London open: Markets flat as miners fall after poor data from Asia
10th Mar 2014 08:17
- China registers surprise trade deficit, CPI eases - Japan GDP revised lower - Mining stocks limit upside for FTSE - Mondi upgraded to 'buy' by Citigroup techMARK 2,863.34 +0.12% FTSE 100 6,716.76 +0.06% FTSE 250 16,578.93 +0.12% UK markets opened broadly flat on Monday morning after a surprise t
Read moreLondon pre-open: Poor data out from Asia to push FTSE lower
10th Mar 2014 07:16
- Asia stocks slump as Japanese, Chinese disappoint - BCC ups economic growth forecasts UK stocks will start the day in the red, dragged lower by the performance in Asia overnight, hit by both Chinese and Japanese data. City sources predict the FTSE 100 will open 21 points lower than Friday's clo
Read moreSenior to buy Malaysia's UPECA
10th Mar 2014 07:06
Manufacturing group Senior confirmed that it has entered into an agreement to buy Malaysian based UPECA Technologies for 75.5m pounds in cash. The acquisition of UPECA Technologies, which provides manufacturing services for high precision metal machining, is expected to complete towards the end of
Read moreWednesday broker round-up UPDATE
5th Mar 2014 10:02
Abcam: Investec reduces target price from 552p to 480p and reiterates its buy recommendation. Numis upgrades from hold to buy with a target price 510p. Advanced Medical Solutions: Canaccord Genuity shifts target price from 94p to 101p and keeps a hold recommendation. African Barrick Gold: Nomura r
Read moreTuesday tips round-up: Intertek, Keller, Senior
4th Mar 2014 07:12
Intertek Group, the provider of testing services, on Monday gave investors reasons for cheer. It still sees considerable opportunities in China, one of the long-term drivers for the business. Margins should also improve this year. Thus, cuts in capital expenditures by big oil firms are now being mat
Read moreMonday broker round-up UPDATE
3rd Mar 2014 08:21
African Barrick Gold: Citi increases target price from 120p to 179p, but still recommends selling. African Minerals: Citi cuts target price from 300p to 260p leaving its buy recommendation unchanged. Aggreko: Deutsche Bank reduces target price from 1870p to 1400p and downgrades to hold. Anglo Ame
Read moreSenior beats profit forecasts, but FX a concern in 2014
3rd Mar 2014 07:28
- Revenues up six per cent, adjusted profits rise eight per cent - Net debt below forecasts, total divi up 10 per cent - FX a headwind in 2014 Manufacturing group Senior beat forecasts with its annual profits for last year and gave a strong outlook for 2014, but warned of 'uncertainty' with regards
Read moreSector movers: Rolls-Royce profit warning hits defence stocks
13th Feb 2014 16:27
Aerospace and defence stocks were hammered on Thursday by a profit warning from sector heavyweight Rolls-Royce, after the company said that cuts in government defence spending would keep a lid on profits this year. The world's second-largest maker of aircraft engines revealed an estimated 15-20% dr
Read moreMonday broker round-up UPDATE
13th Jan 2014 09:04
Admiral Group: Citi ups target price from 1220p to 1256p and reiterates a neutral rating. Afren: Nomura increases target price from 170p to 210p and stays with its neutral rating. Alternative Networks: Westhouse Securities increases target price from 445p to 540p reiterating its add rating. Amlin
Read moreSector movers: Defence stocks gain after US budget
11th Dec 2013 15:45
Aerospace and defence stocks were on the rise on Wednesday after a budget deal in Washington removed some uncertainty in the sector, which is heavily dependent on state funding in the States. Chief Congressional negotiators Senator Patty Murray and Representative Paul Ryan last night worked out a d
Read moreTuesday broker round-up UPDATE
3rd Dec 2013 09:10
Arrow Global: Numis starts with a target price of 270p and an add rating. Antofagasta: UBS shaves target price from 870p to 845p, 'neutral' rating maintained. Aquarius Platinum: UBS cuts target price from 44p to 43p, 'neutral' rating kept. Ashtead Group: Citi raises target price from 750p to 800p
Read moreSenior buys Thermal Engineering
2nd Dec 2013 07:05
Aerospace manufacturer Senior has bought Thermal Engineering Holding for 28.3m pounds. Senior has bought Thermal, which supplies global jet engine and airframe manufacturers and their major suppliers, from Privet Capital and other shareholders. Hertfordshire-based Thermal specialises in making hot
Read moreAlent non-exec rapidly grows holding with three share purchases
21st Nov 2013 16:22
Lars Forberg, a Non-Executive Director of Alent, this week topped up his stake in the company with three rounds of share purchases. The group, which supplies consumable specialty chemicals and engineered materials, reported that Forberg bought 49,000 shares at 311p for £152,390 on November 18th, fo
Read moreSector movers: Aero/defence hit by US concerns after Ultra Electronics update
15th Nov 2013 15:42
Aerospace and defence stocks were being sold off on Friday after Ultra Electronics became the latest company in the sector to be hit by concerns over government funding in the States. The defence, transport and energy products company said that due to a "number of headwinds, mainly in the US govern
Read moreWorking capital tight at Elitheni Coal, says Strategic Natural Resources
28th Oct 2013 13:21
Shares in Strategic Natural Resources (SNR) plunged after the South African miner said working capital at its subsidiary Elitheni Coal remains "very tight". The group is in talks with a number of coal mining parties in South Africa for a short-term capital injection into Elitheni by way of debt. S
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