London pre-open: FTSE to extend Wednesday's gains
7th Jun 2012 07:39
City sources predict the FTSE 100 will open up 29 points from yesterday's close of 5,384, tracking both US and Asian stocks higher. Telecoms peers Vodafone and Telefonica are to create one national grid in the UK running each operator's independent spectrum by pooling the basic parts of their net
Read moreJohnson Matthey in special divi pay-out
7th Jun 2012 07:03
Platinum refiner Johnson Matthey hailed another year of strong growth as it delivered numbers ahead of market expectations and a special divi worth a quid a share. Revenue in the year to March 31st rose 20% to £12,023m from £9,985m the year before, comfortably ahead of market expectations of £11,21
Read moreThursday preview: MPC rate decision, Johnson Matthey
6th Jun 2012 15:48
The European Central Bank stood pat on its interest rate decision on Wednesday, despite some speculation it might go for a rate cut, and now attention turns to the Bank of England, to see whether it will maintain the status quo. Last month, the situation was said to be finely balanced on whether t
Read moreWeek Ahead: MPC needs inside dope on Greek election
1st Jun 2012 11:22
The first two days of next week the UK markets will be closed as part of the extended Diamond Jubilee celebration for Queen Elizabeth, and there is so little scheduled for the rest of the week that traders might be tempted to take the whole week off, were it not for the little matter of the Bank of
Read moreBroker tips: Johnson Matthey, Euromoney, Greggs
29th May 2012 11:37
Credit Suisse has maintained its long-term neutral rating for FTSE 100 speciality chemicals group Johnson Matthey but has given the stock a short-term buy trading call, recommending investors to build positions ahead of the full-year results on June 7th. The broker says that it prefers Belgian mate
Read moreBroker snap: Credit Suisse says Johnson Matthey is a short-term buy
29th May 2012 09:51
Credit Suisse has maintained its long-term neutral rating for FTSE 100 speciality chemicals group Johnson Matthey but has given the stock a short-term buy trading call, recommending investors to build positions ahead of the full-year results on June 7th. "Trading calls are short-term trading opport
Read moreTuesday broker round-up - UPDATE
29th May 2012 09:06
Brewin Dolphin: Peel Hunt maintains buy rating and 185p target. BTG: finnCap raises target from 326p to 331p, hold rating maintained. Euromoney Institutional Investor: Peel Hunt upgrades from hold to buy, target left at 800p. Greggs: Canaccord Genuity upgrades from hold to buy, target left at 520
Read moreTuesday broker round-up - UPDATE
6th Mar 2012 09:20
Serco: Credit Suisse lifts target price to 650p from 600p, remains at outperform. Capita: Credit Suisse revises target to 820p from 770p, retains outperform. Wolseley: UBS downgrades from buy to hold. Pace: Peel Hunt upgrades from hold to buy, raises target to 99p from 75p. International Power
Read moreJohnson Matthey CEO ditches nearly 29,000 shares
15th Feb 2012 15:59
Neil Carson, Chief Executive Officer of Johnson Matthey, the chemicals giant, has disposed of £659,232-worth of shares in the firm two weeks after it reported a 22% rise in sales during the final quarter of 2011. Carson, who has been with the firm for three decades, sold 28,901 executive share
Read moreLondon open: ICAP leads strong rise for Footsie
1st Feb 2012 08:23
The Footsie opened in positive territory, rising well above the 5,700 level, after better-than-expected Chinese data and rumours of progress in Greece lifting the mood early on. European markets have opened strongly as investors await Eurozone manufacturing data later this morning. The HSBC China m
Read moreJohnson Matthey sees profits up but warns on platinum prices
1st Feb 2012 07:30
Johnson Matthey, the chemicals company, saw sales (excluding precious metal sales) rise by 22% between October and December last year. The firm's third quarter saw revenues up to £649m, producing profits of £104.3m, a rise of 34% on the previous year. Net debt has reduced by £175m to £442m, althou
Read moreThursday broker round-up - UPDATE
26th Jan 2012 09:34
Misys: Panmure Gordon cuts target from 335p to 295p, hold rating unchanged; Peel Hunt puts 250p target under review, hold rating kept; Merchant Securities initiates coverage with sell rating and 220p target. Mitchells & Butlers: Panmure Gordon keeps hold and 240p target; Peel Hunt retains hold rati
Read moreLegal & General vice chairman stocks up
2nd Dec 2011 14:58
Legal & General's vice chairman and senior indepedent director Henry Staunton purchased over £10,000-worth of shares, one month after the firm reported a slight drop in sales. Staunton, who was appointed to the board in 2004, bought 9,708 shares at 105.60p each for a total of £10,252. At the sta
Read moreTuesday tips round-up: Senior, Johnson Matthey, Cove
29th Nov 2011 07:31
The timing is auspicious for Senior's purchase of Airbus-parts supplier Weston, as the market for large commercial aircraft is just starting to take off, notes Tempus in The Times. The deal, at £54m, or the equivalent of one year's sales or eight times' annual earnings, might look an expensive one,
Read moreFriday broker round-up: Atkins WS, Johnson Matthey, BT
25th Nov 2011 09:58
Atkins WS: UBS reiterates neutral, raises price target to 600p from 560p. Johnson Matthey: UBS reiterates buy, ups target to 2015p from 1915p. Lloyds: UBS reiterates buy, lowers target to 55p from 60p. BT Group: Credit Suisse reiterates outperform. Intermediate Capital Group: Credit Suisse reite
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