FT article alleges Tullet Prebon has been 'drawn into LIBOR scandal'
15th Feb 2013 12:40
An article published in the Financial Times has alleged that FTSE 250-listed broker Tullett Prebon 'has been drawn into the LIBOR scandal' claiming that an individual at the inter-dealer broker was 'implicated in conversations about rigging the yen LIBOR rate'. An unnamed spokesperson from Tullet P
Read moreLondon midday: Markets plateaux but Anglo American gains after results
15th Feb 2013 11:45
Stocks were trading within a narrow range on Friday morning ahead of the G20 meeting in Moscow and the release of key economic indicators in the States this afternoon. Delegates plan to discuss traditional issues such as the global economic outlook, implementation of the G20 framework agreement for
Read moreLondon open: Markets subdued ahead of G20 meeting
15th Feb 2013 08:19
Stocks markets began Friday's session in a cautious fashion, with the Footsie registering a moderate decline, ahead of the G20 meeting in Moscow. Delegates plan to discuss traditional issues such as the global economic outlook, implementation of the G20 framework agreement for strong, sustainable a
Read moreFriday newspaper round-up: Morrisons, Rolls-Royce, Tullet Prebon...
15th Feb 2013 06:55
Morrisons appears to be the biggest winner from the horsemeat scandal after the supermarket chain reported an 18 per cent rise at its fresh meat counters in the wake of revelations over tainted food. The retailer said it had posted the double-digit increase since horse DNA was first identified in Te
Read moreFTSE 250 movers: ICAP rises as electronic volumes climb
6th Feb 2013 15:43
ICAP climbed after seeing a 17 per cent increase in electronic volumes in January, with sector peer Tullett Prebon also on the rise. Enterprise Inns rose after Barclays upgraded the stock to overweight. Talk Talk Telecom Group climbed after Barclays raised its target price from 235p to 300p, whi
Read moreTuesday broker round-up - UPDATE
13th Nov 2012 07:11
Aveva Group: UBS raises target price from 1740p to 1810p and downgrades from neutral to sell. Balfour Beatty: Berenberg downgrades from buy to hold. Bovis Homes Group: Deutsche Bank raises target price from 578p to 599p and maintains buy rating. BTG: Deutsche Bank raises target price from 394p to
Read moreLondon close: Late rally not enough as stocks finish lower
9th Nov 2012 16:42
- Uni of Michigan confidence index rise beats forecasts - Chinese data offset by Greek concerns - Footsie finishes lower, but well off intraday lows After steep falls for most of the session, UK stocks picked up in afternoon trade to finish only slightly lower by the close after a reading of US con
Read moreFTSE 250 movers: Talvivaara dives on leak problems
9th Nov 2012 16:01
Talvivaara Mining Company saw its shares plunge after it failed to deal with a leak at a plant in Finaland. The leakage was discovered at the weekend and resulted in the suspension of operations at the plant. Inter-dealer broker Tullett Prebon tanked after reporting a big drop in revenue in the fo
Read moreLondon midday: Greek concerns hammer stocks again
9th Nov 2012 11:35
- Greek bailout delay worries sink markets - Chinese inflation data leaves door open for more stimulus - Admiral gains after upgrade; IAG rises on Iberia plans Concerns about Greece have offset some better-than-expected economic data from China this morning, with the FTSE 100 trading firmly in the
Read moreLondon open: Stocks flat despite upbeat data from China
9th Nov 2012 08:32
Cyclical stocks such as miners and banks were limiting gains on the FTSE 100 on Friday morning as the benchmark index attempted to recover from a two-day sell-off on the back of concerns for the global economy. Worries about the impending US 'fiscal cliff' and Greece's bailout have taken their toll
Read moreTullett Prebon sees revenues fall
9th Nov 2012 07:43
Inter-dealer broker Tullett Prebon reported a big drop in revenue in the four months to October on subdued market activity. Revenue between July and October was £276m - 12% lower than reported for the same period last year. At constant exchange rates, and excluding the acquisitions of Convenção
Read moreFriday preview: Rentokil Initial, Tullett Prebon
8th Nov 2012 17:57
For a relatively small part of the business, Rentokil Initial's often troublesome courier service, City Link, does seem to soak up a disproportionate amount of attention, and that may be the case again on Friday when the group makes a trading update. The good news for shareholders, however, is that
Read moreWednesday broker round-up
12th Sep 2012 08:54
African Minerals: Jefferies keeps buy rating and 550p target. Ashmore: UBS raises target from 370p to 390p, buy rating kept. ASOS: Panmure Gordon lifts tagged from 2,179p to 2,378p, buy rating kept. Barratt Developments: Panmure Gordon keeps buy rating and 190p target; Jefferies keeps buy rating
Read moreTuesday broker round-up
31st Jul 2012 09:19
Dignity: N+1 Brewin upgrades to add, target raised from 880p to 950p. Diploma: Jefferies reiterates buy rating and 510p target. Elementis: N+1 Brewin upgrades to buy, target upped from 220p to 230p. EnQuest: HSBC upgrades to overweight, target lifted from 135p to 143p. Faroe Petroleum: Nomura ra
Read moreCost cutting keeps Tullett Prebon on course
31st Jul 2012 08:02
Inter-dealer broker Tullett Prebon was hit by challenging market conditions in the first half of 2012 but its decision to slash jobs kept costs under control. Revenues for the six months to the end of June were £455.1m, almost exactly the same as the £454.8m reported at the same point last year. At
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