London close: Flat finish for FTSE 100
14th Feb 2011 16:42
The top share index finished flat after a sluggish day's trading. Takeover talk pushed the price of engineering stalwarts Weir Group and Invensys higher, with engineering colossus Siemens said to have cash burning a hole in its pocket. The German company's chief financial officer, Joe Kaeser, sai
Read moreLondon afternoon: Footsie in red despite miners
14th Feb 2011 14:29
Mining stocks are buoyant after China's economy grew 9.8% in the final quarter of 2010, but demand for miners has not prevented the blue-chip index from sliding into the red. Takeover talk is pushing the price of engineering stalwarts Weir Group and Invensys higher, with German engineering colossu
Read moreRecord profits expected at Telecom Plus
14th Feb 2011 12:46
Utility services group Telecom Plus expects full year profits to be ahead of market expectations, despite December's severe weather conditions resulting in slightly slower customer growth in the third quarter. The number of customers grew by 5,528 to 362,828 in the three months to 31 December, comp
Read moreBroker tips: RBS, De La Rue, Telecom Plus
23rd Nov 2010 13:20
UBS thinks risk aversion has seen the shares of the Royal Bank of Scotland (RBS) underperform, but reckons the market might have overreacted to the bank's exposure to the Irish crisis. With worried investors shying away from many banks that have exposure to Ireland, RBS shares have taken a hit ove
Read moreBroker snap: Telecom Plus margins to improve as gas prices rise
23rd Nov 2010 10:28
Broker finnCap sees rising gas prices coupled with a cold winter leading to improved margins at Telecom Plus, despite the group's interim performance being below expectations. Revenue for the utility and telecoms supplier was 3% below the broker's forecasts coming in at £147m, while earnings before
Read moreSmall caps round-up: Intellego, Goldplat. Shanta ...
23rd Nov 2010 08:23
Shares in Intellego jumped after the training consultancy group said it had made a good start with its trial programme providing financial services products to a high street bank and other financial services groups. The company said the strong start should achieve its minimum sales target of £500,0
Read moreSmall caps round-up: Mears, BowLeven, Telecom Plus...
1st Oct 2010 11:56
Social housing repairs and maintenance group, Mears, has paid £2.7m for Jackson Lloyd (JL), which mends houses in the North West. JL has an order book in excess of £80m and Mears expects the purchase to be earnings enhancing by the end of next year. Oil explorer Bowleven has agreed a revised optio
Read moreNo dividend rise at Telecoms
14th Jul 2010 13:40
Utility and telecoms supplier Telecoms Plus expects half year earnings and pre-tax profits will be significantly ahead of last year, though it only intends to maintain its dividend at 22p for the current year. The firm reduced energy tariffs in April but recent rises in the forward wholesale prices
Read moreMARKET TALK: FinnCap Cuts Telecom Plus To Hold From Buy
14th Jul 2010 11:48
1048 GMT [Dow Jones] FinnCap downgrades Telecom Plus (TEP.LN) to hold from buy, saying the stock is now priced at a level suitable to warrant dividend payments. Analyst Andrew Darley says shareholder reward remains the time at which Telecom Plus will begin to pay a dividend and with the stock tradin
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
14th Jul 2010 11:48
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] 1048 GMT [Dow Jones] FinnCap downgrades Telecom Plus (TEP.LN) to hold from buy, saying the stock is now priced at a level sui
Read moreTelecom Plus Financial Performance Since FY In Line With Market Views
14th Jul 2010 07:31
LONDON (Dow Jones)--Telecom Plus PLC (TEP.LN), trading as the Utility Warehouse, supplies a wide range of utility services to both residential and business customers, announced Wednesday the period to June 30, that financial performance since the year end has been in line with market expectations.
Read moreBroker tips: Telecom Plus, KCOM, Entertainment One
25th May 2010 13:08
Multi-utility supplier Telecom Plus's full year profits were down but the figures were not as bad as expected according to KBC Peel Hunt, which has raised its target price for the stock. "Reported profits were impacted by the normalisation of energy margins, which masked the strong underlying growt
Read moreBroker snap: Lots of pluses at Telecom Plus
25th May 2010 11:52
Multi-utility supplier Telecom Plus's full year profits were down but the figures were not as bad as expected according to KBC Peel Hunt, which has raised its target price for the stock. "Reported profits were impacted by the normalisation of energy margins, which masked the strong underlying growt
Read moreBP non-exec increases stake
31st Mar 2010 16:27
On Monday, BP non-executive director George David acquired 18,815 ADSs in the oil and gas giant for $56.89 each, followed by a further 1,185 ADSs at the same price the following day. This equates to 120,000 ordinary shares in total. The equivalent share price is 568.9p. This takes David's stake in
Read moreGalliford Try chief exec builds up stake
11th Dec 2009 16:37
Greg Fitzgerald, chief executive of Galliford Try, has lifted his stake in the construction group. He took 13,490 shares at 296.5p a time, paying a total of about £40,000, and now has 585,008. Shares in the company have jumped by about 40% in the past year. Last week it announced its acquisitio
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