London open: Footsie falls as retailers suffer
9th Sep 2010 08:27
Shares are slightly lower in early dealings after updates from the retail sector were given a frosty reception. Supermarket Morrisons falls back even though it posted profits broadly in line with expectations for the six months to August 1. It also unveiled a move into the convenience store market
Read moreIG Group cautious despite higher revenues
9th Sep 2010 08:07
Spread-betting firm IG Group saw higher revenues in the three months to August 31, but said that volumes were subdued in the second half of that period and warned that future trends remain difficult to predict. Revenues were up to £79m from £68m in the same period the previous year. IG said that vo
Read moreThursday preview: Morrisons, Redrow, BoE rate decision
8th Sep 2010 17:40
Supermarket chain Wm. Morrison releases interim figures on Thursday, the first results to be released since Dalton Philips first sat down in the chief executive's chair back in late March. "Philips is expected to present his initial thoughts on the business, rather than a full-blown strategic revie
Read moreFTSE 250 movers: Confident Colt leads the way
22nd Jul 2010 13:21
Colt Group has shot ahead after the business communications specialist said it is seeing caution give way to increased confidence for the second half of 2010. Pub group Mitchells & Butlers after sales growth slowed during the football World Cup as viewers opted to watch the matches at home or in mo
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
21st Jul 2010 16:03
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1503 GMT [Dow Jones] Cannacord raises its target price for IG Group (IGG.LN) to 520p from 485p, and keeps a buy rating "to
Read moreMARKET TALK: Canaccord Lifts IG Group Target Price To 520P
21st Jul 2010 16:03
1503 GMT [Dow Jones] Cannacord raises its target price for IG Group (IGG.LN) to 520p from 485p, and keeps a buy rating "to reflect slightly faster revenue growth assumptions," which it pegs at 12% to 13% a year over the next few years. IG Group stock is up 10% at 488p, also helped by an earlier targ
Read moreFTSE 250 movers: SSL surges on Reckitt bid
21st Jul 2010 14:48
Shares in SSL, the maker of Durex condoms and Scholl foot care products, soared after a bid from Reckitt Benckiser, the maker of household products such as the cleaning agent Cillit Bang and Nurofen painkillers. Reckitt will pay SSL shareholders 1,163p per share with a final dividend taking the tot
Read moreMARKET TALK: BofA Merrill Lynch Raises IG Group Price Target
21st Jul 2010 10:46
0946 GMT [Dow Jones] Bank of America Merrill Lynch raises IG Group (IGG.LN) price target to 500p from 480p following an encouraging start to FY'11 and slightly more favorable forex effects than previously estimated. BofA Merrill notes current trading remains strong and reckons the company is well po
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
21st Jul 2010 10:46
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0946 GMT [Dow Jones] Bank of America Merrill Lynch raises IG Group (IGG.LN) price target to 500p from 480p following an en
Read moreWednesday tips round-up: Severn Trent, William Hill, Enterprise Inns
21st Jul 2010 06:43
The betting is the water industry as a whole will have little trouble outpacing the regulatory settlement, while Severn Trent will actually do better than most if inflation climbs. The sector remains a strong defensive play, and Severn shares are themselves yielding about 5.2% on this year's lower p
Read moreBroker tips: William Hill, Autonomy, IG
20th Jul 2010 11:37
The online division of bookmaker William Hill is starting to deliver on its potential in the view of KBC Peel Hunt which thinks that the shares look cheap from an historical perspective. "Given the results produced by some of the pure online players, WHO's [William Hill Online] 24% growth in revenu
Read moreBroker snap: IG ripe for profit-taking
20th Jul 2010 11:06
Following a good run for the share price Singer Capital Markets is contemplating revising its buy recommendation for IG Group despite the spread betting firm delivering full year results in line with expectations. The broker has bumped up its price target from 440p to 485p, and said it still likes
Read moreUPDATE: IG Group Sees More Growth After Strong 2010
20th Jul 2010 08:39
(Adds executive and analyst comment.) By Margot Patrick Of DOW JONES NEWSWIRES LONDON (Dow Jones)--IG Group PLC (IGG.LN) Tuesday said its new fiscal year has started well, as May's market volatility continued into June and July. Reporting on its performance in the year ended May 31,
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
20th Jul 2010 07:52
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0652 GMT [Dow Jones] IG Group (IGG.LN) reports strong fiscal 2010 growth, says UBS, though most of the figures were announced
Read moreMARKET TALK: IG Group Turns In Strong Growth - UBS
20th Jul 2010 07:52
0652 GMT [Dow Jones] IG Group (IGG.LN) reports strong fiscal 2010 growth, says UBS, though most of the figures were announced in June so it was already well-flagged. A final dividend of 13.5p beat the bank's expectations, though, and it expects the strong growth to continue in the medium term, parti
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