London close: Stocks rebound as Fed official suggest later rate hike
10th Aug 2015 16:25
(ShareCast News) - UK stocks regained ground at close of trading on Monday after a US Federal Reserve official suggested a September rate hike may not be on the cards as many expect. Fed vice chairman Stanley Fischer on Monday told Bloomberg he doesn't expect the first rate hike in nine years to occ
Read moreMeggitt buys Cobham's advanced composites business for $200m
10th Aug 2015 07:34
(ShareCast News) - Engineering group Meggitt has agreed to acquire the advanced composites business of Cobham for $200m in cash financed from existing resources, in a deal that is expected to be immediately earnings-enhancing. The business makes engineered aerospace composite engine components and c
Read moreBroker tips: Smiths Group, Meggitt, Coca Cola Hellenic
4th Aug 2015 17:14
(ShareCast News) - After US activist investor ValueAct built a near-5% stake in Smiths Group, Credit Suisse calculated a 1,500p-per-share break-up value for the aerospace engineer. According to reports, ValueAct, an $18bn activist fund which has previously influenced the direction of US companies in
Read moreCharles Stanley upgrades Meggitt, says valuation looks "more realistic"
4th Aug 2015 15:18
(ShareCast News) - Charles Stanley upgraded Meggitt to 'accumulate' from 'hold', citing recent share price weakness. "Following share price underperformance year-to-date, the valuation looks more realistic and Meggitt offers an above sector average dividend yield supported by improving free cash flo
Read moreFTSE 100 movers: Shire slips on bid rebuff, Smiths lifted by activist hopes
4th Aug 2015 14:47
(ShareCast News) - The FTSE 100 was marginally in the red on Tuesday afternoon after an early fall was followed by a sharp bounce that soon lost momentum. London's primary equity index was down 0.14% at 6,679.14 points by 1405 BST, with shares in drug company Shire leading the fallers. The Dublin-h
Read moreLondon midday: FTSE 100 declines on surprise construction slowdown
4th Aug 2015 12:21
(ShareCast News) - The FTSE 100 continued its slide as investors weighed earnings, mixed news from Greece and a worse-than-expected report on the UK construction sector. The Markit/CIPS purchasing mangers' index on UK construction activity fell to 57.1 in July from 58.1 a month earlier, missing fore
Read moreLondon open: Stocks slump as commodities weaken
4th Aug 2015 09:23
(ShareCast News) - London equities were dragged into negative territory by natural resource related stocks as commodity prices weakened. A measure of mining shares were in the red, including Rio Tinto, Anglo American and Fresnillo, as gold and silver prices declined on the Comex. The mining sector
Read moreMeggitt posts rise in first-half profit, announces two contract wins
4th Aug 2015 08:23
(ShareCast News) - Shares in engineering company Meggitt rose sharply after it posted a 6% rise in underlying first-half pre-tax profit as stronger-than-expected military revenue offset challenging conditions in the energy market, and announced two contract wins. For the six months ended 30 June, pr
Read moreLondon pre-open: Europe likely to follow the US lower
4th Aug 2015 08:07
(ShareCast News) - City sources predict the FTSE 100 will open 25 points lower than Monday's close of 6,688.62. Overnight markets were mixed with the US down and Asia up, but Europe has followed the US, London Capital Group night editor Jonathan Sudaria said. "Gains in Asia, and in particular
Read moreFTSE 100 movers: Meggitt surges on merger mumbles, Carney chat hits housebuilders
14th Jul 2015 14:29
(ShareCast News) - London markets edged lower on Tuesday, as losses from housebuilders, engineers and financials eclipsed gains made by industrial metals. As of 14:00 BST, the FTSE 100 was trading 0.2% lower at 6,727. Shares in defence and aerospace engineer Meggitt rose following a report in the F
Read moreLondon midday: Homebuilders knocked lower by remarks from Carney
14th Jul 2015 13:09
(ShareCast News) - Bank of England Governor Mark Carney told the Treasury Select Committee Bank Rate may be headed higher a little bit sooner than markets anticipated, sending stocks - especially homebuilders - listed on the second tier index promptly lower. As of 12:13 the top flight index was off
Read moreMeggitt jumps higher on Cobham merger report
14th Jul 2015 09:00
(ShareCast News) - Shares in defence and aerospace engineer Meggitt rose on Tuesday following a report in the Financial Times that a merger with Cobham might be on the cards. Atif Latif, director of trading at Guardian Stockbrokers, said he sees the rationale of a tie-up between the two as a defence
Read moreFriday broker round-up
26th Jun 2015 10:11
ARM Holdings: Bernstein downgrades to underperform. GlaxoSmithKline: Liberum ups view to hold from sell. HSBC initiates coverage at buy with 1,700p target. AztraZeneca: HSBC initiates coverage at hold with 4,640p target. Qinetiq: UBS downgrades to sell from neutral. Meggitt: UBS raises view to ne
Read moreExane upgrades Meggitt and Spectris, downgrades Rotork
18th Jun 2015 11:16
Exane BNP Paribas took a look at the UK capital goods sector, updating its ratings on three stocks. It said that UK capital goods names are far more exposed to Oil &Gas than their European counterparts. "This exposure to what was once the sector's fastest growing end market explains why our names o
Read moreWm Morrison may hang on to FTSE 100 spot after Kantar data rally
3rd Jun 2015 15:16
Wm Morrison was all set to be kicked out of the FTSE 100, but thanks to strong sales growth data from Kantar Worldwide, which helped the shares to firm on Tuesday, it looks as though it will be able to hold on to its spot in London's top-flight index. According to the Kantar data, Britain's fourth-l
Read more