Thursday broker round-up
26th Jul 2012 10:41
ARM: UBS ups target from 630p to 645p, buy rating kept. Bodycote: Investec cuts target from 410p to 355p, buy rating kept. BSkyB:Jefferies keeps hold rating and 700p target; Investec keeps hold rating and 680p target. Capita: Jefferies ups target from 750p to 795p, buy rating kept. Capital & Cou
Read moreLondon open: Footsie opens flat after a flurry of results
26th Jul 2012 08:31
- Stocks mixed after a ton of results - Rolls and Reed Elsevier up; Shell and BG down - Eurozone concerns still weigh on sentiment The Footsie opened broadly flat on Thursday morning on the back of a mixed reception to a barrage of quarterly and half-year results from a mass of heavyweight blue chi
Read moreTate and Lyle warns of surging corn prices
26th Jul 2012 07:31
Sweeteners giant Tate and Lyle said that adjusted operating profits in the first quarter were in line with its expectations, but did sound a cautious note in the full-year outlook as corn prices have surged. In Speciality Food Ingredients, volumes and sales increased year-on-year in the three month
Read moreBig caps round-up: Shell, Lloyds, BG Group ...
26th Jul 2012 07:30
An extraordinary number of FTSE 100 companies released updates on Thursday morning. This is a round-up of the key points for each. AstraZeneca: Revenue for the second quarter was $6,660m, down 18% at constant exchange rates (CER). Core earnings per share (EPS) was $1.53 in the second quarter, a 6%
Read moreWednesday broker round-up
25th Jul 2012 10:13
3i Group: Investec initiates with buy rating and 236p target. APR Energy: UBS cuts target from 690p to 590p, sell rating unchanged. British American Tobacco: Jefferies keeps buy rating and 3,730p target. British Land: Jefferies keeps buy rating and 552p target. BT Group: Jefferies maintains buy
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 moreTate and Lyle wins US court case
27th Jun 2012 07:23
Food ingredients group Tate and Lyle has won a court case in the United States against equipment supplier Whitefox Technologies. The dispute related to equipment and technology supplied by Whitefox, under an agreement entered into in June 2006, for use in Tate & Lyle's ethanol production facilities
Read moreHikma boss makes a fair few pennies from share sale
21st Jun 2012 16:24
Said Darwazah, the Chief Executive Officer of Hikma Pharmaceuticals, the FTSE 250 multinational pharmaceutical group, has pocketed over one million pounds through the sale of company shares last week. Darwazah sold 195,447 shares at 649p each on June 15th for a total of £1,268,451, the company reve
Read moreLondon close: Stocks jump ahead of FOMC meeting
19th Jun 2012 16:44
- Markets look to FOMC with optimism - G20 meeting still ongoing, leaders pledge support - Whitbread, Home Retail lead risers in London Central bank stimulus speculation was doing the rounds today ahead of a key policy meeting in the US, fuelling a strong rise for the Footsie - the index finished a
Read moreSector movers: Home Retail boosts retailers, Danone dents food stocks
19th Jun 2012 15:50
With Home Retail's market value increasing by a quarter, the general retail sector was the best performing category on Tuesday afternoon. The stock jumped in early trading after revenues at its Argos division came in at £819m for the quarter, down just 0.2% on a like-for-like basis. The City consen
Read moreFTSE 100 movers: Whitbread pushes FTSE higher
19th Jun 2012 15:40
Forecast-beating like-for-like (LFL) sales growth in its first quarter saw shares of Whitbread jump during Tuesday's session. The Premier Inn and Costa Coffee owner reported that LFL sales increased by 4.5%, better than expectations of a 3.0% improvement. Engineering group Weir was also making imp
Read moreLondon midday: Stimulus hopes drive gains
19th Jun 2012 11:28
- G20 to take 'all necessary policy measures' - UK, US stimulus hopes boost markets - Whitbread, Home Retail rise strongly UK stocks were trading near their highest levels of the day by lunchtime on hopes that the world's leaders can pull together to battle the global financial crisis. According t
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 moreFriday broker round-up
8th Jun 2012 08:11
AVEVA: Merchant Securities maintains buy rating and 1,850p target. Berendsen: HSBC upgrades to overweight, target cut from 575p to 550p. BP: Credit Suisse maintains outperform recommendation and 540p target. BT Group: Nomura cuts target from 295p to 285p, buy rating unchanged. International Cons
Read moreThe view from '52 part II: The seventies
5th Jun 2012 02:09
This is a continuation of part one of the article looking back at the changes in the constituents of the FT 30-share industrial index, the predecessor to the FTSE All-Share and FTSE 100 indices. John Brown's body ... By 1971 Britain's shipbuilding presence in the world was on the wane but still i
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