IG revenues slow as clients calm down over euro debt - UPDATE
13th Dec 2011 10:58
IG Group, the spread betting firm, has seen revenue growth slow in its second quarter as the appeal to clients of increased volatility in the Eurozone appears to have diminished slightly. Total revenues for the six months to the end of November are expected to be £195.6m, up over 25% on the equival
Read moreTuesday broker round-up - UPDATE
13th Dec 2011 09:54
Amec: Citi upgrades to buy from sell. Royal Dutch Shell: Citi downgrades to neutral from buy. Petrofac: Investec reiterates buy, 1,705p target under review. Petrofac: Evolution Securities reiterates add and 1,700p target. Whitbread: Evolution Securities keeps buy rating and 1,800p target. Whitb
Read moreWednesday tips round-up: Construction, ITE, IG Group ...
30th Nov 2011 07:34
Much has changed since the Independent's Investment Column looked at spread betting firm IG Group. For one thing, the economic outlook has turned darker, making IG's chunky prospective dividend yield of 5% (and higher on some estimates) look that much more attractive, the Indy reckons. The income, a
Read moreLondon close: Footsie nudges higher, Ecofin meeting eyed
29th Nov 2011 16:37
The FTSE 100 nudged higher in afternoon trading after swinging between gains and losses all day, as some better-than-expected US economic data boosted equities stateside. Lifting sentiment late on was the Conference Board's consumer confidence index which rose from a revised 40.9 in October to 56 t
Read moreFTSE 250 Movers: Premier Foods tops the charts
29th Nov 2011 15:52
After its recent dramatic falls in its share price, Premier Foods continued to build on the 28% gains it has made over the past month. Spread betting pioneer IG Group was also on the up after it saw a high level of client activity in the second quarter of its financial year, continuing the trend s
Read moreBroker tips: IG Group, Mothercare, Business service stocks
29th Nov 2011 12:58
Prime Markets recommends buying shares in IG Group, saying that the European sovereign debt crisis creates "ideal conditions" for the spread-betting firm. The group said this morning that it has continued to see high levels of client activity during its second quarter and first half revenues will b
Read moreLondon midday: Modest gains ahead of Osborne speech
29th Nov 2011 12:01
With US stock futures pointing to a positive start on Wall Street, London's FTSE 100 index reversed its earlier losses to trade modestly in the blue by midday on Tuesday. All eyes have turned to the Chancellor of the Exchequer, ALL EYES ON GEORGE George Osborne is to make his Autumn statement at
Read moreBroker snap: Debt crisis 'ideal' for IG, says Prime Markets
29th Nov 2011 11:45
Prime Markets recommends buying shares in IG Group, saying that the European sovereign debt crisis creates "ideal conditions" for the spread-betting firm. The group said this morning that it has continued to see high levels of client activity during its second quarter and first half revenues will b
Read moreTuesday broker round-up - UPDATE
29th Nov 2011 09:15
Senior: Credit Suisse keeps at neutral, raises target to 175p from 165p. Icap: Credit Suisse keeps at outperform, lowers target to 420p from 510p. G4S: HSBC upgrades to overweight from neutral. Rio Tinto: UBS cuts target from 6,000p to 5,650p, buy rating kept [28 November]. BP: Nomura keeps neut
Read moreLondon open: Miners and banks prove a drag
29th Nov 2011 08:36
Investors are generally holding their fire ahead of this afternoon's Autumn statement from the Chancellor of the Exchequer, George Osborne. The Footsie gives back a few of the gains made yesterday, largely as a result of the weakness of miners, while banks are also off the boil. PUTTING ON A SHOW
Read moreRevenues up 23% at IG Group
29th Nov 2011 07:14
Spread betting pioneer IG Group saw a high level of client activity in the second quarter of its financial year, continuing the trend seen in the first. As a result, the group currently expects to achieve revenues in excess of £193.0m for the first half, compared to £156.7m in the corresponding per
Read moreWednesday tips round-up: Abcam, National Express, IG
14th Sep 2011 06:34
Abcam initially produced primary antibodies, tools used in genetic research. Four fifths of its products go into laboratories and other research facilities funded by the public purse, which is a weakness. The company floated on AIM in 2005 with a market capitalisation of £57.5 million and is now wor
Read moreLondon close: Good gains as FTSE 100 rallies
13th Sep 2011 16:58
Stocks rediscovered their earlier buoyancy to finish with strong gains as hopes of a resolution of the euro crisis attracted buyers. Today's big mover, Cairn Energy, fell sharply after reporting disappointing results from its drilling campaign offshore Greenland, with one well coming up dry and ano
Read moreLondon midday: Eurozone worries resurface
13th Sep 2011 12:07
This morning's bright start seems a distant memory now, with shares firmly in the red as worries over the Eurozone situation take centre stage again. Today's big mover, Cairn Energy is sharply lower after reporting disappointing results from its offshore drilling campaign offshore Greenland, with o
Read moreLondon open: M&B leads the rise after offer rejection
13th Sep 2011 08:32
Reports that China is planning to provide support to the Eurozone helped UK stocks higher on Tuesday morning, following a late recovery on Wall Street last night. Wall Street's rally was prompted by reports that Italy's government is negotiating with the Chinese government in the hope that Beijing
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