FTSE 250 movers: Afren shares jump on strong Q3
31st Oct 2013 13:59
Oil and gas company Afren saw its shares rise strongly after it achieved a six per cent rise in third quarter pre-tax profit to 427m dollars, driven by an increase in revenue and production. Revenue grew 9% to $1.2bn in the nine months ended September 30th, as production jumped 18% to 48,573 barre
Read moreThursday broker round-up UPDATE
17th Oct 2013 09:45
AGA Rangemaster Group: N+1 Singer ups target price from 135p to 150p and stays with its buy recommendation. Anglo American: HSBC raises target price from 1610p to 1740p maintaining an overweight rating. Antofagasta: HSBC increases target price from 900p to 990p and upgrades to overweight. Aquariu
Read moreThursday broker round-up UPDATE
10th Oct 2013 08:36
Ashmore Group: Canaccord Genuity takes target price from 380p to 400p and retains a hold recommendation. Numis shifts target price from 380p to 390p reiterating its hold recommendation. Ashtead Group: Numis upgrades to add with a target price of 670p. Berkeley Group: Panmure Gordon moves target pr
Read moreSector movers: Housebuilders boosted by 'Help to Buy', economic data
30th Sep 2013 14:28
An improving outlook for the UK housing market gave stocks in the home construction sector a bit of a boost on Monday, one of the few categories immune to the wider market sell-off. Stocks were lifted by the weekend's news that the second phase of the government's housing stimulus scheme, 'Help to
Read moreDialight Finance Director sells shares to cover vesting costs
19th Sep 2013 15:39
The Group Finance Director of Dialight this week sold 21,284 shares in the group, less than a week after it warned of contract delays and flat profits. Mark Fryer sold the shares at 1,150p each in a transaction that was made in order to meet his tax and national insurance liabilities, which crysta
Read moreFRC launches investigation into Pricewaterhouse audit of Berkeley Group´s results
16th Sep 2013 15:18
The Financial Reporting Council (FRC) has launched an investigation, under the Accountancy Scheme, into whether PricewaterhouseCoopers LLP was independent when it conducted the audit of The Berkeley Group Holdings financial statements for the year ended April 30th 2012, as a result of a former partn
Read moreSector movers: Housebuilders gain on construction data
13th Sep 2013 14:51
The household goods and home construction sector was the best-performing category on Friday, extending its impressive surge over the last year. Investors seemed to be shrugging off heightened fears of a 'bubble' in the UK housing market and instead are focusing on a continuing improvement in econom
Read moreTuesday tips round-up: Rio Tinto, WANdisco, Berkeley Holdings
3rd Sep 2013 07:20
Rio Tinto's interim figures out yesterday showed pre-tax profits halved, to 3.2bn dollars. Yet given the improvement in prospects for China, a rise in commodity prices, a reduction in capital expenditures and significant cost-cutting measures analysts expect the company's cash-flows to double over t
Read moreFTSE 250 movers: Inmarsat jumps after Morgan Stanley upgrade
2nd Sep 2013 15:36
Satellite operator Inmarsat jumped on Monday after Morgan Stanley upgraded its rating on the stock from 'equalweight' to 'overweight', citing the potential for its US business given the possible 'reactivation' of its co-operation agreement with US group LightSquared. The broker raised its target pri
Read moreMonday broker round-up UPDATE
2nd Sep 2013 08:57
Berkeley Group: Panmure Gordon raises target price from 2046p to 2150p and reiterates a hold recommendation. Betfair: Panmure Gordon increases target price from 1000p to 1317p and maintains a buy recommendation. BHP Billiton: WH Ireland downgrades to neutral. British Land: Exane ups target price
Read moreBerkeley Group sales boosted by Help to Buy
2nd Sep 2013 07:13
Berkeley Group said forward sales of homes had increased and now stand at more than 1.5bn pounds. The house builder said UK domestic sales were boosted by improving consumer confidence and the Government's Help to Buy scheme. The company said trading in the four months to August 31st met its own ex
Read moreDairy Crest Financial Director reduces stake by 3,000
27th Aug 2013 15:37
Tom Atherton, the Financial Director of Dairy Crest Group, has sold 2,944 shares, reducing his stake in the company to 3,347. The shares were sold at the average price of 510p over a period of three days. The dairy foods company last month said overall trading in the first quarter was in line wi
Read moreCLS Chairman sells shares, while Vice Chairman tops up stake
16th Aug 2013 16:06
The Chairman of CLS Holdings cut his sizeable stake in the company this week while the Vice Chairman chose to increase his holding, just two days after the property group impressed the market with its first-half report. CLS said on Friday that Sten Mortstedt, the Chairman who established the firm i
Read moreSector movers: Mining, housing stocks making gains
16th Aug 2013 14:56
Gold and silver prices cemented recent gains on Friday due to safe-haven demand, pushing shares prices in the mining sector higher in afternoon trade. Precious metals peers Randgold Resources and Fresnillo were standout performers as gold edged closer to a two-month high while silver stayed close
Read moreHighland Gold Chairman spends big after recent share-price weakness
11th Jul 2013 16:27
The Non-Executive Chairman of Russia-focused resources group Highland Gold Mining invested over one million pounds in the firm one day after the stock reached a 52-week low. As has been the case with the wider mining sector, the share price has suffered since the start of the year as commodity pric
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