FTSE 250 movers: Centamin leaps on broker comment
25th Jun 2012 14:15
Gold miners Centamin and Petropavlovsk were benefiting from bullish remarks from Nomura about the gold sector. "Gold remains fundamentally supported by long-term trends", including increasing gold holdings within central bank reserves and strong Chinese demand. Essar Energy, the India-focused in
Read moreLondon midday: Markets nervous ahead of EU summit
25th Jun 2012 11:29
- Shire tumbles after generic ADHD deal gets approval - Spain officially requests aid - Investors look to EU summit The FTSE 100 slipped on Monday morning as investors showed caution ahead of a crucial EU summit later this week; US stocks futures were tracking European markets lower at lunchtime.
Read moreLondon open: Shire provides a drag early on
25th Jun 2012 08:23
- Shire tumbles after generic ADHD deal gets approval - Polymetal rises after broker upgrade - Investors look to EU summit Banking and mining stocks were providing a drag in London on Monday morning, as investors showed caution ahead of the EU summit later this week. Trader Jordan Lambert from Spr
Read moreSegro raises 204.5m pounds from non-core sale
25th Jun 2012 07:46
Industrial property specialist, Segro, has sold four "non-core" industrial estates for 204.5m sterling. The buyer, a fund advised by Harbert Management Corporation, now owns the Heywood Distribution Park in Rochdale, Trafford Park in Manchester, Kings Norton Business Centre and Meteor Park in Birmi
Read moreTuesday broker round-up
19th Jun 2012 08:16
APR Energy: UBS slashes target from 860p to 690p, sell rating unchanged. BHP Billiton: Jefferies keeps buy rating. Bumi: JP Morgan Cazenove initiates coverage with buy rating and 520p target. Computacenter: UBS cuts target from 530p to 465p, buy recommendation kept. Dixons Retail: Bank of Americ
Read moreSegro offloads non-core industrial assets
21st May 2012 08:06
Segro, the real estate investment trust focused on industrial properties, has sold four 'non-core' assets in the north and Midlands. The portfolio being disposed includes four multi-let industrial estates: Heywood Distribution Park in Rochdale; Trafford Park in Manchester; the Kings Norton Business
Read moreFTSE 250 movers: Elementis rising high after trading update
26th Apr 2012 15:08
Chemicals group Elementis was the top performer after saying it is on track to hit full-year earnings forecasts with trading in the first three months of 2012 ahead of the same period last year. Howden Joinery shares also jumped after the company said its UK revenue was up 5.9% in the first 16 wee
Read moreSEGRO sees fall in new rental contracts
26th Apr 2012 07:57
Out of town property specialist, SEGRO, said the first quarter of 2012 went well although it warned that the general economic climate could affect both rental and investor demand. SEGRO is a real estate investment trust (REIT) and tends to focus on out of town properties and those near major transp
Read moreSEGRO sells first of six non-core assets
20th Apr 2012 07:30
Industrial property owner SEGRO is planning to sell IQ Farnborough, a mixed-use business park and the first of its six large non-strategic assets to have been sold since being highlighted as non-core at the end of last year. The park will be sold for £90.1m in two parts. The build assets, along wit
Read moreThorntons Chairman buys 400,000 shares
22nd Feb 2012 15:39
John von Spreckelsen, Chairman of chocolate retailer Thorntons, has bought up 400,000 shares in the firm, one week after it reported that its pre-tax profit more than halved after heavy discounting. Spreckelsen, who last year announced his intention to quit the firm before the end of September, bu
Read moreWednesday broker round-up - UPDATE
22nd Feb 2012 09:32
Vodafone: Credit Suisse cuts target from 175p to 170p, outperform rating kept. Vedanta Resources: Credit Suisse maintains neutral rating and 1,400p target. AMEC: UBS raises target from 1,225p to 1,325p, buy rating unchanged; Nomura raises target from 1,130p to 1,240p, buy rating unchanged. HSBC:
Read moreSector movers: SEGRO weighs down REIT sector
21st Feb 2012 16:16
Real estate investment trusts (REITs) were falling today, with FTSE 250 industrial property owner SEGRO among the worst performers. SEGRO sent out mixed messages with its 2011 results this morning, with earnings per share up, net asset value (NAV) per share down and profits before tax turning into
Read moreTuesday broker round-up - UPDATE
21st Feb 2012 09:00
Admiral: Nomura reiterates buy recommendation and 1,100p target; Credit Suisse upgrades to outperform from neutral, lifts target from 1,100p to 1,300p. Morrison: Goldman Sachs adds to conviction sell list. Petropavlovsk: Nomura upgrades from reduce to neutral, target upped from 860p to 910p. Aber
Read moreLondon open: Stocks slip after Greek bailout approval
21st Feb 2012 08:19
- Eurogroup approves Greek bailout. - Euro strengthens after announcement. - Footsie slips early on with oil stocks weighing on index. Despite Eurozone finance ministers doing what many had expected by approving the next tranche of aid for Greece, the Footsie opened moderately lower on Tuesday morn
Read moreLondon pre-open: Shift in investor focus sparks lower start for FTSE
21st Feb 2012 07:26
City sources predict the FTSE 100 will open down by around 11 points from yesterday's close of 5,945, as investors shift their attention to the challenges that lay ahead in getting both the Greek and the wider Eurozone economy back on track. Some analysts seem to be attaching particular importance n
Read more