Monday broker round-up UPDATE
10th Dec 2012 07:10
Andor Technology: Investec moves target price from 450p to 460p, while reiterating its buy recommendation. Antofagasta: Alphavalue downgrades to reduce, while keeping the target price at 1371p. Ashtead Group: Investec target price from 250p to 475p and reiterates its buy recommendation. Atkins: J
Read moreLondon close: Footsie thunders ahead
11th Oct 2012 16:54
Better than expected US jobless figures gave a little early afternoon boost to a London market already going along nicely, as investors shrugged off a downgrade of Spain's credit rating by S&P, leaving the Iberian nation's debt status barely above a junk rating. Initial weekly unemployment claims d
Read moreFTSE 250 movers: Bumi leaps on Bakrie offer
11th Oct 2012 16:08
Shares in Indonesia-focused mining giant Bumi leapt after major shareholder, the Bakrie Group, tabled an offer that could end their turbulent relationship. Bakrie wants to swap its stake in the group for a stake of equivalent value in Bumi Resources. The group has been the subject of a board room
Read moreGreggs' sales performance a bit flaky
11th Oct 2012 15:46
Much as we would like to reprise our 'Greggs on a roll' headline the interim management statement (IMS) from the sandwiches and baked food chain did not allow us to do so. Like-for-like (LFL) sales fell 2.6% in the 14 weeks to October 6th, and while this was an improvement on the 3.5% deterioration
Read moreLondon midday: Bumi booming on back of buy-out proposal
11th Oct 2012 11:51
London enjoyed a solid morning sparked by a return to favour of stock market darling Burberry, the luxury fashion chain. Burberry, which issued a profit warning last month, confirmed like-for-like (LFL) sales growth in its stores slowed dramatically in the July-September quarter, but the good news
Read moreLondon open: Burberry back in fashion
11th Oct 2012 08:51
London has, for once, decided not to dance to Wall Street's tune and has opened little changed, despite the shake-out yesterday stateside. Another credit ratings downgrade for troubled economy Spain has also been shrugged off. In company news, Burberry, the luxury fashion chain which issued a profi
Read moreGreggs LFL sales to remain negative in final quarter
11th Oct 2012 07:06
High street baker Greggs said like-for-like (LFL) sales fell 2.6 per cent for the 14 weeks to October 6th as consumers continued to tighten their purse strings. The decline in LFL sales was an improvement on the 3.5% deterioration in the second quarter, but the company said it was a smaller recover
Read moreNetherton to quit as Chairman of Greggs next year
13th Sep 2012 16:12
Derek Netherton, Chairman of pasty vendor Greggs, has decided not to seek re-election to the board at the next annual general meeting, currently scheduled for May of next year. He will be succeeded as Chairman by Ian Durant, currently an independent non-executive director on the Greggs board. Duran
Read moreFTSE 250 movers: Britvic, AG Barr surge on merger speculation
5th Sep 2012 15:56
Investors of Britvic and AG Barr today celebrated the news that the companies are in discussions about an all-share merger which would create 'one of the leading soft drinks companies in Europe'. "The combination would have compelling industrial logic and represents an opportunity for both companie
Read moreLondon open: BP and ex-div stocks provide a drag early on
5th Sep 2012 08:34
- ECB meeting eyed - Australian, Chinese data disappoints - BP, ex-div stocks weigh on Footsie Following a 1.5 per cent fall for the Footsie the day before, UK stocks opened lower once again on Wednesday morning with investors likely to remain cautious ahead of tomorrow's eagerly anticipated Europe
Read moreGreggs soggy numbers masks strategy shift
7th Aug 2012 11:03
Britain's answer to McDonald's, sausage roll specialist Greggs, had a slightly bumpy morning on Tuesday, with its share price more flaky than the baker's pastry after a disappointing trading update, but there's more to the results than meets the eye. Greggs is determined not to be constrained by it
Read moreGreggs suffering in the rain
7th Aug 2012 07:32
Performance from sausage roll snack king Greggs in the first half of the year was decidedly soggy, with the group apportioning some of the blame on record levels of rainfall in the second quarter of the year. The chain, which benefited from huge globs of free publicity at the time of the so-called
Read moreG4S executive cuts his stake
20th Jun 2012 15:29
Grahame Gibson, the Chief Operating Officer and Regional head of G4S's Americas division, has sold 100,000 shares in the international security solutions supplier. Gibson sold the shares for 280p per share on June 19th, making a total of £280,000 on the sale. The company was unavailable to comment
Read moreLondon close: Stocks rally after strong start in US
29th May 2012 16:29
-US markets provide a lift after long weekend -Chinese optimism lifts resource stocks -Greggs celebrates pasty tax U-turn With US stocks starting on the front foot following a long weekend, London's blue-chip equities were given a boost helping the Footsie to rally in afternoon trade. Investors St
Read moreFTSE 250 movers: Greggs leaps on pasty-gate reversal
29th May 2012 15:15
Bakery chain Greggs soared after it was announced that the government is to back down on plans to introduce VAT on hot savouries. Canaccord Genuity upgraded the stock from hold to buy this morning, saying that the 'pasty-gate' u-turn removes "significant financial and strategic risk for Greggs". B
Read more