London open: Markets pause after strong gains
20th Feb 2013 08:43
The FTSE 100 opened flat on Wednesday morning following a one per cent surge the day before, as investors awaited announcements from central banks and a number of key economic indicators from around the globe. "After having the strongest day of the year so far, European stock markets are in consoli
Read moreLondon pre-open: Small drop expected on FTSE ahead of jobs data
20th Feb 2013 07:30
City sources predict the FTSE 100 will open down four points from yesterday's close of 6,379, ahead of the release of today's UK jobs data and despite decent gains seen in the US overnight. The S&P 500 rose to a new five-year high on Tuesday, as confidence strengthened on hopes of further mergers
Read moreTravis Perkins tentatively eyes market pick-up
20th Feb 2013 07:17
Building materials group Travis Perkins boosted annual revenue and profit, despite continued headwinds in construction markets, and underlined its confidence in future trading by lifting its dividend payment by a quarter. Pre-tax profit rose 16.2% to £313.3m for the year ended December 31st 2012 wh
Read moreTravis Perkins buys solar energy firm
30th Jan 2013 07:37
Building materials group Travis Perkins has bought renewable energy firm, Solfex Energy Systems, for eight million pounds. The firm said that Solflex, which focuses on solar thermal and photovoltaic products, would be a valuable addition to its plumbing and heating division. "Our strategy of offe
Read moreWednesday broker round-up - UPDATE
30th Jan 2013 07:03
Alternative Networks: Investec increases target price from 310p to 330p retaining a buy rating. Anglo American: Deutsche Bank takes price target from 2200p to 2260p, while its buy recommendation remains unchanged. Antofagasta: Bank of America reduces target price from 1500p to 1400p and downgrades
Read moreLondon open: Markets 'pause for breath' after recent gains
28th Jan 2013 08:26
The FTSE 100 started Monday's session broadly unchanged as confidence about China provided some support, helping the FTSE 100 hold on to gains made in recent weeks. Impressive economic data helped drive a 2.1% rise on the Footsie last week, including better-than-expected readings of Chinese and Ame
Read moreImminent arrival for new Travis Perkins FD
28th Jan 2013 07:24
Building materials supplier Travis Perkins said its new Finance Director will start at the firm in April. Tony Buffin will join on April 8th and has been described by the company as having an "exceptionally strong track record in financial management, corporate finance and in creating and executing
Read moreSunday share tips: Majestic Wine, Travis Perkins
13th Jan 2013 20:05
Builders' merchant Travis Perkins has used the recession to acquire rival operators and increase market share to become the country's largest supplier of building materials, with 2,000 stores and 16 brands. Thus, while the shares have started the year well they still have real long-term potential an
Read moreThursday broker round-up UPDATE
13th Dec 2012 07:22
Advanced Medical Solutions: Investec reduces target price from 93p to 68p and downgrades from buy to hold. Numis downgrades to hold, while maintaining the target price at 165p. Canaccord Genuity moves target price from 93p to 90p and retains a buy recommendation. Anglo American: JP Morgan moves tar
Read moreTravis Perkins divisional chairman sells shares as company reports falling sales
12th Dec 2012 16:27
Joe Mescall, the Divisional Chairman of General Merchanting at Travis Perkins, sold 14,854 shares post-exercise, one day before the company warned that market headwinds have continued, although assured investors the outlook for the year as a whole remains unchanged. Mescall sold the shares at 1,098
Read moreLondon pre-open: Small gains expected on FTSE
12th Dec 2012 07:24
City sources predict the FTSE 100 will open up two points from yesterday's close of 5,925, edging higher on hopes in the US that law-makers can come to an arrangement over the impending 'fiscal cliff'. Optimism was sparked at the weekend following President Barack Obama and House Speaker John Boeh
Read moreTravis Perkins on track despite trading conditions
12th Dec 2012 07:06
Building materials supplier Travis Perkins said like-for-like sales fell in the past eleven months to the end of November, as market headwinds continue, but the outlook for the year as a whole remains unchanged. The Northampton based builders merchant said like-for-like sales fell 1.8% for the 11 m
Read moreTravis Perkins CEO becomes Chairman of trade body
8th Nov 2012 09:22
Geoff Cooper, Chief Executive of building materials group Travis Perkins, has been appointed non-executive Chairman of the Construction Products Association. The Association members include all of the largest construction products manufacturers and distributors as well as a wide range of other cons
Read moreWednesday broker round-up
24th Oct 2012 09:25
African Barrick Gold: Investec raises target from 485p to 530p, hold rating kept. Aggreko: Seymour Pierce maintains buy rating and 2,500p target. AstraZeneca: Panmure Gordon keeps hold rating and 3,000p target. British American Tobacco: Jefferies keeps buy rating and 3,730p target; Panmure Gordon
Read moreTravis Perkins appoints new Finance Director
24th Oct 2012 08:08
Building materials supplier Travis Perkins has found a replacement for the role of Group Finance Director following the announcement of Paul Hampden Smith's retirement. Tony Buffin will join the company at some point during the second quarter of 2013, with Hampden Smith staying on until September
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