko's sites in Africa has not changed Panmure Gordon's mind about the company's shares, which it thinks are fairly valued by the market, though the broker was impressed with the growth prospects for the temporary power provider over the long term. "In addition to
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
14th Jun 2010 10:22
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0922 GMT [Dow Jones] Investec Securities raises Aggreko (AGK.LN) price target to 1550p from 1500p, following an investor v
Read moreMARKET TALK: Investec Raises Aggreko Price Target
14th Jun 2010 10:22
0922 GMT [Dow Jones] Investec Securities raises Aggreko (AGK.LN) price target to 1550p from 1500p, following an investor visit last week. Says the visit reconfirmed Investec's view that there remains strong earnings growth potential for the foreseeable future. Says on current year valuation grounds,
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
9th Jun 2010 09:53
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0853 GMT [Dow Jones] Citigroup raises Aggreko (AGK.LN) price target to 1450p from 1200p. Says the interim management statemen
Read moreMARKET TALK: Citigroup Raises Aggreko Price Target
9th Jun 2010 09:53
0853 GMT [Dow Jones] Citigroup raises Aggreko (AGK.LN) price target to 1450p from 1200p. Says the interim management statement is strong and the business is performing well. Increases '10 EPS forecast to 73.2p from 66.1p and '11 to 77.7p from 71.4p. Says most of this is down to better underlying tra
Read moreWednesday tips round-up: Tesco, WH Smith, Aggreko
9th Jun 2010 07:00
Tesco faces challenges in the current market. Sales growth in the UK is unlikely to be spectacular and the improvement in its global operations will be slow and steady, tied into the economic recovery. Also, Fresh 'n' Easy in the US is yet to make a profit. However, retiring chief executive Sir Te
Read moreLondon close: Footsie at 2-week low
8th Jun 2010 16:14
London fell for the third session in a row Tuesday, damaged by a further slump at BP and as a wave of selling sank the banking sector. Comments from ratings agency Fitch about Britain's "formidable" budget deficit didn't go down well, but it was BP that stood out, hitting a 20-month low as the flow
Read moreFTSE 100 movers: BP continues to sink
8th Jun 2010 15:16
BP is yet again leading the Footsie lower after a double blow to its prospects delivered in the US and Russia. US president Barack Obama has said he'd sack the company's chief executive Tony Hayward in an interview with NBC to be aired tonight. Obama took exception to Hayward's comments that he wan
Read moreLondon afternoon: Miners revival not enough
8th Jun 2010 14:40
Footsie staged a small revival over the lunch time session, helped by a recovery by mining stocks, but the majority of FTSE 100 constituents are still in the red with laggards outnumbering leaders by three to one. BP is again among the worst performers as US president Barack Obama said he'd sack t
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