FTSE 100 movers: Serco rises on target price shift
22nd Feb 2013 14:28
Serco Group was a strong riser after Citigroup shifted its target price from 670p to 680p reiterating a buy recommendation. The sale of Russian billionaire Mikhail Prokhorov's holding in Polyus Gold, a London-listed miner, has prompted speculation of a merger between Polyus and fellow miner Polyme
Read moreLondon midday: Gains intensify on the back of German data
22nd Feb 2013 12:11
The London market is holding higher, bouncing back strongly from Thursday's losses although miners have surrendered the lead to the likes of Melrose Industries and Serco. The main reason for the advance continues to be the endorsement given by the President of the US Federal Reserve bank of St.Loui
Read moreFriday broker round-up UPDATE
22nd Feb 2013 07:12
Antofagasta: RBC upgrades from underperform to outperform. Ashmore Group: Citigroup raises target price from 330p to 355p upgrading to neutral. JP Morgan ups target price from 361p to 413p and maintains a neutral rating. Babcock International: Citigroup revises target price from 965p to 1185p and
Read moreSerco makes exceptional gain of 51m pounds from DMS Maritime valuation
20th Feb 2013 09:07
Serco Group, the FTSE 100 international services company, said Wednesday that the required valuations for its recent purchase of DMS Maritime have been completed and are expected to result in a non-cash exceptional gain of 51m pounds. This gain will appear in the company's 2012 results. The overa
Read moreLondon close: Markets start 2013 in bullish mood
3rd Jan 2013 17:03
- Footsie jumps 150 points in two days - Markets react to mixed economic data - UK 10-year bond yields above two per cent London's blue-chip index was able to build on Wednesday's massive surge today in the aftermath of the fiscal cliff deal Stateside on New Year's Day. Market analyst Michael Hews
Read moreFTSE 100 movers: Serco makes strong gains after upgrade
3rd Jan 2013 15:22
Serco Group became a higher riser after the outsourcing company was upgraded by Espirito Santo. Compass Group, the contract caterer, was downgraded by the same broker, prompting shares to fall. Building materials group CRH fell after announcing that full-year development activity in 2012 totalle
Read moreLondon midday: Markets cautious in fiscal deal aftermath
3rd Jan 2013 11:27
- Markets subdued after yesterday's 2.2 per cent jump - Concerns over US economy weigh on sentiment - Next cheers investors with festive update The FTSE 100 was broadly flat by Thursday lunchtime as stocks held on to yesterday's impressive 2.2 per cent surge on the back of the US fiscal cliff deal
Read moreLondon open: Stocks flat after impressive rise
3rd Jan 2013 08:16
UK stocks were registering only slight losses on Thursday morning as markets managed to hold on to yesterday's impressive gains following the New-Year's-Day agreement to avert the fiscal cliff in the US. Providing some support early on was the China non-manufacturing purchasing managers' index whic
Read moreLondon close: Stocks finish flat on US budget uncertainty
20th Dec 2012 16:52
The FTSE 100 index finished broadly flat on Thursday afternoon, taking a pause of two days of decent gains, with the focus remaining on the US 'fiscal cliff' ahead of the Christmas holiday. Even a positive surprise in US gross domestic product (GDP) failed to give markets a boost. The American econ
Read moreFTSE 100 movers: Carnival drops after full-year revenue decline
20th Dec 2012 15:25
Carnival , the largest cruise company in the world, reported a fall in full-year revenues after what it called its most challenging year ever. Shares dropped nearly 6% on Thursday afternoon after the company reported that revenue came in at $15.4bn, down from $15.8bn previously. Leading the risers
Read moreBroker tips: Vodafone, Serco, Weir
20th Dec 2012 12:09
Nomura has kept its 'neutral' rating for telecoms group Vodafone, saying that the higher-than-expected costs from last week's Dutch spectrum auction raise more questions of the company's 'inflated' dividend. "Paying an inflated ordinary dividend has been discredited as a way to reward shareholders,
Read moreLondon midday: Stocks pause on 'fiscal cliff' concerns
20th Dec 2012 11:54
UK stocks traded broadly sideways on Thursday morning with 'fiscal cliff' uncertainty dashing hopes that a deal between US politicians can be struck before Christmas. Trade was cautious in London this morning with just 14 points separating the Footsie's intraday low and high. Stocks finished sligh
Read moreBroker snap: Serco's in a strong position, says Seymour Pierce
20th Dec 2012 10:11
Seymour Pierce has reiterated its 'buy' recommendation and 700p target price for outsourcing giant Serco following the firm's pre-close trading statement on Thursday. Serco said that it is on track to meet full-year estimates and is expecting "to deliver another year of strong revenue growth, inclu
Read moreLondon open: Stocks flat on 'fiscal cliff' uncertainty
20th Dec 2012 08:33
The FTSE 100 was trading little changed on Thursday morning, taking a pause after coming close to its 52-week high the day before, with US 'fiscal cliff' concerns acting as a drag on sentiment. "In scenes reminiscent of the debt ceiling debacle of 2011 US markets slid back last night as the impasse
Read moreLondon pre-open: Stocks to pull back on 'fiscal cliff' concerns
20th Dec 2012 07:28
Stocks are expected to pull back slightly on Thursday morning following two days of decent gains with concerns resurfacing over the US 'fiscal cliff' after the White House vetoed the Republicans' 'Plan B'. City sources predict the FTSE 100 will open down 13 points from yesterday's close of 5,962.
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