London open: Stocks edge higher ahead of US elections
6th Nov 2012 08:32
Stock markets across Europe opened tentatively on Tuesday morning as the world gears up for the presidential elections across the Pond later today. While all eyes will likely be on the US today, investors had plenty to distract them this morning in London, with a barrage of trading updates and res
Read morePennon wins London waste contract
6th Nov 2012 07:56
Water and waste group Pennon has signed a 25-year South London Waste Treatment Services Public Private Partnership (PPP) contract for the London Boroughs of Croydon, Kingston, Merton and Sutton. Pennon's subsidiary, Viridor South London, will treat the boroughs' residual municipal waste through the
Read moreFriday broker round-up
2nd Nov 2012 08:18
Associated British Foods: Panmure Gordon keeps hold rating and 1,300p target. Balfour Beatty: Goldman Sachs downgrades to neutral, target cut from 330p to 322p. BG Group: Deutsche Bank downgrades to hold, target cut from 1,700p to 1,350p; Liberum Capital downgrades to hold. British Sky Broadcasti
Read moreFTSE 100 movers: Financials, miners jump on increased risk appetite
16th Oct 2012 15:03
Financial and resource stocks were performing well on Tuesday afternoon as investors adopted a 'risk-on' attitude on the back of improved newsflow from the Eurozone and better-than-expected corporate results in the US. Lloyds, Admiral, Royal Bank of Scotland and Barclays were leading financials hig
Read moreLondon pre-open: FTSE to rise as UK outlook improves
9th Oct 2012 07:29
City sources predict the FTSE 100 will open up 15 points from yesterday's close of 5,842, despite news that the International Monetary Fund has slashed global growth forecasts. The UK was not immune to the downgrades: the economy is now expected to contract by 0.4% this year, down from the previou
Read morePennon bags Kent-based paper company
9th Oct 2012 07:05
Pennon, the FTSE 100 water services and waste management group, has acquired Pulp Friction, a paper collection and processing business based in Erith, Kent. The acquisition, made through Pennon's subsidiary Viridor, relates to the Pulp Friction business, assets and goodwill of a related business (S
Read moreThursday broker round-up - UPDATE
4th Oct 2012 07:57
BHP Billiton: Morgan Stanley cuts target from 2,180p to 2,100p, overweight rating kept. BTG: Deutsche Bank raises target from 384p to 394p, buy rating kept. Capita: Panmure Gordon keeps hold rating and 620p target. Carillion: Seymour Pierce keeps buy rating and 395p target; Panmure Gordon maintai
Read moreFTSE 100 movers: United Utilities rises on takeover speculation
19th Sep 2012 15:43
United Utilities rose into the top spot on the back of renewed speculation over a potential takeover. While one might be justified in being wary of simple speculation and rumours on this ocassion they were given credence by analysts at Bank of America-Merrill Lynch no less. This follows talk to a si
Read moreLondon close: Stocks inch higher, but Chemring rockets
17th Aug 2012 16:49
- Merkel backs Draghi's bond-buying proposal - US data lifts stocks late on - Chemring receives interest from The Carlyle Group Global equity markets were lifted higher on Friday on the back of hopes of imminent action from European officials and some decent economic data in the US. However, gains
Read moreFTSE 100 movers: Banks rise on Eurozone outlook
17th Aug 2012 15:35
Barclays, Royal Bank of Scotland and Lloyds were in demand today as banking stocks across Europe made gains on improving developments in the Eurozone, boosted by comments from German Chancellor Angela Merkel which expressed strong support for the 'save the euro at any cost' stance of European Centra
Read moreLondon midday: Stocks hold on to gains
17th Aug 2012 11:58
- Merkel backs Draghi's bond-buying proposal - Finland says to prepare for a Eurozone break-up - Lonmin pares losses after violent protests UK stocks edged higher on Friday morning on the back of positive remarks from German Chancellor Angela Merkel, though gains were also modest with just 19 point
Read moreFriday broker round-up
17th Aug 2012 09:22
Afren: Goldman Sachs downgrades to neutral. Borders & Southern Petroleum: Goldman Sachs downgrades to neutral. Coastal Energy: Goldman Sachs upgrades to buy. CRH: Credit Suisse downgrades to underperform. ENRC: Nomura cuts target from 500p to 400p, reduce rating kept. Faroe Petroleum: Goldman S
Read moreLondon open: Stocks rise as Merkel backs bond-buying
17th Aug 2012 08:24
- Merkel backs Draghi's pledge to do 'whatever it takes' - Lonmin drops as violence at South African mine escalates - European banks make gains Banking stocks were pulling the Footsie higher on Friday morning as optimism regarding the Eurozone increased with Angela Merkel backing Mario Draghi's bon
Read moreLondon pre-open: FTSE to track US stocks higher
17th Aug 2012 07:31
City sources predict the FTSE 100 will open up 14 points from yesterday's close of 5,835, tracking gains seen in the US and Asia over night. Investor sentiment was given a boost by comments from German Chancellor Angela Merkel, who said Germany was committed to doing everything within its power to r
Read moreTough times continue for Pennon's Viridor unit
17th Aug 2012 07:01
Pennon Group said trading since the end of March has been in line with management expectations, with the water operations going well and the waste management arm battling tough market conditions. South West Water is continuing its strong performance against the 2010-2015 regulatory contract and is
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