London midday: Stocks extend gains, RBS and IAG on the rise
23rd Jan 2012 11:46
- Markets await news from Greece. - Lagarde warns of "1930s moment"; - RBS rises on rumours of CEO waiving bonus. London's benchmark index had extended gains by midday with the market showing their optimism as investors awaited news from Greece. US stock futures were also pointing to a positive sta
Read moreMonday broker round-up - UPDATE
23rd Jan 2012 09:26
BAE Systems: Barclays Capital upgrades to overweight from neutral. Weir: JP Morgan downgrades to neutral from overweight. Royal Dutch: ING initiates coverage at buy. IMI: UBS downgrades from buy to neutral, target cut from 950p to 900p. Renishaw: UBS upgrades from neutral to buy, target hiked
Read moreLondon open: Footsie rises with Greece in focus
23rd Jan 2012 08:36
UK stocks rose on Monday with hopes that Greece can reach a deal with its bondholders boosting sentiment early on. The Institute of International Finance (IIF) seems to have hardened its stance in its negotiations with Greece. Charles Dallara, theManaging Director of the IIF, the body which is neg
Read moreUPDATE: Friday broker round-up
14th Oct 2011 08:59
Renishaw: finnCap downgrades from buy to hold, cuts target from 1,775p to 940p. Renishaw: UBS slashes target from 1,350p to 900p, neutral recommendation maintained. Renishaw: Singer Capital Markets slashes target from 1,350p to 900p, fair value rating kept. Royal Bank of Scotland: Evolution Secur
Read moreFriday tips round-up: Booker, Hargreaves Lansdown, Dominion Petroleum...
14th Oct 2011 06:52
Cash-and-carry business Booker managed to surprise the market with its interim figures yesterday, and analysts were left upgrading their forecasts for the full year, says the Tempus column in the Times. Halfway profit before tax was 22 per cent ahead at £45 million in the 24 weeks to September 9. Th
Read moreLondon close: Banks drag market lower after Fitch downgrade
13th Oct 2011 16:34
A late rally drove the Footsie back above the 5,400 mark, but the blue chip index still finished 0.71% down after Fitch dampened sentiment in the banking sector. Not helping the mood was the International Monetary Fund (IMF) which lowered its growth forecasts for Asia for this year and next. The re
Read moreFTSE 250 Movers: Renishaw drops after as disappointment
13th Oct 2011 12:58
Precision tool maker Renishaw's plummeted on Thursday after the firm admitted that revenue growth in the three months ended 30th September was lower than planned. Shares dropped over 18% after the firm said that revenues rose by just 15% in the first quarter to £70.5m, while pre-tax profit dropped
Read moreLondon midday: Renishaw and M&B in late morning dive
13th Oct 2011 12:08
Stocks have moved further into the red with a couple of announcements that came after the early morning rush sending stocks lower. Shares of precision tool maker Renishaw took a dive after the firm admitted that revenue growth in the three months ended 30September was lower than planned and Mitchel
Read moreUPDATE: First quarter revenues miss target at Renishaw
13th Oct 2011 11:25
Shares of precision tool maker Renishaw's plummeted on Thursday after the firm admitted that revenue growth in the three months ended 30th September was lower than planned. By 12:11, shares had tumbled 16.97% to 853.5p after the group revealed that revenues rose by just 15% in the first quarter t
Read moreSector movers: Burberry lifts personal goods sector
20th Sep 2011 16:31
Burberry was among the best performers on the FTSE 100 on Tuesday, pulling the personal goods sector higher. The iconic British luxury brand was 4% higher before the close of trade, after its Prorsum brand dazzled the fashion industry at London Fashion Week on Monday. Meanwhile, shares rose in sym
Read moreSunday tips round-up: Renishaw, Petrofac, Amlin
28th Aug 2011 18:50
Wotton-under-Edge is a quaint country town at the periphery of the Cotswolds. It is also home to Renishaw, a company making some of the most advanced tools and measuring systems in the world. The stock has lost a third of its value in less than a month, hit by concerns about global economic conditio
Read moreSector movers: Spectris bolsters gains in electronic sector
15th Aug 2011 15:17
Gains for FTSE 250 precision instrumentation and controls company Spectris are bolstering the electronic and electrical equipment sector on Monday. Spectris's shares rose 5% to 1,416p (3.35pm) after it announced that it is to acquire Omega, a privately held US business providing measurement and con
Read moreLondon close: Stocks slump after giving up rally
27th Jul 2011 16:49
Stocks finished deep in the red, giving up an earlier rally, after a poor showing on Wall Street. Energy supplier Scottish & Southern Energy suffered after going ex-dividend. Meanwhile, sector peer Centrica also fell, albeit by a lesser extent, after utilities firm British Gas (owned by Centrica)
Read moreFTSE 250 Movers: Provident Financial sees sharp rise
27th Jul 2011 13:42
Shares in Provident Financial jumped after the doorstep lender lifted half year profits on the back of higher customer numbers. Pre-tax profits in the half year to 30 June climbed to £62.3m from £54m as customer numbers increased to 2.4m from 2.3m. Pork products supplier Cranswick saw its share
Read moreRenishaw profit rises but shares slump
27th Jul 2011 12:53
Shares of precision tool maker Renishaw slumped 11% despite it reporting a rise in full-year pre-tax profits and higher revenue and raising its annual dividend. For the year ended 30 June, total group revenue surges 59% to £288.7m, including £8.9m revenue from acquisitions during the year, up from
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