Broker tips: Smiths Group, Unilever, RSA
17th Jul 2013 11:22
Investec has reiterated its 'buy' rating and 1,500p target price for Smiths Group despite the technology firm surprising the market with a profit warning on Wednesday, with the broker saying that its positive outlook on the stock remains unchanged. "Although this update is negative, it does not fun
Read moreBroker snap: Investec undeterred by Smiths Group profit warning
17th Jul 2013 10:23
Investec has reiterated its 'buy' rating and 1,500p target price for Smiths Group despite the technology firm surprising the market with a profit warning on Wednesday, with the broker saying that its positive outlook on the stock remains unchanged. Smiths said in a pre-close update that headline op
Read moreLondon open: Miners, financials gain ahead of BoE minutes
17th Jul 2013 08:30
Markets edged higher on Wednesday morning with strong gains in the mining and financial sectors providing a lift ahead of key announcements from central banks in the UK and US. The minutes of the latest Bank of England policy meeting are due out this morning with investors waiting to hear what Mark
Read moreLondon pre-open: Markets seen higher with central banks in focus
17th Jul 2013 07:41
Stocks are expected to make small gains on Wednesday morning with both the Bank of England (BoE) and Federal Reserve in focus. City sources predict the FTSE 100 will open up around 10 points from yesterday's close of 6,556. The minutes of the latest BoE policy meeting are due out this morning with
Read moreSmiths Group lowers full-year expectations
17th Jul 2013 07:03
Engineering company Smiths Group said its headline operating profit for the full-year was likely to be 15m pounds below current expectations, reflecting contractual issues in its Detection unit. Smiths Detection's headline operating margin has been affected by contract mix and the initial under-re
Read moreSmiths maintains pensions deficit recovery plan
5th Jul 2013 07:09
Engineer Smiths Group has agreed to continue its current pension scheme payments over a slightly shorter time. Smiths has two major UK pensions schemes Smiths Industries Pension Scheme (SIPS) and the TI Group Pension Scheme (TIGPS). Their recent actuarial valuations showed deficits of £535m in SIP
Read moreLondon close: Rally continues as FTSE 100 jumps
27th Jun 2013 16:44
Strong US economic data and some reassuring comments by a member of the Federal Reserve gave markets a big boost on Thursday, helping the FTSE 100 to extend gains into the third day. After hitting a fresh five-month low of 6,029 on Monday, the FTSE 100 has risen strongly over the past three session
Read moreBroker snap: Smiths Group jumps after UBS upgrade
27th Jun 2013 15:41
Smiths Group, the technology business which makes a range of products from contraband detection to medical devices, was a high riser in London on Thursday after UBS upgraded its rating from 'neutral' to 'buy'. Smiths, which last month confirmed it had received an approach for its Medical division,
Read moreSector movers: DS Smith and Smiths Group boost industrials higher
27th Jun 2013 14:51
Industrial stocks were performing well on Thursday with well-received results from DS Smith and a broker upgrade for Smiths Group boosting the sector higher. FTSE 250 paper and plastic packaging company DS Smith jumped today after seeing annual pre-tax profits soar 51% and revenue surge 86% followi
Read moreFTSE 100 movers: Smiths Group tops the leaderboard
27th Jun 2013 13:21
Engineering companies Smiths Group and Weir Group were the top gainers on Thursday.UBS upgraded Smith Group's stock to 'buy' from 'neutral', helping to push shares higher. Tate & Lyle advanced as Morgan Stanley rated the sweetener maker's stock for the first time on Thursday, recommending an 'overw
Read moreTech giant Smiths names new Chairman
17th Jun 2013 10:26
FTSE 100-listed global technology business Smiths Group has appointed Sir George Buckley as its Chairman, effective from the close of its annual general meeting on November 19th 2013. He succeeds Donald Brydon whose planned retirement was announced by the group last year. The group said that Sir
Read moreTuesday broker round-up UPDATE
4th Jun 2013 07:25
Afren: Goldman Sachs shifts target price from 224p to 221p keeping a buy recommendation. Alent: Goldman Sachs initiates with a target price from 426p and a buy recommendation. Amerisur Resources: Goldman Sachs moves target price from 65p to 82p and stays with its neutral rating. Bahamas Petroleum
Read moreLondon midday: FTSE 100 down one per cent as volatility continues
31st May 2013 11:26
The volatile trade seen over the past week continued on Friday with investors turning nervous ahead of another raft of economic indicators from the US later on. "European markets have taken a leg lower this morning as traders look to scale back risk heading into the month's end, with the central ba
Read moreLondon open: Markets down as traders await economic data
31st May 2013 08:21
Stocks sank sharply on Friday morning, continuing the volatile pattern seen over the past week, as traders cautiously awaited more economic figures from the States. Stocks gained slightly yesterday as a worse-than-expected second reading of US gross domestic product growth and a rise in jobless cla
Read moreSmiths Group in talks to sell medical division
31st May 2013 08:07
UK engineer Smiths Group confirmed on Friday it has been in talks to sell its medical division. The group has been looking to sell the unit after an approach by potential buyers including San Diego-based healthcare business CareFusion, according to reports. Smiths also rejected an approach by priv
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