Wednesday tips round-up: SABMiller, Pennon, International Power
20th Jan 2010 06:39
SABMiller shares, off 41p at £17.80 yesterday, are trading on about 18 times full-year earnings. Not cheap, perhaps, but far from stretched, given stronger forecast earnings growth than any of its peers. Hold says the Times. Water utility Pennon's confirmation it will continue with its progressive
Read moreSmall Cap round-up: Headlam, Inspired Gaming, IQE...
19th Jan 2010 10:38
Floorings specialist Headlam's 2009 revenue reduced by 3.8% compared with the previous year, but a £12m currency benefit and full year contribution from Dutch business Silvester will mean earnings for 2009 are likely to be slightly ahead of market expectations. Headlam added that, overall, trading
Read moreSmall caps round-up: DTZ, New Britain, Purecircle...
30th Oct 2009 12:07
Property adviser DTZ has sold its New Zealand business to Quotable Value (QV), which will operate as an affiliate of DTZ. The deal, which sees gross assets with a book value of £1.5m transferred to QV, is part of DTZ's strategic review, aimed at enhancing the profitability and margins of its core
Read moreLondon afternoon: Footsie eases into the red
5th Oct 2009 13:45
The Footsie dipped into the red over the lunch-time session but it was a very shallow dip, with leading shares mixed and mostly sticking close to overnight levels. Life insurer Aviva is the heaviest faller in the FTSE 100 after it confirmed it is to sell a minority stake in its Dutch insurance bus
Read moreLondon midday: Shares still sluggish
5th Oct 2009 12:13
Equities are in sluggish mood on the first day of trading this week and the leading share index sits just below the 5,000 point level. Life insurer Aviva is the heaviest faller in the FTSE 100 after it confirmed it is to sell a minority stake in its Dutch insurance business Delta Lloyd through a fl
Read moreLondon open: Quiet start for Footsie
5th Oct 2009 08:43
London has made a cautious start with markets still seemingly unsettled by last week's US jobs data. Over here, Aviva has confirmed it is to sell a minority stake in its Dutch insurance business Delta Lloyd through a float on Euronext in Amsterdam. No more details were released, but weekend reports
Read moreLondon pre-open: Heading higher
5th Oct 2009 07:22
Expect a partial recovery from Friday's sell-off as investors, looking as higher US futures prices, continue to buy on the dips. London is set to start about 20 points higher, according to City sources, while early indications are that Wall Street will add about the same when it opens later. Over
Read moreIQE snaps up rival
5th Oct 2009 07:21
Semiconductor wafers technology specialist IQE is to buy rival gallium nitride materials supplier NanoGan for up to £3.6m, dependent on performance. The initial consideration of £0.4m will be settled by the issue of new shares and cash. IQE has the option to settle the future milestone payments in
Read moreApple reports record results
22nd Jul 2009 13:18
The rapid growth of Apple as a powerhouse global brand continued in the second quarter of 2009, with the trendy consumer electronics firm reporting sales above market expectations. Revenue in the April to June quarter rose 12% from a year earlier to $8.34bn, topping market expectations of sales of
Read moreIQE sales pick up as customers restock
15th Jul 2009 11:24
Semiconductor wafer products supplier IQE said trading picked up in May and June as customers started stocking up again. It expects the first half to be in line with expectations, with revenues of about £20m and EBITDA of at least £1.2m. The upturn in orders came after customers destocked in the
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