London open: Stocks rise after German data and Chinese central-bank action
26th Jun 2013 08:51
UK stocks opened with moderate gains on Wednesday morning as markets continued to claw back from their recent sell-off, with data from Germany and central-bank action in China providing some support early on. While Germany continues to trudge through the Eurozone recession, consumer confidence is
Read moreLondon pre-open: Markets seen higher as stocks claw back from recent losses
26th Jun 2013 07:29
The FTSE 100 is expected to open in positive territory for a second straight day as markets continue to rebound following the heavy falls seen in recent weeks. Selling had accelerated last week after the Federal Reserve confirmed its intention to 'taper' quantitative easing if economic data continu
Read moreBunzl sees revenue growth of 11 per cent
26th Jun 2013 07:05
Distribution and outsourcing group Bunzl said overall trading remains in line with company expectations and is unchanged from its last update in April. At constant exchange rates group revenue growth for the six months ending June 30th is expected to be approximately 11% due to underlying revenue
Read moreLondon close: Markets struggle to regain poise after Fed meeting
21st Jun 2013 17:49
Stocks retreated once again on Friday, following another session of convulsions in global capital markets. Quite poignantly, on Friday one US policy maker - the President of the Federal Reserve bank of St.Louis - criticised Ben Bernanke´s poor timing regarding the announcement of a detailed plan for
Read moreFTSE 100 movers: Bunzl, BT Group, Antofagasta
21st Jun 2013 14:29
Multinational distribution and outsourcing company Bunzl gained after analysts at JP Morgan Cazenove reiterated a 'buy' rating in a note issued to investors on Friday. BT Group advanced after appointing Gavin Patterson as its new Chief Executive Officer to replace Ian Livingstone who will step down
Read moreWednesday broker round-up UPDATE
12th Jun 2013 07:55
Aberdeen Asset Management: Canaccord Genuity cuts target price from 460p to 440p, while leaving its buy recommendation unchanged. ASOS: Canaccord Genuity downgrades to hold with a target price of 3400p. BT Group: Credit Suisse increases target price from 300p to 350p and maintains an outperform ra
Read moreLondon pre-open: Modest rise forecast for FTSE
1st May 2013 07:36
City sources predict the FTSE 100 will edge up seven points from yesterday's close of 6,430, balancing gains seen in the US overnight with caution ahead of tomorrow's central bank decision. America's three key US equity benchmarks finished higher on Tuesday, buoyed by encouraging data from the Ins
Read moreBunzl expands footprint in Australia
1st May 2013 07:11
Distribution and outsourcing firm Bunzl has bought three units from Australian industrial and safety company Jeminex in an attempt to expand its footprint in a key market. The businesses, all based in Sydney, focus on three specialist markets and "significantly increases the size of our business in
Read moreThursday broker round-up UPDATE
18th Apr 2013 07:16
African Barrick Gold: Investec reduces target price from 315p to 286p keeping a hold recommendation. BHP Billiton: JP Morgan cuts target price from 2380p to 2330p, while leaving its neutral rating unchanged. Deutsche Bank lowers target price from 2350p to 2334p keeping a buy recommendation. Big Ye
Read moreBunzl makes third acquisition of 2013, updates on Q1
17th Apr 2013 08:06
FTSE 100-listed distribution and outsourcing group Bunzl has made its third acquisition of the year, purchasing Michael Davies and Associates (MDA), a UK-based businesses engaged in the procurement and fulfilment of promotional products and marketing point of sale materials for a variety of customer
Read moreLondon pre-open: FTSE to track US stocks higher
17th Apr 2013 07:41
City sources predict the FTSE 100 will open up 16 points from yesterday's close of 6,305, tracking gains seen in the US overnight. Across the Atlantic, both corporate news and macroeconomic releases were generally positive, with the 'forward-looking' housing starts numbers undershooting expectatio
Read morePrudential Chairman keeps the faith
3rd Apr 2013 16:05
Paul Manduca, the Chairman of Prudential, the FTSE 100 life insurance company, this week showed his faith in the company with the purchase of 20,000 shares following a hefty fine levied by the Financial Services Authority (FSA) at the end of March. Manduca, who became Chairman in July of last year
Read moreTuesday broker round-up UPDATE
26th Mar 2013 07:41
Abbey Protection: Numis downgrades to hold with its target price at 120p. Aberdeen Asset Management: Bank of America raises target price from 425p to 455p keeping a neutral rating. JP Morgan moves target price from 498p to 532p, while its overweight rating remains unchanged. Exane BNP ups target pr
Read moreCairn Energy announces stock purchases by three senior directors
20th Mar 2013 16:23
Cairn Energy on Wednesday announced that its Chief Executive, Deputy Chief Executive, and Managing Director / Chief Financial Officer all increased their holdings in the company, showing their faith after the group delivered a decline in full year pre-tax losses. Chief Executive Simon Thomson and
Read moreThursday broker round-up UPDATE
7th Mar 2013 07:25
Admiral: Nomura raises target price from 1350p to 1493p keeping a buy recommendation. African Barrick Gold: Nomura cuts target price from 435p to 200p and downgrades from neutral to reduce. Aggreko: Investec increases target price from 1750p to 1940p upgrading from hold to buy. Anglo American: No
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