London 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
Read moreFriday broker round-up -UPDATE
16th Nov 2012 07:22
Anglo American: Deutsche Bank cuts target price from 2600p to 2520p and reiterates a buy rating. Atkins: JP Morgan Cazenove reduces target price from 862p to 859p, overweight rating maintained. Bodycote: Investec raises target price from 400p to 410p, buy recommendation remains unchanged. Brammer
Read moreBroker tips: Electrocomponents, Compass, Tesco
28th Sep 2012 18:41
In a report issued yesterday analysts at Charles Stanley downgraded their view on shares of contract caterer Compass Group, to hold from buy. Thus, they pointed out how: "Over the last 12 months the Compass Group share price has risen by 30% and is near record highs. "Compass Group will be publ
Read moreBroker snap: Charles Stanley downgrades Compass to hold
28th Sep 2012 18:10
In a report issued yesterday analysts at Charles Stanley downgraded their view on shares of contract caterer Compass Group, to hold from buy. Thus, they pointed out how: "Over the last 12 months the Compass Group share price has risen by 30% and is near record highs. "Compass Group will be publi
Read moreFriday tips round-up: Compass, Kingfisher, Diageo
28th Sep 2012 07:17
Compass, the world's largest catering company, has proved an impressive investment through the financial crisis, with the shares up almost 200 per cent from their 2008 lows, but even this most defensive of companies cannot escape the fallout from the Eurozone debt crisis. Compass has responding by s
Read moreLondon close: Back in the blue ... just
27th Sep 2012 16:38
Having briefly broken above 5800 shortly after the start of trading, on the back of news of stimulus measures in China, the top share index move into negative territory in the afternoon session, before rallying near the close. The stock market is not the only thing back in the blue It was revealed
Read moreSector movers: Compass drags Leisure sector south
27th Sep 2012 16:15
Mining stocks have followed metals prices higher, on the back of reports that China's central bank has pumped record amounts of liquidity into the banking system. Not all mining stocks are going well, however. Mining giant Bumi added to recent losses on reports of a rift between the company's major
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