Broker snap: Nomura hails 'impressive' cost reduction at BT
1st Feb 2013 10:10
Nomura has reiterated its 'buy' rating and 280p target price for telecoms group BT Group, saying that the firm's third-quarter results have reversed recent negative revenue momentum. The broker noted that BT has improved its underlying growth (excluding transit) rate from -5.5% to -3.1% in the quar
Read moreLondon open: Stocks extend gains after strong performance in January
1st Feb 2013 08:29
Markets were performing well in early trading on Friday, extending gains made last month, ahead of the all-important jobs report in the US this afternoon. The FTSE 100 rose a total of 6.4% in January alone, the best January performance since 1989. However, as Joe Rundle, head of trading at ETX Cap
Read moreBT reiterates revenue forecasts, analysts positive
1st Feb 2013 07:13
Telecommunications outfit BT Group on Friday released interims which showed third quarter operating profits coming in slightly ahead of expectations, alongside 'in line' revenue figures. In a similar vein, the company reiterated its sales guidance for the full year. More importantly however, the
Read moreFriday preview: Spotlight on BT Group and Tate & Lyle
31st Jan 2013 15:07
All eyes will be on BT Group and Tate & Lyle on Friday as the FTSE 100 companies post financial results. British telecommunications company BT Group is expected to report a steady set of numbers when it unveils its third-quarter statement. Analysts at Liberum Capital predict revenues excluding tr
Read moreLondon close: Markets at five-year high after US earnings
29th Jan 2013 16:49
After a subdued morning session, the FTSE 100 rallied in afternoon trade to finish at its highest level since early 2008, helped by upbeat earnings from corporate heavyweights in the US. The Dow Jones Industrial Average in New York was also trading at a five-year high today after pharmaceutical gro
Read moreFTSE 100 movers: Anglo American a strong riser
29th Jan 2013 15:37
Diversified mining group Anglo American gained despite saying it will recognise a 4.0bn dollar impairment charge in its 2012 results after completing a detailed cost and schedule review of its Minas-Rio iron ore project in Brazil. The gain appeared to be part of a wider trend, with sector peers Ev
Read moreBT completes sale of Tech Mahindra
12th Dec 2012 09:43
Telecoms giant BT has completed the sale of its 9.1 per cent stake in Tech Mahindra to institutional investors. The total gross cash proceeds from the sale are £115.7m, which is expected to be treated as an income statement specific item in the company's next financial results. The share price fe
Read moreLondon midday: Risk appetite drops as Eurozone crisis drags on
14th Nov 2012 11:35
- Eurozone in focus as general strikes hit periphery - BoE's King gives gloomy outlook for Q4 UK GDP - Resources firms provide a drag; AMEC jumps With general strikes taking place in Spain, Portugal, Greece and Italy today, concerns about the ongoing Eurozone crisis have reignited this morning, pus
Read moreLondon open: Stocks fall on global economic concerns
14th Nov 2012 08:24
- Stocks track US markets lower on fiscal cliff concerns - Spain said to be nearing bailout request - Banks fall after broker downgrades Concerns about the global economy took centre stage again on Wednesday morning, causing the Footsie to sink early on as general strikes take place in Spain, Portu
Read moreTikit to ride over to BT
14th Nov 2012 07:22
Telecoms giant BT has made an agreed offer to acquire Tikit Group, the information technology services provider to the legal and accountancy profession. BT is offering 416p in cash per Tikit share, comfortably above the 353.5p closing price of Tikit on the day before the announcement, and valuing t
Read moreBroker tips: Burberry, BT, RPS
7th Nov 2012 10:53
Seymour Pierce has reiterated its 'buy' rating and 1,500p target price for luxury brand Burberry after a better-than-expected first half. "On our current numbers, the shares are trading [at 16.1 times full-year earnings] which we believe is undemanding for its long term growth prospects. [...] We s
Read moreBroker snap: Credit Suisse pleased with cost-cutting at BT
7th Nov 2012 10:52
Credit Suisse has reiterated its 'outperform' rating and 300p target price for telecoms titan BT Group saying that the firm's second-quarter results last week support its positive view on cost-cutting and of rising demand for high-speed broadband. "In the Q2 results BT again demonstrated its abilit
Read moreWednesday broker round-up
7th Nov 2012 08:59
3Leg Resources: Jefferies keeps buy rating and 100p target AB Foods: Barclays Capital ups target from 1,375p to 1,475p, overweigh rating kept; Nomura ups target from 1,380p to 1,500p, buy rating kept. Aberdeen: UBS ups target from 340p to 370p, buy rating kept. Babcock: Jefferies ups target from
Read moreTuesday broker round-up
6th Nov 2012 09:03
AB Foods: Jefferies keeps hold rating and 1,365p target; Panmure Gordon ups target from 1,300p to 1,450p, hold rating kept; Investec keeps hold rating and 1,300p target. Aviva: Panmure Gordon maintains buy rating and 425p target. Babcock: Jefferies keeps buy rating and 970p target; Seymour Pierce
Read moreLondon close: Market in bullish mood after upbeat data and earnings
1st Nov 2012 16:46
- Better-than-expected US data bolsters gains late on - Corporate earnings from Lloyds, BT, BSkyB and others impress - Chinese manufacturing figures beat estimates A flood of economic data from the US and China and a barrage of well-received results from some heavyweight stocks in the UK helped the
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