Broker snap: Revenue growth to continue at Compass
30th Sep 2010 11:58
Charles Stanley has reiterated its recommendation to buy shares in Compass Group after the catering giant released what the broker described as a 'pleasing trading statement'. 'A key point in today's announcement is the improvement in organic revenue growth. This has showed a good recovery from the
Read moreLondon open: Footsie falls back
30th Sep 2010 08:36
Yesterday's drab showing by Wall Street has engendered a cautious mood on this side of the pond, sending London's leading share index into the red. There has been plenty of corporate news for traders to get their teeth into, much of it relating to the food sector. Compass Group has headed south ev
Read moreLondon pre-open: Stocks set to step back
30th Sep 2010 07:31
Yesterday's drab showing by Wall Street has engendered a cautious mood on this side of the pond, and dealers expect the FTSE 100 to open around 25 points down from its close last night. There has been plenty of corporate news for traders to get their teeth into, much of it relating to the food sect
Read moreSales growth accelerates at Compass
30th Sep 2010 07:12
Contract caterer Compass Group has upped its sales growth guidance again after a strong fourth quarter. Having said in late July that organic sales growth this year would be around 2.5% the company now thinks it will be closer to 3%, including the impact of acquisitions. Organic revenue growth for
Read moreThursday preview: Dairy Crest, Compass, ITE
29th Sep 2010 17:04
Milk and cheese producer Dairy Crest saw its shares take a hit earlier this month when rival Robert Wiseman Dairies issued a profit warning. The company felt moved to issue a statement to calm the markets, saying that though the market was "very competitive" it expected to deliver results that were
Read moreShares for Tanzanite One fees
27th Sep 2010 16:39
All five directors of Tanzanite One have taken shares in lieu of directors' fees that they were owed. The directors' fees have not been paid since October 2009. The total unpaid fees to directors and senior management had mounted up to $383,000. The directors' fees were £157,000 of this. The 12p
Read moreFTSE 100 movers: Results push market higher
29th Jul 2010 14:30
A raft of good results has boosted Footsie today. Scientific journals and magazines publisher Reed Elsevier says advertising and promotion markets are stabilising as underlying revenues increased 1% in the first half. AstraZeneca's potential blockbuster heart drug Brilinta has received the backi
Read moreLondon close: Thumbs down for company updates
28th Jul 2010 16:36
Company updates gave traders plenty to mull over and after an uncertain start to the day, shares closed firmly in the red. Centrica slipped even after the British Gas owner's underlying interim profits jumped 65%. Earnings in the half-year to June rose to £886m from £537m on revenues of £11.7bn, ba
Read moreLondon afternoon: US durable goods blow for equities
28th Jul 2010 14:56
With US markets opening on a weak note leading stocks in London have continued their downward drift. US stocks fell back after US durable goods orders in June fell for a second successive month. June's 1% fall was in contrast to expectations of a rise of similar magnitude. Centrica is in retreat ev
Read moreLondon midday: Shares turn south
28th Jul 2010 12:17
Mining stocks are doing their bit to shore up the Footsie but the majority of leading shares are now in retreat, including most of the big names that issued corporate updates today. Higher metal prices boost demand for miners such as Xstrata, Vedanta and BHP Billiton. Rio Tinto is also wanted after
Read moreUPDATE: Compass Sales Growth Returns To Trend Ahead Of Schedule
28th Jul 2010 09:40
(Adds detail) By Michael Carolan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Compass Group PLC (CPG.LN), the world's largest caterer by sales, Wednesday posted a sharp acceleration in sales growth in the third quarter as it returned to its long-term sales target quicker than expected.
Read moreLondon open: Footsie higher after results flood
28th Jul 2010 08:47
London's blue chips have opened despite a mixed reception to some of the announcements on another busy day for company results. Banks are still going well after the reports yesterday that new capital requirements might be less onerous than previously expected. Royal Bank of Scotland and Barclays ar
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
28th Jul 2010 08:20
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0720 GMT [Dow Jones] Seymour Pierce lifts its target price on Compass Group (CPG.LN) to 615p from 575p, and reiterates a b
Read moreMARKET TALK: Seymour Pierce Lifts Compass Group Target Price
28th Jul 2010 08:20
0720 GMT [Dow Jones] Seymour Pierce lifts its target price on Compass Group (CPG.LN) to 615p from 575p, and reiterates a buy recommendation, following the company's 3Q trading update. Says Compass announced a sharp acceleration in organic revenue growth, and encouragingly this was not achieved to th
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
28th Jul 2010 08:19
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0719 GMT [Dow Jones] Compass Group's (CPG.LN) strong organic sales growth at the 3Q stage is likely to be sustained, suggesti
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