Intermediate Capital sees profits decline in tough economic climate
21st Nov 2012 08:24
Intermediate Capital Group, the specialist investment firm and asset manager, has reported a significant drop in half year group pre-tax profit (PTP) as a result of the difficult economic climate, but still announced a 0.3p increase in the dividend payment to 6.3p. Although fund management company
Read moreLondon midday: Back to square one
28th Sep 2012 11:37
It is more or less back to square one for Footsie after a bright start. Setiment was boosted early on by consumer confidence data that was not as bad as feared. Consultancy GfK´s consumer confidence gauge for the month of September rose by 1 point in September, to -28. The consensus estimate was
Read moreLondon open: Cautious advance on big day for macro-data
28th Sep 2012 09:05
Leading shares are firmer on balance, helped by consumer confidence data that was not as bad as feared. Consultancy GfK´s consumer confidence gauge for the month of September rose by 1 point in September, to -28. The consensus estimate was for a retreat to -30. The increase in the index comes aft
Read moreLondon pre-open: Footsie to renew assault on 5800
28th Sep 2012 07:29
City sources predict the FTSE 100 will open 28 points up from yesterday's close of 5,779 as markets give a generally positive response to Spain's austerity budget. Spain has pushed through €40bn of new austerity measures, despite violent protests across the country. Premier Mariano Rajoy has put a
Read moreProvisions to be first half weighted at Intermediate Capital
28th Sep 2012 07:11
Intermediate Capital Group, the specialist investment firm and asset manager, said it lent more than it received in repayments in the first half of its financial year. The provider of mezzanine finance and leveraged credit said its Investment Company unit saw realisations in the April to September
Read moreIntermediate Capital mulls bond issue
29th Aug 2012 07:30
Mezzanine finance specialist Intermediate Capital Group is testing the water over a possible fund raising in the bond markets. The company has appointed broker Canaccord Genuity to arrange meetings with retail stockbrokers and wealth managers to discuss a possible sterling denominated retail bond i
Read moreResilient performance at Intermediate Capital
10th Jul 2012 08:08
Assets under management at mezzanine finance specialist Intermediate Capital have headed higher since the end of March. Assets under management are up 3.5% to €11.8bn since the beginning of the company's financial year. On the mezzanine funds side, the group said it is making progress towards the
Read moreTracsis tech officer ditches shares
6th Jun 2012 15:54
Raymond Kwan, the Chief Technical Officer of Tracsis ditched 750,000 shares on the same day the firm announced that it considers it likely that the company will exceed current market expectations for the year ended July 31st 2012. Tracsis is a developer, supplier and aggregator of resource optimis
Read moreLondon close: Stocks drop on Spanish worries
30th May 2012 16:32
- Spain in focus, bond yields surge - Eurozone economic sentiment slips - Miners fall on euro, Chinese concerns London's blue-chip index closed near its intraday low on Wednesday as ongoing concerns over the Eurozone, and particularly Spain, sank global equity markets. "Spain has taken centre sta
Read moreFTSE 250 movers: Essar and Booker lead gains
30th May 2012 15:04
Essar Energy, the India-focused energy company, has said it is not in a position to confirm that its coal block at Mahan in Madhya Pradesh state is among those to have been provisionally approved by officials for stage one forest clearance. Responding to media reports, it said that it believed the
Read moreLondon midday: Surging Eurozone bond yields dent stocks
30th May 2012 11:31
- Bankia and Spain continue to weigh on sentiment - ECB denies interference - Chinese stimulus hopes fade Rising bond yields in the Eurozone periphery and fading hopes of further Chinese stimulus were weighing heavily on European stock markets on Wednesday; resources stocks and banks were heavy fal
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 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 moreTuesday broker round-up - UPDATE
22nd May 2012 09:26
Chamberlin: Charles Stanley maintains buy rating and 175p target. easyJet: Investec upgrades from hold to buy, target hiked from 500p to 670p. HomeServe: Charles Stanley cuts target from 290p to 250p, rating under review; Jefferies maintains underperform rating and 195p target. Inmarsat: UBS cut
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