London open: Stocks flat as investors turn cautious ahead of Fed
18th Sep 2013 08:16
Markets opened broadly flat on Wednesday morning as investors refrained from building positions ahead of the conclusion of this month's all-important Federal Reserve policy meeting. However, with an announcement from the US central bank not due out until after markets close this evening, there will
Read moreWednesday share tips: IG Group, Galliford Try
18th Sep 2013 07:27
Analysts get paid to make forecasts, but it seems a bit of a stretch to put too much weight behind revenue forecasts from some of them which extend out to May 2016. These ultimately depend on where markets will be by then. Hence, it would seem fair to say that IG Group has absolutely no forward visi
Read moreTuesday broker round-up UPDATE
17th Sep 2013 08:56
Aggreko: Credit Suisse reduces target price from 2000p to 1400p and downgrades from neutral to underperform. Antofagasta: WH Ireland downgrades to neutral. Associated British Food: Nomura moves target price from 1650p to 1670p staying with its reduce rating. Aviva: Berenberg downgrades from hold
Read moreIG Group reports 'solid start' to year
17th Sep 2013 08:16
IG Group, the financial derivatives trader, said the first quarter delivered a 'solid start' to the year, but warned it should be considered in light of a weak comparative quarter and the particularly strong second half of the prior year. The quarter, which covered the three months ended August 3
Read moreIG Group CEO sells 5.1m-pound stake
25th Jul 2013 15:57
Tim Howkins, the Chief Executive Officer of spread-betting firm IG Group, sold over five million pounds-worth of shares in the company this week, just one day after the firm unveiled record annual profits. Howkins, who joined IG as Finance Director back in 1999, disposed of a total of 903,103 share
Read moreWednesday tips round-up: IG Group, Apple, Hargreaves Services
24th Jul 2013 06:46
Spread-betting company IG Group had a subdued first half but things have improved significantly as worries over withdrawal of quantitative easing in the US and a collapse in the price of gold encouraged trading on the group's platform, The Telegraph's Questor column pointed out. Revenues finished t
Read moreIG Group warns of higher costs this year
23rd Jul 2013 15:53
Shares in spread-betting and CFDs provider IG Group were under pressure on Tuesday despite the firm reporting record annual profits, as the company warned of higher costs during the current financial year. IG labelled the results for the year ended May 31st as "satisfactory" with revenue down 1.4%
Read moreWednesday broker round-up UPDATE
12th Jun 2013 07:55
Aberdeen Asset Management: Canaccord Genuity cuts target price from 460p to 440p, while leaving its buy recommendation unchanged. ASOS: Canaccord Genuity downgrades to hold with a target price of 3400p. BT Group: Credit Suisse increases target price from 300p to 350p and maintains an outperform ra
Read moreIG Group full revenue to slip one per cent
11th Jun 2013 08:35
Interdealer broker IG Group said fourth quarter revenue is expected to be eight per cent ahead of the prior year while revenue for the full year is expected to decline one per cent. The group said trading revenue of £104.3m is expected for the final quarter of the year compared to £96.2m, bringing
Read moreTuesday broker round-up UPDATE
4th Jun 2013 07:25
Afren: Goldman Sachs shifts target price from 224p to 221p keeping a buy recommendation. Alent: Goldman Sachs initiates with a target price from 426p and a buy recommendation. Amerisur Resources: Goldman Sachs moves target price from 65p to 82p and stays with its neutral rating. Bahamas Petroleum
Read moreThursday broker round-up UPDATE
14th Mar 2013 07:11
Amara Mining: After having been under review, Cantor Fitzgerald reinitiates coverage with a price target of 81p and a buy recommendation. Antofagasta: Citigroup shifts target price from 990p to 1000p, but retains its sell recommendation. Ashtead Group: Investec raises target price from 475p to 700
Read moreWednesday broker round-up UPDATE
13th Mar 2013 08:28
Afren: UBS raises target price from 160p to 200p and reiterates a buy recommendation. African Barrick Gold: Westhouse Securities reduces target price from 255p to 195p and keeps a sell recommendation. Antofagasta: Deutsche Bank lowers target price from 1260p to 1150p, while staying with its hold r
Read moreLondon close: Stocks gain as markets shrug off gloomy production data
12th Mar 2013 16:52
In spite of some dismal production data from the UK, the FTSE 100 finished Tuesday's session slightly higher as the benchmark index continues to set fresh five-year highs. Copper producer Antofagasta was providing a lift in London, rising on the back of its strong 2012 results, while IAG gained on
Read moreFTSE 250 movers: Kenmare Resources, IG Group, SDL, St James Place
12th Mar 2013 14:35
Kenmare Resources shares soared after the operator of the Moma titanium minerals mine in Mozambique revealed a considerable rise in profits and revenues. IG Group Holdings advanced as the financial services firm posted an 18% increase in revenues for the third quarter of the 2013 financial year.
Read moreLondon midday: Markets flat despite dismal UK production figures
12th Mar 2013 11:28
The FTSE 100 managed to hold on to recent gains on Tuesday morning as traders shrugged off some disappointing domestic economic figures. London's benchmark is continuing to hover around the 6,500 mark, a level not seen since late 2007 before the financial crisis sparked a sell-off in financial mark
Read more