UK MARKET TALK ROUNDUP: BROKERS COMMENTS
20th Jul 2010 07:36
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] 0636 GMT [Dow Jones] IG Group's (IGG.LN) preliminary results for the year ended May 31 '10 are in line with the interim manag
Read moreMARKET TALK: IG Group Results In Line; Client Activity Strong
20th Jul 2010 07:36
0636 GMT [Dow Jones] IG Group's (IGG.LN) preliminary results for the year ended May 31 '10 are in line with the interim management statement back in June, says a trader. Says this suggests that client activity is still strong. Says the company seems to have addressed its bad debt issues, which affec
Read moreIG Group Sees More Growth After 2010 Pretax Profit Rises 25%
20th Jul 2010 07:32
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 early June. Reporting on its performance in the year ended May 31, IG Group said it made a GBP157.6 million pret
Read moreIG profits jump by a quarter
20th Jul 2010 07:23
Profits jumped by a quarter last year at spread bet firm IG Group as its bad debt charge tumbled and equity markets settled down after the volatility of 2009. "Market conditions were more mixed during the year. The start of the year saw rising equity markets which gradually settled to a period of r
Read moreEARNINGS PREVIEW: IG Group 2010 Pretax Profit Seen +23%
19th Jul 2010 09:27
IG Group (IGG.LN): Full-Year Earnings (Year ending May 31) Due: July 20 at 0600 GMT Company Survey of 11 Analysts Average Pretax Profit: GBP155.1M, +23% (GBP125.9M in FY 2009) Average Revenue: GBP298.5M, up 16% (GBP257.1M in FY 2009) Note: after a detailed update on the year's performance in Ju
Read moreMARKET TALK: Citigroup Initiates Coverage Of IG Group At Hold
29th Jun 2010 07:17
0617 GMT [Dow Jones] Citigroup initiates coverage of IG Group (IGG.LN) at hold with a 485p price target. Says it is a market-leading business with a strong growth track record. However, says that after a strong 4Q '10 update, its shares are up 17% month-on-month, trading on 13.8x FY '10E and 13x FY
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
10th Jun 2010 10:49
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] 0949 GMT [Dow Jones] Panmure Gordon lifts IG Group (IGG.LN) price target to 500p from 475p following the pre-close trading up
Read moreMARKET TALK: Panmure Lifts IG Group Price Target
10th Jun 2010 10:49
0949 GMT [Dow Jones] Panmure Gordon lifts IG Group (IGG.LN) price target to 500p from 475p following the pre-close trading update. Says revenues in Japan finally look like they are moving upwards. Says this is important for sentiment given the underperformance of this area of this business since acq
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS -2-
10th Jun 2010 10:49
0719 GMT [Dow Jones] UBS Wealth Management says any move by gold below $1,200/oz represents a buy opportunity with the yellow metal likely to trade around $1,500/oz in 12 months time. "Of course, any sharp intensification of the sovereign debt crisis in Europe could propel the gold price even higher
Read moreLondon close: Miners lift Footsie
9th Jun 2010 16:55
Footsie closed with strong gains after a volatile day for the leading share index. Mining stocks dragged the market higher as metal prices bounced on reports of an exports surge in China. A news agency is reporting that China's exports in May were 50% higher than a year earlier. That news has boo
Read moreUK SMALLCAP ROUNDUP:F&C Opposes Commercial Property Trust Merger
9th Jun 2010 16:00
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps F&C ASSET MANAGEMENT PLC (FCAM.LN) said Wednesday it is seeking to stop a commercial property trust it manages from merging with another, in a deal that
Read moreLondon afternoon: Miners drive Footsie higher
9th Jun 2010 14:45
Mining stocks are dragging the market higher as metal prices bounce on reports of an exports surge in China. A news agency is reporting that China's exports in May were 50% higher than a year earlier. That news has boosted demand for the likes of Fresnillo, Kazakhmys, Xstrata and Vedanta. While si
Read moreFTSE 250 movers: Misys takes off
9th Jun 2010 13:55
Shares in financial software provider Misys have taken off after it said it is to return more than $1bn to shareholders after selling the majority of its stake in its Allscripts subsidiary. Volatility in foreign exchange and equity markets and growth in all of its areas of business boosted spread b
Read moreUK SMALLCAP ROUNDUP: First Property Sees Asset Growth
9th Jun 2010 12:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps FIRST PROPERTY GROUP PLC (FPO.LN), a U.K. property fund manager, Wednesday posted a 28% fall in fiscal 2010 pretax profit but said its earnings are set t
Read moreLondon midday: Oil stocks slow Footsie
9th Jun 2010 12:04
The blue-chip index has limped back into the blue despite the weakness of oil stocks. Around three quarters of the market-value weighted index's constituents are higher but with heavy hitters BP, Shell and BG in the red the Footsie is struggling to make headway. BP investors are concerned by the ve
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