London afternoon: Banks lead the fight back
3rd Jul 2009 14:30
Share prices are creeping higher after yesterday's heavy falls, with banking stocks leading the fight back. Barclays, HSBA and Lloyds Banking lead the banking sector higher while insurers such as Aviva and Legal & General are also wanted. An exception to the general strength of insurers is Friends
Read moreLondon midday: Shares remain dull
3rd Jul 2009 12:02
Trading remains quiet in London, today after yesterday's excitement following dismal US unemployment figures. Friends Provident is the worst performing blue-chip as the market adjusts its share price to take account the demerger of its 52% stake in F&C Asset Management. Resource stocks are friendl
Read moreWednesday tips round-up: BG, Carpetright, Reed Elsevier
1st Jul 2009 06:45
BG is regarded as a perennial bid target, but it is the growth prospects of the group in Australian LNG, its assets in offshore Brazil and now US shale gas that are the real reasons to own the shares. The shares are trading on a December 2009 earnings multiple of 14.3 times, falling to 12.6 in 201
Read moreBroker tips: Property stocks, Stagecoach, Reed Elsevier
24th Jun 2009 13:01
Credit Suisse has turned bullish on the UK commercial property sector in the wake of effective monetary, banking and fiscal policy responses. The Swiss bank has raised its rating on the sector from "market weight" to "overweight" in the belief that "the UK economic momentum is better than any other
Read moreBroker snap: Citi cuts Reed earnings forecasts
24th Jun 2009 12:33
Shares in publishing firm Reed Elsevier have underperformed the market by more than 30% since March and broker Citigroup believes that while the strength of the dollar may account for some of that underperformance, doubts about the new management may have also played their part. Citi believes that
Read moreReed's Prozes in the money
27th May 2009 17:09
Reed Elsevier director and boss of the firm's LexisNexis business, Andrew Prozes, has pocketed over £400,000 from share sales. Prozes sold 10,600 Reed Elsevier American Depository Receipts (ADRs), equal to 42,400 ordinary shares, at $32.33 each. He also offloaded 14,600 Reed Elsevier NV ADRs, equi
Read moreBroker snap: Media stocks lifted by Goldman note
27th May 2009 09:59
The downturn in the advertising market has made life hard for media companies but the sector received a boost today from Goldman Sachs, which has upgraded some of the major players. Broadcaster ITV is upgraded from 'sell' to 'buy' and added to the US bank's 'conviction buy' list. Goldman Sachs anti
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