Broker tips: Astra, Admiral, FirstGroup
3rd Nov 2010 12:32
The recent share price weakness of drugs giant AstraZeneca has prompted Panmure Gordon to review the group's long-term prospects, and the broker has found plenty of "reasons to buy today". The broker notes the shares are 7.3% below the year-to-date peak in September and reckons the current share pr
Read moreBroker snap: Reasons to buy at AstraZeneca
3rd Nov 2010 11:09
The recent share price weakness of drugs giant AstraZeneca has prompted Panmure Gordon to review the group's long-term prospects, and the broker has found plenty of "reasons to buy today". The broker notes the shares are 7.3% below the year-to-date peak in September and reckons the current share pr
Read moreLondon close: Footsie takes small step back
29th Oct 2010 17:24
The movements of the FTSE 100 index appeared to be directed by a lackadaisical Grand Old Duke of York today, and the blue-chip index finished (more or less) neither up nor down. British Airways was lower even though it swung to a profit in the first half as the airline improved yields and cut costs
Read moreCPP non-exec buys back shares
29th Oct 2010 16:52
CPP non-executive director Peter Morgan has bought back all the shares he sold in June. The repurchase of 51,696 shares comes the day after the identity theft and credit card insurer released its interim management statement for the period since the end of June 2010. Morgan sold the shares for 2
Read moreLondon afternoon: Footsie returns to blue
29th Oct 2010 15:15
London has finally pulled itself back into the blue helped by a solid start on Wall Street after GDP numbers disappointed slightly. Over here, GfK NOP's consumer confidence index improved to -19 in October, confounding economists' expectations of a slide to -22 or even lower. The survey was taken b
Read moreLondon midday: Miners pull index lower
29th Oct 2010 11:52
Weak miners and a poor reception to results from British Airways have discouraged buyers generally, despite some encouraging news on the consumer confidence front. GfK NOP's consumer confidence index improved to -19 in October, confounding economists' expectations of a slide to -22 or even lower. T
Read moreLondon open: Slow progress for blue chips
29th Oct 2010 08:42
London has made modest early gains despite a poor session in Asia and unconvincing display on Wall Street overnight. British Airways is lower even though it swung to a profit in the first half as the airline improved yields and cut costs. It made a pre-tax profit of £158m in the six months ended 30
Read moreLondon pre-open: Weakness overseas to weigh
29th Oct 2010 07:36
A poor session in Asia this morning and unconvincing display on Wall Street overnight aren't going to help London on Friday it seems. The blue chip index is set to open down around 12 points, with the Japanese Nikkei losing 2% after some disappointing earnings and on worries about next week's US Fe
Read moreAstra agrees proton pump inhibitor deal for Japan
29th Oct 2010 07:02
AstraZeneca will receive a $100m upfront payment from Daiichi Sankyo after agreeing a deal for the co-promotion and supply of Nexium, a proton pump inhibitor, in Japan. The Anglo-Swedish drugs giant will co-promote the product once it is approved for use in Japan, making and developing the product,
Read moreFriday tips round-up: Shell, Aggreko, Croda...
29th Oct 2010 06:48
Earlier this year, Royal Dutch Shell unveiled its new strategy to return to growth after pedestrian trading for many years. Yesterday's third-quarter numbers show that the company might just manage to pull off its ambitious plans, as quarterly output rose 5%. It is trading on a December 2010 earni
Read moreLondon close: Blue chips can't sustain early gains
28th Oct 2010 16:30
After going into a slump just ahead of midday, Footsie picked up over the lunch time session, helped by expectations of a firm start on Wall Street. The Anglo-Dutch oil giant Royal Dutch Shell grew earnings by 18% in the third quarter compared with a year ago, while the underlying figure rocketed
Read moreLondon afternoon: Stuck in consolidation mode
28th Oct 2010 14:53
After going into a slump just ahead of midday, Footsie picked up over the lunch time session, helped by expectations of a firm start on Wall Street. The Anglo-Dutch oil giant Royal Dutch Shell grew earnings by 18% in the third quarter compared with a year ago, while the underlying figure rocketed
Read moreBroker tips: Astra, Sportingbet, Blacks Leisure
28th Oct 2010 13:17
The market had expected the third quarter would be a tough one for AstraZeneca and so it proved. Company revenues declined by 3.7% from a year earlier to $7,898m, but topped market expectations of $7,830, though they failed to meet Panmure Gordon's expectations of $7,961m. Core earnings per share
Read moreFTSE 100 movers: ARM recovers
28th Oct 2010 12:57
Footsie is moving ahead today thanks to a wide range of companies. Chip designer ARM is clawing back some of its recent losses. Vodafone has spent another £21.7m on buying back shares. That takes the total spent since 16 September to £464.5m. The share price has risen by more than 8% in the past
Read moreBroker snap: Panmure still convinced of Astra's appeal
28th Oct 2010 12:14
The market had expected the third quarter would be a tough one for AstraZeneca and so it proved. Company revenues declined by 3.7% from a year earlier to $7,898m, but topped market expectations of $7,830, though they failed to meet Panmure Gordon's expectations of $7,961m. Core earnings per share
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