Tuesday preview: Devro, Genus, public sector finances
20th Feb 2012 18:16
Profits from sausage skin maker Devro for 2011 will be served up as a smaller portion, with the group having disposed of its German distribution business, Devro GmbH, at the end of September. Profit before tax is expected to dive to £41.1m from £55.2m in 2010, on sales down to £226.6m from £237.0m
Read moreFriday broker round-up -UPDATE
17th Feb 2012 09:09
Ashmore: HSBC downgrades to underperform from neutral. Schroders: Citi downgrades to sell from neutral. Barclays: AlphaValue downgrades to reduce from add and lowers target to 243.9p from 283.4p. Tesco: Nomura reduces target from 500p to 430p, buy rating unchanged. InterContinental Hotels: UBS
Read moreThursday tips round-ip: CRH and Genus
5th Jan 2012 06:53
The Times's Tempus column takes a look at FTSE 100 new entrant CRH, an Irish constructions materials firm with global reach. Yesterday it released its biannual round up of acquisitions, with the €407m split rouhgly equally between Europe and the US. With a model that depends on buying relatively
Read moreGenus on track for full-year
10th Nov 2011 13:39
Animal genetics group Genus has continued to trade in line with expectations during the four months to 31 October. The firm believes world agricultural markets have generally remained favourable for its customers and remains confident that its expectations for the full year will be met. Adjusted
Read moreIntertek chairman sells more shares
20th Sep 2011 16:34
Vanni Treves, chairman of the FTSE 100-listed testing company Intertek, has offloaded a big chunk of shares, netting nearly £200,000. He sold 10,000 shares at 1,980p a time and still has 20,000. The shares have been hit by the general market decline since April, when Treves sold 24,048 shares at 2
Read moreGenus sales driven by the Americas
6th Sep 2011 07:42
Full-year sales at animal genetics group Genus rose by 9% in the full year ended 30 June, led by increased demand for genetics from its customers, especially in Latin America and the US. "Genus achieved good volume growth in those markets [Latin America and the US] but the Far East porcine market r
Read moreSunday tips round-up: Kazakhmys, Axis-Shield, 5 post-slump shares
14th Aug 2011 19:43
Kazakhmys operates in Kazakhstan, where it is predominantly a copper miner, though it also produces zinc, silver and gold and operates a major power station. The market for its copper is partly in Europe, but mainly in China, which is an immediate neighbour. Kazakhmys is at risk in the event of a ma
Read moreTuesday tips round-up: Elementis, Genus, GW Pharmaceuticals
5th Jul 2011 06:36
Elementis traces its roots to 1844 and the Harrisons & Crosfield tea and coffee trading conglomerate, but it took its present shape in 1998, when the company focused on chemicals found in substances such as paint, cosmetics and, more recently, shale gas wells, where the flow of a substance needs to
Read moreLondon close: FTSE 100 back above 6,000
4th Jul 2011 16:56
The top share index finished well clear of the 6,000 point mark as the rally following the Greek parliament's vote in favour of austerity measures continued. Property group British Land was among the top risers. Panmure Gordon has been casting its eye over the company and notes that it offers "an a
Read moreFTSE 250 movers: Food producers lead gains
4th Jul 2011 15:28
The FTSE 250 index climbed higher as overall sentiment remained positive in London after the top share index breached the psychologically important 6,000 points level earlier in the day. Food producers led the gains on the mid-cap stock index with Premier Foods and Ocado Group being among the top ri
Read moreBroker tips: Next, Charter, Genus
4th Jul 2011 13:45
The decision by fashion retailer Next to stick to its knitting and get shot of its customer services operation, Venture, is a sensible one, in the eyes of Singer Capital Markets. "Call centre operations were never truly core, and the industry remains extremely competitive," the broker asserts. "M
Read moreLondon midday: FTSE 100 passes 6,000 points
4th Jul 2011 12:05
The top share index is above the 6,000 point mark again as the post-Greek austerity vote rally continues. The rise comes in spite of Standard & Poor´s warning that the voluntary rollover proposed by the French government and accepted by banks for 70% of Greek debt could be considered a "selective d
Read moreBroker snap: Buy Genus on the dips, says Prime Markets
4th Jul 2011 11:32
Genus's trading statement this morning was not exactly one to set pulses racing, but the animal genetics company's strong cash generation prompted Panmure Gordon to up its price target for the stock. Panmure leaves its profit forecasts for Genus unchanged, but is reducing its year end net debt fore
Read moreLondon open: Footsie struggling to pass 6,000
4th Jul 2011 08:33
The top share index has got off to an indecisive start, edging higher but failing to breach the 6,000 point barrier. Among the risers is Essar Energy, the India-focused integrated energy company. It said the general meeting to rubber stamp its proposed acquisition of the oil refinery and other asso
Read moreLondon pre-open: Seeking direction
4th Jul 2011 07:46
The market looks set to get off to a quiet start and with US markets shut for the Independence Day holiday there is every chance that the placid mood will prevail throughout the day. City traders expect the Footsie index will open a few points higher but not quite break through the 6,000 barrier, a
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