London 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
Read moreLondon midday: German ZEW data dampens stocks
17th Jul 2012 11:45
- German ZEW index falls for third straight month - Bernanke hoped to reveal hints of extra stimulus - G4S, Wolseley provide a drag in London After a subdued start, the Footsie was trading firmly lower by Tuesday lunchtime after German investor confidence fell for a third month in a row. Despite ea
Read moreLondon open: Footsie flat for second day, but CSR rockets
17th Jul 2012 08:36
- Eyes on Bernanke and hints on further stimulus - CSR jumps nearly 40 per cent after disposal - Wolseley sees 'challenging' Europe The FTSE 100 was flat on Tuesday morning following a subdued session the day before, as investors look ahead to a semi-annual monetary policy report from the US Federa
Read moreComputacenter revenues climb 4pc
17th Jul 2012 07:41
European IT services provider Computacenter said it continues to trade in line with company expectations and the outlook for the full year to 31 December remains intact. Group revenue increased 4 per cent in the first half on a reported basis and 8 per cent in constant currency and includes a small
Read moreBroker snap: Credit Suisse cautious about IT services stocks
12th Jul 2012 11:48
Credit Suisse initiated coverage of five information technology companies this morning, saying that its focus is on cash flow which is an issue across the sector. "IT services is a cyclical industry and sustained macroeconomic volatility has taken its toll on investor enthusiasm for the sub-sector.
Read moreTuesday broker round-up
19th Jun 2012 08:16
APR Energy: UBS slashes target from 860p to 690p, sell rating unchanged. BHP Billiton: Jefferies keeps buy rating. Bumi: JP Morgan Cazenove initiates coverage with buy rating and 520p target. Computacenter: UBS cuts target from 530p to 465p, buy recommendation kept. Dixons Retail: Bank of Americ
Read moreLondon close: Losses pared, but Sky falls in
14th Jun 2012 16:42
A late rally on the back of Wall Street strength saw Footsie erase most of the day's losses. Eurozone worries were on the market's mind for much of the day after credit ratings agency Moody's slashed Spain's sovereign debt rating by three notches to a level barely above junk status. Italy's bond
Read moreFTSE 250 movers: Petropavlovsk rises after target boost
14th Jun 2012 15:01
Shares in Petropavlovsk, a Russia-focused gold group, leapt over 10 per cent after the company increased its production target to 700,000oz and reduced its cost expectations. Gold production has jumped 29%, while the average realised gold sales price has soared 15% and total gold sold during the f
Read moreLondon midday: Markets calm as Italian yields rise
14th Jun 2012 11:50
Markets have reacted positively in the main to the outcome of the Italian bond auction on Thursday morning, which saw yields rise fairly steeply. Italy issued a total of €4.5bn of debt in three, seven, and eight-year bonds. It matched its issuance target but had to pay higher yields than on the pr
Read moreLondon open: Sweet FA deal batters Sky and BT
14th Jun 2012 08:45
You would have thought that the market had become used to sovereign debt downgrades by now, but the decision by Moody's to take Spain's rating down three notches to a level adjacent to 'junk' status has ratcheted up tension ahead of Italy's debt auction this morning. Italy is set to auction €4.75bn
Read moreComputacenter performing well but warns on 2012 profits
14th Jun 2012 07:55
European IT services provider Computacenter has said it expects its Supply Chain business to experience high single digit growth for the first half of 2012, but warned it will be required to invest significantly over the remainder of the year. Service revenue continues to grow "substantially", an
Read moreFCAM Executive Chairman tops up his stake
17th May 2012 15:38
Edward Bramson, the Executive Chairman of F and C Asset Management, has increased his stake in the company with the purchase of 134,025 shares. The shares were bought for an average of 67.60p each costing a total of £90,601. Bramson became Executive Chairman in October of last year, before whi
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