Thursday tips round-up: Persimmon, Interserve
8th Jan 2015 07:40
A detailed look at homebuilder Persimmon's trading update, the first from a company in the sector, shows the rate of growth is falling back. Despite this, and the current uncertainty surrounding the upcoming elections, last year's numbers indicate the company, and the wider sector, are still moving
Read morePersimmon sees 'strong momentum' as full year sales rise 23%
7th Jan 2015 08:08
In a strong pre-close update, housebuilder Persimmon revealed a 23% increase in full year revenues to £2.6bn and said it was confident of delivering strong growth in annual pre-tax profits and cash generation. The FTSE group, ahead of its unveiling of calendar 2014 results on 24 February, said that
Read moreLondon pre-open: Traders waiting on Eurozone CPI data while oil slides
7th Jan 2015 07:56
UK stocks were expected to open slightly lower on Wednesday ahead of the release of Eurozone consumer price data which was expected to show the single currency area on the brink of deflation. City sources predict the FTSE 100 will open between 12 to 15 points higher than Tuesday's close of 6,366.51.
Read moreLondon open: Stocks rise but FTSE 100 on track for annual decline
31st Dec 2014 08:54
London's stock market rose on Wednesday after a sell-off the previous session, but still looked set to finish 2014 in the red. The FTSE 100 was up 0.2% at 6,559 on the last trading day of the year, but has fallen around 2.8% since the start of January. For the month of December alone, the Footsie h
Read moreMonday broker round-up
29th Dec 2014 09:10
Capital & Regional: Numis ups target price to 64p and keeps its 'buy' recommendation. Persimmon: Deutsche Bank raises target price from 1533p to 1586p and retains a 'hold' recommendation.
Read moreLondon midday: UK stocks extends gains as markets track Wall Street higher
19th Dec 2014 11:07
UK stocks extended their winning streak into the fourth day on Friday as a welcome, albeit late, Santa Rally kicked in following the recent sell-off. The FTSE 100 was trading 0.3% higher at 6,486 by noon and has now gained nearly 5% since Tuesday. "He left it late this year, but Santa finally provi
Read moreLondon open: FTSE rises for fourth day as late Santa Rally kicks in
19th Dec 2014 08:27
UK stocks rose for a fourth straight day on Friday following massive gains on Wall Street the night before, with the Dow Jones index registering its biggest one-day gain in three years. London's FTSE 100 was up 0.6% at 6,506 in early deals and has now risen by over 5% since Tuesday. Mike van Dulken
Read moreThursday tips round-up: Sage, Homebuilders
4th Dec 2014 17:24
Analysts are sceptical about Sage's newly arrived chief executive, Stephen Kelly's, strategic plans for the software manufacturer. Nevertheless, the fact remains that Mr.Kelly's track record at his previous outfit, Micro Focus, shows that he is not afraid of 'shaking things up' if necessary. Indeed,
Read moreThursday broker round-up
4th Dec 2014 08:46
Aberdeen: Charles Stanley downgrades to 'hold'. Afren: Canaccord reduces target price from 115p to 65p, while staying with its 'speculative buy' recommendation. Amino Technologies: Northland moves target price from 120p to 130p and retains a 'buy' recommendation. Belgravium Technologies: WH Irelan
Read moreLondon close: Miners lead shares higher on gold price rise
7th Nov 2014 17:11
Miners and oil stocks led the London market modestly higher on Friday as gold and oil prices jumped on a weaker dollar and German trade data improved. Silver miner Fresnillo gleamed 34.5p to 734p and Randgold Resources glittered 58p to 4132p as gold prices rose about 2% and a barrel of US crude boun
Read moreFriday broker round-up UPDATE
7th Nov 2014 09:44
AstraZeneca: Deutsche Bank increases target price from 4100p to 4350p and reiterates its hold recommendation. AVEVA: Societe Generale reduces target price from 2250p to 2000p, while keeping its buy recommendation. Big Yellow Group: Citi raises target price from 470p to 540p and maintains its neutra
Read moreWednesday broker round-up UPDATE
5th Nov 2014 10:02
Associated British Foods: Exane raises target price from 3600p to 3700p, keeping its outperform rating. Citi reduces target price from 3200p to 3100p, while upgrading to buy. AVEVA: Liberum Capital reduces target price from 1500p to 1400p and keeps a hold recommendation. Investec reduces target pric
Read morePersimmon sees forward sales rise, but warns of planning delays
4th Nov 2014 07:53
UK housebuilder Persimmon painted an upbeat outlook on Tuesday, saying that it was "encouraged" by the level of customer confidence in the UK housing market with forward sales up 12% on last year. However, the company, which is the largest listed housebuilder in Britain, said it continues to experie
Read moreFTSE 100 movers: Smiths Group drops after results miss forecasts
17th Sep 2014 14:32
Engineer Smiths Group was leading the fallers on the FTSE 100 on Wednesday after missing expectations with a 5% fall in annual revenues to £2.95bn on the back of foreign exchange headwinds and a small disposal. Analysts at Deutsche Bank had expected a figure closer to £3.05bn. Beverage groups SABMil
Read moreMarket overview: Fed speculation ramps up after CPI data
17th Sep 2014 09:41
1630:Close UK stocks ended the session slightly lower, failing to partake in the gains seen elsewhere, as investors maintained a wary attitude ahead of Thursday´s Scottish referendum. Rightly so given the enormous significance of the event for Britain. European markets on the other hand were buoyed
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