FTSE 250 movers: Fund managers enjoying the global rally
7th Sep 2012 16:07
European Central Bank Chairman Mario Draghi is as popular today as the guy who stands in the bar and shouts 'the drinks are on me', after he unveiled the central bank's commitment to hoover up sovereign debt of Eurozone countries in the secondary market. The move has prompted a rally worldwide by s
Read morePerform directors make triple sale and donate to charity
31st Aug 2012 16:42
Simon Denyer, a joint Chief Executive Officer of Perform, sold around 1.1m shares on Friday, just one day after the digital sports media company announced it had swung to a profit in the first half of the year. Denyer (and related parties) sold a total of 1,100,720 shares for £4.15m. He also made
Read moreTuesday broker round-up
7th Aug 2012 09:22
AB Foods: Nomura cuts target from 1,400p to 1,380p, buy rating kept. BBA Aviation: Jefferies keeps buy rating and 250p target. Big Yellow: Goldman Sachs upgrades to conviction buy, target lifted from 360p to 390p. Devro: Investec keeps buy rating and 355p target. Diageo: Investec lifts target fr
Read moreTuesday broker round-up - UPDATE
10th Jul 2012 08:18
WPP: JP Morgan upgrades to outperform from neutral. AMEC: BarCap raises target from 1,340p to 1,350p, underweight rating kept. ASOS: Peel Hunt keeps buy rating and 1,800p target. AstraZeneca: BarCap keeps equal weight rating. Betfair: Nomura cuts target from 1,070p to 946p, buy rating unchanged.
Read moreBig Yellow considering VAT fight
10th Jul 2012 07:25
Big Yellow Group said its focus on London and the South East had helped it grow revenues ahead of expectations in the first quarter. But with the introduction of VAT on self storage from October set to weigh on profits, the firm said that it was considering legal action to stop it. "HM Treasury is
Read moreFriday broker round-up
6th Jul 2012 09:35
Aviva: SocGen upgrades to hold from sell. Aberdeen: UBS cuts target from 310p to 300p, buy rating unchanged. Associated British Foods: Nomura raises target from 1,375p to 1,400p, buy recommendation unchanged. AstraZeneca: Jefferies downgrades from buy to hold, target left at 2,975p. AVEVA: Beren
Read moreFidessa Chairman tops up after share price tumble
14th Jun 2012 16:11
Shares in Fidessa Group have fallen by almost a pound from 1540p at the end of May, prompting Chairman John Hamer to have a little nibble. Hamer spent £15,631 buying 1,078 shares at 1,450p each, a day after FMR LLC, a part of fund management group Fidelity Investments, said it had reduced its stake
Read moreWednesday tips round-up: Informa, Big Yellow, UK Mail
23rd May 2012 06:54
Questor in the Telegraph goes back in to bat for one of his tips of the year, publishing and events company Informa. Currently trading at just 8.9 times 2012 earnings and yielding five per cent the maths look good. The firm runs 9,000 conferences annually, from which it ought to be able to milk stro
Read moreBig Yellow unveils full year loss
22nd May 2012 07:16
Self storage brand Big Yellow posted an 8 per cent annual increase in store revenue as it slipped into a pre-tax loss amid a persistently weak macroeconomic background. The group made a statutory pre-tax loss of £35.6m for the year ended 31 March 2012 compared to a profit of £6.9m last year. This
Read moreBig Yellow rolls over debt facility
26th Apr 2012 08:05
Storage firm Big Yellow has completed the first stage of its refinancing programme after taking out a 15-year loan with Aviva Commercial Finance. The £100m loan is secured by a portfolio of 15 freehold self-storage centres, which were valued at £242.1m at the end of February. The firm said the mon
Read moreBig Yellow walking in winter wonderland
26th Mar 2012 07:47
Big Yellow Group, still reeling from last week's Budget bombshell that the government is contemplating obliging self-storage firms to charge value added tax (VAT), cheered shareholders with news of the continued recovery of occupancy levels at its units. Growth so far in 2012 in its 53 wholly owne
Read moreLondon close: Stocks slump on global manufacturing data
22nd Mar 2012 16:57
- PMIs disappoint from China and Eurozone - Miners down on demand concerns, Randgold plummets on Malian military coup - Broker downgrades weigh on stocks After a steep fall early on, London's blue chips traded broadly sideways for the remainder of the day as gloomy economic data weighed on senti
Read moreFTSE 250 movers: Big Yellow plummets on VAT talk
22nd Mar 2012 14:37
Big Yellow Group, the FTSE 250 self-storage firm, saw its shares dive after it warned that, due to proposals in yesterday's governmental Budget, it may need to charge value-added tax (VAT) to its customers from October 1st 2012. Essar Energy also fell, despite news it has commissioned a further two
Read moreLondon midday: Macro data weighs on stocks
22nd Mar 2012 11:43
- PMIs disappoint from China and Eurozone - Miners down on demand concerns, Randgold plummets on Malian military coup - Broker downgrades weigh on stocks The Footsie was firmly lower by lunchtime as a result of heavy losses in the mining sector on the back of some gloomy economic data from China.
Read moreLondon open: Stocks slump on Chinese manufacturing data
22nd Mar 2012 08:33
- Chinese data dampens sentiment - Randgold plummets on Malian troubles - Broker downgrades weigh on AMEC, REIT stocks The Footsie sank in early trading on Thursday with the miners providing a drag after the release of more disappointing economic data from China. Chinese factory activity register
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