Thursday broker round-up - UPDATE
17th Nov 2011 09:45
Intertek: Credit Suisse reiterates outperform rating and 2,250p target - "Focus List stock". Imperial Tobacco: Nomura downgrades from buy to reduce, target cut from 2,400p to 2,150p. British American Tobacco: Nomura raises target from 3,020p to 3,320p, buy rating maintained. Experian: Credit Suis
Read moreSunday tips round-up: Renishaw, Petrofac, Amlin
28th Aug 2011 18:50
Wotton-under-Edge is a quaint country town at the periphery of the Cotswolds. It is also home to Renishaw, a company making some of the most advanced tools and measuring systems in the world. The stock has lost a third of its value in less than a month, hit by concerns about global economic conditio
Read moreSector movers: Admiral drives down non-life insurance stocks
24th Aug 2011 14:49
A huge 13% fall in Admiral's share price on Wednesday was weighing down the non-life insurance sector. The car insurer plummeted despite unveiling record interim pre-tax profits that jumped 27% to £160.6m, from £126.9m the year before. While the profit figure was more or less in line with estimat
Read moreLondon close: Higher finish for FTSE 100
22nd Aug 2011 16:35
The FTSE 100 quickly snapped out of its poor start to finish with gains, though these were somewhat off earlier highs following the start of trading on Wall Street. Gold producers such as Randgold Resources and Petropavlovsk were driven higher by rising prices for the precious metal. Oilfield serv
Read moreFTSE 250 Movers: IG does well out of the economic turmoil
22nd Aug 2011 12:16
While creating a headache for most, the recent volatility in stock markets has helped spread-betting firm IG Group achieve record levels of client activity in its first quarter, giving a generous boost to its share price. Despite it being holiday season in the majority of the group's markets, IG e
Read moreLondon midday: Stocks post big gains as miners advance
22nd Aug 2011 12:11
Despite a faltering start, the FTSE 100 is now posting near triple-digit gains with resource stocks in particular posting big gains. A surging gold price, which stands just below the $1,900 level drives FTSE 100 miner Randgold Resources to the top of the pile. Oilfield services group Petrofac was
Read moreLondon open: Randgold leads risers as Footsie gains 0.6%
22nd Aug 2011 08:31
After slipping into the red in the opening minutes, the blue chip index quickly swung into the blue, recovering after the steep sell-off seen late last week. A surging gold price, which stands just below the $1,900 level drove FTSE 100 miner Randgold Resources to the top of the pile. Oilfield serv
Read moreAmlin swings to loss in catastrophic half
22nd Aug 2011 07:22
Amlin swung to a deep loss in the six months ended 30 June, as a result of what the FTSE 250 insurance and reinsurance underwriter called "unprecedented first half catastrophe loss activity". The firm reported a pre-tax loss of £192.3m in the period, down from a profit of £107.6m in the same period
Read moreFTSE 250 Movers: Logica heads south
5th Aug 2011 13:39
Software provider Logica's share price took a tumble after the group reported a fall in pre-tax profits after its exposure to the squeezed public sector pushed it to an underlying loss in the Benelux countries. Amlin's share price started to rise again following a drop after the underwriter's anno
Read moreBroker tips: Fresnillo, BHP Billiton, Amlin
3rd Aug 2011 12:56
Citi has kept its hold rating on gold and silver mining giant Fresnillo, highlighting a "small miss" in its half-year figures. The company reported $422m of attributable net profit in the first half of 2011 (excluding Silverstream), under the US broker's expectations of $467m. Earnings per share of
Read moreBroker snap: UBS downgrades Amlin after profit warning
3rd Aug 2011 11:38
Following Amlin's announcement on Tuesday that it is unlikely to meet its profit targets for the full year, UBS has downgraded the underwriter from buy to neutral. Due to the cut to profit guidance, the broker has reduced its full-year earnings per share forecast for 2011 by 129% to -2.4p, and by 1
Read moreAmlin to miss first half targets
2nd Aug 2011 16:54
Shares in Amlin plummeted over 16% in afternoon trading after the underwriter warned that it is likely to miss its profit targets for the full year. Amlin, the biggest Lloyd's of London insurer by market value, revealed that for the first half it is £65m below its previous pre-tax expectations an
Read moreLondon close: Poor start on Wall Street fuels late sell-off
2nd Aug 2011 16:32
A poor start on Wall Street spurred a late decline in London on Tuesday, as the Footsie fell nearly 1% in afternoon trading, despite trading sideward for the majority of the day. The main US equity benchmarks are now trading firmly in the red following worse than expected economic numbers out in t
Read moreAmlin sales up and says premiums rising
12th May 2011 10:40
Amlin, the biggest Lloyd's of London insurer by market value, said sales went up 14% for the four months ended 30 April 2011 at £1,1bn. This compared to £964m in the same period of 2010 with much of the gain driven by new business in Amlin's UK division. The firm also said that following the natur
Read moreWednesday tips round-up: Home Retail, Cambium, Amlin
6th Apr 2011 06:33
Home Retail was back in the spotlight yesterday after it emerged that a US private equity investor had bought a 4.25% stake in the owner of Argos and Homebase. But with consumer spending likely to be in the doldrums for the rest of this year, the Independent thinks a bid is unlikely and Home Retail
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