London pre-open: Footsie to back off
21st Oct 2010 07:36
A small dip is expected in London this morning, replicating performances across Asia where traders mulled a decline in Chinese growth during the third quarter. The FTSE 100 is seen about 10 points lower in early deals. China said annual GDP slowed to 9.6% in the third quarter from 10.3% in the seco
Read moreInchcape lifts guidance after strong quarter
21st Oct 2010 07:03
Car dealer Inchcape expects its results for 2010 to be ahead of expectations after a better than expected performance in the third quarter. Revenues in the nine months to September 30 were up by 7.6% from the same period the previous year, the company said. The company said it has seen a slowdow
Read moreLondon close: US gloom offsets company cheer
29th Jul 2010 16:33
Footsie closed slightly in the red, despite starting well on the back of well-received company updates, as weakness in the US spread across the Atlantic. AstraZeneca closed sharply higher. The group's potential blockbuster heart drug Brilinta has received the backing of a US advisory panel just as
Read moreLondon afternoon: Footsie off the top
29th Jul 2010 14:28
The Footsie drifted lower over the lunch time session though still remained in positive territory, thanks in large part to enthusiastic responses to results from heavy hitters AstraZeneca, BT and Reed Elsevier. AstraZeneca is sharply higher. The group's potential blockbuster heart drug Brilinta has
Read moreLondon midday: PartyGaming jumps on bwin merger
29th Jul 2010 11:57
Company results have given traders plenty to ponder and shares are broadly higher, but online betting group PartyGaming is the star performer after announcing a merger with Austrian rival bwin. PartyGaming said the merger would create the world's largest listed online gaming business. Elsewhere i
Read moreUPDATE: Inchcape To Recommend Final Dividend After Profit Soars
29th Jul 2010 10:26
(Adds comment, details) By Kaveri Niththyananthan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--International automotive distributor and retailer Inchcape PLC (INCH.LN) Thursday said that for the first time in two years it will recommend a dividend at the end of the year, after first-half
Read moreInchcape To Recommend Final Dividend After Profit Soars
29th Jul 2010 09:13
By Kaveri Niththyananthan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--International automotive distributor and retailer Inchcape PLC (INCH.LN) Thursday said first-half earnings more than doubled as it benefited from the recovery in the car industry, adding it will recommend a dividend at the
Read moreLondon open: Astra leads advance
29th Jul 2010 08:49
London's blue chips are cautiously higher in early dealings on Thursday as investors consider a bunch of corporate figures. AstraZeneca is the best performer in early dealings. The group's potential blockbuster heart drug Brilinta has received the backing of a US advisory panel just as the drug gia
Read moreMARKET TALK: Inchcape 1H Impresses; Arden Raises Target Price
29th Jul 2010 07:59
0659 GMT [Dow Jones] Inchcape's (INCH.LN) 1H results are even better than the previously raised expectations, says Nick Bubb at Arden Partners, with pre-exceptionals pretax profit up 76% on last year--at GBP115M, more than GBP20M higher than most forecasts. Says trading has been strong across the bo
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
29th Jul 2010 07:59
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] 0659 GMT [Dow Jones] Inchcape's (INCH.LN) 1H results are even better than the previously raised expectations, says Nick Bubb
Read moreInchcape H1 profit soars, to resume divi
29th Jul 2010 07:58
Car dealer Inchcape reported a better than expected 76% surge in half year pre-tax and said it intends to reinstate a final dividend for the current financial year. Pre exceptional pre-tax profit rose to £115.2m for the period ended 30 June 2010 from £65.4m the same time a year earlier. Sales incre
Read moreInchcape 1H Pretax Profit GBP115.2M On Revenue GBP3.1Bn
29th Jul 2010 07:25
LONDON (Dow Jones)--Inchcape PLC (INCH.LN), an international automotive distributor and retailer, said Thursday that for the six months ended June 30, it made a pretax profit of GBP115.2 million on revenue of GBP3.1 billion. MAIN FACTS: -Trading profit growth of 45.2% driven by progress in m
Read moreMARKET TALK: Nomura Upgrades Inchcape To Neutral
22nd Jul 2010 07:19
0619 GMT [Dow Jones] Nomura upgrades Inchcape (INCH.LN) to neutral from reduce, and lifts its price target to 330p from 320p. Also lifts its FY pretax profit forecast by 7% ahead of 1H results on July 29. Says this is primarily driven by sales and margin improvements expected in Australia, Hong Kong
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
22nd Jul 2010 07:19
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] 0619 GMT [Dow Jones] Nomura upgrades Inchcape (INCH.LN) to neutral from reduce, and lifts its price target to 330p from 320p.
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
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