London midday: Miners drag the Footsie lower
25th May 2012 11:30
-Miners erase gains for Footsie -German consumer confidence holds steady -Greek polls show uncertainty With miners extending losses, the Footsie had slipped to below where it started by Friday lunchtime, as the uncertain future of Greece continues to cloud the outlook for the global economy. Stock
Read moreLondon open: German confidence data boosts stocks
25th May 2012 08:28
The FTSE 100 edged higher in early trade on Friday morning on a relatively quiet day for company news after German consumer confidence data lifted sentiment. GfK said that its forward-looking German consumer confidence index held steady at 5.7 points for June, unchanged from May. "Consumer sentimen
Read moreLondon pre-open: Small rise expected in early trading
25th May 2012 07:29
City sources predict the FTSE 100 will open up three points from yesterday's close of 5,350, holding onto strong gains made in Thursday's session, buoyed by good gains made in the US. Support services and construction group Interserve has unveiled two new contract wins. The first is a £50m contra
Read moreFormer Unilever boss to check in as new Chairman of IHG
25th May 2012 07:03
Holiday Inn and Crowne Plaza owner InterContinental Hotels Group (IHG) has announced that its long-serving Chairmanm David Webster, is to retire at the end of 2012. Webster has been IHG's Chairman since January 2004 and a member of the board since April 2003. "My time with IHG has truly been a ca
Read moreThursday broker round-up
10th May 2012 09:28
Abcam: Canaccord Genuity reiterates hold recommendation and 370p target. Aveva: UBS upgrades from sell to neutral, 1,600p target unchanged. BAE Systems: AlphaValue upgrades from add to buy, target raised from 342.7p to 343.4p. BT: Jefferies keeps buy recommendation and 268p target; Nomura reitera
Read moreBroker tips: HSBC, Sage, IHG
9th May 2012 11:10
Nomura has reiterated its buy recommendation and 650p target price for global banking giant HSBC, saying that consensus forecasts may increase slightly following the firm's first-quarter results yesterday. "The HSBC Q1 figures are unlikely to change perceptions of the group materially, in our view.
Read moreBroker snap: IHG outperformed in first quarter, says Investec
9th May 2012 11:09
Investec has reiterated its buy rating and 1,700p target price for Crowne Plaza and Holiday Inn owner InterContinental Hotels Group (IHG) after first-quarter numbers came in well ahead of its forecasts. "IHG has continued to benefit from an exceptionally strong continued worldwide recovery in hotel
Read moreWednesday broker round-up
9th May 2012 10:03
Anglo American: AlphaValue upgrades from add to buy, target cut from 2,767.9 to 2,731.3p. ARM Holdings: AlphaValue upgrades from sell to reduce, target cut from 459.7p to 458.7p. Balfour Beatty: Investec keeps sell recommendation and 210p target. Centamin: Investec keeps buy rating and 95p target
Read moreIHG sees strong growth in Americas, China
9th May 2012 07:28
Hotels group InterContinental Hotels saw solid revenue per available room (RevPAR) growth in the first quarter of 2012, helped by an increase in rates and occupancy, as well as strong performances in the Americas and China. The Crowne Plaza and Holiday Inn owner, which has 4,500 hotels in its portf
Read moreWednesday preview: Sainsbury, ITV, IHG, easyJet
8th May 2012 15:55
Results from Sainsbury on Wednesday may give some pointers whether sector leader Tesco is finally rousing from its slumbers in the UK. Results from Morrisons in the first week of May showed that supermarket chain suffering its first year-on-year fall in like-for-like (LFL) sales since the time it b
Read moreFriday broker round-up
4th May 2012 09:21
AstraZeneca: UBS raises target from 3,400p to 3,500p, buy rating unchanged. BG Group: Nomura cuts target from 1,950p to 1,850p, buy rating kept. British Land: Jefferies upgrades British Land from hold to buy, targetupped from 517p to 543p. Dairy Crest: Jefferies initiates coverage with a buy reco
Read moreBroker snap: Credit Suisse upgrades IHG to outperform
2nd May 2012 15:28
Credit Suisse has raised its rating for Crowne Plaza and Holiday Inn owner InterContinental Hotels (IHG) from neutral to outperform 'given sustained trading momentum and as the balance sheet is put to work.' "We view IHG as the highest quality business in the European hotel sector given its high an
Read moreWednesday broker round-up - UPDATE
2nd May 2012 08:37
BP: Jefferies cuts target from 550p to 525p, buy rating kept. British Sky Broadcasting: Jefferies reiterates hold rating and 700p target; Nomura maintains buy rating and 1,000p target. CSR: UBS upgrades from neutral to buy, target lifted from 290p to 310p. Halma: Barclays Capital downgrades from
Read moreLondon midday: Losses pared but Footsie still down
19th Mar 2012 11:42
- Greece 'more than halfway' along path to recovery - Vodafone up on tax benefit reports from CWW takeover - Misys jumps on recommended bid from Vista Losses were halved by lunchtime but the Footsie still remained in the red on a relatively quiet day for company results and economic data. Markets a
Read moreLondon open: Stocks fall, Misys jumps after Vista offer
19th Mar 2012 08:25
- Misys up seven per cent after 350p-a-share Vista offer - Burberry weighed down by French tax reports - Markets looking ahead to Wednesday's Budget The Footsie fell into the red in early trading on Monday, with the market looking ahead to Wednesday's Budget. "We have entered the doldrums of marke
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