London close: Stocks dented by concerns over Syria, Fed taper
3rd Sep 2013 16:22
Markets were choppy on Tuesday as reports of two ballistic missiles being fired in the Eastern Mediterranean and heightened fears about the scaling back of US stimulus dented investor sentiment. While the launch was later confirmed as a missile test by Israeli forces training with the US Navy, the
Read moreBroker snap: Panmure upgrades Genus despite results miss
3rd Sep 2013 15:55
The share price of Genus sunk sharply on Tuesday after full-year results from the animal sciences group failed to meet forecasts. However with a solid outlook for the current year, Panmure Gordon decided to raise its rating for the stock from 'sell' to 'hold'. In spite of the more positive stance,
Read moreFTSE 250 movers: Dixons Retail trumps ahead of results
3rd Sep 2013 14:00
Consumer electronics company Dixons Retail was the top riser as analysts said they expect the owner of PC World and Currys to deliver solid first quarter results on Thursday. Spirent Communications rallied as the telecommunications testing company said its Chief Executive Officer Bill Burns will st
Read moreLondon midday: Markets rattled by Mediterranean missile reports
3rd Sep 2013 11:35
After a positive start, markets had pared gains by midday with sentiment hit by reports of two ballistic 'objects' heading towards the East Mediterranean. Market Analyst Craig Erlam from Alpari said that traders became "instantly risk averse on fears that the US had initiated a military strike with
Read moreLondon open: Markets edge higher early on
3rd Sep 2013 08:31
Markets opened with small gains on Tuesday morning with stocks pausing for breath after a strong rise the day before. Stocks surged on Monday as traders took advantage of low volumes - with Wall Street closed for Labour Day - to push the London index up 1.5%. Better-than-expected manufacturing da
Read moreGenus increases dividend and predicts stronger growth
3rd Sep 2013 07:14
Genus increased its annual dividend by 10 per cent and said it expected revenue growth to improve as it reported a rise in underlying profits. The animal genetics company's adjusted pre-tax profit rose 2% to £47.2m in the year ended June 30th even as feed costs increased. Statutory profit before ta
Read moreTuesday broker round-up UPDATE
25th Jun 2013 07:24
African Barrick Gold: Morgan Stanley reduces target price from 200p to 140p, while leaving its equal-weight rating unaltered. Deutsche Bank lowers target price from 153p to 137p leaving its hold recommendation unchanged. African Minerals: Deutsche Bank lowers target price from 586p to 570p, while k
Read moreWood Group Chairman sells 250,000 shares
23rd May 2013 16:24
The Chairman of Wood Group has traded in 2.1m pounds-worth of shares in the group. Allister Langlands sold, on behalf of his wife, 250,000 shares 846p each. The deal was announced on the same day the FTSE 100 energy services giant announced its PSN business has scored a contract to deliver oper
Read moreThursday tips round-up: Next, Genus, StanChart
9th May 2013 06:59
Retailer Next is facing a "new normal," something which its Chief Executive, Lord Wolfson of Aspley Guise, describes as an environment where the shopper is careful with his or her money and retailers can no longer expect an automatic year-on-year rise in like-for-like sales. So much so in fact that
Read moreGenus says results in line with last year
30th Apr 2013 10:04
Animal genetics company Genus said results for the first nine months are in line with last year's record performance. The group's revenues were flat and pre-tax profits were 1.0% lower in constant currency for the period, despite the impact of higher feed costs and investments. Market conditions
Read moreThursday broker round-up UPDATE
4th Apr 2013 07:32
Aviva: Bank of America cuts target price from 350p to 335p, while its neutral rating remains unchanged. Barratt Developments: Credit Suisse revises target price from 223p to 317p, while staying with its neutral rating. Bellway: Credit Suisse moves target price from 1202p to 1639p and leaves its ou
Read moreWednesday broker round-up UPDATE
20th Mar 2013 08:53
Abcam: Canaccord Genuity moves target price from 344p to 358p, but still recommends selling. Antofagasta: Jefferies cuts target price from 1350p to 1100p, while keeping a hold recommendation. ASOS: Cantor Fitzgerald raises target price from 2500p to 2900p reiterating a hold recommendation. Panmure
Read moreGenus profit declines as research and development costs climb
25th Feb 2013 07:56
Global animal genetics company Genus posted a minimal rise in half year revenue, but a slight decline in pre-tax profit after an increase in research and development costs for the six months ended December 31st. Revenue for the period totalled £167.2m (2011: £166.9m), broadly unchanged in actual c
Read moreGenus announces retirement of Group Finance Director
13th Dec 2012 08:59
Genus announced Thursday that Group Finance Director John Worby will be stepping down after eight years at the leading global animal genetics firm. Worby - who joined the board in 2004 as non-executive director before being appointed the group finance director - is set to retire from the board of t
Read moreGenus hit by bills and weather
8th Nov 2012 09:36
Animal genetics group Genus was off slightly on Thursday after it said higher feed costs and the impact of bad weather had dented profits. Shares dropped 2% as the firm said it believed Genus was on course to achieve another year of growth. The company said revenues for the four months to the end
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