Broker snap: Evolution downgrades Thomas Cook to sell
22nd Nov 2011 09:42
Evolution Securities has downgraded its rating on Thomas Cook from neutral to sell, after the firm's announcement to delay the release of its full-year results due to finance renegotiations. Thomas Cook said it was going back to its banks because of a "deterioration of trading in some areas of the
Read moreTuesday broker round-up - UPDATE
22nd Nov 2011 09:34
British Land: Bank of America-Merrill Lynch upgrades to buy from neutral. Centrica: Goldman Sachs keeps at Conviction Buy. Smith&Nephew: Citi cuts target to 492p from 507p, keeps at sell. Smith&Nephew: Citi reiterates neutral. Thomas Cook: Evolution Securities downgrades from neutral to sell, t
Read moreThomas Cook shares continue to plummet
22nd Nov 2011 09:10
Shares in travel firm Thomas Cook have continued their downward spiral after the firm said it was in talks with its banks about borrowing more money. After an hour of trading the company's share price was down almost 70% on Tuesday morning. Thomas Cook said it was going back to its banks because o
Read moreThomas Cook shares down 52% - UPDATE
22nd Nov 2011 08:45
Shares in travel firm Thomas Cook plummeted this morning after the firm said it was in talks with its banks about borrowing more money. This was due to a "deterioration of trading in some areas of the business in the current quarter", the firm said. "The company is in discussions with its principa
Read moreLondon open: London recovers but Thomas Cook plummets
22nd Nov 2011 08:36
The Footsie opened moderately higher on Tuesday, following yesterdays mass sell-off which saw most major benchmarks across the globe losing around 2% of their value. However, likely to limit gains today is last night's confirmation by US bipartisan 'supercommittee' that they have not agreed on a pl
Read moreThomas Cook shares crash
22nd Nov 2011 08:12
Shares in travel firm Thomas Cook plummeted Tuesday morning after the firm said it was in talks with its banks about borrowing more money. This was due to a "deterioration of trading in some areas of the business in the current quarter", the firm said. It added that it would delay the release of i
Read moreFTSE 250 movers: Miners tumble on global fears
21st Nov 2011 13:02
The mining sector suffered some heavy losses on Monday as concerns of the global economy weighed on sector sentiment, and metals prices. Centamin Egypt, Kenmare Resources, Aquarius Platinum, Petropavlovsk and Allied Gold Mining were among the worst performers on the FTSE 250. While the miners bo
Read moreMonday newspaper round-up: Spain, US deficit, Vodafone...
21st Nov 2011 06:30
According to the Financial Times, Spain's centre-right Popular Party, led by Mariano Rajoy, won the biggest election victory in the country's history yesterday, "consigning the incumbent Socialists to the political wilderness and making them the latest casualties of the eurozone's deepening sovereig
Read moreFTSE 250 Movers: Home Retail plummets after poor first half
19th Oct 2011 14:38
After reporting that its sales and profits are significantly down, Home Retail Group can now add its share price to the list. The company behind Homebase and Argos saw its overall sales fall 6% to £2,568m in the half year to the end of August while profit before tax fell 70% to £28m and operating
Read moreFTSE 250 Movers: Investors warned off Premier Foods
7th Oct 2011 15:02
Investors didn't hang about when Investec warned them to avoid Premier Food's stock, sending it tumbling more than 37%. Following Premier Foods' full-year profit warning on Friday, Investec placed its hold rating and 15p target price under review. In an unscheduled third quarter interim manageme
Read moreNew Thomas Cook chairman opens his account
3rd Oct 2011 15:46
Frank Meysman has purchased shares in troubled travel company Thomas Cook, the firm he is soon to take charge of. The Belgium national bought 100,000 shares at 39.09p each for a total of £39,090. Meysman, 59, was recently announced as the firm's new chairman, and will take over from Michael Be
Read moreLondon close: Miners drag down Footsie
29th Sep 2011 17:07
London was out of step with global stock markets, as it ended the day in the red, despite a bill to expand the European Financial Stability Fund (EFSF) sailing through the Bundestag with ease today. There were just 85 votes against the idea of expanding the Eurozone's bailout fund, while 523 membe
Read moreFTSE 250 Movers: Thomas Cook up despite dropping divi
29th Sep 2011 15:02
Investors clearly approved of Thomas Cook's move to drop its dividend as it seeks to rebuild its balance sheet, as the share price rose almost 10%. Ferrexpo was heading in the opposite direction after Credit Suisse initiated coverage on the iron ore producer with an "underperform" rating, saying i
Read moreLondon midday: No rally for FTSE 100 despite Bundestag vote
29th Sep 2011 12:16
London has failed to join European bourses higher following the passing through the German Bundestag of plans to expand the European Financial Stability Fund (EFSF). There were just 85 votes against the idea of expanding the Eurozone's bailout fund, while 523 members of Germany's parliament voted
Read moreLondon open: Stocks fall back as euro saga drags on
29th Sep 2011 08:24
Stocks have fallen back in early dealings amid continuing edginess over the Eurozone crisis. All eyes are on the German Bundestag as lawmakers vote on an expansion of the Eurozone bailout fund. Sweeteners group Tate & Lyle is in demand after saying it expects to perform in line with expectations
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