FTSE 100 movers: St James's Place rockets on strong annual results, Weir slips on oil price outlook
25th Feb 2015 14:14
Wealth management group St James's Place topped the risers after it impressed City analysts on Wednesday with a solid set of annual results, as strong cash generation led it to hike its final dividend by 50%. Profits came in well ahead of the consensus forecast of £533m. Hospitality group Whitbread
Read moreWednesday tips round-up: BHP BIlliton, GKN
25th Feb 2015 12:36
Under pressure perhaps to keep investors happy with its yield, mining group BHP Billiton on Tuesday announced it would be increasing its interim pay-out by 3%. Analysts expect a full-year dividend yield of 5%, which makes for a favourable comparison with that of Australian banks, which yield 4-5%. H
Read moreFTSE 100 movers: BHP higher after beating forecasts, Meggitt hit by falling profits
24th Feb 2015 12:59
Mining giant BHP Billiton jumped after beating forecasts with a less-than-expected decline in earnings in the first half. Underlying operating profits fell 12.3% year-on-year to $14.49bn, compared with consensus forecasts of $13.62bn. The group also pledged to keep its dividend policy unchanged desp
Read moreBroker tips: HSBC, GKN, Persimmon
24th Feb 2015 12:40
UBS has downgraded HSBC from 'buy' to 'neutral' after Monday's disappointing 2014 results, saying that revenue momentum at the bank lost steam in the fourth quarter. It also said HSBC's capital position disappointed and foresees "at least another two years of de-leveraging ahead". The broker lowered
Read moreGKN's results meet forecasts but Numis cuts rating to 'hold'
24th Feb 2015 09:10
GKN's results were in line with market expectations on Tuesday, but Numis Securities has decided to cut their recommendation on the engineering stock from 'add' to 'hold' after a strong run. The company, which operates in the automotive, aerospace, metallurgy and industrial markets, reported a pre-t
Read moreGKN predicts further growth as auto boosts 2014 underlying profits
24th Feb 2015 07:56
Engineering group GKN has forecast "another year of growth" after underlying profits improved in 2014, helped by a strong performance in its Driveline division. The company, which operates in the automotive, aerospace, metallurgy and industrial markets, reported a pre-tax profit on a 'management bas
Read moreTuesday preview: GKN, BHP Billiton report earnings
23rd Feb 2015 15:11
GKN is expected on Tuesday to report an increase in annual earnings, driven by a strong performance in the civil aerospace and automotive divisions. The engineer is forecast to report pre-tax profit of £581m, up from the previous year's £523m, with growth in the key European, US and Chinese markets.
Read moreFTSE 100 movers: Airlines Easyjet and IAG flying high, Dixons hit by downgrade
27th Jan 2015 13:32
Shares in Easyjet ascended after the British budget airline said it now expects an increase in revenues per seat in the first half. The company said revenue per seat at constant currency should rise by 2% on last year, compared with its previous guidance of "flat to very slightly up". It also expect
Read moreFTSE 100 movers: GKN on top as target price lifted, travel stocks gain as oil prices fall
12th Jan 2015 12:46
Engineer GKN was given a boost by Credit Suisse which lifted its target price on the stock from 380p to 410p and reiterated an 'outperform' rating. The broker said: "Despite automotive accounting for around 59% of 2015 estimated group revenue, investor attention is often focused on the aerospace div
Read moreBroker tips: Rolls-Royce, GKN, Thorntons
23rd Dec 2014 12:26
Investec has trimmed its target price for Rolls-Royce from 900p to 860p and kept its 'hold' rating, saying that a faster decline in Trent 700 production "increases headwinds" for the engine maker. "The Trent 700, that powers the A330ceo, is currently Rolls' most significant in production engine. We
Read moreNumis still positive on GKN despite "woes" at Land Systems
23rd Dec 2014 10:10
Struggles in GKN's Land Systems (LS) division are providing a drag on investor confidence about the engineering firm, though broker Numis Securities still reiterated its 'add' stance on the stock. LS is the smallest division at GKN, accounting for just 10% of sales and 7% of profits. The business h
Read moreTuesday broker round-up UPDATE
28th Oct 2014 09:18
Afren: Credit Suisse lowers target price from 132p to 115p staying with its outperform rating. African Barrick Gold: Westhouse moves target price from 230p to 240p and keeps an add rating. Anglo American: Investec reduces target price from 1603p to 1588p and keeps a buy recommendation. APR Energy:
Read moreWednesday broker round-up UPDATE
22nd Oct 2014 09:54
Amino Technologies: N+1 Singer moves target price from 93p to 107p upgrading to buy. Anglo American: Liberum Capital reduces target price from 1300p to 1200p retaining its sell recommendation. ARM Holdings: UBS moves target price from 970p to 980p upgrading from neutral to buy. Deutsche Bank cuts t
Read moreFTSE 100 movers: Travel stocks fly higher
21st Oct 2014 14:51
Travel stocks were once again in positive territory as the sector recovered from a recent poor performance amid mounting concerns about the Ebola crisis. A report from Reuters claiming the European Central Bank is considering the possibility of buying corporate bonds on the secondary market, potenti
Read moreLondon midday: ECB stimulus hopes lift stocks, but earnings reports mixed
21st Oct 2014 11:38
Decent gains in the financial, energy and retail sectors helped the FTSE 100 rise strongly on Tuesday, despite some mixed blue-chip earnings and economic data from China. Also helping sentiment were reports that the European Central Bank is considering buying corporate bonds on the secondary market.
Read more