Broker tips: Morrisons, Debenhams, Renishaw
7th Jan 2013 10:45
Seymour Pierce has reduced its target price for supermarket giant Morrisons from 250p to 230p and retained its 'reduce' rating for the stock following a 'disappointing' Christmas. "Despite soft comparables, Morrisons has had another difficult Christmas showing that management's more aggressive prom
Read moreBroker snap: UBS downgrades Renishaw to 'neutral'
7th Jan 2013 10:44
UBS has downgraded its rating for precision tool maker Renishaw from 'buy' to 'neutral', saying that it foresees little upside given the stock's impressive rise in 2012. Over the past 12 months, the shares have risen by over 87%, including Monday's near 3% fall. This was helped by the firm recordin
Read moreRecord first quarter for Renishaw
18th Oct 2012 15:26
Precision tool maker Renishaw chiselled out record revenues for the July - September quarter, with the top line over a third higher year-on-year. Revenue in the three months to the end of September - the first quarter of the firm's financial year- saw group revenue rise 36% to £95.9m from £70.5m th
Read moreLondon close: US data halts rally late on
25th Jul 2012 16:25
- Gains pared after US housing data - Markets shrug off UK GDP, rise on Nowotny comments - ARM surges after Q2 results; Tullow disappoints in H1 Markets seemed to shrug off disappointing UK economic growth data this morning as they warmed to comments from a European Central Bank (ECB) policy-maker;
Read moreFTSE 250 movers: Petropavlovsk rises after maintaining production targets
25th Jul 2012 16:06
Russian gold miner Petropavlovsk surged after maintaining its production targets for the full year and reported progress in its exploration work. Attributable production across its five mines for the second quarter was 158,300 ounces, a 10 per cent rise on the same period of 2011. Precision tool m
Read moreLondon midday: Footsie rallies despite poor UK GDP
25th Jul 2012 11:45
- UK deeper in recession - ARM jumps after beating expectations - Footsie bulls into the blue The Footsie pulled into positive territory by Wednesday lunchtime in spite of some miserable economic growth data in the UK. UK gross domestic product (GDP) figures released by the Office for National Sta
Read moreLondon open: Footsie nears one-month low as results disappoint
25th Jul 2012 08:44
- UK Q2 GDP data coming out soon - Footsie nears one-month low - BT, Johnson Matthey, Tullow and BATS disappoint The FTSE 100 index looks set to experience its fourth straight day in the red as concerns over the Eurozone outlook continue to dampen equity markets worldwide; investors in London will
Read moreRenishaw profit up 7pc
25th Jul 2012 07:46
Precision tool maker Renishaw posted a 7 per cent increase in annual pre-tax profit, boosted by strong demand across all its markets for its precision measuring products. The Gloucestershire based firm, whose equipment is used by dentists and for metal cutting, said adjusted pre-tax profit rose to
Read moreLondon close: Stocks slip as Greece heads for new elections
15th May 2012 16:30
- Greece fails to form coalition - Eurozone GDP unchanged in first quarter - IAG falls after downgrade, miners track metals prices lower London's blue chip index fell sharply for a second straight day on Tuesday as it was revealed that Greek leaders failed to form a coalition, meaning that the coun
Read moreFTSE 250 movers: Renishaw in top spot on good growth
15th May 2012 16:05
Precision tool maker Renishaw leapt into the top spot after saying that despite continuing global macroeconomic headwinds it has seen good growth over the year to date and has started to see signs of an upturn in the electronics market. Also wanted was Babcock, the engineering support services com
Read moreLondon midday: Footsie edges higher as Eurozone avoids recession
15th May 2012 11:55
- Eurozone GDP flat in first quarter - German GDP surprises to the upside - UK trade deficit narrows slightly The FTSE 100 was registering only slight gains by Tuesday lunchtime as Greek concerns continue to dampen sentiment. The benchmark lost almost two per cent of its value yesterday on speculat
Read moreLondon open: Stocks rebound on German GDP data
15th May 2012 08:27
- German GDP surprises to the upside - Eurogroup rules out Greek exit - G4S on track to meet full-year guidance Blue-chip stocks opened broadly higher on Tuesday morning following a steep sell-off yesterday which saw the Footsie set a new low for 2012. Helping sentiment this morning was an upwards
Read moreRenishaw sees signs of electronics upturn
15th May 2012 07:21
Precision tool maker Renishaw said despite continuing global macroeconomic headwinds, it has seen good growth over the year to date and has started to see signs of an upturn in the electronics market. Revenue for the third quarter ended 31 March 2012 rose to £81.6m from £78.4m the year before whil
Read moreLondon close: Footsie drops one per cent after gloomy data
2nd May 2012 16:38
- US ADP data well below expectations - Eurozone manufacturing, employment figures weigh on sentiment - Banks, miners among worst performers in London The Footsie finished close to its lowest levels of the day on Wednesday, nearly erasing its impressive rise the day before, as some worse-than-expec
Read moreLondon midday: Eurozone data dampens sentiment
2nd May 2012 11:42
- Eurozone jobless rate matches 1997-high - Eurozone manufacturing takes a hammering - Banks among the fallers, StanChart falls after first-quarter update London's blue chips slumped on Wednesday morning while most other major European markets traded moderately higher as they reacted to yesterday's
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