FTSE 250 movers: SuperGroup dives as profits plunge
12th Dec 2012 15:53
Trendy fashion retailer SuperGroup was a heavy faller on the second-tier index after revealing a 31.5 per cent fall in first-half reported profit before tax (PBT). On an underlying basis though, PBT was up 13.1%. Rik Thakrar, the risk manager and senior dealer at Spread Co, said this morning: "Spr
Read moreLondon midday: Stocks pull into the blue
12th Dec 2012 11:33
The FTSE 100 had pulled into positive territory by Wednesday lunchtime, extending its recent winning streak into its sixth day, but the mood was cautious ahead of the conclusion of the Federal Reserve policy meeting later today. The Federal Open Market Committee (FOMC) meeting is widely expected to
Read moreLondon open: Stocks flat ahead of Fed meeting
12th Dec 2012 08:23
The Footsie opened flat on Wednesday morning after hitting a nine-month high the day before, with investors showing caution ahead of the conclusion of the Federal Reserve policy meeting later today. The blue-chip index closed yesterday's session at 5,925, following five days of straight gains. The
Read moreWednesday broker round-up UPDATE
12th Dec 2012 07:25
AMEC: Credit Suisse reduces target price from 1300p to 1250p reiterating an outperform rating. Anglo American: Barclays upgrades to equal-weight with a target price of 1970p. Ashtead Group: Barclays raises target price from 352p to 434p and reiterates an overweight rating. ASOS: HSBC raises targe
Read morePositive trading maintained at Senior
12th Dec 2012 07:16
Aerospace engineer Senior said positive trading reported in October has continued, with adjusted pre-tax profit in line with expectations in both October and November. In its aerospace division, which accounts for 64% of first half group sales, it said visibility for build rates on existing aircr
Read moreSector movers: Chemring lifts defence stocks
27th Nov 2012 14:00
A well-received trading update from Chemring pushed the aerospace and defence sector higher on Tuesday afternoon. Following a profit warning earlier this month, British defence-equipment maker Chemring said that trading remained in line with expectations at the end of the financial year (ended Octo
Read moreCobham plucks new CFO from fellow FTSE 250 group Senior
26th Nov 2012 08:28
Defence technology group Cobham has appointed a new Chief Financial Officer (CFO) in the form of Simon Nicholls, the current CFO of fellow FTSE 250 constituent Senior, which today announced Nicholls's departure in five months' time. Nicholls, who will join Cobham on May 1st, is replacing Warren Tu
Read moreTuesday broker round-up
6th Nov 2012 09:03
AB Foods: Jefferies keeps hold rating and 1,365p target; Panmure Gordon ups target from 1,300p to 1,450p, hold rating kept; Investec keeps hold rating and 1,300p target. Aviva: Panmure Gordon maintains buy rating and 425p target. Babcock: Jefferies keeps buy rating and 970p target; Seymour Pierce
Read moreMonday broker round-up
5th Nov 2012 08:19
Aggreko: Goldman Sachs cuts target from 3,692p to 3,460p, conviction buy rating kept. Asian Citrus: Seymour Pierce keeps buy rating and 50p target; BG Group: Nomura keeps buy rating and 1,600p target. BP: HSBC cuts target from 550p to 530p, overweight rating kept. Brewin Dophin: RBC Capital Mark
Read moreSenior buys US engineering firm
5th Nov 2012 07:41
Aerospace technology manufacturer Senior has bought Milwaukee based GAMFG Precision and its parent company GAMCO Acquisition for 45m dollars. GA makes engineered high-precision machined components and assemblies for the off-road land vehicle and aerospace markets. Its largest customer is Caterpilla
Read moreFriday broker round-up
26th Oct 2012 10:00
African Barrick Gold: Investec cuts target from 530p to 526p, hold rating kept. APR Energy: UBS cuts target from 600p to 530p, sell rating unchanged; Jefferies cuts target from 850p to 625p, hold rating kept. ASOS: Deutsche Bank downgrades to hold; Nomura ups target from 1,930p to 2,000p, neutral
Read moreTuesday tips round-up: Aggreko, HICL, Senior
23rd Oct 2012 06:47
Tempus wonders if the market's long love affair with the Aggreko growth story is coming to an end. The company, which provides temporary power supplies both to emerging economies and to one-off events, such as t the Olympic Games rattled the markets on Friday. It increased the provision for bad de
Read moreLondon midday: Stocks push into the blue on Eurozone news
22nd Oct 2012 11:48
-Japanese exports disappoint -Merkel says Irish bank debt is a 'special case' -Miners and banks provide a lift After an earlier fall into the red, London's FTSE 100 was making slight gains by Monday lunchtime as improving news-flow from the Eurozone helped to offset some disappointing economic data
Read moreLondon open: Stocks dented by Japanese export figures
22nd Oct 2012 08:42
- Japanese export data misses forecasts - US corporate earnings in focus - Aggreko extends losses US corporate earnings and some disappointing economic data from Japan were weighing on stocks in London on Monday morning. Japanese exports declined 10.3% last month, worse than the 5.8% decrease in A
Read moreMonday broker round-up - UPDATE
22nd Oct 2012 08:19
888 Holdings: Morgan Stanley ups target from 125p to 130p, overweight rating kept. Aggreko: Jefferies cuts target from 2,800p to 2,535p, buy rating kept; HSBC downgrades to underweight, target cut from 2,350p to 1,750p; JPMorgan Cazenove cuts target from 2,360p to 2,165p, neutral rating kept; Barcl
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