UPDATE: 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
Read moreLondon pre-open: Footsie to fall below 5,000
26th Sep 2011 07:32
Taking its lead from Asian markets, where continuing concerns over the Eurozone debt crisis have prompted a wave of selling, the blue-chip index in London is set to dive below the psychologically important 5,000 level at the outset, with City sources predicting the FTSE 100 will open down 79 points
Read moreBunzl in acquisition spree
26th Sep 2011 07:03
Outsourcing and distribution group Bunzl has secured two further acquisitions and announced the completion of the acquisition of Majestic Products. The company has purchased Ideal Global Sistemas de Higiene, a supplier of cleaning and hygiene consumable products in Brazil. Revenue in the year ended
Read moreWednesday tips round-up: Computacenter, Bunzl, Booker...
31st Aug 2011 06:32
Mike Norris, the chief executive of Computacenter, claims to be more pleased by the successful transition of the group's British operations to a new IT programme, which went live yesterday morning, than he is with interim figures yesterday, says the Tempus team at the Times. But the upgrade, which f
Read moreLondon close: Miners, banks lead the surge
30th Aug 2011 16:32
The FTSE 100 traded higher on Tuesday, following through on this morning's impressive start, as the index attempted to play catch-up after missing out on yesterday's rally due to the Bank Holiday. Royal Bank of Scotland led the risers on the blue chip index after Deutsche Bank upped its rating for
Read moreOverseas strength boosts Bunzl
30th Aug 2011 07:07
Outsourcing and distribution group Bunzl posted a rise in pre-tax profits in the half year to 30 June as a strong performance overseas helped offset weakness in Britain and Ireland. Pre-tax profits climbed to £112.1m from £100m over the same period the previous year on revenues that were up to £2.4
Read moreLondon close: Stocks finish higher despite retreat
24th Jun 2011 16:47
Stocks gave up most of their early gains as economic worries resurfaced, but the top share index still closed in positive territory. Some observers attribute this resilience to comments from Chinese Premier Wen Jiabao that may be pointing towards a quicker end than previously expected to tightening
Read moreLondon midday: Gains fade as Bank warns on risks
24th Jun 2011 12:01
Shares are still going well after a strong start but have given up some of their earlier gains as nerves linger over the eurozone situation. With Greece and the European Union settled on the contents of the austerity package to be put before the Greek parliament next week, hopes have risen that th
Read moreLondon open: Sharp gains for Footsie as Greek fears ease
24th Jun 2011 08:42
The Footsie registered sharp gains in early trading, after last night's reports from Greece buoyed sentiment in London. The FTSE 100 opened up 68 higher at 5,742 on Friday morning. With Greece and the European Union settled on the contents of the austerity package to be put before the Greek parliam
Read moreLondon pre-open: Shares set for Greek bounce
24th Jun 2011 07:47
With Greece and the European Union settled on the contents of the austerity package to be put before the Greek parliament next week, hopes have risen that the prospect of a default by Greece on its loans can be put to bed. As news broke of the agreement late yesterday, the US markets performed an
Read moreBunzl on the prowl
24th Jun 2011 07:12
Distribution and outsourcing firm Bunzl is trading in line with expectations, despite tough times in its UK and Irish markets. At constant exchange rates group revenue in the six months to the end of April is expected to have increased 6% year-on-year, due to underlying growth of 3% and the positiv
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