Sunday Tips round-up: Electrocomponents, Pennon, BTG
19th Jul 2009 10:27
The Sunday Telegraph has upped its stance on distributor Electrocomponents to buy from hold. Based on current forecasts the shares are trading on a March 2010 earnings multiple of 14.3 times, falling to 13.5 in 2011. The yield of 7.1%is well worth having - and this yield is based on expectation of
Read moreLondon afternoon: Downward drift continues
8th Jul 2009 15:36
The majority of blue-chip stocks remain lower on the day, though heavily weighted miners are limiting the extent of the fall on Footsie after positive broker comment this morning. Investec has upgraded Rio Tinto and BHP Billiton, advising its clients to take advantage of recent share price weakne
Read moreLondon midday: Footsie still flat
8th Jul 2009 12:02
On another directionless day with little in the way of company news to guide sentiment, Footsie sits just in the blue. Heavily weighted miners are limiting the extent of the fall on Footsie after positive broker comment this morning. Investec has upgraded Rio Tinto and BHP Billiton, advising its c
Read moreBroker tips: Water companies, Carnival, Taylor Wimpey
19th Jun 2009 13:19
Cruise operator Carnival's second quarter trading update yesterday has been generally well received by the investment analyst community, with Evolution, Numis and Charles Stanley all making positive noises. Charles Stanley said the second quarter figures were ahead of prior guidance and market cons
Read moreBroker snap: GS raises price targets of water companies
19th Jun 2009 13:15
Ahead of the five-yearly pricing review by Ofwat, the water industry watchdog, Goldman Sachs has been running the rule over the water companies, with mixed results. The US bank has reduced its price target for Northumbrian Water to 237p from 262p, and has a "sell" recommendation on the stock. It al
Read moreLondon close: Late rally not enough
8th Jun 2009 17:01
Footsie came off its lows towards the close of trading Monday but still finished lower, held back by a weak mining sector. Mining stocks Vedanta Resources, Eurasian Natural Resources, Anglo American, BHP Billiton, Rio Tinto, Fresnillo, Lonmin and Antofagasta all featured among the ten worst perfor
Read moreLondon afternoon: Lloyds rump placed at 60p
8th Jun 2009 14:20
Footsie clawed back some losses over the lunch time session but remains in the red, thanks largely to the weakness of miners, which are following metals prices lower. Mining stocks Vedanta Resources, Eurasian Natural Resources, Anglo American, BHP Billiton, Rio Tinto, Fresnillo, Lonmin and Antofa
Read moreLondon midday: Miners weigh down Footsie
8th Jun 2009 12:19
London's blue-chip index is doing its usual trick of following the miners, which today are in a down phase. The worst performers in the mining sector are Vedanta Resources, Eurasian Natural Resources, Anglo American, BHP Billiton, Rio Tinto, Fresnillo and Antofagasta. Hochschild Mining follows
Read moreLondon open: Bank news knocks Footsie
8th Jun 2009 08:40
Banking shares have dominated early trading after news from both Barclays and Lloyds, but investors have reacted cautiously in both instances. Barclays has confirmed talks are underway with US firm BlackRock over the future over its fund management arm Barclays Global Investors (BGI), which includ
Read moreLondon pre-open: Footsie to start lower
8th Jun 2009 07:40
Banking shares are likely to be in focus Monday morning after updates from both Barclays and Lloyds. Traders expect Footsie to drop 25 points early on. Barclays has confirmed talks are underway with US firm BlackRock over the future over its fund management arm Barclays Global Investors (BGI), whi
Read morePennon buys London waste recycling company
8th Jun 2009 07:27
Water group Pennon Group is beefing up its waste management arm with the purchase of London Recycling Limited. Viridor Waste Management, a subsidiary of Pennon, is paying £11m in cash for West Ham based London Recycling, a company which runs a full range of recycling operations. London Recycling h
Read moreComment: Cash-strapped consumers turn off the taps
2nd Jun 2009 17:19
Results from water companies show just how frugal UK householders are being as they cope with the credit crunch. South West Water, which serves 1.6m people in the West Country, saw revenues climb by 2.5% to £431.7m in the year to March 31, but owner Pennon said customers switching from unmeasured t
Read moreLondon close: Late rally not enough
2nd Jun 2009 16:46
A rally in the afternoon session was not enough to lift the Footsie out of negative territory, though second-liners were moderately firmer on balance. Bank Barclays was the day’s worst performing blue-chip after news of the sale by IPIC broke overnight. Khadem Al Qubaisi, managing director of IPIC,
Read moreLondon afternoon: Shares stuck in the red
2nd Jun 2009 14:40
Shares remain in the red after failing to find inspiration on Wall Street, which opened sluggishly. Bank Barclays is nursing a double-digit percentage decline after news of the impending sale by IPIC broke overnight. Khadem Al Qubaisi, managing director of IPIC, said that the sale did not represen
Read moreLondon midday: Profit takers move in
2nd Jun 2009 11:55
Profit taking was the theme of the morning as investors reduced equity exposure after yesterday's sharp rise while Barclays tumbled on the revelation that Abu Dhabi's International Petroleum Investment Company (IPIC) is to bank profits on its Barclays stake. Barclays is nursing a double-digit perce
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