Mouchel in advanced talks, shares jump
24th Feb 2011 13:03
Shares in Mouchel jumped after the outsourced services provider said it is in 'advanced discussions' with a potential bidder. Engineer Costain has bid for Mouchel, whose activities include providing CCTV-equipped cars used by local authorities to nab traffic offenders, twice in the past three month
Read moreFTSE 250 movers: Premier Foods extends gains
16th Feb 2011 14:36
Premier Foods is extending gains on yesterday's results after it announced that net debt fell £103m over the course of the year to £1,261m. However, total sales in 2010 eased to £2.57bn, from £2.66bn in 2009, a fall of 2.5%. Not far behind is Morgan Crucible, which set itself a target of doubling u
Read moreFTSE 250 movers: Greene King higher after update
31st Jan 2011 15:24
Brewer and pub owner Greene King is topping the risers list after it saw healthy trading over the past eight weeks despite the poor weather with all of its divisions in-line or improving from the half-year. Financial services firm Matrix has kept its 'buy' rating on Greene King. SThree also report
Read moreMitie on track despite property uncertainty
31st Jan 2011 07:36
Outsource specialist Mitie expects to hit forecasts this year as public sector business starts to pick up following the government's programme of cutbacks. "Mitie has made good progress during the year to date, securing new contracts as well as retaining and extending the scope of work with existi
Read moreTuesday tips round-up: Tesco, Kier, Diploma...
23rd Nov 2010 06:43
Tesco has already gobbled up Britain. Now it's looking to repeat the trick in Asia and there's a good chance it will pull it off. The group has sought to whet investors' appetites by flying analysts out to the region to show them what it is up to, unveiling some fancy looking targets for the Chine
Read moreLondon close: Lower finish as Irish relief fades
22nd Nov 2010 16:51
Footsie was nursing significant losses as trading closed after relief over the Irish bail-out gave way to concerns that the problems will now spread to other eurozone countries. Royal Bank of Scotland, which has strong exposure to Ireland on both sides of the border through its subsidiary Ulster B
Read moreLondon midday: Footsie gives up gains
22nd Nov 2010 12:06
Footsie has turned lower as the relief over the EU bail-out of Ireland fades. Miners got a boost on hopes the bail-out will stabilise the global economy but are now mixed. Xstrata is slightly higher but BHP Billiton and Rio Tinto are among the fallers. It's a slow start to the week on the compa
Read moreLondon open: Ireland gives market a lift
22nd Nov 2010 08:42
Markets opened strongly on hopes that Ireland's decision to accept a bail-out will mean some stability for the battered eurozone. Miners are leading the market higher with banks also in demand. Xstrata, Kazakhmys and Vedanta are the best of the metals-focused firms, while Lloyds and Barclays have p
Read moreMitie predicts public sector revenue boom
22nd Nov 2010 07:43
Mitie has grown interim profit by 12% and the outsourcing and asset management group is confident of meeting expectations for the full-year and picking up new government work next year. Profit before tax and one-off items was up to £47.5m in the six months to 30 September from £42.3m a year ago on
Read moreThursday tips round-up: LSE, Burberry, Northern Foods
15th Jul 2010 06:21
The London Stock Exchange has had a rocky ride recently, so much so that after moving back into the FTSE 100 index of blue chips stocks, it was booted off again in the June index review. Recent price changes have made the LSE more competitive, and compared to April, the exchange's share of trading
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
14th Jul 2010 07:55
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0655 GMT [Dow Jones] Mitie Group's (MTO.LN) interim management statement confirms trading is in line with expectations says K
Read moreMARKET TALK: Mitie Interim Statement Confirms Trading In-Line
14th Jul 2010 07:55
0655 GMT [Dow Jones] Mitie Group's (MTO.LN) interim management statement confirms trading is in line with expectations says KBC Peel Hunt. The brokerage continues to look for March '11 pretax profit forecast of GBP105.9M and '12 of GBP114.9M. it expects cash generation to remain strong, with March '
Read morePositive start for Mitie
14th Jul 2010 07:32
Outsourcing and asset management group Mitie said it had seen a positive start on the year, without any material changes to public sector markets brought about by government measures to address the deficit. Mitie, which provides services such as catering and security for government and the private
Read moreMITIE Current Trading, Earnings In Line With Management Views
14th Jul 2010 07:13
LONDON (Dow Jones)--MITIE Group PLC (MTO.LN), a strategic outsourcing company, said Wednesday it has had a positive start to the year with 78% of 2010/11 budgeted revenues already secured (June 30, 2009: 78%) MAIN FACTS: -Current trading and Group earnings are developing in line with managem
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
8th Jul 2010 07:58
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0658 GMT [Dow Jones] HSBC initiates coverage of European business services stocks. Says there has been some considerable vola
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