FTSE 250 Movers: Christmas comes early for Thomas Cook
25th Nov 2011 13:23
Thomas Cook and market competitor TUI Travel were both on the up after it was reported that the cash-strapped Thomas Cook is set to survive though the Christmas period thanks to the support of its banks. According to speculation, the firm will recieve £100m to keep it afloat in the coming days. A
Read moreLondon close: Footsie drops 1.6% as miners take a tumble
17th Nov 2011 16:39
The Footsie may have finished 50 points off its intraday low of 5,370, but the blue chip index still recorded a loss of 1.6% as the Euro-crisis showed no signs of abating. Positive economic data from the US provided a little lift in the afternoon, but the steep decline seen from the outset proved to
Read moreFTSE 250 Movers: Amlin tops the charts
17th Nov 2011 15:14
Insurance firm Amlin was the top riser after it saw a 7.1% rise in gross written premiums for the 10 months ended 30 October, but warned full year results will be affected by ongoing market volatility and a rise in the number of claims made. Gross written premiums, the revenue expected to be genera
Read moreLondon midday: Stocks weighed down by euro fears
17th Nov 2011 12:03
The Footsie was trading nearly 2% lower by midday, with early high riser Glencore even falling into the red, as concerns over the Eurozone continue to dampen market sentiment. SKY-HIGH YIELDS; CITI WARNS OF DEFAULT RISKS Markets turned sharply lower after the results of Spain's latest debt auction
Read moreBroker tips: Imperial Tobacco, SABMiller, Mothercare
17th Nov 2011 12:00
Imperial Tobacco, the manufacturer of Golden Virginia tobacco and Lambert & Butler cigarettes, has hit the "tobacco wall", according to Nomura, which has downgraded its rating on the stock from buy to reduce. "[The] inability to expand margin as cost efficiencies run dry and the need to support sal
Read moreBroker snap: Peel Hunt remains a seller of Mothercare
17th Nov 2011 11:59
Following its disappointing first half results, shares in Mothercare sank over 10% on Thursday morning, with Peel Hunt not helping much as it reiterated its sell rating on the stock. The Watford-based babycare retailer recorded a loss before tax of £81.4m in the first half compared with a pre-tax p
Read moreDigital Look broker talk
17th Nov 2011 11:36
Intertek: "We believe management has good visibility on the full year by this stage and after 10 months the company is well on track to achieve FY11 guidance ('high single digit organic growth, margin 'close to' FY10), which we estimate to be c4% above current consensus EPS" [Credit Suisse]. Imperi
Read moreThursday broker round-up - UPDATE
17th Nov 2011 09:45
Intertek: Credit Suisse reiterates outperform rating and 2,250p target - "Focus List stock". Imperial Tobacco: Nomura downgrades from buy to reduce, target cut from 2,400p to 2,150p. British American Tobacco: Nomura raises target from 3,020p to 3,320p, buy rating maintained. Experian: Credit Suis
Read moreMothercare records half year loss
17th Nov 2011 07:14
Mothercare posted a first half loss compared to a profit a year earlier and while the International business goes from strength to strength, it expects the UK consumer environment to remain difficult through the key Christmas period. The Watford based babycare retailer also announced a structural a
Read moreUPDATE: Tuesday broker round-up
18th Oct 2011 09:21
BP: UBS raises target from 450p to 480p, keeps buy rating. Whitbread: Peel Hunt keeps buy stance and 2,096p target. Whitbread: Evolution Securities confirms buy recommendation and 1,750p target. F&C Asset Management: Singer Capital Markets cuts target from 70p to 65p, fair value rating kept. Be
Read moreLondon close: Stocks close lower despite rally
11th Oct 2011 16:35
Stocks rallied towards the close as uncertainty over the euro situation continues to stoke volatility, but the top share index still finished in the red. A much awaited vote in Slovakia has yet to take place. Opposition parties in the small central European state could move to block Slovakian appro
Read moreMothercare chief executive departs
11th Oct 2011 13:45
Investors have applauded news that the baby and toddler products retailer Mothercare is parting company with its chief executive Ben Gordon. He will be stepping down when the company releases its interim results on 17 November. The search for a new chief executive is underway. Shares in Mothercare
Read moreFTSE 250 Movers: Mothercare regains some ground
11th Oct 2011 13:36
Mothercare was topping the FTSE 250 leader board after its chief executive officer of nine years, Ben Gordon, announced that he is leaving the firm "by mutual consent" next month. Petropavlovsk was falling despite being upgraded by Numis from "add" to "buy". Centamin Egypt was also on the up afte
Read moreFTSE 250 Movers: Exillon Energy leading after oil discovery
6th Oct 2011 14:53
Eastern Europe-focused oil producer Exillon Energy gained more than 15% on its share price after announcing that it has discovered oil at the south-eastern part of the East EWS I field in Russia. Ukraine-focused iron ore producer Ferrexpo wasn't too far behind, jumping over 14%, after revealing tha
Read moreLondon midday: Footsie up 2% as BoE injects more money
6th Oct 2011 12:07
The Footsie has held onto gains following the Bank of England's surprise move to increase its asset purchase programme by a bigger-than-expected £75bn. In an announcement at midday, the central bank revealed that it has maintained its key Bank Rate at the historically low level of 0.5%, but raised
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