FTSE 250 movers: JD Sports surges on beefed up profit forecast, Moneysupermarket drops as Lewis sells shares
31st Jul 2015 15:12
(ShareCast News) - London's FTSE 250 index was up 0.6% at 17,618.23 at 14:51 BST, with online retailer JD Sports Fashion pacing the advance. Shares in JD Sports Fashion surged after the company said it expects its full-year profit to be 10% ahead of current market forecasts of around £110m, as tradi
Read moreVesuvius interim profit declines on lower output
31st Jul 2015 09:40
(ShareCast News) - Vesuvius reported a decline in interim pre-tax profit due to a decline in global steel output and inventory volumes, which dragged revenue lower in the first half. The molten metal flow engineering company said its pre-tax profit declined 6.1% year-on-year to £37.9m, while the dro
Read moreTuesday broker round-up
23rd Jun 2015 08:03
Acacia Mining: Morgan Stanley keeps at equalweight, raises target to 285p from 251p. BHP Billiton: Morgan Stanley stays at equalweight and lifts target to 1,250p from1,150p. Anglo American: Morgan Stanley reiterates underweight and lowers target to 850p from 920p. Antofagasta: Morgan Stanley still
Read moreFriday tips round-up: Old Mutual, Vesuvius
15th May 2015 16:06
Old Mutual's latest quarterly results revealed gross sales up by almost a fifth, mostly thanks to its UK-based wealth management unit. Yet the company continues to be dogged by pressures to give up its London domicile and listing. The firm still obtains two-thirds of its operating profits from South
Read moreFTSE 250 movers: Keller hit by delays and weak US market, property stocks surge
14th May 2015 12:57
UK stocks rebounded from early losses by mid-afternoon, but recovery remained capped by concerns of Greek instability. Sector-wise, miners and computer services provided the biggest drag, while property stocks and insurers provided a welcome boost. At 2:30 BST, the FTSE 250 was trading 50 points hig
Read moreVesuvius still expects to meet forecasts despite falling revenues in first quarter
14th May 2015 09:17
Metal flow engineering group Vesuvius said on Thursday that, despite a decline in revenues during the first quarter of the year, it expects full-year results to be in line with market expectations. Revenues declined by 2% to £474.9m and by 1.3% at constant currencies due to reduced activity in the U
Read moreLondon open: Lloyds beats forecasts but markets fall ahead of long weekend
1st May 2015 09:05
London stocks fell on Friday despite a better-than-expected first quarter from Lloyds Banking Group as investors were treading carefully in the absence of trading across Europe. The FTSE 100 was down 0.51% at 6,924.94 early on, with most equity markets on the continent closed for May Day. Analyst C
Read moreSmiths Group steals Vesuvius CFO Chris O'Shea
1st May 2015 07:36
Technology outfit Smiths Group has appointed Vesuvius' chief financial officer Chris O'Shea as its new finance director. O'Shea, who previously held senior finance posts at BG Group and Shell, replaces Peter Turner who stepped down last week to return to his position as vice president of global fina
Read moreFTSE 250 movers: Vesuvius plummets on downgrade, energy stocks higher
15th Apr 2015 13:08
Shares in metal flow engineering group Vesuvius dropped sharply after analysts at JPMorgan lowered their stance on the stock from 'overweight' to 'neutral', citing weak steel production in the US. The price target was lowered to 510p from 531p previously. JD Sports was trading higher after sprinting
Read moreLondon midday: Stocks at new all-time high on Chinese stimulus hopes
15th Apr 2015 11:38
UK stocks were at a new record on Wednesday with investors looking on the bright side of weak economic from China, with hopes for further stimulus from Beijing pushing miners higher. Chinese economic growth slowed to a six-year low, while growth in fixed-asset investment, industrial production and r
Read moreBroker tips: Next, Burberry, Bunzl, Tullow, Vesuvius
15th Apr 2015 11:24
UK high street retailer Next raced up the FTSE 100 index on Wednesday after JPMorgan lifted its rating on the company to 'overweight' from 'neutral'. While JPMorgan favours Marks & Spencer stock on three-to-six month view for its ongoing turnaround potential, the US investment bank sees scope for Ne
Read moreVesuvius hit by JPMorgan downgrade on weak US steel output
15th Apr 2015 09:45
Shares in metal flow engineering group Vesuvius dropped sharply on Wednesday after analysts at JPMorgan Cazenove lowered their stance on the stock from 'overweight' to 'neutral'. The bank said weak steel production in the States has prompted it to cut forecasts for Vesuvius's earnings per share this
Read moreWednesday broker round-up
14th Apr 2015 18:58
Bunzl: Investec reiterates hold with 2,00p target. Michael Page: JP Morgan Cazenove reiterates neutral and lifts target to 490p from 479p. Vesuvius: JP Morgan Cazenove downgrades to neutral. Next: JP Morgan Cazenove lifts recommendation to overweight with a 7,700p target, up from 7,100p. Greggs:
Read moreTuesday broker round-up
24th Mar 2015 14:42
Legal&General: Canaccord Genuity reiterates hold and raises target to 290p from 240p. Standard Chartered: JP Morgan Cazenove reiterates overweight and lifts target to 1,250p from 1,050p. Vesuvius: Credit Suisse reiterates underperform and hikes target 460p from 405p. Marks&Spencer: Investec reit
Read moreWednesday broker round-up
18th Mar 2015 12:41
Johnson Matthey: Deutsche Bank reiterates buy and 3,850p target. BAE Systems: Morgan Stanley lifts target to 570p from 515p and reiterates equalweight. BT Group: Nomura and UBS reiterate buy. Ashtead Group: UBS raises target to 1,130p from 1,070p and reiterates neutral. Rotork: Morgan Stanley imp
Read more