Broker tips: Glaxo, Housebuilders, Retailers
23rd Feb 2010 13:03
US senators want GlaxoSmithKline to withdraw its antidiabetic Avandia on concerns it may increase the risk of heart attacks, but analysts at SocGen say this is unlikely. Glaxo maintains it shared all relevant information with the US Food & Drug Administration (FDA) and a 2009 study said it was unli
Read moreBroker snap: Housebuilders undervalued
23rd Feb 2010 11:24
With the housebuilding sector trading at a 30% discount to projected 2010 net tangible asset value Deutsche Bank thinks there are bargains to be had in the sector and has identified Barratt, Persimmon, Redrow and Taylor Wimpey as its top picks. The German bank is expecting the upcoming results sea
Read moreFTSE 250 movers: Chemring on the attack
19th Jan 2010 15:06
Strong demand for military equipment driven by continued conflict in Afghanistan helped the military decoy specialist Chemring post a jump in sales and profits in the year to October 31. The shares are among the best performing in the FTSE 250. Housebuilders are lower the day after Taylor Wimpey ga
Read moreLondon close: Good gains for FTSE 100
18th Jan 2010 16:33
Footsie finished the day in the blue despite a sharp reversal in the fortunes of International Power, which earlier had soared on speculation of a takeover by French power giant GDF Suez. Shares in the energy company slid from their earlier highs after it admitted it held talks with GDF Suez about
Read moreLondon afternoon: Stocks keep climbing
18th Jan 2010 14:49
Ongoing bid speculation, stronger retailers and buoyant miners have pushed London above 5,500. International Power is top of the pile on press reports that French power giant GDF Suez has made a takeover approach to the group, but there has been no statement from either side over the truth of the s
Read moreLondon midday: Good morning for blue chips
18th Jan 2010 12:20
London's leading share index has enjoyed a good morning on hopes of a bid for International Power and a higher offer for Cadbury. IP is up nearly 5% after press reports that French power giant GDF Suez has made a takeover approach to the group, but there has been no statement from either side over
Read moreLondon open: M&A rumours in focus
18th Jan 2010 08:19
London's blue chips have made a good start to the new week, with International Power leading the way on takeover rumours. International Power is up more than 5% after press reports that French power giant GDF Suez has made a takeover approach to the group. Cadbury is also among this morning's rise
Read moreLondon pre-open: Early gains ahead
18th Jan 2010 07:34
London's top stocks look set for a positive start to the week, with traders expecting Footsie to add around 30 points in early dealings. American food giant Kraft is reportedly preparing to raise its hostile offer for UK chocolate maker Cadbury before next week's final deadline. The new offer is
Read moreTaylor Wimpey sees continuing stabilisation
18th Jan 2010 07:02
Housebuilder Taylor Wimpey said market conditions in both the UK and North America during 2009 were better than those experienced during the previous year, although they still remained challenging. The group expects to report full year results for the year ended 31 December in line with forecasts
Read moreWeek Ahead: Taylor Wimpey, Land Securities, Kesa
15th Jan 2010 12:03
Taylor Wimpey will kick next week's results schedule off with a trading update that should see a continuation of the stabilisation the housebuilder was seeing back in November. Sector peers Bovis, Barratt Developments and Persimmon have all recently released relatively upbeat trading statements, t
Read moreFTSE 250 movers: Persimmon update lifts housebuilders
7th Jan 2010 12:58
Housebuilder Persimmon saw a rise in the number of home sales on which it achieved completions in the second half of 2009, but said it remains cautious on mortgage availability and the general economic situation. Peer Taylor Wimpey is leading the way, with Barratt Developments, Berkeley Holdings a
Read moreLondon close: Oils and pharmas shine
22nd Dec 2009 17:09
London equities added to the previous day's gains although a late pull-back ensured that rises were not as extensive as yesterday. Oil stocks and pharmaceuticals led the way higher. Cairn Energy enjoyed another strong day after it announced yesterday that it would start its drilling programme in G
Read moreLondon afternoon: Shares off the top
22nd Dec 2009 14:28
Leading shares came off the top over the lunch time period but most are still sporting reasonable gains, leaving the Footsie still within striking distance of its high for the year. Oil stocks are driving the index higher, particularly Cairn Energy and Royal Dutch Shell. Cairn Energy is enjoying
Read moreBroker tips: Housebuilders, Hunting
22nd Dec 2009 12:12
Goldman Sachs has turned bullish on two of the UK's biggest housebuilders, even though it sees little prospect of growth in house prices in 2010. The housebuilding sector has underperformed the market by around a quarter in the last three months, leaving the likes of Taylor Wimpey, Barratt Developm
Read moreLondon midday: Shell leads advance
22nd Dec 2009 11:50
With two of its five most heavily weighted constituents notching up rises in excess of 2%, the FTSE 100 had a good morning session. Royal Dutch Shell and GlaxoSmithKline are the two heavy hitters boosting the blue-chip index's performance. Oil giant Shell gets a boost from firmer oil prices while d
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