Tuesday broker update: IAG, HSBC, Essar -UPDATE
8th Nov 2011 09:38
Tate&Lyle: J.P.Morgan downgrades to underweight from neutral. IAG: Credit Suisse cuts target too 152p from 164p. HSBC: Credit Suisse cuts target too 610p from 640p. Essar: Credit Suisse cuts target too 435p from 566p. Weir: Credit Suisse raises target to 2050p from 1850p. Astra Zeneca: Panmure
Read moreBovis confident as momentum continues
8th Nov 2011 07:15
Housebuilder Bovis said positive trading momentum has continued since its interim results in July as net private reservations in the 44 weeks ended 4 November rises 22% from the same time a year earlier. Bovis saw a 10% increase in the average number of active sales outlets in the period to 72 fr
Read moreMonday broker update: Smith&Nephew, IAG, Tate&Lyle -UPDATE
7th Nov 2011 09:19
Taylor Wimpey: Peel Hunt keeps at sell. XChanging: Peel Hunt stay at sell. Tullet Prebon: Singer Capital keeps at buy. Bovis Homes: Panmure Gordon stays at hold. Rotork: Panmure Gordon upgrades to buy from hold. Lonrho: Panmure Gordon keeps at buy. Hammerson: Panmure Gordon keeps at buy. Smi
Read moreBroker tips: G4S, Aviva, Bovis Homes
17th Oct 2011 12:54
Investec has labelled G4S's blockbuster £5.2bn acquisition of ISS as a "bold, strategic move" that looks to transform the group from a single service provider (security) to a multi-service facilities management provider. "Strategically this makes good sense to us, as a multi-service offering maximi
Read moreBroker snap: Panmure downgrades Bovis to hold
17th Oct 2011 11:58
Panmure Gordon has downgraded Bovis Homes from buy to hold, following the recent rise in the house builder's share price. The broker notes that Bovis's shares have jumped 40% over the last two months and closed at 454.90p on Friday afternoon, just pennies away from its target price of 467p. "At t
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 moreLondon midday: Stocks keep gains as London catches up
30th Aug 2011 12:06
The top share index is outpacing its continental rivals this morning, though only as it missed out on yesterday's rally due to the Bank Holiday. Speaking of banks, RBS, Barclays and Lloyds are posting good gains. The first set of interim results from media group Perform since it floated in April
Read moreLondon open: RBS leads banking rally
30th Aug 2011 08:25
Having missed out yesterday on the strong gains seen on stock exchanges that were open for business, London is playing catch-up today, with the leading share index posting triple-digit gains. Banks are posting strong gains, with RBS up by more than 10% and peers Barclays and Lloyds also in demand.
Read moreLondon pre-open: Stocks play catch-up
30th Aug 2011 07:28
Having missed out yesterday on the strong gains seen on stock exchanges that were open for business, London is in the mood to catch up today, with City traders suggesting the blue-chip index will open around 120 points up from Friday's close of 5,130. Margins are on the mend at house builder Bovis
Read moreMargins bounce at Bovis as build costs dive
30th Aug 2011 07:06
Margins are on the mend at house builder Bovis Homes, which saw profits more than double in the first half of 2011. Profit before tax surged to £8.6m in the first six months of the year from £3.5m the year before. The housing gross margin grew to 20.1% from 16.3% the year before, while the operati
Read moreLondon close: BSkyB leads slide after US jobs disappointment
8th Jul 2011 16:49
Stocks finished firmly in the red after disappointing jobs data from the US, with satellite broadcaster BSkyB leading the slide as the fallout from the News of the World phone hacking scandal continues. Newspaper group News Corporation, which hopes to take over the 60% of BSkyB it doesn't already o
Read moreLondon midday: BSkyB drags FTSE 100 lower
8th Jul 2011 12:07
The top share index is oscillating between gains and losses, with satellite broadcaster BSkyB the heaviest faller after the fallout from the turmoil at its suitor News International. News Corporation, which hopes to take over the 60% of BSkyB it doesn't already own, last night dramatically announc
Read moreFTSE 250 movers: Stocks retreat from weak economic data
8th Jul 2011 09:33
Disappointing construction data coupled with a rise in prices for products manufactured in Britain dragged the FTSE 250 lower. The Office for National Statistics, on Friday, said construction grew 0.4%, while cost of goods at factory gates jumped 5.7% in June, since last year, reflecting soaring foo
Read moreLondon open: Financials lead gains
8th Jul 2011 08:40
Financial stocks were leading the risers on Friday morning, as the Footsie built on gains made on Thursday. Banking peers Barclays, Lloyds and RBS were among the best performers. Following suit were insurers Old Mutual, Aviva, Resolution, Prudential and RSA Insurance. Both Hammerson and British La
Read moreLondon pre-open: Firm start foreseen
8th Jul 2011 07:41
There has been a small flurry of activity from property groups, making Friday morning a bit more action packed than normal. Both Hammerson and British Land have announced deals. Property company British Land is to buy a portfolio of 17 freehold and leasehold racket clubs from French bank Societe Ge
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