London close: Winning streak ends
14th Jul 2010 17:05
A spirited late rally was not enough to return Footsie into positive territory. The blue-chip index recovered from its nadir of 5,206 to rise almost 50 points in the last 90 minutes of trading. Just a third of the blue-chip index's constituents advanced on the day and chief among them was chip desi
Read moreLondon afternoon: Drift lower continues
14th Jul 2010 14:54
A soft start on Wall Street has seen London slide further into the red although there do remain some bright spots. Chief among them is chip designer ARM, which has been lifted by Intel's record results announced last night. Goldman Sachs has responded to Intel's results by upping its price target
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
14th Jul 2010 07:18
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] 0618 GMT [Dow Jones] Citigroup initiates Compass Group (CPG.LN) at buy with 630p target. Says the shares are up by 15% in 20
Read moreMARKET TALK: Citigroup Initiates Compass At Buy
14th Jul 2010 07:18
0618 GMT [Dow Jones] Citigroup initiates Compass Group (CPG.LN) at buy with 630p target. Says the shares are up by 15% in 2010 on strong trading momentum but at the same time are at about a 7%-8% discount to its historical P/E average. Says Compass' cost-saving program has delivered over 200bps of
Read moreINTERVIEW: Compass CEO: Focus Turns To Sales Growth
8th Jul 2010 06:30
(This article was originally published Wednesday.) By Michael Carolan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Compass Group PLC (CPG.LN) will accelerate its sales growth in the second half of its financial year as the U.K.-based caterer moves towards its two-year target of growing ann
Read moreINTERVIEW: Compass CEO: Focus Turns To Sales Growth
7th Jul 2010 15:49
By Michael Carolan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Compass Group PLC (CPG.LN) will accelerate its sales growth in the second half of its financial year as the U.K.-based caterer moves towards its two-year target of growing annual sales above 5% despite the "dullish" global economy
Read moreLondon close: Footsie at 2-week low
8th Jun 2010 16:14
London fell for the third session in a row Tuesday, damaged by a further slump at BP and as a wave of selling sank the banking sector. Comments from ratings agency Fitch about Britain's "formidable" budget deficit didn't go down well, but it was BP that stood out, hitting a 20-month low as the flow
Read moreLondon afternoon: Miners revival not enough
8th Jun 2010 14:40
Footsie staged a small revival over the lunch time session, helped by a recovery by mining stocks, but the majority of FTSE 100 constituents are still in the red with laggards outnumbering leaders by three to one. BP is again among the worst performers as US president Barack Obama said he'd sack t
Read moreLondon midday: Blue chips struggle
8th Jun 2010 12:35
Blue chips struggled all morning with BP under the cosh again and investors surprised by the retirement of Tesco boss Sir Terry Leahy. BP is again among the worst performers as US president Barack Obama said he'd sack the British company's chief executive Tony Hayward. In an interview with NBC to b
Read moreLondon open: Flat start for Footsie
8th Jun 2010 08:41
Footsie is moving sideways this morning with investors unsettled by the late fall on Wall Street last night. Tesco is the big story. Chief executive Sir Terry Leahy is to retire next March with Philip Clarke moving up to take his place as CEO at the UK's top supermarket chain. Leahy steps down af
Read moreLondon pre-open: Footsie to edge higher
8th Jun 2010 07:42
Footsie is expected to edge up in early dealings after closing in the red yesterday. Demand at the World Cup and a pick-up in business elsewhere means temporary power and temperature control services firm Aggreko expects performance this year will be significantly better than previously anticipate
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
8th Jun 2010 07:36
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] 0636 GMT [Dow Jones] Compass Group's (CPG.LN) acquisition of Southeast Service Corp for $65M cash is in line with the compan
Read moreMARKET TALK: Compass Acquisition In Line With Strategy
8th Jun 2010 07:36
0636 GMT [Dow Jones] Compass Group's (CPG.LN) acquisition of Southeast Service Corp for $65M cash is in line with the company's strategy of extending its range of food services says an analyst. However, adds, the acquisition is relatively small and not particularly significant. Says Southeast Servi
Read moreCompass in small side-dish acquisition
8th Jun 2010 07:20
Catering firm Compass Group has snapped up a North American provider of soft support services operating in the education and business and industry sectors. The company is paying $65m (£45m) in cash for Southeast Service Corporation (SSC), a company which last year had revenue of $153m (£106m). Fou
Read moreFriday tips round-up: Old Mutual, Thomas Cook, Trinity Mirror
14th May 2010 07:00
Old Mutual's shares have bounced strongly since 2009's lows, up 87% on the year. They now also come with a dividend ? the company resumed payouts in March after skipping two in a row ? which provides a 4.1% yield. However, at 121p, or ten times 2010 earnings, the greater appeal lies in progress on
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