London close: Stocks down ahead of Fed, employment data divides
12th Sep 2012 16:32
- Ex-div stocks and miners weigh on Footsie - Germany approves ESM - All eyes turn to the Fed - Dutch elections tonight Following a stint in the blue after Germany's decision to approve the Eurozone rescue fund, the Footsie had sunk firmly into the red by the close with ex-dividend stocks and minin
Read moreFTSE 250 movers: Barratt drops despite soaring profits
12th Sep 2012 13:54
House-builder Barratt Developments was firmly in the red despite revealing a 159.3% rise in pre-tax profit in the year to June 30th. The group signalled its intention to pay a final dividend in respect of the current financial year, but there was no pay-out for the financial year just gone. Oil an
Read moreLondon midday: Stocks rally after German vote on ESM
12th Sep 2012 11:48
- Stocks jump after ESM vote in Germany - Spain considering ECB bond purchases - Banks lead the rally The FTSE 100 had swung into positive territory by Wednesday lunchtime with banking stocks in the lead after Germany's high court approved the Eurozone's new rescue fund, the European Stability Mec
Read moreBroker tips: Kingfisher, Wolseley, Barratt
12th Sep 2012 11:10
Seymour Pierce has downgraded its rating for B and Q owner Kingfisher from 'hold' to 'sell' and trimmed its target price from 290p to 240p following the group's first-half results which were significantly affected by the weather and foreign exchange losses. "Despite downgrades in recent weeks, inte
Read moreBroker snap: Barratt's surge has further to go, says Panmure
12th Sep 2012 11:05
Panmure Gordon has reiterated its positive view of house-builder Barratt Developments in spite of the negative market reaction to the firm's preliminary results on Wednesday, saying that there's still plenty of upside to the stock. Results were broadly in line with the broker's estimate following a
Read moreDebt dives but no divi yet at Barratt Developments
12th Sep 2012 09:27
Debt is being reduced apace at Barratt Developments but the house builder is not quite yet ready to resume dividend payments. Some brokers had expected Barratt to return to the dividend standard after a four year gap, but shareholders will have to wait until after the end of the current financial y
Read moreWednesday broker round-up
12th Sep 2012 08:54
African Minerals: Jefferies keeps buy rating and 550p target. Ashmore: UBS raises target from 370p to 390p, buy rating kept. ASOS: Panmure Gordon lifts tagged from 2,179p to 2,378p, buy rating kept. Barratt Developments: Panmure Gordon keeps buy rating and 190p target; Jefferies keeps buy rating
Read moreLondon open: Stocks cut losses slightly after German decision
12th Sep 2012 08:27
- German Constitutional Court approves ESM - Major events still to come this week - China's Wen confirms GDP growth UK stocks are holding slightly lower in early trading on Wednesday although the initial reaction to the German Constitutional Court's (GCC) decision on the European Stability Mechanis
Read moreLondon pre-open: GCC and Weidmann in the spotlight
12th Sep 2012 07:30
City sources predict the FTSE 100 will open down four points from yesterday's close of 5,792, taking the lead from markets in Europe. On today's schedule, the highest court in Germany (GCC) will announce its ruling on whether the country considers its participation in the permanent European Stabil
Read moreBarratt Developments to resume divis in 2013
12th Sep 2012 07:16
The description of house builder Barratt Developments as 'debt-laden' is set to become a thing of the past after a bumper year which saw profits saw and net debt almost halved. Group revenue in the year ended June 30th up by 14.1% to £2,323.4m, with completions well ahead at 12,637 units versus 11,
Read moreWednesday preview: Decision day in Germany
11th Sep 2012 17:30
Economists have been mystified why the UK labour market has been holding up reasonably well despite the economy shifting back into reserve, and Wednesday might see a further bout of head-scratching as unemployment figures are released at 9:30. Expectations are that the unemployment rate on the Inte
Read moreLondon close: Miners jump on hopes of central bank action
3rd Sep 2012 16:45
- Central banks in China, US and Europe expected to act - UK manufacturing beats expectations - Fresnillo leads miners higher Stocks markets in the States may have been closed for Labour Day but that didn't stop bourses in Europe from registering decent gains on Monday, with London's Footsie starti
Read moreFTSE 250 movers: Talvivaara gains after reassuring investors
3rd Sep 2012 15:17
Finnish zinc and nickel mining company Talvivaara was a high riser after it denied it will be cutting jobs as part of a cost savings plan. Rumours had been circulating that the low price of nickel would force a reduction in headcount. Shares in Lonmin, one of the world's biggest platinum producers
Read moreFriday broker round-up
29th Jun 2012 09:13
Barclays: Oriel Securities downgrades to hold, target cut from 285p to 200p. Barratt Developments: JPMorgan Cazenove downgrades to neutral, target raised from 135p to 155p. BG Group: UBS cuts target from 1,785p to 1,730p. Corin: N+1 Brewin upgrades to add. Debenhams: HB Markets downgrades to sel
Read moreFriday tips round-up: WPP, Wood Group, Barratt
11th May 2012 06:54
In the Telegraph Questor is still keen on advertising goliath WPP. Yesterday it reported strong revenue growth in all regions, with emerging markets, in particular booming (+11.2 per cent over the prior year). This year has the "golden triple" of the European football championships, the London Oly
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