London open: Footsie jumps one per cent early on
22nd May 2012 08:45
- ECB provides 100bn euros to Greece - Markets await EU summit - Miners, financials on the up early on London's blue chips surged in early morning trading on Tuesday as stocks continued to rebound following a poor performance last week ahead of an eagerly awaited summit of European leaders tomorrow
Read moreProfits soar at Intermediate Capital
22nd May 2012 07:48
Intermediate Capital, the mezzanine financing company, has hiked its dividend and grown profits despite strong Eurozone headwinds. Adjusted profits before tax in the 12 months to the end of March were £198.8m compared to £190.1m in the prior year. Earnings per share increased from 32.6p to 47.7p
Read moreFriday broker round-up
20th Apr 2012 08:25
ARM Holdings: Jefferies raises target from 466p to 485p, underperform rating kept. Debenhams: UBS raises target from 75p to 80p, neutral recommendation kept; Nomura ups target from 81p to 90p, neutral rating kept. IMI: Investec maintains buy rating, 1,180p target under review. Intermediate Capita
Read moreIntermediate Capital sees more benign conditions
29th Mar 2012 07:56
Speciality investment firm Intermediate Capital said its funds delivered a strong performance in the year to the end of March, with things looking a little rosier in 2012. While institutional investors remain cautious to make new investments in volatile markets, the more benign economic outlook sin
Read moreThursday tips round up: Tullow, ICG and African Barrick
19th Jan 2012 06:53
Oil explorer Tullow had a rather grim day on the markets yesterday, dropping 6% after announcing technical (and expensive) problems at its most important asset in Ghana. The news will see production numbers come in below expectations this year. On the other hand it is involved in some major plays w
Read moreLondon close: Stocks edge higher on IMF hopes
18th Jan 2012 16:33
- IMF looks to boost lending capacity by $500bn - UK jobless rate rises to 8.4% - Essar bounces back after Indian tax ruling UK stocks finished moderately higher on Wednesday, with reports that the IMF is boosting its lending capacity lifting the mood across European markets. The International Mo
Read moreFTSE 250 movers: Intermediate Capital still on the rise
18th Jan 2012 15:27
Specialist investment firm Intermediate Capital was one of the top risers, extending gains after yesterday's trading statement in which it said assets under management were stable at €12bn in the three months to December 30th. The group also announced today that it will realise a £43m capital gain
Read moreIntermediate Capital to profit from divestment of CPA Global
18th Jan 2012 14:36
Investment firm and asset manager Intermediate Capital Group (ICG) said it has sold its stake in intellectual property management firm CPA Global to European private equity group Cinven. The transaction will generate total proceeds of £387m for ICG and the funds advised by ICG, of which £113m will
Read moreLondon midday: Essar recovery pushes Footsie into the blue
18th Jan 2012 12:01
The Footsie pushed into positive territory in late morning trade, helped the blue chip index nudge above the 5,700 mark, helped by a strong recovery from Essar Energy and a well-received trading update from Man Group. Nevertheless, investors are keeping a close eye on Athens today as Greek private
Read moreWednesday newspaper round-up: BoE, Greece, Intermediate Capital
18th Jan 2012 06:36
The Bank of England was plunged into a row with MPs last night after it rebuffed calls for a sweeping overhaul of the way that it is governed. The Bank published a plan for an oversight committee to review the way it makes decisions, as it prepares to take on new powers to monitor and regulate the f
Read moreIntermediate Capital seeing European banks "retrench"
17th Jan 2012 10:22
Intermediate Capital (ICP), the specialist investment firm with €12bn under management, says it saw depressed levels of private equity activity in Europe in the final quarter of 2011. The firm also says leveraged buyouts are decreasing as European banks "retrench". ICP says money is now flowing in
Read moreBroker snap: Credit Suisse cuts Ashmore, F&C and Jupiter
6th Jan 2012 09:56
Analysts at Credit Suisse have this morning decided to downgrade several of the UK´s fund managers as part of a wider reassessment of European asset managers. While they admit that equity market performance recovered strongly globally during quarter four they also, "expect investors to remain caut
Read moreBroker tips: Vectura Group, Intermediate Capital Group, BT Group
25th Nov 2011 12:08
Analysts at Singer Capital write today that, "NVA237 (COPD) has been filed with Japanese regulators by Vectura's development partner Novartis. In addition Vectura has highlighted a respiratory-based copromotion agreement between Novartis and Japanese company Eisai, whereby the latter will help marke
Read moreBroker snap: C.Suisse sees opportunities for Intermediate Capital
25th Nov 2011 11:51
Analysts at Credit Suisse have this morning cut their price target for shares of Intermediate Capital Group to 225p from 380p, but while retaining their outperform recommendation. The above action has been taken after modifying their forecasts for profits before taxes for fiscal year 2012 by 5%, t
Read moreFriday broker round-up: Atkins WS, Johnson Matthey, BT
25th Nov 2011 09:58
Atkins WS: UBS reiterates neutral, raises price target to 600p from 560p. Johnson Matthey: UBS reiterates buy, ups target to 2015p from 1915p. Lloyds: UBS reiterates buy, lowers target to 55p from 60p. BT Group: Credit Suisse reiterates outperform. Intermediate Capital Group: Credit Suisse reite
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