FTSE 100 movers: Glenore dismisses rumours, shares drop
15th Jun 2011 14:08
Glencore is the worst performing stock on the blue chip index as of Wednesday afternoon. In a brief statement in response to press speculation, the commodities trader stated that it is not actively considering an offer for Kazakh mining company Eurasian Natural Resources Corporation (ENRC). The offi
Read moreThursday tips round-up: Compass, Oilex, Experian...
19th May 2011 06:40
There is little to complain about in Compass's first-half figures, which indicate that the world's biggest caterer is moving forward on all fronts. But it is fast approaching a point where it has to take some strategic decisions over the balance sheet. Britain and continental Europe are looking deci
Read moreExperian expects another year of good growth
18th May 2011 07:51
Credit checking outfit Experian met or exceeded all of its financial objectives in the fiscal year just finished, but warned that year on year comparatives will get harder to beat in the first half of the current year. Revenue from continuing activities in the year to 31 March was up 7.7%, or 10% a
Read moreLondon pre-open: London set to bounce back
18th May 2011 07:39
London looks set to claw back some of yesterday's losses, with City traders tipping the top share index will open around 50 points higher and move back above the 5,900 level. Credit checking firm Experian said it met or exceeded all financial objectives last year, as it unveiled a 14% increase in u
Read moreBroker tips: Thomas Cook, Experian, JD Sports
16th May 2011 11:35
Nomura has downgraded its forecasts for tour operator Thomas Cook as continued tension in the Middle East and North Africa (MENA) region and tough trading in the UK will likely affect earnings for the full year. While the group reported a first half operating loss of £166m broadly in line with Nom
Read moreBroker snap: Computec prompts upgrades at Experian
16th May 2011 10:25
Credit Suisse revises up its forecasts at credit checking firm Experian ahead of the group's full-year result due on Wednesday to reflect the impact of the recent Computec acquisition and foreign exchange moves. The broker estimates revenues of $4,218m for the year ended 31 March, pre-tax profit of
Read moreExperian sets up Aussie credit bureau
5th May 2011 09:43
Credit checking firm Experian is setting up a credit bureau in Australia in collaboration with six of that country's financial institutions. The new bureau will enable lenders to assess risk and provide credit more efficiently and consistently, particularly in light of forthcoming plans to permit p
Read moreExperian beefs up Latin American presence
3rd May 2011 14:52
Credit checking outfit Experian is to take a majority stake in Latin American credit services information provider Computec. Experian is offering COP$10,419 per share for Computec, which is listed on the Colombian stock exchange. The terms value the whole of Computec at around US$400m. Computec o
Read moreThursday tips round-up: Imagination Technologies, Mecom, Marston's
17th Mar 2011 06:29
Imagination Technologies is a British-based company that designs chips for smartphones such Apple's wildly popular iPhone and tablets like the California-based tech-giant's iPad. Smartphones and tablets is clearly the place to be. Yet, the Independent has picked Arm as our preferred stock out of the
Read moreBroker tips: UK banks, Experian
3rd Feb 2011 14:08
According to Credit Suisse, there is "little to excite" investors in UK banking: Barclays remains the broker's top pick in the sector, while target prices are reduced for Lloyds, RBS, HSBC and Standard Chartered. In regards to the sector as a whole, "our advice is unchanged", says analyst John Pier
Read moreBroker snap: Experian given a boost by emerging markets
3rd Feb 2011 13:29
RBS expects credit-checker Experian to benefit from the global macroeconomic recovery and anticipates organic revenue growth accelerating over the next two years. "Experian derives 20% of group revenues from emerging markets such as Brazil, India and Russia. We believe the recent decision by the B
Read moreTyler sells Experian shares
1st Feb 2011 16:52
Experian non-executive David Tyler has raised £386,000 from selling shares in the credit checking company. Tyler was finance director of GUS before it was split into Home Retail Group and Experian, where he became a non-executive director in July 2006 - three months before it floated at 560p a sha
Read moreLondon close: Shares buoyant as updates impress
18th Jan 2011 16:42
The top share index closed near its highs, helped in part by well-received company updates. Burberry was in fashion after bumper demand for outdoor coats and other luxury accessories meant a storming third quarter for the luxury goods group, with revenue up by 30% and profits now set to hit the top
Read moreLondon afternoon: Gains get trimmed
18th Jan 2011 14:35
Share prices came off the boil over the lunch time session though Footsie remains firmly in the red, as things continue to look rosier in the eurozone. Burberry is in fashion after bumper demand for outdoor coats and other luxury accessories meant a storming third quarter for the luxury goods group
Read moreFTSE 100 Movers: Burberry grows internationally
18th Jan 2011 13:15
Burberry is leading the market higher after strong third quarter figures. Revenue grew by 30% in the third quarter and full year profit is expected to be at the top end of market expectations. The growth is coming from around the world. Oil services provider Petrofac has won a $1.2bn oil field d
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