London close: Stocks end the week in a cautious mood
30th Nov 2012 16:35
- Market pares gains by the close - Bundestag approves Greek aid - Eurozone jobless rate and US consumer spending disappoint UK stocks finished broadly flat on Friday, paring gains by the close of trade as markets headed into the weekend in a cautious mood on the back of uncertainty surrounding the
Read moreFTSE 250 movers: Dixons continues to surge
30th Nov 2012 14:30
Electrical retailer Dixons surged today, one day after beating first-half forecasts, after its CEO Sebastian James said expressed optimism that his company can benefit from Comet's demise. James said that its Curry and PC World divisions haven't seen "much disruption" from the fire sale by bankrup
Read moreFriday broker round-up UPDATE
30th Nov 2012 07:24
Aggreko: Berenberg initiates with a target price of 2010p and a hold recommendation. APR Energy: Berenberg starts with a target price of 610p and a sell recommendation. Babcock International Group: Berenberg initiates with a target price of 1180p and a buy recommendation. Barclays: UBS raises tar
Read moreThursday broker round-up UPDATE
29th Nov 2012 07:27
Aberdeen Asset Management: Morgan Stanley raises target price from 365p to 375p; keeping an overweight rating. ASOS: Societe Generale raises target price from 2500p to 2530p and reiterates its hold recommendation. Babcock International: UBS downgrades from buy to neutral. Barratt Developments: HS
Read moreWednesday Broker round-up UPDATE
14th Nov 2012 07:24
Anglo American: Deutsche Bank reduces target price from 2700p to 2600p, buy recommendation unchanged. Chemring: Credit Suisse reduces target price from 330p to 210p, neutral rating kept. CRH: UBS raises target price from 1110p to 1140p, neutral rating unchanged. Daily Mail and General Trust: Deut
Read moreLondon midday: Stocks drop after 'inconclusive' Eurogroup meeting
13th Nov 2012 11:46
- Greece granted two more years to hit targets - German ZEW surprises to the downside - UK inflation picks up in October The Footsie was stuck firmly in negative territory on Tuesday morning as worries about Greece's finances continue to weigh on sentiment, following the Eurogroup meeting yesterday
Read moreLondon open: Stocks drop as Greece given more time
13th Nov 2012 08:29
Concerns about Greece continued to weigh on sentiment on Tuesday morning, causing the FTSE 100 index to fall sharply in early trading. Meanwhile, there was news that China is "actively studying" the expansion of the property tax programme on concerns that transaction volumes and home prices could i
Read moreTuesday broker round-up - UPDATE
13th Nov 2012 07:11
Aveva Group: UBS raises target price from 1740p to 1810p and downgrades from neutral to sell. Balfour Beatty: Berenberg downgrades from buy to hold. Bovis Homes Group: Deutsche Bank raises target price from 578p to 599p and maintains buy rating. BTG: Deutsche Bank raises target price from 394p to
Read morePersimmon confident despite market constraints
13th Nov 2012 07:09
House builder Persimmon said the UK housing market continues to be challenging and mortgage availability remains the key constraint however it is still confident about future growth. "With the adoption of our new Long Term Strategy at the start of the year we remain confident of the future succes
Read moreLondon pre-open: Losses expected on concerns over global growth
8th Oct 2012 07:37
City sources predict the FTSE 100 will open down 31 points from Friday's close of 5,871, putting an end to the rally which followed better-than-expected jobs data from the US. However, the positive effect of the good news didn't last long and trading in Asia overnight has been poor. This downturn
Read morePersimmon buys family home builder
8th Oct 2012 07:06
House builder Persimmon said it had bought South East England builder Hillreed Homes for 35.7 million pounds. Hillreed, which is based in Kent and established in 1975, focuses on family housing and has a landbank extending to approximately 3,400 plots, including strong strategic land holdings, Per
Read moreWeekend newspaper round-up: Xstrata, Apple, China
27th Aug 2012 12:40
Qatar Holding is poised to raise its stake in Xstrata to 25 per cent should the miner's planned tie-up with Glencore collapse, giving it a de facto veto over any future merger. Sources close to the bid told The Sunday Telegraph that Qatar Holding has assured Xstrata's chief executive Mick Davis that
Read moreWednesday tips round-up: Persimmon, Afren
22nd Aug 2012 06:58
Questor in the Telegraph is keen on Britain's biggest housebuilder, Persimmon, mainly because the firm has committed to giving shareholders 620p per share in surplus capital over the next nine years. This amounts to a £1.9bn giveaway and despite profit taking yesterday (following a 48% share price
Read moreFTSE 250 movers: Heritage soars on sale of interest
21st Aug 2012 15:09
Oil group Heritage jumped after saying that it would sell Genel Energy its 26% interest in the production sharing contract relating to the Miran Block in Iraq. Sector peer Ophir Energy also gained after saying that it has successfully encountered gas at the Fortuna East-1 step out exploration well
Read morePersimmon beats profit forecasts in the first half
21st Aug 2012 07:42
While a lot of Persimmon's first-half figures were already guided to in the pre-close trading update last month, the house-builder still surprised to the upside with its profits coming in ahead of expectations. Underlying pre-tax profits (excluding exceptionals and goodwill impairments) jumped by 6
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