FTSE 100 Movers: ARM Holdings leading the way
10th Oct 2011 13:49
ARM Holdings sits atop the leader board after RBS reiterated its "buy" status, a view contradicted by JPMorgan, who have set a 220 target share price for the firm, with the recommendation that clients be underweight in the stock. Imperial Tobacco was down as investors sold off typically safe stock
Read moreStrong response to National Grid's retail bond issue
30th Sep 2011 09:03
Power grid operator National Grid's campaign to almost single-handedly revive the corporate bond retail market passed another milestone as it announced the closure of the offer period for its inflation-linked sterling bond issue. The company said the final size of the bond issue is £260m. The 10-ye
Read moreNational Grid's bond issue targets retail investors
13th Sep 2011 14:39
Power grid operator National Grid is offering retail investors the chance to lend it money, by means of a bond issue with a coupon linked to the UK retail price index (RPI). The company has announced a 10-year bond issue that will pay interest semi-annually at a 1.25% annual gross rate of interest,
Read moreBroker tips: M&S, National Grid, National Express
13th Sep 2011 12:53
Singer Capital Markets has upgraded high street giant Marks & Spencer (M&S) from fair value to buy and upped its target price from 344p to 350p following the recent share price weakness and expected growth potential. "M&S has performed poorly this year, falling 25% between May and early September a
Read moreBroker snap: UBS downgrades National Grid on share price strength
13th Sep 2011 11:57
Following National Grid's year-to-date outperformance, UBS has cut its rating on the UK power and gas grid operator from buy to neutral but maintains its positive stance on the stock. Having outperformed the European utilities sector by over 35% in 2011 so far and reached the target price of 615p (
Read moreSunday tips round-up: G4S, Gem Diamonds, Amec ...
21st Aug 2011 16:25
Security firm G4S has a good record of performing in tough times. In the last downturn, its top line growth never fell below 2%, and it has typically expanded at two percentage points above gross domestic product, notes James Ashton in the Sunday Times. Half-year results this week are expected to sh
Read moreSunday tips round-up: Surgical Innovations, National Grid, Utilities
7th Aug 2011 14:51
Investors, "have a genuine appetite for risk and are looking for low-priced shares that may not pay out dividends but are expected to deliver good growth over the next few years," the Midas column at the Financial Mail on Sunday writes, and Surgical Innovations neatly fits the bill. The Leeds based
Read moreNational Grid signs agreement with Scottish Power
3rd Aug 2011 12:34
UK power and gas grid operator National Grid signed an agreement with Scottish Power, an Iberdrola subsidiary, to reduce production in the Logannet plant from August to October. The British company indicated that the goal is to reduce the load on the electrical system during maintenance. Specifi
Read moreLondon midday: Stocks fight back but stay lower
25th Jul 2011 12:07
London's leading share index has recovered from this morning's poor start, but remains a few points in the red. Today's most notable recovery has come from FTSE 250-listed Domino's Pizza. The pizza deliverer's shares fell this morning after it posted a rise in first half profits amid a tough climat
Read moreFTSE 100 movers: Gold stocks shine
25th Jul 2011 11:40
Gold production companies Fresnillo and Randgold were among the top risers in the FTSE 100 after the price of gold increased. Fresnillo was the biggest mover seeeing its share price rise 2.74% to 1,727.00p. Randgold Resources did less well but its shares were still up 1.16% to 5,660p. The price o
Read moreLondon open: Stocks retreat after rally
25th Jul 2011 08:29
Stocks have given back some of the gains posted ahead of the weekend, with company updates failing to impress investors. Domino's Pizza has gone cold. The pizza-deliverer posted a sharp rise in first-half profits in the first half of the year despite the tough economic climate, but the pizza delive
Read moreLondon pre-open: Off to a weak start
25th Jul 2011 07:43
Shares are set to start the week on the back foot, with the Footsie tipped to duck back below 5,900, as investors wait on the Republicans and President Obama to agree on a package of measures that will ensure that the USA's debt ceiling is raised. On the company news front, announcements are coming
Read moreYear has started well, says National Grid
25th Jul 2011 07:19
Power and gas grid operator National Grid's operational and financial performance since the beginning of April was described as 'solid' by chief executive, Steve Holiday. "We reconfirm our positive outlook for 2011/12 - we expect to deliver another year of good operating performance, although, as p
Read moreOfgem slaps £1m on Centrica's British Gas
1st Jul 2011 14:08
Energy regulator Ofgem slapped a £1m penalty on British Gas, a unit of Centrica, for misreporting the amount of electricity supplied under the government's renewables obligation. Ofgem said the error was caused by incorrect representation of the reporting requirements and insufficient procedures b
Read moreFTSE 100 movers: Ex-div stocks provide a drag
1st Jun 2011 14:07
National Grid, Vodafone and Marks & Spencer were among the blue chips that went ex-dividend today, providing a drag over the lunchtime period. Mining giant Rio Tinto is trading higher after announcing today that it is to establish a large-scale presence in commodity-hungry China with the formation
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