FTSE 250 movers: Michael Page Intl plunges after mixed update
14th Oct 2013 16:30
Recruitment group Michael Page International fell sharply today after a mixed third quarter, as improved performances in the UK and US were counterbalanced by flat sales in Europe and declines in Asia Pacific. Gross profit increased by just 0.4 per cent year-on-year at constant currency. Chemring s
Read moreMonday broker round-up UPDATE
14th Oct 2013 08:46
Admiral Group: JP Morgan cuts target price from 1122p to 1022p maintaining an underweight rating. Balfour Beatty: Numis increases target price from 285p to 315p and stays with its add rating. Bankers Petroleum: Goldman Sachs takes target price from 365p to 379p and reiterates a buy recommendation.
Read moreLondon close: Stocks jump to two-week high on hopes over US debt deal
11th Oct 2013 16:34
Hopes that US lawmakers can lift the debt ceiling and avert a default spurred markets higher on Friday with the FTSE 100 rising to levels not seen in two weeks. Sentiment was also lifted by the successful stock-market debut of postal group Royal Mail which soared by over a third after attracting a
Read moreFTSE 250 movers: Chemring shares plunge on warning
11th Oct 2013 15:24
Military equipment manufacturer Chemring sank sharply this morning after saying that its North American business continues to be affected by the US government shutdown and said the full impact was unknown - although it would have a definite impact on October order intake and deliveries in the US Dep
Read moreFTSE 100 movers: Travis Perkins lifted by Liberum Capital rating
11th Oct 2013 14:34
Travis Perkins shares got a boost after Liberum Capital raised its target price and reiterated its 'buy' rating on the builders' merchant and home improvement retailer. Restaurant and hotels owner Whitbread was also higher after Citigroup upgraded the stock to 'buy', saying: "Improved sentiment ar
Read moreLondon open: Stocks extend gains on hopes over debt-ceiling deal
11th Oct 2013 08:27
UK stocks were making small gains on Friday morning in light of an impressive finish on Wall Street and Asian markets overnight on the back of hopes that US lawmakers could come to a resolution over the impending debt ceiling. Benchmarks in New York surged by at least 2% each - the Dow Jones put it
Read moreLondon pre-open: FTSE to continue to climb higher
11th Oct 2013 07:25
City sources predict the FTSE 100 will open around 28 points higher than Thursday's close of 6,430.49, as investors begin to rebuild their confidence on hopes that lawmakers can come to a deal over the debt ceiling to stave off a default. Both US and Asian markets put it a strong performance overn
Read moreChemring Group warns on performance
11th Oct 2013 07:01
Defence giant Chemring Group gave a mixed update on Friday morning, although by and large it is likely to disappoint. The only good news on offer was that its UK subsidiary, Chemring Countermeasures, has been awarded a "significant" contract from a Middle Eastern customer, the proceeds of which wi
Read moreWednesday broker round-up UPDATE
9th Oct 2013 07:57
Air Partner: Liberum Capital initiates with a target price of 555p and a buy recommendation. Alent: Credit Suisse moves target price from 420p to 430p and keeps an outperform rating. AZ Electronic Materials: Credit Suisse revises target price from 350p to 330p, while staying with its neutral ratin
Read moreSector movers: BAE, Rolls-Royce lead aero/defence sector higher
24th Sep 2013 14:27
Aerospace and defence stocks were among the best performers on Tuesday afternoon with gains from sector giants BAE Systems and Rolls-Royce providing a lift. BAE's share price was boosted on the news that South Korea has reopened an $8bn tender to upgrade its ageing air force. Seoul is looking for
Read moreWednesday broker round-up UPDATE
18th Sep 2013 08:28
African Minerals: Canaccord Genuity reduces target price from 410p to 330p, while its buy recommendation remains unaltered. Amlin: Goldman Sachs moves target price from 405p to 420p and reiterates a neutral rating. Andor Technology: Investec takes target price from 360p to 410p leaving its buy rec
Read moreThursday broker round-up UPDATE
29th Aug 2013 09:48
Afren: Westhouse Securities shifts target price from 160p to 165p and reiterates a buy recommendation. BAE Systems: Bank of America raises target price from 328p to 412p, while staying with its underperform rating. Cape: JP Morgan takes target price from 308p to 323p and stays with its overweight
Read moreLondon open: Stocks slip as Syrian turmoil hits risk appetite
28th Aug 2013 08:21
The FTSE 100 dropped firmly into the red on Wednesday morning as escalating tensions between Syria and the West spurred a reduction in risk appetite amongst investors. UN weapons inspectors are expected to return to a site in Damascus near where the suspected chemical weapons attack happened last w
Read moreLondon pre-open: Markets seen lower on fears over intervention in Syria
28th Aug 2013 07:30
Markets are expected to open firmly lower this morning as fears about an impending military invention in Syria continue to dampen sentiment and reduce risk appetite. "Global equity markets are expected to record significant losses again on Wednesday, as investors pile their cash into safe haven ass
Read moreChemring revenues hit by sequestration in third quarter
28th Aug 2013 07:08
Chemring, the manufacturing company serving the defence markets, saw a sharp year-on-year decline in revenue in the third quarter as it continues to feel the effects of automatic spending cuts in the States. Revenue totalled £142.8m in the three months to July 31st, down 13.5% from the £165.1m repo
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