Broker tips: Vodafone, Schroders, Unilever
4th Feb 2011 13:31
Mobile phone titan Vodafone's upbeat trading statement on Thursday should improve sentiment and encourage a premium rating for the stock, Nomura Research believes. "Vodafone's US exposure should also command a premium given the more co-operative atmosphere at Verizon Wireless," where Vodafone hold
Read moreBroker snap: Strong 2010 expected at Schroders
4th Feb 2011 13:17
RBS expects Schroders to report another strong result for 2010, and given its undemanding valuation and strong balance sheet, the broker says that the fund manager remains a key 'buy'. For the year ended 31 December, RBS forecasts a revenue of £1.15bn compared with £0.75bn in 2009, and an operating
Read moreLondon close: Shares close lower despite M&A buzz
17th Jan 2011 16:39
London's leading share index is back below the 6,000 point mark after a sluggish day which saw downbeat miners offsetting mergers and acquisitions excitement. Miners such as Kazakhmys and Fresnillo were out of favour amid lower metals prices after China increased reserve requirements for banks in a
Read moreLondon afternoon: Footsie dips
17th Jan 2011 14:40
Leading shares lost ground over the lunchtime session, taking the Footsie back below the 6,000 level, with financials and miners featuring prominently among the losers. Miners such as Kazakhmys and Fresnillo are out of favour amid lower metals prices after China increased reserve requirements for b
Read moreThursday tips round-up: Prudential, Great Portland, Schroders...
11th Nov 2010 06:39
Prudential reported positive numbers yesterday, but the Independent is still put off by the ill-conceived £22bn bid for AIA that failed earlier this year and cost the insurer £350m. It is really a question about management, one that Prudential has yet to provide a satisfactory answer to, the paper
Read moreBroker snap: Performance fee surprise at Schroders
10th Nov 2010 13:12
Despite Singer Capital Markets upgrading full year forecasts for Schroders by 3%, the broker is retaining its 'fair value' rating for the fund manager and highlights a preference for Aberdeen Asset Management. With a record level of inflows in the year to date, assets under management (AUM) for Sch
Read moreBroker tips: Barclays, Prudential, Schroders
10th Nov 2010 13:08
Nomura expects downgrades to Barclays' consensus numbers after the banking giant's trading update on Tuesday. "We view consensus for fiscal year 2010 and 2011 as too optimistic", says analyst Robert Law. "We estimate £5.35bn for 2010, against a consensus of £5.8bn and have £6.8bn for 2011, against
Read moreWednesday tips round-up: Babcock, Drax, Asos...
10th Nov 2010 06:59
Babcock's hope is that its market rating, about 11 times next year's earnings per share, will edge forward to reflect its involvement in support services, where shares tend to sell on a multiple of nearer 14. This will take time, but the shares remain a strong hold says the Times. Coal-fired power
Read moreLondon close: Footsie adds gains as results impress
9th Nov 2010 16:58
Footsie added more gains Tuesday as a stream of company updates was mostly well-received. Fund manager Schroders muscled its way to the top of the Footsie leaderboard, seeing off competition from several other heavy hitters that have made trading updates today. Profits rocketed at Schroders during
Read moreSector movers: Schroders results boost financials
9th Nov 2010 16:30
Fund manager Schroders is helping lift the financial services sector higher. Profits rocketed at the company during the third quarter to more than twice the figure for last year thanks in part to net inflows of £5.4bn since the end of June. The company made £94.5m in the three months to 30 Septemb
Read moreLondon afternoon: Stocks come off the boil
9th Nov 2010 14:44
Investors creamed off a few profits over the lunchtime session pushing the Footsie back below 5900. Fund manager Schroders has muscled its way to the top of the Footsie leaderboard, seeing off competition from several other heavy hitters that have made trading updates today. Profits rocketed at Sc
Read moreLondon midday: Footsie climbs high as results impress
9th Nov 2010 12:21
Footsie has been hitting new highs in line with its pre-financial crisis levels as well-received company results drive the leading share index higher. Barclays is in demand after eked out a small increase in nine-month profit as a doubling of profit at the investment banking arm offset huge impair
Read moreLondon open: Results give Footsie a lift
9th Nov 2010 08:48
London has opened stronger than expected after the dip on Wall Street overnight, largely due to some well received trading updates from index heavyweights on a very busy company announcement day. Barclays eked out a small increase in nine-month profit as a doubling of profit at the investment banki
Read moreSchroders doubles quarterly profit
9th Nov 2010 08:34
Profit rocketed at fund manager Schroders during the third quarter to more than twice the figure for last year thanks in part to net inflows of £5.4bn since the end of June. The company made £94.5m in the three months to 30 September compared with £43.6m a year ago. That takes nine-month profit to
Read moreLondon close: Financials lead the way
9th Aug 2010 17:05
Leading equities trod water for the afternoon session consolidating strong gains made in the morning. Hopes that the US Federal Reserve will introduce new economic stimulus measures this week played well with the financial sector, with the likes of fund managers Schroders and St. James's Place and
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