Wednesday preview: DS Smith, KESA Electricals
6th Dec 2011 15:18
Wednesday will see the release of the first half results from FTSE 250 peers DS Smith, KESA Electricals, Stagecoach and Micro Focus International. Industrial and manufacturing production data are also due out at 09:30. Packaging and office products group DS Smith announced in late October that trad
Read moreTuesday broker round-up - UPDATE
6th Dec 2011 09:27
Wolseley: Charles Stanley gives accumulate recommendation. Wolseley: Panmure Gordon keeps sell rating and 1,500p target. Meggitt: Credit Suisse downgrades to underperform from outperform; cuts target to 330p from 410p. Shire: Goldman Sachs reiterates buy. SABMiller: Nomura maintains buy recomme
Read moreUPDATE: Friday broker round-up
28th Oct 2011 09:13
HSBC/Standard Chartered: Citi chief economist William Buiter argues today that: "World trade is set for a prolonged boom and a marked transformation. Transaction banking and trade finance should track the direction of trade and economic growth in the long term. (...) Standard Chartered and HSBC shou
Read moreUPDATE: Thursday broker round-up
27th Oct 2011 09:09
Smith&Nephew: Citi reiterates sell. Anglo American: Citi maintains at buy. Invensys: UBS raises to neutral-short term buy from neutral. Lowers target to 225p from 250p. Bellway: UBS keeps at buy, raises target price to 825p from 793p. Lloyds: Credit Suisse cuts target to 31p from 40p, keeps at
Read moreDS Smith rockets as numbers stack up
27th Oct 2011 08:25
DS Smith, the recycled packaging group, says like-for-like sales of its key corrugated products in the first half of its current financial year are up 3% on 2010 . The company said the improvement was against tough comparatives from last year and was in line with previously announced targets. As a
Read moreLondon close: Triple-digit losses as Euro worries continue
19th Sep 2011 16:50
Shares failed to recover from an early slide as ongoing worries over the Eurozone situation continued to cast a shadow. The FTSE 100 closed down 108 points. Greek Prime Minister George Papandreou has cancelled a planned trip to the US to guide Greece through what could be a critical seven day peri
Read moreLondon midday: Eurozone worries cast a shadow
19th Sep 2011 12:03
London's blue chip index is stuck below 5,300 points as the Eurozone saga rumbles on. Investors seeking a resolution to the problems were disheartened after a meeting of EU finance ministers in Poland on Friday failed to live up to expectations. "There is a firm 'risk-off' tone to the start of the
Read moreLondon open: Banks unwanted as euro worries continue
19th Sep 2011 08:43
London's blue chip index sank below the 5,300 level in the opening minutes on Monday, as the debt crisis in Europe took centre stage again, dampening sentiment. Investors seeking a resolution to the problems were disheartened after a meeting of EU finance ministers in Poland on Friday failed to li
Read moreDS Smith sells another paper mill
19th Sep 2011 07:44
Recycled packaging and office products group DS Smith said on that Monday that its paper business is to sell a UK paper mill to Asia File Corpoeration Berhad for an enterprise value of £4.6m. The Higher Kings Mill in Devon produces filing and educational papers, making 34,000 tonnes of paper every
Read moreDS Smith sale of Spicers moves to next stage
8th Sep 2011 07:49
DS Smith, the packaging company, has entered into a binding agreement to sell its wholesale office supplies business Spicers. The original £200m deal was announced in July but now DS Smith and the Spanish buyer, Unipapel have moved the transaction on to a legal footing with completion expected in D
Read moreLondon close: Higher finish after late rally, RBS and Barclays lag
6th Sep 2011 16:44
London's leading share index rediscovered its earlier buoyancy to close with good gains after another choppy day. Shares had given up early gains after a weak start on Wall Street, but rallied in late trading, though banks RBS and Barclays were left behind. Company updates were the main cause for
Read moreSector movers: Morrison pulls retailers higher ahead of results
6th Sep 2011 15:29
The food and drug retailers were on the way up, with FTSE 100 supermarket giants Morrison and Tesco among the high risers in the sector. Shares in fast growing supermarket chain Morrisons were 1.82% ahead at 290.3p by 15:46, ahead of the release of its interim results on Thursday. Broker Nomura Se
Read moreLondon midday: Lloyds leads banking rally
6th Sep 2011 12:13
The top share index is posting big gains now as banks recover and company updates get the thumbs up. Lloyds Banking leads banks higher after a bad day for the sector yesterday amid talk that ratings agency Moody's is set to downgrade the sector. Company updates are the main cause for excitement th
Read moreLondon open: Whitbread leads the rise
6th Sep 2011 08:29
The Footsie opened moderately higher in early trading, helped by strong gains by coffee shop, restaurant and hotel owner Whitbread. Whitbread was the high riser on the blue chip index, gaining over 5%, after it was able to accelerate revenue growth during the first half, posting a 12.9% improvement
Read moreLondon pre-open: Stuck in reverse gear
6th Sep 2011 07:16
London has just one gear at the moment, and that is reverse. The Footsie is set to open lower again, but at least it looks as if it will keep its head above 5,000 at the outset. City sources predict the FTSE 100 will open down 33 points from yesterday's close of 5,103. Coffee shop, hotels and r
Read more