London midday: Markets underwhelmed by Carney's dovish guidance
7th Aug 2013 11:38
The FTSE 100 had sunk sharply by Wednesday lunchtime as markets reacted negatively to the Bank of England's (BoE) new forward guidance and improved growth forecasts. All eyes were on new BoE Governor Mark Carney today as he unveiled the central bank's quarterly Inflation Report in which he was wide
Read moreLondon open: Stocks fall as markets await Carney's forward guidance
7th Aug 2013 08:31
Markets opened with moderate losses on Wednesday morning as investors turned nervous ahead of the Bank of England's inflation report, the first under the governorship of Mark Carney. The heavyweight mining sector was again providing a drag on the FTSE 100 as metals prices fell, while a number of b
Read moreFTSE 250 movers: Vesuvius, Man Group, CSR, Modwen
2nd Aug 2013 12:46
Vesuvius advanced after the maker of ceramic moulds and lining for steelmakers and foundries reported a 39 per cent rise in profit, driven by a stabilisation in demand and the disposal of its low-margin businesses. Hedge fund, Man Group, posted first-half earnings that beat analysts' estimates, des
Read moreLondon close: Stocks erase losses after late US-inspired rally
2nd Jul 2013 16:34
A strong start on Wall Street helped the FTSE 100 erase its earlier losses on Tuesday, though markets still ended flat ahead of some key 'risk events' expected later on in the week. After hitting an intraday low of 6,268 earlier on, London's benchmark index rallied strongly in afternoon trade to fi
Read moreFTSE 250 movers: Inmarsat hit by concerns over delays to GX launch
2nd Jul 2013 14:07
Satellite group Inmarsat was a heavy faller today after negative readacross from a failed rocket launch by one of its partners. ILS, the launch partner for Inmarsat's Global Xpress (GX) airline broadband project, was involved in an explosion of a Proton rocket, the third failure over the last year r
Read moreLondon midday: Markets pull back ahead of key risk events
2nd Jul 2013 11:32
The FTSE 100 was trading firmly lower on Tuesday morning with profit-taking evident after a strong performance over the past week, as investors gear up for central-bank meetings and key US data later in the week. London's benchmark index jumped 1.5% yesterday as it continued to rebound strongly af
Read moreSt. Modwen Properties reports increase in first half profits
2nd Jul 2013 09:40
British-based property investment and development business St. Modwen Properties posted an 11 per cent increase in first half pre-tax profit to 38.8m pounds. The company, which specialises in regeneration and remediation of brownfield land and urban environments, saw its shareholders' equity net as
Read moreLondon open: Stocks lower, traders take profits after recent gains
2nd Jul 2013 08:53
The FTSE 100 opened firmly lower on Tuesday morning as investors paused for breath following a decent performance over the last week. London's benchmark index jumped 1.5% yesterday as it continued to rebound strongly after hitting a five-month low of 6,029 last Monday on the back of concerns over a
Read moreSt. Modwen expects interim profit to match previous year
3rd Jun 2013 07:17
Regeneration specialist St Modwen Properties said strong progress has continued across the business, despite challenging markets, and it expects to reveal half year pre-tax profit at the same level as last year. "Notwithstanding a challenging marketplace, initial indications point to positive marke
Read moreSector movers: Property stocks gain as Land Secs jumps to four-year high
15th May 2013 14:51
Land Securities was trading at levels not seen in over four years after its full-year results on Wednesday, providing a big boost to the real estate sector. The commercial property group, which has a portfolio of shopping centres, retail parks and office accommodation, this morning revealed a 4.6%
Read moreFriday broker round-up UPDATE
10th May 2013 07:14
Afren: Westhouse Securities initiates with a target price of 160p and a buy recommendation. Ashmore Group: Credit Suisse raises target price from 375p to 440p upgrading from underperform to neutral. Barratt Developments: Citigroup increases target price from 245p to 315p leaving its neutral rating
Read moreGreggs Chairman shows faith after reporting reduced footfall
2nd May 2013 16:14
The Chairman of Greggs, the FTSE 250 baking group, on Thursday purchased 2,500 shares just a few days after the company warned investors profits are likely to come in at the lower end of the range of market expectations. Derek Netherton's £10,000 purchase saw him buy the shares at 399.9p each, and
Read moreSt. Modwen Properties reports strong progress
9th Apr 2013 07:56
St. Modwen Properties on Tuesday said it has "performed well" since the start of the year with two milestone developments in London and Wales. In February the company raised gross proceeds of £49m to develop the New Covent Garden Market site in Nine Elms, London, without the need to increase its de
Read moreSt Modwen signs deal with Swansea University
20th Mar 2013 15:04
St. Modwen Properties, the FTSE 250 regeneration specialist, has signed an agreement with Swansea University to deliver the first phase of a new Science and Innovation Campus. The £450m campus will be located on St. Modwen's 65 acre Transit site, one of the holdings within a 2,500 acre portfolio a
Read moreMonday broker round-up UPDATE
11th Mar 2013 07:23
Admiral Group: Berenberg ups target price from 1000p to 1060p, but still recommends selling. Amlin: Westhouse Securities raises target price from 440p to 455p, but downgrades from add to neutral. Anite Group: Invetsec downgrades from buy to hold with a target price of 157p. Aviva: Citigroup reduc
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