MARKET TALK: Nomura Downgrades Go-Ahead To Neutral Vs Buy
28th Jun 2010 11:14
1014 GMT [Dow Jones] Nomura downgrades Go-Ahead Group (GOG.LN) to neutral from buy. This reflects the difficult London bus market. Nomura also says UK rail EBITA is not as high as hoped, given stronger passenger revenue growth. Cuts the price target to 1250p from 1665p. "London bus is likely to rema
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
28th Jun 2010 11:14
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1014 GMT [Dow Jones] Nomura downgrades Go-Ahead Group (GOG.LN) to neutral from buy. This reflects the difficult London bus
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
28th Jun 2010 09:34
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0834 GMT [Dow Jones] Bank of America Merrill Lynch lowers Go-Ahead Group (GOG.LN) to underperform from neutral and lowers
Read moreMARKET TALK: BofA Merrill Cuts Go-Ahead Group To Underperform
28th Jun 2010 09:34
0834 GMT [Dow Jones] Bank of America Merrill Lynch lowers Go-Ahead Group (GOG.LN) to underperform from neutral and lowers price objective to 1260p from 1530p. Brokerage also lowers its FY10 EPS estimate to 121.1p from 123.5p and FY11 estimate to 106.9p from 127.9p. Says the majority of the FY11 decl
Read moreLondon close: Footsie sinks to two-week low
24th Jun 2010 16:42
An afternoon rally fizzled as Wall St opened lower sending Footsie close to its low for the day. Miners were a poor market all day and ENRC, Kazakhmys, Lonmin, Fresnillo and Xstrata were the big losers on fears of a double-dip recession. Elsewhere in the resource sector oil giant BP said the low
Read moreLondon afternoon: Utilities in demand
24th Jun 2010 14:23
Leading shares continued to pare losses over the lunch time session and though the Footsie remains in negative territory, much of that us due to the weakness of mining stocks. ENRC, Kazakhmys, Lonmin, Fresnillo and Xstrataare the big losers in the sector as concerns about Europe's debt crisis resu
Read moreFTSE 250 movers: McBride takes a pasting
24th Jun 2010 12:50
Shares in McBride, maker of such products as toothpaste and toilet cleaner for supermarkets to sell under their own names, have crashed. It said it expects full year revenue growth to be flat after a weak final quarter and as raw material prices continue to rise. Oil explorer Dana Petroleum has ma
Read moreLondon midday: Stocks off the bottom
24th Jun 2010 12:06
Leading stocks are off their lowest levels but the Footsie remains in the red with little hope of a boost in sentiment from Wall Street, where US stocks are expected to open moderately lower. Mining stocks are out of favour after an initially bright start. Early enthusiasm for miners was engendere
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
24th Jun 2010 11:52
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1052 GMT [Dow Jones] Panmure Gordon cuts Go-Ahead Group (GOG.LN) price target to 1600p from 1700p to reflect the margin de
Read moreMARKET TALK: Panmure Cuts Go-Ahead Price Target
24th Jun 2010 11:52
1052 GMT [Dow Jones] Panmure Gordon cuts Go-Ahead Group (GOG.LN) price target to 1600p from 1700p to reflect the margin decline in the regulated London operations, following the company's trading update. Still, thinks the share price will be supported by the attractive and safe dividend yield, which
Read moreUPDATE: Go-Ahead Group Expects To Meet Expectations
24th Jun 2010 09:18
(Adds comment.) By Kaveri Niththyananthan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Bus and rail company Go-Ahead Group PLC (GOG.LN) Thursday remained cautious on the near-term prospects for the U.K. economy but said it was confident it would meet its expectations for the fiscal year
Read moreLondon open: Stocks in the red
24th Jun 2010 08:49
Having posted quick gains at the start, London's top stocks have reversed into the red. Miners are the main instigators for the decline with 9 out of the top ten fallers from the sector. Kazakhmys, Rio Tinto, Eurasian Natural Resources and Fresnillo are the biggest decliners so far. BP said the lo
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
24th Jun 2010 08:11
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0711 GMT [Dow Jones] Go-Ahead's (GOG.LN) full-year pre-close trading is slightly behind Shore Capital's higher-end expectatio
Read moreMARKET TALK: Go-Ahead Performance Tad Behind Shore's Top Hopes
24th Jun 2010 08:11
0711 GMT [Dow Jones] Go-Ahead's (GOG.LN) full-year pre-close trading is slightly behind Shore Capital's higher-end expectations. The brokerage says there's scope to nudge down its 2011 forecasts by GBP5 million due to a higher tax rate and more cautious forecasts in the rail segment. Buy recommendat
Read moreLondon pre-open: Early rise expeced
24th Jun 2010 07:40
Footsie is expected to move ahead in early dealings following a late rally in the US last night. BP has issued yet another update on the oil leak, saying the lower marine riser package (LMRP) cap containment system was successfully re-attached on its blow-out well in the Gulf of Mexico. Yesterday,
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