London open: Footsie edges higher after Fed decision
19th Mar 2015 08:49
The Footsie began the morning higher as traders digested a surprisingly dovish set of macroeconomic projections from the US Federal Reserve overnight which set off sharp moves in all asset classes. At 09:15 the top flight index was 16 points higher at 6,961.30. As expected, the US central bank omit
Read moreLondon pre-open: FTSE set to edge higher in wake of dovish Fed
19th Mar 2015 07:41
The UK's blue chip index is expected to tack on between 13 and 17 points to yesterday's large gains, financial bookmakers said, as traders digest and react to the surprisingly dovish policy statement from the US Federal Reserve overnight. The US central bank opted to omit any reference to being "pat
Read morePremier Farnell posts better than expected full-year profits
19th Mar 2015 07:24
Electronics components distributor Premier Farnell reported a drop in adjusted profits before tax of 3% to reach £74m in 2014. That came on the back of a 0.8% fall in full-year revenues to £960.1m. However, the company's operating margins declined by less than forecast by analysts, slipping by 40 ba
Read moreN+1 Singer upgrades Premier Farnell to 'buy' despite poor outlook
6th Feb 2015 10:28
The share price of Premier Farnell was hammered in the previous session after a profit warning, but rebounded slightly on Friday after broker N+1 Singer revised its recommendation from 'sell' to 'buy'. The electronic components group warned on Thursday that full-year operating profit would be around
Read moreFTSE 250 movers:Premier Farnell plummets on weak outlook, Rexam up on M&A interest
5th Feb 2015 14:57
Electronics group Premier Farnell sank after warning that its full-year operating profit for 2015 would be lower than in the previous 12 months. The company cited discounting of the credit-card sized computer Raspberry Pi and strategic initiatives as the main factors weighing on its gross margins, w
Read moreLondon midday: Stocks retreat as Greek concerns rise
5th Feb 2015 12:08
UK stocks fell for a second day on Thursday as optimism surrounding the situation in Greece began to fade and a raft of corporate earnings and updates received a mixed reaction from the market. London's FTSE 100 was down 0.4% at 6,830 by midday, though had bounced off a low of 6,808.19 reached early
Read morePremier Farnell warns annual profits will fall
5th Feb 2015 09:41
Electronics and technology products distributor Premier Farnell warned that its full year operating profit for 2015 would be lower than in the previous 12 months. The FTSE 250 group said it expected operating profit to fall to between £86m and £88m for the 12 months to 1 February, from the £91.5m ge
Read moreLondon open: UK stocks fall as Greek optimism fades, corporate earnings mixed
5th Feb 2015 09:09
UK stocks declined on Thursday as newsflow from Greece prompted an element of caution on financial markets, as the FTSE 100 continued to retreat from a five-month high. London's blue chip index was down 0.4% at 6,836 early on, with updates from a number of blue chips receiving a mixed reaction from
Read moreMonday broker round-up UPDATE
17th Nov 2014 10:32
African Barrick Gold: Investec reduces target price from 262p to 170p and downgrades to sell. Associated British Foods: Liberum initiates with a target price of 3470p and a buy recommendation. Bodycote: Investec lowers target price from 750p to 745p and maintains its buy recommendation. Centamin:
Read moreLondon close: Stocks end marginally higher after Eurozone data
14th Nov 2014 16:40
UK stocks ended the final session of the week with modest gains, but struggled against weakness among the mining and energy sectors. The FTSE ended the week at 6,648.13, a gain of 12.68 points on the day and 80.89 on the week. "A combination of mining and energy company weakness has seen the FTSE s
Read moreFTSE 250 movers: Premier Farnell drops after warning on operating margin
14th Nov 2014 16:05
Shares in technology products distributor Premier Farnell took a hit after the group warned that its full-year operating margin would be "slightly" below prior year levels. The group experienced softer market conditions in Asia and Europe, which dragged the gross margin 0.5 percentage points lower.
Read moreLondon midday: UK stocks pull back from six-week high despite upbeat Eurozone data
14th Nov 2014 11:28
Mining and oil shares were leading the UK stock market lower on Friday as commodity prices weakened, with the FTSE 100 pulling back after hitting its highest level in a month and a half. Nevertheless, losses were only modest in London, with sentiment supported by some reassuring growth figures from
Read morePremier Farnell warns on full-year operating profit
14th Nov 2014 08:59
Shares in technology products distributor Premier Farnell took a hit on Friday after the group warned that its full-year operating margin would be "slightly" below prior year levels. The group experienced softer market conditions in Asia and Europe, which dragged the gross margin 0.5 percentage poin
Read moreLondon open: Resource stocks drag FTSE lower, but Eurozone data impresses
14th Nov 2014 08:28
UK stocks pulled back from their highest levels in a month and a half on Friday, though the downside was being limited by some rare positive economic data from the Eurozone. Figures released on Friday morning showed that both Germany and France returned to growth in the third quarter, reassuring the
Read moreFriday broker round-up UPDATE
31st Oct 2014 09:36
Afren: Deutsche Bank lowers target price from 110p to 105p, leaving its hold recommendation unaltered. Aviva: Barclays ups target price from 397p to 420p and reiterates its equal-weight rating. Barclays: Deutsche Bank lowers target price from 300p to 295p and leaves its buy recommendation. Country
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