AGA Rangemaster directors celebrate annual results
7th Mar 2014 15:38
AGA Rangemaster directors William McGrath and Shaun Smith celebrated a positive set of annual results with the purchase of shares. Chief Executive McGrath added 19,400 shares at 180.30p each for a total spend of £34,978, while Chief Financial Officer Smith spent £20,013 on 11,100 shares. The com
Read moreWednesday broker round-up UPDATE
26th Feb 2014 08:54
Anglo Pacific: FinnCap cuts target price from 279p to 216p, downgrades to hold. Ashmore Group: UBS reduces target price from 405p to 355p, while leaving its buy recommendation unchanged. Jefferies cuts target price from 475p to 375p, while its buy recommendation is kept. Barclays lowers target pric
Read moreTuesday broker round-up UPDATE
25th Feb 2014 08:40
African Barrick Gold: Canaccord Genuity raises target price from 205p to 315p and upgrades from hold to buy. Ashmore Group: Canaccord Genuity takes target price from 205p to 315p and downgrades from buy to hold. Associated British Foods: Jefferies increases target price from 2450p to 2600p retaini
Read moreLondon close: Stocks end higher, boosted by gains Stateside
24th Feb 2014 16:32
- FTSE closes up 28 points, Bunzl leads - Yellen praised for strong G20 performance - Eurozone CPI revised slightly higher techMARK 2,917.47 +0.80% FTSE 100 6,865.86 +0.41% FTSE 250 16,539.29 +0.48% UK stocks got the week off to a decent start, lifted by strong performances from Vodafone and Bunzl
Read moreFTSE 100 movers: Vodafone rises after completion of share consolidation
24th Feb 2014 14:17
Vodafone shares were higher following the completion of the sale of its stake in Verizon Wireless and the attendant share consolidation. The sale has reduced the value of the telecoms giant by nearly 51bn pounds. The firm also announced its intention to redeem approximately 3.5bn pounds of its own n
Read moreShorecap sees Bunzl 2014 earnings upgrade of up to five per cent
24th Feb 2014 09:39
Shorecap said it plans to upgrade its 2014 forecasts by up to five per cent for Bunzl after the company's 2013 profits came in above expectations. The broker maintained its 'buy' stance on the stock with a target price of 1483p. "A strong performance was delivered in all metrics. Revenues at £6.1
Read moreLondon open: Chinese data pushes stocks into the red
24th Feb 2014 08:20
- Rate of Chinese property price growth slows - Carney dismissed banks' capital requirement concerns - Bunzl jumps on strong results techMARK 2,898.44 +0.14% FTSE 100 6,823.97 -0.21% FTSE 250 16,449.66 -0.07% Disappointing data out from China overnight pushed the FTSE firmly into the red this mor
Read moreMonday broker round-up UPDATE
24th Feb 2014 08:15
Associated British Foods: Numis downgrades from reduce to sell with a target price of 2240p. Panmure Gordon raises target price from 2500p to 2760p and maintains a hold recommendation. Jefferies increases target price from 2450p to 2600p and keeps a hold recommendation. Aviva: JP Morgan shifts targ
Read moreBunzl profits boosted by acquisitions
24th Feb 2014 08:00
Global outsourcing and distribution group Bunzl said it lifted 2013 operating profit by 18 per cent to 414m pounds boosted by acquisitions, but warned that adverse exchange rate movements could hit future earnings if they remained at current levels. Pre-tax profits rose to £372.2m, an increase of 1
Read moreLondon pre-open: FTSE drops after Chinese property data disappoints
24th Feb 2014 07:20
- Chinese property growth slower than predicted - Focus on Eurozone CPI reading - Additional 2trn dollar target set by G20 for economic growth The FTSE is set to register a decline early on, dragged by a drop seen in Asia stocks overnight after Chinese property data showed a slower-than-expected ri
Read moreBunzl strengthens position in Europe with multiple acquisitions
24th Feb 2014 07:00
Bunzl, the FTSE 100 distribution and outsourcing giant, has acquired businesses in Germany and the Czech Republic. The group purchased German firm Bäumer GmbH and its related company Protemo GmbH, which are focused on the distribution of cleaning and hygiene and healthcare supplies to end users in
Read moreFootsie flat as MPC raises GDP forecasts sharply
12th Feb 2014 17:26
- Stocks track mixed performance on Wall Street - Sterling and long-term yields rise after Inflation Report - Market commentary divided on outlook for Bank Rate - Insurers and miners lead gains techMARK 2,831.18 -0.18% FTSE 100 6,675.03 +0.04% FTSE 250 16,079.18 +0.01% Stocks underperformed equity
Read moreMonday broker round-up UPDATE
3rd Feb 2014 09:18
Advanced Computer Software: Panmure Gordon shifts target price from 132p to 139p and keeps a buy recommendation. AGA Rangemanager: Canaccord Genuity initiates with a target price of 300p and a buy recommendation. Avon Rubber: Canaccord Genuity initiates with a target price of 720p and a hold recom
Read moreBunzl expands safety division with three acquisitions
9th Jan 2014 08:01
Bunzl, the FTSE 100 international distribution and outsourcing group, unveiled three new acquisitions which it made towards the end of last year. The company made the acquisitions in the safety sector across three different business areas and took its total acquisition spend for the year to around
Read moreLondon pre-open: Flat start ahead of BoE and ECB decisions
9th Jan 2014 07:24
City sources predict the FTSE 100 will open unchanged from yesterday's close of 6,721.78 as investors await fresh direction after the US ended last night's session mixed. Today will see the Bank of England most likely leave its monetary policy unchanged this month, which, as Craig Erlam, analyst a
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