3rd Jul 2015 11:30
Goldman Sachs raised its price targets on BP to 376p from 364p and $34.5 from $33.1, respectively, following the company's settlement over the 2010 Gulf of Mexico oil spill, but retained its 'sell' rating on the stock saying the fundamentals remain challenged. However, it noted that while this will
Read more3rd Jul 2015 09:29
Shares in FirstGroup fell 3% after UBS downgraded the stock to 'sell' from 'neutral', pointing to the recent strong rally in the share price to a level above its fair value. With the most recent results, FirstGroup has shown that its margins are improving and heading towards the targets set in 2014,
Read more11th Jun 2015 13:27
Mid caps were performing well on Thursday afternoon, led by strength in the construction, insurance and technology sectors. As of 1445 BST, the FTSE 250 was trading 0.47% higher at 18,114. Oil and gas industry services provider Petrofac surged after landing a four-and-a-half year contract with Petr
Read more10th Jun 2015 13:26
Mid-caps inched higher on Wednesday, led by gains across mining, oil and transport stocks. As of 15:30 BST, the FTSE 250 was trading 0.7% higher at 17,966. Transport operator FirstGroup saw annual profits rise in 2014, as its improvement plan delivered higher margins in its US and UK bus divisions.
Read more10th Jun 2015 12:37
Panmure Gordon cut FirstGroup to 'hold' from 'buy', noting that the shares have performed strongly in recent months and hit the brokerage's 120p price target. It said the company's full-year numbers on Wednesday were in line with expectations and showed a good improvement. "After three years of marg
Read more10th Jun 2015 11:45
UK stocks reversed earlier losses and edged forward on Wednesday, as traders waited on the Chancellor's Mansion House speech. Industrial output in the UK sped past forecasts in April, thanks to a strong contribution from mining. Production grew by 0.4% month-on-month, as an 8.7% surge in oil and ga
Read more10th Jun 2015 08:05
Transport operator First Group saw annual profits rise in 2014, as its improvement plan delivered higher margins in its US and UK bus divisions. For the year to 31 March, the FTSE 250 group reported profit before tax of £163.9m, a 46.5% increase year-on-year and in line with analysts' expectations,
Read more10th Jun 2015 07:49
The FTSE 100 is expected to start the session between 5 to 12 points lower from Tuesday's close of 6,753.80 points. That follows a flat close on Wall Street overnight. The Dow Jones Industrials finished in negative territory for the year as the Dow Jones Transports closed at year-to-date lows, weigh
Read more29th May 2015 09:15
Shares in transport operator FirstGroup rose on Friday after the company said that it is spending £77.7m on 385 new vehicles. "First Bus' order underlines its commitment to provide high quality bus services for its customers and stakeholder partners and reflects increasing passenger and revenue grow
Read more8th May 2015 13:27
Wireless antenna maker Laird topped the risers on higher first quarter revenues and a strong outlook for the rest of the year. "We have some visibility on new products to be launched by customers in the second half of the year, which underpins our current full year outlook," said chief executive Dav
Read more17th Apr 2015 10:27
Utilities and rail companies are among the corporate sectors most at risk from regulatory or government policy shifts following the upcoming UK general election on 7 May, according to Fitch Ratings. With the Conservative Party having frozen rail fares, and Labour pledging to freeze energy prices if
Read more8th Apr 2015 12:03
Go-Ahead Group and Stagecoach shares were both rated 'buy' at investment banks HSBC and Nomura who on Wednesday coincidentally offered their updated views on the UK bus and rail transport sector. In separate notes, Nomura upgraded its rating on Go-Ahead to 'buy' from 'neutral 'while HSBC established
Read more1st Apr 2015 16:37
UK stocks trimmed earlier gains by the close after a weak start on Wall Street, but still managed to finish in the green as markets bounced slightly following a sell-off the previous session. London's FTSE 100 finished the session up 36.46 points, or 0.54%, at 6,809.50. The index had dropped 1.7% to
Read more1st Apr 2015 13:19
Russia-focused steelmaker Evraz surged after pledging to buy-back shares despite reporting a net loss of $1.28bn last year. FirstGroup rose strongly after saying trading for the year to the end of March had remained in line with expectations, with progress continuing on its medium-term transformatio
Read more1st Apr 2015 11:19
UK stocks jumped nearly 1% on Wednesday morning, partly reversing steep losses experienced the previous session, as stimulus hopes in China and an improvement in global manufacturing repaired sentiment. London's FTSE 100 was up 0.98% at 6,839.14 by midday, after dropping 1.7% to 6,773.04 on Tuesday,
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