Sector movers: Industrial stocks rise as bid speculation boosts can maker Rexam
5th Feb 2015 15:58
M&A speculation surrounding Rexam sparked a surge in industrial stocks in London on Thursday after the beverage can maker confirmed rumours that it has been approached by Ball Corporation. Rexam's shares were up nearly 21% at 539.5p by the close after the company said it had held talks with Ball Cor
Read moreFTSE 100 movers: Oil stocks gain as crude prices rebound
19th Dec 2014 14:25
Oil and gas stocks were advancing on Friday after a strong rebound in crude prices, with Tullow Oil, BP, Shell and BG Group putting in decent gains. Brent futures were up 2.7% at $60.85 a barrel on the back of optimistic comments about future demand from Saudi Arabia's oil minister. The price droppe
Read moreSmiths Group CEO Philip Bowman to retire at end of 2015
19th Dec 2014 08:07
Philip Bowman, the long-running boss of Smiths Group, is to step down at the end of next year, the technology company revealed on Friday. Smiths said that Bowman has given the board "early notification of his intention to retire as group chief executive on 31 December 2015, by which time he will hav
Read moreTuesday broker round-up
18th Nov 2014 09:42
Aggreko: HSBC raises target price from 1550p to 1650p and maintains a neutral rating. Al Noor Hospitals: Citi initiates with a target price of 1240p and a buy recommendation. Barclays: Credit Suisse ups target price from 230p to 250p and keeps a neutral rating. Bodycote: JP Morgan cuts target pric
Read moreSmiths Group hit by mixed conditions in first quarter
18th Nov 2014 07:27
First-quarter underlying results at Smiths Group were lower than last year, but the technology and engineering firm said it still remains on track for the full year. Underlying revenues and headline operating profits in the three months to 1 November were below the same period last year, though the
Read moreLondon close: Weaker German business confidence, stress tests weigh on stocks
27th Oct 2014 16:14
UK-listed stocks closed lower on Monday, with banks and mining stocks providing a drag in the aftermath of the results of the latest EU bank stress tests and alongside a weak reading on German business confidence. The FTSE closed down 24.92 points at 6,363.81 after falling early on. Stocks were dra
Read moreFTSE 100 movers: Travel stocks lead following recent Ebola-related declines
27th Oct 2014 15:36
Travel stocks were among the best performers as investors continued to search for bargains after recent Ebola-related weakness in the sector. TUI Travel, Intercontinental Hotels, Carnival, IAG and Easyjet were putting in decent gains, with the latter two being helped by positive comments from Morgan
Read moreSmiths Group finance director to step down next year
27th Oct 2014 08:21
The finance director of Smiths Group has announced he will step down in six month's time in order to pursue opportunities outside the group. The FTSE 100 technology group will use his remaining time with the board to find his successor. "I feel it is time for me to take on new challenges and develo
Read moreThursday broker round-up UPDATE
16th Oct 2014 08:57
Afren: Investec cuts target price from 195p to 120p and reiterates its hold recommendation. Amerisur Resources: Investec lowers target price from 75p to 65p and maintains a buy recommendation. Antofagasta: UBS upgrades from sell to neutral with a target price of 710p. ARM Holdings: Credit Suisse r
Read moreTuesday broker round-up UPDATE
23rd Sep 2014 09:36
AVEVA: JP Morgan reduces target price from 2450p to 1825p, while leaving its overweight rating unchanged. African Minerals: Credit Suisse reduces target price from 120p to 25p, while leaving its neutral rating unchanged. Aviva: Goldman Sachs ups target price from 490p to 515p and reiterates a neutr
Read moreThursday tips round-up: Smiths Group, Dignity
18th Sep 2014 06:56
Shares of Smiths Group took a hit after the company announced that strength in sterling had knocked 8% off its operating profits for the year ended in July and that one of its five business units was below expectations – the detection division. That segment had already provoked a profit warnin
Read moreLondon close: Stocks end slightly off ahead of Fed
17th Sep 2014 16:50
An injection of liquidity into Chinese banks failed to lift UK stocks on Wednesday, as investors treaded cautiously before a policy decision from the Federal Reserve. The FTSE 100 finished the session lower by 0.17% at 6,780.19, down from the 6,792.24 seen on Tuesday, its lowest close since 22 Augus
Read moreFTSE 100 movers: Smiths Group drops after results miss forecasts
17th Sep 2014 14:32
Engineer Smiths Group was leading the fallers on the FTSE 100 on Wednesday after missing expectations with a 5% fall in annual revenues to £2.95bn on the back of foreign exchange headwinds and a small disposal. Analysts at Deutsche Bank had expected a figure closer to £3.05bn. Beverage groups SABMil
Read moreLondon midday: Miners lead UK stocks higher as investors await FOMC
17th Sep 2014 11:46
Stimulus measures in China helped UK stocks higher on Wednesday with the heavyweight mining sector on the rise, though gains were limited as investors treaded cautiously before a policy decision from the Federal Reserve. The FTSE 100 was trading up 0.15% at 6,803 by midday after settling at 6,792.24
Read moreMarket overview: Fed speculation ramps up after CPI data
17th Sep 2014 09:41
1630:Close UK stocks ended the session slightly lower, failing to partake in the gains seen elsewhere, as investors maintained a wary attitude ahead of Thursday´s Scottish referendum. Rightly so given the enormous significance of the event for Britain. European markets on the other hand were buoyed
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