FTSE 250 movers: Keller Group leaps on reports of entry into Africa
10th Oct 2013 14:56
Keller Group leapt on reports of a contract deal with Esorfranki, a move that would mark its entry into the African market. Esorfranki, a civil engineering and construction company, has reportedly sold its geotechnical division, which operates in Africa, to Keller. Newsagent WH Smith surged after
Read moreLondon open: Stocks under pressure as debt ceiling looms
9th Oct 2013 08:22
Markets dropped sharply once again on Wednesday as investors' appetite for risk continues to be eroded by the ongoing government shutdown in the US. Not even the news that well-known dove Janet Yellen will be nominated as the next chair of the Federal Reserve lifted stocks this morning, with the FT
Read moreKeller expands into sub-Saharan Africa with bolt-on purchase
9th Oct 2013 07:34
Ground engineering firm Keller is to buy Esorfranki Geotechnical, the largest ground engineering business in South Africa, as it looks to accelerate its entry into selected sub-Saharan construction markets. The FTSE 250 company said that these markets are "where significant growth is expected over
Read moreFTSE 250 movers: House builders given boost
30th Sep 2013 15:54
Bellway, Barratt Development, and Taylor Wimpey were among the best performing stocks on the FTSE 250 this afternoon as the outlook for the UK housing market continues to brighten. JPMorgan upgraded its rating for Barratt today to 'overweight', although cut Bovis Homes to 'underweight'. Keller Grou
Read moreLondon pre-open: FTSE to dive as US leaders reach stalemate over budget
30th Sep 2013 07:29
City sources predict the FTSE 100 will open around 70 points lower than Friday's close of 6,512.66, after US leaders hit a stalemate over budget negotiations in Washington. Politicians have so far failed to agree a new spending bill and have only until midnight tonight to make a decision over an e
Read moreKeller Group wins hospital construction deal in Singapore
30th Sep 2013 07:02
Keller Group, the ground engineering specialist, has scored a contract for the construction of a diaphragm wall and bored and secant piles. Under the £33m deal, the group will construct the foundation of a new Sengkang hospital project for the Singapore Ministry of Health. The project will create
Read moreLondon close: Stocks sold off on concerns over QE taper, Egypt
15th Aug 2013 16:34
Markets largely shrugged off a strong set of UK retail sales figures today, instead choosing to focus on economic data from the States which continues to throw more weight behind the argument to taper quantitative easing. The ongoing violence in Egypt also continues to be a worry for markets after
Read moreFTSE 250 movers: Ophir sinks after first-half results
15th Aug 2013 14:46
Africa-focused oil and gas group Ophir Energy was a heavy faller on Thursday as investors gave a cool reaction to the company's first-half report. While the firm narrowed its pre-tax loss to 19.4m dollars from 24.4m dollars previously, market chatter pinned the share-price reaction to delays in find
Read moreWednesday broker round-up UPDATE
12th Jun 2013 07:55
Aberdeen Asset Management: Canaccord Genuity cuts target price from 460p to 440p, while leaving its buy recommendation unchanged. ASOS: Canaccord Genuity downgrades to hold with a target price of 3400p. BT Group: Credit Suisse increases target price from 300p to 350p and maintains an outperform ra
Read moreBroker tips: AG Barr/Britvic, FirstGroup, Keller
11th Jun 2013 11:19
Canaccord Genuity has upgraded its rating for AG Barr to 'buy' but downgraded its view on Britvic to 'sell' following the Competition Commission's (CC) provisional approval of the soft-drink companies' merger on Tuesday. Comments from Britvic Chairman Gerald Corbett - that the firm is in a "differe
Read moreBroker snap: Panmure upbeat about Canadian purchase at Keller
11th Jun 2013 11:08
Panmure Gordon has hailed Keller's acquisition of North American Piling, but has kept its 'hold' rating for the FTSE 250-listed ground engineering specialist following a decent run this year. The company announced on Tuesday that it has acquired North American Piling, a Canadian foundations busines
Read moreKeller announces proposed acquisition of North American Piling
11th Jun 2013 08:01
FTSE 250-listed international ground engineering specialist Keller has proposed the acquisition of North American Piling from North American Energy Partners, subject to shareholder approval. North American Piling is a Canadian foundations business with headquarters in Edmonton, Alberta. In the year
Read moreTuesday broker round-up UPDATE
11th Jun 2013 07:22
AG Barr: Investec cuts target price from 591p to 581p, while upgrading from add to buy. Canaccord Genuity upgrades to buy with its target price at 570p. Aquarius Platinum: Nomura reduces target price from 90p to 65p, but keeps its buy recommendation. AstraZeneca: Berenberg takes target price from
Read moreSector movers: Construction stocks gain after US housing data
28th May 2013 15:36
Ongoing improvement in the US housing sector - as evidenced by some strong American home-price data on Tuesday - prompted a sharp rise in the construction and materials sector in London. The S&P/Case-Shiller 20-City Composite Home Price Index, which monitors prices in 20 major cities across the Sta
Read moreThursday broker round-up UPDATE
16th May 2013 07:43
Barratt Developments: Deutsche Bank lowers target price from 336p to 327p, while leaving its buy recommendation unaltered. BG Group: Credit Suisse raises target price from 1150p to 1190p keeping a neutral rating. BT Group: Berenberg takes target price from 280p to 375p and retains a buy recommenda
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