Broker snap: De La Rue to take a pounding
4th Oct 2010 11:52
Troubled bank note printer De La Rue is still on Panmure Gordon's sell list, and the broker has cut its price target to reflect reputational damage the company has suffered from the revelation that some of its employees had been deliberately falsifying paper specification test certificates for bank
Read moreBroker tips: British Airways, Morrisons, De La Rue
9th Sep 2010 10:52
German broker Commerzbank is keen on British Airways after a good roadshow meeting with the airline. BA continues to benefit from a strong market environment and is making significant progress on major issues such as pensions , the merger with Iberia and the transatlantic joint venture with Ameri
Read moreBroker snap: De La Rue still a sell
9th Sep 2010 10:52
Panmure Gordon remains a seller of banknote printer De La Rue following Tuesday's revelation some of its staff had been falsifying paper specification test certificates. The broker has downgraded estimates for both this year and next, but thinks the risk to forecasts remains "firmly on the downside
Read moreWednesday newspaper round-up: Barclays, HSBC, BP...
8th Sep 2010 06:34
The appointment of Bob Diamond as chief executive of one of Britain's biggest banks has split the coalition along party lines, it emerged last night. Downing Street and the Treasury ? both of which were told of the appointment before it was announced ? insisted that they were relaxed about the prom
Read moreLondon close: Winning streak ends
7th Sep 2010 16:48
London's leading share index gave up a winning streak that lasted all last week and continued yesterday. The day started sluggishly and continued in that vein after a lower start on Wall Street. Takeover talk provided much of the excitement, with bid speculation about engineering group Invensys an
Read moreLondon afternoon: Bid rumours relieve the gloom
7th Sep 2010 14:02
It's a case of 'another day, another bid rumour' for London, with bid speculation about engineering group Invensys and oil explorer Tullow Oil providing a bit of cheer to a subdued market. The rumour-mongers are suggesting that the UK engineering conglomerate could be the subject of a 350p per sh
Read moreFTSE 250 movers: De La Rue falls after taking £35m hit
7th Sep 2010 12:23
Shares in banknote printer De La Rue fell after it said that some of its employees had been deliberately falsifying paper specification test certificates for banknotes. The problems will impact pre-tax profits by at least £35m for the first half of the year, the company said. Shipment of affected b
Read moreLondon midday: Winning streak in danger
7th Sep 2010 12:02
Footsie ended the morning making its second attempt of the day at a rally but the blue-chip index remains in negative territory and in danger of seeing its winning streak in September come to an end. Expectations of a lower start on Wall Street as the US returns to work after the Labour Day holiday
Read moreDe La Rue takes £35m hit after staff falsify certificates
7th Sep 2010 10:26
Shares in banknote printer De La Rue fell again after it said that some of its employees had been deliberately falsifying paper specification test certificates for banknotes. The problems will impact pre-tax profits by at least £35m for the first half of the year, the company said. Shipment of affe
Read moreMARKET TALK: UBS Cuts De La Rue Price Target
26th Jul 2010 10:12
0912 GMT [Dow Jones] UBS cuts De La Rue (DLAR.LN) price target to 695p from 860p. Says the production issues at the company are serious and could affect De La Rue's reputation, making the stock one to avoid. Notes the company's weakening order book, as well as the fact margins are at a peak. UBS app
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
26th Jul 2010 10:12
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0912 GMT [Dow Jones] UBS cuts De La Rue (DLAR.LN) price target to 695p from 860p. Says the production issues at the compan
Read moreThursday tips round-up: GSK, Hochschild Mining, De La Rue
22nd Jul 2010 06:14
Announcing yesterday's second-quarter numbers, GlaxoSmithKline said it might start a shares buyback programme, which could help the share price. GSK has ruled itself out of any bidding war for the Durex maker SSL, which yesterday recommended a bid from Reckitt Benckiser. The stars are starting to al
Read moreFTSE 250 movers: SSL surges on Reckitt bid
21st Jul 2010 14:48
Shares in SSL, the maker of Durex condoms and Scholl foot care products, soared after a bid from Reckitt Benckiser, the maker of household products such as the cleaning agent Cillit Bang and Nurofen painkillers. Reckitt will pay SSL shareholders 1,163p per share with a final dividend taking the tot
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
21st Jul 2010 10:29
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0929 GMT [Dow Jones] Panmure Gordon downgrades De La Rue (DLAR.LN) to sell from hold and cuts its target price to 661p fro
Read moreMARKET TALK: Panmure Downgrades De La Rue To Sell
21st Jul 2010 10:29
0929 GMT [Dow Jones] Panmure Gordon downgrades De La Rue (DLAR.LN) to sell from hold and cuts its target price to 661p from 983p, citing the company's profit warning following production problems at the banknote paper operation. With some output failing to meet quality specifications, production & s
Read more