London open: RBS leads the advance
4th Nov 2011 23:18
Equities have started the day on the front foot but are not straying too far from last night's levels, bearing in mind that the market-moving US October jobs report is due out this afternoon. Nationalised lender Royal Bank of Scotland (RBS) is leading the advance after its third quarter advance, al
Read moreSmith & Nephew disappoints on margins
4th Nov 2011 08:59
Shares in Smith & Nephew fell this morning after it posted lower third quarter profits, which were hit by poor margins in its orthopaedics divisions. The medical technology business said that pre tax profits in the three months to October had fallen to $188m, down from $201m the previous year. To
Read moreUPDATE: Friday broker round-up
4th Nov 2011 08:58
Royal Bank of Scotland: Nomura keep neutral rating and target of 34p. Royal Bank of Scotland: Evolution Securities keeps buy recommendation and 40p target. Man Group: UBS reduces target from 250p to 210p, buy rating maintained. RSA: Nomura reiterates buy rating and 148p target. Smith & Nephew:
Read moreLondon pre-open: Operating profits disappoint at RBS
4th Nov 2011 07:40
Yesterday's advance looks set to continue today, albeit at a more sedate pace, as investors await October's US jobs data and further developments in Greece, where the government faces a vote-of-confidence motion in parliament today. City sources predict the FTSE 100 will open up 25 points from yes
Read moreFriday preview: Greek vote, US jobs data, Smith and Nephew ...
3rd Nov 2011 20:01
Activities on the UK corporate news front are set to take a back seat on Friday to events in Greece, where the government faces a vote of confidence motion in parliament, and the US, where the non-farm payrolls data will be as keenly watched as ever. Even inveterate gamblers are reluctant to take a
Read moreUPDATE: Tuesday broker round-up
1st Nov 2011 09:33
Man Group: Credit Suisse reiterates outperform rating and 235p target. Barclays: UBS downgrades from buy to neutral, target raised from 208p to 215p. Barclays: Investec keeps buy rating and 330p target. Legal & General: Nomura keeps buy rating and 180p target. Legal & General: Investec keeps sel
Read moreUPDATE: Thursday broker round-up
27th Oct 2011 09:09
Smith&Nephew: Citi reiterates sell. Anglo American: Citi maintains at buy. Invensys: UBS raises to neutral-short term buy from neutral. Lowers target to 225p from 250p. Bellway: UBS keeps at buy, raises target price to 825p from 793p. Lloyds: Credit Suisse cuts target to 31p from 40p, keeps at
Read moreUPDATE: Tuesday broker round-up
4th Oct 2011 08:25
BHP Billiton: Citi reiterates buy and keeps target at 2,405p. BHP Billiton: Credit Suisse upgrades to outperform from neutral; cuts target to 2,800p from 3,160p. Anglo American: Credit Suisse downgrades to neutral from overperform. Lonmin: Credit Suisse downgrades to underweight from neutral. S
Read moreLondon close: Strong finish to bad month
31st Aug 2011 16:39
The top share index finished the worst month since the financial crisis broke out in late 2008 with strong gains as strong economic data in the US whetted investors' appetite for battered shares. The purchasing managers' index, which measures industrial sentiment for the Chicago area, came in ahead
Read moreLondon midday: Smith & Nephew leads rally
31st Aug 2011 12:01
Shares have built on their earlier gains, though the rally is unlikely to be enough to prevent the biggest monthly fall since the beginning of the financial crisis in 2008. Among today's big gainers is bid rumour-mongers' favourite Smith & Nephew. Latest talk has it that peer Stryker could be inter
Read moreFTSE 100 Movers: Reheated bid rumours boost Smith & Nephew
31st Aug 2011 10:44
Shares in replacement hip manufacturer Smith & Nephew moved sharply higher on Wednesday amid renewed talk of a bid for the company. Shares in the company were higher yesterday and rose again today bringing them back to the levels at which they sat ahead of the recent market decline. Morgan Stanle
Read moreBid talk boosts Smith & Nephew again
31st Aug 2011 10:33
Shares in replacement hip manufacturer Smith & Nephew moved sharply higher on Wednesday amid renewed talk of a bid for the company. Shares in the company were higher yesterday and added more than 7% today, bringing them back to the levels at which they sat ahead of the recent market decline. Accord
Read moreLondon open: Bwin, 888 lead the rise
31st Aug 2011 08:48
The Footsie edged higher in early trading on the back of a rally in New York last night after minutes from the last meeting of the Federal Reserve showed policymakers considered stimulus measures to kickstart the world's biggest economy. In London, online gaming firm bwin.party surged higher on the
Read moreSmith & Nephew sales rise but margins disappoint
5th Aug 2011 08:03
Medical devices firm Smith & Nephew reported higher revenues and profits in the quarter to 3 July, but said margins were "disappointing" due to higher sales of lower margin products and other factors. Revenue climbed to $1.077bn (£659m) from $959m over the same period the previous year, while opera
Read moreFTSE 100 movers: Man Group rises after impressive quarter
7th Jul 2011 15:30
Man Group is the high riser of the day, gaining over 3.5% in the afternoon, after reporting record sales in its first quarter. Funds under management at the hedge fund manager rose to $71bn at the end of June, from $69.1bn at the end of March, as the group racked up sales of $9.0bn to record a net
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