FTSE 100 Movers: Kazakhmys leads the miners higher
16th Dec 2011 14:14
Kazakhmys leapt into the top spot after investors learnt that it has signed a memorandum of understanding with the China Development Bank Corporation for a $1.5bn loan facility, which is to be used for the development of the major copper project at Aktogay, East Kazakhstan. The facility consists of
Read moreLondon close: Financials lead the way higher
15th Dec 2011 16:56
Footsie limped back above the 5,400 level in thin trade, with financial stocks leading the way. OLD MUTUAL SURGES AFTER DISPOSAL South African savings and insurance group Old Mutual was the best performing blue-chip after announcing that it is to sell its Nordic business Skandia AB for £2.1bn in
Read moreFTSE 100 Movers: Old Mutual jumps into first place
15th Dec 2011 14:36
Old Mutual, the savings and investment group, leapt into the top spot on news it is to sell its Nordic business Skandia AB for £2.1bn in an effort to "reduce complexity" and pay down debt. The deal, which still needs regulatory and shareholder approval, is expected to complete during the first quar
Read moreThursday broker round-up - UPDATE
15th Dec 2011 08:48
Hays: Barclays initiates at outperform. Morgan Crucible: Goldman Sachs upgrades to buy from neutral. Hargreaves Lansdown: Citi cuts to neutral from buy. Cairn Energy: Investec keeps hold, target cut from 333p to 291p. Betfair: UBS raises target from 620p to 625p, sell rating unchanged. Logica:
Read moreLancashire's president sells £1.39m worth of shares
9th Nov 2011 16:32
The president of Lancashire Holdings, the FTSE 250 insurance broker, has sold 330,000 shares in the firm less than one week after the firm paid a special dividend following a "solid performance". Neil McConachie, who joined the firm in February 2006, sold 100,000 shares at 732p, 150,000 at £7.50 a
Read moreDouble director sale at Monitise
8th Nov 2011 13:56
Two of the most senior directors of Footsie AIM 50 listed firm Monitise have sold shares in the firm just one week after stock broker Evolution Securities lifted its target on the stock to 45p. Chief executive officer and co-founder of the mobile payments firm Alastair Lukies and chief commercial
Read moreFriday tips round-up: Booker, Hargreaves Lansdown, Dominion Petroleum...
14th Oct 2011 06:52
Cash-and-carry business Booker managed to surprise the market with its interim figures yesterday, and analysts were left upgrading their forecasts for the full year, says the Tempus column in the Times. Halfway profit before tax was 22 per cent ahead at £45 million in the 24 weeks to September 9. Th
Read moreLondon close: Banks drag market lower after Fitch downgrade
13th Oct 2011 16:34
A late rally drove the Footsie back above the 5,400 mark, but the blue chip index still finished 0.71% down after Fitch dampened sentiment in the banking sector. Not helping the mood was the International Monetary Fund (IMF) which lowered its growth forecasts for Asia for this year and next. The re
Read moreFTSE 100 movers: Rolls-Royce tops the chart
13th Oct 2011 12:36
Global power systems firm Rolls-Royce was the high riser on Thursday after it revealed two major initiatives which are expected to significantly raise its operating profits in the future. Following close behind was Hargreaves Lansdown, after the wealth management stockbroking firm said first-quart
Read moreLondon midday: Renishaw and M&B in late morning dive
13th Oct 2011 12:08
Stocks have moved further into the red with a couple of announcements that came after the early morning rush sending stocks lower. Shares of precision tool maker Renishaw took a dive after the firm admitted that revenue growth in the three months ended 30September was lower than planned and Mitchel
Read moreLondon open: Stocks ease but Rolls-Royce takes off
13th Oct 2011 08:42
Stocks have edged back in early dealings, giving back yesterday's gains in a continuation of the volatility stoked by uncertainty over the Eurozone situation. ASIAN CONTAGION Slovakia is expected to approve its participation in an enhanced bail-out package for stricken fellow Eurozone countries, d
Read moreLondon pre-open: Yesterday's gains to be surrendered
13th Oct 2011 07:21
The top-share index is set to give back most of yesterday's gains despite a firm showing last night by Wall Street and rises this morning in Asia. City sources predict the FTSE 100 will open down 37 points from yesterday's close of 5,442. The market shake-out in August had a predictable effect on a
Read moreHargreaves Lansdown AUM fall 9%
13th Oct 2011 07:06
Assets under administration at Hargreaves Lansdown fell to £2.1bn from £2.3bn in the quarter ended 30 September 2011 as stock markets tumbled. The wealth management stockbroking firm said first-quarter operating revenue rose 27% to £57.2m while the FTSE All Share index fell 14% during the same peri
Read moreFTSE 100 Movers: Compass hit by broker targets
20th Sep 2011 12:59
Catering firm Compass was one of just a handful of fallers after Goldman Sachs reduced its earnings per share estimate from 39.61p to 39.39p. The broker's rating of the firm remained the same and it also maintained its 715p price target. RBC Capital Markets also cut its earnings forecast, as well as
Read moreBroker tips: Hargreaves Lansdown, Chemring, Berkeley
5th Sep 2011 12:41
After putting its fair value rating on Hargreaves Lansdown on review last week, Singer Capital Markets decided to upgrade the wealth management firm to buy on Monday, "The recent potential U-turn on payments to platforms and share underperformance has presented a long-awaited buying opportunity in
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