Int'l Personal Finance FD sells shares
13th Aug 2013 16:22
David Broadbent, the Finance Director of home credit firm International Personal Finance (IPF), has sold a small stake in the firm after exercising options. Broadbent, who has been in his position since 2007, exercised a total of 65,575 share options under the company's share option plan and perfor
Read moreTuesday broker round-up UPDATE
13th Aug 2013 07:45
Aviva: Nomura increases target price from 414p to 474p reiterating its buy recommendation. BBA Aviation: Jefferies raises target price from 290p to 345p and keeps a buy recommendation. Braemar Shipping Services: Westhouse Securities takes target price from 450p to 515p and retains a buy recommenda
Read moreSunday share tips: L&G, Conviviality, Genel, Cineworld
11th Aug 2013 20:58
Stick with Legal & General shares, the Sunday Telegraph's Questor column said. The insurer's shares hit a 14-year high after it increased its first-half dividend by more than a fifth on August 6th. Pre-tax profits for the first half rose 3% to £592m as sales broke through analysts' forecasts with a
Read moreWednesday broker round-up UPDATE
7th Aug 2013 08:57
Antofagasta: Canaccord Genuity ups target price from 1000p to 1035p leaving its buy recommendation unchanged. BBA Aviation: JP Morgan increases target price from 289p to 343p retaining an overweight rating. UBS moves target price from 250p to 280p and reiterates a neutral rating. Liberum Capital ra
Read moreLondon close: Markets choppy on tapering concerns
6th Aug 2013 17:02
It was a choppy session on Tuesday with the FTSE 100 struggling for direction early on before sinking firmly into the red as concerns of a 'tapering' of stimulus in the US dampened sentiment. The FTSE 100 finished down 15 points at 6,604, though closed well off its intraday low after a late rally.
Read moreFTSE 100 movers: Fresnillo leads miners lower
6th Aug 2013 15:10
Mining stocks were dominating the fallers list on the FTSE 100 on Tuesday with precious metals group Fresnillo leading the way lower following some disappointing first-half results. Fresnillo's share price was down nearly 9.5% in afternoon trade after a 27% decline in gross profit to $518.9m in the
Read moreLondon midday: Markets trim losses after UK data, StanChart
6th Aug 2013 11:23
Markets had recovered some lost ground by Tuesday lunchtime following some early falls, as data showed that the UK economic recovery continues to gather momentum and results from banking group Standard Chartered were well received. The FTSE 100 opened firmly in the red this morning, dampened by wea
Read moreLondon open: Markets fall as Fresnillo leads miners lower
6th Aug 2013 09:10
Weakness in the mining sector saw the FTSE 100 fall into the red for the third straight day on Tuesday after some disappointing results from precious metals miner Fresnillo. Asian markets had a mixed session overnight as traders reacted an interest-rate cut in Australia. The Reserve Bank of Austral
Read moreLondon pre-open: Small losses expected early on
6th Aug 2013 07:26
UK stocks are expected to open with small losses on Tuesday as markets digest a rate cut in Australia and comments by a member of the Federal Reserve last night. As expected, the Reserve Bank of Australia made a 25 basis-point reduction to its headline lending rate to 2.50% and said "the inflation
Read moreLegal & General lifts divi after strong first half
6th Aug 2013 07:18
Financial services group Legal & General hiked its interim dividend by 22 per cent after a solid performance in the first half with double-digit growth in sales, cash generation and profits. The dividend was hiked to 2.4p per share, up from 1.96p per share in the first half of 2012. Chief Executiv
Read moreTuesday broker round-up UPDATE
6th Aug 2013 07:13
Alent: Credit Suisse lowers target price from 430p to 420p keeping an outperform rating. UBS ups target price from 350p to 365p and maintains a neutral rating. Anglo American: Jefferies cuts target price from 1700p to 1650p and maintains a hold recommendation. Aquarius Platinum: RBC Capital shifts
Read moreTuesday preview: Legal & General, Standard Chartered report
5th Aug 2013 13:42
Legal & General Group (L&G) will unveil its half-year results on Tuesday after declaring that it wants to increase its investment in Britain's infrastructure. The financial services company signalled a £12bn boost to the UK economy, saying it wants to raise investment in infrastructure from £3.0bn
Read moreSunday newspaper round-up: L&G, RBS, FTSE
4th Aug 2013 16:13
Legal & General plans a massive boost to its investment in UK infrastructure over the next 10 years, the Sunday Telegraph reported. The insurer wants to increase its funding of industries such as transport, building and energy from £3bn to £15bn over the period. Chief Executive Nigel Wilson said ret
Read moreLondon close: FTSE 100 near seven-week high
15th Jul 2013 16:28
Decent gains in the financial sector boosted the FTSE 100 on Monday as markets welcomed in-line growth figures from China and record highs on Wall Street. The FTSE 100 finished 41 points higher at 6,586 today; the last time it closed higher was on May 30th when it reached 6,657. While the index cl
Read moreBroker snap: Nomura names Prudential as top pick in UK life sector
12th Jul 2013 10:45
Nomura has upgraded its rating for insurance and financial services group Prudential by two notches from 'reduce' to 'buy', labelling it as its favoured choice in the UK life sector. In a research report on the wider sector, the broker said that Aviva's dividend earlier in the year has brought 'cas
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