FTSE 250 movers: De La Rue climbs on profit, broker comment
28th May 2014 14:00
Banknote printer De La Rue rose after it posted a 43% jump in full-year underlying operating profit and said it has entered the new financial year with a good order book. Helping it higher was Investec, which upped its target price from 890p to 915p and left its 'buy' recommendation unaltered. Al
Read moreLondon midday: Stocks rangebound as investors turn cautious
28th May 2014 11:38
- Eurozone data comes in mixed, German unemployment weak - Markets cautious after recent highs - RBS, LSE lead financials high - GSK to be investigated by UK fraud body techMARK 2,788.03 +0.06% FTSE 100 6,849.21 +0.06% FTSE 250 15,890.88 +0.30% UK stocks were trading in a narrow range on Wednesday
Read moreWednesday broker round-up UPDATE
28th May 2014 09:57
Accesso Technology Group: Numis initiates with a target price of 690p and a buy recommendation. Alternative Networks: Westhouse Securities upgrades from add to buy with a target price of 540p. Astra Zeneca: Deutsche Bank raises target price from 3800p to 3950p and keeps a hold recommendation. AVE
Read moreLondon open: UK markets flat as Glaxo falls
28th May 2014 08:37
- European stocks retreat from six-year highs - Economic data in focus - GSK to be investigated by UK fraud body - Weir drops pursuit of Metso techMARK 2,784.94 -0.05% FTSE 100 6,838.75 -0.09% FTSE 250 15,885.65 +0.26% UK equities opened more or less flat on Wednesday as markets showed caution aft
Read moreSector movers: Oil stocks led higher by Petrofac
21st May 2014 14:36
Petrofac lifted oil equipment, services and distribution stocks higher after Barclays raised its recommendation for the UK's largest oil and gas engineer. An increase in oil prices also boosted the sector with both Brent and West Texas Intermediate crude futures higher. Technology stocks were als
Read moreCable & Wireless to invest 250m dollars as FY profits rise
21st May 2014 07:48
Cable & Wireless Communications (C&WC) unveiled higher annual profits, but launched plans to invest an extra 250m dollars to boost what it described as 'disappointing' broadband and TV growth. C&WC said group pre-tax earnings before interest, amortisation and depreciation rose 5% to $608m in the ye
Read moreCable & Wireless sells Monaco stake for 445m dollars
25th Apr 2014 09:58
Telecoms group Cable & Wireless Communications has sold its stake in Monaco Telecom to French entrepreneur Xavier Neil for 445m dollars. The British group, which has sold a string of businesses outside its primary focus of Central America, initially agreed to sell its stake to telecoms group Bahrai
Read moreTuesday broker round-up UPDATE
25th Feb 2014 08:40
African Barrick Gold: Canaccord Genuity raises target price from 205p to 315p and upgrades from hold to buy. Ashmore Group: Canaccord Genuity takes target price from 205p to 315p and downgrades from buy to hold. Associated British Foods: Jefferies increases target price from 2450p to 2600p retaini
Read moreCable & Wireless Comms reports third quarter progress
11th Feb 2014 12:04
Cable & Wireless Communications (CWC) said Tuesday that it continued to have a 'confident' outlook for the 2014 financial year, helped by the progression of its cost reduction plan. The telecommunications service provider said that since September 30th mobile revenue rose 4% across the group, driv
Read moreSector movers: BT boosts telecoms, defensives gain in sell-off
31st Jan 2014 15:22
An upbeat outlook from phone and broadband giant BT boosted the fixed line telecoms sector on Friday after the company's third-quarter statement impressed. Meanwhile, ongoing volatility on the wider stock market - due to emerging-market concerns and rising deflationary risks in the Eurozone - was p
Read moreCable & Wireless forms charitable foundation in The Bahamas
23rd Jan 2014 07:55
Cable & Wireless Communications (CWC) has formed an agreement with the government of The Bahamas to set up a charitable foundation dedicated to investing in projects for the benefit of Bahamians, to be known as the BTC Foundation. The group said it will fund the foundation through a contribution of
Read moreWednesday broker round-up UPDATE
22nd Jan 2014 08:33
Admiral Group: Numis raises target price from 1425p to 1710p upgrading from add to buy. African Barrick Gold: Deutsche Bank moves target price from 180p to 190p and keeps a hold recommendation. RBC Capital takes target price from 220p to 250p and maintains an outperform rating. JP Morgan ups target
Read moreNext Fifteen CEO sells after upbeat trading statement
21st Jan 2014 16:45
Timothy Dyson, the Chief Executive Officer of Next Fifteen Communications, the global digital marketing and PR firm, disposed of 77,997 shares on Tuesday, although his stake still stands at a sizeable 5.072m shares, equivalent to an 8.35 per cent stake. The shares were sold for 86p each, generatin
Read moreNew Cable & Wireless CEO spends almost triple his salary on shares
6th Jan 2014 16:08
The new Chief Executive Officer of Cable & Wireless Communications has acquired 4.3m shares in the company after starting his new role at the beginning of the month. Bentley, who was the Managing Director of British Gas from 2007 to 2013, spent a total of just under £2.45m, equivalent to approxima
Read moreFTSE 250 movers: Centamin rockets on Q4 results
6th Jan 2014 15:29
Shares in Egypt-focused gold miner Centamin leapt today after its fourth-quarter production results smashed expectations. Total gold production from its flagship Sukari project in the fourth quarter reached 91,546 ounces (oz), 8% higher than the third quarter and up 7% on the same quarter of 2012.
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