FTSE 250 movers: Housebuilders continue higher after UBS comments
27th Jun 2014 15:51
UBS helped housebuilders higher after it said that the positive fundamentals of the sector remain unchanged despite measures by the Bank of England announced yesterday to cool the housing market. It said that while a "policy over-reaction" is undoubtedly the biggest risk to the sector, this risk has
Read moreLondon open: UK stocks gain ahead of GDP revision, Imagination slumps
27th Jun 2014 08:34
- UK GDP revision due out, positive surprise possible - Bullard sees Fed lifting rates in Q1 15 - Imagination Technologies drops as Intel sells 9.3% stake techMARK 2,806.89 +0.17% FTSE 100 6,757.13 +0.33% FTSE 250 15,671.51 +0.16% London stocks opened tentatively on Friday morning, with small gain
Read moreNational Express retains Essex Thameside franchise
27th Jun 2014 07:53
National Express has retained the Essex Thameside franchise for a further 15 years, the Department for Transport (DfT) announced on Friday. The FTSE 250 group, which currently occupies the line as c2c, will now operate the service until 2029. "Under National Express the c2c service has radically
Read moreRotala settles legal row with National Express
2nd Jun 2014 07:31
Bus operator Rotala has done a deal to settle a legal dispute with rival National Express. Rotala, which runs buses in the West Midlands and north-west England, had been in dispute with National Express about the loss of contracts to run services on behalf of the international bus and train operato
Read moreNational Express on track for 2014 after positive start to the year
13th May 2014 08:13
Transport group National Express reported positive underlying trading since the start of the year and is on track to deliver its earnings expectations for 2014. Group revenue was up 2% at constant currency, with strong growth seen across all UK divisions, which it said had been supported by rising
Read moreWednesday broker round-up UPDATE
26th Mar 2014 08:51
Aberdeen Asset Management: Citi reduces target price from 455p to 390p and stays with its neutral rating. Acta: Cantor Fitzgerald places both its target price (prev.: 16p) and its buy recommendation under review. Alliance Pharma: Numis shifts target price from 38p to 39p upgrading to add. APR Ene
Read moreFriday broker round-up UPDATE
7th Mar 2014 09:39
AGA Rangemaster: N+1 Singer ups target price from 175p to 192p and maintains a buy recommendation. Aggreko: JP Morgan lowers target price from 1542p to 1536p and maintains a neutral rating. Goldman Sachs increases target price from 1876p to 1950p and keeps a buy recommendation. Numis upgrades to re
Read moreTravis Perkins Chief celebrates retirement and birthday with share sale
3rd Mar 2014 15:57
UK builder Travis Perkins on Monday announced that its soon-to-retire former Chief Executive Officer (CEO), Geoff Cooper, has sold a number of shares ahead of his official departure on Thursday, his 60th birthday. Cooper, who is staying with the company to remain as a part time senior management a
Read moreFriday broker round-up UPDATE
28th Feb 2014 09:51
Barratt Developments: Liberum Capital ups target price from 430p to 468p and keeps a buy recommendation. Deutsche Bank takes target price from 394p to 452p and retains a buy recommendation. Citi raises target price from 390p to 460p and maintains its buy recommendation. Bodycote: FinnCap increases
Read moreFTSE 250 movers: Kazakhmys soars on plans to separate assets
27th Feb 2014 15:40
Mining group Kazakhmys saw its share price rocket today after the group said it was considering separating the Zhezkazgan and Central regions, with a view to a potential disposal. The group's former Chairman, Vladimir Kim, has indicated he would consider creating a personally-owned vehicle to hold t
Read moreNational Express FY profit falls but UK coach motors ahead
27th Feb 2014 09:20
National Express blamed the loss of a UK rail franchise for a fall in annual underlying profit, but got a boost from a revival in long-distance coach travel. The bus and train company said group normalised pre-tax profit in the year to December 31st fell 12.4% to £143.7m as it handed back the Natio
Read moreTuesday broker round-up UPDATE
21st Jan 2014 08:17
BG Group: Credit Suisse ups target price from 1170p to 1200p, while leaving its underperform rating unchanged. BHP Billiton: UBS lowers target price from 2090p to 2060p, while its buy recommendation is kept. Diageo: UBS cuts target price from 2050p to 2000p maintaining a neutral rating. DP World
Read moreThursday broker round-up UPDATE
16th Jan 2014 08:59
Aberdeen Asset Management: Canaccord Genuity cuts target price from 586p to 540p, while its buy recommendation remains unchanged. Anglo American: UBS ups target price from 1500p to 1580p upgrading from neutral to buy. Antofagasta: Investec reduces target price from 716p to 685p maintaining a sell
Read moreWednesday tips round-up: National Express, Inmarsat
18th Dec 2013 08:21
National Express continues to progress following what was a very difficult turnaround over the last few years. The company is now generating plenty of cash and debt levels are coming down. More significantly, its recent acquisition of Petermann in the US seems to be paying off. Revenue derived from
Read moreLondon pre-open: Markets to pull back after strong surge
17th Dec 2013 07:30
Markets are expected to open in the red on Tuesday morning after a strong surge the day before as investors turn cautious ahead of US inflation figures out later on. City sources predict the FTSE 100 will open down 18 points from Monday's close of 6,522.2, as stocks pull back after a 1.3% jump the
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