London midday: Stocks flat as BoE holds rates
10th Jan 2013 11:22
The Footsie was trading broadly flat on Thursday morning despite some decent trade data from China and solid debt auctions in the Eurozone, as investors kept a close eye on central bank decisions. At midday, the Bank of England announced that it has kept its official Bank Rate at 0.5% and its asset
Read moreLondon pre-open: FTSE to nudge higher
10th Jan 2013 07:35
City sources predict the FTSE 100 will open up two points from yesterday's close of 6,099, taking its lead from Asia where gains were seen after notably stronger-than-expected data emerged from China. UK markets closed significantly higher on Wednesday, up 45 points (equal to £11.41bn), with the i
Read moreSIG warns construction markets are likely to continue decline
10th Jan 2013 07:11
Building materials distributor SIG has warned that in the absence of any clear signs of macroeconomic improvement in its main countries of operation, the board expects construction markets in 2013 to 'remain challenging and likely to decline at a rate similar to 2012'. Revenues in 2012 totalled ar
Read moreRegenersis CFO buys stake as firm unveils strong results
26th Sep 2012 15:56
Jog Dhody, the Chief Financial Officer of Regenersis, a consumer electronics repair specialist, bought a stake in the firm on Tuesday, opening his account on the same day it posted a 24 per cent rise in operating profits. Dhogy, who joined the board in March of this year, purchased 155,987 shares
Read moreSIG identifies further cost savings
23rd Aug 2012 07:57
Building materials distributor SIG saw sales slip slightly in the first half as it was hit by the shaky economic conditions and bad weather. Profits were also lower than last year but the group said that it has identified further cost savings for next year. Revenue slipped from £1,343.7m to £1,292
Read moreLondon close: Stocks lifted by production data, Spanish aid
10th Jul 2012 17:15
- UK industrial production up one per cent in May - UK still in recession, says NIESR - Chinese import data disappoints Some better-than-expected production data from the UK helped lift stocks on Tuesday, while falling borrowing costs in the Eurozone periphery also helped to lighten the mood. UK i
Read moreFTSE 250 movers: SIG lower after bad weather hits sales
10th Jul 2012 16:05
SIG, the building products distributor, fell after saying it was buffeted by bad weather and a weak euro in the first half, with more challenges ahead in the second. The firm expects its six month figures to be broadly flat in constant currency terms, but said that total sales in the first half fell
Read moreLondon midday: Stocks surge after UK production data
10th Jul 2012 11:53
- UK industrial production beats estimates - Eurogroup gives Spain more time - Oil stocks rise after Norwegian lockout prevented London's FTSE 100 index rose strongly on Tuesday morning with resource stocks and banks providing a lift after some better-than-expected UK industrial production data. U
Read moreLondon open: Stocks flat after Eurogroup meeting
10th Jul 2012 08:47
- Eurogroup gives Spain extra time - Chinese trade surplus at three-year high - M&S maintains guidance despite LFL sales falling The Footsie opened broadly flat on Tuesday morning with investors digesting the the developments from yesterday's Eurogroup meeting. Eurozone finance ministers decided t
Read moreTuesday broker round-up - UPDATE
10th Jul 2012 08:18
WPP: JP Morgan upgrades to outperform from neutral. AMEC: BarCap raises target from 1,340p to 1,350p, underweight rating kept. ASOS: Peel Hunt keeps buy rating and 1,800p target. AstraZeneca: BarCap keeps equal weight rating. Betfair: Nomura cuts target from 1,070p to 946p, buy rating unchanged.
Read moreSIG warns of challenging second half
10th Jul 2012 07:52
SIG, the building products distributor, said it was buffeted by bad weather and a weak Euro in the first half, with more challenges ahead in the second. The firm expects its six month figures to be broadly flat in constant currency terms, but said that total sales in the first half fell by nearly 4
Read moreTuesday preview: Soggy showing expected from Marks
9th Jul 2012 15:56
It is a case of the old and the new when two retailers give trading updates on Tuesday. The old is Marks & Spencer (M&S), a stalwart of the UK High Street for as long as anyone can remember. The company will give a first quarter (April - June) trading update at its annual general meeting, and per
Read moreBroker tips: UK banks, SIG, William Hill
18th Jun 2012 12:37
Despite last week's announcement of stimulus measures for UK banks, Nomura has maintained its 'neutral' rating on the sector, saying that the outlook for lenders is still difficult. "While in the near term banks will be driven by risk appetite, sovereign risks and de-leveraging, we continue to see
Read moreBroker snap: Jefferies trims estimates at SIG
18th Jun 2012 11:14
Jefferies has cut its target price for building products distributor SIG from 146p to 143p, but has maintained its 'buy' rating on the stock, saying that the new target still represents 47 per cent upside to the current share price. Like-for-like sales in the first four months of the year increased
Read moreMonday broker round-up - UPDATE
18th Jun 2012 08:20
Anglo American: UBS cuts target from 3,260p to 3,100p, buy recommendation maintained. Barclays: AlphaValue downgrades from buy to add, target kept at 230.2p; Nomura keeps neutral rating and 268p target. British American Tobacco: Citigroup retains buy rating. Essar Energy: Citigroup initiates cove
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