Broker tips: Power companies, Sainsbury, Aveva
18th Mar 2011 13:07
The unfolding events in Japan are likely to have shifted the public's perception of nuclear energy, but it is still very early to say exactly how this will affect the UK power sector, according to broker Matrix. "We have analysed a number of speculative global policy responses to show the impact on
Read moreBroker snap: Japanese fears overdone at Aveva
18th Mar 2011 12:13
Panmure Gordon stays on the fence at Aveva as the situation in Japan deteriorates, but notes that any further weakness in the shares should create a buying opportunity. The developer of engineering data and design information technology systems has seen its share price fall around 8% in the last we
Read moreTechMARK movers: Ark continues to sink
11th Mar 2011 12:09
Shares in drug developer Ark Therapeutics are continuing to fall after Wednesday's results for 2010. The shares have fallen by 12% this week. Ark reported a loss of £16.9m, down from £20.2m in 2009, but still a significant figure. Chairman Iain Ross admitted that it was "not a good year for shareh
Read moreAveva on an even keel
28th Jan 2011 07:30
Aveva, the developer of engineering data and design information technology systems, remains confident of a successful out-turn for the year after a solid final quarter of 2010. The Asia Pacific division is continuing to perform well with Power and Oil and Gas being the main drivers behind the succe
Read moreLondon close: Shares fall back amid global worries
10th Nov 2010 16:34
Footsie was posting substantial losses by trading's close as losses in the mining sector cancelled out any optimism engendered by company updates. As usual, it was global economic concerns that weighed on the mining sector. US stocks are under pressure amid worries over China's efforts to curb infl
Read moreLondon afternoon: BAE takes off
10th Nov 2010 15:10
Mining stocks are dragging London lower as copper and precious metal prices come off the boil. Kazakhmys, Lonmin and ENRC are the worst performers while precious metals miners Randgold and Fresnillo fare little better. BAE Systems is the best performing blue-chip after holding an investor day ye
Read moreFTSE 250 movers: Talvivaara shines after production hike
10th Nov 2010 14:35
Talvivaara Mining is in demand after the nickel and zinc miner set production records in the third quarter. In the third quarter nickel production rose 18% from the preceding quarter to 3,211 tonnes. Zinc production rose 36% from the second quarter to 7,557 tonnes. Fenner is higher after a bit of
Read moreTechMARK movers: Better second half for BATM
10th Nov 2010 13:24
Telecoms and medical equipment supplier BATM says that its second half revenue and operating profit will be better than the first half figures. BATM expects second half revenues of around $63m, a 14% increase on the first half. The full year revenues are $119m. A first half operating profit of $1.
Read moreLondon midday: Footsie slips back as miners give up gains
10th Nov 2010 12:03
Company updates have been given a mixed reception, but a retreat in the mining sector has Footsie in the red. Miners are weak after as profit takers cover some of their gains after the new highs for gold and silver yesterday. Gold miner Randgold and platinum group Lonmin are the worst performers.
Read moreLondon open: Slow start after mixed results
10th Nov 2010 08:54
London has made a slow start with miners running into profit taking after their good run and a mixed response to the latest slug of trading updates. Sainsbury's made enough money to keep analysts happy during the first half though and sales were pretty much as expected given the supermarket giant u
Read moreAVEVA grows, appoints new CFO
10th Nov 2010 07:47
Engineering software firm AVEVA saw a return to growth in sales and profits at the interim stage. Revenue in the six months to the end of September rose 12% to £78.5m from £69.9m at the interim stage last year. That was ahead of broker Panmure Gordon's forecast of £77m. Recurring revenue rose 11
Read moreWednesday preview: Sainsbury, SSE, Aveva, BoE inflation report
9th Nov 2010 16:19
It's just over a month since supermarket firm J. Sainsbury updated the market, so Wednesday's interim numbers should not contain too many surprises. The company said last month that total sales for the 16 weeks to 2 October jumped 6.6% (5.2% without fuel) and were up 7% for the six months (4.8% ex
Read moreWednesday tips round-up: Aveva, Punch, ASOS...
13th Oct 2010 06:48
Aveva produces software that helps a range of industries design industrial plants and capture and maintain their data. Its systems have been used by big players in the oil and gas markets, the power industry and even ship designers. Analysts point to significant opportunities for the company in th
Read moreLondon close: Footsie rallies but finishes lower
12th Oct 2010 16:46
London battled hard to undo early losses, but fell just short, closing a few points in the red, amid a backdrop of lower commodity prices and sobering trading updates. Miners were under the cosh. Xstrata was among the heavy fallers in the mining sector. It said today it is starting work again at
Read moreLondon afternoon: Resource stocks a drag
12th Oct 2010 14:09
Equity prices continued to recover over the lunch time session though the blue-chip index remains in the red, largely thanks to the weakness of resource stocks. Xstrata, Lonmin, and Antofagasta are the worst hit of the miners, though the whole sector is lower. Metals prices have fallen back as the
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