Wednesday preview: UK GDP, US durable goods orders, Compass reports
25th Nov 2014 15:49
UK gross domestic product (GDP) grew by 3% in the third quarter, the Office for National Statistics is expected to confirm on Wednesday. Ahead of the release, a Bank of England (BoE) Governor Mark Carney on Tuesday said the prolonged slowdown in Eurozone poses the biggest threat to the UK economy.
Read moreTesco beefs up board with Compass boss and ex-IKEA chief
6th Oct 2014 07:02
The boss of catering group Compass and the former chief of Swedish furniture giant IKEA are to join the board of Tesco, the UK supermarket announced on Monday morning. Richard Cousins, who has been the group chief executive officer (CEO) of Compass since 2006, "will bring valuable UK and internation
Read moreTuesday broker round-up UPDATE
30th Sep 2014 09:50
Aberdeen: Goldman Sachs ups target price from 540p to 560pp retaining a buy recommendation. African Barrick Gold: Deutsche Bank moves target price from 270p to 280p and reiterates a hold recommendation. Investec lowers target price from 260p to 258p, while upgrading to buy. African Minerals: Invest
Read moreCompass reports good fourth quarter after strong growth in North America
29th Sep 2014 08:15
New business wins, good retention rates and inflationary price increases all helped Compass Group achieve a good performance in the fourth quarter. Regionally, the support services company saw further strong growth in its North America and Fast Growing and Emerging regions and a continued improvemen
Read moreThursday broker round-up UPDATE
31st Jul 2014 09:30
Afren: Oriel places both target price and recommendation under review. Canaccord Genuity places both its target price (prev.: 150p) and its hold recommendation under review. Investec places its target price (prev.: 195p) under review and downgrades from buy to hold. Arbuthnot: Numis ups target pric
Read moreLondon midday: UK stocks flat ahead of US data, Fed decision
30th Jul 2014 11:42
- Corporate earnings receive mixed market reaction - Barclays, Travis Perkins and Astra rise - Antofagasta, ITV and Compass fall - US data, Fed decision in focus later on techMARK 2,783.73 +0.05% FTSE 100 6,803.99 -0.06% FTSE 250 15,675.20 -0.08% The FTSE 100 was trading broadly flat on Wednesday,
Read moreCompass improves margin and revenues but currency impact grows
30th Jul 2014 08:08
- Q3 organic revenue up 4% - Operating margins up 10bps - FY expectations maintained Catering and facilities management giant Compass served up a healthy third quarter of trading, improving margin across the group as revenue growth in North America remained strong while Europe and Japan improved.
Read moreTuesday broker round-up UPDATE
29th Jul 2014 09:37
Abderdeen Asset Management: Berenberg cuts target price from 530p to 510p and maintains a buy recommendation. African Barrick Gold: Numis takes target price from 260p to 330p upgrading from hold to buy. Anglo American: Deutsche Bank increases target price from 1590p to 1650p and reiterates a hold
Read moreLondon open: Stocks fall for second day on profit-taking
8th Jul 2014 09:11
- Investors continue to take profits after recent rally - Fed, Alcoa Q2 report in focus - M&S impresses with clothing improvement - Miners rise, airlines fall techMARK 2,827.25 -0.58% FTSE 100 6,811.08 -0.18% FTSE 250 15,792.64 -0.63% UK stocks declined for a second day on Tuesday as a lack of pos
Read moreFriday broker round-up UPDATE
6th Jun 2014 09:38
African Minerals: Investec places both its target price (prev.: 189p) and its buy recommendation under review. ASOS: JP Morgan reduces target price from 6600p to 4259p and retains its overweight rating. Citi reduces target price from 7000p to 3700p, while leaving its buy recommendation unchanged. D
Read moreTuesday broker round-up UPDATE
20th May 2014 07:58
Alent: UBS lowers target price from 360p to 355p and keeps a buy recommendation. APR Energy: Investec reduces target price from 1150p to 880p and stays with its hold recommendation. ARM Holdings: Goldman Sachs reduces target price from 1450p to 1400p and stays with its buy recommendation. AVEVA H
Read moreThursday broker round-up UPDATE
15th May 2014 09:43
Anglo American: Credit Suisse ups target price from 1800p to 1850p downgrading to neutral. ASOS: Berenberg initiates with a target price of 5350p and a buy recommendation. Barclays: Jefferies lowers target price from 345p to 325p, while staying with its buy recommendation. Bioquell: N+1 Singer pl
Read moreLondon close: FTSE closes modestly higher
14th May 2014 16:59
- FTSE closes up 5.41 points at 6,878.49 - Quarterly unemployment falls - Ukraine launches discussions to end the crisis techMARK 2,793.06 -0.40% FTSE 100 6,878.49 +0.08% FTSE 250 15,974.61 -0.40% UK stocks delivered a modest rise on Wednesday as investors digested the latest minutes from the Bank
Read moreFTSE 100 movers: Aggreko lifted by Citigroup note
14th May 2014 15:15
Aggreko rose strongly today after Citigroup reiterated its 'buy' rating on the stock. Paper and packaging group Mondi was following close behind after it delivered a 13% increase in underlying operating profits in the first quarter despite a "mixed" trading environment and flat sales volumes. Under
Read moreBroker tips: ITV, Compass, Mondi, Admiral
14th May 2014 13:14
Investec has sounded a cautious note on ITV, saying that some may have expected more from the terrestrial broadcaster with its first-quarter update. The broker maintained a 'hold' stance on the shares with a 195p target price, saying that the stock's valuation "looks quite full versus media peers".
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