London pre-open: Equities to slump following more Chinese currency action
12th Aug 2015 07:18
(ShareCast News) - City sources predict the FTSE 100 will open 52 points lower than Tuesday's close of 6,664.54. European equities are set to slump following further action from the People's Bank of China overnight, London Capital Group night dealer Jonathan Sudaria said. "Speculation is that the p
Read moreG4S lifts underlying earnings 10% as UK sales decline
12th Aug 2015 07:02
(ShareCast News) - Thanks to solid growth from emerging markets, outsourcing group G4S increased first-half revenue from continuing operations 2.8%, though UK sales were down. Currencies held back turnover to a more modest growth of 1% to £3.7bn, with North America, Latin America and the Middle East
Read moreTuesday newspaper round-up: Anthem bids for Cigna, HSBC and JPMorgan, G4S
16th Jun 2015 06:44
"Anthem has started a complex takeover war in the US health insurance industry by making a $45bn approach for Cigna as the sector prepares for a wave of consolidation spurred by the introduction of 'Obamacare'," the Financial Times says. The Times has said that HSBC and JPMorgan are in talks to relo
Read moreSunday newspaper round-up: Government supplier clampdown, UK banks' Fifa fears, Lloyds sale
31st May 2015 15:58
Companies that supply services to the government are going to feel the screw tightened on them as the Cabinet Office clamps down, the Sunday Times said. The office has begun to demand its biggest contractors, which include BAE Systems, Babcock, Serco and G4S, to report on revenue and profit margins
Read moreG4S' 'BBB-' rating affirmed by S&P, outlook stable
29th Apr 2015 18:02
UK based global security provider G4S had its 'BBB-' rating reiterated on Wednesday, as analysts at Standard & Poor's (S&P) ratings agency deemed the company's outlook stable and in line with forecasts. "We expect G4S will continue to improve its operating performance backed by strong performance in
Read moreFriday broker round-up
27th Mar 2015 16:29
Aviva: Jefferies reiterates buy and ups target to 630p from 608p. RBS: UBS keeps at neutral and trims target to 375p from 386p. ITV: Exane reiterates add and lifts target to 288p from 267p. Wolseley: Exane reiterates underperform and lowers target to 2,660p from 2,730p. Hunting: JP Morgan Cazenov
Read moreWednesday broker round-up
11th Mar 2015 11:50
Ashtead: Credit Suisse lifts target to 1,300p from 1,220p and reiterates outperform. Cairn Energy: Jefferies lowers target to 172p from 220p and downgrades to hold. RBC downgrades to neutral. Inchcape: Exane BNP reiterates outperform, raises target to 920p from 850p. BG Group: Credit Suisse lowers
Read moreLondon close: FTSE plunges 2.5% to seven-week low as commodity stocks tank
10th Mar 2015 16:33
A stronger US dollar and falling commodity prices led to a rout in the heavyweight energy and mining sectors on Tuesday, pushing the FTSE 100 down 2.5% to its lowest level in seven weeks. The Footsie ended the day down 173.63 points at 6,702.84, with ongoing concerns about Greece further weighing on
Read moreFTSE 100 movers: Oil producers and miners weaker, Easyjet soars on lower costs
10th Mar 2015 14:14
Oil producers such as Tullow, Shell and BG Group led the fallers as crude prices declined. Brent futures were down 1.4% at $57.73 a barrel by noon. Meanwhile, Easyjet was flying higher on the low oil prices, as fuel costs were further minimized. G4S was also among the risers after the security grou
Read moreBroker tips: HSBC, Morrisons, Capita, G4S
10th Mar 2015 12:24
Recent strength in US interest rates, together with opportunities to streamline some of its less profitable operations, should act as catalysts for shares in the world's local bank, HSBC. That was the opinion of analysts at Goldman Sachs who upgraded their view on shares of HSBC to 'buy' from 'neutr
Read moreLondon midday: Stocks at lowest in a month as Greek fears intensify
10th Mar 2015 12:16
UK stocks dropped sharply on Tuesday morning with the Footsie on track for its lowest close in over a month as investors scaled back their appetite for risk amid ongoing tensions between Greece and its creditors. London's FTSE 100 was down 1.2% at 6,793.01 by midday. It has not closed below the 6,80
Read moreG4S making progress with turnaround, says Hargreaves Lansdown
10th Mar 2015 10:42
G4S is "back on firmer ground", according to Hargreaves Lansdown Stockbrokers, which struck a note of cautious optimism about the security services company on Tuesday. Shares in G4S were up 2.7% at 298.7p in morning trade after the group reported a pre-tax profit of £148m for 2014, up from a loss of
Read moreLondon open: Mining stocks and Prudential drag markets lower
10th Mar 2015 08:52
Equity markets declined on Tuesday morning on the back of mixed data from China, with mining stocks bearing the brunt of the selling pressure as metal prices weakened. The FTSE 100, which set a three-week closing low of 6,876.47 on Monday, was down a further 0.22% at 6,861.50 early on with Prudentia
Read moreTuesday preview: Scandal-hit G4S reports full-year results
9th Mar 2015 15:02
G4S is expected to report an increase in annual profits as the security company bounces back from its scandals on contracts. Consensus forecasts are for the group's pre-tax profit to rise to £328.7m from £287.53m in the previous year, driven by the core business of security solutions. The company h
Read moreLondon midday: Greek fears hit UK stocks as ECB kicks off QE
9th Mar 2015 11:56
UK stocks were trading in the red on Monday despite gains in the heavyweight mining sector as Greek fears dampened sentiment. London's FTSE 100 was down 0.63% at 6,868.56 by midday. Greece's new government has threatened that they could call a referendum or have early elections if the Eurozone reje
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