London midday: Gains trimmed as US futures fall
13th Jan 2012 12:03
The Footsie's earlier gains were pared by lunchtime as US stock futures slipped ahead of key earnings report from JP Morgan Chase & Co and the University of Michigan Consumer Sentiment Index. Italy issued €4.75bn in medium-term debt, the top of its €3-4.75bn target range. The borrowing costs of Ju
Read moreFriday broker round-up - UPDATE
13th Jan 2012 11:19
Vodafone: Nomura upgrades to buy. Bunzl: UBS cuts to neutral from buy. RSA Insurance: Citi cuts to neutral from buy. BT Group: Nomura upgrades to buy from reduce. RBS: Seymour Price upgrades to buy from reduce. BG Group: JP Morgan raises price target to 1,900p from 1,455p. Tesco: Credit Suiss
Read moreBunzl non-exec ups stake
20th Dec 2011 09:49
Bunzl's only female non-executive director in its 150-year history has purchased shares in the firm just one week after a report showed annual revenue growth of over 6%. Eugenia Ulasewicz, who was appointed as a non-executive in April 2011, bought 4,000 shares at 837.8655p each. The distribution
Read moreLloyds boss wakes up and buys 0.6m shares
15th Dec 2011 15:45
Announcing his return to work just six short weeks since taking leave on medical advice, Lloyds boss Antonio Horta-Osorio celebrated his recovery with the purchase of $226,962-worth of shares in the part-nationalised lender. The director, who was signed off sick with extreme fatigue and sleep depr
Read moreTuesday broker round-up - UPDATE
13th Dec 2011 09:54
Amec: Citi upgrades to buy from sell. Royal Dutch Shell: Citi downgrades to neutral from buy. Petrofac: Investec reiterates buy, 1,705p target under review. Petrofac: Evolution Securities reiterates add and 1,700p target. Whitbread: Evolution Securities keeps buy rating and 1,800p target. Whitb
Read moreLondon open: Whitbread loses its froth
13th Dec 2011 08:47
London has opened on the front foot, which comes as a relief after yesterday's bashing, but the top-share index's modest advance is largely due to the strength of miners, which more than outweighs the weakness of banks. Results from Costa Coffee show owner Whitbread have left a sour taste, with evi
Read moreLondon pre-open: Pause for breath
13th Dec 2011 07:35
After yesterday's shake-out, investors are expected to take stock at the outset, with the top-share index set to open little changed. International distribution and outsourcing group Bunzl said revenue growth for the full financial year is expected to be more than 6% at constant exchange rates, c
Read moreBunzl boosted by acquisition spree
13th Dec 2011 07:07
Distribution and outsourcing firm Bunzl said this year's string of acquisitions will help it report annual revenue growth of over 6%. The group, whose products include supermarket bags and hospital gowns, said overall trading for the year ending 31 December 2011 has been consistent with expectation
Read moreFriday broker round-up - UPDATE
18th Nov 2011 09:42
Pennon: Deutsche Bank upgrades to buy from hold. Capita: Peel Hunt reiterates buy and 850p target. Capita: Investec slashes target to 630p from 725p, hold maintained. Chemring: finnCap downgrades from buy to hold, target slashes from 780p to 480p. ICAP: UBS cuts target from 380p to 328p, sell ra
Read moreBunzl acquires Brazilian firm Danny Comércio
7th Nov 2011 07:17
FTSE 100 firm Bunzl, the international distribution and outsourcing group, has acquired Brazilian company Danny Comércio Importação Exportação. The company, which is based near São Paulo, specialises in the sourcing and sale of gloves and safety glasses for a variety of industrial uses including
Read moreUPDATE: Monday broker round-up
17th Oct 2011 09:31
Fresnillo: UBS cuts target to 1,700p from 2,000p, stays at neutral. Bunzl: Singer Capital Markets downgrades from buy to fair value, target cut from 891p to 710p. Kingfisher: Singer Capital Markets raises target from 260p to 270p. Jupiter Fund Management: RBS upgrades to hold from sell, raises ta
Read moreUPDATE: Tuesday broker round-up
11th Oct 2011 08:03
Wolseley: RBS cuts target to 2,378p from 2,420p, stays at buy. Premier Oil: UBS upgrades from neutral to buy, cuts target from 445p to 430p. British Land: Alpha value downgrades to 'reduce' from 'add'. Whitbread: Morgan Stanley upgrades to 'overweight' from 'neutral'. Vodafone: Investec reiter
Read moreLondon close: Financials soar on Eurozone bailout hopes
26th Sep 2011 17:15
In a battle between booming banks and melting miners, the banks emerged on top, as Footsie reversed early losses to finish in the blue. Hopes that Eurozone governments will get their act together and seriously bumnp up the Eurozone bailout fund, while pushing through more severe "haircuts" - reduc
Read moreLondon midday: Banks power FTSE 100 rebound
26th Sep 2011 12:10
Stocks have rebounded strongly from their weak start, with a buoyant performance from the banking sector helping to offset continued weakness in mining stocks. Precious metals stocks in particular are in the firing line as prices for gold and silver continue their downward turn, bucking the usual r
Read moreLondon open: RBS, Barclays and Lloyds shrug off decline
26th Sep 2011 08:31
The top share index has recovered partially after tumbling below the 5,000 point mark on continuing worries over the Eurozone situation. Plans by European policymakers to up the amount of funds set aside to deal with the ongoing problems in Greece have failed to reassure markets. Miners lead the
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