London open: Whitbread, Home Retail provide a boost early on
19th Jun 2012 08:30
- Leaders to take 'all necessary policy measures' - Whitbread provides a lift on the Footsie after strong Q1 - Greece, Spain and FOMC in focus The FTSE 100 index advanced in early trading on Tuesday morning after euro members pledged to 'safeguard' the region. According to a leaked draft communiqu
Read moreDefence cuts hit Chemring profit
19th Jun 2012 07:19
Military counter-measures specialist Chemring said global defence markets continue to be uncertain, with budget cuts in all NATO countries, but it remains confident of a strong second half and meeting full year expectations. The group, which makes decoys for military aircraft and ejector seats, sai
Read moreTuesday preview: Whitbread, Home Retail, Chemring, inflation
18th Jun 2012 15:32
Whitbread holds its annual general meeting on Tuesday, and is likely to give shareholders an update on trading in its first quarter. Aided by relatively easy comparisons from a year ago, broker Jefferies thinks Whitbread will pour out like-for-like (LFL) sales growth of around 3%, with the Premier
Read moreWeek Ahead: Elections, BoE minutes, Whitbread
15th Jun 2012 08:02
Unusually, focus next week will be more on polling stations than stock markets, with Greece, France and Egypt all holding elections over the week-end. The key one for the future of the Eurozone is Greece, although a Socialist victory in France could also have interesting repercussions for the futur
Read moreThursday tips round-up: Aggreko, Chemring, Nautical Petroleum
7th Jun 2012 07:07
In the Telegraph Aggreko gets the once over from Questor. There's no doubt it's a successful company, providing temporary power to everything from the Olympics to Glastonbury. Yesterday it announced a 250m-dollar contract to build a temporary power station serving both South Africa and Mozambique. B
Read moreWednesday broker round-up - UPDATE
6th Jun 2012 07:57
Chemring: Jefferies reiterates buy rating and 512p target. Bovis Homes: Liberum Capital downgrades to hold, target cut from 525p to 465p. Halfords: Peel Hunt downgrades from hold to sell. Imperial Tobacco: UBS reiterates buy rating and 2,745p target. Logica: UBS downgrades from buy to neutral, t
Read moreChemring jettisons marine business
6th Jun 2012 07:16
Military equipment maker Chemring has offloaded its marine interests to Drew Marine. Private equity-backed firm Drew Marine is paying £32m in cash for Chemring Marine, a supplier of marine pyrotechnic distress signals to the commercial and leisure marine markets. In the year ended October 31st 201
Read moreLondon close: US manufacturing data fuels late surge
1st May 2012 16:38
- US data offsets disappointing figures from China, UK - Lloyds leads banks higher, Man Group tumbles - Chemring gains 20pc after contract win With markets cautious early on after some disappointing manufacturing data from China and the UK, an upwards surprise in manufacturing figures Stateside gav
Read moreFTSE 250 movers: Chemring advances as CSR is left behind
1st May 2012 14:52
Pyrotechnics and military counter-measures specialist Chemring surged on Tuesday after announcing two new orders, one big and one small. Its Chemring Countermeasures subsidiary has been awarded a five-year agreement with the UK Ministry of Defence, worth an initial £21m, while in the US, its Non-I
Read moreLondon midday: Lloyds makes gains as stocks shrug off PMI data
1st May 2012 11:35
- UK, China PMIs disappoint - Lloyds provides a lift, Man Group and BP drop after updates - European, Asian markets closed; US open With most European and Asian markets closed today for May Day, the Footsie was trading only slightly higher by Tuesday lunchtime as some worse-than-expected manufactur
Read moreLondon open: UK stocks rise on quiet day for global markets
1st May 2012 08:28
- Several bourses closed for May Day - Chinese manufacturing PMI below expectations - Lloyds impresses, BP doesn't With most markets in Asia and Europe closed for May Day on Tuesday, London's FTSE 100 opened with moderate gains as some well-received results from Lloyds and Imperial Tobacco provided
Read moreTuesday broker round-up - UPDATE
1st May 2012 08:09
Aberdeen Asset Management: Citigroup ups target from 290p to 310p, buy rating kept; Barclays Capital raises target from 260p to 285p, equal weight retained; UBS lifts target from 310p to 340p, buy rating unchanged. Avocet Mining: Nomura reiterates buy recommendation and 310p target. Cape: Arden Pa
Read moreChemring shares pulled up by Husky order
1st May 2012 08:03
Pyrotechnics and military counter-measures specialist Chemring started Tuesday with a bang after announcing two new orders, one big and one small. Its Chemring Countermeasures subsidiary has been awarded a five year agreement with the UK Ministry of Defence, worth an initial £21m, to supply infra-r
Read moreFriday broker round-up - UPDATE
27th Apr 2012 09:21
AstraZeneca: Credit Suisse maintains underperform rating and 2,600p target. ASOS: HSBC upgrades from neutral to overweight, target cut from 1,900p to 1,780p. Barclays: Nomura reiterates neutral recommendation and 268p target. British American Tobacco: Jefferies maintains buy recommendation and 3,
Read moreLondon close: Stocks rise on euro optimism
1st Mar 2012 17:00
- Greek CDSs will not be triggered, ISDA says. - Merkel may be willing to consider bailout fund increase. - Man Group surges after shaking up divi policy. - Tata weighing up a bid for Cable and Wireless Worldwide. It was a bullish start to March, with London's blue chips finishing close their hi
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