De La Rue sales crimped, targets further savings
29th May 2013 07:43
Banknote maker De La Rue saw sales decline eight per cent but increased margins and has hiked its planned cost savings. Revenues were crimped 8.0% to £483.7m in the year to March 30th, lower than the £509m expected by analysts, as paper banknote volumes folded 21% due to challenging market conditi
Read moreSunday share tips: Pennon, GKN, De La Rue
26th May 2013 16:45
Shares of UK water company Pennon are the least likely bid target within the sector. However, prospects for M&A will help to put a floor under the shares. The stock has been punished due to poor pricing for recyclate - recycled material - and following a profit warning last year at its unit dedicate
Read moreThursday broker round-up UPDATE
4th Apr 2013 07:32
Aviva: Bank of America cuts target price from 350p to 335p, while its neutral rating remains unchanged. Barratt Developments: Credit Suisse revises target price from 223p to 317p, while staying with its neutral rating. Bellway: Credit Suisse moves target price from 1202p to 1639p and leaves its ou
Read moreMonday broker round-up UPDATE
4th Feb 2013 07:17
Antofagasta: Nomura lowers target price from 1400p to 1250p and keeps a neutral rating. Aviva Group: Barclays cuts target price from 317p to 302p leaving its underweight rating unaltered. Beazley: Berenberg starts with a target price of 217p and a buy recommendation. Big Yellow Group: UBS reduces
Read moreLondon close: Stocks surge as economic data impresses
1st Feb 2013 16:46
The impressive performance by global stock markets last month continued into the first trading day of February, as a barrage of upbeat economic data lifted sentiment. The FTSE 100 rose a total of 6.4% in January alone, the best January performance since 1989. Eurozone manufacturing beats forecast
Read moreFTSE 250 movers: KCOM rises on Q3 statement
1st Feb 2013 15:44
Communications services provider KCOM rose after saying in a third-quarter statement that it has seen "positive momentum across all brands". De La Rue, the banknote printer, surged after saying that it had received "some" of the previously delayed orders that it had referred to in the last trading
Read moreLondon midday: Euro manufacturing data lifts sentiment
1st Feb 2013 11:58
A better-than-expected reading of Eurozone manufacturing data helped cement gains for equity markets on Friday morning, as investors await the all-important jobs data due out in the US this afternoon. Expectations are for a 165,000 rise in US non-farm payrolls in January when numbers are released a
Read moreLondon open: Stocks extend gains after strong performance in January
1st Feb 2013 08:29
Markets were performing well in early trading on Friday, extending gains made last month, ahead of the all-important jobs report in the US this afternoon. The FTSE 100 rose a total of 6.4% in January alone, the best January performance since 1989. However, as Joe Rundle, head of trading at ETX Cap
Read moreFriday broker round-up UPDATE
1st Feb 2013 07:55
Afren: HSBC shifts target price from 190p to 200p, while reiterating an overweight rating. Antofagasta: Exane BNP reduces target price from 1500p to 1350p maintaining an outperform rating. Antrim Energy: Westhouse Securities lowers target price from 70p to 65p and reiterates a buy recommendation.
Read moreDe La Rue trading in line amid challenging market
1st Feb 2013 07:42
Commercial banknote printer De La Rue has reiterated that results for the current year are expected to be flat on 2011/12 after an 'in-line' performance in the third quarter. The firm said on Friday that its Currency Division is expected to produce 6.4bn banknotes and around 9,000 tonnes of banknot
Read moreSunday newspaper round-up: Barclays, UK AAA, China
9th Dec 2012 13:51
An international trade war is threatening to erupt over an American plan that would force Barclays and Deutsche Bank to pump more cash into their Wall Street operations. Daniel Tarullo, a governor of the Federal Reserve, wants tougher capital and liquidity rules for all foreign banks operating in Am
Read moreWednesday broker round-up UPDATE
28th Nov 2012 07:26
ARM Holdings: Barclays Capital raises target price from 750p to 820p, overweight rating kept. Assura Group: Oriel Securities starts with an add recommendation. Espirito Santo moves target price from 37p to 37.50p, buy recommendation unchanged. Britvic: Deutsche Bank raises target price from 370p t
Read moreDe La Rue profits up in challenging market
27th Nov 2012 07:07
Bank note printer De La Rue reported both revenues and profits were up in the first half, but noted a more challenging paper market as competitors upped production. The firm said banknote print volumes were up 4.0% to 2.9bn notes in the six months to September 29th, but banknote paper volumes decli
Read moreFTSE 250 movers: Talvivaara continues to take a hit
13th Nov 2012 15:34
Nickel miner Talvivaara was significantly lower as speculation about last week's gypsum pond leakage at its project in Finland continues to pressure the stock. Speaking overnight to Finnish broadcaster Yle's current affairs programme A-studio, Talvivaara Chief Executive Harri Natunen said that taxpa
Read moreDe La Rue sees paper volumes decline and reveals continued delays
13th Nov 2012 07:51
Bank note printer De La Rue has said that while banknote print volumes were up 4.0 per cent to 2.9bn notes in the six months ended September 29th, banknote paper volumes declined 15 per cent to 4,500 tonnes. The group said the decline was a reflection of the "more challenging market" following the
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