London open: Whitbread and the miners provide a drag early on
23rd Oct 2012 08:44
- Corporate earnings in the spotlight - Spain weighs on sentiment as Moody's downgrades five regions - Whitbread disappoints, ARM in demand The FTSE 100 index fell in early trading on Tuesday with growth-sensitive stocks out of favour as investors remain cautious about the Eurozone and ahead of som
Read moreExperian buys more of Brazilian firm -UPDATE
23rd Oct 2012 07:27
Information services firm Experian said it has bought almost all of Brazil's leading personal credit checker that it doesn't already own. The company already owned a 70% stake in Serasa and has now agreed to acquire a further 29.6% interest, taking its holding to 99.6%. It is paying a group of ban
Read moreThursday broker round-up - UPDATE
4th Oct 2012 07:57
BHP Billiton: Morgan Stanley cuts target from 2,180p to 2,100p, overweight rating kept. BTG: Deutsche Bank raises target from 384p to 394p, buy rating kept. Capita: Panmure Gordon keeps hold rating and 620p target. Carillion: Seymour Pierce keeps buy rating and 395p target; Panmure Gordon maintai
Read moreFTSE 100 movers: Anglo American falls on Amplats strike warning
26th Sep 2012 15:13
Mining giant Anglo American fell after Amplats (Anglo American Platinum) said the low turnout at its Rustenburg mines, where a temporary halt was put on operations amid a wave of labour unrest, has continued to be below 20 per cent since re-opening on September 18th. The firm, which reiterated tha
Read moreLondon midday: Eurozone strife rattles markets
26th Sep 2012 11:52
Stocks spent the morning session stuck in reverse gear, with civil unrest in Spain and Greece setting investors' nerves on edge. Yesterday saw anti-austerity protests in Madrid while today will see a 24-hour strike in Greece in protest at spending cuts. Mining stocks are getting hammered on concer
Read moreExperian fails to offload PriceGrabber
26th Sep 2012 08:29
Experian, the information company, has announced its sale of price comparison site PriceGrabber has fallen through in acrimonious circumstances. The $175m disposal was announced back in May, but Experian says the purchase deadline has now passed and that it believes the putative buyer, Indian outfi
Read moreSoon-to-be-Chairman at Thorntons shows his support
14th Sep 2012 15:38
Paul Wilkinson, a Senior Independent Director of chocolate maker Thorntons, has put his money where his mouth is after the firm said full-year profit before tax and exceptional items fell sharply in the face of continued tough trading conditions. Wilkinson, who was this week unveiled as the company
Read moreMonday broker round-up
13th Aug 2012 08:16
AMEC: HSBC cuts target from 1,280p to 1,275p, overweight rating kept. Aviva: Exane BNP Paribas downgrades to neutral. British American Tobacco: Nomura keeps buy rating and 3,390p target. British Land: JPMorgan Cazenove ups target from 560p to 610p, overweight rating kept. BSkyB: Nomura maintains
Read moreExperian director reduces stake by 40,000
7th Aug 2012 14:58
Experian non-Executive Director, David Tyler, who is also the Chairman of both Sainsbury and Logica, has ditched 40,000 shares in the FTSE 100 financial data company. Tyler's sale, which saw him pocket £388,236 by selling the shares at 970.59p each, comes less than a month after the company posted
Read moreMonday broker round-up
16th Jul 2012 08:23
Antofagasta: Nomura cuts target from 1,500p to 1,450p, buy rating kept. Betfair: Jefferies maintains buy rating and 900p target. BHP Billiton: Nomura cuts target from 2,400p to 2,100p, buy rating kept. Bumi: Nomura cuts target from 860p to 750p, neutral rating kept. ENRC: Nomura cuts target from
Read moreLondon close: Global stocks surge as China concerns ease
13th Jul 2012 16:38
- Stocks surge on Chinese data - JPMorgan reports profit despite big trading loss - Moody's downgrades Italian credit rating Better-than-expected growth data from China and well-taken quarterly results from JPMorgan Chase & Co sent global stock markets soaring on Friday, as investors shrugged off a
Read moreFTSE 100 movers: Miners heading higher
13th Jul 2012 13:18
Mining peers Polymetal, Kazakhmys, ENRC and Randgold were registering decent gains as metals prices firmed on the improved outlook for China. British luxury brand Burberry, a stock sensitive to the development in the Chinese economic outlook, a key growth market for the business, was also in demand.
Read moreLondon midday: Markets shrug off Italian downgrade after Chinese GDP
13th Jul 2012 11:21
- Chinese GDP beats forecasts - Moody's downgrades Italian rating - US stock futures edge higher on China European markets were trading broadly higher and US stock futures were pointing to a positive start by Friday lunchtime after Chinese economic growth data came in better than expectations. Chi
Read moreBroker tips: IHG, Experian, Kingfisher
13th Jul 2012 11:18
Shares of InterContinental Hotels (IHG) were taken down a peg on Thursday after US peer Marriott scaled back its international revenue per available room (RevPAR) guidance; nevertheless, Investec has stayed positive on the British hotels firm, keeps its 'buy' rating and 1,700p target price. "Scepti
Read moreBroker snap: Experian has superior growth, says Nomura
13th Jul 2012 10:46
Nomura has reiterated its 'buy' rating and 1,035p target price for Experian after first-quarter results from the financial data company came in slightly ahead of forecasts. Organic growth in the first three months of the fiscal year was 9%, ahead of the broker's 8% estimate, driven by 18% growth in
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