London close: Stocks rise on low volumes
22nd Nov 2012 16:52
- Trading light as US celebrates Thanksgiving - Focus shifts to EU summit - SABMiller jumps; 'Glenstrata' merger approved With trading volumes light owing to Thanksgiving, upbeat Chinese manufacturing data saw UK markets finish Thursday's session with decent gains in spite of the ongoing uncertaint
Read moreFTSE 100 movers: SABMiller jumps after beating forecasts
22nd Nov 2012 15:34
SABMiller, one of the world's largest brewers, rose into the top spot after it managed to beat analysts' forecasts in the first half as its hiked its interim dividend by 12 per cent. The company reported revenue of $17,476m in the six months to the end of September, up 11% on $15,688m reported the
Read moreLondon midday: Miners gain after upbeat Chinese data
22nd Nov 2012 11:31
- Stocks gains despite Eurozone gloom - Chinese manufacturing figures lift sentiment - Trade expected to be light with US closed Decent manufacturing figures from China ensured that the FTSE 100 was making gains on Thursday with the heavyweight mining sector bolstering the benchmark index. However
Read moreBroker tips: SABMiller, Johnson Matthey, Kingfisher
22nd Nov 2012 10:53
Jefferies has reiterated its 'buy' rating and 2,990p target price for drinks group SABMiller after a better-than-expected first half. The broker said: "The flat share price performance of SABMiller since the trading update in October has seen its peers catch up in terms of valuation with the compan
Read moreBroker snap: Credit Suisse upgrades Johnson Matthey to 'outperform'
22nd Nov 2012 09:17
Shares in chemicals group Johnson Matthey rebounded on Thursday morning following a sharp fall the day before, with Credit Suisse providing a lift after upgrading its rating for the stock from 'neutral' to 'outperform'. The stock dropped 5.8% on Wednesday after the company reported a 6% fall in fir
Read moreLondon open: Stocks rise after Chinese data
22nd Nov 2012 08:27
- Footsie gains after upbeat Chinese data - Volumes expected to be light with US markets closed - SABMiller and Man Group lead gains on FTSE 350 UK stocks started Thursday's session with moderate gains after some upbeat manufacturing figures from China, though trade is expected to be light with US
Read moreThursday broker round-up UPDATE
22nd Nov 2012 07:19
Alternative Networks: Westhouse Securities downgrades from buy to add, target price of 280p kept. Babcock International: UBS downgrades from buy to neutral. Barr (AG): N+1 Singer raises target price from 402p to 525p and upgrades to buy. Belvoir Lettings: Seymour Pierce raises target price from 9
Read moreThursday tips round-up: Johnson Matthey, Hyder Consulting and Compass Group
22nd Nov 2012 06:50
Tempus in The Times says the warning from Johnson Matthey that hit the market yesterday was not quite as drastic as those that have afflicted other global industrial producers this autumn, but the burden was much the same. The outlook for the global economy, and for key sectors such as American truc
Read moreLondon close: Footsie rallies in afternoon trade
21st Nov 2012 16:30
- Greek aid agreement expected next week - Trading expected to be light tomorrow - Johnson Matthey tumbles six per cent after gloomy outlook The FTSE 100 opened on the back foot on Wednesday morning after the initial disappointment regarding a delay in funds to Greece; however comments by Eurozone
Read moreFTSE 100 movers: Johnson Matthey dives as divi disappoints
21st Nov 2012 15:15
Shares in platinum refiner Johnson Matthey tumbled after it reported a six per cent drop in profits in the first half, while warning that it doesn't expect things to pick up in the latter part of the fiscal year and announcing a lower-than-expected dividend increase. Chief Executive Neil Carson sa
Read moreLondon midday: Stocks pare losses but market cautious
21st Nov 2012 11:54
- Eurogroup delays Greek aid - MPC minutes show 8-to-1 vote in favour of maintaining QE - Johnson Matthey and Compass lower after results UK stocks had trimmed losses by Wednesday lunchtime but was trading within a narrow range as investors remain cautious following an inconclusive meeting of Euroz
Read moreLondon open: Stocks fall as Greek aid delayed
21st Nov 2012 08:36
London's benchmark FTSE 100 index dropped into the red in early trading on Wednesday morning after Eurozone finance ministers delayed a decision on the next tranche of the Greek bailout. Matthew Nelson, a financial sales trader from Spreadex, said this morning: "The poor sentiment has not been aide
Read moreLondon pre-open: FTSE to open lower on Greek bail-out delays
21st Nov 2012 07:33
City sources predict the FTSE 100 will open down 19 points from yesterday's close of 5,748, after Eurozone finance ministers were last night unable to thrash out an agreement on how to finance a two-year extension in Greece's commitments. While some of the country's lenders - such as Germany, the
Read moreJohnson Matthey gives gloomy outlook for second half
21st Nov 2012 07:02
FTSE 100 platinum refiner Johnson Matthey reported a six per cent drop in profits in the first half, while explaining that it doesn't expect things to pick up in the latter part of the fiscal year and announcing a lower than expected dividend increase. The company, which is a world leader in emiss
Read moreWednesday preview: Compass and Johnson Matthey
20th Nov 2012 16:39
Contract caterer Compass will give investors food for thought on Wednesday when it releases full-year results. The market has pencilled in a figure of £16,869m for revenue, which is a lot of sausage rolls and crudités in anyone's language. Profit before tax is expected to break through the billion
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