Broker tips: ITV, easyJet, Keller
15th May 2013 10:50
ITV's first-quarter results were slightly ahead of forecasts, according to Nomura, however the broker said that Wednesday's negative market reaction was due to its cautious outlook for the remainder of the year. "Overall, the transformational plan seems on track with strong studios guidance, cost s
Read moreBroker snap: ITV still a 'buy' but outlook disappoints, says Nomura
15th May 2013 09:48
ITV's first-quarter results were slightly ahead of forecasts, according to Nomura, however the broker said that Wednesday's negative market reaction was due to its cautious outlook for the remainder of the year. First-quarter revenues were up 1.0% to £571m at the UK broadcasting group, marginally a
Read moreLondon open: Eurozone GDP figures worry markets early on
15th May 2013 08:39
Worse-than-expected growth figures from Eurozone powerhouses Germany and France dampened market sentiment in London on Wednesday morning, as stocks pulled back after hitting fresh multiyear highs the day before. The FTSE 100 finished Tuesday's session at 6,686 after nine straight days in positive t
Read moreITV outperforms first quarter ad market
15th May 2013 07:10
Broadcaster ITV outperformed the television advertising market in the first quarter of the year but was cautious on its outlook for the rest of the year. Broadcast and online revenues in the first three months of the year rose strongly year-on-year, although the smaller TV studios arm fell back on
Read moreLondon midday: Stocks snap winning streak as Chinese data disappoints
13th May 2013 11:51
Disappointing economic data from China on Monday put an end to a seven-day winning streak in London which lifted the FTSE 100 to a five-and-a-half-year high last week. London's benchmark index reached a closing price of 6,625 on Friday afternoon, a level not seen since late 2007, meaning that it ha
Read moreLondon open: Markets pause after strong run last week
13th May 2013 08:48
Weakness in the financial sector meant that the FTSE 100 was in the red on Monday morning, with investors pausing for breath after the index reached fresh multi-year highs last week. London's benchmark index reached a closing price of 6,625 on Friday afternoon, a level not seen since late 2007, mea
Read moreITV acquires 60 per cent stake in US reality TV firm
13th May 2013 07:57
Broadcasting company ITV has acquired a controlling stake in High Noon Entertainment, a firm which supplies reality and entertainment shows for US cable networks. ITV will pay a consideration of $25.65m in return for a 60% stake, in addition to a top-up payment in 2015, which will be based on High
Read moreLondon close: Stocks pare gains after US data
1st May 2013 16:40
Disappointing economic from the States saw the FTSE 100 halve its earlier gains by the close on Wednesday as markets waited in anticipation of a policy decision from the Federal Reserve later this evening. The US central bank is widely expected to leave its current stimulus measures unchanged follo
Read moreFTSE 100 movers: BT leads the way after o2 deal
1st May 2013 14:52
BT Group shares were leading the risers on Wednesday after signing a 10-year deal with o2 to create a new 4G network worth in the region of 500m pounds. Speciality chemicals group Johnson Matthey has made strong gains after a positive update from Credit Suisse said that weaker platinum prices have
Read moreLondon midday: Stocks extend gains ahead of Fed decision
1st May 2013 11:27
The FTSE 100 was taking advantage of low volumes on Wednesday morning, registering decent gains by lunchtime as other stock markets across Europe remained closed for the May Day public holiday. A slowdown in Chinese manufacturing growth didn't have too much of an effect on markets early on as trade
Read moreLondon open: Miners shrug off disappointing Chinese data
1st May 2013 08:21
A slowdown in Chinese manufacturing growth didn't have too much of an effect on stock markets on Wednesday morning as traders showed optimism in anticipation of a continuation of monetary stimulus from the US and a rate cut in Europe this week. Nevertheless, volumes are expected to be low today giv
Read moreITV CEO sells 2.3m shares post exercise
30th Apr 2013 16:22
ITV's Chief Executive, Adam Crozier, has exercised options over 3.6m shares and subsequently sold 2.3m of them, it was announced Tuesday. Crozier, whose total holding now stands at just under 1.56m shares, disposed of the shares at 127.1p each, pocketing a total of £3.0m. One week ago ITV acquir
Read moreLondon close: Gains erased as US data disappoints
22nd Apr 2013 16:21
After a strong start, the FTSE 100 slumped into the red by the close on Monday afternoon as disappointing data and corporate earnings from the US dampened the positive mood. Nevertheless, markets on the whole gave a rather muted reaction to Friday's move by Fitch to strip the UK of it prized 'AAA'
Read moreITV acquires firm behind '24 Hours in A&E'
22nd Apr 2013 12:24
Television producer ITV has acquired The Garden, an independent production company. The Garden, which has produced programmes such as 24 Hours in A&E, and Inside Claridge's, will be acquired for an initial £18m, with a further capped cash payment based on its future performance, which is only paya
Read moreLondon midday: Banks provide a lift as markets shrug off UK downgrade
22nd Apr 2013 11:20
Markets were making decent gains on Monday morning, shrugging off the news that Fitch had stripped the UK of it prized 'AAA' credit rating, as investors went bargain hunting following some heavy falls the week before. Despite trimming losses after a decent rebound on Friday, the FTSE 100 still fell
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