Euromoney acquires HSBC's Quantitative Techniques business
2nd Oct 2013 07:01
Euromoney Institutional Investor on Wednesday confirmed the completion of its acquisition of HSBC's Quantitative Techniques (QT) operation. The online information and events group has re-branded QT as Euromoney Indices and will sell HSBC purchase index calculation services for a minimum period of
Read moreLondon pre-open: FTSE to fall in opening trade
2nd Oct 2013 07:00
City sources predict the FTSE 100 will open around 23 points lower than yesterday's close of 6,460.01, ignoring gains seen in the US overnight and despite an ultimately flat session on Tuesday. Wall Street closed yesterday's session with decent gains despite the partial shutdown of the US governme
Read moreLondon close: Stocks up but gains limited on Fed uncertainty, mixed data
24th Sep 2013 16:31
Markets closed slightly higher on Tuesday afternoon after a choppy day though upside was limited as investors focused on mixed data and the uncertain future for Federal Reserve monetary policy. Last week's surprise decision by the Fed to maintain its stimulus programme is still fresh in investors'
Read moreFTSE 250 movers: Euromoney rises on strong fourth quarter
24th Sep 2013 16:03
Continued growth in the US, and a return to growth for advertising revenues and acquisitions enabled publisher Euromoney Institutional Investor to issue a strong trading update for the fourth quarter. With improved year-on-year performance in the fourth quarter, the group said it expected to annou
Read moreBroker tips: Lloyds, Rolls-Royce, Euromoney
24th Sep 2013 12:26
Investec has upgraded its rating for Lloyds from 'sell' to 'hold' and lifted its target price from 65p to 76p on a more accommodative and targeted political and regulatory backdrop. Analyst Ian Gordon said that the Prudential Regulation Authority's (PRA's) decision to impose an "accelerated" 3% lev
Read moreBroker snap: Canaccord raises Euromoney target after Q4 pick-up
24th Sep 2013 11:36
Canaccord Genuity has upped its target price for business and financial magazine publisher Euromoney Institutional Investor from 1,100p to 1,188p, saying that the company is 'back on track' after a pick-up in trading in the fourth quarter. Analyst Simon Davies maintained his 'buy' recommendation fo
Read moreLondon midday: Market flat after German data comes in mixed
24th Sep 2013 11:30
Stocks were trading broadly flat on Tuesday morning with markets lacking direction after mixed economic data from Germany and concerns about the US economy. The German IFO business climate indicator for the month of September edged up only slightly, yet expectations for the next six months were sli
Read moreTuesday broker round-up UPDATE
24th Sep 2013 08:31
African Barrick Gold: Liberum Capital upgrades to hold with a target price of 147p. Amec: UBS reduces target price from 1200p to 1145p downgrading from buy to neutral. Compass Group: Investec ups target price from 900p to 925p and keeps a buy recommendation. CVS Group: Investec takes target price
Read moreLondon open: Markets flat ahead of economic data
24th Sep 2013 08:30
Stocks opened flat on Tuesday morning as ongoing uncertainty over Federal Reserve monetary policy and concerns over the US debt ceiling continue to dominate market sentiment. Investors were also choosing a cautious approach ahead of business confidence data from Germany this morning, as well as Ame
Read moreLondon pre-open: FTSE to open with modest gains
24th Sep 2013 07:32
City sources predict the FTSE 100 will open up around five points from Monday's close of 6,557.37, a modest rise after yesterday's decline of 39 points. Monday saw heavy falls in the banking sector weigh on US markets as uncertainty over Federal Reserve monetary policy and an ongoing debate over t
Read moreEuromoney optimistic as advertising returns to growth
24th Sep 2013 07:04
Continued growth in the US, and a return to growth for advertising revenues and acquisitions enabled publisher Euromoney Institutional Investor to issue a strong trading update for the fourth quarter. With improved year-on-year performance in the fourth quarter, FTSE 250 group said it expected to
Read moreEuromoney veteran cashes in on record high
3rd Jul 2013 16:55
A veteran executive director of Euromoney Institutional Investor sold more than a third of his holding in the company the day after the shares hit a record high. Daniel Cohen, managing director of the publisher's training division, sold 25,000 shares on July 2nd at 10.02 pounds each. The day before
Read moreFTSE 250 movers: Synthomer drops into bottom spot
16th May 2013 15:27
Shares in chemicals company Synthomer dropped on Thursday after the company said demand in Europe was weaker than anticipated during March and April, driving the overall group performance lower. Investment group 3i Group failed to impress despite a surge in assets under management (AuM) in the year
Read moreEuromoney posts decline in half year revenues
16th May 2013 12:28
Euromoney Institutional Investor, the FTSE 250 international online information and events group, saw its shares fall after revenues declined one per cent in the six months ended March 31st. The figure declined from £189.4m to £187.3m year-on-year, but after a decline in long-term incentive expen
Read moreThursday broker round-up UPDATE
16th May 2013 07:43
Barratt Developments: Deutsche Bank lowers target price from 336p to 327p, while leaving its buy recommendation unaltered. BG Group: Credit Suisse raises target price from 1150p to 1190p keeping a neutral rating. BT Group: Berenberg takes target price from 280p to 375p and retains a buy recommenda
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