Charles Stanley upgrades Smith & Nephew to 'accumulate' off quarter two results
31st Jul 2015 15:01
(ShareCast News) - Analysts at Charles Stanley raised their rating for Smith & Nephew from 'hold' to 'accumulate' and lifted their price target to 1167p from 1143p. Medical products suppler Smith & Nephew posted revenue up by 5% to $1,168m and trading profit up 6% to $512m. Charles Stanley analyst
Read moreFTSE 100 movers: Shell rallies on better-than-expected earnings, but Centrica drops after announcing job cuts
30th Jul 2015 15:56
(ShareCast News) - London's top-flight index was up 0.6% at 6,670 by 15:41 BST, as investors waded through a raft of earnings reports. Royal Dutch Shell and BG Group were both sharply higher after Shell's second-quarter results beat expectations. The Anglo-Dutch oil major posted adjusted profits of
Read moreSmith & Nephew first-half profit rises, reiterates full-year guidance
30th Jul 2015 08:53
(ShareCast News) - Smith & Nephew posted a 4% rise in first-half revenue and a 6% gain in underlying trading profit amid continued improvement in its Advanced Wound Care business, growth in emerging markets and a strong global performance in its reconstruction unit. Revenue for the first half ended
Read moreLondon midday: Stocks hold near highs as traders monitor Greek situation
10th Jul 2015 11:44
(ShareCast News) - Stocks were holding near their best levels of the day as traders waited for the Greek parliament to vote on their Prime Minister's bailout proposal and monitored the news flow to see if Germany would allow debt-relief. There was uncertainty early on Friday over how European leader
Read moreLondon open: Stocks track gains in Europe, China
10th Jul 2015 08:50
The relief rally in British stocks gathered pace after Greece made concessions to its creditors overnight in exchange for a £38.56bn (€53.5bn) rescue programme, although some analysts and government officials were cautious. As of 08:55 the Footsie was up by 51.89 points to 6,633.59. The second tier
Read moreSmith & Nephew buys Russian manufacturing business
10th Jul 2015 07:29
Medical technology company Smith & Nephew announced the acquisition of the trauma and orthopaedics business of Deost LLC and DC LLC, a manufacturing company that has distributed S&N's products in Russia since 2009. Smith & Nephew provided no financial details about the deal but said it brings the tw
Read moreLondon close: Stocks rise for fourth day on continued Greek optimism
23rd Jun 2015 16:40
UK stocks closed with small gains on Tuesday but finished higher for the fourth straight day as hopes over Greece continued to support markets. The FTSE 100 rose 9.2 points (+0.13%) to 6,834.87, its highest finish since 11 June, as broker upgrades lifted shares of blue chips Sports Direct, Smith & N
Read moreFTSE 100 movers: Bunzl dips on slower growth, miners extend losses
23rd Jun 2015 13:28
London markets continued to rebound on Tuesday, as better-than-expected economic data, positive broker sentiment and renewed optimism on Greek negotiations buoyed stocks. As of 14:15 BST, the FTSE 100 was trading 0.3% higher at 6,846. Distribution and outsourcing business Bunzl disappointed with a
Read moreLondon midday: Broker upgrades and data lift UK stocks as Greek hopes rise
23rd Jun 2015 12:05
Better-than-expected economic data and improving optimism surrounding Greece strengthened stock markets on Tuesday morning, with sentiment also lifted by a raft of broker upgrades. The FTSE 100 was trading 0.25% higher at 6,842.53 by midday with Sports Direct, Smith & Nephew, Johnson Matthey, Diageo
Read moreUBS upgrades Smith & Nephew to 'buy'
23rd Jun 2015 08:25
UBS upgraded Smith & Nephew to 'buy' from 'neutral' and raised the target price to 1,275p from 1,175p. "Our channel checks with wound nurses and industry experts lead us to believe that Smith & Nephew's wound division is currently operating below its potential," said UBS. It now sees scope for divis
Read moreLondon midday: Bond jitters weigh on stocks
4th Jun 2015 11:54
UK stocks edged lower following recent volatility in sovereign debt markets and amid mixed reports on the progress made at a meeting between Greek Prime Minister Alexis Tsipras and the head of the European Commission, Jean Claude Juncker. As of 12:21 the FTSE 100 was lower by 95.23 points to 6,855.2
Read moreLondon open: European bond yields keep rising, stocks down
4th Jun 2015 08:48
Stocks began the morning moving lower amid mixed reports regarding the progress made at a meeting between Greek Prime Minister Alexis Tsipras and the head of the European Commission, Jean Claude Juncker. As of 08:55 the FTSE 100 was lower by 87.36 points to 6,863.10. A large drop in Chinese stocks
Read moreLondon pre-open: Stocks to slide lower amid concerns over bonds, market volatility, Greece
4th Jun 2015 07:21
Blue chips are headed for a drop early on in Thursday's session, reversing the gains seen on Wednesday as concern about the bond market and predictions from the European Central Bank (ECB) that market volatility will persist weigh on investor sentiment. City sources predict the FTSE 100 will open ar
Read moreSmith & Nephew to remove hip device from market
4th Jun 2015 07:01
Medical technology group Smith & Nephew has chosen to remove one of its hip devices from the market, based on recent performance data. The removed device and its corresponding components accounted for around 1% of the company's global hip implant revenue in 2014, and 0.1% of group revenues and as su
Read moreLondon close: Stocks edge higher despite mixed earnings, data
30th Apr 2015 16:23
UK stocks managed to erase earlier losses to settle in positive territory on Thursday as investors picked up bargains following heavy losses over the last two sessions. The FTSE 100 finished 0.21% higher at 6,960.63, bouncing back after hitting a low of 6,906.24 early on amid a mixed batch of corpor
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