FTSE 250 Movers: Stobart falls after Investec cuts target
26th Oct 2011 13:11
Transport logistics firm Stobart was the biggest faller despite reporting a solid set of half year figures as it repositioned its strategy in the face of a prolonged weak economic background. The fall came as Investec cut its target on the stock from 176p to 165p, although its buy recommendation w
Read moreBroker snap: Singer encouraged by Informa's outlook
26th Oct 2011 13:04
Singer Capital Markets has reiterated a buy recommendation on business-to-business publisher and events organiser Informa after the group confirmed that it is "on track to meet our expectations for the full year". The broker highlights comments by Informa's chief executive Peter Rigby, who said tha
Read moreBroker tips: Next, Stobart, Informa
26th Oct 2011 12:56
Next was one of the worst performing stocks on the FTSE 100 on Wednesday after Deutsche Bank downgraded the high street giant from buy to hold, saying that it expects share price upside to remain muted until after Christmas. "The stock has closed its historic price-to-earnings ratio discount to bot
Read moreUPDATE: Thursday broker round-up
22nd Sep 2011 09:55
Burberry: AlphaValue downgrades to sell, target cut from 1,297p to 1,302.5p. Anglo American: Societe Generale upgrades to buy, target cut from 3,250p to 3,000p. TUI Travel: Numis Securities downgrades to hold, target decreased from 180p to 160p. Aegis Group: Barclays downgrades to equal-weight, t
Read moreUPDATE: Wednesday broker round-up
21st Sep 2011 08:52
Inmarsat: Citi downgrades to hold from buy. Inmarsat: Morgan Stanley downgrades to underweight from neutral. Imperial Tobbacco: Investec retains buy. Carnival: Credit Suisse confirms neutral rating and 2,357p target. Drax: Credit Suisse cuts target from 400p to 350p, underperform rating maintain
Read moreCroda boss Flower's stake grows
28th Jul 2011 17:36
Croda's chief executive Martin Flower spent more than £56,000 on shares in the speciality chemicals company - only to see the value of the shares fall on the back of its interim results. He took 3,000 shares at 1,892.2p a time and now has nearly 26,000. Shares in the company, which supplies chemica
Read moreLondon midday: FTSE 100 seeks direction after news flurry
26th Jul 2011 12:07
The top shares index sits just in the red with a flurry of updates failing to provide a definite sense of direction. The mixed reception is apparent in the oil sector where BP and BG Group are moving in both directions BP is the laggard of the FTSE 100. The rising price of oil and gas boosted its p
Read moreLondon open: Oil stocks pull FTSE 100 both ways
26th Jul 2011 08:32
London has got off to a quiet start overall but there is plenty of corporate news for traders to digest and stocks are moving in both directions. BP is the laggard of the FTSE 100. The rising price of oil and gas boosted its profits in the second quarter, though the benefits were partially offset b
Read moreInforma on track for FY
26th Jul 2011 07:44
Specialist business publisher and trade events group Informa posted flat first half pre-tax profit and said, despite economic headwinds, overall trading remains in line with company expectations for the full year. Pre-tax profit was little changed at £66.5m for the six months ended 30 June 2011 com
Read moreTuesday preview: BP, BG, Glaxo ...
25th Jul 2011 15:49
Two of the UK's big oil companies are set to release quarterly figures on Tuesday: BG Group and BP. Shares in BG shot up at the end of June after the company doubled its estimates for the Brazilian Santos Basin reserves and resources, but the shares have drifted lower for most of July. "In Q1 [th
Read moreFTSE 250 movers: Stobart leads the fallers
13th May 2011 15:51
The worst performing stock on the FTSE 250 is distribution group Stobart, which issued a strongly-worded statement denying a "speculative" story in the Daily Telegraph that alleges that the Financial Services Authority (FSA) is examining a deal that will see Stobart buy a property portfolio from its
Read moreBroker snap: Informa sees scope for higher margins
13th May 2011 12:47
Potential margin upside at Informa's Professional and Commercial Information (PCI) division has prompted RBS to raise its target price from 530p to 560p for the specialist business publisher and trade events group. PCI provides books, journals and database products to sectors including healthcare,
Read moreLondon close: Late rally falls short
12th May 2011 16:58
Shares clawed back some of their losses ahead of the close but still finished firmly in the red as miners sank in line with commodity prices. Metals prices were on the decline amid monetary tightening in China, hurting mining stocks such as Fresnillo, Vedanta Resrouces and Kazakhmys. Lower oil pric
Read moreFTSE 250 movers: Supergroup, Keller plummet
12th May 2011 14:56
Two companies, SuperGroup and Keller, took a tumble on Thursday, both falling over 20% lower. Fast-growing fashion group SuperGroup failed to get its summer range out in time for the unseasonably warm weather seen recently, resulting in a lower sales growth rate in the three months to 1 May. Grou
Read moreLondon midday: Losses widen amid commodity slide
12th May 2011 12:05
The FTSE 100's losses have grown with miners on the back foot amid worries over global growth. Silver specialist Fresnillo leads the mining sector lower in the FTSE 100. Worries that China may further tighten monetary policy are hurting commodity prices. Lower oil prices were evident on the markets
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