Robert Walters hit by slowdown in Asia Pacific
5th Jul 2012 09:37
A banking sector slow-down in the Asia Pacific put a dent in net fee income in the second quarter at recruitment firm Robert Walters. Group profit in the second quarter fell 3 per cent, or 2 per cent on a constant currency basis, from £49.2m a year ago to £47.6m this time round, which the group hai
Read moreFriday broker round-up -UPDATE
25th May 2012 09:16
Aggreko: HSBC upgrades from neutral to overweight. Bumi: Nomura slashes target to 860p from 1,000p, stays at neutral. British Petroleum: Credit Suisse retains outperform, cuts target to 540p from 550p. ARM Holdings: UBS upgrades from neutral to buy, target lifted from 620p to 630p. BAE Systems
Read moreThree directors buy up shares in Aga Rangemaster
9th Mar 2012 16:18
Shaun Smith, the Finance Director of cooker maker Aga Rangemaster, has bought 16,090 shares in the firm, on the same day the company revealed a rise in operating profits despite falling revenue. Smith purchased the shares at 87.00p each for a total of £13,998. The Chief Executive, William McGrat
Read moreFriday broker round-up - UPDATE
2nd Mar 2012 09:28
Man Group: UBS raises target from 160p to 165p, buy rating unchanged. WPP: UBS ups target from 840p to 920p, buy rating kept. Standard Chartered: AlphaValue downgrades from reduce to sell, price target upped from 1,413.8p to 1,425.9p. IMI: Panmure Gordon keeps buy rating and 1,020p target. Cairn
Read moreThursday broker round-up - UPDATE
1st Mar 2012 09:33
RBS: Berenberg downgrades to sell from buy. Randgold Resources: Nomura maintains buy rating and 9,850p target. BG Group: Nomura maintains buy rating and 1,865p target. WPP: Nomura maintains buy rating and 990p target. BAE Systems: UBS ups target from 320p to 360p, buy rating unchanged. Capita:
Read moreLondon close: Footsie finishes below best levels
6th Jan 2012 17:17
London closed comfortably below its best levels of the day despite better than expected US jobless data which had some market commentators crying 'foul'. US non-farm payrolls grew by 200,000 during the month of December. The consensus estimate was for a reading of 155,000. Morgan Stanley has sugges
Read moreLondon midday: Man down as CS cuts target price
6th Jan 2012 12:40
After a quiet start, London's leading shares have kicked on a bit, ahead of the release this afternoon of US jobs data for December. The market is expecting US non-farm payrolls to have increased by 150,000 in December, an improvement on November's 120,000 increase. The unemployment rate is tipped
Read moreLondon open: Waiting on US jobs data
6th Jan 2012 08:54
Footsie is barely changed in quiet trading, as traders await this afternoon's release of US jobs data for December. The market is expecting US non-farm payrolls to have increased by 150,000 in December, an improvement on November's 120,000 increase. The unemployment rate is tipped to rise to 8.7% f
Read moreInternational diversification pays off for Robert Walters
6th Jan 2012 08:13
Fears that a fourth quarter trading update by recruitment firm Robert Walters might include a profit warning proved unfounded, though the group concedes that conditions in the UK market remain difficult. "Group net fee income for the year ended 31 December 2011 was up 18% [15% on a constant curren
Read moreFriday preview: Robert Walters, Caledonia, US jobs
5th Jan 2012 17:56
Profit warnings last month from rivals Michael Page and SThree suggest that Friday's trading statement from recruitment firm Robert Walters might not be for the squeamish. The consolation for holders of the shares is that a fourth-quarter slump in recruitment is already built into the price. Blue-
Read moreBroker tips: Tesco, Standard Chartered, Recruiters
8th Dec 2011 11:17
Today's update from Tesco has prompted a mixed reaction from brokers Nomura and Evolution Securities, who have given contrasting assessments of the supermarket chain's third quarter figures. Nomura is generally pleased with the statement, saying that the figures came in line with expectations. The
Read moreBroker snap: 'Choppy waters ahead' for recruiters, says Investec
8th Dec 2011 09:50
After two recent updates from recruiters confirmed a marked slowdown in the fourth quarter, Investec has reassessed its forecasts for the sector. The recruitment sector - which Investec highlights as "very economically cyclical" with "little visibility" - is expected to be held back by an recession
Read moreThursday broker round-up - UPDATE
8th Dec 2011 08:45
Tesco: Nomura keeps buy rating and 500p target. Tesco: Evolution Securities keeps reduce stance and 350p target. Tesco: Panmure Gordon keeps buy rating and 500p target. Standard Chartered: Nomura maintains buy recommendation and 1,800p target. PZ Cussons: Panmure Gordon cuts target from 380p to
Read moreBroker snap: Cautious outlook at Robert Walters, says Credit Suisse
12th Oct 2011 12:23
Credit Suisse has maintained its neutral rating and 250p target on recruitment firm Robert Walters, but says the outlook is more cautious following the firm's third quarter statement on Tuesday. Gross profit growth (at constant currency) slowed from 21% in the second quarter to just 8% in the third
Read moreBroker snap: Investec cuts target at Robert Walters
11th Oct 2011 09:58
While Robert Walters's third quarter profits were well ahead of last year, growth has slowed from preceding three months, causing Investec to scale back its target price by 15p. Gross profits rose by 13% in the third quarter to £48m, compared to a growth of 24% seen in the second quarter. Neverthe
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