Experian announces death of CFO
9th Jan 2012 07:08
Experian's Chief Financial Officer (CFO) Paul Brooks has passed away, the credit-checking and information services firm revealed on Monday. According to Experian's statement, Brooks, who joined the group as Finance Director of its former International division back in 1999, died suddenly over the w
Read moreBroker tips: IG Group, Mothercare, Business service stocks
29th Nov 2011 12:58
Prime Markets recommends buying shares in IG Group, saying that the European sovereign debt crisis creates "ideal conditions" for the spread-betting firm. The group said this morning that it has continued to see high levels of client activity during its second quarter and first half revenues will b
Read moreBroker snap: Credit Suisse assesses impact of euro recession on business services
29th Nov 2011 10:22
Credit Suisse has reassessed its ratings and forecasts across the business services sector to reflect a more challenging environment in which it envisages Europe falling back into a recession in the fourth quarter. The broker said: "Our base case FY12-13 EPS estimates fall by an average of 4-5% to
Read moreExperian dials up 192business
28th Nov 2011 09:29
Information services provider Experian is to buy UK identity verification specialist 192business. 192business's services include personal data verification, fraud screening, online document verification and voice verification. It services a wide range of global clients, covering segments such as e-
Read moreThursday broker round-up - UPDATE
17th Nov 2011 09:45
Intertek: Credit Suisse reiterates outperform rating and 2,250p target - "Focus List stock". Imperial Tobacco: Nomura downgrades from buy to reduce, target cut from 2,400p to 2,150p. British American Tobacco: Nomura raises target from 3,020p to 3,320p, buy rating maintained. Experian: Credit Suis
Read moreMorning broker round-up -UPDATE
11th Nov 2011 08:52
Experian: Nomura raises target price to 910p from 867p before. Schroders: Deutsche Bank upgrades to hold from sell. Schroders: Credit Suisse cuts target to 1,390p from 1,450p. Fenner: Credit Suisse raised target to 415p from 395p. Dart Group: Peel Hunt initiates coverage at buy. Next Fifteen
Read moreLondon open: Footsie up as Eurozone fears ease
11th Nov 2011 08:21
London's blue chips were on the rise in the opening minutes following on from moderate gains seen on Wall Street last night and in Asian markets this morning. News of a new national unity government in Italy and the revealing of a new Greek prime minister has calmed fears slightly elsewhere in the E
Read moreLondon close: Late fall pushes Footsie into the red
10th Nov 2011 16:38
The Footsie swung between gains and losses on Thursday, but finished slightly in the red after US stocks retreated in mid-morning trade on Wall Street. US DATA OFFSET BY FRENCH CONCERNS Driving gains in the afternoon was economic news stateside. The US Labor Department said that initial unemployme
Read moreFTSE 100 Movers: Experian rises as Vedanta falls
10th Nov 2011 14:08
Leading the way north was Experian, the credit reference and anti-fraud company, after it hiked its interim dividend by 14% after a strong financial performance in the first half of its financial year. Revenues of $2.3bn were up 15% on 2010's figure of $2.0bn. On a constant exchange rates (CER) ba
Read moreBroker tips: Admiral, Experian, HomeServe
10th Nov 2011 12:53
UBS has downgraded insurance titan Admiral from buy to neutral and slashed the target price by a whopping 45%, from 1,610p to 890p, following the group's statement yesterday which resulted in over a quarter of its market value being lost. "Although we believe that Admiral remains among the best man
Read moreLondon midday: Italian yields fall, Experian leads recovery
10th Nov 2011 12:16
London's blue chip index has erased earlier losses to trade flat around lunchtime as Italian 10-year bond yields fell back below the critical 7% after the country's debt auction. Meanwhile, the Bank of England revealed at midday that it had kept interest rates at the record low level of 0.5%. ITALY
Read moreBroker snap: Prime Markets expects new 52-week high for Experian
10th Nov 2011 11:54
Prime Markets sees significant upside to Experian's current share price, saying that the group is "very much at the forefront of the global credit service boom". The credit reference and anti-fraud company reported its first half results on Thursday, with pre-tax profits up 21% and revenues 15% hig
Read moreDigital Look broker talk - UPDATE
10th Nov 2011 11:44
Experian: "Experian offers investors strong economics, including high barriers to entry, solid growth, gentle margin expansion and strong cash conversion. With our generally constructive view on its Brazilian growth angle we remain buyers" [Citi]. Experian: "The half year numbers are a win win on e
Read moreMorning broker round-up - UPDATE
10th Nov 2011 09:48
Experian: Citi reiterates buy with a target of 940p. Experian: Nomura reiterates buy and 867p target. Experian: Prime Markets confirms buy recommendation and 841p target. Anglo American: Citi keeps buy rating and 3,500p target. Admiral: Credit Suisse downgrades from neutral to underperform, targ
Read moreLondon open: Some bright spots among the gloom
10th Nov 2011 09:04
It has not been the blood-bath that some might have been expecting, as investors get increasingly nervous about the situation in Italy, but the vast majority of stocks in London are still in negative territory in early trading. Amid the gloom, Anglo American, Experian and Morrisons provide some che
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