Tuesday tips round-up: JP Morgan India, GlaxoSmithKline, YouGov
13th Oct 2009 06:41
Some economists have suggested that India's growth may outstrip that in China over the next few years, as major exporting countries are still hampered by the slowdown in global trade. JP Morgan India Investment Trust's latest net asset value per share, on a fully-diluted basis, is 387.17p a share a
Read moreBroker tips: ITV, Ladbrokes, Speedy Hire
12th Oct 2009 12:36
The share price of bookmaker Ladbrokes has dived about 9% since the company announced a slide in profits and a cash call last Thursday, though things could have been worse, according to Nomura Securities. 'Judging by the market's reaction, it was expecting a weak Q3 [third quarter] trading update.
Read moreBroker snap: Pace sluggish at Speedy Hire
12th Oct 2009 12:31
Panmure Gordon has turned bearish on Speedy Hire after the plant hire firm saw little sign of the normal seasonal pick-up at the start of the second half of its financial year. The broker has reduced its earnings forecasts for the company following Monday's trading update. 'First half turnover ha
Read moreSpeedy Hire broadly in line after cost cuts
12th Oct 2009 07:28
Plant hire firm Speedy Hire said earnings are broadly in line with company expectations, following aggressive cost cutting, but whilst trading in recent months has begun to stabilise, risks to the group's revenue forecasts remain on the downside in the short term. "With no sign of improvement in
Read moreLondon close: Rally continues
21st Jul 2009 16:44
Footsie finished just shy of the 4,500 mark after another day of gains as the rally continues. Wm Morrison led the way after saying it is confident full year results will be ahead of its earlier expectations due to continuing customer growth and the successful implementation of its cost cutting pla
Read moreLondon afternoon: Advance gathers speed
21st Jul 2009 14:11
London kicked on over the lunchtime session, with risers outnumbering fallers by four to one among FTSE 100 constituents. Wm Morrison leads the way after saying it is confident full year results will be ahead of its earlier expectations due to continuing customer growth and the successful implement
Read moreLondon midday: Morrisons leads advance
21st Jul 2009 11:57
Retail stocks dominate proceedings in London following trading updates from Morrisons and Next. Wm Morrison leads the risers in the FTSE 100 after saying it is confident full year results will be ahead of its earlier expectations due to continuing customer growth and the successful implementation o
Read moreSpeedy Hire very cautious in short-term
21st Jul 2009 07:53
Tool hire group Speedy Hire reports conditions in the construction sector may be starting to stabilise a little but overall it remains very cautious about short-term prospects. The group, which raised £100m earlier in May to shore up its balance sheet, added that revenue has declined by 10% in the
Read moreSpeedy Hire rights take-up 92.37%
10th Jul 2009 10:39
Plant hire firm Speedy Hire said that it has received 92.37% take-up for its £100m right issue. The group had received valid acceptances in respect of 423m new shares. Underwriters Oriel Securities and KBC Peel Hunt will find subscribers for the balance of 35m shares. Speedy Hire said last month
Read moreLondon close: Blue chips close lower
28th May 2009 16:51
UK blue chips closed lower despite a bright start on Wall Street with sentiment knocked by poorly received updates from Wolseley and Man Group. Hedge fund manager Man Group was weighed down by disappointing results. "The past financial year saw extraordinary turmoil in financial markets globally wh
Read moreLondon afternoon: Leading shares trim losses
28th May 2009 14:12
Shares staged a fight back over the lunch-time session but Footsie remains in the red ahead of the opening on Wall Street, which is expected to see shares open moderately firmer. Shares in hedge fund manager Man Group would be expected to plunge on a day when optimism about the economic recovery of
Read moreLondon midday: Bears bite Man
28th May 2009 11:56
Stock market bears were out in force again this morning in London after thee overnight shake-out on Wall Street. Shares in hedge fund manager Man Group would be expected to plunge on a day when optimism about the economic recovery of the US is in short supply but the stock is also weighed down by
Read moreLondon open: Footsie starts down
28th May 2009 08:14
London's top stocks have started in the red as the US markets finished lower yesterday. Hedge fund manager Man Group is the biggest faller after it saw profits slide for the year. "The past financial year saw extraordinary turmoil in financial markets globally which put extreme stress on business
Read moreSpeedy Hire opts for £100m rights issue
28th May 2009 08:03
Speedy Hire said it plans to raise net proceeds of around £100m in a 9-1 fully underwritten right issue. The group is issuing 458,658,900 new ordinary shares at 23p each, an 86% discount to the closing price of 176p on 27 May 2009. Chairman David Wallis said, "The Rights Issue will strengthen the
Read moreThursday's tips round-up: Northern Foods, Topps Tiles, Speedy Hire
28th May 2009 06:14
Northern Foods shares are now trading on a March 2010 earnings multiple of 9.7 times, falling to 9.1 in 2010. This does not look too demanding after it recent restructuring. With a cracking yield of 7.3pc to support the shares, they remain a buy despite the relatively low dividend cover, says the Te
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