Wednesday tips round-up: Misys, Arm, Croda
28th Jul 2010 06:53
Reckitt Benckiser is looking for more bolt-on acquisitions in the health and personal care area - and SSL is an excellent purchase, although at £2.54bn it cannot be described as cheap. However, you have to pay for quality and SSL will fit well with Reckitt. The shares are trading on a December 201
Read moreLondon close: Lead slashed as miners fail
27th Jul 2010 16:37
A big chunk of the morning's hard-fought gains went up in smoke late in the session as an early rally on Wall Street quickly turned into nothing. Miners were the main culprits. All the big guns gave back big leads mid-afternoon following stronger-than-expected US home-price data that helped the dol
Read moreLondon afternoon: Basel boost for banks
27th Jul 2010 14:32
Banking stocks have wrenched attention away from BP this morning, with the major UK banks lifted by strong figures from European peers Deutsche Bank and UBS and also by rumours that banking regulator the Basel Committee is set to lower its minimum capital and liquidity requirements. Barclays, Lloy
Read moreLondon midday: Shares edge higher
27th Jul 2010 11:56
London's blue chips are still edging higher, with banks leading the way after Swiss peer UBS beat earnings estimates. Barclays, Lloyds and Royal Bank of Scotland are the top risers in the FTSE 100. Net profit at UBS in the second quarter came to 2bn Swiss francs from a loss of 1.4bn francs last tim
Read moreFTSE 250 movers: Croda numbers impress market
27th Jul 2010 11:38
Croda's strong numbers have sparked a strong positive reaction. Record results at its two main divisions helped the speciality chemicals supplier double half year pre-tax profit, with strong trading trickling into the first weeks of the second half. Engineer Tomkins has motored ahead after its boar
Read moreLondon open: Strong start for blue chips
27th Jul 2010 08:49
Footsie is making good gains in early trading, though BP, the big story this morning, has not joined in as yet. The oil giant BP confirmed Tony Hayward is to step down as chief executive of the group on 1 October to be succeeded by fellow executive director Bob Dudley. The group also unveiled a $
Read moreCroda doubles H1 pre-tax profit
27th Jul 2010 07:57
Record results at its two main divisions helped speciality chemicals supplier Croda double half year pre-tax profit, with strong trading trickling into the first weeks of the second half. Pre-tax profit surged to £96.2m in the six months to 30 June 2010 from £46.3m the year before. Sales on contin
Read moreCroda International 1H Pretax Profit GBP96.2M On Revenue GBP516.1M
27th Jul 2010 07:26
LONDON (Dow Jones)--Croda International PLC (CRDA.LN) said Tuesday that for the six months ended June 30, it made a pretax profit of GBP96.2 million compared with GBP46.3m in the previous year. MAIN FACTS: -Revenue GBP516.1 million (2009: GBP404.5 million) -Operating profit GBP100.8 mill
Read moreTuesday preview: BP, ARM, Halfords
26th Jul 2010 16:26
Beleaguered oil giant BP is expected to announce a headline loss when it announces second quarter results on Tuesday as a result of provisions for the Gulf of Mexico crisis, though estimates of how big the loss will be vary, as analysts try to guess whether BP will swallow its poison in one gulp or
Read moreOn Dow Jones Investment Banker Today: Booz Allen, Coinstar
25th Jun 2010 21:38
LONDON (Dow Jones Investment Banker)--The following columns have been published exclusively on Dow Jones Investment Banker in recent days. Many Dow Jones Investment Banker columns contain spreadsheets, video, PDFs and other supporting material. To arrange access to the best of Dow Jones news and opi
Read moreCroda sells German business
10th May 2010 08:33
Shares in Croda International were galvanised on Monday morning by news of the sale of the company's German oleochemicals business. The UK-based speciality chemicals supplier has agreed to sell its Emmerich site and associated German operations to a subsidiary of Kuala Lumpur Kepong Group (KLK) for
Read moreThursday tips round-up: BAT Industries, Fenner, Stagecoach
29th Apr 2010 06:37
British American Tobacco signalled that consumers continue to cut back on smoking cigarettes globally, despite the recession drawing to a close in many of its markets. BAT shares trade on a 2011 price-earnings ratio of 11.1, which is a premium to rival Imperial Tobacco. Therefore, despite the expec
Read moreLondon close: S&P puts spanner in the works
28th Apr 2010 17:09
For the second day in a row the debt ratings agency Standard & Poor's has sent markets into a late swoon, this time with a downgrade on Spanish sovereign debt. Standard & Poor's (S&P) cut its long-term sovereign credit rating on Spain, saying the country is likely to see an extended period of subd
Read moreLondon afternoon: Footsie in positive territory
28th Apr 2010 14:40
The FTSE 100 is now in positive territory as heavily weighted index constituents such as Shell, BP, HSBC and Glaxo make headway, but the FTSE 250 index remains in the red. Higher oil prices helped Royal Dutch Shell post a sharp rise in earnings in the first quarter of 2010. Profit jumped to $4.9bn
Read moreLondon midday: Stocks off the bottom
28th Apr 2010 12:13
Blue-chips are beginning to recover their poise, helped by demand for heavyweight oil stocks in the wake of better than expected results from Shell, and a positive reaction to results from Glaxo, released at noon. Higher oil prices helped Royal Dutch Shell post a sharp rise in earnings in the first
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