FTSE 250 movers: C and W Worldwide bounces on Vodafone bid
13th Feb 2012 13:35
Telecoms firm Cable and Wireless Worldwide (CWW) leapt after rival Vodafone confirmed it is considering making a bid for the firm. Prior to today's announcement, CWW's shares had lost almost three-quarters of their value over the last year after a series of profit warnings. Telecom Plus, the uti
Read moreLondon midday: Stocks extend gains and banks, miners advance
13th Feb 2012 11:40
- Stocks rise as Greece approves austerity package. - Banks miss 'Project Merlin' lending targets. - Vodafone confirms potential takeover of C&W Worldwide. The Footsie was trading a whole percentage point higher by midday, with banks and miners extending gains from the morning session, following
Read moreMonday broker round-up - UPDATE
13th Feb 2012 09:08
SAB Miller: Credit Suisse initiates at outperform and with a price target of 2,900p. Lloyds: Nomura downgrades from neutral to reduce, cuts target from 40p to 35p. Royal Bank of Scotland: Nomura downgrades from neutral to reduce, cuts target from 34p to 26p. Barclays: Nomura downgrades from buy
Read moreLondon open: Stocks jump on Greek austerity vote
13th Feb 2012 08:21
- Stocks rise as Greece approves austerity package. - Vodafone confirms potential takeover of C&W Worldwide. - Miners track metal prices higher. UK stocks rose strongly on Monday morning following the news that the Greek parliament voted to approve the tough austerity measures needed to secure the
Read moreLondon pre-open: Greek deal to spark good start for FTSE 100
13th Feb 2012 07:27
City sources predict the FTSE 100 will open up 36 points from Friday's close of 5,852 after the Greek government voted in favour of a new set of austerity measures, including wage and pension cuts, which will form the conditions of a new bailout in a bid to prevent it from defaulting on its debts.
Read moreTelecom Plus puts on a spurt in January
13th Feb 2012 07:08
Telecom Plus, the utility provider which trades as Utility Warehouse, said full year profits are expected to be slightly ahead of market expectations, after it enjoyed a recent acceleration in organic growth. The group said that customer numbers for the first nine months of its financial year, whic
Read moreDS Smith non-exec tops up his stake
30th Jan 2012 16:02
Chairman of the Audit Committee at DS Smith, Jonathan Nicholls, has bought £74,366-worth of shares in the recycled packaging firm. The purchase, which saw the non-executive buy 32,309 shares at 230.17p each, comes less than two weeks after the firm launched an agreed bid for the second largest pack
Read moreWednesday tips round-up: Big Yellow, Electrocomponents, Telecom Plus
23rd Nov 2011 06:11
The Times' Tempus column highlights Big Yellow's plans to halt further capital spending to improve debt. "If the capital spending tap is turned off, clearly there is potential for cash-flow...to rise considerably from the near-£30m each year at present," Martin Waller writes. Furthermore, while the
Read moreMargins up at Telecom Plus
22nd Nov 2011 11:57
Utility services provider Telecom Plus saw profits shoot up by almost a third in the first half and has hiked its dividend by 25%, as promised. Profit before tax came in at £11.1m in the six months to the end of September, a 31% rise on the £8.5m recorded year before. Earnings per share rose to 12.
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 moreUPDATE: Wednesday broker round-up
5th Oct 2011 09:12
Sainsbury: H2O Markets downgrades to hold. Tesco: Baadar Bank confirms buy rating and 500p target. Kingfisher: Investec keeps hold and 245p target. Wood Group: Investec places target under review, hold recommendation maintained. SuperGroup: Peel Hunt downgrades from buy to hold, target put unde
Read moreOrganic growth rate picks up at Telecom Plus
5th Oct 2011 08:29
Telecom Plus, the utility services provider that trades under the Utility Warehouse brand, saw organic growth accelerate in the second quarter, and expects its half-year figures will be significantly up on last year. This spells good news for shareholders, who can expect a significant increase in t
Read moreDeputy Chairman Whittaker increases stake to 20%
17th Aug 2011 14:32
Billionaire property investor John Whittaker bought another round of shares in Capital Shopping Centres (CSC), bringing his total stake to more than 20%. Whittaker, who is deputy chairman and a non-executive director of CSC, purchased 306,500 shares of 50p each at an average price of 321.475p per
Read moreSunday tips round-up: Brewin Dolphin, Electrocomponents, IMPs, Telecom Plus, SVG
17th Jul 2011 09:17
Private client investment manager Brewin Dolphin can trace its roots to the mid-18th Century and was a founding member of the London Stock Exchange, writes Midas in the Mail On Sunday. It has more than 100,000 clients, and since the turn of the century the proportion of clients who are taking the f
Read moreThursday tips round-up: Icap, ITE, Morgan Crucible
14th Jul 2011 06:48
Another year or more of dithering in Brussels and then a catastrophic implosion that saw Greece, Ireland and Portugal expelled to set up their own volatile currencies is probably the ideal scenario for Icap, the world's biggest inter-dealer broker. The shares now sell on below 12 times this year's p
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