Broker tips: Marston's, Bodycote, Bovis
10th Jul 2009 13:15
The right issue announced last month by brewer and pubs owner Marston's has left a sour taste in the mouths of many shareholders but Charles Stanley advises taking up the rights to avoid dilution. The Independent on Sunday reported at the end of June that a number of institutional investors had cri
Read moreBroker snap: Panmure keeps the faith with Bodycote
10th Jul 2009 13:00
Engineering firm Bodycote was the worst performing FTSE 250 stock on Friday morning after issuing a profit warning, but the stock is turning into a highly geared recovery play, Panmure Gordon reckons. The broker has retained its "buy" recommendation on the stock despite the company reporting "a dee
Read moreLondon midday: Downward drift continues
10th Jul 2009 12:23
Equities continue to drift lower with blue-chips faring worse than second-liners. Better than expected Producer Prices data has limited the falls in London but expectations of a weak opening on Wall Street has not helped matters. UK producer output prices in June fell 0.2%, after rising 0.4% in May
Read moreLondon open: Crude dip drags Footsie down
10th Jul 2009 08:44
London's blue chips have given back some of yesterday's gains though trading is light after a dull day on Wall St yesterday. Oil-related stocks are the main movers, with light crude futures dipping below $60 per barrel for the first time in weeks. Royal Dutch Shell and BP are weak in sympathy. Oil
Read moreLondon pre-open: Footsie points lower
10th Jul 2009 07:41
London's top stocks look set to give back some of yesterday's gains. Traders expects Footsie to open around 15 points lower. Bovis has scrapped its interim dividend but said the housing market has shown signs of stabilisation during the first half. The housebuilder said it has decided not to pay
Read moreBodycote warns of operating loss
10th Jul 2009 07:02
Bodycote was downbeat Friday as the engineering firm said half-year revenue fell by a fifth and warned of a marginal operating loss before exceptional items. A weak automotive sector and continuing decline in demand from the oil and gas industry has cut revenue for the six months to 30 June 2009 by
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