Premier Farnell agrees to buy Avid Technologies
20th Mar 2014 07:49
Premier Farnell has agreed to buy the business and assets of Avid Technologies Inc. for 13m dollars. The British distributor of technology products for maintenance and repair said the acquisition will allow it to expand in industrial control, a major focus for Premier. Avid, which provides hardwa
Read moreLondon midday: Stocks snap six-day losing streak after Crimea vote
17th Mar 2014 11:36
- Crimea votes to rejoin Russia - Russia-West tensions high after referendum - Housebuilders rise on Help to Buy, housing data - Glencore Xstrata leads miners higher, Vodafone gains techMARK 2,783.12 +0.64% FTSE 100 6,551.58 +0.36% FTSE 250 16,237.65 +0.70% UK stocks were performing well on Monday
Read moreLondon open: Stocks gain after Crimea vote, housebuilders rise
17th Mar 2014 08:49
- Crimea votes overwhelmingly to rejoin Russia - FTSE 100 bounces after three per cent fall last week - Housing stocks gain on Help to Buy extension - Vodafone to buy Ono for 7.2bn euros techMARK 2,784.02 +0.68% FTSE 100 6,552.67 +0.38% FTSE 250 16,257.31 +0.82% UK equities were making decent gain
Read moreWednesday broker round-up UPDATE
12th Mar 2014 09:03
Ashtead Group: Citi raises target price from 850p to 1075p keeping a buy recommendation. Barratt Developments: Goldman Sachs reduces target price from 527p to 502p and downgrades to neutral. British Land: Jefferies downgrades to hold with a target price of 707p. Brooks Macdonald Group: Canaccord
Read moreThursday broker round-up UPDATE
6th Feb 2014 09:23
ARM Holdings: HSBC reduces target price from 1120p to 1080p and stays with its overweight rating. Avon Rubber: WH Ireland raises target price from 650p to 765p and stays with its buy recommendation. Balfour Beatty: Liberum Capital ups target price from 300p to 350p retaining its buy recommendation
Read moreTuesday broker round-up UPDATE
4th Feb 2014 09:20
Alumasc: FinnCap ups target price from 142p to 167p and retains its buy recommendation. Barratt Developments: Barclays increases target price from 444.7p to 471.2p and keeps an overweight rating. Bellway: Barclays raises target price from 1498.1p to 1552.6p, but keeps an underweight rating. Berke
Read moreMonday broker round-up UPDATE
3rd Feb 2014 09:18
Advanced Computer Software: Panmure Gordon shifts target price from 132p to 139p and keeps a buy recommendation. AGA Rangemanager: Canaccord Genuity initiates with a target price of 300p and a buy recommendation. Avon Rubber: Canaccord Genuity initiates with a target price of 720p and a hold recom
Read moreLondon close: FTSE 100 lower after choppy session, ends January down 3.5 per cent
31st Jan 2014 16:30
- FTSE 100 bounces off lows but still firmly lower - Index at six-week low, finishes January down 3.5 per cent - Eurozone CPI ramps up pressure on ECB - BT leads risers on upbeat guidance techMARK 2,774.88 -0.20% FTSE 100 6,510.44 -0.43% FTSE 250 15,674.37 -0.17% The UK stock market finished the w
Read moreFTSE 250 movers: Serco recovers after profit warning slump
31st Jan 2014 15:16
Serco regained some of yesterday's losses, which saw shares dive as investors reacted to a profit warning in which the company predicted that 2014 profits would fall as much as 20 per cent short of the 277m pounds that the market had expected. Domino's Pizza was another high riser after saying tha
Read moreBroker tips: BT, Diageo, Shell...
31st Jan 2014 12:08
Broker Hargreaves Lansdown said BT was 'firing on all cylinders' after the telecoms company forecast annual earnings at the top end of expectations. The broker's Richard Hunter said broadband demand, a strong performance outside the UK and BT's new sport channels had combined to produce "an impress
Read moreLondon midday: Stocks sink after surprise dip in Eurozone inflation
31st Jan 2014 11:35
- BT lifts earnings outlook for full year - Eurozone CPI raises deflation risks - German retail sales fall - FTSE 100 down three per cent on the week techMARK 2,759.01 -0.77% FTSE 100 6,463.74 -1.14% FTSE 250 15,621.08 -0.51% After a subdued start, UK markets sank sharply into the red on Friday mo
Read moreBroker snap: Jefferies warns of margin pressure at Premier Farnell
31st Jan 2014 09:53
Premier Farnell's shares were suffering steep losses on Friday despite a decent pick-up in growth in the fourth quarter, with Jefferies highlighting pressures on margin progression at the web and technology group. The broker maintained its 'buy' rating and 250p target price, but cut its earnings pe
Read moreLondon open: Markets lower ahead of Eurozone CPI, BT gains
31st Jan 2014 08:56
- BT lifts earnings outlook for full year - German retail sales fall, Eurozone CPI ahead - FTSE 100 down two per cent on the week techMARK 2,777.63 -0.10% FTSE 100 6,519.07 -0.30% FTSE 250 15,723.63 +0.14% UK markets were in the red for a third straight day on Friday despite strong gains for heavy
Read moreLondon pre-open: FTSE to inch lower early on
31st Jan 2014 07:22
- FTSE to open down five points - January Eurozone inflation to be closely watched - Eurozone unemployment set to stay at 12.1 per cent City sources predict the FTSE 100 will open five points below yesterday's close of 6,538.45, tracking declines seen in Asia overnight after Japanese stocks fell on
Read moreSales growth picks up at Premier Farnell but margins under pressure - UPDATE
31st Jan 2014 07:07
- Full-year sales up 2.6 per cent - Operating profit in line with expectations - Margins to be flat next year FTSE 250 web and technology business Premier Farnell said that sales had picked up in the second half of the year with all regions contributing to growth. However, the stock fell sharply o
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