Dunelm director shows commitment to firm with share purchase
6th Mar 2012 15:48
Newly appointed director at Dunelm Matt Davies has underlined his loyalty to the homewares firm with the purchase of 4,500 shares. Davies, who joined the firm early last month, bought the shares for 499p each for a total of £22,455. Davies joined the firm after resigning from his job as head of
Read moreLondon close: Miners lead the decline as China cuts GDP forecast
5th Mar 2012 16:36
- Chinese growth forecasts dampens miners. - UK and Eurozone PMIs disappoint. - Steering Committee to participate in Greek debt swap. London's blue chip index fell to its lowest level of the day on Monday as concerns over the global economy dampened the mood. Miners bore the brunt of the sell-off i
Read moreLondon midday: China, Eurozone worries weigh on stocks
5th Mar 2012 11:49
- China cuts 2012 GDP target to 7.5%. - Eurozone/UK services PMIs disappoint. - German DSW recommends rejecting PSI deal. Stocks continued to fall by lunchtime on Monday, as the combination of disappointing economic data from the UK and Eurozone and some conservative growth forecasts from China wei
Read moreMonday broker round-up - UPDATE
5th Mar 2012 09:03
Weir: Citi cuts to sell from neutral, shaves target to 1,850p from 1,950p. Morrison: Oriel downgrades to sell from reduce. Tesco: Oriel downgrades to reduce from hold. Sainsbury: Oriel downgrades to hold from add. Serco: Bank of America downgrades to neutral from buy. Afren: Credit Suisse rais
Read moreFriday broker round-up - UPDATE
2nd Mar 2012 09:28
Man Group: UBS raises target from 160p to 165p, buy rating unchanged. WPP: UBS ups target from 840p to 920p, buy rating kept. Standard Chartered: AlphaValue downgrades from reduce to sell, price target upped from 1,413.8p to 1,425.9p. IMI: Panmure Gordon keeps buy rating and 1,020p target. Cairn
Read moreLondon close: Stocks rise on euro optimism
1st Mar 2012 17:00
- Greek CDSs will not be triggered, ISDA says. - Merkel may be willing to consider bailout fund increase. - Man Group surges after shaking up divi policy. - Tata weighing up a bid for Cable and Wireless Worldwide. It was a bullish start to March, with London's blue chips finishing close their hi
Read moreSector movers: Financial stocks lifted by Man
1st Mar 2012 15:58
A 10 percent rise in Man Group's share price pushed the financial services sector to the top the pile today after the hedge fund manager reported a more generous dividend policy and a slow-down in the net outflow of funds. The group said funds under management (FUM) at the end of February clocked i
Read moreFTSE 100 movers: Going overboard on Man
1st Mar 2012 12:29
Investors were going overboard on Man Group following the announcement of a more generous dividend policy and a slow-down in the net outflow of funds at the hedge fund manager. The group said funds under management (FUM) at the end of February clocked in at around $59.5bn, up from the end of 2011
Read moreBroker tips: Man Group, Weir, WPP
1st Mar 2012 12:24
Credit Suisse has reiterated its outperform rating for hedge fund manager Man Group after the firm adjusted its dividend policy and announced a positive start to trading in the current calendar year. While the broker notes that the results were as expected, it highlights the revised dividend policy
Read moreBroker snap: Panmure downgrades Weir to hold
1st Mar 2012 12:23
Panmure Gordon has downgraded its rating for engineering firm Weir from buy to hold, saying that 'life is simpler elsewhere'. "During its bear raid in January, we were relaxed that the aftermarket dynamics in the unconventional oil and gas market would save the day. Looking at its aftermarket input
Read moreLondon midday: Stocks rise with Eurozone in focus
1st Mar 2012 11:45
- Merkel willing to consider bailout fund increase. - Man Group surges after shaking up divi policy. - Tata weighing up a bid for Cable and Wireless Worldwide. -Italian and Spanish long-term bond yields fall below 5%. London's FTSE 100 index was trading at its highest levels of the day by lunchtime
Read moreThursday broker round-up - UPDATE
1st Mar 2012 09:33
RBS: Berenberg downgrades to sell from buy. Randgold Resources: Nomura maintains buy rating and 9,850p target. BG Group: Nomura maintains buy rating and 1,865p target. WPP: Nomura maintains buy rating and 990p target. BAE Systems: UBS ups target from 320p to 360p, buy rating unchanged. Capita:
Read moreLondon open: Man Group leads the rise early on
1st Mar 2012 08:46
- Man Group surges after shaking up divi policy. - Chinese manufacturing continues to expand. - Tata weighing up a bid for Cable and Wireless Worldwide. London's blue chips edged higher on Thursday morning, helped by a strong rise performance by Man Group. Meanwhile, Chinese manufacturing data help
Read moreWeir issues bid deadline reminder
1st Mar 2012 07:23
Scottish engineering group Weir is nervously awaiting the outcome of the Review Panel of the Australian Takeovers Panel regarding the bid battle for Ludowici, and has reminded the Aussie mining equipment supplier's shareholders that its offer will remain open for acceptance until six hours past the
Read moreThursday tips round-up: Sportingbet, Restaurant Group, Weir
1st Mar 2012 06:54
The Times's Tempus column ponders whether Sportingbet is worth a gamble. It's making a lot of money in Australia while its Spanish and Greek operations are beginning to fall under proper regulation. That is key for Sportingbet because in order to make itself an interesting morsel for one of the bigg
Read more