Friday tips round-up: Premier Farnell, Savills
18th Mar 2011 06:06
Premier Farnell offers strong growth, an exposure to the global market wherever that may be going and further margin enhancement. The shares sell on 13 times this year's earnings, which historically is reasonable for Premier. A strong hold; taking a long-term view, a buy says the Times. Upmarket pr
Read moreLondon close: Strong end to a strong day
17th Mar 2011 16:49
London's blue chips were strong all day and boosted late on by a strong start in the US where the Dow notched up a triple-digit gain in quick time. For once, investors overlooked the ongoing bad news on the Japanese earthquake and turmoil in the Arab world to hunt out a few bargains. Heritage Oi
Read moreFTSE 250 movers: Heritage Oil rises on rejected offer
17th Mar 2011 15:26
Heritage Oil is wanted after reports in the FT indicated the company has rejected an informal offer of 425p per share from an Abu Dhabi based investor. "This would represent a 47% premium to yesterday's close and a 25% premium to our current target price of 341p," said resources specialist Westhou
Read moreLondon afternoon: Shares kick on as US opens higher
17th Mar 2011 13:57
Share prices kicked on over the lunchtime session, boosted by a firm start on Wall Street, where the Dow has notched up a triple-digit gain in quick time. Though the focus remains on the aftermath of the Japanese earthquake and any response to the turbulence it has caused in the financial markets
Read moreLondon midday: Stocks add more gains
17th Mar 2011 12:17
The FTSE 100 has advanced further following a good start, even as the overseas worries that have been hitting shares continue. The yen rose to a record high against the dollar on Wednesday in intense trade as investors become increasingly worried about Japan's nuclear crisis. The Foreign Office is
Read moreLondon open: FTSE 100 edges higher
17th Mar 2011 08:29
Shares are making modest gains as investors pause for breath following heavy losses lately amid unsettling developments in Japan and the Arab World. There were more losses in Tokyo as worries over radiation from the damaged Fukushima Daiichi reactors. Miners are going strong, with Xstrata leading t
Read moreLondon pre-open: Footsie to retake 5,600
17th Mar 2011 07:40
Blue chips are expected to edge high in early trade despite a 1.4% slide in Tokyo. Futures prices indicate an 18-point gain for the FTSE 100 first thing, regaining the 5,600 level. Legal & General is confident, despite a drop in full-year operating profit, as sales rose 28% and the government's de
Read moreSavills unveils new divi policy as profits boom
17th Mar 2011 07:21
Global property markets are bouncing back strongly judging by the results from international estate agent Savills, with Asia Pacific putting in an especially strong performance. Group revenue for 2010 was up 21%, or 19% in constant currency (cc) terms to £677.0m from £560.7m in 2009. Underlying pr
Read moreLondon close: FTSE 100 slips back
8th Nov 2010 16:43
Shares were on balance slightly lower as trading closed, with investors continuing to pause for breath following the strong gains seen last week on the back of the renewal of quantitative easing in the US. Rolls-Royce was a late riser after the aero-engineer said it was making progress n its invest
Read moreLondon afternoon: Investors cautious ahead of G20 meeting
8th Nov 2010 13:47
The Footsie drifted lower over the lunchtime session, hitting a new low for the day, as the afterglow of the Fed's quantitative easing boost begins to fade. There was also an element of caution ahead of this week's Group of 20 meeting in South Korea. It's been an unusually busy Monday for company r
Read moreLondon midday: Footsie drifts lower
8th Nov 2010 12:28
Leading shares are mixed but still trending lower, with cautious investors banking a few profits after the UK market rose more than 3% last week. US futures point to a dull start on Wall Street, which is not helping shift the lacklustre mood. The Dow is tipped to start about 15 points below last we
Read moreLondon open: Unspectacular start for blue chips
8th Nov 2010 08:40
After the tumultuous events of last week London has paused for breath, with Footsie making only slight gains early on. The G20 summit will make headlines later in the week, but for now investors are bracing themselves for a deluge of blue chip announcements over the next few days. Warming up for t
Read moreSavills sees FY profit in excess of £40m
8th Nov 2010 07:49
Real estate advisor Savills expects underlying pre-tax profit for the year to 31 December 2010 to be in excess of £40m helped by a particularly strong performance in Asia and the UK. Transactions at its Prime London Residential business have continued at a healthy level, the group said, albeit four
Read moreMARKET TALK: UBS Upgrades Savills To Buy From Neutral
2nd Jul 2010 07:45
0645 GMT [Dow Jones] UBS upgrades Savills (SVS.LN) to buy from neutral. Says the shares have declined by 25% from their peak in mid-March. Thinks this represents an attractive entry point. Cuts the price target to 300p from 360p. Meanwhile, expects a strong 1H, reflecting a continuation of the momen
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
2nd Jul 2010 07:45
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] 0645 GMT [Dow Jones] UBS upgrades Savills (SVS.LN) to buy from neutral. Says the shares have declined by 25% from their peak
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