FTSE 100 Movers: Admiral dives more than 28%
9th Nov 2011 13:02
Shares in insurance firm Admiral tanked by more than 28% this morning after it warned 2011 profits would be at the lower end of expectations due to a jump in personal injury claims. In its third quarter statement the firm had said it expected to report record profits for the full year, around 10%
Read moreLondon midday: Financials take a hit as Italian bond yields jump
9th Nov 2011 12:14
Despite a modest start, the Footsie took a tumble during morning trade and stood at its lowest levels of the day by lunchtime, as the focus turned to Italy's soaring borrowing costs. Financials were leading the decline on the blue chip index. ITALIAN BOND YIELDS KEEP ON RISING Yields on benchmark
Read moreUPDATE: Wednesday broker round-up: Goldman takes down Man and SSE
12th Oct 2011 09:16
Man: Goldman Sachs takes target price down to 230p from 290p. Scottish & Southern: Goldman Sachs adds to 'Conviction sell' list. Imperial Tobacco: Credit Suisse reiterates overweight. United Utilities: Morgan Stanley downgrades to 'neutral'. Robert Walters: Credit Suisse retains at neutral and
Read moreFriday tips round-up: TUI, United Utilities, Micro Focus
23rd Sep 2011 06:33
Travel group TUI is on course for pre-tax profits of about £360 million for the year to the end of September, putting the shares, off 4% at 148½p, on a little more than six times earnings, which looks cheap. They have lost about 40% of their value this year, not helped by the upheavals at rival Thom
Read moreLondon close: Markets dive on dismal global outlook
22nd Sep 2011 16:30
Gloomy comments from the Federal Reserve last night followed by even gloomier remarks by leading economists terrified the markets on Thursday, with benchmarks in the UK, Europe and the US suffering falls of between 3% and 5% as of 16:30. The FTSE 100 in London was nearly 5% down by the end of the se
Read moreBroker tips: Insurers, SABMiller, United Utilities
22nd Sep 2011 12:38
Credit Suisse has refreshed its views on the UK life insurance sector, staying positive with an outperform rating on Prudential, saying that it is a "structurally more attractive company given its geographic bias." Aviva is upgraded to outperform, as the broker thinks it has been oversold on Europe
Read moreBroker snap: United Utilities remains a safe haven, says Investec
22nd Sep 2011 12:36
With no surprises in United Utilities' trading statement on Thursday, Investec reiterated its buy rating as the water group said it was on track to meet its targets. "All is on track, and we think UU remains a safe haven in the present market environment," said analyst Angelos Anastasiou. The grou
Read moreUnited Utilities on track despite rising costs
22nd Sep 2011 12:04
Water group United Utilities has assured that it is on track to meet its targets for the six months ending 30 September, despite rising costs. "Current trading is in line with the group's expectations and the company's operational and efficiency initiatives continue to progress well," the firm said
Read moreLondon pre-open: Tin hats at the ready
22nd Sep 2011 07:18
Traders are strapping on their tin hats in expectation of a barrage of sell orders after the US Federal Reserve yesterday painted a gloomy picture of the growth prospects for the world's largest economy. "Information received since the Federal Open Market Committee met in August indicates that econ
Read moreHammerson finance boss lays foundations
15th Sep 2011 15:08
The finance boss of Hammerson Timon Drakesmith has upped his stake in the shopping centre owner, spending nearly £200,000 on shares. He bought 50,000 shares in the company, paying 384.99p a time. Drakesmith will be glad he didn't rush into buying the shares following his appointment in June. They
Read moreLondon close: Poor start on Wall Street fuels late sell-off
2nd Aug 2011 16:32
A poor start on Wall Street spurred a late decline in London on Tuesday, as the Footsie fell nearly 1% in afternoon trading, despite trading sideward for the majority of the day. The main US equity benchmarks are now trading firmly in the red following worse than expected economic numbers out in t
Read moreSunday tips round-up: United Utilities, Flybe, Hilton Food
24th Jul 2011 17:15
While they have underperformed the market in the last two years, and although not cheap in terms of its forward PE multiple, the Questor team at The Telegraph believes that shares of United Utilities remain a buy. The above is due to the long-term potential of the water sector and the security affor
Read moreUnited Utilities to pay 30p dividend
22nd Jul 2011 07:24
Water group United Utilities will pay a total dividend of 30p a share for the first year of the new five-year regulatory regime and plans to continue with its policy of paying a dividend 2% ahead of inflation, as measured by the Retail Price Index. Recent trading has been in line with expectations,
Read moreLondon close: Utilities provide late boost
27th Jun 2011 16:39
The Footsie closed near its daily highs after a strong start on Wall Street. Utilities stock lead the rise, while financials were lower. Utilities stocks finished higher, with United Utilities Group and Severn Trent making gains of nearly 3.7% and 2.2%, respectively. Financials were among the wors
Read moreLondon close: Stocks end flat ahead of Fed statement
22nd Jun 2011 16:44
After a poor start, the Footsie was pulled into positive territory for a brief moment but ended flat ahead of the Federal Reserve's decision over the interest rate and a possible QE3. Expectations are for the rate-setting committee to announce few changes, but one never knows for sure. There is now
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