London midday: Stocks dip lower ahead of Eurogroup meeting
26th Nov 2012 12:06
- Market eyeing Eurogroup meeting tonight - Inconclusive election results in Catalonia - Qatar to sell warrants on Barclays UK equities had fallen slightly lower by midday, despite what appeared like relatively positive news-flow on a number of fronts. To a certain extent however, stocks may be t
Read moreBroker snap: Nomura raises price target on Compass
26th Nov 2012 11:23
For analysts at Nomura Compass Group's latest fiscal year results - which showed an 11% increase in earnings per share - encapsulated the key attractions of the investment case. These are strong turnover growth (5.4%), excellent cash flow conversion and continued margin expansion (+8bp). Interestin
Read moreLondon open: Markets start week on a weak footing
26th Nov 2012 08:37
- Market eyeing Eurogroup meeting tonight - Inconclusive election results in Catalonia - Qatar to sell warrants on Barclays UK equities began the week with light losses despite what appears like relatively positive news-flow on a number of fronts. Thus, the easiest explanation for the above contra
Read moreMonday broker round-up UPDATE
26th Nov 2012 07:18
Aberdeen Asset Management: Peel Hunt downgrades to hold, target price rises to 365p from 350p. Associated British Food: Investec raises target price from 1300p to 1400p, hold recommendation maintained. Barclays: JP Morgan raises target price from 250p to 320p and upgrades to overweight. Beazley:
Read moreThursday broker round-up UPDATE
22nd Nov 2012 07:19
Alternative Networks: Westhouse Securities downgrades from buy to add, target price of 280p kept. Babcock International: UBS downgrades from buy to neutral. Barr (AG): N+1 Singer raises target price from 402p to 525p and upgrades to buy. Belvoir Lettings: Seymour Pierce raises target price from 9
Read moreThursday tips round-up: Johnson Matthey, Hyder Consulting and Compass Group
22nd Nov 2012 06:50
Tempus in The Times says the warning from Johnson Matthey that hit the market yesterday was not quite as drastic as those that have afflicted other global industrial producers this autumn, but the burden was much the same. The outlook for the global economy, and for key sectors such as American truc
Read moreLondon midday: Stocks pare losses but market cautious
21st Nov 2012 11:54
- Eurogroup delays Greek aid - MPC minutes show 8-to-1 vote in favour of maintaining QE - Johnson Matthey and Compass lower after results UK stocks had trimmed losses by Wednesday lunchtime but was trading within a narrow range as investors remain cautious following an inconclusive meeting of Euroz
Read moreBroker tips: Compass, Capco, Halfords
21st Nov 2012 10:46
In spite of the negative market reaction to Compass Group's full-year results on Wednesday morning, Nomura has maintained its 'buy' rating and 800p target price for the stock, saying that the figures were in line with its forecasts. Nomura said: "Our FY 13 forecasts assume a slowdown in organic re
Read moreBroker snap: Compass's full year in line, 'buy' says Nomura
21st Nov 2012 09:59
In spite of the negative market reaction to Compass Group's full-year results on Wednesday morning, Nomura has maintained its 'buy' rating and 800p target price for the stock, saying that the figures were in line with its forecasts. Compass, the contract catering giant listed on the FTSE 100, repo
Read moreLondon open: Stocks fall as Greek aid delayed
21st Nov 2012 08:36
London's benchmark FTSE 100 index dropped into the red in early trading on Wednesday morning after Eurozone finance ministers delayed a decision on the next tranche of the Greek bailout. Matthew Nelson, a financial sales trader from Spreadex, said this morning: "The poor sentiment has not been aide
Read moreLondon pre-open: FTSE to open lower on Greek bail-out delays
21st Nov 2012 07:33
City sources predict the FTSE 100 will open down 19 points from yesterday's close of 5,748, after Eurozone finance ministers were last night unable to thrash out an agreement on how to finance a two-year extension in Greece's commitments. While some of the country's lenders - such as Germany, the
Read moreCompass falls despite new buy-back programme - UPDATE
21st Nov 2012 07:18
As expected, contract caterer Compass Group saw profits break through the billion-pound barrier in the 12 months to the end of September, prompting the board to push up its full-year dividend and announce a new share buy-back programme. However, shares fell on Wednesday, trading down 1.76% at 696.5
Read moreWednesday preview: Compass and Johnson Matthey
20th Nov 2012 16:39
Contract caterer Compass will give investors food for thought on Wednesday when it releases full-year results. The market has pencilled in a figure of £16,869m for revenue, which is a lot of sausage rolls and crudités in anyone's language. Profit before tax is expected to break through the billion
Read moreTuesday broker round-up UPDATE
20th Nov 2012 07:17
Beowulf Mining: Seymour Pierce initiates coverage with a buy recommendation and a target price of 18p. Berkeley Group: JP Morgan raises target price from 1616p to 1620p, overweight rating kept. Blinkx: Citigroup downgrades from buy to neutral. Compass Group: Investec raises target price from 740p
Read moreSunday share tips: Compass, Moneysupermarket, North Atlantic
18th Nov 2012 21:25
This time a year ago Compass, the world's biggest caterer, warmed the cockles of its shareholders' hearts with a 500m pound share buyback. Expect history to repeat itself on Wednesday when the company reveals annual results."Chief executive Richard Cousins is likely, says my man in the canteen, to u
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