London midday: Stocks fall as investors await Eurozone developments
19th Oct 2012 11:32
- EU summit in focus - US corporate results disappoint - Aggreko and Bunzl provide a drag on the FTSE 100 The Footsie was slightly lower by Friday lunchtime but was trading within a narrow range of just 19 points as investors awaited further news from the two-day EU summit in Brussels. "The second
Read moreFriday broker round-up - UPDATE
19th Oct 2012 09:00
Aggreko: Jefferies keeps buy rating and 2,800p target; Seymour Pierce keeps buy rating and 2,500p target; Panmure Gordon cuts target from 2,228p to 2,159p, hold rating unchanged. Alliance Pharma: umps upgrades to buy, target lifted from 32p to 37p. Avacta: Panmure Gordon keeps buy rating and 1.75p
Read moreLondon open: Stocks flat with US earnings and EU summit in focus
19th Oct 2012 08:31
- Sentiment dampened by Microsoft and Google - EU summit in focus - Aggreko, Bunzl and financials provide a drag Worse-than-expected results from some US blue chips and the EU summit were in the spotlight on Friday morning, keeping UK stocks flat early on. "European equities are trading lower this
Read moreLondon pre-open: FTSE to track US stocks lower
19th Oct 2012 07:24
City sources predict the FTSE 100 will open down 14 points from yesterday's close of 5,917, tracking US stocks lower, which ended Thursday's session firmly in the red following Google's surprise results, which came in well below expectations. Search engine giant Google sent tech stocks into reverse
Read moreFX headwinds slow Bunzl's growth
19th Oct 2012 07:09
Distribution and outsourcing group Bunzl said the third quarter saw a moderation in the underlying revenue growth rate, particularly in North America, where the company is going up against tough comparatives. In the third quarter the underlying growth rate, which strips out the effects of acquisiti
Read moreWednesday broker round-up -UPDATE
29th Aug 2012 09:38
888 Holdings: Investec upgrades from sell to buy target hiked from 18p to 95p. Advanced Medical Solutions: Singer Capital Markets upgrades to buy, target lifted from 80p to 82p. AstraZeneca: AlphaValue downgrades to reduce. Bunzl: Jefferies raises target from 835p to 860p, underperform rating kep
Read moreLondon close: Footsie finishes flat after long weekend
28th Aug 2012 16:48
- Markets await Jackson Hole symposium - Miners lower on concerns over Japan - Chemring drops after profit warning. Concerns about global economic growth were weighing on sentiment on Tuesday, meaning that the FTSE 100 was little changed by the close despite some volatile swings between gains and
Read moreLondon midday: Stocks erase losses after Spanish auction
28th Aug 2012 11:47
- Spanish bond auction lifts sentiment - Miners lower on concerns over Japan - Chemring drops profit warning. London's blue-chip index was trading broadly flat by midday, having erased all of the morning's losses, after a solid Spanish bond auction eased concerns about the heavily indebted Eurozone
Read moreBroker tips: Glaxo, Bunzl, Ophir Energy
28th Aug 2012 11:17
UBS has lowered its recommendation for pharmaceuticals giant GlaxoSmithKline from 'buy' to 'neutral', saying that there's limited potential for further upside. "Given GSK's valuation, and somewhat reduced earnings visibility for the stock, we see less scope for performance versus peers, and thereby
Read moreBroker snap: Another robust performance from Bunzl, says Investec
28th Aug 2012 10:59
While Investec has maintained its 'hold' rating for distribution and outsourcing group Bunzl, the broker says that company has once again delivered a strong trading performance. Group revenues in the first half came in at £2.61bn and adjusted pre-tax profits were £151.7m, both well ahead of last ye
Read moreLondon open: Global concerns dent stocks early on
28th Aug 2012 08:39
- Japanese concerns weigh on sentiment early on - G4S slips after first-half results, job cuts - Kingfisher lower after broker downgrade. The FTSE 100 slipped on Tuesday morning following a long weekend on concerns over the Japanese economy and uncertainty in the Eurozone. "Another big factor in t
Read moreBunzl looking a bit toppy, despite solid interims
28th Aug 2012 08:38
Bunzl is not a particularly glamorous firm, but it has been doing well carrying out those tricky but dull activities that companies like to outsource - purchasing, storing and transporting non-food consumable products. The shares hit a 52-week high earlier this month, which may account for why ther
Read moreTuesday broker round-up
28th Aug 2012 08:19
Afren: Credit Suisse downgrades to neutral, target cut from 185p to 170p. BHP Billiton: Morgan Stanley cuts target from 2,280p to 2,180p, overweight rating kept. Bunzl: Seymour Pierce raises target from 1,000p to 1,055p, hold recommendation maintained. Cairn Energy: Credit Suisse cuts target from
Read moreLondon pre-open: Small decline expected in early trading
28th Aug 2012 07:30
City sources predict the FTSE 100 will open down three points from Friday's close of 5,777 following the bank holiday weekend and details which emerged last night in relation to the European Central Bank, which is said to be 'still working' on its bond-buying programme. Casting a downbeat mood acr
Read moreBunzl hungry for more acquisitions
28th Aug 2012 07:07
Bunzl, the international distribution and outsourcing group, saw its North America and Rest of the World divisions lead the way in the first half of the year. Headline profit before tax in the six months ended June 30th rose 9%, or 10% at constant exchange rates, to £151.7m from £138.8m the year b
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