Experian surprises with share buyback and new dividend ratio
28th Jan 2015 09:17
Credit checking group Experian has announced a $600m share buyback and made positive noises about growing its dividend, hidden among details of an investor seminar to be held on Wednesday afternoon. The FTSE 100 group said the repurchase programme of 5% of its shares had been decided following a ful
Read moreLondon open: UK stocks rise ahead of FOMC meeting
28th Jan 2015 08:26
Strong results from US blue chips Apple and Yahoo after the closing bell on Wall Street led to a higher open in London on Wednesday, as investors took an optimistic approach ahead of the Federal Reserve meeting. The FTSE 100 was up 0.2% at 6,827 in early deals. US markets finished with sharp losses
Read moreLondon close: Stocks rally strongly after Swiss move as ECB stimulus hopes rise
15th Jan 2015 16:36
A surprise policy move by the Swiss National Bank (SNB) resulted in a choppy day for UK markets on Thursday, though stocks were able to regain their composure and rally strongly as the dust settled. The FTSE 100 finished the session 110.32 points higher at 6,498.78, up 1.7% on the day due to increas
Read moreFTSE 100 movers: Gold miners soar on UBS recommendation, Experian rises
15th Jan 2015 14:57
Gold mining stocks were performing well after UBS said they are "well-placed to benefit from FX and oil weakness" compared with their industrial metal peers. Precious-metal producers Randgold Resources and Fresnillo were the best performers. Third-quarter organic revenue was flat at informatio
Read moreLondon midday: Surprise Swiss policy move sinks stocks, FTSE near one-month low
15th Jan 2015 11:57
Markets were back in the red by Thursday lunchtime, erasing earlier gains after a surprise announcement by the Swiss central bank. The FTSE 100, which rebounded to an intraday high of 6,472.91 early on, was down 0.6% at 6,349 by midday after Switzerland scrapping the franc's minimum exchange rate ag
Read moreBroker tips: Tullow Oil, Experian, Home Retail
15th Jan 2015 11:27
News of a multibillion-dollar write-down at Tullow Oil sent the share price in the exploration company lower on Thursday, though analysts at Westhouse Securities retained their positive rating on the stock. While the size of the $2.3bn write-down (after tax), is likely to disappoint investors, the b
Read moreExperian organic growth flat but core operations strong, says Shore Capital
15th Jan 2015 10:54
Headline group growth at Experian missed analysts' forecasts on Thursday, but Shore Capital's Robin Speakman applauded the stronger-than-expected third-quarter performance from the core credit services division. The broker maintained a 'buy' rating for the stock. Information services company Experi
Read moreLondon open: Stocks rebound after sell-off as earnings impress
15th Jan 2015 08:25
UK stocks advanced on Thursday morning but only partly clawed back losses after a heavy sell-off the previous session. The FTSE 100 was up 1.1% at 6,458 early on, with updates from blue chips Experian, Associated British Foods and Tullow Oil being well-received by the market. The index had dropped
Read moreLondon pre-open: Stocks to rebound after heavy sell-off
15th Jan 2015 07:55
UK stocks are expected to rebound on Thursday after a massive sell-off the previous session on the back of concerns about global growth and plunging commodity prices. City sources predict the FTSE 100 will open 57 points higher than Wednesday's close of 6,388.46. The index dropped 2.4% the previous
Read moreExperian on track after flat revenue in third quarter
15th Jan 2015 07:18
Organic revenue for the three months to 31 December was flat at information services group Experian, in line with expectations as US consumer pain continued. In the period, total revenue from continuing activities was down 1%, with growth at constant exchange rates down 2% due to the acquisition of
Read moreTuesday broker round-up UPDATE
11th Nov 2014 09:55
AdEPT Telecom: WH Ireland moves target price from 170p to 185p, keeping its buy recommendation. Northland moves target price from 165p to 175p and maintains a buy recommendation. Betfair: JP Morgan raises target price from 1175p to 1350p and upgrades from neutral to overweight. BHP Billiton: JP Mor
Read moreMonday broker round-up
10th Nov 2014 15:34
RBS: Nomura reiterates reduce but lifts target price to 370p from 360p. IAG: Liberum reiterates buy, maintaining 550p target. Royal Dutch Shell: JP Morgan reiterates overweight stance but cuts target to 2,500p from 2,700p. Aveva: Westhouse Securities reiterates add and its target price of 1,780p.
Read moreFTSE 100 movers: Mining stocks jump as insurers fall
7th Nov 2014 16:01
Mining stocks were performing well on Friday, leading the risers on the FTSE 100 as metal prices gained on upbeat US economic data. Fresnillo, BHP Billiton, Anglo American, Randgold and Rio Tinto were all in demand. Experian was continuing to advance after a well-received first-half report on Thursd
Read moreBroker tips: Croda, Experian, Tullett Prebon
7th Nov 2014 11:57
Specialty chemicals manufacturer Croda has multiple positive features, yet even after the recent share-price underperformance those are more than fully reflected in the share price, Canadian broker Canaccord Genuity said in a research report sent to clients. Additionally, it expects the firm's futur
Read moreLondon midday: UK stocks rise, but gains trimmed as investors await US jobs data
7th Nov 2014 11:43
UK stocks gained on Friday after Eurozone stimulus hopes and upbeat economic data pushed Wall Street indices to more record highs, but gains were pared slightly by lunchtime as investors waited for the all-important US jobs report. The FTSE 100 was up 0.5% at 6,587 by midday, having touched an intra
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