London open: Stocks edge higher ahead of FOMC, BoE minutes
17th Sep 2014 08:20
UK stocks edged higher on Wednesday morning after a positive session on Wall Street, though gains were only modest ahead of the hotly-anticipated Federal Open Market Committee (FOMC) statement and Bank of England minutes. London's FTSE 100 was trading 0.2% higher at 6,805 in early deals, after settl
Read moreLondon 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 moreSmiths Group's final results fall short of expectations
17th Sep 2014 07:06
A second-half return to form at its medical division helped engineer Smiths Group group ratchet its revenues back on a par with the prior year, though they still fell short of City expectations. With a 5% impact from foreign exchange headwinds and a small disposal dragging the numbers lower, underly
Read moreWednesday broker round-up UPDATE
18th Jun 2014 09:03
Ashtead Group: Barclays ups target price from 930p to 946p retaining its overweight rating. Berkeley Group: Numis upgrades from hold to buy with a target price of 2491p. Brown (N) Group: Oriel places its buy recommendation under review. BT Group: Jefferies ups target price from 440p to 470p and k
Read moreMonday newspaper round-up: RBS, Smith&Nephew, Alstom
16th Jun 2014 07:24
Royal Bank of Scotland is in talks over a restructuring of its Ulster Bank unit that could overcome a hurdle to selling some of the government's majority stake. The taxpayer-backed lender is working on a plan to attract private equity into Ulster to boost its capital position before the business is
Read moreQinetiQ CFO sells shares post vesting
28th May 2014 15:32
The Chief Financial Officer of defence group QinetiQ, David Mellors, on Tuesday sold 52,848 shares after the company vested earlier the same day. Mellors, who was appointed to the role in August 2008, traded in the shares at just under 195.47p a share, maintaining his stake at 376,016 shares. Le
Read moreTuesday broker round-up UPDATE
27th May 2014 09:17
African Minerals: Canaccord Genuity cuts target price from 295p to 230p and maintains a buy recommendation. AG Barr: Investec ups target price from 620p to 645p retaining an add rating. ARM Holdings: Numis increases target price from 880p to 920p keeping a hold recommendation. AVEVA Group: Invest
Read moreInvestec reviews stance on Smiths after revenue weakens
23rd May 2014 12:43
Investec is revisiting its stance on Smiths Group after the industrial conglomerate said issues in its x-ray scanner business would hit underlying nine-month revenue this year. The broker is placing its estimates, target price and recommendation under review as Smiths predicted profits in Smiths De
Read moreLondon midday: FTSE continues to decline, Intertek drags lower
23rd May 2014 11:40
- FTSE down 16.44 points to 6,804.12 - Intertek hit by Numis comments - Elections in focus ahead of Bank Holiday weekend techMARK 2,747.39 +0.12% FTSE 100 6,799.91 -0.30% FTSE 250 15,677.95 +0.02% The FTSE was still down by midday, dragged lower by Intertek ahead of the long weekend which will see
Read moreFriday broker round-up UPDATE
23rd May 2014 09:53
Admiral Group: JP Morgan raises target price from 1022p to 1164p, while staying with its underweight rating. Antofagasta: Investec cuts target price from 715p to 690p and leaves its sell recommendation unchanged. Assura Group: Liberum Capital shifts target price from 44p to 47p and stays with its
Read moreLondon open: FTSE falls, Smiths and Tullow drag, elections in focus
23rd May 2014 08:55
- Smiths and Tullow disappoint - FTSE opens 16 points lower - Ukraine, European elections in focus techMARK 2,741.75 -0.09% FTSE 100 6,801.45 -0.28% FTSE 250 15,657.08 -0.11% The FTSE opened lower this morning, falling around 16 points in the first hour of trade, weighed by disappointing announcem
Read moreSmiths Group warns on X-ray scanner arm profits
23rd May 2014 08:12
X-ray scanner and medical equipment maker Smiths Group unveiled weaker revenue as tough trading in its detection and medical businesses spoilt a good performance at its John Crane energy services operation. Smiths said underlying revenue in the nine months to May 3rd would be slightly lower than in
Read moreFriday preview: Smiths Group reports third quarter interims
22nd May 2014 15:09
UK multinational engineering company Smiths Group reports its third quarter interims on Friday. The group's medical device division will be closely monitored given the weak first half which saw organic growth down 4%, according to Numis. The company's John Crane business, which provides products
Read moreFriday broker round-up UPDATE
11th Apr 2014 08:49
African Barrick Gold: Numis raises target price from 170p to 260p and upgrades from sell to hold. Antofagasta: Numis downgrades from hold to reduce with a target price of 700p. Ashmore Group: Jefferies ups target price from 375p to 400p and keeps a buy recommendation. JP Morgan lowers target price
Read moreWednesday broker round-up UPDATE
9th Apr 2014 09:09
Aberdeen Asset Management: RBC Capital moves target price from 485p to 495p and maintains an outperform rating. African Barrick Gold: Deutsche Bank upgrades to buy with a target price of 310p. African Minerals: Investec reduces target price from 241p to 198p and leaves its buy recommendation uncha
Read more