London midday: Markets pull back from five-month high as banks fall
23rd Oct 2013 11:15
Concerns over the Chinese economy and a weak performance by banking stocks halted a nine-day winning streak for UK markets on Wednesday, as investors chose to take profits following a strong run. The FTSE 100 snapped a nine-day winning streak this morning, pulling back from Tuesday's finish of 6,69
Read moreLondon open: Stocks snap nine-day winning streak
23rd Oct 2013 08:14
Equities pulled back from a five-month high on Wednesday with ex-dividend names weighing on markets in London as traders took a breather following a recent strong run. The FTSE 100 snapped a nine-day winning streak this morning to trade around 0.5% lower than Tuesday's finish of 6,695.66, the index
Read moreWednesday broker round-up UPDATE
25th Sep 2013 09:46
Amec: JP Morgan reduces target price from 1301p to 1243p and stays with its neutral rating. Amlin: UBS ups target price from 400p to 450p upgrading from neutral to buy. BAE Systems: UBS takes target price from 450p to 490p and maintains a buy recommendation. BHP Billiton: Alphavalue shifts target
Read moreJohn Menzies unveils double acquisition as profits move higher despite Distribution difficulties
20th Aug 2013 07:51
Half year pre-tax profit climbed higher at airport services and newspaper distribution group John Menzies, boosted by what it described as a 'solid' performance and two recent acquisitions. Pre-tax profit for the period totalled £18.4m (2012 H1: £16.4m) on revenue of £997.9m (2012 H1: £988.4m) as
Read moreMenzies Distribution wins contract extensions
9th Jul 2013 10:29
Menzies Distribution, the newspaper and magazine wholesaling division of John Menzies, has extended its contract with Associated Newspapers and COMAG. Under the new agreement with UK publisher, Associated, Menzies will continue to distribute its full portfolio of newspaper and magazine titles. Me
Read moreJohn Menzies renews contract with the Telegraph
21st May 2013 08:49
John Menzies has renegotiated the terms of its contract with the Telegraph Media Group for the distribution of its major UK newspaper titles in the UK and Ireland. Menzies Distribution, the division of John Menzies that distributes newspapers and magazines, will continue to provide its services to
Read moreMonday broker round-up UPDATE
20th May 2013 08:32
Alent: Credit Suisse initiates with a target price of 430p and an outperform rating. Amlin: Morgan Stanley ups target price from 428p to 469p, while maintaining an overweight rating. Anite: Espirito Santo cuts target price from 180p to 165p retaining a buy recommendation. Ashtead Group: UBS takes
Read moreLondon close: FTSE 100 hits new multiyear highs after US data
17th May 2013 16:29
The FTSE 100 rallied in afternoon trade after some better-than-expected economic data from the States, pushing the index to new five-and-a-half-year highs. A strong surge so far this month has now lifted London's equity benchmark to within touching distance of the 2007 high of 6,751. The Footsie ha
Read moreLondon midday: Markets rally as banks rise
17th May 2013 11:47
After a subdued start, the FTSE 100 pushed into positive territory ahead of the opening bell in New York with financials leading the rise after a broker upgrade. The Footsie breached the 6,700 mark yesterday for the first time since mid-2007 after 10 consecutive sessions in the blue, before falling
Read moreLondon open: Stocks pull back after strong gains
17th May 2013 08:32
The FTSE 100 registered moderate falls in early trading on Friday in aftermath of a series of disappointing economic figures, as markets pulled back after a strong showing over the last two weeks. London's benchmark index has gained around 4.0% since the start of May, rising to levels not seen sinc
Read moreJohn Menzies sees mixed Q1 trading as magazine market struggles
17th May 2013 07:49
Aviation and distribution group John Menzies reported mixed trading in its two divisions during the first quarter, causing shares to edge lower on Friday morning. The firm, which saw sales slip in 2012 owing to "tough" market conditions, said that trading at its aviation unit was ahead of last year
Read moreJohn Menzies director trades in 100,000 shares
11th Mar 2013 16:20
Ian Harrison, a non-executive Director of John Menzies, the FTSE 250 aviation and distribution group, has sold 100,000 at 766.00p each, it was announced Monday. The £766,000 transaction comes less than a week after the company pleased investors with an upbeat set of full-year results for 2012, desp
Read moreJohn Menzies performs well despite tough trading conditions
5th Mar 2013 11:25
John Menzies, the FTSE 250 aviation and distribution group, has pleased investors with an upbeat set of full-year results for 2012, despite difficult trading conditions at both its operating divisions. Revenue made a marginal decline to £1,996.8m (2011: £2.013.8m), but underlying pre-tax profit ro
Read moreTuesday broker round-up UPDATE
5th Mar 2013 07:15
Abcam: Investec raises target price from 466p to 484p and keeps a buy recommendation. Numis revises target price from 470p to 530p and maintains its buy ratng. Access Intelligence: Merchant Securities initiates with a target price of 7p and a buy recommendation. Amlin: Canaccord Genuity raises tar
Read moreLondon pre-open: FTSE to edge marginally higher in early trade
30th Jan 2013 07:28
City sources predict the FTSE 100 will open up two points from yesterday's close of 6,339, after the FTSE soared 0.71 per cent, or 45 points on Tuesday. This follows that main US equity benchmarks ending mixed yesterday evening after a day of ups and downs in economic and corporate data. US consu
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