Wednesday tips round-up: Northern Foods, Cranswick, DTZ
14th Jul 2010 07:02
Northern Foods expects trading to remain challenging, which might be stating the obvious, but it says it is prepared for further squeezes on consumer spending, having already expanded the range of lower-value products it provides to Tesco, in particular. The shares sell on about seven times' this
Read moreLondon close: Triple digit gains
13th Jul 2010 16:31
Footsie's gains exceeded the triple-digit level at trading's close after optimism engendered by an upbeat start to the US results season. Aluminium giant Alcoa posted profits ahead of expectations last night. Here, product testing company Intertek is benefitting from Merrill Lynch lifting its pric
Read moreLondon afternoon: Good start to US results season lifts UK
13th Jul 2010 14:30
Footsie has risen steadily throughout the day, riding a wave of optimism after aluminium giant Alcoa got the second quarter results season in the US off to a strong start, while Merrill Lynch further aided sentiment by talking down the chances of the global economy experiencing a double-dip recessio
Read moreLondon midday: Stocks kick on as inflation eases
13th Jul 2010 12:16
Inflation figures gave the London stock market a boost this morning and the Footsie ended the session close to its highest level for the day. Consumer price inflation (CPI) eased towards the Bank of England's target level of 2% in the year to June. helped by lower petrol prices. CPI annual inflati
Read moreCranswick Sales Rise 19% On Better Volumes, New Plant
13th Jul 2010 10:15
By Charlie Greenaway Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. food company Cranswick PLC (CWK.LN) Tuesday said sales rose 19% in its fiscal first quarter, buoyed by the acquisition of a pork processing plant as well as higher volumes across most of its products. The company, whic
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
13th Jul 2010 09:08
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0808 GMT [Dow Jones] Panmure Gordon downgrades Cranswick (CWK.LN) to hold from buy, noting the shares have risen around 13
Read moreMARKET TALK: Panmure Downgrades Cranswick To Hold From Buy
13th Jul 2010 09:08
0808 GMT [Dow Jones] Panmure Gordon downgrades Cranswick (CWK.LN) to hold from buy, noting the shares have risen around 13% this year. "We continue to believe that the company remains well positioned to deliver further growth but view the shares as fairly valued at current levels." Says the company'
Read moreCranswick sales surge forward
13th Jul 2010 07:43
Bacon, pork and sausages specialist Cranswick lifted sales by 19%, to £198m, in the last three months, with organic growth up by 6% and 13% coming from acquisition CCF Norfolk. Most products saw strong growth in the quarter to end June, reflecting higher volumes, Cranswick said. There were substan
Read moreCranswick 1Q Sales At GBP198M, Up 19% On Last Year
13th Jul 2010 07:18
LONDON (Dow Jones)--Cranswick PLC (CWK.LN), a U.K. supplier of food products, said Tuesday that total sales in the first quarter to June 30 stood at GBP198 million, 19% higher than the previous year, excluding revenues from the pet business which was sold in April 2009. MAIN FACTS: -The incr
Read moreWilliams family buys back shares in Rightmove
29th Jun 2010 17:01
Rightmove managing director and founder Ed Williams's wife has bought back some of the shares he sold prior to the emergency budget. Williams's wife Joanna Barkwill has paid just short of £500,000 to buy 75,964 shares in the estate agency at 653.62p each. That is a lot less than the £8m Williams r
Read moreTuesday tips round-up: Invensys, Elementis, Cranswick
25th May 2010 06:47
Invensys revealed yesterday its order book grew from £2bn to £2.3bn, and the company has been especially focusing on emerging markets, which account for 40% of orders. It has £363m in cash on the balance sheetand there could still be value to be found as the economy recovers. Buy says the Independ
Read moreLondon afternoon: Back to square one
24th May 2010 13:42
Footsie has limped back into positive territory, helped by an about turn by the mining stocks. After spending the morning down in the dumps Rio Tinto is now the best performing mining stock as metal prices head northwards. Fellow mining stocks Xstrata and Anglo American join Rio on the rise but S
Read moreLondon midday: Resource stocks under the weather
24th May 2010 12:35
Resource stocks have driven the Footsie into the red after a bright start. The oil disaster in the Gulf of Mexico has cost BP about $760m (£525m) so far and the under-fire oil giant faces being "pushed out of the way" if its clean-up operation doesn't do better. So far 23,000 claims have been fi
Read moreLondon close: Shares limp higher
24th May 2010 10:50
On an largely directionless day for Footsie, the leading share index was just a few points higher at trading's close. Shares in BP were under pressure again. The oil giant followed what has become a daily update on the oil leak situation in the Gulf of Mexico with an announcement that it will pay
Read moreLondon open: Bright start in London
24th May 2010 08:49
London has made a bright start in all senses with the index picking up handily and the weather matching it. Prudential is the best performer on reports that US firm AIG has drawn up plans to float its Asian arm again if the Pru's attempts to buy it collapse. Miners are also going well on the rally
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