FTSE 100 Movers: Smith & Nephew, ITV lead the risers
14th Nov 2011 13:56
Medical equipment manufacturer Smith & Nephew was the high riser helped by Exane BNP Paribas which upped its recommendation on the stock from neutral to outperform. ITV, Britain's biggest private terrestrial broadcaster, was heading north after reporting a 4% rise in revenues in the nine months to
Read moreLondon midday: Footsie retreats after positive start
14th Nov 2011 12:18
The early optimism faded in late morning trade, with the Footsie now trading nearly 1% lower despite a positive start early on, after an Italian bond sale saw significantly higher yields than last month's. Meanwhile, investors will still be digesting the latest shake-ups in Italian and Greek politic
Read moreDigital Look broker talk - UPDATE
14th Nov 2011 10:39
Premier Foods: "The banks overriding priority must be to get their money back as quickly as possible and whilst this requires Premier to make profits/ generate cash, we are concerned that the interests of equity shareholders are now subordinate" [UBS]. Electrocomponents: "With the rating at the low
Read moreMonday broker round-up - UPDATE
14th Nov 2011 09:19
Barclays: Goldman Sachs cuts to sell from neutral. BG Group: Evolution Securities keeps buy recommendation and 1,800p target. BG Group: Nomura maintains buy and 1,750p target. ITV: Peel Hunt retains buy and 73p target. ITV: Investec maintains hold rating and 55p target. Cairn Energy: UBS cuts
Read moreLondon open: Banks lead modest advance
14th Nov 2011 08:42
Stocks edge higher, with banks to the fore, though sentiment has been dampened by a gloomy prognosis on the UK jobs market from the Chartered Institute of Personnel and Development (CIPD). The CIPD predicts that "the employment situation will get worse for the rest of the year, while medium-term pr
Read moreLondon pre-open: Stocks on the front foot
14th Nov 2011 07:29
London is set to pick up where it left off at Friday's close, with City sources predicting the FTSE 100 will open up 31 points from yesterday's close of 5,545. Broadcaster ITV said total external revenues in the first nine months of 2011 were up 4% at £1,515m from £1,456m in the corresponding peri
Read morePicture brighter at ITV
14th Nov 2011 07:09
ITV, Britain's biggest private terrestrial broadcaster, has seen revenues rise 4% in the nine months to the end of September compared to the same period of 2010. Net advertising revenue for the group was up 1% in the third quarter and over the last nine months the Studios division saw revenues grow
Read moreLondon close: Company updates impress, Euro-crisis rages on
3rd Nov 2011 16:36
The Footsie finished near its highest levels of the day on hopes that the Greek referendum will be cancelled. Nevertheless, it was a busy day for investors with rumours in the Eurozone dominating the swings in the market throughout the session, and the European Central Bank revealing a surprise deci
Read moreFTSE 100 movers: Updates broadly impress, Tate & Lyle jumps
3rd Nov 2011 16:03
Tate & Lyle jumped over 5% higher after reporting stronger-than-expected first half results with adjusted pre-tax profits of £180m. The sweeteners group said the numbers, which were 10% ahead of what analysts expected, came as a result of strong demand across a number of markets. Panmure Gordon rais
Read moreFTSE 100 Movers: Bank investors loose enthusiasm
28th Oct 2011 13:17
ITV was on the up after RBS reiterated its "buy" hold on the stock. Meanwhile, International Consolidated Airlines dipped following a target price cut from UBS from 260p to 240p. Barclays was also falling despite an upgrade from J.P.Morgan from neutral to overweight and a "buy" reiteration from
Read moreUPDATE: Friday broker round-up
28th Oct 2011 09:13
HSBC/Standard Chartered: Citi chief economist William Buiter argues today that: "World trade is set for a prolonged boom and a marked transformation. Transaction banking and trade finance should track the direction of trade and economic growth in the long term. (...) Standard Chartered and HSBC shou
Read moreFTSE 100 Movers: Miners leading the way lower
18th Oct 2011 12:43
Unsurprisingly, it was miners that bore the brunt of the selling amid concerns over global growth in the wake of disappointing Chinese gross domestic product data. Among the fallers was diversified giant Xstrata, which gave a taste of the uncertain global picture with a third quarter update that sho
Read moreITV to expand regional presence with Channel Television acquistion
18th Oct 2011 10:58
Television broadcaster ITV has revealed its intention to acquire Jersey-based Channel Television from its current owners Yattendon Group for an, as of yet, undisclosed sum. In a short statement released this morning, ITV said, "ITV plc announces that it has entered into an agreement with Yattendon
Read moreTuesday newspaper round-up: Service sector, bank ringfence, Eurozone
30th Aug 2011 06:44
Business activity in Britain's dominant services sector has fallen at the fastest rate since the economy was barely crawling out of recession, a CBI survey shows. The quarterly survey of the employers' lobby, which is published today,reveals an accelerating decline in the consumer services industry,
Read moreSTV trading in line with expectations
25th Aug 2011 15:53
Scottish digital media business, STV, plunged into the red in the first half of 2011 after settling a multi-million pound legal dispute with ITV. Pre-tax profit before exceptionals was up 8% at £6.5m, which translated into earnings per share rising 5% to 16.8p. Revenue was down 5% at £47.2m despit
Read more