MARKET TALK: UBS Downgrades Pennon Group To Neutral From Buy
14th Jul 2010 07:18
0618 GMT [Dow Jones] UBS downgrades Pennon Group (PNN.LN) to neutral from buy following a period of outperformance. Year-to-date, Pennon has given a total return of 10%, outperforming the FTSE 100 and the sector by 10% and 21% respectively, notes UBS. In general, with inflation rebounding, credit c
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
14th Jul 2010 07:18
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0618 GMT [Dow Jones] UBS downgrades Pennon Group (PNN.LN) to neutral from buy following a period of outperformance. Year-to-
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
1st Jul 2010 11:55
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1055 GMT [Dow Jones] Ambrian upgrades Pennon Group (PNN.LN) to buy from hold and raises price target to 623p from 575p follow
Read moreMARKET TALK: Ambrian Upgrades Pennon To Buy From Hold
1st Jul 2010 11:55
1055 GMT [Dow Jones] Ambrian upgrades Pennon Group (PNN.LN) to buy from hold and raises price target to 623p from 575p following the company's better-than-expected FY results. Says pretax profit of GBP183.8M was GBP17.5M ahead of Ambrian's forecast. Also notes the dividend was increased by 7.4% to 2
Read moreUK SMALLCAP ROUNDUP: Hong Kong's MiLOC Group Plans AIM IPO
24th Jun 2010 12:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps MILOC GROUP, a Hong Kong-based healthcare company, is planning an initial public offering in London to raise funds to establish a network of traditional
Read moreUK SMALLCAP ROUNDUP: DS Smith Eyes Less Cyclical Business
24th Jun 2010 09:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps DS SMITH PLC (SMDS.LN), a packaging company, Thursday said it is targeting higher returns and less cyclical business as part of a major company review.
Read morePennon acquires Reconomy Recycling for £23.8m
24th Jun 2010 08:51
Water supplier and waste management group Pennon has expanded its recycling activities with the purchase of Reconomy Recycling, a UK materials recycling company, for £23.8m. Reconomy operates in East Anglia and the South Midlands and has materials recycling facilities in Wellingborough near Northam
Read morePennon Group Buys Reconomy Recycling Solutions For GBP23.8M
24th Jun 2010 07:39
LONDON (Dow Jones)--Water, sewerage and waste company Pennon Group PLC (PNN.LN) Thursday said its subsidiary Viridor Waste Management Ltd. has bought U.K. materials recycling company Reconomy Recycling Solutions Ltd. for GBP23.8 million. Pennon said the acquisition of Reconomy--which operates in
Read morePennon Group Plc Acquisition
24th Jun 2010 07:00
TIDMPNN RNS Number : 1464O Pennon Group PLC 24 June 2010 24th June 2010 Pennon Group Expands its Waste Management Business Pennon Group PLC announces that its subsidiary, Viridor Waste Management Limited, has acquired Reconomy Recycling Solutions Ltd (Reconomy), a leading UK materials recycling
Read moreMARKET TALK: VAT Hike Good For UK Water, Energy - Deutsche
23rd Jun 2010 07:19
0619 GMT [Dow Jones] The VAT increase announced by the UK Chancellor will benefit UK water and energy networks, says Deutsche Bank. Says the increase will be a benefit for the regulated networks since it will feed through to inflation via the retail price index. Says the government's revised RPI for
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
23rd Jun 2010 07:19
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0619 GMT [Dow Jones] The VAT increase announced by the UK Chancellor will benefit UK water and energy networks, says Deutsche
Read moreMARKET TALK: Budget Could Stall Mid/Small Cap Outperformance
16th Jun 2010 10:56
0956 GMT [Dow Jones] Next week's UK budget could mark the end of the outperformance of mid and small-cap stocks, due to their generally higher exposure to government contracts, says Deutsche Bank. Suggests the IT services sector, newspapers, defense stocks and housebuilders could continue to struggl
Read moreMARKET TALK: RBS Upgrades Pennon Group To Buy From Hold
14th Jun 2010 09:07
0807 GMT [Dow Jones] Royal Bank of Scotland upgrades Pennon Group (PNN.LN) to buy from hold, and raises its price target to 640p from 570p as it takes a look at the UK water sector. Says the company had a good year in '09/'10, with results sharply ahead of expectations. Also notes the dividend polic
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
14th Jun 2010 09:07
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0807 GMT [Dow Jones] Royal Bank of Scotland upgrades Pennon Group (PNN.LN) to buy from hold, and raises its price target t
Read moreLondon afternoon Markets in full-scale retreat
25th May 2010 14:35
Shares are in full-scale retreat around the World with the Dow over 250 points lower soon after the opening bell. London is lower by a similar amount in percentage terms, as concerns over a possible bail-out of Spain and growing military tensions between North and South Korea. Moves by Spanish reg
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