Standard Chartered earns 5.9m pounds worth of shares
16th Mar 2012 16:28
Peter Sands, Chief Executive at Standard Chartered, the Asia-focused banking colossus, earned himself 5.9m pounds-worth of shares in the company following the vesting of four separate reward payments. The pay-out came as the largest part of a £32m bonus paid to 10 of the company's directors. San
Read moreMurdoch's senior advisor ditches bucket load of shares
2nd Mar 2012 16:08
Arthur Siskind, senior advisor to News Corp. Chairman Rupert Murdoch, has ditched 120,000 shares in the firm. Siskind sold the shares at $20.26 each for a total of $2,431,200 on February 29th. The transaction came just one day before James Murdoch, son of media mogul Rupert Murdoch, quit his rol
Read moreInternational Power CFO sells entire stake in the firm
29th Feb 2012 15:38
Mark Williamson, the Chief Financial Officer (CFO) of International Power, the FTSE 100 power generator, has sold over a million pounds worth of shares in the firm. The move means he no longer holds any shares in the company. Williamson, who has been CFO since 2003, sold 409,684 shares, which be
Read moreWednesday broker round-up - UPDATE
29th Feb 2012 09:11
ITV: Nomura maintains neutral recommendation and 88p target; Prime Markets gives buy rating and 95p target; Peel Hunt ups target from 83p to 88p, hold rating kept. Standard Chartered: Nomura keeps buy rating and 1,800p target. CRH: UBS ups target from 1,150p to 1,300p, neutral rating kept. Schrod
Read moreFriday broker round-up - UPDATE
24th Feb 2012 09:36
Lloyds Banking Group: Nomura keeps reduce rating and 35p target; Credit Suisse keeps neutral rating and 33p target. Royal Bank of Scotland: Nomura reiterates reduce recommendation and 26p target. RSA Insurance: Nomura downgrades from buy to neutral, target reduced from 148p to 120p; UBS keeps long
Read moreTravis Perkins shrugs off depressed market
22nd Feb 2012 07:48
Builders' merchant Travis Perkins posted a 52% increase in full year revenue as like for like sales increased 6% despite the depressed construction market. However the group cautioned markets are likely to remain subdued in 2012. "The consumer sector is likely to decline by a more substantial amou
Read moreLondon open: Stocks flat ahead of US data, Admiral jumps
3rd Feb 2012 08:31
London's blue chip stocks were broadly flat in early trading on Friday, with investors cautious ahead of some key non-farm payroll data due out in the US later today. In domestic news, the National Institute of Economic and Social Research (NIESR) predicts that the UK may fall back into recession t
Read moreOFT to review Travis Perkins's Toolstation purchase
3rd Feb 2012 08:02
Builders' merchant Travis Perkins said the Office of Fair Trading intends to look into the company taking full control of hardware supplier Toolstation. Travis Perkins, which bought a 30% stake in Toolstation for £18m back in 2008, agreed to buy up the rest of the Bridgewater, Somerset, based rival
Read moreFTSE 250 movers: Ocado drops as Q4 fails to deliver
19th Dec 2011 15:33
Online grocer Ocado sank after revealing that it had to operate "under capacity constraints" at its Hatfield distribution centre in the fourth quarter. Profit margins had been hit by production issues as well as the cost of employing extra staff as it installed further capacity, the company said. S
Read moreMonday broker round-up - UPDATE
19th Dec 2011 09:10
Randgold Resources: Goldman Sachs downgrades to sell from neutral. Aggreko: Investec puts 1,950p target under review, buy rating retained. Carnival: Evolution Securities keeps buy recommendation and 2,850p target. Ocado: Panmure Gordon keeps sell rating and 50p target. Babcock: Panmure Gordon r
Read moreTravis Perkins names Carter deputy chief executive
19th Dec 2011 07:12
Builders merchant Travis Perkins has promoted current chief operating officer John Carter to deputy chief executive, with effect from 1 January 2012. The Wickes owner said the move comes as part of an organisational shake-up including the creation of four divisions for the group's operating busines
Read moreTravis Perkins gets reduced banking facility from 2013
16th Dec 2011 09:14
Travis Perkins, the builders merchant, has announced a new banking facility today, perhaps revealing how banks and, by extension major corporations, are having to deleverage. The new facility is worth £550m and becomes available in April 2013, when the firm's current £800m facility runs out. In ot
Read moreLondon close: Merkel comments weigh, Footsie pares gains
13th Dec 2011 16:21
London's blue chip index experienced a boost on Tuesday afternoon, helped by a strong Spanish bond auction and a better-than-expected German confidence survey. However, stocks began to retreat late on after some worrying comments from Angela Merkel and rumours of disruption to oil exports in the Per
Read moreTuesday broker round-up - UPDATE
13th Dec 2011 09:54
Amec: Citi upgrades to buy from sell. Royal Dutch Shell: Citi downgrades to neutral from buy. Petrofac: Investec reiterates buy, 1,705p target under review. Petrofac: Evolution Securities reiterates add and 1,700p target. Whitbread: Evolution Securities keeps buy rating and 1,800p target. Whitb
Read moreLondon open: Whitbread loses its froth
13th Dec 2011 08:47
London has opened on the front foot, which comes as a relief after yesterday's bashing, but the top-share index's modest advance is largely due to the strength of miners, which more than outweighs the weakness of banks. Results from Costa Coffee show owner Whitbread have left a sour taste, with evi
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