Spouse cashes in CSR chips
5th Nov 2009 16:32
CSR chief technology officer James Collier's wife has sold 377,750 shares in the bluetooth and Global Position System chips maker at prices between 422.5p and 439.4p a share. That cuts Collier's stake to 1.02m shares, or 0.56%. On 2 March 2009, Collier exercised an option over 382,002 shares at 5.
Read moreThursday tips round-up: Logica, Rightmove, Aviva
5th Nov 2009 06:01
Most companies are looking at any way to cut costs during the downturn, which puts a company like Logica, one of the biggest UK-listed IT service providers, in a strong position. Yet, analysts fear that profit growth will not be huge next year and Evolution Securities rates the stock at 11.7 times p
Read moreRightmove on the right track
4th Nov 2009 07:59
Rightmove said August was the busiest month ever for its property web site, prompting advertisers to return to the service. The company said the last four months has seen ‘healthy growth’ in revenue and earnings, while cash generation remains strong. Usage of the web site has been running at recor
Read moreLondon afternoon: Footsie bursts through 4800
21st Aug 2009 14:15
Trading remains very thin in London but that has not stopped the Footsie from moving above the 4,800 level for the first time since October of last year. Insurance companies, with their huge investment portfolios, are naturally big beneficiaries of the continued market revival and they lead today
Read moreBroker tips: Booker, Rightmove, Stobart
21st Aug 2009 13:22
Booker hosted an investors event Thursday where it highlighted improvements in its Cash & carry offering. Singer Capital Markets, already a fan of the stock, was suitably impressed. Refits of Booker outlets are being done at a rate of around 30 a year and typically are paying back the cost of the i
Read moreBroker snap: Rightmove price target hiked
21st Aug 2009 13:20
Panmure Gordon has raised its price target on property web site Rightmove after the company's strong interim results. Panmure Gordon said Rightmove's first-half results were 'materially better than expected,' with the company now on track to achieve 2009 earnings before interest and tax not far sho
Read moreLondon midday: London's streak continues
21st Aug 2009 12:04
The wobble by global stock markets on Monday following last Friday's dismal US consumer sentiment figures seems a long time ago now as London looks well set to advance for the fourth day in a row. Insurance companies lead the advance in the wake of yesterday's surge by fallen US insurance giant AI
Read moreLondon open: Shares start lower
21st Aug 2009 08:17
London's top stocks have opened lower on profit taking ahead of the weekend and weaker Asian markets. Last night's gains in the US and yesterday's 10½ month high in London counted for nothing in the East today where stocks have tumbled. Hong Kong stocks were unsettled by fears the China's banking
Read moreLondon pre-open: Early slip in store
21st Aug 2009 07:39
UK blue chips are expected to give back a little of their recent gains early Friday, about 25 points, on profit taking ahead of the weekend and weaker Asian markets. Last night's gains in the US and yesterday's 10½ month high in London counted for nothing in the East today where stocks have tumbled
Read moreRightmove on track to trump year forecasts
21st Aug 2009 07:07
Property website Rightmove remains confident of beating expectations for the full-year after notching up its second highest monthly operating profit ever in July. The proud boast came as the firm reported a 6% drop in operating profit for the six months ended 30 June to £18.90m and 8% decline in pr
Read moreFriday preview: T Clarke, Rightmove
20th Aug 2009 15:54
Electrical engineering and contracting company T Clarke, which will report interim figures on Friday, warned last month that it does not expect to meet current market expectations for the year after it initiated a strategic review of the group. Given the difficult state of the markets in which it
Read moreBroker tips: Vodafone, Compass, Housebuilders
24th Jul 2009 11:55
Friday's quarterly trading update from telecoms giant Vodafone contained nothing worrying enough to persuade Morgan Stanley to changes its favourable stance on the stock. The US bank has maintained its "overweight" recommendation for Vodafone, saying the "valuation thesis remains compelling." "Und
Read moreBroker snap: Housebuilders' rally a 'false dawn'
24th Jul 2009 11:50
KBC Peel Hunt, a long time bear on the housebuilding sector, is once again exhorting its clients to take profits on the housebuilders in the wake of what it regards as "a positive spin" put on housing market figures by property web site Rightmove. "Rightmove has hailed the bottom of the housing mar
Read moreLondon close: Footsie finishes ahead
20th Jul 2009 16:41
London's top stocks remained in the same range and closed with good gains as financials and miners had a strong day. Wall Street starting higher also helped. Sentiment was lifted in the US after reports that lender CIT Group has obtained a last-minute emergency financing rescue deal worth $3bn. Ll
Read moreLondon afternoon: Strong US opening keeps Footsie ahead
20th Jul 2009 15:47
A strong start on Wall Street has kept Footsie in the blue though it has lost some of its early momentum. Lloyds Banking is the best performer on a weekend report it could post an interim profit despite enormous bad-debt provisions. Some of its most toxic sub-prime investments have clawed back bill
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