Broker tips: Standard Chartered, Cairn, Rotork
3rd Mar 2011 13:10
Nomura has upgraded its recommendation for Asia-focused bank Standard Chartered following the lender's confident reiteration of a target of double-digit revenue growth in 2011. The broker ups the rating to 'neutral', from 'reduce', but queries the profitability of Standard Chartered's growth and th
Read moreBroker snap: CS cuts target price for Rotork
3rd Mar 2011 11:37
Credit Suisse cuts the target price for engineering firm Rotork, saying earnings margins aren't as good as its sector peers. Following the group's 2010 results reported earlier in the week, the broker reduces its 2011 underlying pre-tax profit forecasts by 2%, but increases 2012 estimates by 1%. T
Read moreLondon close: Shares in late dive as Mideast worries resurface
1st Mar 2011 16:43
The spectre of higher oil prices sent a chill down traders' spines late in the afternoon, sending shares plummeting into the red. The turmoil in the Arab World is behind the spike in crude, with a barrel for April delivery rallying towards $100 in New York. Worries over the possibility of protests
Read moreLondon afternoon: Hard going for Footsie
1st Mar 2011 14:53
It's proving a struggle in London with not long to go until the close, as Wall Street fails to inject much excitement and miners either see gains trimmed or disappear completely. Aerospace and vehicles engineer GKN has few friends. It bounced back into the black last year as all divisions bar aeros
Read moreLondon midday: FTSE 100 gives up gains
1st Mar 2011 12:07
The top share index is flat after giving up early gains, while company updates in the FTSE 250 have sparked big moves in both directions. Capita is the best performer in the FTSE 100 after the outsourcing group said it was in talks with Zurich about performing some administrative tasks for the ins
Read moreLondon open: Miners lift Footsie
1st Mar 2011 08:50
Overnight gains on Wall Street and an improvement in Asia this morning have propelled London higher first thing Tuesday. Copper miners Antofagasta and Kazakhmys are the best performers so far. CD and computer games retailer HMV has issued another profits warning and begun talks with its banks abou
Read moreLondon pre-open: Footsie to retake 6,000
1st Mar 2011 07:36
Overnight gains on Wall Street and an improvement in Asia this morning look set to propel London higher first thing Tuesday. News that billionaire investor Warren Buffett is on the lookout for major acquisitions helped push the Dow Jones up 95 points yesterday. The FTSE 100 is expected to react
Read moreRecord results for Rotork
1st Mar 2011 07:04
Valve and actuators group Rotork delivered record revenue and profit in 2010, with all three of its divisions making progress. Revenue rose 7.6%, or 6.5% using constant exchange rates (CER), to £380.6m in 2010 from £353.5m in 2009. The market had been expecting sales of £374.5m. Adjusted profit be
Read moreBroker tips: BT, Dixons, Rotork
26th Nov 2010 13:40
Exane BNP Paribas has upgraded the target price for BT on Friday following the announcement of an Indian deal. The broker has hiked its target price for the UK telecoms giant by 20% on the day the group agreed to sell a 5.5% stake in Indian IT outsourcing company Tech Mahindra to Mahindra & Mahindr
Read moreBroker snap: Rotork reassures on revenue
26th Nov 2010 13:23
Despite upping the target price for engineering firm Rotork, Panmure Gooden does not think it is steep enough to justify a change from its 'hold' rating. "Comfort levels concerning revenue and margin growth are on the up for Rotork and, accordingly, we increase earnings estimates through to 2012E",
Read moreLondon close: Late recovery not quite enough
19th Nov 2010 16:57
Shares recovered heading into the weekend but not enough to haul the leading share index into the blue. Outsourcing giant Capita, which yesterday said revenue growth in the second half of 2010 had been subdued due to government cuts in public spending, suffered more falls today. Miners continue to
Read moreLondon afternoon: Stocks still struggling
19th Nov 2010 15:31
A poor start on Wall Street has done nothing to help a recovery in London where the leading index is stuck near 5,700. Outsourcing giant Capita, which yesterday said revenue growth in the second half of 2010 had been subdued due to government cuts in public spending, is suffering more falls today.
Read moreLondon midday: Footsie stuck in the red as miners weigh
19th Nov 2010 12:11
Footsie remains firmly in the red amid losses in the mining sector. Outsourcing giant Capita, which yesterday said revenue growth in the second half of 2010 had been subdued due to government cuts in public spending, is suffering more falls today. Miners Rio Tinto, BHP Billiton, Kazakhmys and Angl
Read moreLondon open: Struggle in early trade
19th Nov 2010 08:31
An early retreat follows losses for the mining heavyweights, though it's Capita that leads the fallers Friday. Outsourcing giant Capita yesterday said revenue growth in the second half of 2010 had been subdued due to government cuts in public spending. Rio Tinto, BHP Billiton, Kazakhmys and Anglo
Read moreLondon pre-open: Blue chips to inch higher
19th Nov 2010 07:36
A small improvement is predicted for UK equities first thing Friday following big gains on Wall Street overnight and a subsequent rally in Asia. All eyes will remain on Ireland and efforts to agree a bailout deal worth over €80bn. The FTSE 100 is expected to add just 5 points at the start of play,
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