Friday tips round-up: Invensys, Easyjet, BHP Billiton...
21st Jan 2011 06:45
What has driven the Invensys share price in recent months, though, is bid speculation, especially after some unfortunate remarks in November by the chief executive Ulf Henriksson that its Chinese rail partner might be interested. Though these were swiftly played down, a break-up still looks a possi
Read moreFTSE 250 movers: Easyjet shares take a hit
20th Jan 2011 15:54
Shares in Easyjet dived after snow and strike disruption cost the budget airline £31m in the last quarter of 2010 and it predicted that soaring fuel costs would hit its results this year. Total revenue was up by 7.5% from the same period the previous year at £654m but the disruption costs were big
Read moreFTSE 250 movers: Strong end to the year for Spectris
14th Jan 2011 16:13
Instrumentation and controls specialist Spectris had a cracking final two months of 2010, with operating profits higher than expected. The Test and Measurement business stood out during November and December, contributing "substantially" to the improvement, although all four divisions exceeded tar
Read moreEx-Kenmare man gets €10m for naked sleepwalk
18th Nov 2010 14:12
A former director of miner Kenmare Resources has been awarded €10m (£8.5m) in damages for a press release issued by the company insinuating he made naked advances to a female colleague. An Irish court heard that while on a business trip to Africa 67-year-old Donal Kinsella appeared at the bedroom d
Read moreAverage revenue per tonne rises at Kenmare
17th Nov 2010 07:39
Irish mining firm Kenmare Resources said demand for its main product, ilmenite, remains robust. The company is presently negotiating a number of new contracts for 2011 and expects to achieve significant price increases for uncommitted ilmenite sales over 2010 levels. Following the sharp contractio
Read moreWednesday tips round-up: BHP Billiton, JD Sports, Cranswick...
17th Nov 2010 06:56
Given the strength of its balance sheet, BHP's stock is cheap, with Barclays Capital putting it on a multiple of just above nine times forecast earnings for the 2011 calendar year. The mining sector, on the other hand, trades on an average of eight times. That premium is far too slight for such a
Read moreLondon close: Two-year high for blue chips
4th Nov 2010 17:01
Footsie hit a two-year high as investors piled into blue chips after yesterday's larger-than-expected stimulus package unveiled by the US Federal Reserve. But the good sentiment was not universal, with some hefty fallers on the back of disappointing trading updates. Hopes that the Bank of England's
Read moreLondon afternoon: Morning's gains consolidated
4th Nov 2010 14:23
Since the Bank of England's noon announcement extinguished the small hopes of Britain joining the US in reviving its quantitative easing programme, leading shares have marked time. Miners are still doing particularly well on hopes that the Fed's stimulus measures will help sustain the global econo
Read moreFTSE 250 movers: Update sparks Elementis jump
1st Nov 2010 13:49
Elementis' share price has reacted positively to its announcement that it expects to make more money than expected this year as a swell of activity in the oil and gas sector helped the speciality chemicals supplier lift sales by 11% in the third quarter. Mining stocks such as the African pair Kenma
Read moreSmall caps round-up: Norseman Gold, Cohort, Kea...
27th Oct 2010 12:29
Australian miner Norseman Gold suffered a drop in production during the first quarter to 12,229 ounces from 14,469 ounces in the three months to June following a fatality at the OK Decline in August. The accident caused a three week shutdown at the mine and meant output was well below target but i
Read moreWednesday tips round-up: Aveva, Punch, ASOS...
13th Oct 2010 06:48
Aveva produces software that helps a range of industries design industrial plants and capture and maintain their data. Its systems have been used by big players in the oil and gas markets, the power industry and even ship designers. Analysts point to significant opportunities for the company in th
Read moreThree join Footsie in quarterly changes
8th Sep 2010 18:06
Insurer Resolution, pumps manufacturer Weir and engineer Tomkins are replacing Home Retail, Segro and Cable & Wireless Worldwide in the FTSE 100 index. The changes will come into effect on 20 September. Tomkins is unlikely to stay in the Footsie for long because its board has recommended a 325p
Read moreSunday tips round-up: Sportingbet, PureCircle, Serco...
5th Sep 2010 13:08
Over the next couple of years it's possible that the online gaming industry will emerge from its troubled past and boom again as it did in the early years of this century. With this in mind, the Mail on Sunday reckons the London-listed online bookmaker Sportingbet might be worth a flutter. Sportin
Read moreSunday tips round-up: BP, Kenmare Resources, Abcam
14th Mar 2010 11:02
As one analyst said last week, "at last BP has bought a ticket to the carnival". The carnival he was referring to was, of course Brazilian oil. Most oil majors have a presence in the deep-water prospects in the area - with BP conspicuous by its absence. The group's shares are trading on a December
Read moreWednesday tips round-up: L&G, Dechra, Johnston Press
2nd Sep 2009 06:38
Legal & General's new finance head Nigel Wilson spent his first day in the job on Tuesday. He now faces an interesting first few months at the embattled insurer. When his predecessor Andrew Palmer stood down in April, the company - once the darling of the stock market - had seen its relationship wi
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