Wife of DS Smith CEO sells 5.6m-pound stake
24th Jul 2013 15:53
The wife of DS Smith frontman Miles Roberts sold a substantial sum of shares in the packaging and office supplies firm on the same day it was revealed the Chief Executive Officer (CEO) received a big pay increase last year. The move came on Tuesday, the same day DS Smith released its annual report
Read moreWednesday broker round-up UPDATE
3rd Jul 2013 09:16
Aberdeen Asset Management: Bank of America reduces target price from 410p to 360p maintaining an underperform rating. ARM Holdings: UBS upgrades to buy from neutral, keeps target price at 970p. Cineworld: Investec ups target price from 347p to 360p and keeps a buy recommendation. N+1 Singer moves
Read moreTuesday broker round-up UPDATE
2nd Jul 2013 08:24
Amara Mining: Westhouse Securities raises target price from 60p to 90p and stays with its buy recommendation. Canaccord Genuity lowers target price from 50p to 40p maintaining its buy recommendation. Anite Group: Panmure Gordon shifts target price from 171p to 177p and reiterates a buy recommendati
Read moreFriday broker round-up UPDATE
28th Jun 2013 08:32
BAE Systems: Deutsche Bank increases target price from 375p to 400p, while downgrading to hold. Barclays: Bank of America moves target price from 430p to 410p, while its buy recommendation remains unaltered. Booker Group: Investec shifts target price from 140p to 141p and keeps its buy recommendat
Read moreFriday tips round-up: Rolls Royce, Debenhams, DS Smith
28th Jun 2013 06:42
Rolls-Royce scored orders worth more than 4.7bn pounds at last week's Paris Air Show, putting the company in a good position, The Telegraph's Questor column reported. The orders, interestingly, came more from low-cost airlines than the full-service airlines. The week before the show, the Airbus A350
Read moreSector movers: DS Smith and Smiths Group boost industrials higher
27th Jun 2013 14:51
Industrial stocks were performing well on Thursday with well-received results from DS Smith and a broker upgrade for Smiths Group boosting the sector higher. FTSE 250 paper and plastic packaging company DS Smith jumped today after seeing annual pre-tax profits soar 51% and revenue surge 86% followi
Read moreFTSE 250 movers: Perform slumps after profit warning
27th Jun 2013 14:23
Digital sports media firm Perform dropped sharply on Thursday after a pre-close trading update said that despite still expecting strong revenue growth this year, a change in revenue mix, together with additional rights and other investment, will impact the rate of earnings growth. Paper and plastic
Read moreLondon midday: Stocks gain for third day as rebound continues
27th Jun 2013 11:16
UK markets were able to hang on to gains on Thursday morning on a busy day for economic data, as stocks continue to rebound after some heavy losses over the last month. After hitting a fresh five-month low of 6,029 on Monday, the FTSE 100 has risen strongly over the past two sessions with bargain h
Read moreLondon open: Stocks gain ahead of busy day for economic data
27th Jun 2013 08:34
The FTSE 100 looked set to deliver its third consecutive day of gains on Thursday as markets continued to rebound following some heavy falls over the last month. After a heavy fall on Monday to a fresh five-month low of 6,029, London's benchmark index has rebounded strongly over the last two sessio
Read moreDS Smith's annual profits edge higher
27th Jun 2013 07:39
Paper and plastic packaging company DS Smith saw pre-tax profits soar 51 per cent to 166.2m pounds following a "transformational year". Revenue for the year to end of April jumped 86% to £3.6bn, boosted by the acquisition and integration of SCA Packaging. The firm bought SCA Packaging for €1.6bn
Read moreWednesday broker round-up UPDATE
26th Jun 2013 07:30
ACM Shipping Group: Espirito Santo increases target price from 150p to 185p keeping a buy recommendation. Afren: Canaccord Genuity moves target price from 210p to 220p and keeps a buy recommendation. Aggreko: Deutsche Bank cuts target price from 2250p to 2100p, while its buy recommendation remains
Read moreFormer Tesco exec joins DS Smith as Finance Director
20th Jun 2013 07:55
Recycled packaging company DS Smith has appointed Adrian Marsh as its Group Finance Director to replace Steve Dryer. Marsh will join DS Smith from Tesco where he was the Group Director of Tax and Corporate Finance for three and a half years. He was also Chief Financial Officer (CFO) at AstraZenec
Read moreFTSE 250 movers: Hedge-fund manager Man Group hit by broker downgrade
5th Jun 2013 14:56
Man Group was the biggest mover on the second-tier index on Wednesday, with its share price plummeting after UBS downgraded the stock to 'neutral' citing a 'degradation in the investment case'. The broker said that Man remains highly dependent on its AHL fund, while raising concerns about Japanese
Read moreLondon midday: Markets drop ahead of key US data
5th Jun 2013 11:18
It was another volatile morning for financial markets on Wednesday as ongoing worries about stimulus measures in the US and a heavy economic data schedule dominated market sentiment. The FTSE 100 hit intraday low of 6,453 this morning, the index's lowest level since the start of May. Concerns abo
Read moreBroker tips: Tesco, ARM, DS Smith
5th Jun 2013 11:03
Tesco's first-quarter results may have failed to enthuse the market on Wednesday but Nomura remained upbeat with a 'buy' rating on the stock, saying that a mixed performance masked the underlying progress made at the supermarket group. While the performance in the UK was a little worse than expecte
Read more