Smiths Group appoints Group Strategy Director
2nd Apr 2014 07:27
UK engineering company Smiths Group has appointed Silvio Bracone as Group Strategy Director. He will start effective immediately and replaces Mark Reckitt, who is leaving to focus on his "expanding portfolio of non-executive roles". Bracone is a former executive at Danaher and the Boston Consultin
Read moreThursday broker round-up UPDATE
27th Mar 2014 09:02
Aberdeen Asset Management: Credit Suisse reduces target price from 470p to 415p maintaining a neutral rating. Acta: Cantor Fitzgerald reinstates with a target price of 13p (prev.: 16p) and a buy recommendation. African Minerals: Jefferies cuts target price from 300p to 250p and retains a buy recom
Read moreLondon midday: Insurance stocks push markets higher, but banks fall
26th Mar 2014 11:42
- FTSE 100 at highest since March 11th - Insurers provide a lift, Standard Life and Phoenix in focus - Lloyds drops after government sale, RBS downgraded - ECB, PBoC stimulus hopes and US data drive gains techMARK 2,787.86 +0.51% FTSE 100 6,630.79 +0.39% FTSE 250 16,273.83 +0.75% UK stocks were at
Read moreLondon open: Stocks at two-week high, Standard Life jumps
26th Mar 2014 08:19
- FTSE 100 set for best close since March 12th - Markets track gains on US, Asian indices - Standard Life, Phoenix agree on Ignis deal - Lloyds drops after government sale techMARK 2,793.31 +0.70% FTSE 100 6,620.06 +0.23% FTSE 250 16,264.06 +0.69% UK stocks edged higher on Wednesday morning with m
Read moreLondon midday: UK stocks at six-week low after hawkish comments from Yellen
20th Mar 2014 12:01
- Yellen comments rattle markets on tightening fears - FOMC tapers asset purchases by another 10bn dollars/month - Next impresses with full-year results - Changes in Budget continuing to affect stocks techMARK 2,788.04 -1.09% FTSE 100 6,500.19 -1.11% FTSE 250 16,174.99 -1.00% UK stocks dropped sha
Read moreThursday broker round-up UPDATE
20th Mar 2014 09:19
Antofagasta: Deutsche Bank cuts target price from 770p to 735p and downgrades to sell. Investec cuts target price from 753p to 726p keeping its sell recommendation. Ashmore Group: HSBC Holdings lowers target price from 410p to 400p retaining its overweight rating. Avacta Group: Numis shifts target
Read moreThursday tips round-up: Smiths Group, Pure Circle
20th Mar 2014 09:12
Following yesterday's dip in shares of Smiths Group, after the release of its latest set of halfway figures, the stock is back at where it was when talk surfaced last summer of an approach for its medical division. Ironically, it was precisely that division's performance which was one of the weakest
Read moreLondon open: Stocks drop after hawkish comments from Yellen
20th Mar 2014 08:21
- Yellen says rate hike could come six months after QE ends - Fed continues to taper by 10bn dollars a month - Next impresses with full-year results techMARK 2,804.74 -0.50% FTSE 100 6,546.18 -0.41% FTSE 250 16,267.89 -0.43% UK stocks fell on Thursday morning, following a sell-off on US and Asian
Read moreLondon midday: Stocks rangebound ahead of UK Budget, FOMC
19th Mar 2014 11:33
- Osborne's 2014 Budget in focus - Jobless rate, BoE minutes, FOMC meeting - Ukraine-Russia tensions running high - Smiths Group drops on H2 outlook - Ophir plummets, Imagination jumps techMARK 2,817.88 +0.53% FTSE 100 6,595.59 -0.15% FTSE 250 16,366.11 +0.07% Stocks were trading in the red on Wed
Read moreBroker tips: Antofagasta, Persimmon, Smiths Group
19th Mar 2014 11:30
Copper producer Antofagasta was trading in the red on Wednesday after having its rating downgraded by Credit Suisse from 'neutral' to 'underperform' following the stock's outperformance over recent months. "With the positive of better-than-expected cost-cutting now played out together with heighte
Read moreInvestec, Numis divided on Smiths Group after first-half results
19th Mar 2014 11:19
Investec has maintained its positive 'buy' stance on Smiths Group despite the sharp fall in the manufacturing firm's share price on Wednesday after its first-half results. Numis Securities, however, chose to keep a 'reduce' rating, saying it sees "better value elsewhere" in the sector. Investec sa
Read moreWednesday broker round-up UPDATE
19th Mar 2014 09:00
Afren: Canaccord Genuity lowers target price from 185p to 180p and stays with its buy recommendation. Antofagasta: Westhouse Securities reduces target price from 1060p to 985p staying with its buy recommendation. Credit Suisse downgrades from neutral to underperform with a target price of 750p. JP
Read moreLondon open: Stocks trading lower ahead of busy day
19th Mar 2014 08:31
- Ukraine-Russia tensions running high - UK Budget in focus - FOMC meeting concludes later on - Antofagasta, HSBC hit by downgrades - Smiths Group warns of currency headwinds techMARK 2,810.68 +0.27% FTSE 100 6,591.09 -0.21% FTSE 250 16,348.73 -0.03% UK stock opened with small losses on Wednesday
Read moreLondon pre-open: Ukraine, UK Budget in focus
19th Mar 2014 07:23
- Decent finish in US - Focus on UK Budget, MPC minutes, US FOMC - Ukrainian officer killed by Russian forces overnight The City is expecting a broadly flat start this morning, with maybe a rise of just a few points early on as investors await a number of important economic announcements following
Read moreSmiths Group beats H1 estimates, but warns of rising FX headwinds
19th Mar 2014 07:00
- Profit decline less than expected - Currency headwinds to increase in H2 - Trading mixed between divisions UK manufacturing firm Smiths Group reported a smaller-than-expected decline in adjusted profits in its first half, but warned that foreign exchange headwinds will increase towards the end of
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