Friday broker round-up UPDATE
7th Dec 2012 07:04
Bellway: Northland Capital raises target price from 1050p to 1150p and keeps a buy rating. Panmure Gordon raises target price from 957p to 1013p, while maintaining a hold recommendation. Berkeley Group: Panmure Gordon raises target price from 1390p to 1650p keeping a hold rating. Booker Group: Gol
Read moreLondon pre-open: FTSE to open flat as investors weigh up news
6th Dec 2012 07:30
City sources predict the FTSE 100 will open up just one point from yesterday's close of 5,892, as investors balance renewed hopes surrounding the 'fiscal cliff' in the US with concerns over the monetary policy decisions of the Bank of England (BoE) and the European Central Bank (ECB). President Ba
Read morePZ Cussons confident of growth
6th Dec 2012 07:09
PZ Cussons said trading in most of its markets was challenging, but that it was confident of a return to profitable growth in the current financial year. In a trading update the Imperial Leather soap maker said performance for the first half of the year had been in line with management expectations
Read moreWorkspace Group CEO boosts stake in company
1st Oct 2012 16:16
The Chief Executive Officer of Workspace Group, which specialises in providing office space to start ups, has purchased 112,525 shares, significantly boosting his stake in the FTSE 250 firm. Jamie Hopkins, who took on the role of CEO in April of this year, bought the shares at 266p each for a tota
Read moreLondon close: M&A rumour mill cranks up
19th Sep 2012 16:53
After trading in positive territory for most of the day Footsie dipped into the red after US markets opened lower, but bounced back into the black in the final 90 minutes of trading. The day started well with the Japanese central bank unexpectedly opting to beef up its quantitative easing programme
Read moreFTSE 250 movers: PZ Cussons rises on confident outlook
19th Sep 2012 15:46
Imperial Leather soap maker PZ Cussons was wanted after a well-received trading update. The group said it is confident of a return to profitable growth this financial year, though conditions remain difficult in its core market of Nigeria and challenging elsewhere. Striking workers at Lonmin's Mari
Read moreLondon midday: Gains ebb, financials weaken
19th Sep 2012 11:50
After getting off to a flying start after the Japanese central bank unexpectedly opted to beef up its quantitative easing programme London's leading shares ended the morning little changed. The Bank of Japan (BoJ) took markets by surprise with the announcement that it will increase the size of its
Read morePZ Cussons confident of return to profitable growth
19th Sep 2012 07:18
Imperial Leather soap maker PZ Cussons is confident of a return to profitable growth this financial year, though conditions remain difficult in its core market of Nigeria and challenging elsewhere. In a statement covering trading since June 1st, the group revealed that unrest in the north of Nigeri
Read moreLondon open: Tobacco stocks provide a drag early on
15th Aug 2012 08:28
- Greece to ask for more time - Markets await MPC minutes - Tobacco stocks fall on Australian plain packaging issue UK stocks slipped on Wednesday morning on the back of concerns over Greece and ahead of a keenly awaited report on US industrial output; tobacco companies were leading the decline in
Read moreLondon close: Stocks fall on Eurozone outlook
24th Jul 2012 16:40
- Spanish bond yields continue to set new records - Moody's turns 'negative' on Germany, Netherlands and Luxembourg - Croda surges after first-half results Equity markets spent another day in the red on Tuesday as concerns over the Eurozone continued to dampen the mood; following the two per cent
Read moreFTSE 250 movers: Provident Financial surges after Vanquis Bank performance
24th Jul 2012 15:48
Small loans specialist Provident Financial topped the risers list on Tuesday afternoon after reporting that its first-half performance was helped by a sparkling performance from its Vanquis Bank. The group reported a 17 per cent rise in pre-tax profits, while Vanquis Bank saw profits surge 60.2 per
Read moreLondon midday: Stocks lower as Spanish yields keep rising
24th Jul 2012 11:45
- Investors digest PMI data from China and Eurozone - Moody's turns 'negative' on Germany, Netherlands and Luxembourg - Spanish bond yields continue to set new records The Footsie was slightly lower by Tuesday lunchtime as Eurozone jitters continue to dampen equity markets. The index was swinging
Read morePZ Cussons still expecting profits growth this year
24th Jul 2012 07:59
Tough trading conditions in Nigeria and Australia plus soaring raw material costs took the shine off results for PZ Cussons, the 'Imperial Leather' soap maker. For the year to May 31st profit before tax and exceptional items was down 15.2%, in line with guidance issued at the time of the group's pr
Read moreStagecoach founder sells
29th Jun 2012 12:45
Non-Executive Director and co-founder of Stagecoach, Ann Gloag, on Friday sold 139,360 pounds-worth of shares in the transport firm, making the most of a recent rise in the share price following full-year results and positive comnments from broker Nomura earlier in the week. Gloag sold 52,000 at 2
Read morePZ Cussons to return to profits growth this year
14th Jun 2012 08:16
'Imperial Leather' maker PZ Cussons made no attempt to soft-soap the market as it confirmed profits are expected to be down a chunk on last year. The group's performance since its profit warning at the end of March has been in line with expectations, which means that, as previously flagged, profits
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