London pre-open: A lot riding on the Italian job
10th Nov 2011 07:43
The top-share index looks set to open with a triple-digit decline as investors continue to fret about the Italian debt situation. Yields on Italian bonds have surged way past the 7% mark, generally regarded as the highest level at which governments can sustainably issue new debt. The Italian Sen
Read moreLatin America drives Experian's growth
10th Nov 2011 07:39
Experian, the credit reference and anti-fraud company, has 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) basis, revenue was up 11% year-on-
Read moreThursday preview: Experian, Land Securities, Euromoney, BoE
9th Nov 2011 10:13
Credit-checking specialist Experian releases six-months results on Thursday and we can expect more of what we saw in the first quarter, according to broker Charles Stanley. The broker forecasts interim pre-tax profits of $500m, up from $450m the year before. "For Experian, the largest area of rev
Read moreExperian to acqurie LM Group
26th Jul 2011 16:29
Global information services company Experian said it has acquired LM Group, a leading provider of commercial credit information to small and medium enterprises (SME) in the UK. No financial details were disclosed. Experian has funded the move using their existing cash resources and the company ant
Read moreExperian's Tyler picks up £733,000
21st Jul 2011 14:14
Sainsbury's chairman David Tyler has taken advantage of strength in the share price of credit checking firm Experian, where he is a non-executive director, to sell a big stake. He sold 90,000 at 814.8p a time, pocketing a total of £733,000. Experian last week said it saw organic revenue growth of
Read moreLondon close: Flat finish after busy day
15th Jul 2011 16:57
The top share index finished flat but it was an unusually busy day on the corporate news front with big movements in both directions. BHP Billiton fell after the company, best known as a miner, said it is increasing its oil and gas activities with the $12.1bn (£7.5bn) purchase of Texas and Louisian
Read moreBroker tips: Blacks Leisure, Alumasc, Experian
15th Jul 2011 14:49
The future is black for Black's Leisure, judging by finnCap's latest diagnosis of the outdoor clothing and equipment retailer's health. It has slashed its target price on Black's to 1p from 10p, following the company's announcement this morning that it is extending its bank facility to £40m as it b
Read moreBroker snap: BarCap likes Experian's cash bonds
15th Jul 2011 14:03
The market regarded the trading update from credit checking firm Experian as lacklustre, but Barclays Capital (BarCap) welcomed "Experian's steady business performance." BarCap expects the group to "sustain a broadly solid credit profile" for the remainder of the current financial year, and highlig
Read moreLondon midday: Stocks move both ways after updates
15th Jul 2011 12:04
Stocks are moving in both directions on a surprisingly busy company news day for a Friday. The FTSE 100 is flat. BHP Billiton falls after the company, best known as a miner, said it is increasing its oil and gas activities with the $12.1bn (£7.5bn) purchase of Texas and Louisiana-focused firm Petro
Read moreLondon open: More losses as Europe worries continue
15th Jul 2011 08:46
Stocks have fallen back in early dealings with nerves on edge over Europe again, this time as traders await banking stress test results. In stocks news, BHP Billiton is the heaviest faller in the FTSE 100. The company, best known as a miner, is increasing its oil and gas activities with the $12.1bn
Read moreLondon pre-open: Bears still holding sway
15th Jul 2011 07:35
Stocks look set to pick up where they left off yesterday, with City traders anticipating the Footsie will open some 25 points lower. Credit checking firm Experian saw organic revenue growth of 6% in the second quarter of 2011, and continues to anticipate organic revenue growth in the mid-high singl
Read moreOrganic revenue growth of 6% for Experian
15th Jul 2011 07:04
Credit checking firm Experian saw organic revenue growth of 6% in the second quarter of 2011, and continues to anticipate organic revenue growth in the mid-high single digit range over the full-year. "We have delivered good revenue growth in our first quarter, reflecting continued progress in our g
Read moreFriday preview: Tougher comparatives for Euromoney and Experian
14th Jul 2011 16:46
Shares in Euromoney Institutional Investor fell 5% on Thursday ahead of the financial publisher and exhibitions organiser's interim management statement on Friday, which may make shareholders nervous. Investec does not seem to be too apprehensive, however, as it is not anticipating "any material ch
Read moreLondon close: Glencore drags Footsie 1% lower
15th Jun 2011 16:39
The blue chip index slipped further into the red on the back of a poor start on Wall Street as economic data disappointed. US May consumer price index came in ahead of forecasts, rising 0.2%. While the Federal Reserve Bank of New York manufacturing sector index fell to a reading of -7.79, from 11.9
Read moreBroker snap: Don't fear regulation at Experian, says Shore Capital
15th Jun 2011 16:25
Despite the share price of credit checking firm Experian falling on the back of regulatory concerns in the US; Shore Capital has assured investors that this is "not something to be feared". Reports have suggested that banking regulation in the US is set to be extended to credit bureaus operating in
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