Computacenter off to a good start
17th Jan 2013 08:33
Information technology services provider Computacenter has started the year with an optimistic outlook, and told investors that it expects its full year results to be marginally ahead of its expectations. Group revenue for the year increased by 2.0% on a reported basis and 6.0% in constant currenc
Read moreFriday broker round-up UPDATE
11th Jan 2013 07:01
Aberdeen Asset Management: Credit Suisse raises target price from 380p to 410p reiterating an outperform rating. Afren: Deutsche Bank cuts target price from 175p to 165p stayling with its buy rating. Ashmore Group: Credit Suisse moves target price from 380p to 375p and downgrades to underperform.
Read moreGalliford Try CEO reduces stake in company after upbeat update
15th Nov 2012 16:48
Greg Fitzgerald, the Chief Executive of Galliford Try, the FTSE 250 building group, has reduced his stake in the company by 300,000 shares just a week after announcing the group is now 'well positioned to deliver further profitable growth'. Fitzgerald, who has occupied the role of CEO since 2005,
Read moreLondon close: Footsie in late slide
12th Oct 2012 16:48
Footsie ended the week on a dull note, with most of the losses coming at the death. Evraz suspends Czech steel production Russian steel-maker Evraz led the market lower as it said it had suspended steel production in the Czech Republic because of low demand. Credit Suisse stuck the boot into the
Read moreLondon midday: Basel III boost for banks
12th Oct 2012 11:44
Leading shares largely trod water in the morning session, although banks had a good session on the back of rumours that the implementation of the strict new Basel III capital rules may be delayed. Financials lead the way Banks and insurers have been buoyed by Deutsche Bank upgrading the sectors to
Read moreLondon open: Soft start but banks shine
12th Oct 2012 08:51
London has taken its cue from Wall Street, which experienced a late swoon yesterday, and opened lower. Stocks on the other side of the Atlantic were initially boosted by jobless data, which showed a fall to levels not seen in over four years, but the good mood did not last, as some pundits claimed
Read moreComputacenter throwing money at German problems
12th Oct 2012 07:59
Information technology services provider Computacenter is having to spend time and money getting service levels up to the required standard on some new German contracts, but things are going well in the home market. Revenue in the third quarter of 2012 was up 1% to £656m from £648m in the third qu
Read moreFriday preview: Travis Perkins, Computacenter
11th Oct 2012 17:09
On Friday, builders' merchant Travis Perkins issues an interim management statement, and Panmure Gordon is expecting the group to have made further progress, despite tough market conditions. The broker thinks the key issues will be: Spending outlook - public versus private and housing vs commercia
Read moreMonday broker round-up
3rd Sep 2012 09:14
APR Energy: UBS raises target from 590p to 600p, sell rating unchanged. ARM Holdings: Deutsche Bank downgrades to sell, target cut from 465p to 400p. Burberry: Nomura keeps buy rating and 1,450p target. Cairn Energy: BarCap cuts target from 445p to 350p, equal weight rating kept. Computacenter:
Read moreEmphasis on service requires sacrifices at Computacenter
31st Aug 2012 16:30
The first half of the year saw Computacenter suffer growing pains, particularly in Germany, but it is putting its hand in its pocket to ensure it does not suffer a G4S-style delivery failure. "The challenge of implementing multiple contracts simultaneously and delivering what our customers want, is
Read moreLondon open: Tentative start ahead of Bernanke speech
31st Aug 2012 08:32
- All eyes turn to Bernanke - Mining stocks wanted early on after recent losses - Redrow Chairman makes takeover approach Stock markets across Europe have been rather subdued over the past few days and the opening hour of Friday's session was no different as investors continued to show caution ahea
Read moreLondon pre-open: Small dip expected on FTSE ahead of Bernanke speech
31st Aug 2012 07:31
City sources predict the FTSE 100 will open down two points from yesterday's close of 5,719 ahead of today's eagerly awaited speech from Federal Reserve Chairman Ben Bernanke at the Jackson Hole central bankers' economic symposium. There is a general agreement amongst analysts that Bernanke, who i
Read moreOverseas services revenue to slip at Computacenter
31st Aug 2012 07:12
Information technology solutions provider Computacenter said additional start-up costs in the first half of the year meant profits were down slightly year-on-year. Group adjusted profit before tax in the six months ended June 30th fell to £24.0m from £26.6m the year before. Statutory profit before
Read moreLondon close: Stocks slip as Bernanke disappoints
17th Jul 2012 16:41
- No hints from Bernanke for QE3 - German ZEW index falls for third straight month - G4S tumbles on Olympics contract; CSR rockets after disposal, cash return With Ben Bernanke failing to give any clear indications quickly enough this afternoon [before London markets closed], as regards the possibi
Read moreFTSE 250 movers: CSR soars to 12 month high
17th Jul 2012 15:57
Wireless technology and computer chip company CSR powered to a 52-week high as it announced the sale of its handset connectivity technology business to Korean technology giant Samsung, paving the way for the return of a pile of cash to shareholders. CSR plans to return up to $285m to shareholders af
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