London close: American tech giants weigh on global equities
19th Jul 2013 18:04
London's benchmark index closed at 6,631 on Friday, down by 4 basis points. The S&P 500 and Dow Jones closed at fresh all-time highs last night on the back of positive economic data and a raft of corporate earnings which came in better than expected. After the closing bell however, tech giants Goog
Read moreFTSE 100 movers: IMI gains after Citi comments
19th Jul 2013 11:56
Engineering firm IMI was a high riser on the Footsie on Friday after Citigroup named it a 'Most Preferred' stock. The broker said: "We see further significant margin upside at IMI, driven by both mix and restructuring. A strong balance sheet and yield are both supportive, too." In contrast, techn
Read moreLondon midday: FTSE 100 pulls back from seven-week high
19th Jul 2013 11:25
Mining stocks were among the worst performers on Friday morning, providing a drag on the FTSE 100 as risk appetite declined following the index's seven-week high reached the day before. London's benchmark index closed at 6,634 on Thursday; the last time the index finished higher was on May 30th whe
Read moreTuesday broker round-up UPDATE
14th May 2013 08:04
Babcock International: Jefferies increases target price from 1080p to 1250p and maintains a buy recommendation. Barratt Developments: Bank of America takes target price from 265p to 325p, while downgrading to neutral. Belgravium Technologies: WH Ireland places both its target price and its neutral
Read moreFriday tips round-up: Hammerson, McBride, IMI
10th May 2013 07:40
FTSE 100 retail property developer Hammerson yesterday delivered a mixed trading update. However, the company does seem to have a good long-term strategy in place, of exiting the London office market in favour of local retail space, which - it must be said - goes against current received wisdom. To
Read moreLondon close: Stocks settle higher after mixed batch of data
9th May 2013 16:42
Market Movers techMARK 2,448.55 +0.44% FTSE 100 6,592.74 +0.14% FTSE 250 14,281.62 +0.62% The FTSE settled in positive territory after a day of mixed data both at home and abroad. Earlier on in the day stocks had slipped after traders were caught somewhat off-guard by the higher-than-expected con
Read moreSector movers: Engineers galvanised by industrial data
9th May 2013 15:12
Engineers Weir and IMI led a charge by the industrial engineering sector, heartened by positive news of UK industrial production. Beating expectations of a modest 0.2% gain, UK industrial production output rose by 0.7% month-on-month in March, according to the latest data out from the Office for
Read moreFTSE 100 movers: Experian, IMI, BSkyB, ENRC
9th May 2013 14:17
Credit checking giant Experian topped the FTSE Thursday after reporting full-year sales growth across all its global markets, particularly in Latin and North America. In the year to end-March, the company saw revenues from continuing activities rise six per cent to 4.7bn dollars, with earnings befor
Read moreBroker tips: Experian, IMI, Morrison
9th May 2013 12:31
Credit checking giant Experian delivered full-year results in line with expectations as sales grew across all its global markets. However, analysts at Canaccord Genuity said the company's stock is "expensive and increasingly risky", recommending a 'sell' rating and target price of 898p. The broke
Read moreBroker snap: IMI remains a well managed business, says Jefferies
9th May 2013 11:32
Jefferies International analysts said IMI remains a "good, well managed business" despite a slow start to the year for the engineering company. IMI reported a 3.0% drop in group revenue in the four months to April, reflecting poor commercial vehicle sales in Europe and the US. However, the group re
Read moreIMI suffers trucking reverse
9th May 2013 08:08
Engineer IMI endured a slow start to the year, hit by poor commercial vehicle sales in Europe and the US. Organic group revenues fell 3.0% in the four months to April, or just 1.0% if exchange rate movements and acquisitions are excluded, but the group remained confident it would deliver progress o
Read moreThursday broker round-up UPDATE
9th May 2013 07:23
Alkane Energy: Liberum Capital initiates with a target price of 44p and a buy recommendation. Anite: Panmure Gordon shifts target price from 170p to 171p and maintains a buy recommendation. Atkins: Credit Suisse raises target price from 770p to 822p, but downgrades to underperform. Avacta Group:
Read moreFTSE 100 movers: ENRC rockets on possible takeover plans
19th Apr 2013 16:01
Mining stocks were performing well as investors sought gains after a volatile week for the sector. Vedanta, EVRAZ and Fresnillo were all making decent gains by mid-afternoon. ENRC shares surged Friday after major shareholder Alexander Machkevitch said he was considering a takeover bid for the Kaza
Read moreLondon close: Footsie tracks gains on Wall Street
11th Apr 2013 17:25
After a tentative start the Footsie finished the Thursday session firmly in positive territory, tracking the renewed rise in Wall Street shares to near their best levels of the day and extending its recent winning streak to a fourth day despite some steep falls in the heavyweight mining sector. Ren
Read moreFTSE 100 movers: Miners rise on Chinese hopes
10th Apr 2013 15:26
Mining stocks were on the up on hopes over Chinese domestic demand with Vedanta, EVRAZ, ENRC and Rio Tinto making decent gains. Vedanta was leading the way after reporting an increase in full-year production across oil and gas, copper, aluminium, lead and silver. Budget airline easyJet surged earl
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