Senior directors at ARM trade in shares following success of Q4
7th Feb 2013 15:57
The senior management board at ARM Holdings, the FTSE 100 chip designer, unveiled multiple share disposals on Thursday, with the transactions coming just one day after the group posted a 16 per cent rise in pre-tax profit for the fourth quarter. Warren East, the Chief Executive Officer of ARM sinc
Read moreThursday broker round-up UPDATE
7th Feb 2013 07:14
African Barrick Gold: Deutsche Bank shifts target price from 415p to 410p, while its hold recommendation is maintained. Ashmore Group: Canaccord Genuity moves target price from 315p to 399p and upgrades to buy. Atkins: JP Morgan takes target price from 859p to 893p and reiterates an overweight rat
Read moreImmuPharma non-exec reduces stake
28th Jan 2013 16:06
Dr Ajay Agrawal, Non-Executive Director of ImmuPharma, sold a stack of shares in the AIM-listed drug company, it was announced Monday. Agrawal traded in 62,169 shares at 57p a time on January 24th, pocketing £35,436 before tax. The deal was announced the same day the group said its key scientific
Read moreFriday broker round-up UPDATE
18th Jan 2013 07:53
Aberdeen Asset Management: UBS ups target price from 370p to 440p maintaining a buy rating. JP Morgan shifts target price from 479p to 498p and keeps an overweight rating. Numis raises target price from 400p to 430p, while its add rating remains unchanged. Afren: Nomura cuts target price from 185p
Read moreThursday broker round-up UPDATE
17th Jan 2013 07:19
African Barrick Gold: Westhouse Securities reduces target price from 335p to 305p, while its sell recommendation is unchanged. Anglo American: Exane cuts target price from 2000p to 1650p and downgrades from neutral to underperform. Antofagasta: Exane ups target price from 1400p to 1500p keeping an
Read moreThursday tips round-up: Jupiter Fund Management, Experian, Bloomsbury
17th Jan 2013 06:58
Asset managers such as Jupiter Fund Management are not a bad proxy for investing in equities markets, if you believe the more optimistic projections for this year. Jupiter beat market forecasts for the amount of assets under management in the final quarter of last year as retail investors in Britain
Read moreLondon close: Markets finish lower, but TUI Travel surges late on
16th Jan 2013 17:10
- World Bank, Germany cut growth estimates - Hostage crisis in North Africa - TUI Travel surges after approach from TUI AG The FTSE 100 ended moderately lower on Wednesday as markets trimmed losses by the close, though the mood was still cautious after both the World Bank and German government down
Read moreFTSE 100 movers: TUI leaps on confirmation of merger approach
16th Jan 2013 15:57
TUI Travel raced ahead of Wednesday afternoon after the firm confirmed that it has been approached by its German parent company, TUI AG, about a merger. "The Independent Directors of TUI Travel have recently received an approach from TUI AG which may or may not result in a combination of the two c
Read moreLondon midday: Banks and miners fall as risk is scaled back
16th Jan 2013 11:38
Banking and mining stocks were firmly out of favour on Wednesday morning as risk appetite was scaled back due to concerns over the outlook for global economic growth. The World Bank has cut its global growth forecast for 2013 due to the difficult recovery that economies worldwide are currently unde
Read moreLondon open: Stocks track Asian markets lower
16th Jan 2013 08:35
UK stocks were lower on Wednesday morning as market sentiment was weighed down by heavy losses in Asia, concerns over the euro and a growth forecast cut by the World Bank. "European equities are trading slightly lower this morning unable to recoup yesterday's losses with pressure arising out of Asi
Read moreLondon pre-open: Small decline expected on FTSE as Asian stocks fall
16th Jan 2013 07:33
City sources predict the FTSE 100 will open down 12 points from yesterday's close of 6,117, tracking declines seen in Asia overnight. Both the Dow Jones Industrials and S&P 500 indices were up at the close of US trading on Tuesday after a late-day rally in a number of US stocks following encouragi
Read moreExperian posts seven per cent rise in Q4 organic growth revenue
16th Jan 2013 07:17
Information services company Experian has posted a rise in revenue for the three months to December 31st, during which time total revenue from continuing activities increased by seven per cent at constant exchange rates. At actual exchange rates, total revenue from continuing activities increased
Read moreWednesday preview: Wetherspoon and Experian release interim results
15th Jan 2013 15:30
Wetherspoon unveils its interim management statement Wednesday after the UK pub operator announced plans to open new bars. Last month the company said it was adding 30 new pubs and creating 1,200 jobs this year, according to reports. As part of the expansion, it is investing more than £35m in ar
Read moreLondon close: Markets start 2013 in bullish mood
3rd Jan 2013 17:03
- Footsie jumps 150 points in two days - Markets react to mixed economic data - UK 10-year bond yields above two per cent London's blue-chip index was able to build on Wednesday's massive surge today in the aftermath of the fiscal cliff deal Stateside on New Year's Day. Market analyst Michael Hews
Read moreFTSE 100 movers: Serco makes strong gains after upgrade
3rd Jan 2013 15:22
Serco Group became a higher riser after the outsourcing company was upgraded by Espirito Santo. Compass Group, the contract caterer, was downgraded by the same broker, prompting shares to fall. Building materials group CRH fell after announcing that full-year development activity in 2012 totalle
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