London pre-open: FTSE 100 expected to consolidate recent gains
28th Jun 2013 07:32
The FTSE 100 is expected to open flat to slightly higher on Friday morning as markets head into the final trading day of the second quarter. City sources predict the FTSE 100 will open up around six points from yesterday's close of 6,243. The index has delivered solid gains over the past three con
Read moreSerco reassures on profits as margins lower but sales higher - UPDATE
28th Jun 2013 07:01
Public services outsourcing group Serco has said that slightly lower profit margins and higher revenues will mean that full-year profits remain in line with expectations. The FTSE 100 company revealed that it is likely to report strong organic revenue growth ahead of expectations for the first half
Read moreSerco extends transport contracts in Hong Kong
7th Jun 2013 07:07
Public services outsourcing group Serco has won the contract to operate and maintain toll roads in Hong Kong as it looks to push further into the transport sector. Beginning in September, the contract is worth HK$960m (£79.3m) over a minimum six-year base period to manage, operate and maintain the
Read moreBroker tips: AstraZeneca, Serco, GKN
4th Jun 2013 11:03
Panmure Gordon has retained its 'hold' rating and 3,200p target price for biopharmaceuticals group AstraZeneca, saying that the news of the pull-out from fostamatinib should remind investors of the risks that the business carries. "Today's news of another phase III product opportunity slipping away
Read moreBroker snap: HSBC downgrades Serco, sees muted growth for outsourcers
4th Jun 2013 10:05
HSBC has retained its cautious view on UK public-sector outsourcers and has downgraded its rating for Serco from 'neutral' to 'underweight'. In a sector review, the broker said that the overall level of public-sector contract awards over the past six months has been "weak" and its analysis suggests
Read moreLondon open: Markets rebound as 'tapering' concerns ease
4th Jun 2013 09:10
Markets rebounded on Tuesday morning following a choppy session the day before as renewed hopes about US stimulus lifted sentiment early on. London's FTSE 100 lost 58 points yesterday, falling 0.9% to a one-month low of 6,525, after factory activity in both China and the US weakened in May. Manufac
Read moreTuesday broker round-up UPDATE
4th Jun 2013 07:25
Afren: Goldman Sachs shifts target price from 224p to 221p keeping a buy recommendation. Alent: Goldman Sachs initiates with a target price from 426p and a buy recommendation. Amerisur Resources: Goldman Sachs moves target price from 65p to 82p and stays with its neutral rating. Bahamas Petroleum
Read moreContract awards drive strong growth at Serco
15th May 2013 07:24
Serco, the British outsourcing giant, said that last year's record level of contract awards drove strong organic revenue growth in the first half and it remains on track to hit full-year targets. The company said that for 2013 it still expects a modest acceleration in the 3.3% organic growth seen i
Read moreMelrose director increases stake after positive update
9th May 2013 16:07
A round-up of the biggest director deals today so far Miles Templeman, Senior Non-Executive Director of Melrose Industries, the FTSE 100 industrial conglomerate, has added £152,400-worth of shares to his stake in the company one day after it reported revenue was one per cent ahead in the year-to-da
Read moreSpectris director buys 3,000 shares
25th Apr 2013 16:23
Martha Wyrsch, a Non-Executive Director of Spectris, the FTSE 250 instrumentation and controls company, has purchased her first set of shares in the company. Wyrsch, who took up the role in June last year, acquired 3,000 shares at 2,029.00p each for a total value of £60,870. The transaction was m
Read moreLondon midday: FTSE 100 pulls back from five-year highs
13th Mar 2013 11:33
Stocks pulled back from five-year highs on Wednesday morning as traders took profits after industrial production data from the Eurozone disappointed. So far this year, the FTSE 100 index has gained nearly 10% and was yesterday trading near levels not seen since late 2007. Weighing on markets this
Read moreFriday broker round-up UPDATE
8th Mar 2013 07:42
Advanced Computer Software Group: Canaccord Genuity raises target price from 80p to 108p and reiterates a buy recommendation. Aggreko: Jefferies raises target price from 2000p to 2200p keeping its buy recommendation. Cantor Fitzgerald takes target price from 2020p to 2200p and stays with its buy re
Read moreThursday broker round-up UPDATE
7th Mar 2013 07:25
Admiral: Nomura raises target price from 1350p to 1493p keeping a buy recommendation. African Barrick Gold: Nomura cuts target price from 435p to 200p and downgrades from neutral to reduce. Aggreko: Investec increases target price from 1750p to 1940p upgrading from hold to buy. Anglo American: No
Read moreWednesday broker round-up UPDATE
6th Mar 2013 07:03
Advanced Medical Solutions: Investec takes target price from 68p to 74p and maintains a buy recommendation. Aggreko: Citigroup reduces target price from 2550p to 2100p, while keeping a buy rating. Ashtead Group: Citigroup raises target price from 590p to 660p leaving its buy recommendation unalter
Read moreFTSE 100 movers: Serco in top spot
5th Mar 2013 14:20
British outsourcing group Serco was the strongest riser after revealing that full year revenue rose 5.7 per cent to 4.9bn pounds, underpinned by a strong performance in international markets. International energy services company Wood Group rose after it posted a 20% rise in revenue from continuin
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