London pre-open: Stocks expected to rise ahead of FOMC meeting
17th Sep 2014 07:30
UK stocks were expected to track gains on Wall Street to push higher on Wednesday as investors took an optimistic approach ahead of the Federal Open Market Committee (FOMC) meeting in the States. City sources predict the FTSE 100 will open around 16 points higher than Tuesday's close of 6,792.24. T
Read moreDS Smith making progress with Q1 volumes up
17th Sep 2014 07:19
Consumer-goods packaging group DS Smith said that it has made good progress since the start of its financial year with its performance "in line with our plans". The company said the outlook looks positive with volumes continuing to grow despite competitive market conditions. Like-for-like corrugate
Read moreMichael Page chairman grows stake after strong Q1 results
18th Aug 2014 16:34
The chairman of Michael Page International on Friday purchased 44,987 shares in the group, growing his stake in the recruitment company above 138,000 shares. Robin Buchanan paid 442.3p a piece, spending a total of £198,978. The purchase came just a few days after the group reported a 7.9% rise i
Read moreRecently appointed non-exec takes stake in DS Smith
14th Jul 2014 16:40
Recently appointed Non-Executive Director of DS Smith, Ian Griffiths, on Monday purchased 15,000 shares, marking his first stake in the consumer goods packaging firm. The shares were bought for 266.60p apiece for a total spend of £39,990. The deal comes a few weeks after FTSE 250 DS Smith reveal
Read moreMonday broker round-up UPDATE
14th Jul 2014 10:11
Abcam: Numis cuts target price from 510p to 490p and stays with its add rating. ARM Holdings: Credit Suisse reduces target price from 1200p to 1125p and maintains an outperform rating. AstraZeneca: Jefferies reduces target price from 4850p to 4790p maintaining a hold recommendation. BP: Credit Su
Read moreFTSE 250 movers: Ocado continues higher as Balfour sinks
3rd Jul 2014 14:42
Online grocer Ocado continued to rebound from Tuesday's heavy sell off which came on the back of an underwhelming set of interim results on Tuesday. Drax Group was lifted by Credit Suisse, which upgraded the stock from 'neutral' to 'outperform', and increased its target from 695p to 750p. Meanwhil
Read moreJefferies sees lower 2015 profit for DS Smith
2nd Jul 2014 13:56
Jefferies International has reduced its profit forecasts for DS Smith, but says the recycled packaging maker could cash in on acquisitions. Jefferies said it was cutting its 2014/15 annual pre-tax profit and earnings per share forecasts by 5% to £281.3m and 23p respectively in light of foreign exch
Read moreWednesday broker round-up UPDATE
2nd Jul 2014 09:38
Anite: Investec places its target price (prev.: 88p) under review, while its hold recommendation remains unchanged. Ashcourt Rowan: N+1 Singer moves target price from 231p to 242p and keeps a buy recommendation. BG Group: Canaccord Genuity raises target price from 1250p to 1450p upgrading from hol
Read moreFriday tips round-up: Barclays, DS Smith
27th Jun 2014 10:38
Banks partaking of Barclays' 'dark pool' should have known the risks they were taking. To say that such trading venues are un-transparent simply does not cut it, they are supposed to be, hence the name. Even so, if the allegations brought forward by the New York state attorney-general are correct th
Read moreFTSE 250 movers: Housebuilders jump following new BoE measures
26th Jun 2014 15:16
Housebuilders and related stocks including Redrow, Countrywide, Taylor Wimpey and Galliford Try leapt as investors reacted postively to the new Bank of England measures to cool the housing market. Alastair Stewart from Westhouse Securities said that the measures were "less draconian than many observ
Read moreBroker tips: Land Securities, BT Group, DS Smith
26th Jun 2014 13:05
Deutsche Bank said that Land Securities' £656m purchase of a 30% stake in shopping centre Bluewater will likely lift valuations of shopping centres across the UK. Land Securities said that overall net initial yield after the expiry of rent-free periods is 4.1%. However, Deutsche Bank estimated th
Read moreLondon midday: Markets erase gains as Barclays and StanChart slump
26th Jun 2014 12:12
- LSE jumps after $2.7bn purchase of Frank Russell - Housebuilders jump as Carney announces "soft" measures to cool housing - Barclays facing allegations of fraud - StanChart reports "disappointing first half" techMARK 2,800.86 +0.42% FTSE 100 6,733.63 0.00% FTSE 250 15,595.09 +0.91% UK markets we
Read moreDS Smith "ticks all the boxes", Investec reiterates 'buy'
26th Jun 2014 10:18
In spite of the negative reaction to DS Smith's annual results on Thursday, Investec has recommended investors 'buy' shares of the consumer goods packaging group after its report "tick[ed] all the boxes". "We see these full-year results as solidly in line with our and consensus expectations in what
Read moreLondon open: LSE and bwin.party lead stocks higher, Barclays slumps
26th Jun 2014 08:40
- LSE jumps after $2.7bn purchase of Frank Russell - bwin.party surges on sale rumours - Barclays facing allegations of fraud - Carney in focus amid housing market concerns techMARK 2,802.08 +0.47% FTSE 100 6,743.00 +0.14% FTSE 250 15,529.44 +0.49% Strong gains from London Stock Exchange (LSE), bw
Read moreLondon pre-open: FTSE set for gains ahead of Financial Stability Review
26th Jun 2014 07:40
Shrugging off yesterday's losses, London's blue chips look set to track gains seen in the US and Asia overnight as traders brushed off the much worse-than-expected revision to US first-quarter economic growth and instead choose to look forward. City sources predict the FTSE 100 will open around 19
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