Bunzl on track for 2009
14th Dec 2009 07:04
Distribution and outsourcing firm Bunzl has increased revenue by 11% this year so far thanks to currency exchange rates and remains on course to meet full year expectations. The UK blue chip said underlying revenue for the year to 31 December 2009 is down 1% at constant exchange rates, although tha
Read moreWednesday tips round-up; Pearson, Greggs, Bunzl
21st Oct 2009 06:45
Pearson faces pressures in financial advertising at the FT Group while Penguin's performance is flat. However, underpinned by US stimulus spending and the natural hedge between higher US college enrolments and weaker US school budgets, Pearson should continue to prosper in North America while its
Read moreTuesday tips round-up: Yule Catto, Hardy Underwriting, St Ives
20th Oct 2009 06:46
The upgrades to earnings forecasts after specialist chemicals group Yule Catto's latest tading update yesterday ? the third in four months ? imply that Yule will achieve pre-tax profits this year of £39m, 19% higher than last. Yule still trades at a reasonable nine times next year's earnings, despi
Read moreLondon close: Oil fired Footsie
19th Oct 2009 17:10
Boosted by a bright start on Wall Street equities finished the day with a flourish in London with the FTSE 100 index close to racking up a triple digit gain. Energy stocks saw some late interest as the price of oil moved higher. At midday in New York the price of the most widely traded oil futures
Read moreLondon afternoon: Shares consolidate gains
19th Oct 2009 14:39
After racing off to a fast start leading equities have largely consolidated the gains made in the first hour of trading. Property stocks are among the best performers after a positive note on the sector from Evolution Securities, which has upped its ratings for British Land, Liberty International
Read moreBroker tips: National Express, Bunzl, small caps
19th Oct 2009 13:06
Panmure Gordon has raised its recommendation on National Express to 'buy' from 'hold' following the announcement of a 'highly preliminary proposal' by fellow rail and bus group Stagecoach to acquire the firm. Shares in National Express collapsed on Friday after a consortium including the Cosmen fam
Read moreBroker snap: Cash flow improves at Bunzl
19th Oct 2009 12:53
Broker Charles Stanley remains a buyer of Bunzl after the distribution group's interim management statement indicated margins are on the mend. 'As expected, overall profit margins have improved compared to the first half largely due to the favourable impact of cost reduction initiatives already tak
Read moreLondon midday: More gains for Footsie
19th Oct 2009 12:14
Mining and property stocks have sparked another strong morning for the FTSE 100 index. Miners Fresnillo, Kazakhmys, Vedanta, Anglo American, Xstrata and Antofagasta are leading the way. Property stocks are lifted by a positive note on the sector from Evolution Securities, which has upped its rat
Read moreLondon open: Bright start as buyers keep at it
19th Oct 2009 08:34
London's blue chips are storming forward again helped by another possible bid emerging for National Express and a lack of anyone selling. Only five Footsie stocks are currently in the red with Cable & Wireless the worst performer, but it is down less than 1%. Fresnillo,Vedanta and British Land are
Read moreLondon pre-open: Higher start expected
19th Oct 2009 07:49
Footsie is expected to edge higher in early dealings. National Express has confirmed it is considering a possible merger proposal from rival bus and train group Stagecoach but is also pressing ahead with its plans for an equity issue to relieve its debt burden. Distribution group Bunzl said it ha
Read moreBunzl sees improving revenue trend
19th Oct 2009 07:02
Distribution group Bunzl said it had seen a slight improvement in revenues since reporting first half results and that it was benefiting from cost-reduction initiatives. Bunzl, which specialises in the delivery of consumable products that businesses do not actually sell, said underlying revenue in
Read morePhilip Rogerson to chair Bunzl
16th Oct 2009 07:52
Distribution and outsourcing group Bunzl has made Philip Rogerson its new chairman and announced the retirement of interim chairman Jeff Harris. Rogerson will join the board as chairman designate on 1 January next year and take up the role in full at the start of March. He'll give up his current p
Read moreGrid finance chief sells again
24th Sep 2009 17:14
Gas and electricity network operator National Grid has sailed through the turbulence of the past year relatively unscathed. The share price now is still lower than this time in 2008, but has bounced strongly since April and finance director Steve Lucas is taking advantage to sell his second chunk
Read moreTuesday tips round-up: Petrofac, Bunzl, G4S
25th Aug 2009 05:53
Petrofac once again defied all expectations with its interim results yesterday. Cautious investors will rightfully wonder whether it is time to book profits. The Independent thinks not; besides the convincing earnings story - forecast upgrades are likely to be forthcoming in light of yesterday's u
Read moreLondon close: Stocks finish ahead
24th Aug 2009 16:23
London's leading shares have finished the day with comfortable gains as miners and banks stole the limelight. Mining giant Rio Tinto is reportedly in talks with the Aluminium Corporation of China (Chinalco) over co-operation in bauxite and alumina production. The Australian Financial Review newspap
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