Wednesday tips round-up: Hays, Aggreko, Rio Tinto, BHP
10th Oct 2012 06:40
The mood music from the resources sector has worsened in recent weeks. Thus, Rio Tinto, the third biggest miner in the world, has lowered its estimates for China's growth this year to "just below" 8 per cent, down from the around 8 per cent growth it expected in August, chief executive Tom Albanese
Read moreLondon close: Growth concerns sink stocks for second straight day
9th Oct 2012 16:35
- Miners gain, but Footsie finishes firmly lower - IMF cuts forecasts; investors nervous ahead of Alcoa - UK economic data paints gloomy picture - Crude rises on Mid-East tensions With the International Monetary Fund (IMF) cutting its growth forecasts and Wall Street starting on the back foot ahead
Read moreFTSE 250 movers: Hays tops risers as quarter beats expectations
9th Oct 2012 15:56
After first quarter results came in ahead of expectations, recruitment firm Hays jumped early on and remained a high riser through the session. The company said that markets were overall stable through the first quarter though group net fees fell by one per cent year-on-year. Seymour Pierce upgrad
Read moreLondon midday: Footsie slides as IMF spreads the gloom
9th Oct 2012 11:37
- IMF cuts global growth forecasts for 2012 and 2013 - UK economic data comes in mixed - Footsie still down despite mining strength The FTSE 100 remained firmly in the red during the morning session Tuesday after the International Monetary Fund (IMF) cast a cloud of gloom over the markets after dow
Read moreBroker tips: Rio Tinto, Barclays, Hays
9th Oct 2012 11:17
UBS has raised its target price for resources giant Rio Tinto from 4,600p to 4,700p and kept its 'buy' rating, saying that the stock is its preferred pick of the UK diversified miners. The broker said that Rio "offers the greatest leverage [within the UK diversified mining sector] to a recovery in
Read moreBroker snap: Seymour Pierce upgrades Hays to 'buy'
9th Oct 2012 09:59
Seymour Pierce has upgraded its rating for recruitment firm Hays from 'hold' to 'buy', after the group's first-quarter results came in ahead of expectations. The firm posted a 1% decline in like-for-like net fee income (NFI) in the three months to September 30th, better than the 2% fall Seymour Pie
Read moreTuesday broker round-up
9th Oct 2012 09:05
3i Group: Morgan Stanley raises target from 221p to 233p, equal weight rating kept. Aberdeen Asset Management: Morgan Stanley raises target from 315p to 365p, overweigh rating kept. Aggreko: HSBC downgrades to neutral. Alternative Networks: Westhouse upgrades to strong buy. ASOS: Panmure Gordon
Read moreLondon open: Stocks slip after IMF cuts growth forecasts
9th Oct 2012 08:25
- IMF cuts global growth estimates - Q3 US earnings season to kick off this evening - Capita and Aggreko dented by broker downgrades UK stocks continued to fall on Tuesday morning following a steep drop the day before, as concerns about the global economy were fuelled by a downgrade to growth forec
Read moreHays produces mixed third quarter update
9th Oct 2012 07:11
Recruitment company Hays has produced a mixed performance in the third quarter against an uncertain economic backdrop. Although markets were stable, overall group net fees were down 1% against the prior year. Net fees decreased 9% in the UK & Ireland, the international business delivered growth of
Read moreTuesday preview: Hays, dotDigital, industrial production
8th Oct 2012 16:10
After Michael Page's profit warning on Monday, shareholders in sector peer Hays must be fearing the worst ahead of the recruiter's third quarter trading update. Peel Hunt says markets are clearly still challenging. "Asian markets, where NFI [net fee income] is weighted towards banking, are weak and
Read moreLondon midday: Worries over growth hit the miners
8th Oct 2012 11:41
- Global growth concerns weigh on cyclicals - Investors worries about Eurozone uncertainty - Evraz sinks after gloomy broker comments After a steep fall early on, the FTSE 100 traded sideways for most of the morning session with cyclical stocks (including the miners and banks) dampened by concerns
Read moreLondon open: Stocks dented by global growth concerns
8th Oct 2012 08:21
- World Bank cuts forecasts for China - Evraz leads miners lower - BAE drops on risks to EADS merger UK stocks slid sharply on Monday morning with mining and financial shares weighing on the FTSE 100 early on as concerns over the global economy spurred a move away from 'risk'. The World Bank has c
Read moreWeek Ahead: Michael Page, Hays, Travis Perkins
5th Oct 2012 08:52
Recruiters Hays and Michael Page kick the week off on Monday with interim management statements. For Michael Page, Peel Hunt thinks trends seen at the interims are unlikely to have changed materially, except perhaps that the slowdown in Asian growth may have accelerated. The outlook will likely re
Read moreRevolving door spins again in M&B board room
21st Sep 2012 07:22
Another director at embattled pubs group Mitchells & Butlers (M&B) is on his bike, with Doug Evans announcing his intention to take up a role as company secretary and general counsel at recruitment agency Hays. The All Bar One and Harvester chains owner has had its fair share of board room upheaval
Read moreLondon close: Stocks slip as stimulus hopes fade
30th Aug 2012 16:50
- Speculation ramps up ahead of Jackson Hole meeting - Decent US data dampens hopes for extra stimulus - Volatility could increase in coming weeks, says UniCredit The FTSE 100 index experienced its third consecutive day in the red on Thursday as economic stimulus-related optimism began to fade ahea
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