UK MARKET TALK ROUNDUP: BROKERS COMMENTS
10th Jun 2010 07:49
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] 0649 GMT [Dow Jones] Halfords' (HFD.LN) FY '10 results are modestly ahead of expectations says Execution Noble. Notes managem
Read moreLondon pre-open: BP to sink Footsie
10th Jun 2010 07:41
The FTSE 100 looks like it'll be dragged back towards 5,000 in early trade after a late slip on Wall Street, while BP may mirror the 16% slump in its US-listed stock last night. Wednesday's plunge in the value of its US stock has shocked British oil giant BP into issuing a statement this morning cl
Read moreHalfords Sees FY11 Earnings Growth As FY10 Profit Surges
10th Jun 2010 07:22
LONDON (Dow Jones)--U.K. automotive and leisure products retailer Halfords Group PLC (HFD.LN) Thursday anticipated further earnings growth this fiscal year, in spite of continued tough trading conditions, as it posted a surge in pretax profit for the year ended April 2. The firm said while it re
Read moreHalfords seeks more acquisitions after profits rise
10th Jun 2010 07:20
Car parts and bicycle retailer Halfords said has a list of 12 possible acquisitions as it posted a sharp rise in profits and revenues in the year to April 2. Pre-tax profits climbed to £117.1m from £92.4m on revenues that were up to £831.6m from £794.7m. The full-year dividend climbed to 20p from 1
Read moreThursday preview: Home Retail, Halfords, UK interest rates
9th Jun 2010 16:00
Argos and Homebase owner Home Retail gives a trading update a week after its big rival in the DIY business, B&Q owner Kingfisher, had a moan about adverse weather conditions hitting first quarter performance, and Home Retail is likely to voice similar grumbles. "The UK home and general merchandise
Read moreFTSE 250 movers: Dana gushes ahead
15th Apr 2010 12:27
Shares in Dana Petroleum have steamed ahead after the oil & gas group Dana Petroleum announced a 'significant' gas find in the North Sea. A well at the Platypus prospect in the UK's part of the sea 'encountered some 218 vertical feet of good quality gas bearing sands.' Shares in Debenhams, which o
Read moreEuropean Goldfields non-exec makes £23m profit
12th Apr 2010 16:25
Non-executive director Dimitrios Koutras has made a £23m profit on European Goldfields shares he bought in November 2008. Koutras sold 6,684,641 shares at 435p a share to institutional investors, thereby widening the shareholder base of the gold miner and explorer. The sale raised £29.08m. That ta
Read moreWednesday tips round-up: Salamander, Cairn, Halfords
24th Mar 2010 06:45
Salamander Energy shares are trading on a December 2010 earnings multiple of 17.6 times, in anticipation of their drilling programme. Salamander remains a speculative, high-risk play based on its high-impact drilling programme over the course of this year. Being high risk, investors should not inv
Read moreLondon close: Further boost for shares
23rd Mar 2010 16:43
Rising commodity prices, US strength and some well-received company updates sent London to a fresh 21-month closing high Tuesday. The leading index hasn't finished up at this level since 19 June 2008 and is just one decent session away from breaking through 5,700. Cairn Energy was easily the most
Read moreLondon afternoon: Full steam ahead for Carnival
23rd Mar 2010 14:15
London's leading shares consolidated gains over the lunch-time trading session after notching up solid gains in the morning. Cairn Energy remains the stand-out performer among blue-chips by some distance. The oil group raised its forecast for peak production from its Indian assets by over a third t
Read moreBroker tips: Legal & General, Halfords, Carpetright
23rd Mar 2010 13:06
The capital position at Legal & General is looking increasingly attractive and with the prospect of improved dividend payouts Panmure Gordon is happy to reiterate its 'buy' recommendation after the insurer's 'excellent results' on Tuesday morning. 'We believe that these results addresses many of th
Read moreBroker snap: Halfords moves up a gear
23rd Mar 2010 13:05
Car parts and cycle retailer Halfords raised profits guidance for the current year when it made its pre-close trading update on Tuesday morning, though the decision to close down its fledgling Central European operations was a less welcome surprise. The group will close down the seven stores it has
Read moreLondon midday: Cairn caps a good morning
23rd Mar 2010 11:57
Some of the steam has gone out of Footsie after a bright start, but it is still posting decent gains. Cairn Energy is the stand-out performer by some distance. The oil group raised its forecast for peak production from its Indian assets by over a third to 240,000 barrels per day, plus it also boost
Read moreLondon open: Footsie pushes on
23rd Mar 2010 08:48
Footsie has moved higher in early dealings after a good showing from US shares overnight. Cairn Energy is the star performer so far. The oil group raised its forecast for peak production from its Indian assets by over a third to 240,000 barrels per day. The group posted net losses for 2009 of $60.7
Read moreHalfords profit to beat expectations
23rd Mar 2010 07:48
Car parts and bike retailer Halfords said it expects earnings for the year to be ahead of expectations after seeing a rise in sales in the 11 weeks to 19 March. Sales increased by 1.3% compared with the same period the previous year and rose by 0.8% on a like-for-like basis, stripping out the impac
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