London open: Equities becalmed
1st Dec 2011 09:19
Footsie has been bobbing above and below the 5,500 level this morning as the market takes a pause for breath after yesterday's mad rush higher. REPAIR TO THE PUB DIY retailer Kingfisher is a top performer after a well-received trading update. The B&Q owner saw year-on-year like-for-like (LFL) sale
Read moreRotork buys small valve kits business
1st Dec 2011 08:41
FTSE 250 engineering group Rotork has beefed up its valve kits offering through the acquisition of privately-owned Prokits. Prokits is a designer and manufacturer of valve adaptor kits and accessories for the valve industry. It has gross assets of £0.6m. The sole owner of Prokits, Craig Mellins,
Read moreMonday broker round-up - UPDATE
21st Nov 2011 08:23
RBS: Banco Espirito Santo lowers to neutral, cuts target to 22p from 51p. Centrica: Investec puts target price under review, buy rating unchanged. Capita: Credit Suisse cuts target from 780p to 770p, outperform rating kept. Capital Shopping Centres: Seymour Pierce maintains reduce stance and 324
Read moreRotork acquires Fairchild Industrial for $75.8m
18th Nov 2011 07:53
FTSE 250 engineering group Rotork has acquired Fairchild Industrial Products for a net consideration of $75.8m. The acquisition is payable in cash and will be financed from existing reserves. $7.7m of the total sum will be deferred and held in escrow for two years. Fairchild, an asset-light compan
Read moreTuesday broker update: IAG, HSBC, Essar -UPDATE
8th Nov 2011 09:38
Tate&Lyle: J.P.Morgan downgrades to underweight from neutral. IAG: Credit Suisse cuts target too 152p from 164p. HSBC: Credit Suisse cuts target too 610p from 640p. Essar: Credit Suisse cuts target too 435p from 566p. Weir: Credit Suisse raises target to 2050p from 1850p. Astra Zeneca: Panmure
Read moreDigital Look broker talk -UPDATE
7th Nov 2011 09:37
RBS: "At c0.45x TBV, the shares already discount a lot of negative news. The group prospects are uncertain and vulnerable to downturns in the economy and financial markets. Our recommendations of Barclays and the two Far Eastern banks are more analysable. However, RBS does now look oversold to us, e
Read moreMonday broker update: Smith&Nephew, IAG, Tate&Lyle -UPDATE
7th Nov 2011 09:19
Taylor Wimpey: Peel Hunt keeps at sell. XChanging: Peel Hunt stay at sell. Tullet Prebon: Singer Capital keeps at buy. Bovis Homes: Panmure Gordon stays at hold. Rotork: Panmure Gordon upgrades to buy from hold. Lonrho: Panmure Gordon keeps at buy. Hammerson: Panmure Gordon keeps at buy. Smi
Read moreLondon close: Poor start on Wall Street fuels late sell-off
2nd Aug 2011 16:32
A poor start on Wall Street spurred a late decline in London on Tuesday, as the Footsie fell nearly 1% in afternoon trading, despite trading sideward for the majority of the day. The main US equity benchmarks are now trading firmly in the red following worse than expected economic numbers out in t
Read moreFTSE 250 Movers: Moneysupermarket.com flying high
2nd Aug 2011 12:37
Moneysupermarket.com is flying high after its share price soared after announcing a sharp incline in profits. After sponsoring the hit TV show 'Britain's Got Talent', Moneysupermarket.com has maintained its status as one of the country's best known price comparison websites and posted a sharp rise
Read moreLondon midday: Stocks fall back after flat start
2nd Aug 2011 12:16
Stocks are in negative territory now as investors digest a raft of company statements against a backdrop of ongoing worries about the debt situation in the US and in Europe. Investors are also digesting news that the US House of Representatives has voted through a bill to raise the debt ceiling in
Read moreBroker tips: HSBC, Rotork, Centamin
2nd Aug 2011 11:39
RBS has downgraded its rating on global banking giant HSBC from buy to hold and lowers its target price from 750p to 640p, due to uncertain economic conditions in the US and Europe. "The prospect of slowing economic growth in the US and Europe delays the all-critical gradual rise in US policy rates
Read moreBroker snap: Peel Hunt expects to raise numbers at Rotork
2nd Aug 2011 10:36
Peel Hunt expects to make upgrades to its full-year forecasts for Rotork, following the engineering group's strong interim results. "Strong order intake, record order book and ongoing activity levels have increased management's FY [full-year] revenue expectations," notes analyst Thomas Rands. As s
Read moreRotork optimistic after record first half
2nd Aug 2011 10:07
Shares in FTSE 250 engineering group Rotork jumped by over a tenth on Tuesday morning after record revenue in the six months ended 30 June led the firm to raise its expectations for the full year. The company, which makes valves for the oil and gas, power and water industries, said that revenue gre
Read moreFTSE 250 movers: William Hill bets on full year targets
21st Apr 2011 13:33
Bookmaker William Hill is the best performer after reporting an 11% rise in revenues in the 13 weeks to 29 March. "We have seen excellent growth across our business in the first quarter, enabling us to remain confident in our expectations for the full year," chief executive Ralph Topping said. Rival
Read moreRotork confident for 2011
21st Apr 2011 07:20
Bath-based engineering company Rotork said it has started the year well and its record order intake and current activity levels makes it confident in making further progress in 2011. The company, which makes valves for the oil and gas, power and water industries, said its order intake in the fi
Read more