Highland Gold Chairman spends big after recent share-price weakness
11th Jul 2013 16:27
The Non-Executive Chairman of Russia-focused resources group Highland Gold Mining invested over one million pounds in the firm one day after the stock reached a 52-week low. As has been the case with the wider mining sector, the share price has suffered since the start of the year as commodity pric
Read moreLondon pre-open: Markets seen lower after Italian downgrade
10th Jul 2013 07:43
Markets are expected to open slightly lower on Wednesday, pausing for breath after recent gains as investors react to an Italian downgrade by S&P. City sources predict the FTSE 100 will open down around 14 points from yesterday's close of 6,513. Ratings agency S&P has cut its sovereign rating for
Read moreBooker confident for year after good quarter
10th Jul 2013 07:26
UK food wholesaler Booker Group said total first quarter sales, including Makro, rose 13.6 per cent and it is on course to meet expectations for the year. Britain's biggest cash-and-carry wholesaler, which runs more than 170 branches supplying caterers, said overall it has been a good quarter amid
Read moreWednesday preview: Booker Group reports first quarter results
9th Jul 2013 13:43
UK food wholesaler Booker Group will unveil its first quarter earnings on Wednesday following better-than-expected full-year results in May. The company achieved a 13% rise in pre-tax profit to £101.4m for the year to March 29th, driven by demand from small retailers and growing online sales. Reven
Read moreFriday broker round-up UPDATE
28th Jun 2013 08:32
BAE Systems: Deutsche Bank increases target price from 375p to 400p, while downgrading to hold. Barclays: Bank of America moves target price from 430p to 410p, while its buy recommendation remains unaltered. Booker Group: Investec shifts target price from 140p to 141p and keeps its buy recommendat
Read moreMonday broker round-up UPDATE
24th Jun 2013 07:36
Andor Technology: WH Ireland cuts target price from 500p to 380p, while staying with its buy recommendation. Investec upgrades from hold to buy with a target price of 360p. Ashtead Group: Numis raises target price from 582p to 640p, while downgrading to hold. Bellzone Mining: Investec lowers targe
Read moreLondon close: Greece rumours spark late sell-off
12th Jun 2013 17:02
Equities dropped into the red for a third consecutive day on Wednesday with renewed political tension in Greece sparked another bout of market volatility. The FTSE 100 finished down 41 points at 6,299, the first time that it has closed below the 6,300 mark since April 22nd. London's benchmark inde
Read moreFTSE 250 movers: Heritage Oil jumps as product ramps back up
12th Jun 2013 15:19
The share price of FTSE 250 upstream exploration and production firm Heritage Oil surged on Wednesday after the company said that production at its OML 30 licence in Nigeria is back at normal levels. Output has now returned to rates of over 35,000 barrels of oil per day (bopd) after falling to just
Read moreLondon midday: Stocks higher as UK unemployment falls, M&A activity in focus
12th Jun 2013 12:04
M&A activity was the theme of the day in London on Wednesday as heavyweight stocks British Sky Broadcasting, Severn Trent and Vodafone grabbed the headlines. Nevertheless, after a choppy start, the FTSE 100 managed to register moderate gains by lunchtime. Helping sentiment this morning was UK unemp
Read moreLondon open: Stocks flat on fragile market sentiment
12th Jun 2013 09:01
The FTSE 100 was swinging between gains and losses in early trading on Wednesday as traders remained nervous amid the ongoing market volatility that has been seen over the last few weeks. "Persisting fears about impending Federal Reserve tapering of asset purchases together with the Bank of Japan's
Read moreLookers exec buys shares after strong first quarter
29th May 2013 16:13
Lookers has seen the Managing Director of its Motor Division top up his stake in the UK new and used car dealer two times in the last week, following a bullish trading update earlier this month. Andy Bruce, who joined the firm in 2000 and was appointed to the board two years later, bought a total o
Read moreFriday broker round-up UPDATE
24th May 2013 08:00
Aveva: Panmure Gordon ups target price from 2076p to to 2091p keeping a hold recommendation. Investec takes target price from 2450p to 2500p and retains its buy recommendation. Credit Suisse increases target price from 2013p to 2240p, while staying with its neutral rating. Barratt Developments: Lib
Read moreFull year pre-tax profit up 13 per cent at Booker Group
23rd May 2013 09:10
Full year profit before tax rose 13 per cent to 101.4m pounds at FTSE 250-listed food wholesaler Booker Group in the 52 weeks ended March 29th. In its annual results, the group noted that although the 2012/2013 year was a 52-week reporting period, the previous year covered a 53 week reporting perio
Read moreThursday broker round-up UPDATE
23rd May 2013 08:35
Amara Mining: Numis lowers target price from 80p to 70p, while keeping a buy recommendation. ARM Holdings: Exane downgrades to neutral with a target price of 1000p. Aveva: Panmure Gordon raises target price from 1900p to 2076p and retains a hold recommendation. Canaccord Genuity increases target p
Read moreLondon open: FTSE 100 snaps five-day losing streak
19th Apr 2013 08:20
The FTSE 100 looks set to finish the week on a brighter note, rebounding after a five-day losing streak, as strong gains in the mining sector lifted London's benchmark higher in early trading on Friday morning. "European markets opened confidently today as investors decided to take an optimistic vi
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