FTSE 250 movers: Ocado soars on impressive festive sales
12th Jan 2012 15:03
There were plenty of company announcements on the FTSE 250 on Thursday, providing some big swings in the market. The biggest mover was Ocado after the online grocer reported a festive surge with gross sales in the seven trading days before Christmas jump 23.8% from the same period in 2010. Shares
Read moreFirst Group reduces cash generation targets
12th Jan 2012 08:18
Shares in transport firm First Group fell on news the company now expects net cash generation to be in the range of £100m to £115m for 2011/12 due to fewer disposals as a result of the economic and regulatory climate. The firm, which had been targeting an inflow of £150m for the period, said the e
Read moreLondon midday: Financials take a hit as Italian bond yields jump
9th Nov 2011 12:14
Despite a modest start, the Footsie took a tumble during morning trade and stood at its lowest levels of the day by lunchtime, as the focus turned to Italy's soaring borrowing costs. Financials were leading the decline on the blue chip index. ITALIAN BOND YIELDS KEEP ON RISING Yields on benchmark
Read moreWednesday broker round-up - UPDATE
9th Nov 2011 09:58
Admiral: Nomura puts buy rating and 1,900p target under review Admiral: Investec keeps sell rating and 843p target. HSBC: Evolutions Securities keeps sell rating and 650p target. British American Tobacco: Alpha Value downgrades to reduce from add. Regus: Credit Suisse upgrades from neutral to o
Read moreLondon open: One in the eye for Admiral
9th Nov 2011 08:56
In keeping with most markets across the globe, London is on the up in the wake of the decision by Italian Prime Minister Silvio Berlusconi to proffer his resignation. Look below the surface, however, and you will see that the top-share index's modest rise is largely due to the strength of mining st
Read moreLondon pre-open: London to enjoy Berlusconi bounce
9th Nov 2011 07:44
London is set to enjoy a Berlusconi bounce, with City sources predicting the FTSE 100 will open up 50 points from yesterday's close of 5,567. "If Berlusconi resigns in the next few days, as seems likely, then there will likely be a short relief rally in stock markets and the 'Berlusconi political
Read moreFirstGroup bolstered by strong UK rail growth
9th Nov 2011 07:15
Rail and bus company FirstGroup said overall trading for the first half of the current financial year was in line with company expectations. The group, which transports more than 2.5bn passengers every year, said revenue was up 3.2% to £3.168bn for the six months to 30 September while adjusted oper
Read moreUPDATE: Friday broker round-up
4th Nov 2011 08:58
Royal Bank of Scotland: Nomura keep neutral rating and target of 34p. Royal Bank of Scotland: Evolution Securities keeps buy recommendation and 40p target. Man Group: UBS reduces target from 250p to 210p, buy rating maintained. RSA: Nomura reiterates buy rating and 148p target. Smith & Nephew:
Read moreUPDATE: Thursday broker round-up
13th Oct 2011 09:42
Logica: RBS raises target from 110p to 115p and keeps buy rating. F&C Asset Management: RBS cuts target from 72p to 65p, hold rating maintained. Henderson: RBS scales back target from 183p to 170p, but keeps buy recommendation. Anglo American: Credit Suisse maintains neutral rating and 3,500p tar
Read moreLondon midday: No rally for FTSE 100 despite Bundestag vote
29th Sep 2011 12:16
London has failed to join European bourses higher following the passing through the German Bundestag of plans to expand the European Financial Stability Fund (EFSF). There were just 85 votes against the idea of expanding the Eurozone's bailout fund, while 523 members of Germany's parliament voted
Read moreLondon open: Stocks fall back as euro saga drags on
29th Sep 2011 08:24
Stocks have fallen back in early dealings amid continuing edginess over the Eurozone crisis. All eyes are on the German Bundestag as lawmakers vote on an expansion of the Eurozone bailout fund. Sweeteners group Tate & Lyle is in demand after saying it expects to perform in line with expectations
Read moreFirstGroup all aboard for first half
29th Sep 2011 07:07
Rail and bus company FirstGroup said overall trading during the first half of the current financial year has been in line with management's expectations. In its UK Bus division like-for-like passenger revenue for the six months to 30 September 2011 is expected to increase by 1.2% and its continues
Read moreFTSE 250 Movers: Bwin.party Digital Entertainment rises after ruling
14th Sep 2011 13:09
Bwin.party Digital Entertainment got a welcome boost after the German state of Schleswig-Holstein passed a new rule which enables companies to operate sports-betting websites in the area. The new law was narrowly passed 46 to 45 in a move which sees the region break away from the country's 15 othe
Read moreFirstGroup FD hops off the bus
14th Sep 2011 08:30
Jeff Carr, finance director at bus and train firm FirstGroup, is going Dutch, heading off to be chief financial officer at Netherlands-based retailer Royal Ahold. Carr will be on his bike on 11 November, at which point Nick Chevis, who has held a number of senior finance posts at FirstGroup, will t
Read moreBroker tips: Balfour Beatty, FirstGroup, Michael Page
17th Aug 2011 12:38
Prime Markets suggests to sell FTSE 250 infrastructure group Balfour Beatty, saying that UK public sector spending cuts and a dearth of US commercial finance is weighing on visibility. "Concerns over the global economy have since weighed heavily on the shares, which have now returned to 3-year lows
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