FTSE 250 movers: Spirax Sarco rises on sales increase
7th Nov 2012 14:55
Engineering group Spirax Sarco jumped after saying that organic sales increased six per cent in the four months to the end of October, ahead of the rate of growth reported in the first half. Online gaming software company Playtech was in demand after delivering impressive revenue growth in the thi
Read moreLondon midday: Footsie at eight-month high after Obama re-election
7th Nov 2012 11:22
- Footsie rises to eight-month high in intraday trade - Obama re-election sparks rise in metals prices - Randgold bucks the trend after disappointing Q3 Investors were in a bullish mood on Wednesday morning, celebrating the news that Barack Obama has been re-elected for another four years as Presid
Read moreBroker tips: Burberry, BT, RPS
7th Nov 2012 10:53
Seymour Pierce has reiterated its 'buy' rating and 1,500p target price for luxury brand Burberry after a better-than-expected first half. "On our current numbers, the shares are trading [at 16.1 times full-year earnings] which we believe is undemanding for its long term growth prospects. [...] We s
Read moreBroker snap: Panmure trims forecasts for RPS Group
7th Nov 2012 10:35
Panmure Gordon has reduced its price target for RPS Group from 270p to 242p and retained its cautious stance on the stock following a mixed trading update from the natural resources, land and property consultancy. RPS said it is on track to hit full-year expectations with results for the first nine
Read moreWednesday broker round-up
7th Nov 2012 08:59
3Leg Resources: Jefferies keeps buy rating and 100p target AB Foods: Barclays Capital ups target from 1,375p to 1,475p, overweigh rating kept; Nomura ups target from 1,380p to 1,500p, buy rating kept. Aberdeen: UBS ups target from 340p to 370p, buy rating kept. Babcock: Jefferies ups target from
Read moreRPS on track but trading mixed
7th Nov 2012 07:54
Natural resources, land and property consultancy group RPS Group said that it remains on track to meet expectations this year with results for the first nine months of the year well ahead of the 2011. The company said that it continues to secure over two-thirds of its fee income from the energy and
Read moreWednesday preview: Burberry, RPS, US election
6th Nov 2012 15:55
Fashion chain Burberry suffered a rare stumble in September when it issued a profit warning, but showed signs of getting the show back on the road in its last trading update on October 11th, with the group reporting that the quarter ended on a strong note. From Burberry's interim results on Wednesd
Read moreFriday broker round-up - UPDATE
14th Sep 2012 07:52
Aegis: Credit Suisse cuts target to 121.6p from 240p, maintains at underperform. Antofagasta: Nomura keeps buy rating and 1,450p target. ASOS: Peel Hunt downgrades to hold, target lifted from 1,800p to 2,100p. Daily Mail: Barclays reduces to equal-weight from overweight. Domino Printing: Jeffer
Read moreFriday broker round-up
3rd Aug 2012 08:17
Avanti Communications: Jefferies maintains buy rating and 600p target. BAE Systems: BarCap cuts target from 380p to 370p, equal weight rating kept. Cairn Energy: AlphaValue downgrades to sell. FlyBe: HSBC initiates coverage with overweight rating and 90p target. Hammerson: Credit Suisse lifts ta
Read moreLondon open: Markets look to the ECB for a boost
2nd Aug 2012 08:57
- Fed holds fire on further stimulus - BoE and ECB decisions expected later today - ECB expected to do 'whatever it takes' The Footsie rose moderately on Thursday morning in spite of the Federal Reserve disappointing US markets last night, as investors looked ahead to key policy decisions in the UK
Read moreRPS on track for full year
2nd Aug 2012 08:10
Natural resources, land and property consultancy group RPS posted a slight increase in pre-tax profit during the second half and said it remains on course to meet full year forecasts. The group, which provides advice on the exploration and production of oil and gas, revealed pre-tax profit of £19.9
Read moreThursday broker round-up
19th Jul 2012 09:43
Afren: JP Morgan Cazenove reiterates overweight. Avocet: Westhouse Securities upgrades to buy. Barclays: Goldman Sachs upgrades to neutral, target cut from 250p to 220p. BG Group: Credit Suisse downgrades from outperform to neutral, target cut from 1,660p to 1,500p. British American Tobacco: Inv
Read moreLondon pre-open: FTSE to track US and Asian stocks higher
19th Jul 2012 07:41
City sources predict the FTSE 100 will open up 12 points from yesterday's close of 5,686, tracking gains in the US and Asia. Signs of life in the US housing market and further pledges from the Federal Reserve Chairman to provide more stimulus measures should the US economy need it encouraged investo
Read moreRPS snaps up Aussie consulting firm
19th Jul 2012 07:23
RPS, the natural resources, land and property consultancy group, has acquired consulting firm Manidis Roberts, expanding its footprint in the water, transport and power-supply infrastructure markets in Australia. Manidis Roberts (MR), founded in 1988, is an environmental and project management cons
Read moreFTSE 250 movers: Homeserve up despite takeover denial
18th Jul 2012 14:59
Homeserve, the troubled emergency home repairs company, jumped despite denying it is in talks about a possible takeover. Shares were up nearly 13 per cent by mid-afternoon. RPC Group, a supplier of rigid plastic packaging, also rose after it generated first-quarter revenue on a similar level with
Read more