London close: Miners drag as Chinese data weighs on sentiment
10th Mar 2014 16:55
- FTSE closes down 23.22 at 6,689.45 - China registers surprise trade deficit - Japan GDP revised lower - BCC increases growth forecast techMARK 2,845.16 -0.52% FTSE 100 6,689.45 -0.35% FTSE 250 16,451.20 -0.65% It was a negative finish for the FTSE today, dragged lower by miners on the back of po
Read moreFTSE 250 movers: Savills climbs on reports of partnership deal
10th Mar 2014 13:45
Savills rose on the news the real estate advisor had agreed a new partnership with McGuire Real Estate, the San Francisco-based real estate brokerage. Water regulators have given a boost to Pennon Group, pushing the stock firmly higher after saying its regulated water utility, South West Water, has
Read moreBroker tips: Mondi, AB Foods, Centrica, Taylor Wimpey
10th Mar 2014 12:05
Citigroup has upgraded its rating for Mondi from 'neutral' to 'buy' and raised the target price from 1,110p to 1,260p, saying it sees "another strong year ahead" for the paper and packaging group. "Mondi continues to deliver strong earnings driven by improvements in costs, acquisitions and volume g
Read moreNumis cuts Taylor Wimpey to 'hold'
10th Mar 2014 11:13
Numis Securities has downgraded house builder Taylor Wimpey from 'add' to 'hold' but has lifted its estimates after the company's 2013 results and the cash return revealed last month. Full-year profit before tax (PBT) grew by 47.6% to £268m last year, in line with the broker's prediction. However
Read moreFTSE 250 movers: Soco Intl leaps after beating own production guidance
5th Mar 2014 15:01
Soco International beat its own 2013 oil and gas production volume guidance, pumping just shy of 17,000 barrels of hydrocarbons per day. Revenues fell 2.2% to $608.1m, with earnings before interest, tax, depreciation, amortisation and a non-cash $92m exploration write-off down 4.7% to $472.9m. Cana
Read moreSector movers: Housebuilders, miners lead the fallers
5th Mar 2014 14:52
Construction and housing stocks were hit by cautious comments from analysts on Wednesday, while miners were dampened by concerns over growth targets from top metals consumer China. Credit Suisse weighed on sentiment in the housebuilding sector today after downgrading its rating for the category fro
Read moreBroker tips: Housebuilders, Melrose, Intertek, SOCO International
5th Mar 2014 13:10
Credit Suisse has downgraded its rating for the UK housebuilding sector from 'overweight' to 'market weight', telling investors that it is time to take profits. "To be absolutely clear we are not calling the top of the UK housing cycle, rather we are calling the top of the equity story, as we belie
Read more'Take profits' on UK housebuilders after strong run, says Credit Suisse
5th Mar 2014 10:29
Credit Suisse has downgraded its rating for the UK housebuilding sector from 'overweight' to 'market weight', telling investors that it is time to take profits. After the "very significant move" in share prices and valuations across the sector, the bank said this is "as good as it gets", removing i
Read moreThursday tips tound-up: AO.com, Travis Perkins
27th Feb 2014 07:10
White goods online retailer AO.com makes a lot of staff being 'positive', which is all well and good. Unfortunately, investors in the company also seem to be taking the company's advice, which may end in tears. On the day of its flotation, markets duly pushed the outfit's market capitalisation up to
Read moreBroker tips: Vodafone, Tesco, Taylor Wimpey
26th Feb 2014 12:50
Barclays sees several challenges ahead for Vodafone post-Verizon Wireless, not least increasingly tough European mobile trends for the group and how it can make best use of its underleveraged balance sheet. More intriguingly, there is the ongoing press speculation that a bid by AT&T is looming for
Read moreTaylor Wimpey announces multiple board changes
26th Feb 2014 11:07
Residential development group Taylor Wimpey announced the retirement of Tony Reading, Chairman of the remuneration committee. Reading, who is also an independent non-executive director, will be retiring from the company at the annual general meeting which will be held on April 17th. Succeeding Re
Read morePanmure Gordon reviews forecasts for Taylor Wimpey
26th Feb 2014 10:40
Broker Panmure Gordon is reviewing its forecasts for Taylor Wimpey following "strong" annual results, but said it was keeping a 'hold' recommendation on the house-builder for the time being. Panmure said it was likely to raise its earnings per share forecast on Taylor by between 1% and 3% after Tay
Read moreLondon pre-open: FTSE to open flat as investors weigh data
26th Feb 2014 07:27
- Flat start expected on FTSE - US data disappoints - Focus to be on UK GDP revision, German consumer confidence UK stocks are set for a broadly flat start this morning as investors digest a slight decline in the US and a mixed finish in Asia overnight, ahead of an announcement due out on UK gross
Read moreTaylor Wimpey hails UK housing recovery as FY profits rise
26th Feb 2014 07:00
Housebuilder Taylor Wimpey said the UK housing market was showing "significant recovery" for the first time in five years as it increased annual operating profits by 39 per cent to 312.9m pounds. The group, whose revenue in the year to December 31st rose 13.7% to £2.3bn, also said it was returning
Read moreLondon pre-open: FTSE to extend Tuesday's gains
15th Jan 2014 07:40
- FTSE to open 16 points higher - US markets recover on retail sales data - Quiet day expected with focus on earnings City sources predict the FTSE 100 will open 16 points above yesterday's close of 6,766.86, building on Tuesday's modest rise of 10 points late in the session. Overnight, US market
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