London 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
Read moreLondon open: Chinese data provides a lift early on
13th Jul 2012 08:20
- Chinese GDP beats forecasts - Moody's downgrades Italy - Mining stocks gain on improved demand outlook Burberry and the miners were performing well on Friday morning after growth data from China came in above expectations, easing concerns about a 'hard landing' for the world's second-largest econ
Read moreLondon pre-open: Chinese GDP boosts FTSE
13th Jul 2012 07:38
City sources predict the FTSE 100 will open up 28 points from yesterday's close of 5,608, gaining recently lost ground after China's latest GDP figure came in above expectations at 7.6 per cent (Q1: 8.1), pleasing investors despite the decline. Latin America continues to be the engine of growth at
Read moreExperian wary of prospects in Eurozone
13th Jul 2012 07:05
Latin America continues to be the engine of growth at financial data company Experian, but the company is edgy about its prospects in the Eurozone. Group revenue in the three months to the end of June was up 14% on a constant currency basis, with organic revenue growth of 9% at constant exchange ra
Read moreExperian buys US software firm
21st May 2012 09:15
Financial data firm Experian is to buy privately-owned software firm Conversen for an undisclosed sum. The FTSE 100 firm said it would fund the purchase using its own cash reserves. At the end of 2011 Conversen reported gross assets of US$1m. Its software helps marketers run campaigns in real tim
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