London open: Markets flat ahead of Eurozone data
8th Jan 2013 08:24
UK stocks opened flat on Tuesday morning ahead of some key economic indicators from the Eurozone. On today's agenda, there will be unemployment figures in Italy, German factory orders as well as consumer confidence, jobless and retail sales data for the Eurozone as a whole. Market analyst Craig E
Read moreRexam shareholders in for higher-than-expected cash return
8th Jan 2013 07:18
As promised, Rexam has outlined details of its cash return following the completion of its Personal Care unit disposal, with shareholders in for a higher-than-expected 395m-pound windfall. The FTSE 100 consumer packaging giant had already pencilled in a cash return of around £370m. The two-part d
Read moreLondon close: Footsie ends 2012 on a dull note, fiscal-cliff weighs
31st Dec 2012 12:50
After a slight rebound late morning, the Footsie dropped to near its intraday low by the close of trade in a shortened trading session as US budget uncertainty dented risk appetite. Markets across Europe finished with mild losses today as they closed early for New Year's Eve. Fiscal cliff concern
Read moreLondon midday: Risk appetite scaled back ahead of fiscal cliff deadline
31st Dec 2012 11:19
UK stocks were trading firmly in the red by Monday lunchtime with less than 24 hours to go before the US fiscal cliff deadline, when 600bn dollars in automatic spending cuts and tax increases come into effect. Markets were even shrugging off some upbeat economic data from Asian powerhouse China ove
Read moreLondon open: Stocks fall ahead of fiscal cliff deadline
31st Dec 2012 08:26
The Footsie opened firmly in the red on Monday morning with just one day to go before the automatic spending cuts and tax increases in the US come into effect. Without a deal by politicians Stateside to avert the so-called fiscal cliff by tomorrow, analysts expect the US economy to plunge back into
Read moreRexam completes disposal of loss-making division
31st Dec 2012 08:07
Consumer packaging giant Rexam has completed the disposal of its Personal Care division, selling off the final part of the loss-making unit. The company, which proposed to sell the division back in July in two parts, has now received the approval from Chinese authorities for the sale of its Cosmeti
Read moreThomas Cook Chairman makes purchase following results disappointment
29th Nov 2012 16:48
The non-executive Chairman of Thomas Cook, the FTSE 250 travel company, has made a show of faith in the group as full-year losses widened on higher fuel costs and write-downs. Frank Meysman, who became Chairman one year ago, bought 100,000 shares at 24.57p a time for a total of £24,570. The comp
Read moreFriday broker round-up -UPDATE
16th Nov 2012 07:22
Anglo American: Deutsche Bank cuts target price from 2600p to 2520p and reiterates a buy rating. Atkins: JP Morgan Cazenove reduces target price from 862p to 859p, overweight rating maintained. Bodycote: Investec raises target price from 400p to 410p, buy recommendation remains unchanged. Brammer
Read moreLondon midday: Stocks slump on global economic concerns
15th Nov 2012 11:49
US budget talks, Eurozone debt concerns and violence in the Middle East combined to pressure stocks lower on Thursday, pushing the Footsie to levels not seen since early September. The FTSE 100 hit an intraday low of 5,687 early on, before recovering to around the 5,700 mark by lunchtime. The last
Read moreLondon open: Footsie drops to 10-week low on US and Eurozone fears
15th Nov 2012 08:50
The FTSE 100 sunk to a 10-week low in intraday trade on Thursday morning as worries about the US budget and uncertainty in the Eurozone continues to dampen stocks. The last time the Footsie closed lower was on September 5th when it finished at 5,658. Market chatter still abounds on the danger of t
Read moreRexam sees third-quarter weakness in Healthcare
15th Nov 2012 07:25
Rexam, the FTSE 100 consumer packaging giant, said that trading in the third quarter was 'broadly in line with expectations' despite weakness in its Healthcare division. The company, which manufactures 57bn drinks cans each year as well as injection-moulded products for the healthcare and household
Read moreRexam authorises successful bond issue
24th Oct 2012 09:27
Rexam, the global consumer packaging company, has authorised the issue of 750m dollars-worth of senior notes in the US private placement market, ahead of the one billion pounds-worth of bonds maturing in the first half of 2013. These newly issued notes comprise $545m notes due on December 18th 2022
Read moreThursday broker round-up - UPDATE
18th Oct 2012 09:24
Ashtead: UBS raises target from 375p to 400p, buy rating kept. ASOS: Panmure Gordon keeps buy rating and 2,530p target. AZ Electronic Materials: Goldman Sachs upgrades to conviction buy. Booker: Panmure Gordon keeps buy rating and 108p target. Britvic: Panmure Gordon keeps hold rating and 380p t
Read moreBroker tips: Compass, Nighthawk, Rexam
27th Sep 2012 16:00
Seymour Pierce has turned less positive on Compass Group, despite the contract caterer's fourth quarter numbers coming in ahead of expectations. According to the broker's calculations, the company's £0.5bn budget to buy back shares should be blown by the end of the year, at which point the question
Read moreBroker snap: Rexam showing relative strength
27th Sep 2012 15:34
If relative strength is one of your key investment metrics then packaging giant Rexam might be a stock for you, reckons merchant bank Beaufort International. Kenneth Pio D'Mello, a senior analyst at the bank, said Rexam has been added to the Beaufort top relative strength buy list. The chart-gazer
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