London open: Markets flat on budget deal, taper speculation
11th Dec 2013 08:28
- US negotiators reach budget deal - Taper speculation ramps up ahead of Fed meeting - Imagination disappoints with poor H2 outlook - RBS Finance Director Bostock steps down techMARK 2,678.82 +0.23% FTSE 100 6,524.52 +0.02% FTSE 250 15,401.84 -0.06% Markets opened broadly flat on Wednesday in the
Read moreFirstGroup rejects activist Sandell's US restructuring proposal
11th Dec 2013 07:31
FirstGroup has rebuffed 'flawed' restructuring proposals from US activist investor Sandell and said it planned to continue on its current strategy. The FTSE 250 bus and rail operator received a letter from hedge fund Sandell Asset Management, which owns around 3% of its shares, with demands that t
Read moreWednesday newspaper round-up: US budget, RBS, Fracking...
11th Dec 2013 07:25
Democratic and Republican negotiators on Tuesday night agreed a deal to set spending levels until 2015, breaking the latest fiscal logjam in Congress and stopping a cycle of crisis-driven economic policy making in Washington. The agreement is small in size - worth 85bn dollars - but may herald the r
Read moreMonday broker round-up UPDATE
9th Dec 2013 08:31
Alternative Networks: FinnCap takes target price from 390p to 430p and retains a buy recommendation. Investec ups target price from 390p to 440p maintaining a buy recommendation. Anite: Panmure Gordon shifts target price from 142p to 143p and keeps a buy recommendation. Canaccord Genuity upgrades f
Read moreFTSE 250 movers: Berkeley lifts housebuilders higher after strong results and guidance
6th Dec 2013 15:29
Housebuilder Berkeley Group surged on Friday after reporting a 19.2 per cent jump in first-half profits and saying that full-year earnings could come in at the top end of analysts' expectations due to an earlier-than-expected completion of one its housing schemes in London. The company said that th
Read moreAviva's McFarlane to succeed FirstGroup Chairman Gilbert
6th Dec 2013 07:52
John McFarlane, currently the Chairman of insurance group Aviva, is to succeed Martin Gilbert as Chairman of transport firm FirstGroup next month. McFarlane, who is also a non-executive director of retail property giant Westfield Holdings and financial group Old Oak Holdings, will join FirstGroup o
Read moreFTSE 250 movers: Moneysupermarket.com soars on earnings guidance
6th Nov 2013 15:04
Price-comparison group Moneysupermarket.com soared after lifting its earnings guidance following a "very strong" start to the fourth quarter boosted by energy-switching customers irked by utility price hikes. Transport firm FirstGroup was also higher after it said half-year losses narrowed as stron
Read moreFirstGroup narrows half-year losses
6th Nov 2013 08:25
- Slashes half-year losses - Strong First Student yellow school bus and UK rail division performances - Making progress in turnaround plan Transport firm FirstGroup said half-year losses narrowed as stronger profits at its UK rail division and US school bus business outweighed ongoing headwinds at
Read moreMonday broker round-up UPDATE
4th Nov 2013 08:07
Aggreko: Cantor Fitzgerald reduces target price from 2200p to 1700p downgrading to hold. Anglo American: Alphavalue upgrades from add to buy with a target price of 1801.3p. APR Energy: Cantor Fitzgerald raises target price from 670p to 1000p, but still recommends selling. Astra Zeneca: UBS reduce
Read moreThursday broker round-up UPDATE
10th Oct 2013 08:36
Ashmore Group: Canaccord Genuity takes target price from 380p to 400p and retains a hold recommendation. Numis shifts target price from 380p to 390p reiterating its hold recommendation. Ashtead Group: Numis upgrades to add with a target price of 670p. Berkeley Group: Panmure Gordon moves target pr
Read moreMonday broker round-up UPDATE
7th Oct 2013 07:58
Abcam: Investec raises target price from 504p to 552p and retains a buy recommendation. Britvic: Nomura raises target price from 630p to 680p maintaining its buy recommendation. Cranswick: Panmure Gordon reduces target price from 1200p to 1140p and maintains a hold recommendation. First Group: Je
Read moreFriday broker round-up UPDATE
4th Oct 2013 09:32
Aberdeen Asset Management: JP Morgan lowers target price from 523p to 509p maintaining an overweight rating. Admiral Group: Canaccord Genuity cuts target price from 1200p to 1160p retaining its sell recommendation. API Group: Numis downgrades to add with a target price of 85p. Arbuthnot Banking G
Read moreFTSE 250 movers: First Group rises on Great Western franchise extension
3rd Oct 2013 15:35
First Group announced on Thursday that its First Great Western franchise has been extended by 23 months, with the government promising users of the line an improved service. Mitchells & Butlers has risen despite analysts at AlphaValue today reiterating a 'sell' rating on the stock. Imagination T
Read moreFirst Group awarded extension to Great Western line
3rd Oct 2013 14:02
First Group announced Thursday that its First Great Western franchise has been extended by 23 months, with the government promising users of the line an improved service. The route, which operates between London Paddington, the Cotswold, South Wales and south-west England, will offer passengers mo
Read moreThursday broker round-up UPDATE
3rd Oct 2013 08:21
Alternative Networks: Westhouse Securities downgrades to neutral with a target price of 350p. ARM Holdings: Credit Suisse moves target price from 1030p to 1050p and reiterates an outperform rating. Burberry Group: JP Morgan raises target price from 1450p to 1550p reiterating a neutral rating. Car
Read more