UK MARKET TALK ROUNDUP: BROKERS COMMENTS
2nd Jul 2010 07:45
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0645 GMT [Dow Jones] Travis Perkins (TPK.LN) issues a positive trading update, says KBC Peel Hunt. Says merchanting or trade
Read moreTravis Perkins Earnings Ahead Of Views; Reinstates Dividend
2nd Jul 2010 07:27
By Lilly Vitorovich Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. building-materials retailer Travis Perkins PLC (TPK.LN) said Friday that its first-half results are ahead of management expectations, underpinned by the strong rebound in trading, and that it intends to resume dividend pay
Read moreTravis Perkins resumes dividends as trading rallies
2nd Jul 2010 07:16
Builders' merchant Travis Perkins has seen a strong rebound in trading since March. The Wickes owner now expects the first half to beat expectations while dividends will resume again with a 5p interim. Group revenue for the six months ended 30 June was up by 4.7%, with like-for-like sales up 3.4%.
Read moreTravis Perkins Current Trading Continues To Be Ahead Mgmt Views
2nd Jul 2010 07:11
LONDON (Dow Jones)--Travis Perkins PLC (TPK.LN), U.K.-based builders' merchant and home improvement retailers, said Friday it expects to report a result for the six months ended June 30 ahead of management expectations and added that current trading continues to be ahead of management expectations.
Read moreMARKET TALK: Budget Could Stall Mid/Small Cap Outperformance
16th Jun 2010 10:56
0956 GMT [Dow Jones] Next week's UK budget could mark the end of the outperformance of mid and small-cap stocks, due to their generally higher exposure to government contracts, says Deutsche Bank. Suggests the IT services sector, newspapers, defense stocks and housebuilders could continue to struggl
Read moreMARKET TALK: Morgan Stanley Lifts Travis Perkins Price Target
8th Jun 2010 09:10
0810 GMT [Dow Jones] Morgan Stanley lifts Travis Perkins (TPK.LN) price target to 1150p from 1020p following its interim management statement. Says trading in the merchant business is better than expected, with stronger than expected like-for-like growth. Now forecasts FY '10 +5% organic growth for
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
8th Jun 2010 09:10
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0810 GMT [Dow Jones] Morgan Stanley lifts Travis Perkins (TPK.LN) price target to 1150p from 1020p following its interim m
Read moreLondon close: Flat finish for FTSE 100
17th May 2010 16:51
A late slide on the back of weakness in the US resulted in a flat finish for FTSE 100, which had been buoyant for most of the day following a recovery after Friday's slide. Life insurer Prudential's announcement of a rights issue barely moved the stock. Much of the news from the Pru was leaked befo
Read moreLondon afternoon: Shares stay strong
17th May 2010 15:19
A sluggish start on Wall Street has failed to dent sentiment in London, where stocks are higher following Friday's slide. Life insurer Prudential's announcement of a rights issue has barely moved the stock. Much of the news from the Pru was leaked beforehand, but an 11-for 2 rights issue still repr
Read moreLondon midday: Shares strong after recovery
17th May 2010 12:47
Footsie is posting good gains as sentiment picks up following the slide on Friday. Life insurer Prudential's announcement of a rights issue has barely moved the stock. Much of the news from the Pru was leaked beforehand, but an 11-for 2 rights issue still represents an eye-watering number of new s
Read moreTravis Perkins doing better than expected
17th May 2010 08:09
Builders merchant Travis Perkins is pleased with progress during the first four months of 2010 and says current trading is ahead of management expectations. Sales at the owner of the Wickes DIY chain increased by 2.2% in the four months to 30 April and by 1.4% on a like for like basis. The merchan
Read moreNon-exec buys initial stake in Aberdeen
17th Mar 2010 16:02
Aberdeen Asset Management non-executive director Gerhard Fusenig has bought his first shares in the fund manager since he was appointed to the board on 8 October 2009. Fusenig invested nearly £129,000 in 100,000 shares, which cost 128.84p each. Fusenig is Co-Chief Operating Officer of Asset Mana
Read moreLondon close: Carnival provides lift
24th Feb 2010 16:55
Footsie closed slightly higher, with Carnival giving London's blue chips a lift after announcing that it is going to increase the price of its cruises. Carnival was leading the FTSE 100 higher after the cruise operator said it will be lifting ticket prices following strong reservations activity for
Read moreLondon afternoon: Stocks steady at higher levels
24th Feb 2010 14:12
London has moved into consolidation mode in the afternoon session, ahead of a moderately firmer opening on Wall Street. HSBC remains the top performer as reports circulate that the company is preparing to sell its train leasing business for around £2bn. Sentiment towards the bank is also sweetened
Read moreLondon midday: HSBC rolls higher on train sale rumours
24th Feb 2010 12:04
Banks are leading the market's advance today, more than offsetting weakness among miners. HSBC was the morning's top performer as reports circulate that the company is preparing to sell its train leasing business for around £2bn. Sentiment towards the bank is also sweetened by reports that the boar
Read more