Wednesday tips round-up: Vodafone, Carnival, Telecom Plus
22nd May 2013 06:57
Despite the falls evident in yesterday´s quarterly results, in what has traditionally been its main performance metric -organic service revenues - any weakness in Vodafone´s share price looks like it would be a buying opportunity, says The Times´s Tempus. Above all, it is hard to see how the situati
Read moreTelecom Plus profits rise on strong customer growth
21st May 2013 08:10
UK multi-utility supplier Telecom Plus reported a 12.7 per cent jump in annual pre-tax profit driven by a rise in customers and a record increase in service numbers. Pre-tax profits for the year ended March 31st came to £34.6m, compared to £30.7m the previous year. The company, which supplies gas
Read moreSector movers: BT drags telecoms lower after recent surge
13th May 2013 15:24
Shares in BT Group were pulling back on Monday after a strong surge the previous session, pressuring the fixed line telecoms sector to the bottom of the pile. Annual results from BT were met with a 12% share-price rise on Friday after the company beat analysts' estimates with a 21% jump in adjusted
Read moreWednesday broker round-up UPDATE
8th May 2013 09:08
Altitude Group: WH Ireland initiates with a target price of 50p and a buy recommendation. Betfair Group: Deutsche Bank increases target price from 725p to 884p, while staying with its hold recommendation. Nomura raises target price from 766p to 883p and reiterates a neutral rating. Exane BNP ups ta
Read moreLondon pre-open: FTSE to start week lower
2nd Apr 2013 07:29
City sources predict the FTSE 100 will open down 15 points from Thursday's close of 6,412, returning after the long bank holiday weekend. Overnight, both US and Asian markets moved lower, with the former dropping on the back of a worse-than-expected reading of American manufacturing dampened senti
Read moreTelecom Plus confident for full year
2nd Apr 2013 07:11
Utility services provider Telecom Plus said it remains confident of reporting full year profits in line with market expectations following a strong fourth quarter for distributor, customer and service numbers. The FTSE 250 firm, which provides utility services to residential and business customers,
Read moreLondon open: Markets lack direction early on
11th Feb 2013 08:37
The FTSE 100 opened flat on Monday morning with volumes thin as Asian markets close for the Lunar New Year holidays. Market strategist Ishaq Siddiqi from ETX Capital said that there was "a lack of direction from Asia overnight" with Japan's Nikkei and Hong Kong's Hang-Seng indices both closed. "At
Read moreTelecom Plus to boost divi by 15 per cent
11th Feb 2013 07:54
Telecom Plus, the FTSE 250 utilities services provider, said Monday that it was confident that it will report full year profits in line with market expectations, following a period of continued strong organic growth. It said underlying cash generation has continued to be strong, while total group
Read moreTelecom Plus makes confident call for full year
20th Nov 2012 08:15
Discount utility provider Telecom Plus is confident it will produce record profits for the full year on the back of strong interims. For the six months ending September 30th, revenues were up 30% to £210m (2011: £161.7m), reflecting strong organic growth. Revenue growth was driven by the number of
Read moreLondon close: Miners surge after US jobs figures beat forecasts
5th Oct 2012 16:44
- US data spreads some cheer - Mining stocks gain though Anglo bucks the trend - Tesco continues to fall after interim results The FTSE 100 index finished the day with decent gains on Friday as some better-than-expected employment figures from the US lifted sentiment late on. "A firmer but fairly
Read moreFTSE 250 movers: KCOM drops on downbeat trading update
5th Oct 2012 15:54
Broadband and communications provider KCOM has fallen following a downbeat trading statement prior to its interims. It announced that it is trading "in line with expectations", but orders in its enterprise division have been below expectations. KCOM also revealed that first-half net debt has incre
Read moreLondon midday: Stocks continue to gain ahead of US payrolls
5th Oct 2012 11:52
- Markets await non-farm payrolls from the US - Miners lead risers in London - Tesco continues its decline The FTSE 100 was trading at its best levels of the day by Friday lunchtime ahead of a key jobs report from the US, with miners dominating the risers list in London. "European financial market
Read moreLondon open: Footsie bolstered by miners ahead of US data
5th Oct 2012 08:48
- Burberry, Wood Group and miners lift FTSE 100 early on - Markets await US payrolls data - IMF to cut global GDP forecast Stocks edged higher on Friday morning ahead of some closely-watched jobs data from the US later today; Burberry, Wood Group and the miners were among the highest risers on the
Read moreTelecom Plus to ramp up interim divi
5th Oct 2012 07:16
Utilities services provider Telecom Plus is dangling the prospect of a sharply increased interim dividend in front of shareholders' eyes after a first half surge in profits. With the group's business proving to be less seasonal these days the group is moving towards a more even split between its in
Read moreFTSE 250 movers: Homeserve up despite takeover denial
18th Jul 2012 14:59
Homeserve, the troubled emergency home repairs company, jumped despite denying it is in talks about a possible takeover. Shares were up nearly 13 per cent by mid-afternoon. RPC Group, a supplier of rigid plastic packaging, also rose after it generated first-quarter revenue on a similar level with
Read more