Tuesday broker round-up - UPDATE
7th Feb 2012 10:14
Shire: Goldman Sachs reiterates 'conviction buy.' Misys: Berenberg Bank downgrades to hold from buy. BP: Nomura maintains neutral rating and 500p target. Cairn: UBS ups target from 291p to 370p, neutral rating kept; Credit Suisse ups target from 357p to 369p, neutral rating kept. Rio Tinto: Cred
Read moreLondon open: Cairn, financials weigh on Footsie
24th Jan 2012 08:32
UK stocks fell in early trading on Tuesday, giving up some gains made yesterday, as talks in Greece continue to drag on. Despite banks and other private institutions represented by the Institute of International Finance (IIF) having presented yesterday what they considered to be their "maximum offe
Read moreLondon pre-open: Greece talks give rise to caution amongst investors
24th Jan 2012 07:21
City sources predict the FTSE 100 will open down 19 points from yesterday's close of 5,783, as investors take their lead from the US, which finished slightly lower on Monday evening ahead of developments in Europe, with talks entering a crucial stage in regards to Greece. Savings and investments
Read moreTaciturn Sage trading in line
24th Jan 2012 07:01
The new financial year has got off to a satisfactory start at accountancy software giant Sage, with trading since the beginning of October in line with expectations for the full year. "We are confident that the business priorities, on which we are focused to drive growth, will bear fruit as the ye
Read moreTuesday preview: PZ Cussons, Sage Group
23rd Jan 2012 15:26
'Imperial Leather' soap maker PZ Cussons issued a profit warning back in December so while Tuesday's interim figures are unlikely to make pleasant reading for shareholders, at least they have been forewarned. The firm said high raw material costs and adverse exchange rate movement had continued to
Read moreLondon open: Footsie nudges higher, Old Mutual rockets
15th Dec 2011 08:25
The Footsie opened moderately higher on Thursday morning, as the market attempts to claw back from yesterday's 2.25% sell-off. In economic news, the HSBC "flash" purchasing managers' index for the Chinese manufacturing sector rose to 49.0 in December from 47.7 the month before, according to the la
Read moreSage announces departure of Director of Strategy
15th Dec 2011 07:21
Business software group Sage is to say goodbye to its Director of Strategy and Corporate Development, David Clayton, in February next year. He had been with the firm since June 2004 and became an executive director in 2007 after which he sat on the Executive Committee. Commenting on his decision,
Read moreLondon close: Footsie at two-week high after central bank action
30th Nov 2011 16:32
Benchmark indices across Europe and the US were making gains of between 3-5% on Wednesday afternoon after a united move by central banks to ease conditions in the global financial system. The FTSE 100 in London finished over the 5,500 mark, a closing level it has not reached since 16 November. CENT
Read moreFTSE 100 Movers: Banks and miners soar on central bank moves
30th Nov 2011 15:08
Miners and banks have jumped on the actions taken by China and a host of central banks to improve liquidity conditions across the globe. News that the People's Bank of China had lowered the legal reserve requirement for Chinese banks by 50 basis points sent equities soaring back into positive terri
Read moreLondon midday: Stocks rocket on Chinese move
30th Nov 2011 12:09
With China acting to ease fears of a 'hard landing', European stock markets - and US futures - swung back into positive territory after sharp falls early on. Banks and miners roared into the lead in London, despite being the worst performers early on. The Footsie stood at 5,390 just after the midday
Read moreWednesday broker round-up - UPDATE
30th Nov 2011 09:42
Weir: UBS increases target from 2,400p to 2,500p, buy rating kept. BG Group: Nomura ups target from 1,750p to 1,850p, buy rating unchanged. BHP Billiton: Investec reiterates buy rating and 1,919p target. International Power: Nomura cuts target from 410p to 390p, buy recommendation kept. Sage: In
Read moreLondon open: Mining stocks weigh
30th Nov 2011 08:39
London's leading stocks are trimming early losses after the weakness of mining stocks pushed the Footsie below 5,300 at one point. With resource stocks excluded from the picture, the index would be little changed, although downbeat consumer confidence data from market research firm GfK NOP has not
Read moreLondon pre-open: Cairn's bad run continues
30th Nov 2011 08:07
London is set to open lower despite a firm showing overnight on Wall Street. City sources predict the FTSE 100 will open down 50 points from yesterday's close of 5,337. Accountancy software group Sage saw underlying pre-tax profit from continuing operations rise 8% to £352.6m in the year to the en
Read moreSage bumps up divi by 25%
30th Nov 2011 07:07
Sage Group, the accountancy software company, has seen revenues come in ahead of the consensus forecast for the 12 months to the end of September. Taking into account discontinued operations (mainly its Healthcare division) Sage's revenues for the period were £1.48bn; this is slightly ahead of the
Read moreWednesday preview: Sage, Marston's, RPC
29th Nov 2011 15:48
Accountancy software giant Sage is set to release full-year results against a backdrop of a law-suit against it, brought by Archer Capital, which is suing for damages following the termination of discussions between Sage and Archer relating to the potential purchase of Sage's Australian competitor M
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