MARKET TALK: Budget Could Stall Mid/Small Cap Outperformance
16th Jun 2010 10:56
0956 GMT [Dow Jones] Next week's UK budget could mark the end of the outperformance of mid and small-cap stocks, due to their generally higher exposure to government contracts, says Deutsche Bank. Suggests the IT services sector, newspapers, defense stocks and housebuilders could continue to struggl
Read moreWednesday tips round-up: BP, Segro, Dunelm
28th Apr 2010 06:36
The tragic situation in the Gulf of Mexico has taken the shine off what was an excellent performance from BP in the first quarter of the year says the Telegraph. The shares are trading on a December 2010 earnings multiple of 9.2 times, falling to 7.9 next year. They were first recommended at 487½p
Read moreSegro makes 'good progress'
27th Apr 2010 08:01
Industrial property group Segro has found the occupier market tough going in both the UK and Continental Europe since the end of 2009, but says it's made encouraging progress in a number of areas. Investment markets continued to recover in the UK, while capital values in Continental Europe appear t
Read moreFTSE 100 movers: BSkyB fights back
31st Mar 2010 15:28
On a mixed day for the Footsie, British Sky Broadcasting stands out. Its share price has risen even though telecoms regulator Ofcom has ordered the satellite broadcaster to make its two top sports channels available to rivals at a 23% discount to the current price. BSkyB is not taking this lying dow
Read moreLondon close: Footsie eases back
26th Mar 2010 16:50
Footsie drifted lower going into the weekend, but remained near the 21-month highs it hit earlier in the week. With corporate news thin on the ground, broker commentary drove much of the action. Unilever is downgraded to neutral from 'overweight' by HSBC on sales volumes concerns. Hi-tech weapon
Read moreLondon afternoon: Sleepwalking lower
26th Mar 2010 14:05
It's been a good week for the Footsie but it looks set to end with a whimper rather than a bang. With corporate news thin on the ground broker commentary is driving much of the action. Unilever is downgraded to neutral from 'overweight' by HSBC on sales volumes concerns. Hi-tech weapons group Qi
Read moreLondon midday: Footsie drifts lower
26th Mar 2010 12:19
Footsie is bumbling along a tad directionless as investors consider the Greek bail-out, Budget fall-out and the prospects of more air and rail strikes. Property companies are among the best performers, with Hammerson, Segro, British Land and Liberty the four highest risers so far. In economic news
Read moreLondon open: Footsie makes dull start
26th Mar 2010 08:52
London has made a subdued opening with company news thin on the ground and a weak close in the US overnight. Property companies are the best performers, with Hammerson, Segro, British Land and Liberty the four highest risers so far. Cable & Wireless's demerger is bound to cause some confusion this
Read moreLondon close: Footsie suffers hiccup
4th Mar 2010 16:40
The blue chip index failed to stretch its winning streak to a fifth session, falling for the first time this week on negative results reaction and downbeat miners. It held above 5,500 all day despite coming close just after trade began and towards the end of play. Engineering and project managemen
Read moreLondon afternoon: Stocks are becalmed
4th Mar 2010 14:13
It's been an up and down day for the blue-chip index although the Footsie has rarely strayed far from its overnight level. As expected, the Bank of England has held interest rates at 0.5% and taken no further action on quantitative easing (QE) amid conflicting signals over the state of the UK econo
Read moreLondon midday: Footsie drifting sideways
4th Mar 2010 12:13
Footsie is trading sideways after the Bank of England decided on no change to its stance on interest rates and quantitative easing. UK interest rates stay at 0.5% and the QE programme at £200bn. On the company front, results are dominating. Engineering and project management firm Amec is worst of t
Read moreLondon open: Footsie struggles early on
4th Mar 2010 08:30
A four-day winning streak could end Thursday after a poor start following last night's late sell-off on Wall Street, weaker miners and some disappointing company results. Engineering and project management firm Amec is worst of the blue chips as investors react badly to a 3% slip in revenues, or 12
Read moreLondon close: Insurers left behind
2nd Mar 2010 17:07
A firm start on Wall Street gave fresh heart to UK equities, with financial stocks to the fore, with the notable exception of insurers. Ahead of results tomorrow Standard Chartered was wanted in a buoyant banking sector while elsewhere in the financial sector property groups such as SEGRO and Hamme
Read moreFriday tips round-up: Rank, Segro, Hays
26th Feb 2010 06:42
Bingo club owner Rank's chief executive, Ian Burke, put his money where his mouth is by buying £100,000 worth of shares yesterday, demonstrating his confidence in the business. His decision could have been influenced by Rank's shares trading on a relatively modest 2010 estimated price to earnings r
Read moreLondon close: Overseas concerns sink Footsie
25th Feb 2010 16:28
Blue chips closed sharply lower as fears about Greece resurfaced and US dole claimant figures were worse than expected. On a busy day for big company results RBS hogged the headlines. The part-nationalised bank saw its net attributable loss narrow markedly in 2009 with fourth quarter impairments 5%
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