London pre-open: Stocks to open lower after yesterday's boom
4th Jan 2012 07:35
Stocks are set to start the day lower as they settle down following Tuesday's strong trading. City sources predict the FTSE 100 will open down 24 points from yesterday's close of 5,700. Pizza delivery firm Domino's Pizza saw a slow-down in year-on-year like-for-like sales (LFL) growth in the fina
Read moreSmith and Nephew hives off US Biologics arm
4th Jan 2012 07:19
Smith and Nephew, the medical technology business, has agreed to form a joint venture with Essex Woodlands, a specialist healthcare growth equity and venture capital firm, that will see it transfer the bulk of its US biologics team and Clinical Therapies business to the new firm. The new entity, ca
Read moreWednesday tips round-up: Smith & Nephew, AstraZeneca
21st Dec 2011 06:52
The Times's Tempus column looks at medical supplies firm Smith and Nephew which was once a perennial takeover target. After a re-organisation by its new Chief Executive the group is now focused on growth in the developing markets of China and India. A key metric for the firm though is how much ele
Read moreSmith & Nephew sees shares fall on leaked details
5th Dec 2011 12:49
Medical technology business Smith & Nephew lost 4p on its share price after it was revealed that US medical programme, Medicare, is refusing to pay for patients to stay in hospital for orthopedic operations in 11 states unless the treatment is reviewed and deemed necessary. In a letter between the
Read moreThursday broker round-up - UPDATE
24th Nov 2011 09:48
Weir: Peel Hunt upgrades from hold to buy, target cut from 2,100p to 2,000p. Weir: Investec maintains buy rating and 2,250p target. Compass: Panmure Gordon raises target from 643p to 658p, buy rating unchanged. Smith & Nephew: Panmure Gordon cuts target from 750p to 640p, buy rating kept. Dixons
Read moreLondon close: Footsie extends losing streak
22nd Nov 2011 16:42
After spending almost all of the day in the blue and threatening to end a six-day losing streak, Footsie tumbled at the death to extend its miserable sequence. Disappointing third quarter gross domestic product data from the US played a part in London's late swoon. The second estimate for third qu
Read moreLondon midday: Miners on the rise, defence stocks down on US fears
22nd Nov 2011 12:23
London's blue chip index held on to gains in morning trade, recovering after a six-day sell-off. While markets are still concerned with the ongoing troubles in the Eurozone, fears over the credit rating of the US eased after Standard & Poor's and Moody's reiterated their ratings last night. Neverth
Read moreTuesday broker round-up - UPDATE
22nd Nov 2011 09:34
British Land: Bank of America-Merrill Lynch upgrades to buy from neutral. Centrica: Goldman Sachs keeps at Conviction Buy. Smith&Nephew: Citi cuts target to 492p from 507p, keeps at sell. Smith&Nephew: Citi reiterates neutral. Thomas Cook: Evolution Securities downgrades from neutral to sell, t
Read moreSector movers: Insurers head lower
14th Nov 2011 16:09
Insurers were among the worst performers of the day, as the broader financial sector was weighed down by concerns over rising bond yields in Italy and Spain. FTSE 100 life insurance peers Prudential, Legal & General and Resolution were among the heaviest fallers on the blue chip index, while Phoeni
Read moreFTSE 100 Movers: Smith & Nephew, ITV lead the risers
14th Nov 2011 13:56
Medical equipment manufacturer Smith & Nephew was the high riser helped by Exane BNP Paribas which upped its recommendation on the stock from neutral to outperform. ITV, Britain's biggest private terrestrial broadcaster, was heading north after reporting a 4% rise in revenues in the nine months to
Read moreLondon midday: Footsie retreats after positive start
14th Nov 2011 12:18
The early optimism faded in late morning trade, with the Footsie now trading nearly 1% lower despite a positive start early on, after an Italian bond sale saw significantly higher yields than last month's. Meanwhile, investors will still be digesting the latest shake-ups in Italian and Greek politic
Read moreFTSE 100 Movers: Admiral dives more than 28%
9th Nov 2011 13:02
Shares in insurance firm Admiral tanked by more than 28% this morning after it warned 2011 profits would be at the lower end of expectations due to a jump in personal injury claims. In its third quarter statement the firm had said it expected to report record profits for the full year, around 10%
Read moreWednesday broker round-up - UPDATE
9th Nov 2011 09:58
Admiral: Nomura puts buy rating and 1,900p target under review Admiral: Investec keeps sell rating and 843p target. HSBC: Evolutions Securities keeps sell rating and 650p target. British American Tobacco: Alpha Value downgrades to reduce from add. Regus: Credit Suisse upgrades from neutral to o
Read moreBroker snap: Credit Suisse sees open wounds at Smith and Nephew
7th Nov 2011 16:15
For those looking for an investment sticking plaster, don't go for Smith and Nephew, according to analysts at Credit Suisse. The medical equipment manufacturer based in Kingston Upon Hull has been downgraded from "overperform" to "neutral". The number crunchers at Credit Suisse are worried about ma
Read moreMonday broker update: Smith&Nephew, IAG, Tate&Lyle -UPDATE
7th Nov 2011 09:19
Taylor Wimpey: Peel Hunt keeps at sell. XChanging: Peel Hunt stay at sell. Tullet Prebon: Singer Capital keeps at buy. Bovis Homes: Panmure Gordon stays at hold. Rotork: Panmure Gordon upgrades to buy from hold. Lonrho: Panmure Gordon keeps at buy. Hammerson: Panmure Gordon keeps at buy. Smi
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