Telecom Plus warms market up ahead of results
19th Apr 2016 08:17
(ShareCast News) - Telecom Plus warmed the market up for its full-year results with a reiteration of its expectations on Tuesday. The FTSE 250 firm - which operates the Utility Warehouse brand - said it was confident of achieving full-year adjusted pre-tax profits of at least £54m in the year to 31
Read moreWednesday broker round-up
6th Apr 2016 14:37
(ShareCast News) - Electrocomponents: Credit Suisse upgrades to neutral with a target price of 250p. Telecom Plus: Berenberg Bank downgrades to hold, 250p target. Informa: Berenberg Bank maintains hold with a target price of 725p. ITV: Credit Suisse reiterates outperform with a target price of 310
Read moreFTSE 250 movers: Telecom Plus follows market trend, Drax falls on warning from chief executive
30th Nov 2015 14:19
(ShareCast News) - The FTSE 250 started the week on a high, rising to 17,367.86 points by mid-afternoon Monday, up 102.76 points (0.60%). Telecom Plus followed the lead of the market overall, with shares rising over 5% on the day. Last week the company announced that statutory pre-tax profit for the
Read moreFriday broker round-up
23rd Oct 2015 16:41
(ShareCast News) - Aa: Berenberg Bank starts a new coverage with a buy, sets target price at 350.00p. Globaltrans Investment Gdr (reg S): Credit Suisse upgrades to neutral, reduces target price to 4.20p. Connect Group: Berenberg Bank starts a new coverage with a buy, sets target price at 200.00p.
Read moreSector movers: Natural resources stocks trigger another London market decline
23rd Jul 2015 15:38
(ShareCast News) - Natural resources, especially mining and metals, along with telecommunications stocks triggered yet another London market decline on Thursday. The FTSE 100 was down 12.33 points or 0.18% at 6655.01, while FTSE 250 was down 26.55 or 0.15% with mining, metal and oil stocks leading a
Read moreFTSE 250 movers: OneSavings higher on Investec comments, Wood Group hit by downgrade
26th Jun 2015 14:27
Mid caps were in the red on Friday, as gains made by retailer and telecommunications stocks were overshadowed by Greece's looming critical weekend. As of 15:30 BST, the FTSE 250 was trading 0.7% lower at 17,829. OnseSavings Bank led the risers as Investec gave the stock a 'buy' rating and a price t
Read moreFTSE 250 movers: Petrofac boosted by upgrade, DS Smith higher on profit growth
25th Jun 2015 13:30
Mid caps inched higher on Thursday, as losses posted by construction, mining and engineering stocks were eclipsed by gains in the technology and real estate sectors. As of 15:00 BST, the FTSE 250 was trading 0.15% higher at 17,950. Petrofac topped the risers after Nomura upgraded the stock to 'buy'
Read moreFTSE 250 movers: Elementis plummets on profit warning, Stagecoach up on stronger profits
24th Jun 2015 12:55
Mid-caps edged lower on Wednesday, as gains made by transport, retail and property stocks were eclipsed by weakness in the industrial metals and computer services sectors. As of 14:30 BST, the FTSE 250 was trading 0.5% lower at 17,911. Ladbrokes reversed Tuesday's gains, which were driven by the co
Read moreFTSE 250 movers: Ladbrokes surges on merger talks, Jimmy Choo hit by legal threat
23rd Jun 2015 13:30
Mid caps were on the up on Tuesday, as weakness in the industrial metals sector was eclipsed by strength in oil, telecommunications and engineering stocks. As of 15:15 BST, the FTSE 250 was trading 0.6% higher at 18,010. Ladbrokes shares jumped after the bookie chain confirmed it was in merger talk
Read moreTelecom Plus reiterates guidance as annual pre-tax profit rises
23rd Jun 2015 08:27
Multi-utility provider Telecom Plus said its trading was in line with expectations, after posting an increase in annual pre-tax profits. In the year to 31 March, the group's pre-tax profits rose 21% year-on-year to £42m, while revenues climbed 10.5% to £729.2m, driven by take up of services the grou
Read moreOfgem to force energy suppliers to increase tariff transparency
3rd Jun 2015 12:03
UK energy suppliers will this year begin to be forced by regulator Ofcom to tell customers about cheaper tariffs, even if they are sold via a different company. Energy regulator Ofgem on Wednesday published its final decision on how suppliers who sell energy via 'white label' resellers. Under curre
Read moreLondon close: Greek default fears grip markets as UK stocks pull back from record
16th Apr 2015 16:51
Stocks finished lower on Thursday with UK markets retreating from a record high, as bonds yields in Athens soared on the back of concerns over a potential Greek default. London's FTSE 100 was down 36.33 points (-0.51%) by the close at 7,060.45. The index pulled back from Wednesday's all-time closin
Read moreFTSE 250 movers: Debenhams surges on strong H1, Telecom Plus lower on profit warning
16th Apr 2015 13:41
Debenhams topped the risers after posting half-year results above its forecast, reversing a decline in sales over its financial first quarter. "Overall we delivered a good first half performance despite a difficult clothing season in Autumn and we are on track to achieve full year expectations," sai
Read moreLondon midday: Greek fears hit sentiment as stocks retreat ahead of US session
16th Apr 2015 11:54
Ongoing uncertainty over Greece gave investors an excuse to take profits on Thursday, with UK stocks pulling back from record levels ahead of what is expected to be a busy session in the States. "Fears over Greece continued to dominate Thursday morning, leaving the Eurozone indices in a sorry state
Read moreLondon open: Greek woes pull UK stocks back from record high
16th Apr 2015 09:13
London's stock market pulled back slightly on Thursday morning, with investors pausing for breath after a record-setting session the previous day. The FTSE 100 was down 0.19% at 7,083.32 in early deals, retreating from Wednesday's all-time closing high of 7,096.78. The index also set a record intrad
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