London open: Legal and General leads the Footsie higher
14th Mar 2012 08:28
- Legal and General jumps five per cent after solid 2011 - Majority of US banks pass stress tests - Osborne considering 100-year gilts London's blue chips rose strongly on Wednesday morning, led by financial stocks, following on from a surge on Wall Street last night. The Footsie opened up at level
Read moreTuesday broker round-up - UPDATE
13th Mar 2012 09:59
AstraZeneca: Panmure Gordon keeps buy rating and 3,600p target. Bellway: Credit Suisse maintains outperform rating. BG Group: Nomura raises target from 1,865p to 1,950p, buy rating kept. Computacenter: Panmure Gordon ups target from 490p to 501p, buy rating unchanged. Hays: Credit Suisse ups tar
Read moreWednesday tips round-up: Michael Page, Meggitt, Ashtead...
7th Mar 2012 06:54
Questor in The Telegraph isn't that keen on recruitment firm Michael Page International. It's made big gains since December on the back of increased hopes for the global economy. On the other hand, it's exposed to Italy and Spain, while banking in the UK is a major part of the business, and that has
Read moreBroker snap: Jefferies has some reservations about Meggitt's outlook
6th Mar 2012 17:31
Jefferies has maintained its hold recommendation and 300p target price for aerospace, defence and energy engineer Meggitt, saying that it has 'just a reservation or two' following the company's full-year results. Revenue in 2011 rose by a quarter to £1,455.3m from £1,162.0m in 2010, and roughly in
Read moreLondon close: Footsie drops nearly 2 percent on Greek worries
6th Mar 2012 16:57
- Uncertainties surrounding Greek debt-swap participation. - Oil falls as EU restarts talks with Iran. - Polymetal tumbles after UBS downgrade. Global stock markets tanked on Tuesday on the back of speculation that the Greek debt-swap may not receive as many acceptances as hoped for. The miners wer
Read moreFTSE 100 movers: Meggitt dives on gloomy outlook
6th Mar 2012 14:53
Meggitt, the engineering company focused on the aerospace, defence and energy markets, fell after warning investors that the outlook for defence expenditure in the US, its single most important military market, continues to be challenging in the medium term, given the requirement for the administrat
Read moreLondon midday: Greek default fears fuel sell-off
6th Mar 2012 11:24
- IIF warns of fall-out in case of Greek default. - Polymetal leads miners lower, Fresnillo bucks trend after results. - Centamin plummets after halting operations at Sukari. The FTSE 100 was trading over a whole percentage point lower by midday as Greek default fears rattled the markets just two d
Read moreTuesday broker round-up - UPDATE
6th Mar 2012 09:20
Serco: Credit Suisse lifts target price to 650p from 600p, remains at outperform. Capita: Credit Suisse revises target to 820p from 770p, retains outperform. Wolseley: UBS downgrades from buy to hold. Pace: Peel Hunt upgrades from hold to buy, raises target to 99p from 75p. International Power
Read moreLondon open: Stocks fall ahead of Greek debt-swap
6th Mar 2012 08:33
- IIF warns of 1trn euro damage to Eurozone. - Fresnillo bucks sector trend to rise after results. - Defensives in demand. With just a couple days to go before the Greek debt-swap deadline, investors were in a cautious mood as the Footsie slipped lower in early trading on Tuesday. Europe is awaiti
Read moreLondon pre-open: Slight drop predicted for FTSE opening
6th Mar 2012 07:39
City sources predict the FTSE 100 will open down five points from yesterday's close of 5,875, as concerns over China's economy linger on and positive US data fails to boost investor sentiment. Worth noting, today's Financial Times Deutschland is running an article entitled "Troika is preparing for
Read moreUS defence spending a concern at Meggitt
6th Mar 2012 07:11
Meggitt, the engineering company focused on the aerospace, defence and energy markets, saw strong growth across all of its markets in 2011. Revenue in 2011 rose by a quarter to £1,455.3m from £1,162.0m in 2010, and roughly in line with market expectations of £1,458.7m. The company said it continues
Read moreMeggitt wins trio of contracts
5th Mar 2012 07:27
Meggitt, the engineering group specialising in 'extreme environment' components, announced three mammoth contracts on Monday morning. The first is a deal to provide components for seven Hamilton Sundstrand thermal management packages on Pratt & Whitney PurePower geared turbofan engines, which will
Read moreAnalysts disappointed by BAE contract loss to Dassault
1st Feb 2012 15:44
Fitch Ratings has spoken out about the Indian government's decision to select Dassault Aviation over UK defence contractor BAE Systems for a major contract, saying the competition underlines the increasing importance of emerging markets in this space. "The deal demonstrates the growing importance
Read moreNew director at Meggitt
1st Feb 2012 13:39
Haluk Durudogan has to taken over as President of Meggitt Aircraft Braking Systems, replacing Ken Schwartz who left to pursue private ventures. Chief Executive of the aerospace and defence engineering firm, Terry Twigger, said: "Ken Schwartz led our aircraft braking systems division successfully
Read moreWednesday broker round-up - UPDATE
1st Feb 2012 07:03
Shire Pharmaceuticals: Credit Suisse maintains outperform rating and 2,350p target. Reckitt Benckiser: Credit Suisse maintains outperform rating and 3,800p target. easyJet: Credit Suisse maintains outperform rating and 503p target. Meggitt: Credit Suisse reiterates underperform rating and 330p ta
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