London open: Footsie slides lower
29th Jun 2010 08:56
London has followed US and Asian markets lower with only AstraZeneca in the blue at present. It was suggested as a possible takeover company for a US company by Standard & Poor's, along with BAE Systems and Balfour Beatty. US companies clearly are interested in UK assets judging from Emerson's 375
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
29th Jun 2010 08:00
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0700 GMT [Dow Jones] Serco Group's (SRP.LN) trading update confirms guidance for margins and revenues for the full year to De
Read moreMARKET TALK: Serco Group's Update Confirms Guidance - Shore
29th Jun 2010 08:00
0700 GMT [Dow Jones] Serco Group's (SRP.LN) trading update confirms guidance for margins and revenues for the full year to December, says Shore Capital. However, says the details of the new corporate reporting structure, reflects the strong operational progress made in the past couple of years. Adds
Read moreLondon pre-open: Weak start expected
29th Jun 2010 07:46
London is set to follow US and Asian markets lower, with traders predicting the Footsie blue-chip index will open around 57 points lower at 5,115. Outsourcing specialist Serco remains on course to meet guidance given in May, although it gave no clue as to the possible impact of spending cuts announ
Read moreMARKET TALK: Serco Trading Update Positive; Company On Track
29th Jun 2010 07:34
0634 GMT [Dow Jones] Serco Group's (SRP.LN) pre-close trading update is positive, according to an analyst, confirming a good first-half and that the company is on track to deliver guidance for this year. The outlook statement looks confident too, and the analyst also notes the substantial order bo
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
29th Jun 2010 07:34
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0634 GMT [Dow Jones] Serco Group's (SRP.LN) pre-close trading update is positive, according to an analyst, confirming a goo
Read moreSerco keeps guidance intact
29th Jun 2010 07:07
Outsourcing specialist Serco remains on track to meet guidance given in May, although it gave no clue as to the possible impact of spending cuts announced in last week's Budget. "We remain on track to deliver our financial guidance for 2010, which is for continued strong organic revenue growth and
Read moreTuesday preview: Arriva, National Express, Serco
28th Jun 2010 14:43
Bus and train groups Arriva and National Express both issue trading updates on Tuesday, just days after transport minister Norman Baker attacked the companies and other members (FirstGroup, Stagecoach and Go Ahead) of the 'big five' transport groups for taking passengers for a ride. According to a
Read more3-day Strike Called Off On London's DLR Metro System
22nd Jun 2010 17:28
LONDON (Dow Jones)--Planned industrial action on London's Docklands Light Railway has been suspended following mediation, the operator said Tuesday. Serco Docklands said strike action proposed for Wednesday-Friday this week has been called off and all services will run as normal. A strike ca
Read moreLondon close: Winning streak comes to an end
18th Jun 2010 16:44
Hopes of Footsie making it eight days of rises in a row were dashed at the death. Leaders outnumbered laggards among FTSE 100 stocks but with BP giving up the gains of the morning after a downgrade from debt ratings agency Moody's the blue-chip index ended marginally easier on the day. BP, for once
Read moreLondon afternoon: Tesco hit by director pay rumblings
18th Jun 2010 14:29
Hopes of Footsie making it eight days of gains in a row were revived over the lunch-time session as the blue-chip index moved back into positive territory. Mining stocks are having a major say in Footsie's direction, with precious metals miners Fresnillo and Randgold to the fore. BP is higher desp
Read moreLondon midday: Footsie gives back early gains
18th Jun 2010 12:04
Footsie has now dipped into the red as the early rally by the miners faded away, though BP continues to recover. News that the net cash requirement for the public sector came in at £11.96bn, against expectations of £20.25bn has had little benefit. The accruals-based measure of public sector net bor
Read moreMARKET TALK: UBS Cuts Serco To Neutral, Capita To Sell
18th Jun 2010 09:15
0815 GMT [Dow Jones] UBS downgrades Serco Group (SRP.LN) to neutral from buy and cuts Capita Group (CPI.LN) to sell from neutral in the bank's latest review of the support services sector. The brokerage sees few imminent contract awards and is wary of the lack of visibility, lengthy bid cycles, pric
Read moreLondon open: More gains for Footsie
18th Jun 2010 08:50
London's blue chips have risen for the past seven days and started higher again this morning. BP is higher despite the eight-hour verbal assault for chief executive Tony Hayward from US politicians yesterday. Hayward was up in front of a US Congressional Committee to explain how the Gulf of Mexico
Read moreMARKET TALK: Budget Could Stall Mid/Small Cap Outperformance
16th Jun 2010 10:56
0956 GMT [Dow Jones] Next week's UK budget could mark the end of the outperformance of mid and small-cap stocks, due to their generally higher exposure to government contracts, says Deutsche Bank. Suggests the IT services sector, newspapers, defense stocks and housebuilders could continue to struggl
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