Broker snap: Things to get worse at FirstGroup, says Charles Stanley
23rd May 2012 09:37
Charles Stanley has left its hold recommendation and 250p target price in place for transport firm FirstGroup after its full-year results this morning. The broker says that the 4% revenue growth and 1% fall in adjusted pre-tax profits were in line with expectations. FirstGroup also said it is to sh
Read moreWednesday broker round-up
23rd May 2012 09:29
Barclays: Investec maintains buy recommendation and 240p target. BTG: Jefferies keeps buy rating and 410p target. Burberry: Nomura remains a buyer with a 1,530p target; Merchant Securities keeps hold rating; Investec reiterates buy rating and 1,690p target. Cobham: UBS ups target from 255p to 260
Read moreLondon open: Stocks drop ahead of EU summit
23rd May 2012 08:33
- Risk aversion ahead of EU summit - Papademos warns of 'catastrophic' effects - Burberry sinks after full-year results The Footsie sank in early trading on Wednesday as investors showed caution ahead of an eagerly-awaited EU summit later on this evening. Weighing on sentiment early on were commen
Read moreFirstGroup to speed up UK bus shake-up
23rd May 2012 07:16
Buses and trains operator FirstGroup is to shake up its UK bus operations to focus on those areas that offer the greatest potential for growth. The group announced full year results for the year to the end of March that were slightly ahead of expectations, but counter-balanced the good news with a
Read moreWednesday preview: BoE minutes, FirstGroup, Telecom Plus
22nd May 2012 15:45
The minutes from the May meeting of the Bank of England's Monetary Policy Committee are scheduled for release on Wednesday at 09:30, and will get the usual rigorous going-over from the rune readers. The Bank of England toned down its economic growth projections for the UK economy in its May inflat
Read moreLondon close: Footsie battered again
18th May 2012 16:53
Footsie finished not far off its low for the day after a lunch-time rally fizzled out. With speculation rife in Spain that a ban on short-selling stocks might be reintroduced, holders of stock in UK banks Lloyds, Royal Bank of Scotland and Barclays could be forgiven that might not be such a bad id
Read moreFTSE 250 movers: LSE rises after beating forecasts
18th May 2012 14:58
Revenue and profits at bourse operator London Stock Exchange came in ahead of expectations, with the group boasting of strong performances across all four of its business divisions, boosting the stock into the top spot. Bus and train group FirstGroup was wanted ahead of results next Wednesday. Bro
Read moreLondon midday: Losses trimmed on Wall St hopes
18th May 2012 12:10
After hitting a low of 5,257 at around 10:30 Footsie clawed its way back up towards 5,300 for the rest of the morning session, encouraged by indications of a firm start on Wall Street, where all eyes will be on the Facebook flotation. Miners remain under a cloud after Goldman Sachs lowered its fore
Read moreShanks FD gets ticket to FirstGroup
14th May 2012 07:23
The Finance Director of FTSE 250 waste management group Shanks is to leave the board in the summer to join transport firm FirstGroup, the companies announced on Monday. Chris Surch, who joined Shanks in May 2009, has held senior financial roles previously at Smiths Group and TI Group. "Together wit
Read moreMPs hope to derail government plans
8th May 2012 12:14
UK law-makers have tabled a motion criticising the government's plans for the railway industry, blasting them a 'national disgrace' that will lead to a poorer service and higher costs. Over a hundred members of parliament (MPs) have signed up to the early day motion (EDM), which opposes suggestion
Read moreTuesday broker round-up
24th Apr 2012 09:27
ARM Holdings: Nomura maintains neutral rating and 600p target. Associated British Foods: Nomura keeps buy stance and 1,325p target; Jefferies mains hold recommendation and 1,155p target. Barclays: Investec maintains buy rating and 240p target. BBA Aviation: Jefferies keeps buy rating and 250p tar
Read moreThursday broker round-up
12th Apr 2012 09:30
African Minerals: Jefferies keeps buy rating and 1,100p target. Aggreko: Investec maintains buy rating. Cairn Energy: Nomura cuts target from 500p to 434p, buy rating kept. Faroe Petroleum: Nomura cuts target from 213p to 209p, buy rating kept. FirstGroup: Jefferies downgrades from buy to hold,
Read moreLondon close: Footsie sinks to 2012 low
10th Apr 2012 16:56
- Miners suffer sell-off on macro-economic concerns - US jobs data dampens sentiment - Randgold bounces back after Malian settlement London's FTSE 100 index slumped to its lowest levels in 2012 on Tuesday as investors had a four-day weekend to digest a gloomy US jobs report out on Friday. Just a ha
Read moreLondon midday: Miners provide a drag on Footsie
10th Apr 2012 11:53
- Friday's US jobs data dampens sentiment - Rising exports push China into trade surplus - Randgold bounces back after Malian settlement The Footsie had fallen by nearly one whole percentage point by Tuesday lunchtime as investors digested a gloomy jobs report from the US which came out on Friday.
Read moreFTSE 250 movers: Essar rises as subsidiary makes progress
30th Mar 2012 15:43
Essar Energy was a big riser after it said that its subsidiary Essar Oil has made significant progress with its lenders towards exiting the current loan agreement, which relates to the corporate debt restructuring scheme and its Vadinar oil refinery in Gujarat. Miners were also on the rise as they
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