Monday broker round-up - UPDATE
14th Nov 2011 09:19
Barclays: Goldman Sachs cuts to sell from neutral. BG Group: Evolution Securities keeps buy recommendation and 1,800p target. BG Group: Nomura maintains buy and 1,750p target. ITV: Peel Hunt retains buy and 73p target. ITV: Investec maintains hold rating and 55p target. Cairn Energy: UBS cuts
Read moreReed Elsevier CFO to retire next year
6th Oct 2011 07:22
FTSE 100 information solutions firm Reed Elsevier has announced that chief financial officer Mark Armour is to retire from the board at the end of next year. Armour, who joined the group in 1995 and took up his current position a year later, said: "After 15 years as Chief Financial Officer I have d
Read moreLondon pre-open: Rally still has legs
6th Oct 2011 07:22
A strong showing on Wall Street yesterday has given renewed heart to London, where the top-share index is set to open around 50 points up from yesterday's close of 5,102. Bikes and car parts seller Halfords was thankful for its recently acquired Autocentres business, which notched up a 3.1% year-o
Read moreSunday share tips round-up: Entertainment One, Eros, Reed
2nd Oct 2011 17:04
"When markets fall the buying opportunities arise not just for investors, but also rival firms looking for acquisitions. (...) It is not yet clear whether Entertainment One will become the target of a successful bid. But that need not matter to investors who followed our tip. The approaches for the
Read moreTuesday tips round-up: Ricardo, Aggreko, Reed Elsevier
27th Sep 2011 06:48
Ricardo has never been busier turning out the sort of supercars that would seem to be out of the price range of anyone barring investment bankers and Russian oligarchs. The company's performance products division, which is the part of Ricardo that actually makes things as opposed to advising how to,
Read moreLondon close: Financials soar on Eurozone bailout hopes
26th Sep 2011 17:15
In a battle between booming banks and melting miners, the banks emerged on top, as Footsie reversed early losses to finish in the blue. Hopes that Eurozone governments will get their act together and seriously bumnp up the Eurozone bailout fund, while pushing through more severe "haircuts" - reduc
Read moreLondon midday: Banks power FTSE 100 rebound
26th Sep 2011 12:10
Stocks have rebounded strongly from their weak start, with a buoyant performance from the banking sector helping to offset continued weakness in mining stocks. Precious metals stocks in particular are in the firing line as prices for gold and silver continue their downward turn, bucking the usual r
Read moreLondon open: RBS, Barclays and Lloyds shrug off decline
26th Sep 2011 08:31
The top share index has recovered partially after tumbling below the 5,000 point mark on continuing worries over the Eurozone situation. Plans by European policymakers to up the amount of funds set aside to deal with the ongoing problems in Greece have failed to reassure markets. Miners lead the
Read moreLondon pre-open: Footsie to fall below 5,000
26th Sep 2011 07:32
Taking its lead from Asian markets, where continuing concerns over the Eurozone debt crisis have prompted a wave of selling, the blue-chip index in London is set to dive below the psychologically important 5,000 level at the outset, with City sources predicting the FTSE 100 will open down 79 points
Read moreReed Elsevier gobbles up Accuity
26th Sep 2011 07:04
Reed Elsevier, the publishing and business information giant, is to pay £343m in cash for Accuity Holdings, a US financial services compliance specialist. Accuity provides data solutions for the financial services industry and is seen as highly complementary with both Reed Elsevier's Bankers' Alman
Read moreFriday tips round-up: Reed Elsevier, Glencore, BAE
29th Jul 2011 06:34
Publishing and exhibitions business, Reed Elsevier's full-year results in February were pretty flat, indicating that further recovery would be gradual. First-half figures confirm this. The shares sell on an unexciting 12 times this year's earnings ? although as one analyst pointed out, their defensi
Read moreReed Elsevier´s revenues fell in the first half
28th Jul 2011 11:32
Business publisher Reed Elsevier today announced a 19% rise in first half profits, to £377m, despite a 3% fall in its revenues, to £2.9bn. Its adjusted operating profits, nonetheless, improved 2% to £774m, thanks in part to a 1.3 point increase in its operating margins, to 26.6%. The company´s free
Read moreFTSE 100 movers: ARM gets a lift from Intel
20th Apr 2011 13:12
Chip giant ARM Holdings is the best performer on the FTSE 100, boosted by last night's bullish report by US peer Intel, which predicted that second quarter sales will come in at about $12.8bn (give or take $500m), ahead of analysts' estimates. Copper and gold prices have boosted the miners, with X
Read moreWednesday tips round-up: Reed, UBM, Tesco
20th Apr 2011 06:34
Publisher Reed's in-line results were met with a slight bump in the share price with the company sticking with the guidance issued at its prelims, though it kept up the tradition of holding its cards close to its chest. Peer UBM's first-quarter statement was much more detailed, and investors liked
Read moreLondon close: FTSE 100 wins back some losses
19th Apr 2011 17:02
Shares staged a recovery after some heavy losses yesterday, though the gains were subdued by trading's close. Tesco fell even after new chief executive Philip Clarke delivered profits and sales that were in line with expectations as he unveiled the supermarket giant's results for the year to 26 Feb
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