London 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
Read moreWednesday broker round-up - UPDATE
16th May 2012 08:26
Babcock: UBS raises target from 880p to 950p, buy recommendation unchanged. Barclays: UBS upgrades from neuter lot buy, target cut from 272p to 215p. Cineworld: Merchant Securities maintains buy rating and 244p target. Compass Group: Numis upgrades from add to buy, target left at 750p. Experian:
Read moreTuesday broker round-up
15th May 2012 09:10
Babcock: Investec reiterates buy, puts target under review; Jefferies raises target from 780p to 910p, buy rating kept. BT Group: Espirito Santo upgrades from sell to neutral, lifts target from 180p to 210p. Chariot Oil & Gas: UBS slashes target from 340p to 215p, buy rating unchanged. Drax: Inv
Read moreFriday broker round-up
11th May 2012 09:08
Aquarius Platinum: UBS cuts target from 155p to 110p, neutral rating kept. ARM Holdings: finnCap upgrades from hold to buy, target left at 575p [ARM is a corporate client of finnCap]. BT Group: Nomura reiterates buy recommendation and 295p target. Catlin: Nomura keeps buy rating and 506p target.
Read moreLondon close: US jobless data sparks late rally
10th May 2012 16:59
- US jobless claims boost buying late on - BoE keeps interest rates, QE unchanged - Miners shrug off China data as Greek concerns ease London's blue chips rallied in afternoon trade on Thursday after some better-than-expected US economic data and easing concerns about Greece helped to snap a three-
Read moreFTSE 100 movers: Reckitt Benckiser down as major shareholder dumps shares
10th May 2012 15:40
Anglo-Dutch consumer goods firm Reckitt Benckiser was firmly lower after its biggest shareholder (JAB) sold around a third of its holding (4.9 per cent of the issued share capital of Reckitt). The share went at 3,350p a pop, raising a total of £1.2bn for JAB. Experian, the credit check and finan
Read moreLondon midday: Euro concerns weigh on stock, BoE maintains rates
10th May 2012 11:27
- BoE leaves interest rates, QE unchanged - Greece fails to form a coalition...again - Reckitt drops after shareholder sale Stocks were firmly lower by Thursday lunchtime as markets awaited a policy rate decision from the Bank of England. Concerns over the political uncertainty in Greece eased slig
Read moreThursday broker round-up
10th May 2012 09:28
Abcam: Canaccord Genuity reiterates hold recommendation and 370p target. Aveva: UBS upgrades from sell to neutral, 1,600p target unchanged. BAE Systems: AlphaValue upgrades from add to buy, target raised from 342.7p to 343.4p. BT: Jefferies keeps buy recommendation and 268p target; Nomura reitera
Read moreLondon open: Stocks rise as euro concerns ease
10th May 2012 08:39
- Greek, Spanish worries ease - Markets await MPC decision, small chance of more QE - ENRC up after Q3 update, Legal & General wanted after CEO shake-up The FTSE 100 rose in early trading on Thursday following a two-day steep drop as concerns over the political situation in Greece eased somewhat.
Read moreExperian's profits below expectations
10th May 2012 07:19
Experian, the credit check and financial data company, has reported underlying earnings below expectations for the full year to the end of March, while announcing the sale of its PriceGrabber price comparison service. Earnings before interest and tax came in at $1.175bn against a consensus forecast
Read moreThursday preview: Small chance of more QE
9th May 2012 16:49
The Bank of England's Monetary Policy Committee (MPC) is widely expected to leave its interest rates and asset purchase policies unchanged on Thursday. While it is generally accepted that, despite the difficulty the UK is having stuffing the inflation genie back into the bottle, the MPC will not wa
Read moreExperian sets up JV with Italian credit info provider
16th Apr 2012 13:16
Experian, the credit checking firm, has signed an agreement to form a joint venture (JV) with Cerved Group to provide enhanced consumer credit information services to the Italian market. Cerved Group is a major provider of credit information in Italy and will hold a minority stake in the JV. The
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