London 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
Read moreLondon open: MPC expected to be watching services PMI data
5th Mar 2013 08:09
London stocks have begun the day higher, boosted by the strong showing seen overnight on Wall Street - on the back of dovish comments from US Fed Vice-Chairman Janet Yellen - and ahead of potentially key data expected to be released today, in the United Kingdom. At 09:30 Markit will release its se
Read moreExposure to international growth markets lifts revenue at Serco
5th Mar 2013 08:08
Revenue rose 5.7 per cent to 4.9bn pounds in the year ended December 31st at FTSE 100-listed British outsourcing group Serco, underpinned by a strong performance in international markets. In its annual results, issued on Tuesday, the group reported an adjusted operating profit of £214.8m, up 8.5% f
Read moreWeek ahead: Stage set for service sector PMIs and BoE
1st Mar 2013 16:56
The coming week will see the economic data flow ease up, although there are plenty of potentially market-moving events to watch out for. Foremost amongst those will be the monthly US employment report on Friday. It comes as investors are watching to see if consumption holds up Stateside following th
Read moreWednesday broker round-up UPDATE
27th Feb 2013 08:11
: Panmure Gordon reduces target price from 2159p to 1742p and reiterates its hold recommendation. Antofagasta: JP Morgan cuts target price from 1485p to 1400p, while retaining its overweight rating. Barclays: Numis raises target price from 351p to 400p and upgrades to buy. BT Group: UBS moves tar
Read moreLondon close: FTSE ends higher after US Fed comments
22nd Feb 2013 16:56
Markets returned to positive territory on Friday, with investors making the most of cheaper prices one day after the biggest single session decline this year. The index ended seven points up on the week. The main reason for the day's advance was the endorsement given by the President of the US Fe
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