London close: Footsie at five-week low ahead of ECB decision
5th Sep 2012 16:17
- FTSE 100 closes at lowest level since late July - Eurozone newsflow mixed ahead of ECB meeting - Global slowdown fears weigh on sentiment Mixed remarks from Eurozone officials prompted a volatile day of trade on London's stock market on Wednesday as eyes remain fixed on tomorrow's policy rate dec
Read moreLondon midday: Markets nervous ahead of ECB decision
5th Sep 2012 11:38
- All eyes on ECB meeting - Concerns about China, Japan and Australia weigh on sentiment - Britvic in merger talks with AG Barr The FTSE 100 was well off its intraday low by Wednesday lunchtime but still firmly in the red as investors continued to fret about the upcoming policy decision in Europe t
Read moreLondon open: BP and ex-div stocks provide a drag early on
5th Sep 2012 08:34
- ECB meeting eyed - Australian, Chinese data disappoints - BP, ex-div stocks weigh on Footsie Following a 1.5 per cent fall for the Footsie the day before, UK stocks opened lower once again on Wednesday morning with investors likely to remain cautious ahead of tomorrow's eagerly anticipated Europe
Read moreThursday tips round-up: Serco and Ophir Energy
30th Aug 2012 07:04
The Questor column in The Telegraph may have labelled outsourcing group Serco a 'hold', but has highlighted that while yesterday's first-half numbers were mixed, the underlying message was generally positive for the medium term. The firm's numbers are starting to show evidence of outsourcing opport
Read moreLondon close: Markets nervous ahead of Jackson Hole
29th Aug 2012 16:39
- Stocks look to Jackson Hole summit for a boost - Draghi hints at action ahead of ECB meeting - Glencore leads fallers on growing opposition to merger Global stock markets were mostly trading in the red on Wednesday afternoon in spite an upwards revision to US economic growth as investors showed c
Read moreSerco relishing public sector cuts
29th Aug 2012 15:59
To some firms government cuts spell disaster as austerity drives slash services that are deemed unnecessary or too expensive, but if you're in the business of supplying something for less than it currently costs, then these cuts can mean a bonanza. This is very much the case for Serco. Its managem
Read moreFTSE 100 movers: Ex-divi stocks weigh on index
29th Aug 2012 14:48
Ex-dividend stocks were providing a drag today, including heavyweights Croda International, Glencore, Legal and General and Xstrata. Glencore and Xstrata were also being pressured lower by reports that Xstrata shareholder Norges Bank Investment Management has raised its stake in the miner in the l
Read moreLondon midday: Markets look to Jackson Hole for boost
29th Aug 2012 11:37
- Greece agrees on budget plan - Spain a concern as Catalonia in need of aid - Markets look ahead to Jackson Hole meeting The Footsie remained firmly in the red in morning trade as concerns over the Eurozone and speculation about the upcoming Jackson Hole meeting in Wyoming continue to be the focus
Read moreLondon open: Glencore leads fallers early on
29th Aug 2012 08:25
- Spain a concern as Catalonia needs aid - Markets await Bernanke - Ex-div Glencore a heavy faller early on Ex-div stocks and miners were weighing heavily on the FTSE 100 index in early trading on Wednesday morning with worries about Spain weighing on sentiment. It was revealed yesterday that the
Read moreLondon pre-open: Slight declines expected on FTSE
29th Aug 2012 07:34
City sources predict the FTSE 100 will open down six points from yesterday's close of 5,776, as hopes of further stimulus action from central banks offsets worries over global growth. Tuesday proved to be a subdued first day back after the bank holiday weekend, as investors await market direction.
Read moreSerco hit by tough markets in first half
29th Aug 2012 07:04
Outsourcing group Serco was hit by tough markets and reorganising costs in the first half but said it expected a strong showing in the second. Revenue was up 4.3% to £2.3bn, with adjusted pre-tax profit down 17.4% to £102.1m. Organic revenue, which strips out acquisitions and currency effects, dro
Read moreWednesday preview: Antofagasta, Serco, 888, Paddy Power
28th Aug 2012 16:25
Chilean copper miner Antofagasta must have been thanking its lucky starts it operates in South America rather than South Africa, given the trials and tribulations the likes of sector peers Lonmin and Aquarius Platinum have been suffering lately. The group already updated the market at the beginning
Read moreBroker tips: StanChart, Serco, AstraZeneca
8th Aug 2012 12:46
Credit Suisse has retained its cautious stance on under-fire lender Standard Chartered on the back of its struggles with US regulators in regards to its alleged dealings with the Iranian government. StanChart trades at 1.3 times full-year tangible net asset value for a 14-15% return on tangible equ
Read moreBroker snap: UBS downgrades Serco to 'neutral'
8th Aug 2012 12:42
UBS has downgraded its rating for Serco from 'buy' to 'neutral' following a strong run in the shares of the international outsourcing group. The broker said that it remains upbeat about the UK/Europe and Global Services businesses but uncertainty in the US is likely to remain in the short term. "S
Read moreWednesday broker round-up
8th Aug 2012 09:57
AstraZeneca: Jefferies raises target from 2,975p to 3,100p, hold rating kept. Avon Rubber: Investec reiterates hold rating and 315p target. BTG: Jefferies maintains hold rating and 410p target. Cobham: Jefferies reiterates buy recommendation and 230p target; Investec keeps sell rating and 200p ta
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