London open: Stocks bounce off three-week low as Tesco gains
16th Apr 2014 08:42
- Tesco, Hargreaves, Burberry and Persimmon rise after updates - Momentum shares bounce back after recent falls - Chinese data mixed, growth slows - Global economic data in focus today techMARK 2,648.70 +0.68% FTSE 100 6,577.56 +0.55% FTSE 250 15,701.67 +0.71% UK stocks rose strongly on Wednesday
Read moreCapita agrees to buy AMT-SYBEX Group
15th Apr 2014 07:32
Capita has agreed to buy AMT-SYBEX Group, a software business specialising in mobile technology and smart data management to the utilities and transport sectors. The company will pay an initial consideration of £82m and a contingent consideration of up to £23m, based on the business reaching profi
Read moreThursday broker round-up UPDATE
10th Apr 2014 09:23
AMEC: Canaccord Genuity takes target price from 1350p to 1400p and leaves its buy recommendation unaltered. Atkins (WS): Numis ups target price from 1600p to 1650p, while downgrading from buy to add. Burberry: JP Morgan reduces target price from 1600p to 1400p and keeps a neutral rating. Capita G
Read moreFTSE 100 movers: Persimmon lifted by 'Help to Buy' extension
17th Mar 2014 14:40
Housebuilder Persimmon was in the top spot after UK Chancellor George Osborne announced that he is extending the 'Help to Buy' mortgage guarantee scheme by a further four years. Investors were also responding to Rightmove data which showed that asking prices for homes in the UK rose by 1.6% month-o
Read moreCapita wins John Lewis online contact centre deal
17th Mar 2014 12:55
FTSE 100-listed Capita announced Monday that it has been selected by John Lewis to provide its online contact centre. Under the agreement, which is worth £93.5m over five years, Capita will deliver services to support John Lewis's online growth strategy. This will include a digital service built a
Read moreTuesday broker round-up UPDATE
11th Mar 2014 09:03
Aviva: RBC Capital takes target price from 400p to 550p upgrading to neutral. Nomura increases target price from 489p to 625p and reiterates a buy recommendation. Balfour Beatty: Citi raises target price from 220p to 310p maintaining a neutral rating. Goldman Sachs reduces target price from 335p to
Read moreCapita selected as preferred bidder on MOD contract
10th Mar 2014 15:38
Capita has been selected as preferred bidder by the Ministry of Defence (MOD) to be the strategic business partner for the Defence Infrastructure Organisation (DIO). The 10-year contract could be worth around £400m to the FTSE 100 company. Capita will lead a partnership between two integrated sub
Read moreMonday broker round-up UPDATE
10th Mar 2014 08:43
African British Foods: UBS raises target price from 2890p to 3300p and keeps a buy recommendation. BBA Aviation: Citi ups target price from 335p to 385p and reiterates a buy recommendation. Capita Group: Liberum Capital increases target price from 880p to 1100p upgrading to hold. Centrica: Credit
Read moreSunday newspaper round-up: WM Morrison, BP, Barclays
9th Mar 2014 10:14
WM Morrison is preparing to announce aggressive price cuts and 500m pounds of property sales this week, the Sunday Times reported. The price cuts aim to take on Aldi and Lidl, the German chains whose prices have lured MM Morrison customers. The £500m of property sales out of a total portfolio of £10
Read moreFriday broker round-up UPDATE
28th Feb 2014 09:51
Barratt Developments: Liberum Capital ups target price from 430p to 468p and keeps a buy recommendation. Deutsche Bank takes target price from 394p to 452p and retains a buy recommendation. Citi raises target price from 390p to 460p and maintains its buy recommendation. Bodycote: FinnCap increases
Read moreLondon close: FTSE ends higher, Capita and Whitbread lead
27th Feb 2014 16:30
- ONS confirms Q4 UK growth of 0.7 per cent - Yellen points to softer spending - US jobless claims come in above expectations techMARK 2,902.16 +0.09% FTSE 100 6,810.27 +0.16% FTSE 250 16,523.02 +0.31% After a jam-packed day, the FTSE finished slightly higher, helped by confirmation of UK quarterl
Read moreBroker tips: British American Tobacco, Capita, RSA
27th Feb 2014 15:50
British American Tobacco delivered fiscal year 2013 results which were basically in line with consensus estimates, although the company faces several headwinds. The company did, however, manage to raise its adjusted operating margins by 100 basis points to 38.1% despite 3% volume attrition and mac
Read moreFTSE 100 movers: Capita leads as RBS sinks
27th Feb 2014 15:06
Outsourcing specialist Capita led the upside after it said it had won 588m pounds-worth of new contracts so far in 2014, as it lifted pre-tax profits by 14 per cent to 215m pounds for the 2013 full-year. Revenues rose 15 per cent to 3.85bn pounds and operating profits increased to 516m pounds from 3
Read moreInvestec raises Capita price target to 1,100p, retains 'hold'
27th Feb 2014 14:49
Outsourcing outfit Capita released "impressive" full year results, Investec said. The broker highlighted the company's strong rate of organic growth and its "very impressive" win rate. In fact, at 2 out of 3 the company managed its highest ever rate for the former. That is quite important given I
Read moreLondon midday: Shares in decline after busy morning, RBS sinks
27th Feb 2014 11:23
- FTSE down 47.55 points at 6,751.60 - Ongoing protests in Ukraine - Eurozone confidence beats consensus techMARK 2,883.75 -0.54% FTSE 100 6,744.70 -0.80% FTSE 250 16,392.95 -0.48% Stocks registered a sharp decline by lunchtime, as investor sentiment was dampened by unimpressive reports out from R
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