London pre-open: Markets spooked by Yellen comments
20th Mar 2014 07:45
UK stocks are set to track both US and Asian markets lower early on, as indicies around the world fell on the back of comments made by Federal Reserve Chairwoman Janet Yellen. The FTSE 100 is expected to fall around 40 points from yesterday's closing level of 6,573.13 early on. Yellen caught mar
Read moreFTSE 250 movers: Gold miners track Randgold higher
3rd Feb 2014 15:20
Gold miners Centamin and African Barrick Gold tracked sector peer Randgold higher after the FTSE 100 constituent said it hit targets for 2013, boosted gold production to a new record level and expects output to rise over the next five years. A 1.77% increase in the gold price, possibly in reaction
Read moreBroker tips: Lloyds, Rio Tinto, MITIE
3rd Feb 2014 12:50
Lloyds Banking Group is expected to report a 'small' statutory loss after tax after setting aside a provision to cover the cost of compensating customers for mis-sold payment protection insurance (PPI). The lender has put aside £1.8bn in the fourth quarter for PPI and a further provision of £130m r
Read moreBroker snap: MITIE a 'buy' after third quarter interims, says Investec
3rd Feb 2014 09:48
Investec has recommended buying shares in MITIE after the strategic outsourcing specialist reported organic growth in the third quarter, driven by a mix of new and expanded contracts. In its interim statement on Monday, MITIE said it was 'well-positioned' to deliver good organic growth and strong m
Read moreMonday broker round-up UPDATE
3rd Feb 2014 09:18
Advanced Computer Software: Panmure Gordon shifts target price from 132p to 139p and keeps a buy recommendation. AGA Rangemanager: Canaccord Genuity initiates with a target price of 300p and a buy recommendation. Avon Rubber: Canaccord Genuity initiates with a target price of 720p and a hold recom
Read moreMITIE sees uplift in bids in facilities management arm
3rd Feb 2014 08:00
Strategic outsourcing specialist MITIE´s financial year is progressing well, it said Monday. Furthermore, the company sees itself as 'well-positioned' to deliver good organic growth and strong margins in its facilities management and healthcare segments, although it has experienced some delays in
Read moreWednesday broker round-up UPDATE
22nd Jan 2014 08:33
Admiral Group: Numis raises target price from 1425p to 1710p upgrading from add to buy. African Barrick Gold: Deutsche Bank moves target price from 180p to 190p and keeps a hold recommendation. RBC Capital takes target price from 220p to 250p and maintains an outperform rating. JP Morgan ups target
Read moreMonday broker round-up UPDATE
20th Jan 2014 08:41
Admiral Group: Canaccord Genuity raises target price from 1160p to 1400p and upgrades to hold. African Barrick Gold: Westhouse Securities lowers target price from 170p to 160p and downgrades to sell. Alkane Energy: Liberum Capital downgrades to hold with a target price of 44p. Allocate Software:
Read moreMITIE acquires complex care firm
15th Jan 2014 09:10
MITIE Group, a strategic outsourcing company, has acquired complex care firm Complete Care. The business provides high acuity care at home to around 150 individuals with on-going complex clinical healthcare needs. MITIE said the firm would complement its existing domiciliary care operations in E
Read moreFTSE 250 movers: Merlin Entertainments, Serco, Vedanta
23rd Dec 2013 13:57
Merlin Entertainments was pushed lower by news that a blaze which broke out at the Chessington World of Adventures Resort, southwest of London, forced the outfit to close the theme park. Serco has made positive steps to rebuilding its reputation with the UK government after winning a contract exten
Read moreWednesday broker round-up UPDATE
27th Nov 2013 09:14
Aviva: Nomura moves target price from 474p to 489p retaining a buy recommendation. Bellway: Numis upgrades to buy with a target price of 1690p. Breedon Aggregates: Jefferies starts with a target price of 42p and a buy recommendation. Britvic: UBS ups target price from 575p to 600p and keeps a neu
Read moreFriday broker round-up UPDATE
22nd Nov 2013 08:04
African Barrick Gold: Westhouse Securities upgrades to neutral with a target price of 170p. Antofagasta: Investec cuts target price from 737p to 716p and keeps a sell recommendation. Bank of Georgia: Numis raises target price from 2101p to 2662p and maintains a buy recommendation. Canaccord Genuit
Read moreTuesday tips round-up: Petrofac, Mitie Group
19th Nov 2013 07:22
Petrofac's shares fell on Monday after reporting delays to two major contracts and downgrading its profit forecast for next year. With the contracts now not expected to start until 2014, investors are facing more risk as they have an uncomfortable year-long wait before a major ramp up in work, The D
Read moreFTSE 250 movers: AVEVA hit by Panmure Gordon comments
18th Nov 2013 15:57
Share in AVEVA were lower despite a broadly in-line set of first-half results after Panmure Gordon maintained its 'hold' rating for the engineering software firm, saying that the shares are still too expensive. Imagination Technologies was rising on reports that it today announced an IP combining a
Read moreMITIE Group reports first-half revenue growth
18th Nov 2013 09:48
- Profits up 9.5 per cent - Revenue grows 10.5 per cent - Dividend raised 6.5 per cent British outsourcing and energy services company MITIE Group posted a 10.5 per cent rise in revenue to 1.04bn in the first half, driven by growth in the Facilities Management division. Headline pre-tax profit i
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