London close: Disappointing earnings and growth concerns spark sell-off
23rd Oct 2012 16:41
- 'Risk is officially off', says analyst - Corporate earnings and growth worries sink stocks - Miners drop, while ARM and Experian gain A sell-off on Wall Street and concerns about the Eurozone saw markets across Europe take a hammering on Tuesday, with mining stocks dragging the Footsie lower in L
Read moreFTSE 250 movers: Chemring sinks after CEO exit
23rd Oct 2012 15:17
Shares in defence group Chemring dropped after its CEO David Price resigned with immediate effect. He will be replaced by Mark Papworth, a former Wood Group executive. Speculation in the market is that Price's exit signals that US private equity firm Carlyle's takeover bid could be collapsing. "It
Read moreTuesday broker round-up
23rd Oct 2012 09:23
Aggreko: UBS cuts target from 2,750p to 2,550p, buy rating kept. ARM Holdings: Investec keeps buy rating and 800p target. Avacta: Panmure Gordon keeps buy rating and 1.75p target. AZ Electronic: Canaccord Genuity ups target from 360p to 376p, buy rating kept. Babcock: JPMorgan Cazenove ups targe
Read moreLondon close: US earnings spark surge in UK stocks
16th Oct 2012 16:32
- US earnings lift sentiment - Speculation Spain nearing a bailout request - Germany's Meister says remarks over interpreted -Guardian - German ZEW index beats forecasts Better-than-expected earnings from Goldman and Johnson & Johnson and signs of progress in the Eurozone saw the FTSE 100 surge 1.2
Read moreFTSE 250 movers: N Brown jumps after first-half beat
16th Oct 2012 15:12
Internet and catalogue home shopping firm N Brown topped the risers list on Tuesday afternoon, gaining 13 per cent after beating forecasts in the first half. The company reported that revenue in the 26 weeks to September 1st came in at £379.3m, up 4.3% on the year and ahead of the consensus estimat
Read moreBroker snap: Jefferies and Seymour Pierce disagree on N Brown
16th Oct 2012 12:15
Catalogue and home shopping firm N Brown has received a "Buy" rating from Jefferies and a "Hold" rating from Seymour Pierce, following its first half results. Seymour Pierce has maintained its "hold" rating with a price target of 250p, saying: "growth has been relatively pedestrian in the last two
Read moreLondon midday: Stocks extends gains after German ZEW survey
16th Oct 2012 11:48
- German ZEW index beats forecasts - Markets await results from US blue-chips - Signs of progress in Eurozone lift sentiment UK stocks had held on to gains by Tuesday lunchtime as investors digested some decent economic figures and improving newsflow from the Eurozone. "Financial markets extended
Read moreLondon open: Stocks rise despite contradictory reports on Spain
16th Oct 2012 08:37
- Portugal, Greece and Spain in the spotlight - Markets await economic data from UK and Eurozone - Rio Tinto and Anglo American gain London's FTSE 100 index registered a strong start on Tuesday morning as investors celebrated signs of progress in the Eurozone. Markets finished with just slight ga
Read moreTuesday broker round-up - UPDATE
16th Oct 2012 08:14
Amara Mining: Seymour Pierce keeps buy rating. ASOS: Morgan Stanley initiates coverage with overweight rating and 3,000p target. Bellway: Panmure Gordon raises target from 954p to 957p, hold rating kept; Jefferies keeps hold rating and 1,004p target. British American Tobacco: Nomura keeps buy rat
Read moreN Brown beats forecasts in first half - UPDATE
16th Oct 2012 07:44
Sales and profits at internet and catalogue home shopping firm N Brown came in ahead of expectations in the first half, with like-for-like (LFL) sales growth accelerating in the second quarter. Total revenue in the 26 weeks to September 1st came in at £379.3m, up 4.3% on the year and ahead of the c
Read moreTuesday preview: N Brown, Bellway, Informa, inflation
15th Oct 2012 16:35
Panmure Gordon recently downgraded its rating for internet and catalogue home shopping firm N Brown from 'buy' to 'hold', ahead of the firm's interims on Tuesday. Panmure Gordon has pencilled in sales growth of 2.8% to £373.7m, a gross margin decline of 0.7 percentage points to 54.2% and earnings b
Read moreLondon close: Global slowdown concerns weigh on stocks
10th Oct 2012 17:00
London's FTSE 100 index registered its third consecutive day in negative territory as uncertainty surrounding the outlook for the global economy continued to weigh on investor sentiment. "Financial markets struggled to find direction today, drifting into the red as persistent fears over slowing glo
Read moreFTSE 250 movers: Imagination Technologies leads fallers
10th Oct 2012 15:55
Imagination Technologies was leading fallers, with some market chatter attributing the losses to a negative start of coverage on the company -at Sell- from analysts at Credit Suisse. They pointed out that, 'momentum looks negative: Of Imagination's four key customers, Samsung this year moved to ARM
Read moreLondon midday: Banking stocks gain, yet Footsie falls
10th Oct 2012 11:32
- IMF warns about Eurozone crisis - Unions call for strikes in Greece - Banks gain on speculation of eased capital rules UK stocks suffered more losses on Wednesday in spite of some relative strength in the banking sector, as the International Monetary Fund (IMF) warned about the risks emanating f
Read moreBroker tips: Gold equities, SuperGroup, N Brown
10th Oct 2012 11:21
Nomura has retained its 'bullish' rating for the European gold sector, saying that there's potential for further outperformance in spite of the strong showing as of late. Nomura has highlighted Petropavlovsk, Centamin and Polymetal as its sector 'likes' going into the third-quarter results. All thr
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