Serco completes disposal of division to AMEC
29th Jun 2012 07:09
International outsourcing firm Serco has completed the disposal of its Technical Services business to engineering giant AMEC for a total of 137m pounds. Serco said it saw limited future revenue growth for TS in a highly competitive market, "where future growth is likely to be more orientated toward
Read moreKofax director earns over a million shares
28th Jun 2012 16:22
William Comfort, a Non-Executive Director of Kofax, a provider of capture driven process automation solutions, has received over a million shares in the company in exchange for the redemption of his interest in Conversion Capital Master. Comfort received a consideration of just over 1.1m shares, va
Read moreWednesday broker round-up
27th Jun 2012 09:20
Alliance Pharma: Investec downgrades from buy to hold, target slashed from 34p to 25p. APR Energy: Credit Suisse keeps outperform rating and 1,300p target. Aviva: Jefferies downgrades from buy to hold, target cut from 386p to 281p. Avanti Comms: Jefferies retains buy rating and 600p target. Brit
Read moreLondon open: Stocks edge higher ahead of EU summit
27th Jun 2012 08:24
- Caution ahead of the EU summit - Merkel still against eurobonds - Chinese stimulus speculation does the rounds Stocks rose moderately on Wednesday morning though the mood was still cautious with the focus on the upcoming EU summit in Brussels. "With European equity markets having been confined t
Read moreFTSE 100 movers: Shire jumps into top spot on upgrades
26th Jun 2012 15:28
Shire leapt into the top spot, rebounding after a heavy sell-off the day before on the back of generic competition issues surrounding its ADHD drug, Adderall XR. The firm was given a lift by Panmure Gordon, Berenberg and Societe Generale, who all upgraded their ratings on the stock. Speciality che
Read moreLondon midday: Stocks flat on mixed Eurozone news
26th Jun 2012 11:33
- German consumer sentiment improves - Cyprus asks for a bailout - Perhipery bond auctions see yields rise London's Footsie swung between gains and losses on Tuesday morning on the back of mixed news from the Eurozone. Investors are likely to remain cautious ahead of the crucial EU summit on June 2
Read moreLondon open: Stocks rise after German GfK report
26th Jun 2012 08:37
- German consumer sentiment expected to improve - Cyprus asks for bailout - Moody's downgrades 28 Spanish banks London blue chips advanced in early trading on Tuesday as an unexpected rise in German consumer sentiment outweighed concerns over Cyprus and Spain. Also helping the mood this morning wa
Read moreLondon pre-open: Small rise expected in early trading
26th Jun 2012 07:37
City sources predict the FTSE 100 will open up 12 points from yesterday's close of 5,451 after Monday's declines, which saw the index drop 63 points on the back of comments made by German Chancellor Angela Merkel, who underlined her opposition to the issuing of common euro area bonds. Internationa
Read moreSerco hit by US squeeze
26th Jun 2012 07:05
International outsourcing firm Serco said it was on track for 2012 but expects revenues in the first half to take a hit from tough conditions in America. In a statement ahead of the firm's half year end, Serco said it expected strong total revenue growth in 2012, including good organic growth. But
Read moreTuesday tips round-up: Severfield-Rowen, Serco, Lancashire Holdings
12th Jun 2012 06:55
The Telegraph's Questor column stays steer clear of structural steel firm Severfield-Rowen. It issued a profits warning yesterday, prompting a big sell-off. This has an attraction for investors because buying on weakness often leads to profits. But Questor believes the construction industry is too w
Read moreMonday broker round-up
11th Jun 2012 09:37
Antofagasta: RBS Capital Markets downgrades to underperform. Ashtead: Jefferies keeps buy recommendation and 300p target. Barclays: Bank of America Merrill Lynch keeps buy rating and 370p target; Oriel Securities reiterates buy recommendation and 285p target. BP: Nomura retains neutral stance and
Read moreLondon open: Banks surge after Spanish request for aid
11th Jun 2012 08:33
- Spain asks for 100bn euros in aid - Chinese trade data beats expectations - Increased risk benefits banks and miners The weekend's bailout deal for Spain fuelled a surge in London's blue chips on Monday morning, as concerns over the country's troubled financial sector eased. Spain, the fourth E
Read moreLondon pre-open: Stocks to leap on Spain bailout news
11th Jun 2012 07:36
City sources predict the FTSE 100 will open up 89 points from Friday's close of 5,435, boosted by the news that debt-laiden economy Spain has secured itself a 100bn euro rescue deal for its troubled banks. The package was authorised by the EU over the weekend. Supermarket giant Tesco was putting
Read moreSerco buys Vertex public sector arm
11th Jun 2012 07:05
Serco Group, the international services company, has increased its public sector exposure with the purchase of Vertex Public Sector Ltd for 55.5 million pounds. The company said the move would support expansion into new areas of middle and back office support and add further scale to its recently c
Read moreThursday broker round-up
31st May 2012 09:26
Aviva: Nomura cuts target from 600p to 540p, buy rating unchanged. Babcock: Panmure Gordon downgrades from buy to hold, target left at 940p. BG Group: Jefferies reiterates buy stance and 2,000p target. BHP Billiton: Credit Suisse maintains outperform rating and 2,460p target. BT Group: Nomura ke
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