London close: BP rally lifts Footsie
12th Jul 2010 16:38
BP was in the driving seat, helping Footsie to good gains as the oil giant's shares rallied on the back of bid talk and hopes that the beginning of the end of the Gulf of Mexico oil leak is in sight. BP said the cost of the clean-up in the Gulf of Mexico has risen to $3.5bn from $3.12bn a week ago
Read moreUK SMALLCAP ROUNDUP: Avanti Communications Raises GBP70M
12th Jul 2010 16:00
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps AVANTI COMMUNICATIONS GROUP PLC (AVN.LN), a broadband-by-satellite company, Monday said the launch of its first satellite will be delayed by up to six we
Read moreLondon afternoon: Resource stocks hog the action
12th Jul 2010 14:24
Footsie kicked on over the lunch time session despite mining stocks continuing to be a drag on the index. Expectations of a firm start on Wall Street boosted sentiment while speculative buying has seen BP add to the morning's gains. BP said the cost of the clean-up in the Gulf of Mexico has risen t
Read moreBroker tips: Insurers, Domino's Pizza, Falkland Oil
12th Jul 2010 13:27
With the results season for insurers about to kick off now might be a good time to invest in Legal and General (L&G) and Aviva, suggests Nomura Securities, with both companies likely to report strong cash generation and earnings to support their handsome dividend yields. Nomura is forecasting that
Read moreBroker snap: Broker has had enough of Domino's Pizza
12th Jul 2010 13:13
Pizza delivery firm Domino's Pizza had a strong second quarter, Panmure Gordon concedes, but not strong enough to persuade the broker from changing its advice to exit the shares. The broker has upgraded its full year earnings estimates by 4%, however, and now predicts profit before tax of £35m, a l
Read moreMARKET TALK: Altium Increases Domino's Pizza Price Target
12th Jul 2010 12:33
1133 GMT [Dow Jones] Altium Securities increases Domino's Pizza (DOM.LN) price target to 550p from 500p after delivering interim results ahead of expectations. Says the "excellent" results are bolstered by a number of short-term value-led promotions. Currently models '10 EPS growth of 18.7% but thin
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
12th Jul 2010 12:33
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1133 GMT [Dow Jones] Altium Securities increases Domino's Pizza (DOM.LN) price target to 550p from 500p after delivering inte
Read moreUK SMALLCAP ROUNDUP: Beowulf's Kallak Ore Deeper Than Thought
12th Jul 2010 12:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps BEOWULF MINING PLC (BEM.LN), an iron ore explorer, said Monday the latest drilling results from its Kallak project in Sweden show ore is present at much
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
12th Jul 2010 12:16
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1116 GMT [Dow Jones] KBC Peel Hunt raises its Domino's Pizza (DOM.LN) price target to 485p from 400p following the company's
Read moreMARKET TALK: KBC Raises Domino's Pizza Target Price
12th Jul 2010 12:16
1116 GMT [Dow Jones] KBC Peel Hunt raises its Domino's Pizza (DOM.LN) price target to 485p from 400p following the company's update. Like-for-like sales growth of 17.2% in 2Q is spectacular in any terms, even if it was partly helped by the World Cup. "What this really shows is that Domino's is right
Read moreLondon midday: BP a bright spot in lacklustre Footsie
12th Jul 2010 12:01
Shares in BP have jumped on takeover talk and hopes that it is making progress as it caps the oil leak in the Gulf of Mexico, but Footsie is little changed overall. BP said the cost of the clean-up in the Gulf of Mexico has risen to $3.5bn from $3.12bn a week ago and $2.65bn at the end of June, alt
Read moreUPDATE: Domino's Pizza 1H Sales, Profit Boosted By World Cup
12th Jul 2010 10:55
(Adds CFO comment, detail.) By Hannah Benjamin Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Pizza delivery company Domino's Pizza UK & IRL PLC (DOM.LN) Monday said the soccer World Cup and its sponsorship of prime-time television show Britain's Got Talent helped drive a 31% increase in fir
Read moreINTERVIEW: Domino's Eyes 2H Outperformance
12th Jul 2010 09:57
By Hannah Benjamin Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Pizza delivery company Domino's Pizza UK & IRL PLC (DOM.LN) Monday said it is confident of outperforming analyst expectations in its second half, although it expects trading to be tougher than during the first half. "It would
Read moreUK SMALLCAP ROUNDUP: Falkland Oil & Gas's Well Disappoints
12th Jul 2010 09:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps FALKLAND OIL & GAS LTD. (FOGL.LN), an oil explorer, Monday said it plugged and abandoned the Toroa well after failing to find any oil. The well, offs
Read moreLondon open: A struggle after bright start
12th Jul 2010 08:45
London is struggling to hold onto its bright start despite a good morning for shares in beleaguered oil giant BP. BP said the cost of the clean-up in the Gulf of Mexico has risen to $3.5bn from $3.12bn a week ago and $2.65bn at the end of June, although some say that figure could eventually hit $70
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