Hika Pharma promoted to FTSE 100 but Tullow Oil gets kicked out
5th Mar 2015 15:01
Hika Pharmaceuticals and Tullow Oil are switching places at start of the second quarter of this year as the FTSE Group reshuffles components across its leading London benchmarks. In its quarterly review, the FTSE Group have outlined which companies have been promoted or demoted from its indices. The
Read moreApple suppliers hit by reported iPad production delay
5th Mar 2015 14:48
Companies that supply components to Apple have reportedly been warned of a delay to production of its new larger-screen iPad tablet. The technology giant told suppliers its intended first-quarter start date had been pushed back to the second half due to the integraton of new features, according to s
Read moreSector movers: Apple results give UK tech stocks a boost, ARM rises
28th Jan 2015 15:27
Forecast-busting results from US smartphone and tablet giant Apple gave London-listed tech shares a boost on Wednesday, especially those of supplier ARM Holdings. ARM, the semiconductor and software design firm whose chips are used in Apple's iPhones, was bolstered by the news that the California-ba
Read moreBroker tips: Tesco, Friends Life, Imagination Technologies
18th Dec 2014 11:34
Shore Capital has welcomed new measures by Tesco to "crank up the customer service" ahead of Christmas, suggesting that competition from the rival discounters may be waning. Looking ahead of the all-important shopping week before Christmas, analyst Clive Black said that while the Big Four will likel
Read moreNumis downgrades Imagination Technologies despite H1 outperformance
18th Dec 2014 10:22
Numis Securities is recommending investors to sell shares of Imagination Technologies Group (IMG) despite the chip group beating the market's forecasts with its first-half results, saying that its concerns about the business still remain. The broker lowered its rating from 'reduce' to 'sell', saying
Read moreWednesday tips round-up: Domino Printing, Imagination Technologies
17th Dec 2014 22:41
Domino Printing would seem to enjoy both a favourable outlook and a predictable business model. The firm, whose printers produce labels for consumer goods companies, believes it can grow at above the trend rate of global GDP going forward. Increased urbanisation and government regulations on sell-by
Read moreWednesday tips round-up: Domino Printing, Imagination Technologies
17th Dec 2014 22:15
Domino Printing would seem to enjoy both a favourable outlook and a predictable business model. The firm, whose printers produce labels for consumer goods companies, believes it can grow at above the trend rate of global GDP going forward. Increased urbanisation and government regulations on sell-by
Read moreLondon close: Shares soar on upbeat Eurozone and bank news
16th Dec 2014 16:26
London shares bounced back on Tuesday in the wake of some long-awaited upbeat economic data in the Eurozone and positive news for UK banks. The FTSE 100 Index climbed 149.11 points to 6331.83 as Markit's purchasing managers' index (PMI) for euro-area manufacturing rose to 50.8 in December from 50.1
Read moreBroker tips: UK banks, BT, Imagination, Gulf Keystone
16th Dec 2014 11:54
Shore Capital has said that the result of the Bank of England's (BoE) stress tests on UK banks was "a bit of a non-event" with all of the listed lenders passing as expected. "Overall, we do not expect the results of the stress test to have a material impact on the share prices of the large UK quoted
Read moreImagination Technologies impresses Investec with margin guidance
16th Dec 2014 11:13
Imagination Technologies' shares surged on Tuesday after the chip company beat forecasts with its first-half results and impressed with its outlook, prompting positive comments from Investec. The broker said that the interim figures were slightly ahead of its expectations with group revenues down ju
Read moreImagination Technologies H1 in line, sees much stronger H2
16th Dec 2014 07:57
Graphics and video microchip maker Imagination Technologies posted lower first-half revenue and profits, but reported good first-half progress and said the second six months should be much stronger. Imagination, which makes chips for the likes of Fujitsu, Intel, Texas Instruments and Toshiba, said g
Read moreTuesday preview: Chinese manufacturing data ahead
15th Dec 2014 18:12
The flow of economic data will pick up considerably tomorrow, with a raft of figures on the state of the global manufacturing sector scheduled for release. First out of the blocks will be the preliminary reading for the HSBC/Markit Chinese manufacturing sector purchasing managers' index for the mont
Read moreThursday broker round-up UPDATE
30th Oct 2014 08:36
Afren: Deutsche Bank cuts target price from 130p to 110p retaining its hold recommendation. Antofagasta: JP Morgan lowers target price from 760p to 755p and reiterates a neutral rating. Investec lowers target price from 717p to 704p and keeps a hold recommendation. Balfour Beatty: Jefferies cuts ta
Read moreSector movers: Weak earnings from IBM weigh on UK tech stocks
20th Oct 2014 13:52
Disappointing results from US tech titan IBM were weighing on hardware and equipment stocks this side of the Pond on Monday. IBM reported a profit of just two cents a share for the three months to 30 September, compared with $3.68 a year earlier, on revenues that declined to $22.4bn from $23.3bn. A
Read moreOil, Life Insurance and Banking would pay steepest price for independence, Liberum says
18th Sep 2014 12:54
In a research note published on Thursday afternoon Liberum explains to clients that in the event of Scotland voting in favour of independence then the worst affected sectors would be: Oil, Life Insurance and Banking. The analysts base their call on what happened following the mini-scare of 8 Septemb
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