FTSE 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 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 moreBellway stacks up profit
16th Oct 2012 07:15
UK housebuilder Bellway delivered a solid increase in full year pre-tax profit, helped by a strong performance in London, and said reservations since July 31 have remained in line with expectations. Pre-tax profit rose to £105.3m for the year ended July 31 compared to £67.2m the same time a year ea
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 moreWeek Ahead: Ladbrokes, Bellway, MPC minutes
12th Oct 2012 09:08
There are lots of booze-based firms reporting next week, including Diageo, SABMiller and the Spirit Pub Group, while if soft drinks are more your thing, Britvic reports on Thursday; the Chelmsford-based drinks producer is currently in merger talks with Irn Bru maker AG Barr. After a week on the boo
Read moreFTSE 250 movers: Heritage Oil leaps as suspension ends
7th Aug 2012 14:38
Heritage Oil jumped after shares were restored to the official list after being suspended following the reverse takeover of an oil mining lease in Nigeria (OML 30) first announced on June 29th. The acquisition will be financed by a $550m secured bridge finance facility and a fully underwritten rig
Read moreLondon midday: StanChart drags banks lower
7th Aug 2012 11:47
- StanChart dominates headlines on Iran dealings - UK manufacturing output falls 4.3 per cent - Spain could be nearing a bailout The Footsie had swung into the red by Tuesday lunchtime as the banking sector took a hit on the back of 24 per cent plunge from Standard Chartered due to alleged dealings
Read moreLondon open: Footsie edges higher, but StanChart plummets
7th Aug 2012 08:30
- StanChart tumbles on Iran dealings - IHG jumps after half-yearly report - Optimism increases in the Eurozone The Footsie edged higher on Tuesday morning after having closed at a three-month high the day before but Standard Chartered grabbed the headlines early on, taking a tumble in the opening h
Read moreBellway CEO to replace Chairman in 2013
7th Aug 2012 07:41
House-builder Bellway revealed that its Chairman will be replaced by its Chief Executive next year, as it said that it will beat the current consensus estimate for pre-tax profit this year. Non-executive Chairman Howard Dave, who has been with Bellway since 1961, is to retire on January 31st 2013 a
Read moreThursday broker round-up:
5th Jul 2012 08:06
Aquarius Platinum: Canaccord Genuity downgrades to hold. ARM Holdings: Jefferies maintains hold rating and 485p target. Ashmore: Citigroup cuts target from 400p to 350p, neutral rating kept. Babcock: Jefferies keeps buy recommendation and 970p target. Bellway: UBS raises target from 800p to 900p
Read moreThursday broker round-up
21st Jun 2012 09:13
ARM Holdings: Investec maintains buy rating and 800p target. Ashtead: Jefferies ups target from 300p to 320p, buy rating retained. Bellway: Goldman Sachs downgrades to neutral. British Land: Societe Generale downgrades to sell. CRH: HSBC upgrades to overweight. Dignity: Goldman Sachs downgrades
Read moreLondon pre-open: Bernanke's comments to dent FTSE
8th Jun 2012 07:37
City sources predict the FTSE 100 will open down 37 points from yesterday's close of 5,448, after comments from Federal Reserve Chairman Ben Bernanke on Thursday, when he said 'the situation in Europe poses significant risks to the US financial system and economy and must be monitored closely'. P
Read moreReservations and prices up at Bellway
8th Jun 2012 07:05
House builder Bellway said demand throughout the spring selling season has remained resilient with visitor levels and reservation rates running ahead of expectations. In the period covering February to May, inclusive, reservations (net of cancellations) have averaged 122 per week, up 9% on the corr
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