2nd May 2012 09:28
Stockbroking and investment banking firm, Numis Corporation, has been battered by declines in equity fundraising activity and secondary trading, but a bullish update has given investors confidence in the firm's business case. Total revenues for the six months to the end of March were £23.3m versus
Read more6th Jul 2011 10:05
Stockbroking firm Numis Securities has settled a claim against it regarding a private placing of shares in Rock Well Petroleum in 2007, in which Numis acted as the placing agent. Numis said it has agreed to pay $8m without any admission of liability. The claim that was brought against Numis by Fide
Read more4th May 2011 14:11
Stockbroker Numis saw profits fall in the six months to 31 March amid uncertain economic and market conditions. Pre-tax profits fell to £4.1m from £9.4m over the same period the previous year on revenues that fell to £26.5m from £31.3m. Among the deals Numis has been involved in are the floatation
Read more5th May 2010 12:52
Shares in Global Brands charged forward as the Domino's Pizza franchise holder in Switzerland reported strong trading in 2010 to follow a good end to 2009. Global says January sales increased 7.4% on January 2009, February sales increased 11.2%, March sales increased 14.5% and April sales increased
Read more3rd Dec 2009 06:17
The virtues of Sage ? a strong base of recurring revenues and tight management of costs ? remain intact. The pressure on sales is also likely to ease from here. However, at 221p, or 11 times current year forecasts, and yielding 3.5 per cent, their shares require something more than resilience if the
Read more2nd Dec 2009 17:09
Despite being weighed down by a number of ex-dividend stocks, Footsie finished the day in positive territory, with gains on miners outweighing losses on banks. With metals prices hardening, miners were in demand. Lonmin was the best performer after being raised to 'buy' by Investec, which also upgr
Read more2nd Dec 2009 14:52
Though banks are still looking sickly, Footsie has struggled into positive territory on the back of a strong mining sector. Royal Bank of Scotland (RBS) remains the biggest faller among blue-chips, with lingering concerns about its exposure to Dubai World's debt now overshadowed by with newspaper r
Read more2nd Dec 2009 12:11
After yesterday's strong gains, equities come off the boil today with banks, in particular, getting hammered, on enduring fears over exposure to Dubai debt. Royal Bank of Scotland (RBS) and Lloyds Banking are the big fallers among blue-chips, while elsewhere in the banking sector Barclays is also o
Read more2nd Dec 2009 08:41
London's blue chips have made a flat start despite gains for miners as gold hit a new record high. The metal rose above $1,200 per ounce again overnight in Asia as investors sought refuge from a weak dollar and Dubai's woes. Lonmin, Vedanta and Kazakhmys are all going well. Offsetting that are som
Read more2nd Dec 2009 07:37
Stockbroker Numis slumped to a loss of over £10m last year as write-downs on its investment portfolio and fewer company listings took their toll Revenue in the year to September fell to £47.5m (2008: £50.7m) with underlying profits down to 4.2m (2008: £8.4m). There was a pre-tax loss of £10.5m af
Read more9th Nov 2009 06:18
Kraft, the American food company, is poised to initiate a hostile takeover bid for Cadbury today at or slightly above the offer it made in September, which valued the British confectioner at £10.2bn, according to a person familiar with the deal. Last night Kraft was finalising plans to go directly
Read more1st Oct 2009 15:06
Independent investment banking and broking group Numis said its core business performance strengthened in the second half of the year to 30 September, after a tough start to the year. Combined commission and trading revenues reached record levels for the six months to 30 September as market activit
Read more11th Sep 2009 17:13
Thorntons chairman John von Spreckelsen has tucked into another helping of shares in the chocolate retailer, spending £55,000. He paid 110p a time for 50,000 shares, taking his holding to 1.05m, which is 1.54% of the firm. The shares have surged since von Spreckelsen last went on a spending spree
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