Broker tips: Persimmon, Informa, Blacks Leisure
2nd Mar 2010 13:06
The wheels have come off the Persimmon revival bandwagon this year with the stock coming down from its January peak of around 500p to dip below 400p at one point but they are back on the rise after Tuesday's results, with good cause, in Panmure Gordon's view. The broker has upgraded its price targe
Read moreBroker snap: Stormer from Informa
2nd Mar 2010 11:22
Full year results from business publisher Informa were well ahead of expectations, according to Panmure Gordon, raising the prospect of earnings upgrades for 2010. 'There should be scope to upgrade FY 10 EPS [earnings per share for fiscal 2010] pending further contact with the company. The EPS base
Read moreTarsus boosted by currency gains
6th Jan 2010 08:30
Events and conferencing group Tarsus said it expects full year 2009 adjusted pre-tax profits to be in line with the board's expectations after currency gains. In recent trading the group said emerging markets, which contributed approximately 33% of group revenues in 2009, continued to perform well.
Read moreLondon Close: Dubai worries knock market
26th Nov 2009 17:25
The London market wasn't helped by a technical glitch at the London Stock Exchange but it was never going to be a good day due to worries about the debt problems of Dubai. The fact that there was no trading for more than three hours just made investors even more nervous. The FTSE 100 fell by more
Read moreSmall caps round-up: White Young Green, Beowulf, Angel Biotech...
19th Nov 2009 11:01
Engineering consultant White Young Green has traded in line with expectations since the end of June, with conditions varying across its markets. "There remains a lack of confidence and liquidity in many areas in which we trade, but there are also some encouraging signs in respect of opportunities
Read moreBroker tips: Johnson Matthey, JD Wetherspoon, Tarsus
14th Sep 2009 12:30
Shares in speciality chemicals group Johnson Matthey fell back after Morgan Stanley downgraded its rating on the stock to 'equal-weight' from 'overweight.' The broker raises its price target on the firm to 1,450p from 1,400p, but sees little upside potential beyond this. It says its downgrade of
Read moreBroker snap: Tarsus JV sale to have little effect in 2009
14th Sep 2009 11:49
The sale of a French joint venture should provide further support to investor confidence in events and conferencing group Tarsus, believes broker KBC Peel Hunt, which has reiterated its 'buy' recommendation on the stock. The company has sold its French joint venture to its partner, Reed, for £0.4m
Read moreTarsus sees FY in line
14th Sep 2009 08:00
Events and conferencing group Tarsus said full year results are expected to be in line with group expectations and it sees 'a very satisfactory outcome for 2009.' Commenting on trading, the group said second half exhibitions have begun well, with the Off-Price Show in Las Vegas in August and the Me
Read moreTarsus has record first half
29th Jul 2009 12:18
Exhibitions and conferences group Tarsus enjoyed a record first half with revenue up by 36% to £19.7m (2008: £14.5m), with underlying like-for-like growth of 5%. Profit before tax to Juen was £0.4m (2008: £0.2m) though adjusted profit before tax was £1.7m, an increase of almost 100% over the previ
Read moreBrendan Murtagh cuts Kingspan stake
10th Jun 2009 16:53
A surge in the share price to a seven-month high has convinced Kingspan Group co-founder and director Brendan Murtagh to cash in part of his stake. Murtagh, who along with elder brother Eugene set up the Irish insulation board maker in 1972, sold 500,000 shares at €4.75 each, netting €2.4m. The sh
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