London close: Markets up after economic data, Lloyds rises
27th Nov 2013 16:43
- Economic data comes in broadly positive - Global indices trading near record highs - M&A speculation surrounds Lloyds, AMEC techMARK 2,658.82 +0.35% FTSE 100 6,649.47 +0.20% FTSE 250 15,406.67 +0.66% UK markets finished in positive territory on Wednesday as investors reacted to a flurry of econo
Read moreFTSE 100 movers: AMEC leads ex-divis lower, Lloyds rises
27th Nov 2013 15:11
Engineering firm AMEC was a heavy faller today after going ex-dividend. Others in the FTSE 350 including Johnson Matthey, Vedanta Resources, Lancashire Holdings, 3i Infrastructure, UDG Healthcare, Telecom Plus and Dunelm also went ex-div today. Antofagasta was falling after JPMorgan Chase reiterate
Read moreBroker tips: Rio Tinto, Aviva, Compass, NMC Health
27th Nov 2013 11:33
Canaccord Genuity has cut its target price for mining group Rio Tinto but has kept a 'buy' rating, saying that the stock is still 'cheap'. "We believe Rio Tinto shares offer investors strong management and advantaged assets combining to drive a growing dividend. Its investment programme should give
Read moreLondon midday: Stocks rise after UK data, but gains limited
27th Nov 2013 11:33
- Q3 UK GDP confirms small acceleration in growth - German coalition, GfK consumer confidence in focus - Ex-div stocks cap gains - Volumes set to be low ahead of Thanksgiving techMARK 2,656.92 +0.28% FTSE 100 6,648.87 +0.19% FTSE 250 15,386.74 +0.53% Markets in London were in positive territory on
Read moreWednesday broker round-up UPDATE
27th Nov 2013 09:14
Aviva: Nomura moves target price from 474p to 489p retaining a buy recommendation. Bellway: Numis upgrades to buy with a target price of 1690p. Breedon Aggregates: Jefferies starts with a target price of 42p and a buy recommendation. Britvic: UBS ups target price from 575p to 600p and keeps a neu
Read moreBroker snap: Compass 'up with events' after strong performance, says Panmure
27th Nov 2013 09:14
Panmure Gordon has lifted its target price for catering company Compass after annual results came in better than estimated, but the broker maintained a 'hold' recommendation on valuation grounds. "Compass Group has announced its full-year results to the end of September, with trading slightly ahead
Read moreLondon open: Markets edge higher ahead of UK GDP figures
27th Nov 2013 08:15
- Second estimate of Q3 UK GDP due for release - Plenty of economic data from the States - Ex-dividend stocks limit gains in London techMARK 2,654.69 +0.19% FTSE 100 6,649.71 +0.20% FTSE 250 15,370.31 +0.42% UK markets edged higher on Wednesday morning despite some ex-dividend stocks capping gains
Read moreCompass profit hit by impairment charge
27th Nov 2013 07:06
- Solid full-year revenue growth - Pre-tax profit hurt by impairment charge - Upbeat about future trading, ups dividend Compass, the world's largest catering group, reported solid full-year revenue growth, driven by strong performances in North America and Fast Growing & Emerging. The FTSE-100 ca
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 moreHiscox and Restaurant Group CEOs sell up
27th Sep 2013 16:11
Chief Executive at Hiscox, Bronek Masojada, has sold 10,000 shares at 650.50p a piece in the insurance provider. The sale generated £65,050 for Masojada, who joined the company in 1993. For the first half of the year the group posted a pre-tax profit of £180.7m (2012: £125.8m), helped by low ex
Read moreLondon close: Stocks rise despite more unbalanced UK economy
26th Sep 2013 16:58
London's benchmark FTSE 100 index ended the day up 14.06 points at 6,565.59, rebounding after hitting a two-week low of 6,551.53 on Wednesday. That came after a solid reading on US initial weekly unemployment claims - unemployment is the key variable for the short-term economic outlook. However,
Read moreFTSE 100 movers: Energy stocks hit by Labour pledge
26th Sep 2013 15:04
British Gas owner Centrica and utility group SSE were today extending losses after yesterday's proposal by Labour leader Ed Miliband to freeze energy bills if the party is voted back into power in 2015. The stock has now slipped below its 200-day moving average following three days of intense sellin
Read moreLondon midday: Stocks fall as focus remains on US data
26th Sep 2013 11:49
Markets were trading in negative territory on Thursday morning as investors gave a subdued reaction to in-line growth figures from the UK and awaited more economic data from the US. The second and final revision of UK gross domestic product (GDP) growth for the second quarter held steady at 0.7%. M
Read moreLondon open: Markets tentative ahead of economic data
26th Sep 2013 08:19
Markets opened tentatively on Thursday morning as investors awaited economic growth figures from both sides of the Atlantic due out later on. Wall Street benchmarks ended Wednesday's session slightly lower with the S&P 500 finishing in the red for the fifth straight day - its longest losing streak
Read moreCompass says full year expectations unchanged after good quarter
26th Sep 2013 07:03
Compass Group said its expectations for the full year were unchanged with organic revenues set to have risen by just over four per cent and profit margins to have grown slightly. The FTSE 100 catering giant said growth has been driven by new business wins and high client retention particularly in N
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