London midday: Glaxo sales in line
21st Jul 2010 12:05
Equities ended the morning session in consolidation mode, holding on to the gains racked up in the first two hours of trading, when traders were enthused by the Reckitt Benckiser bid for SSL and forecast busting results overnight from Apple. Reckitt will pay SSL shareholders 1,163p per share with a
Read moreBroker snap: Uncertain future for Johnson Matthey
21st Jul 2010 11:39
Charles Stanley remains equivocal about the investment appeal of the shares of Johnson Matthey. despite a generally robust trading performance in the first quarter of the platinum refiner's financial year. The broker believes that Johnson Matthey's prospects are far from certain. "We note that US s
Read moreLondon open: Bids spur Footsie higher
21st Jul 2010 08:53
Buyers are scrambling to find anything with the slightest chance of being bid for after Reckitt Benckiser snapped up SSL this morning for £2.5bn. Footsie is up by nearly 80 points so far with only Lonmin and Smith & Nephew in red numbers. Reckitt's bid for SSL is a deal that had been rumoured for
Read moreJohnson Matthey shines in first quarter
21st Jul 2010 07:23
Platinum refiner Johnson Matthey has had a strong start to the financial year, but the company, which sells catalysts for cars, warned that second quarter results may be affected by reduced consumer confidence. Sales in both the environmental technologies and emission controls divisions the in the
Read moreJohnson Matthey 1Q Sales Excluding Precious Metals Up 32%
21st Jul 2010 07:10
LONDON (Dow Jones)--Johnson Matthey PLC (JMAT.LN), an advanced materials technology group, said Wednesday it has made a good start to the financial year with first quarter sales excluding precious metals 32% ahead of the same period last year and slightly up on those in the fourth quarter of fiscal
Read moreHays PLC: Alan Thomson To Become Chairman Effective Nov. 10
15th Jul 2010 08:06
LONDON (Dow Jones)--Hays Plc (HAS.LN), a global specialist recruitment Group, announced Thursday that Alan Thomson will be joining the Board as a non-executive director on October 1, and will become Chairman following the Annual General Meeting on Nov. 10, when Bob Lawson, the present Chairman, will
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
17th Jun 2010 07:26
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0626 GMT [Dow Jones] Deutsche Bank upgrades Johnson Matthey (JMAT.LN) to buy from hold, and boosts its target price to 1900p
Read moreMARKET TALK: Deutsche Bank Lifts Johnson Matthey To Buy
17th Jun 2010 07:26
0626 GMT [Dow Jones] Deutsche Bank upgrades Johnson Matthey (JMAT.LN) to buy from hold, and boosts its target price to 1900p from 1550p. Says the company is entering a period of accelerating earnings growth, with 17% growth in earnings in the next three years compared with 7% over the last decade. S
Read moreFTSE 100 movers: China growth boosts miners
9th Jun 2010 14:19
Positive economic news in China has pushed up most of the miners in the Footsie. Metals prices are higher on news that China's exports in May were 50% higher than one year earlier. Fresnillo, Kazakhmys, Xstrata and Vedanta are all higher but a fall in the gold price has knocked Randgold Resources.
Read moreMARKET TALK: Credit Suisse Ups Johnson Matthey To Neutral
8th Jun 2010 07:32
0632 GMT [Dow Jones] Credit Suisse raises Johnson Matthey (JMAT.LN) to neutral from underperform, but slightly reduces target price to 1660p from 1670p. Says guidance for 2H has been more cautious. "We are broadly in line with current full year consensus EPS forecasts through FY 2012/13, and as such
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
8th Jun 2010 07:32
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0632 GMT [Dow Jones] Credit Suisse raises Johnson Matthey (JMAT.LN) to neutral from underperform, but slightly reduces target
Read moreThursday tips round-up: Vedanta, Tullow, Greene King
28th Jan 2010 05:54
There are few large-cap miners whose shares are as geared to commodity prices as India's Vedanta Resources. Last year's share price performance ? a rise of 327 per cent ? said as much. So, too, did yesterday's third-quarter update. The imminent redemption of a $725 million convertible bond at a 40 p
Read moreLondon close: Footsie weakness continues
27th Jan 2010 17:00
Shares continued their weak run of recent days, with the FTSE 100 ending the day deep in the red. Mining stocks fell on enduring concerns that the Chinese authorities will introduce further measures aimed at cooling down the country's overheating economy. Xstrata, Fresnillo and Anglo American are t
Read moreLondon afternoon: Stocks stuck in reverse
27th Jan 2010 13:38
London's attempts at a rally fizzled out over the lunch time session though the Footsie is trying once more at the mid-afternoon point to climb the mountain. Mining stocks continue to impede the blue-chip index's progress, however, on enduring concerns that the Chinese authorities will introduce f
Read moreLondon midday: Miners pull blue chips lower
27th Jan 2010 12:02
Footsie is trying to rally after an early sell-off on fears that China is planning fiscal measures to cool growth. Mining stocks once again feature prominently among the laggards, with Xstrata, Fresnillo and Anglo American the worst hit. Mining giant Vedanta Resources is also lower despite seeing
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