London midday: Travel stocks lift markets higher after Iran deal
25th Nov 2013 11:18
- Markets hail Iran accord over nuclear programme - Oil, gold prices drop after Iran deal - US markets set to extend record highs techMARK 2,654.27 +0.46% FTSE 100 6,695.66 +0.32% FTSE 250 15,292.96 +0.69% News of a deal constraining Iran's nuclear programme gave equity markets a lift on Monday mo
Read moreBroker snap: Cranswick beats forecasts but valuation 'fair', says Panmure
25th Nov 2013 10:38
Panmure Gordon has reiterated its 'hold' rating for pork producer Cranswick despite a better-than-expected first-half report, saying that the stock's current valuation looks 'fair'. As previously reported, revenues rose 15% in the six months to the end of September to £483.5m, helped by particularl
Read moreLondon pre-open: FTSE to rise on US deal with Iran
25th Nov 2013 07:28
City sources predict the FTSE 100 will open around 28 points higher than Friday's close of 6,674.30 after the US struck a deal with Iran on its nuclear activities in exchange for the easing of international sanctions against it, which had been affecting its oil exports. The deal means tensions in th
Read moreCranswick's first-half profit and revenue rise on pork demand
25th Nov 2013 07:11
Pork producer Cranswick reported a 16 per cent rise in pre-tax profits of 26.1m pounds in the first half on the back of strong demand for the meat. Revenue jumped 15% to £483.5m in the six months through September, following the commissioning of a new pastry facility in North Yorkshire and the str
Read moreThursday broker round-up UPDATE
17th Oct 2013 09:45
AGA Rangemaster Group: N+1 Singer ups target price from 135p to 150p and stays with its buy recommendation. Anglo American: HSBC raises target price from 1610p to 1740p maintaining an overweight rating. Antofagasta: HSBC increases target price from 900p to 990p and upgrades to overweight. Aquariu
Read moreFTSE 250 movers: Telecom Plus surges after strong first half
8th Oct 2013 15:54
The share price of Telecom Plus surged on Tuesday afternoon after the utility services company reported that growth accelerated strongly in the first half. The firm said that customer numbers jumped by 50 per cent in the six months to September 30th, as it guided to a record full-year performance. F
Read moreLondon close: US budget impasse continues to knock investor sentiment
7th Oct 2013 17:15
Stocks bounced off their lows on Monday but still finished firmly in the red as the US government shutdown extended into its second week with politicians continuing to wrangle over the budget and impending debt ceiling. The FTSE 100 in London finished 16.6 points lower at 6,437.28, rallying in aft
Read moreFTSE 250 movers: Supergroup hit by Burberry comments
7th Oct 2013 16:03
Supergroup shares took a significant hit after luxury brand Burberry's Chief Executive Officer Angela Ahrendts told French newspaper Les Echos that the slowdown in China may be more than temporary; in fact, it could be the new reality. SuperGroup said back in July that China represents an "exciting
Read moreLondon midday: US budget impasse weighs heavily on stocks
7th Oct 2013 11:22
Markets started the new week on a dull note with the FTSE 100 dropping sharply on Monday morning in light of the ongoing government shutdown Stateside. US stock futures were also heading in the same direction ahead of the opening bell on Wall Street given that an absence of economic data from acros
Read moreLondon open: M&S, Burberry lead FTSE 100 lower as US shutdown persists
7th Oct 2013 08:29
An ongoing government shutdown Stateside continued to weigh on market sentiment on Monday with London's FTSE 100 registering losses in morning trade. US lawmakers failed to reach an agreement on either the budget or the debt-ceiling over the weekend, heightening fears that the US could run out of t
Read moreMonday broker round-up UPDATE
7th Oct 2013 07:58
Abcam: Investec raises target price from 504p to 552p and retains a buy recommendation. Britvic: Nomura raises target price from 630p to 680p maintaining its buy recommendation. Cranswick: Panmure Gordon reduces target price from 1200p to 1140p and maintains a hold recommendation. First Group: Je
Read moreLondon pre-open: FTSE to decline as US crisis rumbles on
7th Oct 2013 07:30
City sources predict the FTSE 100 will open around 23 points lower than Friday's close of 6,453.88, as Congressional leaders on Capitol Hill failed to come to a resolution over the budget crisis during the weekend. In remarks made behind closed dooors the speaker of The United States House of Repres
Read moreCranswick brings home the bacon in half year results
7th Oct 2013 07:04
UK food producer Cranswick brought home the bacon in the last half as total sales rose 15 per cent, driven by demand for pork. In a trading update for the six months to the end of September, the company said sales growth was supported by the "attractiveness, versatility and low relative price" of B
Read moreCranswick on track despite margin squeeze
29th Jul 2013 09:26
Food producer Cranswick said the year had started in line with expectations despite higher pig prices and the cost of its new pastry factory. It said operating margins in the first quarter were below those achieved in the last financial year. But total sales were up 12% in three months to June 30
Read moreHighland Gold Chairman spends big after recent share-price weakness
11th Jul 2013 16:27
The Non-Executive Chairman of Russia-focused resources group Highland Gold Mining invested over one million pounds in the firm one day after the stock reached a 52-week low. As has been the case with the wider mining sector, the share price has suffered since the start of the year as commodity pric
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