MARKET 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 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
Read moreLondon open: Ugly start in London
27th Jan 2010 08:52
It's an ugly start In London with only Johnson Matthey and Amec in the blue, while financials, miners and oils are under heavy selling pressure. Far East markets continued to fall Wednesday on continuing fears that China is planning fiscal measures to cool growth, adding to the unease this morning.
Read moreLondon pre-open: Stocks to beat retreat
27th Jan 2010 07:38
Leading shares are set to open sharply lower after Wall Street gave up a 90-point gain in the last few hours of trade to end flat on the day. Far East markets also continued to fall Wednesday on continuing fears that China is planning fiscal measures to cool growth. Futures prices are currently i
Read moreJohnson Matthey ahead of consensus
27th Jan 2010 07:10
Platinum specialist Johnson Matthey expects results this year to come in slightly better than market estimates as recovery comes through in a number of markets. Group sales excluding precious metals for the third quarter were 9% ahead of the same period last year. Operating profit before amortisati
Read moreBritvic directors cash in
2nd Dec 2009 16:32
Fizzy drinks maker Britvic's chief executive and finance director have taken up shares and sold the share options for a second day running. The latest sales are of shares acquired under the Britvic Performance Share Plan at no cost. Chief executive Paul Moody was awarded 84,694 shares and sold 34,
Read moreLondon close: Footsie at one-week high
25th Nov 2009 16:06
Welcome results from Compass and investors' insatiable appetite for mining stocks helped London's blue chip index finish the session near the top of the day's range. A small improvement to the third quarter gross domestic product figure brought some relief. The Office of National Statistics said th
Read moreLondon afternoon: Compass leads London north
25th Nov 2009 14:01
A marginal improvement to the third quarter gross domestic product figures has lifted spirits in London, overshadowing some mixed corporate updates. The Office of National Statistics (ONS) said the UK economy shrank less than previously estimated in the third quarter, contracting by 0.3% between J
Read moreLondon midday: Footsie maintains lead
25th Nov 2009 12:09
Stocks are steady at lunchtime Wednesday as miners remain firmly on the front foot, while bid speculation is behind big gains at International Power. The hot money is on International Power at the moment, with investors betting that French utility GDF Suez will bid £6bn, or 400p-a-share, for the el
Read moreLondon open: Good gains as miners rally
25th Nov 2009 08:43
Footsie has posted good gains in early dealings, despite a lower finish on Wall Street last night. Miners are again behind the rise, with an end to the brief rally by the dollar sending buyers in search of alternatives. Second liners Randgold and Kazakhmys are leading the way, but the gains are pre
Read moreLondon pre-open: Strong start expected
25th Nov 2009 07:36
Footsie is expected to post good gains in early dealings, despite a lower finish on Wall Street last night. Contract caterer Compass Group saw little growth in revenue when it declared full year results this morning, but pre-tax profit still showed a healthy rise on the back of a strong improvement
Read moreCar production slump knocks Johnson Matthey
25th Nov 2009 07:09
Weak car production and lower metals prices earlier this year took their toll on platinum refiner Johnson Matthey's first half, though it expects an improvement over the rest of the year. Pre-tax profits dropped 22% to £109.5m in the half year to September. Sales fell 18% at £3.6bn as a result of r
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