TechMARK movers: Computercenter exits box shifting
27th Oct 2009 15:42
Computacenter has sold its trade distribution division to Ingram Micro. This prompted Panmure Gordon to upgrade Computacenter from a hold to a buy. The computer services business has completely withdrawn from trade distribution, which is effectively a box shifting business. This is a low margin op
Read moreWednesday preview: Glaxo, BG, BATs
27th Oct 2009 14:56
Drugs giant GlaxoSmithkline should see third quarter revenues come in higher than in the corresponding period of last year, helped by favourable currency fluctuations and a boost from the swine flue epidemic. Charles Stanley is forecasting group revenue of £6.75bn, up from £5.88bn in the third qua
Read moreFTSE 100 movers: BP leads the way
27th Oct 2009 14:42
Shares in BP are higher after the oil giant kicked off the oil majors results season on Tuesday with third quarter figures that showed a smaller than feared drop in profits. Peer BG Group, due to deliver third quarter results tomorrow, is also higher. Drug group GlaxoSmithKline is another FTSE 10
Read moreMonday newspaper round-up: Bradford & Bingley, Northern Rock, BA
26th Oct 2009 06:25
Bradford & Bingley is to divide its £50 billion balance sheet into "good" and "bad" assets in an exercise that echoes similar plans at Northern Rock. B&B, which was broken up and partly nationalised a year ago, is looking for attractive assets that it can sell to private buyers, says the Times. The
Read moreBroker tips: Income stocks, miners
23rd Oct 2009 13:13
US bank Citigroup has been casting its eye on income shares and reckons the sectors to focus on are telecoms and insurance, which look cheap when compared to banks and utilities. The US bank says UK equities still look good value on a dividend basis, and highlighted telecoms giant Vodafone and mini
Read moreBroker snap: Look to equities for income, Citi says
23rd Oct 2009 13:11
US bank Citigroup has been casting its eye on income shares and reckons the sectors to focus on are telecoms and insurance, which look cheap when compared to banks and utilities. The US bank says UK equities still look good value on a dividend basis, and highlighted telecoms giant Vodafone and mini
Read moreWeek Ahead: BP, Shell, BG, Glaxo, Astra
23rd Oct 2009 11:46
Oil and pharmaceuticals companies will dominate the company results scene next week, with BP, Royal Dutch Shell, BG Group, AstraZeneca and GlaxoSmithkline all set to give trading updates. Oil giant BP kicks off on Tuesday with third quarter figures, where net income is set to tumble to just over $3
Read moreBroker tips: Punch Taverns, Glaxo, ITV
14th Oct 2009 11:58
Debt laden pubs group Punch Taverns continues to divide opinions in the investment analyst community. Broker Panmure Gordon, which is bearish on the stock, calculated the group's net asset value per share at 260p after Punch announced a £667m write-down in the value of its pub assets this morning.
Read moreBroker snap: Paxil fears overdone at Glaxo
14th Oct 2009 11:16
Yesterday's setback in a US court for drugs giant GlaxoSmithKline may dent the share price, in which case broker Panmure Gordon would be 'aggressive buyers' of the stock. A jury in a Philadelphia court ruled on Tuesday that Glaxo had failed to give sufficient warnings to doctors and pregnant women
Read moreGlaxo loses first US Paxil case
13th Oct 2009 18:20
Drugs giant GlaxoSmithKline has been ordered to pay $2.5m in damages to the family of Lyam Kilker, after a jury in a Philadelphia court ruled that the company had failed to give sufficient warnings to doctors and pregnant women that its Paxil antidepressant could cause birth defects. Kilker's mothe
Read moreTuesday tips round-up: JP Morgan India, GlaxoSmithKline, YouGov
13th Oct 2009 06:41
Some economists have suggested that India's growth may outstrip that in China over the next few years, as major exporting countries are still hampered by the slowdown in global trade. JP Morgan India Investment Trust's latest net asset value per share, on a fully-diluted basis, is 387.17p a share a
Read moreLondon close: Miners lead Footsie recovery
6th Oct 2009 16:41
Mining stocks were at the forefront of a sharp rally in the FTSE 100 as the market recovered from a recent weak spell. Kazakhmys, Antofagasta, Randgold Resources, Vedanta, Anglo American, Xstrata and ENRC are the pick of the risers in the mining sector as metal prices head higher. Reaction to Tes
Read moreLondon afternoon: Morning's gains consolidated
6th Oct 2009 14:36
Less than a dozen Footsie constituents are in the red this afternoon as the market recovers strongly on the back of buoyant mining shares. Kazakhmys, Antofagasta, Randgold Resources, Vedanta, Anglo American, Xstrata and ENRC are the pick of the risers in the mining sector as metal prices head highe
Read moreBroker tips: Tesco, GlaxoSmithKline, Reckitt Benckiser
6th Oct 2009 13:04
JPMorgan Chase reckons there is scope for upward revisions to earnings forecasts at Reckitt Benckiser, driven by increased sales and improved margins. 'We see room for positive earnings revisions from better top line and operating margins for the core business and potentially milder profit erosion
Read moreLondon midday: Miners push Footsie higher
6th Oct 2009 12:06
After a hesitant start, London's blue-chips have kicked on with mining stocks leading the way. Kazakhmys, Antofagasta, Randgold Resources, Vedanta, Anglo American, Xstrata and ENRC are the pick of the risers in the mining sector as metal prices head higher. Reaction to Tesco's results was initial
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