Meggitt sees 2013 revenue growth
1st May 2013 07:10
Aerospace components engineer Meggitt said revenues grew modestly in the first quarter of 2013 and it continues to expect mid-single-digit revenue growth for the year. Growth is expected to accelerate in the second half, reflecting the anticipated recovery in civil aftermarket, it said. Meggitt de
Read moreSector movers: Aero/defence stocks gain as MoD prepares for Budget
19th Mar 2013 14:46
Aerospace and defence stocks were making gains on Tuesday afternoon with less than 24 hours to go before the heavily-anticipated Budget Statement from Chancellor George Osborne tomorrow. In a pre-Budget cabinet meeting today, Osborne and Deputy Danny Alexander said that they intend to cut governmen
Read moreJupiter Fund Management Chief disposes of 750,000 shares
18th Mar 2013 16:28
Edward Bonham Carter, the Group Chief Executive of Jupiter Fund Management, has traded in 2.65m pounds-worth of shares just a few weeks since the group boosted its total dividend for 2012 by 13 per cent. Bonham Carter sold 750,000 shares at 350.75p a time, making a modest dent in his stake which n
Read moreThursday broker round-up UPDATE
14th Mar 2013 07:11
Amara Mining: After having been under review, Cantor Fitzgerald reinitiates coverage with a price target of 81p and a buy recommendation. Antofagasta: Citigroup shifts target price from 990p to 1000p, but retains its sell recommendation. Ashtead Group: Investec raises target price from 475p to 700
Read moreLondon midday: FTSE 100 pulls back from five-year highs
13th Mar 2013 11:33
Stocks pulled back from five-year highs on Wednesday morning as traders took profits after industrial production data from the Eurozone disappointed. So far this year, the FTSE 100 index has gained nearly 10% and was yesterday trading near levels not seen since late 2007. Weighing on markets this
Read moreTuesday broker round-up UPDATE
12th Mar 2013 07:19
Abcam:Investec shifts target price from 484p to 487p and keeps a buy recommendation. Admiral Group: UBS ups target price from 1200p to 1275p and reiterates a neutral rating. Amlin: Westhouse Securities raises target price from 440p to 455p, but downgrades from add to neutral. Anite: Numis reduce
Read moreFTSE 100 movers: Aviva dives after slashing dividend
7th Mar 2013 15:04
Insurance giant Aviva was forced to slash to dividend after swinging into the red in 2012, after taking a 3.3bn-pound write-down on a disposal in the US. Aviva also said that its overall situation does not warrant bonuses for executive directors for 2012 or pay rises for 2013. Shares dropped sharply
Read moreThursday broker round-up UPDATE
7th Mar 2013 07:25
Admiral: Nomura raises target price from 1350p to 1493p keeping a buy recommendation. African Barrick Gold: Nomura cuts target price from 435p to 200p and downgrades from neutral to reduce. Aggreko: Investec increases target price from 1750p to 1940p upgrading from hold to buy. Anglo American: No
Read moreWednesday tips round-up: Glencore, Meggitt, Ophir
6th Mar 2013 07:07
The rise in shares of Glencore and Xstrata, yesterday, was due to rising hopes that Beijing will indeed approve their merger. After all, it has already said 'yes' to the purchase of Viterra despite food security being a highly sensitive subject. Investors are also crunching the 'synergy' numbers alt
Read moreWednesday broker round-up UPDATE
6th Mar 2013 07:03
Advanced Medical Solutions: Investec takes target price from 68p to 74p and maintains a buy recommendation. Aggreko: Citigroup reduces target price from 2550p to 2100p, while keeping a buy rating. Ashtead Group: Citigroup raises target price from 590p to 660p leaving its buy recommendation unalter
Read moreLondon close: FTSE 100 hits a new high for the year
5th Mar 2013 16:11
UK equity markets charged higher on Tuesday, driven by comments from the US Federal Reserve, Services data, and a raft of upbeat company reports. Janet Yellen, the Vice Chair of the Board of Governors of the Federal Reserve, said on Monday that she believed the Fed needs to continue with its month
Read moreFTSE 100 movers: Serco in top spot
5th Mar 2013 14:20
British outsourcing group Serco was the strongest riser after revealing that full year revenue rose 5.7 per cent to 4.9bn pounds, underpinned by a strong performance in international markets. International energy services company Wood Group rose after it posted a 20% rise in revenue from continuin
Read moreLondon midday: Footsie hits new high for the year
5th Mar 2013 11:48
London stocks are holding near their best levels of the day and the year. That comes on the back of dovish comments from US Fed Vice-Chairman Janet Yellen - last night - and after signs that authorities in both Europe and China will loosen their fiscal policies in a bid to buttress growth. In that
Read moreMeggitt delivers positive set of results for 2012
5th Mar 2013 08:27
Meggitt, the FTSE 100 global engineering group, posted an upbeat set of results for 2012, with revenue and profit up, net debt lower, and a 12 per cent increase in the dividend. Underlying pre-tax profit for the year came in at £362.8m, up 12% from £323m the previous year, on revenues of £1,605.8m
Read moreLondon open: MPC expected to be watching services PMI data
5th Mar 2013 08:09
London stocks have begun the day higher, boosted by the strong showing seen overnight on Wall Street - on the back of dovish comments from US Fed Vice-Chairman Janet Yellen - and ahead of potentially key data expected to be released today, in the United Kingdom. At 09:30 Markit will release its se
Read more