London open: Footsie pulls back as Resolution tanks
20th Jul 2012 08:43
- Resolution drops after cancelling capital return - Footsie edges back from two-month high - Eurogroup to discuss Spanish assistance The FTSE 100 opened firmly in the red on Friday morning, tracking US and Asian markets lower overnight; Resolution and Vodafone were among the worst performers in Lo
Read moreHomeserve continues to make progress at home and abroad
20th Jul 2012 07:59
HomeServe, the international home emergency business, has said it continues to grow its international businesses and is making progress in the UK in simplifying and refocusing the business. As usual, the firm's trading will be weighted towards the second half of the financial year, reflecting the
Read moreLondon close: Stocks rise on hopes for the US economy
18th Jul 2012 16:55
After a tentative start, stocks rallied on Wednesday afternoon on the back of some upbeat comments from Ben Bernanke, the Chairman of the US Federal Reserve. Meanwhile, markets gave a rather muted reaction to the minutes of the latest policy-making meeting in the UK. Bernanke, speaking on the secon
Read moreFTSE 250 movers: Homeserve up despite takeover denial
18th Jul 2012 14:59
Homeserve, the troubled emergency home repairs company, jumped despite denying it is in talks about a possible takeover. Shares were up nearly 13 per cent by mid-afternoon. RPC Group, a supplier of rigid plastic packaging, also rose after it generated first-quarter revenue on a similar level with
Read moreLondon midday: Stocks flat with central banks in focus
18th Jul 2012 11:48
- BoE could consider rate cut in future - UK unemployment falls - Bernanke comments will be closely watched The morning's gains were pared by Wednesday lunchtime as investors digested the minutes of the latest UK policy-makers' meeting and prepared for another testimony from Federal Reserve Chairm
Read moreLondon open: Stocks edge higher ahead of BoE minutes
18th Jul 2012 08:37
- MPC minutes due out shortly - Markets still digesting Bernanke comments - Fresnillo, Ashmore, Schroders lead the risers on the Footsie The FTSE 100 edged higher on Wednesday morning ahead of the Bank of England minutes due out shortly. Meanwhile, a well-received earnings report from Swiss banking
Read moreHomeserve denies takeover talks
18th Jul 2012 07:44
Homeserve, the troubled emergency home repairs company, has denied it is in talks about a possible takeover. The firm has lost 42% of its value this year after becoming embroiled in a mis-selling scandal. Call centre staff appear to have overstepped the mark when selling customers "Complete Cover"
Read moreReThink Group CFO buys 1.4m shares
6th Jul 2012 15:59
Steve Wright, the Chief Financial Officer of ReThink Group, has purchased more than 1.4m shares in the recruitment and technology services firm. Wright purchased the shares at 7.00p each and for a total of £100,000. The company's share price has fallen over 25% in the last year, equal to 2.62p.
Read moreMonday broker round-up
28th May 2012 09:26
888 Holdings: Panmure Gordon reiterates buy rating and 93p target. Aggreko: AlphaValue upgrades from sell to add, target kept at 2,206.5p. Aveva: Panmure Gordon cuts target from 1,670p to 1,590p, hold rating unchanged; Merchant Securities keeps buy rating and 1,800p target. Britvic: UBS cuts targ
Read moreWednesday broker round-up
23rd May 2012 09:29
Barclays: Investec maintains buy recommendation and 240p target. BTG: Jefferies keeps buy rating and 410p target. Burberry: Nomura remains a buyer with a 1,530p target; Merchant Securities keeps hold rating; Investec reiterates buy rating and 1,690p target. Cobham: UBS ups target from 255p to 260
Read moreLondon close: Financials, miners benefit from increase risk appetite
22nd May 2012 16:47
-Risk-on as miners and financials advance -Eurobonds in focus ahead of EU summit -OECD cuts Eurozone GDP forecast The FTSE 100 surged to its highest levels of the day on Tuesday as increased risk appetite bolstered gains for financial and mining stocks. Investors were looking ahead to tomorrow's EU
Read moreFTSE 250 movers: Homeserve gets served
22nd May 2012 15:52
It never rains but it pours at emergency home repairs group HomeServe, as the firm revealed that the Financial Services Authority (FSA) was investigating 'certain historic issues'. "While the shares have decreased by 53% since the suspension of UK sales activities on Oct 31st, they will now remain
Read moreBroker tips: Vodafone, M and S, HomeServe
22nd May 2012 12:12
Nomura has maintained its buy recommendation and 225p target price for telecoms giant Vodafone despite the group's sales guidance being adjusted down. "Vodafone has delivered steady enough full-year results, with guidance reflecting the uncertain outlook, but still committing to a flat cash-flow pe
Read moreLondon midday: Stocks rise ahead of EU summit
22nd May 2012 12:00
- Miners wanted on Chinese stimulus speculation - Fitch downgrades Japanese rating - Markets await EU summit tomorrow, OECD backs eurobonds The FTSE 100 held on to its earlier gains by Tuesday lunchtime as investors look ahead to tomorrow's EU summit with optimism, as pressure builds on Eurozone l
Read moreBroker snap: Charles Stanley puts HomeServe rating under review
22nd May 2012 10:00
Charles Stanley has put its rating for emergency home repairs group HomeServe under review after the firm revealed that the Financial Services Authority (FSA) was investigating 'certain historic issues'. The broker says that the pre-tax profit of £126m for the year ended March 31st was in line with
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