FTSE 250 movers: Ocado rebounds from yesterday's heavy losses
2nd Jul 2014 15:02
Online grocer Ocado was rebounding strongly after a heavy fall the previous day with analysts at Deutsche Bank providing a lift by upgrading the stock to 'hold'. The company underwhelmed the market with its interim results on Tuesday, but the bank said it now sees limited downside to its target pric
Read moreWednesday broker round-up UPDATE
21st May 2014 08:36
African Minerals: Citi reduces target price from 260p to 190p, while leaving its buy recommendation unchanged. Alliance Pharma: Numis lowers target price from 39p to 37p and maintains an add rating. APR Energy: JP Morgan shifts target price from 1082p to 1089p keeping its overweight rating. Astra
Read moreFTSE 250 movers: Paragon virtues apparent as buy-to-let bounces
20th May 2014 15:48
Buy-to-let lender Paragon Group led the FTSE 250 charge on Tuesday, after first half profits were boosted by rising demand from an uplift in the rental market. Underlying pre-tax profit rose 20% to 57.9m pounds in the first half as it granted more than double the amount of loans, from £102m to £26
Read moreCompensation costs eat into Homeserve's full-year profit
20th May 2014 07:33
- Mis-selling costs knock down profit - Good progress on stabilising UK business - Strong growth in the US, Spain, dividend on hold Home emergency repair group HomeServe said costs related to the mis-selling of insurance products ate into full-year profit but it is confident of future progress as
Read moreHomeServe assures results in line as compensation exercise finishes
26th Mar 2014 07:01
Home emergency and insurance HomeServe confirmed in a trading update that its results remained in line with market expectations. In an update prior to entering its close period at the end of its financial year, the FTSE 250 company said adjusted profit before tax was in line with previous guidance,
Read moreHomeserve agrees FCA fine of 30.6m pounds
13th Feb 2014 08:20
Home emergency repair group HomeServe said Thursday that it had agreed to pay a fine of 30.6m pounds in relation to the Financial Conduct Authority's (FCA) investigation into historic regulatory issues at its UK business. The issues were mainly related to sales and marketing, controls and governan
Read moreLondon close: Markets subdued ahead of policy decisions, US jobs report
5th Feb 2014 16:43
- Economic data from across the globe fails to impress - Policy decisions, US non-farm payrolls being watched - Tullow jumps on bid speculation, AB Foods and RSA rise strongly - Hargreaves Lansdown drops sharply after H1 report techMARK 2,745.01 -0.04% FTSE 100 6,457.89 +0.13% FTSE 250 15,561.38 +0
Read moreFTSE 250 movers: Balfour Beatty boosted by RBC upgrade
5th Feb 2014 14:14
Infrastructure services group Balfour Beatty was among the best performers on the FTSE 250 on Wednesday after RBC Capital Markets upgraded its rating by two notches from 'underperform' to 'outperform', saying that the stock is geared to the recovery in the UK. "We believe that the outlook in its en
Read moreLondon midday: AB Foods and RSA lead markets higher
5th Feb 2014 11:21
- Upside limited after UK, Eurozone data disappoints - Investors cautious ahead of US data, policy decisions - AB Foods rises, RSA appoints Hester as CEO - Hargreaves Lansdown drops after H1 results techMARK 2,756.02 +0.36% FTSE 100 6,465.16 +0.25% FTSE 250 15,589.91 +0.32% UK markets snapped a fi
Read moreLondon open: Stocks higher after five-day losing streak
5th Feb 2014 08:25
- Upside limited ahead of data, policy decisions - Hargreaves Lansdown drops after H1 results - RSA appoints Stephen Hester as CEO techMARK 2,762.78 +0.61% FTSE 100 6,471.41 +0.34% FTSE 250 15,594.12 +0.35% UK markets opened slightly higher on Wednesday morning after five straight days of declines
Read moreHomeserve reiterates full-year guidance
5th Feb 2014 07:30
- Reaffirms full-year profits to be in line with expectations - Making good progress in stabilising its UK business - Continues to grow international business Home emergency insurer Homeserve said it expects adjusted pre-tax profit for the year ending March 31st 2014 to be in line with market expec
Read moreWednesday broker round-up UPDATE
22nd Jan 2014 08:33
Admiral Group: Numis raises target price from 1425p to 1710p upgrading from add to buy. African Barrick Gold: Deutsche Bank moves target price from 180p to 190p and keeps a hold recommendation. RBC Capital takes target price from 220p to 250p and maintains an outperform rating. JP Morgan ups target
Read moreBroker tips: Morrison, Betfair, HomeServe, Defence stocks
13th Jan 2014 12:12
Broker Shore Capital said it expects activist investors to continue to show interest in supermarket group Morrisons as reports suggested it was planning to sell part of its shop portfolio. Shore highlighted claims that US funds such as Elliott Associates had built a stake in Morrisons with a possib
Read moreBroker snap: Numis cuts HomeServe to 'hold' after FCA fine
13th Jan 2014 09:20
Numis Securities has downgraded its rating for home emergency repairs group HomeServe from 'add' to 'hold' after the company received a fine by the Financial Conduct Authority (FCA) over alleged sales and marketing mis-selling. Homeserve said the £34.5m penalty - assuming an early settlement disco
Read moreHomeserve faces 34m pound sales and marketing fine
13th Jan 2014 07:27
Home emergency insurer Homeserve is facing a higher-than-expected 34 million pound fine for alleged sales and marketing mis-selling. Homeserve said the penalty from Britain's Financial Conduct Authority, for issues mainly linked to historic sales and marketing, controls and governance and complaint
Read more