New abacus rattler at Reed Elsevier
16th Aug 2012 07:05
Publishing group Reed Elsevier has announced the appointment of Duncan Palmer as its Chief Financial Officer (CFO), having lured him away from US company Owens Corning. Palmer will take over from Mark Armour, who is retiring at the end of the year. Prior to working for building products supplier O
Read moreThursday newspaper round-up: StanChart, BoE, Osborne...
16th Aug 2012 06:54
Standard Chartered was attacked by one of the top lawyers in the City last night for agreeing a quick settlement of the money-laundering allegations that threatened to destroy the bank and warned that it could be forced to pay out billions more before it can properly settle the scandal. [...] City
Read moreLondon close: Stocks finish higher after late rally
8th Aug 2012 16:45
After an early fall, London's benchmark index rallied in afternoon trade to finish a few points higher, extending gains from the previous three sessions. The last time the FTSE 100 finished higher was on April 2nd when it hit 5,875. "Stocks and other risky assets have traded higher since Friday. C
Read moreLondon midday: Sentiment dampened by BoE and Greece
8th Aug 2012 11:46
- ECB optimism fades - S and P cuts Greek outlook to 'negative' - BoE slashes growth forecast The Footsie remained firmly in the red on Wednesday morning as optimism earlier this week about the situation in Europe began to fade, particularly as Greece's credit rating outlook was lowered by Standard
Read moreLondon open: Stocks slip on concerns over Greece
8th Aug 2012 09:02
- S and P cuts Greek outlook to 'negative' - Markets await BoE inflation report - StanChart rebounds after yesterday's sell-off UK stocks slipped in the opening hour on Wednesday, with the Footsie pulling back after a four-month high, after Greece's long-term sovereign rating outlook was cut by Sta
Read moreTuesday broker round-up
7th Aug 2012 09:22
AB Foods: Nomura cuts target from 1,400p to 1,380p, buy rating kept. BBA Aviation: Jefferies keeps buy rating and 250p target. Big Yellow: Goldman Sachs upgrades to conviction buy, target lifted from 360p to 390p. Devro: Investec keeps buy rating and 355p target. Diageo: Investec lifts target fr
Read moreFriday tips round-up: Unilever, Reed Elsevier, Intertek
27th Jul 2012 07:04
Questor in the Telegraph can't quite bring himself to recommend a buy of Unilever despite praising it to the hilt. Yesterday the Anglo-Dutch consumer goods firm posted a turnover increase of 11.5 per cent, which, in the current markets is an 'exceptional result' says the column. The only thing pre
Read moreLondon close: Markets surge on Draghi's euro pledge
26th Jul 2012 16:48
- Stocks surge on comments from ECB head - Peripheral bond yields drop - Rolls, ITV and Unilever lead gainers on Footsie Mario Draghi's pledge to do whatever it takes to save the euro saw stocks worldwide rocket toda,y as markets attempt to regain lost ground from the steep sell-off earlier this we
Read moreFTSE 100 movers: ITV leaps as Shell shares decline
26th Jul 2012 15:05
Broadcaster ITV surged after reporting double-digit revenues and profit growth in the first half, as its 'Transformation Plan' "continues to gain momentum", according to CEO Adam Crozier. Power systems group Rolls-Royce advanced after saying that underlying revenues and pre-tax profits rose 5% and
Read moreLondon midday: Stocks jump after Draghi comments
26th Jul 2012 11:43
- Draghi pledges to do whatever it takes - Greece still on investors' minds - Markets digest a ton of results After a pretty flat start on the back of a flurry of mixed corporate earnings in London, the Footsie rocketed in late morning after some comments from the European Central Bank (ECB) Presid
Read moreThursday broker round-up
26th Jul 2012 10:41
ARM: UBS ups target from 630p to 645p, buy rating kept. Bodycote: Investec cuts target from 410p to 355p, buy rating kept. BSkyB:Jefferies keeps hold rating and 700p target; Investec keeps hold rating and 680p target. Capita: Jefferies ups target from 750p to 795p, buy rating kept. Capital & Cou
Read moreReed Elsevier see growth across the board
26th Jul 2012 09:29
Shares in information solutions group Reed Elsevier rose strongly on Thursday after the firm reported decent underlying revenue and profit growth in the first half, with all five business areas contributing. Revenues increased by 5% from £2,904m to £3,053m in the six months to June 30th, up 5% on a
Read moreLondon open: Footsie opens flat after a flurry of results
26th Jul 2012 08:31
- Stocks mixed after a ton of results - Rolls and Reed Elsevier up; Shell and BG down - Eurozone concerns still weigh on sentiment The Footsie opened broadly flat on Thursday morning on the back of a mixed reception to a barrage of quarterly and half-year results from a mass of heavyweight blue chi
Read moreBig caps round-up: Shell, Lloyds, BG Group ...
26th Jul 2012 07:30
An extraordinary number of FTSE 100 companies released updates on Thursday morning. This is a round-up of the key points for each. AstraZeneca: Revenue for the second quarter was $6,660m, down 18% at constant exchange rates (CER). Core earnings per share (EPS) was $1.53 in the second quarter, a 6%
Read moreLondon close: Stocks rise on hopes for the US economy
18th Jul 2012 16:55
After a tentative start, stocks rallied on Wednesday afternoon on the back of some upbeat comments from Ben Bernanke, the Chairman of the US Federal Reserve. Meanwhile, markets gave a rather muted reaction to the minutes of the latest policy-making meeting in the UK. Bernanke, speaking on the secon
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