Wednesday tips round-up: Croda, GKN, Provident Financial
27th Feb 2013 07:20
Over the last few years Croda has reinvented itself as an innovator producing advanced patent-protected ingredients for the cosmetics, coatings, agriculture and energy industries. Much of the growth has been organic, but Steve Foots, the Chief Executive, is particularly proud of his network of scout
Read moreLondon pre-open: Outlook for Italian election leaves FTSE set to plunge
26th Feb 2013 07:29
City sources predict the FTSE 100 will open down 112 points from yesterday's close of 6,355, after the Eurozone's strategy for dealing with the region's debt crisis was threatened by indications that an anti-austerity party looks set to come out on top of the Italian elections. Adding to investor
Read moreFull year pre-tax profit up 11.7 per cent at Provident Financial
26th Feb 2013 07:03
Profit before tax rose 11.7 per cent to 181.1m pounds in the full year ending December 31st at Provident Financial. The company, which provides home credit in the UK and Ireland, also posted strong group performance and dividend increase. Adjusted earnings per share were up 13.8% to 102.0p. Cust
Read moreWednesday broker round-up UPDATE
16th Jan 2013 07:16
Anglo American: Goldman Sachs reduces target price from 1650p to 1500p and reiterates its sell recommendation. Antofagasta: Goldman Sachs ups target price from 1100p to 1120p and still recommends to sell. ARM Holdings: UBS increases target price from 750p to 900p, while downgrading to neutral. As
Read moreProvident Financial to deliver results in line with expectations
15th Jan 2013 08:14
Non-standard lender Provident Financial has said it expects to report results for 2012 in line with expectations, with pre-tax profit coming in at around 180m pounds. The firm said that the Vanquis Bank continued to outperform expectations, and this compensated for a relatively subdued demand for
Read moreTuesday broker round-up UPDATE
20th Nov 2012 07:17
Beowulf Mining: Seymour Pierce initiates coverage with a buy recommendation and a target price of 18p. Berkeley Group: JP Morgan raises target price from 1616p to 1620p, overweight rating kept. Blinkx: Citigroup downgrades from buy to neutral. Compass Group: Investec raises target price from 740p
Read moreFriday broker round-up
26th Oct 2012 10:00
African Barrick Gold: Investec cuts target from 530p to 526p, hold rating kept. APR Energy: UBS cuts target from 600p to 530p, sell rating unchanged; Jefferies cuts target from 850p to 625p, hold rating kept. ASOS: Deutsche Bank downgrades to hold; Nomura ups target from 1,930p to 2,000p, neutral
Read moreMonday broker round-up - UPDATE
22nd Oct 2012 08:19
888 Holdings: Morgan Stanley ups target from 125p to 130p, overweight rating kept. Aggreko: Jefferies cuts target from 2,800p to 2,535p, buy rating kept; HSBC downgrades to underweight, target cut from 2,350p to 1,750p; JPMorgan Cazenove cuts target from 2,360p to 2,165p, neutral rating kept; Barcl
Read moreLondon open: Stocks flat with US earnings and EU summit in focus
19th Oct 2012 08:31
- Sentiment dampened by Microsoft and Google - EU summit in focus - Aggreko, Bunzl and financials provide a drag Worse-than-expected results from some US blue chips and the EU summit were in the spotlight on Friday morning, keeping UK stocks flat early on. "European equities are trading lower this
Read moreVanquis continues to drive Provident's growth
19th Oct 2012 07:56
High flying small loans specialist Provident Financial said its Vanquis Bank credit card division continued to trade ahead of expectations in the third quarter. The bank, which offers credit cards with lower credit limits than are the norm in the sector, has continued to deliver strong growth and s
Read moreThursday broker round-up
26th Jul 2012 10:41
ARM: UBS ups target from 630p to 645p, buy rating kept. Bodycote: Investec cuts target from 410p to 355p, buy rating kept. BSkyB:Jefferies keeps hold rating and 700p target; Investec keeps hold rating and 680p target. Capita: Jefferies ups target from 750p to 795p, buy rating kept. Capital & Cou
Read moreLondon close: Stocks fall on Eurozone outlook
24th Jul 2012 16:40
- Spanish bond yields continue to set new records - Moody's turns 'negative' on Germany, Netherlands and Luxembourg - Croda surges after first-half results Equity markets spent another day in the red on Tuesday as concerns over the Eurozone continued to dampen the mood; following the two per cent
Read moreFTSE 250 movers: Provident Financial surges after Vanquis Bank performance
24th Jul 2012 15:48
Small loans specialist Provident Financial topped the risers list on Tuesday afternoon after reporting that its first-half performance was helped by a sparkling performance from its Vanquis Bank. The group reported a 17 per cent rise in pre-tax profits, while Vanquis Bank saw profits surge 60.2 per
Read moreLondon midday: Stocks lower as Spanish yields keep rising
24th Jul 2012 11:45
- Investors digest PMI data from China and Eurozone - Moody's turns 'negative' on Germany, Netherlands and Luxembourg - Spanish bond yields continue to set new records The Footsie was slightly lower by Tuesday lunchtime as Eurozone jitters continue to dampen equity markets. The index was swinging
Read moreCredit card offering drives growth at Provident
24th Jul 2012 08:40
The credit crunch is starting to seem like a long time ago for Provident Financial, the small loans specialist, which saw a sparkling performance from its Vanquis Bank division in the first half of 2012. First half pre-tax profit rose 17.0% to £72.9m from £62.3m the year before, while earnings per
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