MARKET TALK: S&P Equity Research Cuts Smith & Nephew Target
23rd Jul 2010 15:39
1439 GMT [Dow Jones] S&P Equity Research cuts Smith & Nephew (SN.LN) price target to 530p from 600p ahead of the company's 2Q results. Says S&N's sanguine outlook for '10 will be increasingly challenged, following slowing orthopedic sales in its US counterparts in 2Q'10. Says continuing pricing pres
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
23rd Jul 2010 15:39
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1439 GMT [Dow Jones] S&P Equity Research cuts Smith & Nephew (SN.LN) price target to 530p from 600p ahead of the company's
Read moreUS HOT STOCKS: Netflix, Ebay, Qualcomm Active In Late Trading
21st Jul 2010 22:25
U.S. stocks traded lower Wednesday as the Dow Jones Industrial Average lost 1.1% to 10121, the S&P 500 slid 1.3% to 1070 and the Nasdaq Composite fell 1.6% to 2187. Among the companies whose shares are actively trading in the after-hours session are Netflix Inc. (NFLX), eBay Inc. (EBAY) and Qualcomm
Read moreADR REPORT: Shares Close Lower On Macroeconomic Concerns
21st Jul 2010 22:10
By Emily Glazer Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York closed lower Wednesday as investors' worries about the economic outlook following comments from U.S. Federal Reserve Chairman Ben Bernanke overshadowed better-than-expected earnings from
Read moreMedical-Device Stocks Fall On Pricing, Market Growth Worries
21st Jul 2010 19:11
By Jon Kamp Of DOW JONES NEWSWIRES Shares of medical-device makers fell Wednesday after some of the sector's heavy hitters signaled ongoing struggles in top markets for orthopedic and heart devices, which face growth challenges and a persistent threat to product prices. Second-quarter re
Read moreUS HOT STOCKS: Stryker, Textron, United Rentals, US Airways -3-
21st Jul 2010 18:28
Ralcorp Holdings Inc. (RAH, $56.40, +$0.98, +1.77%) said it plans to offer $450 million in notes to finance its planned $1.2 billion American Italian Pasta Co. (AIPC, $52.98, +$0.02, +0.04%) acquisition. RC2 Corp. (RCRC, $16.42, +$1.33, +8.81%), which makes toys and infant-care products, posted
Read moreLondon close: Good gains for FTSE 100
21st Jul 2010 17:04
Footsie's advance was pared slightly at the close of trading but shares still finished with strong gains. Mining stocks led the advance as copper inventories continue to contract, with Kazakhmys, Antofagasta, Vedanta and Xstrata at the head of the pack. Sticking with the resource sector, mining a
Read moreMARKET TALK: Orthopedic Sector Slumps As Clouds Darken
21st Jul 2010 16:21
11:21 (Dow Jones) Orthopedics sector is having a rough day after 2Q reports from Stryker (SYK) and Johnson & Johnson (JNJ) indicated recovery in market for replacement joints, which was hurt by deferred procedures during recession, may be hitting fresh speed bumps. SYK off 7.7% to $47.36. Among comp
Read moreFTSE 100 movers: Footsie rises on the back of strong miners
21st Jul 2010 15:54
Mining stocks lead the surge in the Footsie as copper inventories continue to decline. Antofagasta has closed its deal to acquire 40% of Duluth Metals' Nokomis copper-nickel-platinum group metal deposit in north eastern Minnesota, US. Antofagasta has to fund $130m of spending over three years. K
Read moreLondon afternoon: Three-digit gain for Footsie
21st Jul 2010 14:10
Footsie's gain burst through the triple digit barrier over the lunchtime session, helped by expectations of a solid start by Wall Street. Mining stocks lead the advance as copper inventories continue to contract, with Kazakhmys, Antofagasta, Vedanta and Xstrata at the head of the pack. Sticking
Read moreLondon midday: Glaxo sales in line
21st Jul 2010 12:05
Equities ended the morning session in consolidation mode, holding on to the gains racked up in the first two hours of trading, when traders were enthused by the Reckitt Benckiser bid for SSL and forecast busting results overnight from Apple. Reckitt will pay SSL shareholders 1,163p per share with a
Read moreCitigroup Placing 8M Smith & Nephew Shares At 559p - Traders
21st Jul 2010 10:07
By Andrea Tryphonides Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Citigroup Inc. (C) began placing 8 million shares in medical devices developer Smith & Nephew PLC (SN.LN) Wednesday, according to several London-based traders. Traders said the placing is being conducted at a price of 559 p
Read moreLondon open: Bids spur Footsie higher
21st Jul 2010 08:53
Buyers are scrambling to find anything with the slightest chance of being bid for after Reckitt Benckiser snapped up SSL this morning for £2.5bn. Footsie is up by nearly 80 points so far with only Lonmin and Smith & Nephew in red numbers. Reckitt's bid for SSL is a deal that had been rumoured for
Read moreLondon close: Footsie rises again after strong week
9th Jul 2010 17:07
Footsie finished a very good week on the up again, helped by gains for the miners, life groups and Smith & Nephew. Antofagasta was the stand-out stock in the mining sector after Goldman Sachs issued a "buy" recommendation. Goldman Sach also advocates buying Anglo American ahead of an expected adv
Read moreMARKET TALK: Investec Cuts Smith & Nephew Price Target
6th Jul 2010 12:42
1142 GMT [Dow Jones] Investec Securities cuts Smith & Nephew (SN.LN) price target to 630p from 757p. Investec lowers the PER it uses to value the shares to 13x from 15x, to reflect changing market conditions. It notes recent downgrades, combined with weak market conditions have led to Smith & Nephew
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