Thursday tips round-up: Marston's, Greggs, Cranswick
7th Oct 2010 06:51
Marston's is for those who enjoy an old-fashioned pint and an old-fashioned pub company. Marston's shares sell on about ten times' earnings for the year to end-September and have the buttress of a 6 per cent yield. In a battered sector, a "hold" at least, says the Times. Greggs, the bakery chain, a
Read moreJohnson Matthey buys Intercat
6th Oct 2010 15:18
Johnson Matthey will increase its product range in the petroleum refining catalyst sector through the $56.2m purchase of Intercat. The purchase price is net of adjustments for debt of $29.4m. Georgia-based Intercat made an underlying operating profit of $8.4m on revenues of $58m in 2009. Intercat
Read moreLondon close: Good gains for FTSE 100
21st Jul 2010 17:04
Footsie's advance was pared slightly at the close of trading but shares still finished with strong gains. Mining stocks led the advance as copper inventories continue to contract, with Kazakhmys, Antofagasta, Vedanta and Xstrata at the head of the pack. Sticking with the resource sector, mining a
Read moreLondon afternoon: Three-digit gain for Footsie
21st Jul 2010 14:10
Footsie's gain burst through the triple digit barrier over the lunchtime session, helped by expectations of a solid start by Wall Street. Mining stocks lead the advance as copper inventories continue to contract, with Kazakhmys, Antofagasta, Vedanta and Xstrata at the head of the pack. Sticking
Read moreBroker tips: Johnson Matthey, Reckitt Benckiser, Euromoney
21st Jul 2010 12:39
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 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
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