Smiths Group activist break-up would be worth 1500p, says Credit Suisse
4th Aug 2015 15:12
(ShareCast News) - After US activist investor ValueAct built a near-5% stake in Smiths Group, Credit Suisse calculated a 1,500p-per-share break-up value for the aerospace engineer. According to reports, ValueAct, an $18bn activist fund which has previously influenced the direction of US companies in
Read moreFTSE 100 movers: Shire slips on bid rebuff, Smiths lifted by activist hopes
4th Aug 2015 14:47
(ShareCast News) - The FTSE 100 was marginally in the red on Tuesday afternoon after an early fall was followed by a sharp bounce that soon lost momentum. London's primary equity index was down 0.14% at 6,679.14 points by 1405 BST, with shares in drug company Shire leading the fallers. The Dublin-h
Read moreLondon midday: FTSE 100 declines on surprise construction slowdown
4th Aug 2015 12:21
(ShareCast News) - The FTSE 100 continued its slide as investors weighed earnings, mixed news from Greece and a worse-than-expected report on the UK construction sector. The Markit/CIPS purchasing mangers' index on UK construction activity fell to 57.1 in July from 58.1 a month earlier, missing fore
Read moreLondon open: Stocks slump as commodities weaken
4th Aug 2015 09:23
(ShareCast News) - London equities were dragged into negative territory by natural resource related stocks as commodity prices weakened. A measure of mining shares were in the red, including Rio Tinto, Anglo American and Fresnillo, as gold and silver prices declined on the Comex. The mining sector
Read moreSmiths Group surges on reports of ValueAct stake
4th Aug 2015 09:20
(ShareCast News) - Shares in engineering company Smiths Group surged after it emerged that US activist hedge fund ValueAct is a shareholder. According to the Financial Times, ValueAct's stake in Smiths is below the 5% required for disclosure to the London Stock Exchange. The news comes just days af
Read moreLondon close: Stocks drop on lack of fresh Greek proposals
7th Jul 2015 16:37
Failure by Greece to present a new cash-for-reforms package to Eurozone finance ministers sent UK stocks firmly lower on Tuesday, with heavyweight mining shares bearing the brunt of an aversion to risk and sell-off in metal prices. Despite hopes that Athens would table a new plan an at emergency sum
Read moreFTSE 100 movers: Defensives gain, miners sold off as risk appetite wanes
7th Jul 2015 15:16
Defensive sectors such as real estate and pharmaceuticals were performing well while commodity stocks were falling on Tuesday, with investors reducing their appetite for risk as European leaders met in Brussels to discuss Greece's future. Stocks which tend to hold up better in times of economic inst
Read moreLondon open: Stocks inch lower ahead of key Greek summit
7th Jul 2015 09:15
UK stocks were trading slightly lower on Tuesday morning as investors awaited news from a meeting of Eurozone officials to discuss fresh proposals from Greece. The FTSE 100 was down 0.17% at 6,524.60 early on with oil and gas stocks out of favour following the recent plunge in crude prices. Stocks
Read moreLondon pre-open: Stocks to inch higher ahead of euro meeting on Greece
7th Jul 2015 07:43
UK stocks are expected to edge higher on Tuesday morning, though upside will only be moderate as investors continue to watch the latest developments in Greece. City sources predict the FTSE 100 will open 12 points higher than Monday's close of 6,535.68. Stocks worldwide had slumped on Monday after
Read moreSmiths Group appoints GKN automotive boss as new CEO
7th Jul 2015 07:18
Technology firm Smiths Group has appointed the head of GKN's automotive division as its new chief executive. Andrew Reynolds Smith, who currently leads the driveline systems and powder metal components unit of GKN, will join Smiths on 25 September. The announcement followed Philip Bowman's decision
Read moreFTSE 100 movers: RBS hit by mortgage bond allegations, Vodafone by ML note
3rd Jul 2015 13:34
UK stocks inched lower on Friday, as investors continued to fret in the run up to Sunday's Greek referendum. As of 14:30 BST, the FTSE 100 was trading 0.5% lower at 6,595, led by Vodafone after a negative note on the telecoms giant by Merrill Lynch, which told clients it felt the stock's recovery re
Read moreBroker tips: Serco, Smiths Group, Jimmy Choo, AstraZeneca
2nd Jul 2015 11:22
Serco's stock was extending gains on Wednesday after a well-received first-half trading update the day before, with Numis Securities providing a further boost by upgrading its recommendation from 'reduce' to 'hold'. Numis said Serco revelations that first-half trading had been a little better than e
Read moreSmiths Group gains as JPMorgan reiterates 'overweight' stance
2nd Jul 2015 09:55
Share in Smiths Group rose nearly 3% on Thursday after JPMorgan Cazenove reiterated its 'overweight' stance on the stock, pointing to close to 13% upside to its unchanged 1,280p price target "We believe the group is currently on track to deliver on our unchanged full year forecasts for 2015," the br
Read moreLondon close: Stocks finish flat on global economic data comes in mixed
21st May 2015 16:42
A barrage of mixed economic data from across the globe had an equally mixed impact on the markets on Thursday, with UK stocks finishing broadly flat after swinging between gains and losses for most of the session. Mining shares were lifted by stimulus speculation in China while the energy sector was
Read moreFTSE 100 movers: Miners higher, Hargreaves Lansdown surges on record inflows
21st May 2015 13:19
London stocks inched higher on Wednesday, buoyed by stronger than expected retail sales and strong performances from mining, telecommunications and pharmaceutical stocks. At 14:30 BST, the FTSE 100 was trading 4 points higher at 7,011. Mining stocks, including Fresnillo, BHP Billiton and Rio Tinto,
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