FTSE 100 movers: ARM falls on reaffirmed 'sell' rating
16th Apr 2013 15:06
Chip designer ARM Holdings was the biggest faller after Societe Generale reiterated its bearish 'sell' rating on the stock. That comes on the back of slowing growth trends for the two leading smartphone makers. "We estimate that to justify the current share price ARM needs to maintain over 15 per ce
Read moreLondon close: Stocks slip as central banks stand pat
7th Feb 2013 17:19
Markets across Europe suffered steep losses on Thursday as traders reacted to comments from central bankers from the UK and Europe. "Early gains in equity markets proved unsustainable in the face of rising European yields and the unconvincing political backdrop," said senior sales trader Matt Basi
Read moreFTSE 100 movers: Compass rises on strong first quarter
7th Feb 2013 14:58
Contract caterer Compass was a high riser after having a good first quarter with expectations for the full year unchanged as its North America and emerging market business segments performing strongly. Telecoms group Vodafone rose despite posting a 1.8% drop in revenue for the last three months of
Read moreLondon midday: Markets lower as BoE holds rates
7th Feb 2013 11:46
Markets were slightly lower by Thursday lunchtime as it was announced that the Bank of England (BoE) had kept interest rates unchanged at its latest meeting, however investors were focusing mainly on comments from incoming Governor Mark Carney before the Treasury Select Committee. Carney and the Bo
Read moreBroker tips: Vodafone, Smith & Nephew, SuperGroup
7th Feb 2013 11:15
Vodafone's share price may have reacted well to the company's third-quarter results on Thursday, but Nomura has highlighted concerns with the company's dividend on the back of accounting changes to be implemented next year which could cut free cash flow. "Vodafone's board will reconsider uses of ca
Read moreBroker snap: Investec downgrades Smith & Nephew but raises target price
7th Feb 2013 10:26
Investec has highlighted the strong end to the year seen at Smith & Nephew but has been forced to downgrade its rating for the stock with the expected total return (ETR) now under 10 per cent. "Smith & Nephew has delivered a strong set of Q4's with EPSA [earnings per share (adjusted)] coming in alm
Read moreLondon open: Markets cautious ahead of policy decisions
7th Feb 2013 08:42
The FTSE 100 index opened slightly higher on Thursday morning, helped by some decent gains by Vodafone, TUI Travel and Compass, but trade was cautious ahead of the monthly policy meetings at the Bank of England (BoE) and European Central Bank (ECB). The BoE decision is expected at midday, with fore
Read moreSmith & Nephew hikes divi after beating forecasts in Q4
7th Feb 2013 07:23
Medical technology group Smith & Nephew has raised its dividend by a half after a strong finish to 2012, which saw the company beat forecasts for both revenue and profit in the fourth quarter. The board recommended a 50% increase in the final dividend to 16.2 cents per share, "reflecting our confid
Read moreLondon close: Corporate earnings, services data push markets higher
5th Feb 2013 16:27
The FTSE 100 staged a partial recovery today after Monday's sell-off, with decent corporate earnings and better-than-expected service-sector data doing their bit to repair damaged market sentiment. London's benchmark index slumped 100 points yesterday as political uncertainty in the Eurozone result
Read moreFTSE 100 movers: Hargreaves Lansdown rises ahead of results
5th Feb 2013 15:00
Financial services firm Hargreaves Lansdown rose to the top of the FTSE 100 Tuesday - one day ahead of its interim results. Analysts at Barclays today raised their price target on the firm's shares to 820p from 800p. Microprocessor IP licensing company ARM Holdings was also climbing the ladder aft
Read moreBroker tips: Insurers, ARM, Smith & Nephew
5th Feb 2013 11:35
Ahead of earnings season for insurance stocks, Nomura has reviewed its coverage on the non-life sub-sector, highlighting Admiral as its top pick whilst upgrading its rating for Direct Line and downgrading RSA. In a research report on Tuesday, Nomura said: "We are not expecting any major surprises,
Read moreBroker snap: Panmure downgrades Smith & Nephew to 'hold'
5th Feb 2013 11:00
With Smith & Nephew having reached Panmure Gordon's target price, the broker has downgraded the stock from 'buy' to 'hold' despite it remaining bullish for the group's long-term outlook. Panmure said that it expects the medical technology firm's full-year results on Thursday to be "largely positive
Read moreLondon close: FTSE ends half-day session with small gains
24th Dec 2012 11:31
Market Movers techMARK 2,127.22 +0.05% FTSE 100 5,945.31 +0.24% FTSE 250 12,396.05 +0.27% - Modest gains for FTSE ahead of Christmas break - Concern for retailer in the coming year - House prices fell in December The FTSE made modest gains on Monday - a half day for markets, which will re-open in
Read moreLondon mid-session report: Modest gains seen on FTSE
24th Dec 2012 10:52
Market Movers techMARK 2,127.76 +0.05% FTSE 100 5,953.90 +0.23% FTSE 250 12,385.39 +0.19% The FTSE made small gains on Monday - a half day for markets - up 14 points ahead of the Christmas holiday period, as the majority of investors take time off and trading volumes fall. In economic news, it ha
Read moreLondon open: Small gains seen on FTSE
24th Dec 2012 08:24
Market Movers techMARK 2,127.39 +0.03% FTSE 100 5,948.57 +0.14% FTSE 250 12,359.99 -0.02% The FTSE opened little changed on Monday - a half day for markets - up just six points ahead of the Christmas holiday period, as the majority of investors take time off and trading volumes fall. With no UK a
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