Tuesday tips round-up: Greene King, SThree, RPC...
1st Feb 2011 06:47
Investors raised a glass to Greene King yesterday after the pub and brewing company delivered bullish trading, boosted by tasty food sales. The operator of the Old English Inns also reinforced its focus on pub food by acquiring Cloverleaf Restaurants for £55.8m. Overall, Greene King has proved its
Read moreLondon close: FTSE 100 falls short despite recovery
31st Jan 2011 16:41
The FTSE 100 struggled all day to drag itself into the blue after an early slide, but remained slightly in negative territory at the close of trading. Travel companies were still friendless as investors fretted about civil unrest in the popular holiday destination of Egypt. Airline IAG, the former
Read moreFTSE 250 movers: Greene King higher after update
31st Jan 2011 15:24
Brewer and pub owner Greene King is topping the risers list after it saw healthy trading over the past eight weeks despite the poor weather with all of its divisions in-line or improving from the half-year. Financial services firm Matrix has kept its 'buy' rating on Greene King. SThree also report
Read moreLondon afternoon: Stocks back on an even keel
31st Jan 2011 14:46
Footsie is more or less back to square one after a lunchtime trading session which saw US oil giant Exxon announce better than expected fourth quarter figures. Travel companies are still friendless as investors fret about civil unrest in the popular holiday destination of Egypt. Airline IAG, the f
Read moreBroker tips: Carillion, Greene King, SThree
31st Jan 2011 12:54
An update from Carillion has provided Panmure Gordon with additional confidence in its earnings forecasts, after the contracting firm demonstrated positive contract momentum and made a start to the current year that gives cause for optimism. The construction and support services specialist announce
Read moreLondon midday: Rally falters as Egypt casts shadow
31st Jan 2011 12:17
The FTSE 100 has given up an attempt to haul itself into the blue and remains firmly in negative territory. The Egypt crisis is still casting a shadow, with the credit rating agency Moody's downgrade of the North African country adding to worries. Travel companies are bearing the brunt of the sell
Read moreBroker snap: SThree's rating downgraded
31st Jan 2011 10:51
After a strong run, SThree has been was hit with a downgrade by Peel Hunt despite 'in line' results and a positive 2011 outlook. The broker notes that all of the recruitment specialist's markets exited 2010 in growth. Furthermore, management has a confident outlook for the current year, with expect
Read moreLondon open: Egypt concerns unsettle blue chips
31st Jan 2011 08:54
Asian markets overnight were rattled by the weekend scenes of civil unrest in Egypt and this has put London's blue chips under pressure early on. Travel companies are bearing the brunt of the selling, Airline IAG, the former British Airways, TUI Travel and Intercontinental Hotels have all run into
Read moreEconomic recovery lifts SThree
31st Jan 2011 07:55
Profits bounced 20% higher last year at SThree with all of the recruitment specialist's markets growing so far in 2011. In the year to November, profits rose from £8.9m to £21.6m with an underlying improvement of 20%. Sales fell to £474m from £519m. "SThree delivered a strong result in 2010 in a m
Read moreLondon close: Lower finish after weak US jobs data
3rd Dec 2010 16:51
Footsie closed in the red after a sluggish day's trading, with the calm only briefly interrupted by jitters following weak US jobs data in the afternoon. Non-farm payrolls increased by 39,000 during the month, down from a revised increase of 172,000 in October and well short of expectations that ab
Read moreLondon afternoon: Footsie dives on US jobs data
3rd Dec 2010 14:30
Jobs growth slowed sharply in the US in November and unemployment unexpectedly rose, which was not the result the market had been hoping for. The data sent shares on this side of the pond into a dive, and pushed Footsie into the red. Non-farm payrolls increased by 39,000 during the month, down fro
Read moreLondon midday: Shares still sluggish ahead of US jobs figure
3rd Dec 2010 12:10
The strong gains of the past couple of days have given way to sluggishness as traders pause for breath and await US jobs data later in the afternoon. Non-farm payrolls in the world's biggest economy are due at lunchtime. In company news here, mining giant Rio Tinto is to be the junior partner in
Read moreLondon open: Lacklustre start ahead of US jobs
3rd Dec 2010 08:52
Footsie has drifted lower with the freezing temperatures and transport chaos keeping many City folk away from work. All eyes will be on the US non-farm payrolls report at lunchtime, but ahead of that data there has been some profit taking after the big gains of the previous two days. Mining giant
Read moreSThree profits to beat forecasts
3rd Dec 2010 07:33
Recruiter SThree expects profits this year to come in slightly ahead of market forecasts with all areas of its business now improving. Group gross profit to November will be about £167m, down 2% year on year (2009: £171.1m). Permanent placement gross profit is up 15% year on year for the full year
Read moreLondon close: Sluggish Footsie limps higher
10th Sep 2010 16:38
Modest gains on Wall Street failed to spur London into action and the leading share index closed just a few points higher. US shares were boosted by economic figures showing wholesale inventories jumped by 1.3% in July, ahead of estimates, and sales at distributors rose by 0.6%. Among companies he
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