Broker tips: Glaxo, Rio Tinto, MITIE
18th May 2009 13:22
Drugs giant GlaxoSmithKline confirmed on Friday it has received orders for 127.9m doses of its anti-viral vaccine from four governments stockpiling medicines to be used in the treatment of the H1N1 flu virus. Broker Charles Stanley has estimated that these orders, along with other potential orders,
Read moreBroker snap: MITIE's peers preferred
18th May 2009 13:11
Support services MITIE delivered a solid set of results on Monday morning but broker KBC Peel Hunt sees better value elsewhere in the sector. The broker's earnings estimates for 2010 are at the lower end of the market range, at £80.6m for adjusted pre-tax profit. Ahead of the company's meeting with
Read moreLondon midday: Lloyds lifts market
18th May 2009 11:57
Leading shares are off the top but Footsie remains in positive territory despite the mining sector moving down virtually en masse. Vedanta is a rare bright spot among miners, benefiting from the bounce Indian stocks received in the wake of the country's election result. India's Sensex index surged
Read moreMitie full-year profit up 11%
18th May 2009 07:52
Support services specialist Mitie reported a 11% rise in full-year profits and said it sees opportunities for sustainable profitable growth. Pre-tax profit rose to £78.4m in the year ended 31 March from £70.6m last time as revenue increased 8.2% to £1,521.9m. The final dividend is up 15.0% to 6.9p
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