Halfords Commercial Director shrinks stake
11th Feb 2013 16:20
Commercial Director of Halfords, Paul McClenaghan, last week sold 46,221 shares in the bike and car accessories retailer, the company announced Monday. The shares were sold at 341.99p, for a total of £158,071. The transaction comes less than a month after the group announced its total revenue for
Read moreTuesday broker round-up UPDATE
5th Feb 2013 07:14
Alternative Networks: Westhouse Securities downgrades from add to neutral with a target price of 280p. Anite: Northland Capital shifts target price from 153p to 167p leaving its buy recommendation unchanged. Barratt Developments: Liberum Capital raises target price from 165p to 259p and retains a
Read moreLondon close: Stocks surge as economic data impresses
1st Feb 2013 16:46
The impressive performance by global stock markets last month continued into the first trading day of February, as a barrage of upbeat economic data lifted sentiment. The FTSE 100 rose a total of 6.4% in January alone, the best January performance since 1989. Eurozone manufacturing beats forecast
Read moreFTSE 100 movers: Miners rise on positive Chinese data
1st Feb 2013 15:04
Miners were performing well on Friday as continued growth in China's manufacturing lifted the demand outlook for commodities. Fresnillo and Vedanta Resources were among the best performers. Telecoms giant BT was a high riser today after its third-quarter results, as cost control helped it to beat
Read moreLondon midday: Euro manufacturing data lifts sentiment
1st Feb 2013 11:58
A better-than-expected reading of Eurozone manufacturing data helped cement gains for equity markets on Friday morning, as investors await the all-important jobs data due out in the US this afternoon. Expectations are for a 165,000 rise in US non-farm payrolls in January when numbers are released a
Read moreLondon open: Stocks extend gains after strong performance in January
1st Feb 2013 08:29
Markets were performing well in early trading on Friday, extending gains made last month, ahead of the all-important jobs report in the US this afternoon. The FTSE 100 rose a total of 6.4% in January alone, the best January performance since 1989. However, as Joe Rundle, head of trading at ETX Cap
Read moreLondon pre-open: FTSE to open higher
1st Feb 2013 07:27
City sources predict the FTSE 100 will open up 16 points from yesterday's close of 6,277, having enjoyed its best January since 1989, despite suffering its worst day of 2013 on Thursday. US markets ended the day lower on Thursday, reducing the overall gains seen in January, after initial jobless cl
Read moreTate & Lyle battling against high corn prices - UPDATE
1st Feb 2013 07:07
Sweeteners and food products group Tate & Lyle said that third-quarter profits, while lower than they were last year, were in line with its expectations. However, the company did warn about the elevated levels of volatile corn prices and the impact of the hot summer last year. The company said tha
Read moreFriday preview: Spotlight on BT Group and Tate & Lyle
31st Jan 2013 15:07
All eyes will be on BT Group and Tate & Lyle on Friday as the FTSE 100 companies post financial results. British telecommunications company BT Group is expected to report a steady set of numbers when it unveils its third-quarter statement. Analysts at Liberum Capital predict revenues excluding tr
Read moreLondon close: FTSE 100 edges closer to 6,300 after recent strong run
28th Jan 2013 16:58
Improving newsflow in China and some better-than-expected economic data from the US helped the FTSE 100 come close to the 6,300 barrier on Monday, a level not seen since mid-2008. "What seems to be an unrelenting grind higher has continued today, with fund manager's chatter of the big rotation bein
Read moreLondon midday: Markets trading within narrow range
28th Jan 2013 11:33
London's benchmark index, the FTSE 100, was pausing for a breather on Monday morning with markets cautious ahead of a busy week. The index was trading within a narrow range over the course of the morning, with just 10 points separating its intraday high (6,289) and low (6,279). Economic data from
Read moreBroker tips: SSE, GKN, Tate & Lyle
28th Jan 2013 11:30
Despite SSE underperforming the wider UK utility sector on the news that its Chief Executive Officer (CEO) is leaving, Credit Suisse has kept its 'outperform' recommendation for the shares, saying that value-creation is expected to continue. Credit Suisse said it expects no change in the SSE busine
Read moreBroker snap: Investec downgrades Tate & Lyle ahead of Q3 results
28th Jan 2013 09:23
Investec has cut its rating for sweeteners and food products group Tate & Lyle from 'buy' to 'hold' after reducing its forecasts ahead of the group's third-quarter results, saying it's time to 'pause for a breather' after a decent run. The broker said it's been "quite a ride" at Tate, as the speed
Read moreMonday broker round-up - UPDATE
28th Jan 2013 08:04
Amino Technologies: Northland Capital takes price target from 75p to 80p reiterating a buy recommendation. Anglo American: Deutsche Bank shifts target price from 2230p to 2200p and retains a buy recommendation. Anite: Panmure Gordon increases target price from 165p to 170p and maintains a buy rati
Read moreWednesday tips round-up: Tate&Lyle, Cairn Energy, Severn Trent
23rd Jan 2013 06:54
The name of Tate&Lyle ought perhaps to be changed, argues The Times's Tempus on Wednesday morning. This is because with each passing day traditional sugar is less and less what it does. Thus, about 55% of profits now come from Specialty Food Ingredients (SFI), mainly sweeteners and starches, that go
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