London midday: Man Group provides a lift as stocks claw back
24th Apr 2012 11:42
- Footsie corrects after sell-off - Man Group jumps as UBS speculates over M&A - Shell makes 220p-a-share offer for Cove UK stocks were making moderate gains by Tuesday lunchtime, rebounding after heavy losses the day before. US stock futures were pointing to a positive start on Wall Street ahead
Read moreLondon open: Financials lead comeback following steep losses
24th Apr 2012 08:40
- Footsie rebounds after Monday's steep losses - Shell makes 220p-a-share offer for Cove - Capita drops after proposing placing The FTSE 100 was clawing its way back slowly on Tuesday morning, following yesterday's steep sell-off which saw London's benchmark lose nearly two per cent of its value on
Read moreCapita to raise fresh equity for bolt-ons, debt reduction
24th Apr 2012 07:21
Business process outsourcing and professional services group Capita is proposing to place 40m new ordinary shares to raise additional capital to make further bolt-on acquisitions and pay down debt. The firm as already spent £91m in the year-to-date and anticipates spending at last the same again in
Read moreLondon close: Financials weigh on Footsie
18th Apr 2012 16:34
- Financials, ex-div stocks weigh down Footsie - BoE's Miles alone on more QE - Italy may delay achieving balanced budget by a year The Footsie finished firmly lower on Wednesday afternoon despite some positive domestic jobless figures, as concerns over the Eurozone continued to dampen sentiment. S
Read moreFTSE 100 movers: Miners leading the way
18th Apr 2012 13:50
Miners were among the best performers on the Footsie with precious metals group Fresnillo rising strongly. The group this morning hailed a strong start to 2012 with gold production beating its own expectations and silver output being on target. BHP Billiton was wanted after iron ore production at
Read moreLondon midday: Investors show caution after yesterday's strong rise
18th Apr 2012 11:46
- Ex-div stocks weigh on Footsie - MPC minutes: Miles calls for more QE - Eurozone swings to deficit in February - UK jobless rate falls for first time since May 2011 London's FTSE 100 index was trading slightly lower by Wednesday lunchtime following a strong showing from the benchmark yesterday, a
Read moreCapita nets Bluefin
4th Apr 2012 08:11
Global business services group Capita is to splash out 50 million pounds on employee benefits consultancy Bluefin Corporate Consulting. Capita said the firm, which is currently owned by AXA, complemented its existing corporate pensions business, Capita Hartshead. The deal will see Bluefin's chief
Read moreCapita takes over Army recruitment
13th Mar 2012 09:20
Capita is to take over the entire recruitment and selection process for both the Regular and Territorial Army. The company will deliver the Recruiting Partnering Project from March 2013, in a deal valued at around £44m a year for 10 years. The Army said the new set up would release over 1000 milit
Read moreTuesday broker round-up - UPDATE
6th Mar 2012 09:20
Serco: Credit Suisse lifts target price to 650p from 600p, remains at outperform. Capita: Credit Suisse revises target to 820p from 770p, retains outperform. Wolseley: UBS downgrades from buy to hold. Pace: Peel Hunt upgrades from hold to buy, raises target to 99p from 75p. International Power
Read moreThursday broker round-up - UPDATE
1st Mar 2012 09:33
RBS: Berenberg downgrades to sell from buy. Randgold Resources: Nomura maintains buy rating and 9,850p target. BG Group: Nomura maintains buy rating and 1,865p target. WPP: Nomura maintains buy rating and 990p target. BAE Systems: UBS ups target from 320p to 360p, buy rating unchanged. Capita:
Read moreLondon open: Lloyds tumbles but Footsie stays flat
24th Feb 2012 08:26
- Lloyds drops after gloomy outlook. - Hammerson up as NAV rises 7%. - BoE's Fisher thinks outlook is 'incredibly uncertain'. The Footsie opened broadly flat on Friday as a strong rise by Capita and Hammerson managed to offset a fall in the mining and banking sectors following a negative reaction t
Read moreLondon close: US data provides a lift
23rd Feb 2012 16:28
- US data comes in better-than-expected. - EC cuts GDP estimates across the board. - RBS, Capita lead risers after full-year results. London's blue chip index finished strongly on Thursday, gaining nearly 40 points in the final two hours, after some better-than-expected economic data Stateside bo
Read moreFTSE 100 movers: Capita in top spot on 2012 predictions
23rd Feb 2012 13:14
Business outsourcing group Capita leapt on news it has achieved a 'reasonable' level of revenue growth in 2011 and expects this to accelerate this year as the value of new and extended contracts more than doubled. Royal Bank of Scotland was hot on its heels despite having made a fourth quarter los
Read moreLondon midday: Gains trimmed after gloomy EU growth forecasts
23rd Feb 2012 11:56
- EC cuts GDP estimates across the board. - RBS, Capita lead risers after full-year results. - German IFO survey comes in at six-month high. After a strong start, gains for the Footsie were pared by lunchtime after the European Commission cut its forecasts for economic growth. The market reaction t
Read moreBroker tips: RBS, Capita, Logica
23rd Feb 2012 11:22
Nomura has maintained its reduce rating and 26p target price for part-nationalised lender Royal Bank of Scotland (RBS), saying that while the group's full-year results were broadly in line with expectations, consensus downgrades are now in the pipeline. "Overall, RBS results were similar to expecta
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