Broker snap: Singer upgrades Hargreaves Lansdown to buy
5th Sep 2011 11:57
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
Read moreFriday tips round-up: Restaurant Group, Hargreaves Lansdown, Hays
2nd Sep 2011 06:48
Restaurant Group operates the Frankie & Benny's, Chiquito and Garfunkel's brands. It showed good form in the half year to early July, growing adjusted pre-tax profits by 7.7 per cent to £24.6m. The group also grew its sales on outlets open at least a year by 3%, adding it had continued this momentum
Read moreLondon close: Stocks close higher after choppy day
1st Sep 2011 16:39
The FTSE 100 finished in the blue having flitted between positive and negative territory for much of the day. Wealth manager Hargreaves Lansdown was the star performer after its results. Assets under administration climbed 41% in the year ended 30 June. The wealth management firm hiked its dividen
Read moreFTSE 100 movers: Banks up, miners down
1st Sep 2011 14:24
Wealth manager Hargreaves Lansdown has raced ahead. Assets under administration climbed 41% in the year ended 30 June. The wealth management firm hiked its dividend by nearly 60%. Elsewhere in finance, RBS, Lloyds and Barclays have powered forward, buoyed by rumours that reform of the banking sect
Read moreBroker tips: Hargreaves Lansdown, DMGT, Hays
1st Sep 2011 12:55
Singer Capital Markets says its fair value rating on wealth management firm Hargreaves Lansdown (HL) is currently under review but has highlighted the group's in-line final results, strong dividend payment and robust current trading. "Considering the increasing volatility of markets towards the com
Read moreBroker snap: Strong performance from Hargreaves Lansdown, says Singer
1st Sep 2011 12:53
Singer Capital Markets says its fair value rating on wealth management firm Hargreaves Lansdown (HL) is currently under review but has highlighted the group's in-line final results, strong dividend payment and robust current trading. "Considering the increasing volatility of markets towards the com
Read moreLondon midday: FTSE 100 falls but RBS leads banking surge
1st Sep 2011 12:30
London's leading share index has drifted into the red following strong gains earlier in the week, but there are still some notable risers. Wealth manager Hargreaves Lansdown has raced ahead. Assets under administration climbed 41% in the year ended 30 June. The wealth management firm hiked its div
Read moreLondon open: Miners drag Footsie lower
1st Sep 2011 08:30
The FTSE 100 began September trading on a dull note, falling lower in the opening minutes on Thursday, with the mining sector largely to blame. The mining sector dropped as copper, gold and silver prices declined. Fresnillo, Lonmin and Randgold Resources were among the worst performers. Sector pe
Read moreLondon pre-open: Flat start in store
1st Sep 2011 07:17
The top-share index is expected to start virtually unchanged, despite another good day for the Dow Jones yesterday in the US. Wealth management firm Hargreaves Lansdown saw underlying profit before tax rise 42% to £129.0m in the year to the end of June from £90.7m the year before. Revenue advanced
Read moreHargreaves Lansdown raises divi by 60%
1st Sep 2011 07:03
Assets under administration at Hargreaves Lansdown climbed 41% in the year ended 30 June, as the wealth management firm hiked its dividend by nearly 60%. The firm, which in 2011 celebrated its 30th year since formation, reported assets under administration of £24.6bn, up from £17.5bn the year befor
Read moreLondon close: Stocks rally but finish lower
26th Aug 2011 16:41
Stocks rallied ahead of the close but finished slightly lower on a day that was dominated by uncertainty surrounding the Federal Reserve annual meeting. The Fed still has tools to stimulate the economy chairman Ben Bernanke said, while declining to provide details as to when they might be used. A
Read moreLondon midday: Stocks slip but share-buying boosts Admiral
26th Aug 2011 12:18
Stocks have drifted into the red amid apprehension ahead of this afternoon's annual meeting of the US Federal Reserve. The results stream has slowed sharply, giving investors an opportunity to digest figures released earlier this week. AMEC, which yesterday reported a strong performance in its min
Read moreLondon open: FTSE 100 falls into red, markets await Bernanke
26th Aug 2011 08:31
The FTSE 100 fell into the red in early trading, with heavyweights AMEC, Resolution and ARM Holdings dragging the blue chip index lower, after a poor performance on Wall Street last night and a mixed session in Asia. Meanwhile, financials were on the rise, with Hargreaves Lansdown, Lloyds, RBS and
Read moreWednesday tips round-up: Barclays, Centamin Egypt, Cookson...
3rd Aug 2011 06:46
On the face of it, Barclays' interim figures were reassuring. Strip out the £1 billion insurance mis-selling bill and the absurd distraction caused by own-debt valuation, and the bank produced a respectable 24 per cent improvement in profits. Like all banks, Barclays faces serious headwinds from adv
Read moreLondon close: Poor start on Wall Street fuels late sell-off
2nd Aug 2011 16:32
A poor start on Wall Street spurred a late decline in London on Tuesday, as the Footsie fell nearly 1% in afternoon trading, despite trading sideward for the majority of the day. The main US equity benchmarks are now trading firmly in the red following worse than expected economic numbers out in t
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