FTSE 250 movers: UBM sinks on profit plunge
22nd Oct 2013 15:34
Shares in media company UBM sank today after the company posted a decline in operating profit, hit by softening conditions in certain markets and a slower summer period, and warned on its full-year underlying revenue growth. The figure is now expected to be at or slightly below the bottom of its gu
Read moreUBM warns on full-year revenue growth
22nd Oct 2013 08:50
- Group warns on revenue growth - Operating profit down 4.3 per cent Shares in media company UBM sank on Tuesday after the company posted a decline in operating profit, hit by softening conditions in certain markets and a slower summer period, and warned on its full-year underlying revenue growth.
Read moreTuesday broker round-up UPDATE
22nd Oct 2013 08:02
Aggreko: JP Morgan reduces target price from 1800p to 1620p reiterating a neutral rating. Alexander Mining: Northland Capital shifts target price from 6p to 8.10p and keeps a buy recommendation. APR Energy: JP Morgan increases target price from 1075p to 1150p and maintains an overweight rating. B
Read moreWednesday broker round-up UPDATE
16th Oct 2013 08:26
Anite: Northland Capital reduces target price from 160p to 120p, while staying with its buy recommendation. Panmure Gordon cuts target price from 177p to 142p and keeps a buy recommendation. Jefferies takes target price from 160p to 110p, while leaving its buy recommendation unchanged. Canaccord Gen
Read moreFriday broker round-up UPDATE
11th Oct 2013 08:51
Barratt Developments: Deutsche Bank moves target price from 365p to 391p reiterating its buy recommendation. Bovis Homes Group: Deutsche Bank raises target price from 901p to 1001p and keeps a buy recommendation. Croda International: Liberum Capital downgrades to hold with a target price of 2480p.
Read moreInterview: Allianz Global Investor´s Gergel sees promise in big oil companies
10th Oct 2013 16:04
Markets have been quite unsettled of late due to the uncertainty regarding the budget stand-off on Capitol Hill. The most recent market reports indicate that House Republicans may bring a bill to raise the federal government's debt limit for six weeks to the floor in an apparent bid to avoid furth
Read moreLondon pre-open: Small decline expected in early trade
27th Sep 2013 07:12
City sources predict the FTSE 100 will open down around eight points from Thursday's close of 6,565.59, as investors weigh up the recent raft of data both at home and abroad. Mark Carney, the Bank of England Governor, has reportedly said that he sees no reason to continue bond-buying following sig
Read moreUBM offloads magazine and IT channel
27th Sep 2013 07:00
UBM, the global events-led marketing services and communications company, has agreed to sell both its Property Week print magazine and 70% of its North American IT channel. The disposals will raise a combined total of around £8.5m. The magazine, along with its related products, was sold to Metrop
Read moreVedanta Deputy Executive Chairman trades in 50,000 shares
20th Sep 2013 08:22
Navin Agarwal, the Deputy Executive Chairman, of mining group Vedanta, on Thursday disposed of 50,000 shares, reducing his stake to 167.53m. The director sold the stock at 1,174p a time, earning himself £587,000. This week the company welcomed Tom Albanese, the former Chief Executive of Rio Tint
Read moreMonday broker round-up
16th Sep 2013 12:13
AEC Education: WH Ireland places both its target price (prev.: 11p) and its recommendation under review. Aggreko: Citi reduces target price from 2100p to 2000p leaving its buy recommendation unaltered. Allergy Therapeutics: Panmure Gordon lowers target price from 18p to 16p, while keeping its buy
Read moreUBM's CEO steps down
16th Sep 2013 07:29
UBM's Chief Executive Officer (CEO) David Levin is stepping down from the multinational media company next July. Chairman Helen Alexander will lead a search for the replacement of Levin who will remain in the role until a successor is found. Levin has been CEO since 2005, during which time he hel
Read moreWednesday broker round-up UPDATE
11th Sep 2013 08:14
Advanced Medical Solutions: Panmure Gordon moves target price from 90p to 102p and reiterates a buy recommendation. Amara Mining: Numis shifts target price from 40p to 45p retaining its buy recommendation. Anite: Numis cuts target price from 155p to 128p and downgrades to hold. Ashmore Group: Ban
Read moreLondon close: Syrian crisis hits stocks despite upbeat economic data
27th Aug 2013 16:30
Data showing improving confidence in Germany and the States wasn't enough to lift markets on Tuesday as investor sentiment was rattled by escalating tensions between Syria and the West. Business confidence in Germany improved across the board in August as the Eurozone's largest economy continues to
Read moreTuesday broker round-up UPDATE
27th Aug 2013 09:14
Admiral Group: JP Morgan ups target price from 1108p to 1122p staying with its underweight rating. Antofagasta: Investec places its target price (prev.: 707p) under review and retains a sell recommendation. Berendsen: HSBC increases target price from 745p to 900p and reiterates a neutral rating.
Read moreMorgan Sindall CEO sells 500,000 shares
9th Aug 2013 15:42
The founder and Chief Executive Officer (CEO) of Morgan Sindall has trimmed his stake in the construction and regeneration company to under a tenth over three millions pounds-worth of shares. John Morgan sold 500,000 shares (equal to a 1.16% holding) at a price of 665p each for a total of £3.3m, ta
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