FTSE 250 movers: Telecom Plus impresses with annual results
21st May 2014 14:52
Telecom Plus topped the second tier risers today after impressing with an increase in annual profit and revenue as the utility achieved a record increase in customer numbers. The company, which supplies gas, electricity, telephony and broadband, said adjusted pre-tax profit jumped 25.3% to £44.6m a
Read moreBroker tips: Intermediate Capital, UK Mail, Morrisons
21st May 2014 14:06
Profits, but at what cost? That's the question posed by analysts James Hamilton and David McCann at Numis to investors in shares of Intermediate Capital Group. The provider of mezzanine capital on Wednesday revealed a 25% decline in its loan book and a 13% fall in the profitability of its asset man
Read moreNumis cuts price target on Intermediate Capital
21st May 2014 13:52
Profits, but at what cost? That's the question posed by analysts James Hamilton and David McCann at Numis to investors in shares of Intermediate Capital. The provider of mezzanine capital on Wednesday revealed a 25% decline in its loan book and a 13% fall in the profitability of its asset managemen
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 moreIntermediate Capital delivers record annual fundraising
20th May 2014 10:47
Annual fundraising hit a new record at Intermediate Capital Group (ICG), the mezzanine finance provider said on Tuesday. Third party assets under management (AuM) climbed 8% to €10.7bn, while a record level of realisations left total AuM flat at €13.0bn. The realisations generated £1.1bn of cash
Read moreTuesday broker round-up UPDATE
20th May 2014 07:58
Alent: UBS lowers target price from 360p to 355p and keeps a buy recommendation. APR Energy: Investec reduces target price from 1150p to 880p and stays with its hold recommendation. ARM Holdings: Goldman Sachs reduces target price from 1450p to 1400p and stays with its buy recommendation. AVEVA H
Read moreFriday broker round-up UPDATE
22nd Nov 2013 08:04
African Barrick Gold: Westhouse Securities upgrades to neutral with a target price of 170p. Antofagasta: Investec cuts target price from 737p to 716p and keeps a sell recommendation. Bank of Georgia: Numis raises target price from 2101p to 2662p and maintains a buy recommendation. Canaccord Genuit
Read moreIntermediate Capital H1 profits up but shares drop
21st Nov 2013 16:13
Fund manager Intermediate Capital Group (ICG) unveiled higher half-year income and a tie-up with Japanese bank Nomura, but its shares fell after the results fell short of City hopes. ICG said strong fundraising momentum helped it to nearly quadruple pre-tax profit in the six months to September 30t
Read moreFTSE 250 movers: QinetiQ rises on in-line results
21st Nov 2013 15:24
QinetiQ, the defence, security and aerospace company saw its share price rise strongly after it raised its interim dividend per share to 1.4p from 1.1p, due to its confidence that its Organic-Plus strategy will deliver value to shareholders over the medium term on the back of in-line first half resu
Read moreThursday broker round-up UPDATE
21st Nov 2013 09:14
Aggreko: Liberum Capital initiates with a target price of 1500p and a hold recommendation. Antofagasta: UBS reduces target price from 965p to 870p and downgrades from buy to neutral. APR Energy: Liberum Capital starts with a target price of 890p and a sell recommendation. Ashtead Group: Liberum C
Read moreImmediate Capital realises investments in Minimax Viking
27th Aug 2013 08:37
Intermediate Capital Group (ICG), which provides mezzanine finance, has announced the realisation of two of its investments in Minimax Viking, a global supplier of fire protection systems and services. Mezzanine finance is a mix of debt and equity financing that, if not repaid, allows the lender to
Read moreMonday broker round-up UPDATE
1st Jul 2013 07:27
Ashmore Group: Canaccord Genuity lowers target price from 399p to 380p, while its buy recommendation remains unchanged. ASOS: Panmure Gordon increases target price from 4320p to 4555p and retains a buy recommendation. AVEVA Group: Sanlam Securities reduces target price from 2500p to 2325p leaving
Read moreLondon close: Greece rumours spark late sell-off
12th Jun 2013 17:02
Equities dropped into the red for a third consecutive day on Wednesday with renewed political tension in Greece sparked another bout of market volatility. The FTSE 100 finished down 41 points at 6,299, the first time that it has closed below the 6,300 mark since April 22nd. London's benchmark inde
Read moreFTSE 250 movers: Heritage Oil jumps as product ramps back up
12th Jun 2013 15:19
The share price of FTSE 250 upstream exploration and production firm Heritage Oil surged on Wednesday after the company said that production at its OML 30 licence in Nigeria is back at normal levels. Output has now returned to rates of over 35,000 barrels of oil per day (bopd) after falling to just
Read moreLondon midday: Stocks higher as UK unemployment falls, M&A activity in focus
12th Jun 2013 12:04
M&A activity was the theme of the day in London on Wednesday as heavyweight stocks British Sky Broadcasting, Severn Trent and Vodafone grabbed the headlines. Nevertheless, after a choppy start, the FTSE 100 managed to register moderate gains by lunchtime. Helping sentiment this morning was UK unemp
Read more