Wednesday's tips round-up: Mears, Fresnillo, James Fisher
19th Aug 2009 06:29
The experts say buy Mears, but put their target price at 260p, below its current level. With momentum strongly behind the equity markets as confidence slowly returns, The Independent suggests it is the wrong time to buy Mears. If the economy takes a turn for the worst, fill your boots, but if the s
Read moreMears confident as sales climb
18th Aug 2009 08:04
Housing repair firm Mears posted a rise in revenues in the six months to June 30, helped by continued strength in the social housing market, but saw pre-tax profits slip due to the impact of an acquisition. The firm, which provides maintenance and repairs for social housing in partnership with loca
Read moreTuesday preview: British Land, Mears, UK consumer prices
17th Aug 2009 16:07
The UK property sector has recovered strongly over the last month led by British Land, which has been the subject of intense bid speculation. The company, which owns the Broadgate development in London's financial district, releases its results for the first quarter on Tuesday. The value of the com
Read moreSmall caps round-up: Cybit, Netplay, BlueStar SecuTech...
13th Jul 2009 08:53
Cybit, which provides vehicle and maritime tracking systems, has had its contract with Fowler Welch, part of Dart Group plc, extended for another five years. The firm will deploy Fleetstar Online across the Fowler Welch trailer fleet as part of a contract valued at about £1m in revenues, to be reco
Read moreLondon close: Late rally fizzles out
6th Jul 2009 16:37
Footsie made a brief attempt to lift itself into the blue in late trading but finished where it spent most of the day: firmly in negative territory. Declining metal and oil prices took their toll on resource stocks. Copper miners Lonmin and Kazakhmys are among the big fallers, despite both stocks b
Read moreLondon afternoon: Defensives in favour as stocks slide
6th Jul 2009 14:26
Footsie is halfway to a triple digit fall as resource stocks drag the market lower, with many pundits suggesting that the market may have bounced back too far since it reversed course in March. Declining metal and oil prices are taking their toll on resource stocks. Copper miners Lonmin and Kazakhm
Read moreLondon midday: Miners drag Footsie down
6th Jul 2009 12:07
Resource stocks have dragged Footise lower and with Wall Street predicted to open lower there is little prospect of a transatlantic boost in the afternoon session. Declining metal and oil prices are taking their toll on resource stocks. Copper miners Lonmin and Kazakhmys are among the big fallers,
Read moreLondon open: Weak start for Footsie
6th Jul 2009 08:56
London has opened sharply lower in early deals as traders await the return of Wall Street, back after Friday's Independence Day holiday. Miners are the worst performers after concern that the poor US jobs data heralds more economic woe for the country. Xtrata, Rio Tinto, Lonmin and Fresnillo are wo
Read moreNo slowdown expected at Mears
6th Jul 2009 07:23
Housing repairs group Mears said the level of opportunities for its social housing division have never been higher after the group bagged three new contracts. The group’s social housing division has been awarded £64m of new contracts, with options for a further £20m. Sedgefield borough, an existi
Read moreSmall caps round-up: Eleco, Optos, Vernalis...
3rd Jun 2009 11:07
Construction components and software group Eleco said an anticipated improvement in market conditions has failed to materialise. In February, the firm said recent progress in order prospects for precast concrete activities offered grounds for cautious optimism that it would see an upturn in perform
Read moreBroker snap: MITIE's peers preferred
18th May 2009 13:11
Support services MITIE delivered a solid set of results on Monday morning but broker KBC Peel Hunt sees better value elsewhere in the sector. The broker's earnings estimates for 2010 are at the lower end of the market range, at £80.6m for adjusted pre-tax profit. Ahead of the company's meeting with
Read more