London midday: Footsie drops one per cent as miners fall
22nd Aug 2012 12:01
- Greece to request two more years - Japanese trade deficit concerns miners - BHP sees earnings fall in the first half London's FTSE 100 was trading a whole per cent lower by Wednesday lunchtime as markets focused on concerns about Greece and some gloomy economy data from Japan. "Traders' profit h
Read moreShanks hails green success in Glasgow
22nd Aug 2012 08:05
Waste management group Shanks has been blowing its own trumpet, saying that the Silverburn Shopping Centre in Glasgow is no longer sending any of its waste to landfill since appointing Shanks to handle its recycling. Shanks won the recycling contract just six weeks ago, and has been instrumental in
Read moreShanks delivers mixed performance
19th Jul 2012 08:04
Shanks Group, the waste management group, has said that while its Solid Waste business is suffering from challenging market conditions, the Organics, UK Municipal and Hazardous Waste divisions have performed well since April 1st. In Solid Waste, underlying market conditions have remained challeng
Read moreUK drives profit growth at Shanks
17th May 2012 10:04
The old adage that where's there's muck, there's brass held true at Shanks Group, as the waste management firm delivered profits ahead of expectations. Underlying pre-tax profit in the year to March 31st increased by 10% (8% using constant exchange rates) from £35.2m to £38.8m, ahead of expectation
Read moreMonday broker round-up - UPDATE
14th May 2012 07:48
Antofagasta: AlphaValue downgrades from add to sell, target cut from 1,201.3p to 915p. Avanti Communications: Jefferies reiterates buy rating and 600p target. Chariot Oil & Gas: Jefferies keeps buy rating and 355p target; Merchant Securities keeps buy recommendation and 232.1p target. Dignity: In
Read moreShanks FD gets ticket to FirstGroup
14th May 2012 07:23
The Finance Director of FTSE 250 waste management group Shanks is to leave the board in the summer to join transport firm FirstGroup, the companies announced on Monday. Chris Surch, who joined Shanks in May 2009, has held senior financial roles previously at Smiths Group and TI Group. "Together wit
Read moreLondon open: Stocks slip after QE3 hopes fade
4th Apr 2012 08:21
- ECB to hold rates - Pearson and host of ex-div stocks fall - Kentz drops after major shareholder slashes stake UK stocks fell into the red on Wednesday morning after the US Federal Reserve quashed speculation that it would start another round of quantitative easing (QE) in the near-future. US be
Read moreWednesday broker round-up - UPDATE
4th Apr 2012 08:16
BSkyB: Jefferies maintains hold recommendation and 700p target. BTG: Jefferies raises target from 345p to 410p, buy recommendation kept. Diageo: Nomura reiterates neutral rating and 1,520p target. International Power: Investec maintains buy recommendation. ITE Group: Investec keeps buy rating.
Read moreLondon pre-open: FOMC sparks lower start for FTSE
4th Apr 2012 07:35
City sources predict the FTSE 100 will open down 14 points from yesterday's close of 5,838, hit by the Federal Open Market Committee's revelation that the Federal Reserve is unlikely to make any more bond purchases to stimulate the US economy further. Highly acquisitive media giant WPP is to acqui
Read moreShanks battling through
4th Apr 2012 07:10
Waste disposal expert Shanks Group said results for the fiscal year just ended should be in line with management expectations. "Since the Interim Management Statement on 7th February 2012, the group has delivered a robust performance in trading conditions which have remained challenging," the group
Read moreOphir Energy director makes massive sale
2nd Apr 2012 16:18
Rajan Tandon, a Non-Executive Director of FTSE 250 African energy firm Ophir, has ditched 10m shares in the firm, cashing in on the recent surge in its share price. The director sold the shares for 500p for a total of £50m. The sale comes just days after the company's share price leapt on the bac
Read moreMonday broker round-up
2nd Apr 2012 09:26
Ashtead: Jefferies reiterates buy rating and 300p target. Bodycote: Jefferies maintains buy recommendation and 475p target; Investec raises target from 400p to 410p, buy rating kept. BT Group: Jefferies raises target from 237p to 268p, buy rating maintained. Centrica: Investec ups target from 423
Read moreLondon open: Stocks rise after upbeat China data
2nd Apr 2012 08:26
- Miners wanted after Chinese PMI reaches 11-month high - RBS to dish out dosh to preference shareholders - LSE acquisition of LCH.Clearnet passes milestone UK stocks opened with decent gains on Monday morning as miners rose on the back of some better-than-expected manufacturing data from China.
Read moreShanks wins waste contract
2nd Apr 2012 07:04
3SE, a joint venture majority owned by waste management group Shanks, has signed a contract worth with Barnsley, Doncaster and Rotherham Councils for the treatment of black bag waste. The 25-year agreement, worth more than £750m, will see Shanks build a mechanical biological treatment and anaerobic
Read moreWednesday broker round-up - UPDATE
28th Mar 2012 08:24
Babcock: UBS ups target from 800p to 880p, reiterates buy rating. Compass Group: Nomura keeps buy rating and 800p target. GKN: Investec reiterates buy rating and 240p target. Hansteen: Jefferies reiterates hold recommendation and 80p target. Henderson: Investec upgrades from hold to buy. Qineti
Read more