Monday broker round-up
8th Jun 2015 08:04
Shire: Deutsche Bank reiterates buy recommendation and 6,000p target. Bellway: Deutsche Bank stays at hold with a 2,326p target price, Citi reiterates buy. Halfords: Deustche Bank remains at hold and ups target to 480p from 460p. Churchill Mining: Northland initiates coverage at 'speculative buy'.
Read moreFTSE 250 movers: Betfair hit by downgrade, oil and energy stocks higher
5th Jun 2015 12:58
Mid-caps were under pressure on Friday, following news that OPEC would not curb oil production and that Greece had opted to defer payment on €300m owed to the International Monetary Fund until Friday. Sector-wise gains made by oil, energy and mining stock were eradicated by weakness in telecommunica
Read moreLondon open: Traders watching Greece, US jobs
5th Jun 2015 09:26
UK stocks started the morning on the back foot after Greece missed the €300m payment it was due to make to the International Monetary Fund (IMF). As of 09:36 the FTSE 100 was falling by 53.64 points to 6,805.24. Instead, the troubled country has decided to pay its outstanding debt in one payment at
Read moreHalfords annual profit, revenue rise
5th Jun 2015 07:46
Car parts and bicycle retailer Halfords posted an 11.4% rise in full-year profit on Monday, as the company's drive to improve customer service and expand its cycling ranges helped to push group revenue over £1bn. Pre-tax profit increased to £81.1m, ahead of analysts' expectations, while total group
Read moreLondon pre-open: Stocks to slide as Greece misses €300m payment
5th Jun 2015 07:35
UK stocks were forecast to open on the back foot on Friday after Greece missed the €300m payment it was due to make to the International Monetary Fund (IMF). City sources predict the FTSE 100 will open around 16 points lower than Thursday's close of 6,859.24, which marked a 1.3% drop on the day. Th
Read moreLondon pre-open: FTSE to retreat from record, Chinese exports sink
13th Apr 2015 07:45
After surging to a new record high, UK stocks are expected to pull back slightly on Monday ahead of a busy week for global financial markets. City sources predict the FTSE 100 will open 15 points lower than Friday's close of 7,089.77. "The week ahead in the financial markets will certainly be an in
Read moreEasyJet hires Halfords' finance chief
13th Apr 2015 07:32
Low cost air carrier EasyJet on Monday appointed former finance executive from Halfords on its management board. Andrew Findlay, is to become chief finance officer at EasyJet by the end of October. He joins from Halfords where he was CFO. Before that, Findlay was director of finance, tax and treasu
Read moreTuesday tips round-up: Centamin, Halfords
24th Mar 2015 18:28
Egypt-focused gold miner Centamin offers investors a rather unique selling point, a dividend yield of about 3%. That comes despite the poor performance by the price of gold over the past year, which fell to below $1,200 an ounce. However, the risk of further drops in the price of gold cannot be igno
Read moreFTSE 250 movers: IPF higher on upgrade, oil stocks and miners lower
24th Mar 2015 14:15
Shares in International Personal Finance shot up after Berenberg Bank upgraded its rating on the stock to 'buy' from 'hold'. "While FX and regulatory fears are weighing on the shares, IPF is exposed to significant long-term growth opportunities," said Berenberg. Hospital group Spire Healthcare saw i
Read moreHalfords appoints McDonald's executive Jill McDonald as new CEO
23rd Mar 2015 07:24
Halfords has appointed Jill McDonald as its new chief executive officer (CEO) effective 11 May 2015. McDonald is currently working for the McDonald's Corporation, which she joined in 2006 as chief marketing officer UK and Northern Europe. Halfords chairman Dennis Millard said: "Jill will lead our h
Read moreFTSE 250 movers: Afren lower on defaulted interest payment, Betfair surges on upgraded guidance
5th Mar 2015 14:10
African oil company Afren plunged as it defaulted on an interest payment while it negotiates a restructuring with lenders that could dilute the interests of shareholders. Aerospace and defence manufacturer Cobham was damaged by a big fall in pre-tax profit for 2014, despite higher revenue. The compa
Read moreHalfords set to announce former Monsoon boss as CEO
5th Mar 2015 11:44
British auto and parts dealer Halfords could be set to appoint retail businessman John Browett as its new chief executive after he left fashion retailer Monsoon last month. According to an equity sales analyst in London, Browett, who has held executive management positions at leading retailers, is t
Read moreLondon close: UK stocks at best levels this year as Tesco jumps 15%
8th Jan 2015 16:42
London's FTSE 100 surged by 2.3% on Thursday to close at its best level this year as a massive gain in the share price of heavyweight supermarket group Tesco gave fellow retailers a lift. Increased hopes for central-bank stimulus in Europe, a stabilisation of oil prices and improving economic data f
Read moreLondon midday: ECB stimulus hope drives gains, Tesco jumps 10%
8th Jan 2015 11:52
UK stocks surged strongly on Thursday amid hopes for more central-bank stimulus in Europe, assisted by strong gains from supermarket heavyweight Tesco as investors welcomed its turnaround plan and resilient Christmas sales. London's FTSE 100 was trading 1.6% higher at 6,522 by midday. The announcem
Read moreLondon open: Tesco leads stock surge ahead of economic data, BoE decision
8th Jan 2015 08:45
Big gains from Tesco and a strong finish on Wall Street helped drive UK markets higher on Thursday morning, as investors awaited a flurry of economic data and a policy decision by the Bank of England (BoE). Heavyweight grocer Tesco was leading the risers early on after investors applauded the superm
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