Thursday tips round-up: Interserve, Inmarsat, Weir Group
11th Aug 2011 06:35
These are busy times for Interserve. The group's support services side does work for a number of London boroughs and for the Metropolitan Police, including running the CCTV control centres at Croydon and Ealing. The shares, up 10.5% to 326½p yesterday, sell on a relatively inexpensive earnings multi
Read moreLondon open: Flat start as Antofagasta and Vedanta rally
9th Aug 2011 08:26
Stocks are flat this morning, despite the predictions of a resumption of the slide, though recent volatility suggests it would be foolish to rule that out. Miners are rallying from hefty losses, yesterday, with South American copper group Antofagasta and India's Vedanta posting big gains. Precious
Read moreLondon pre-open: Footsie spinning its wheels
2nd Aug 2011 07:36
Stocks are set for an indecisive start, with bears pointing to weaker than expected US manufacturing data and bulls focussing on the successful passage through the US House of Representatives of the budget deficit reduction bill last night. City traders expect the FTSE 100 will open a couple of poi
Read moreWeir raises expectations
2nd Aug 2011 07:13
High-flying Scottish engineering company Weir Group is set for an even better year than it previously expected, as new orders streamed in during the first half of the year. Order input shot up 43% to £1,225m in the first half of 2011 from £859m in the corresponding period of 2010. Revenue grew 33%
Read moreTuesday preview: Barclays, Weir, Moneysupermarket.com
1st Aug 2011 16:34
Having had time to digest the results from HSBC, next up on the banking results menu is Barclays. It has been just over three months since the bank updated the market, and last we heard, trading in April had seen a continuation of the trends seen in the first quarter. Broker Charles Stanley forecas
Read moreBroker snap: Buy Weir, says Galvan
26th Jul 2011 11:11
Galvan Research and Trading recommends to buy engineering solutions provider Weir Group, highlighting the group's confidence in achieving good progress in 2011. On 4 May, Weir said it expected pre-tax profit for the year ending 31 December to be around £20m ahead of its previous expectations follow
Read moreLondon close: Footsie closes higher, despite afternoon sell-off
22nd Jul 2011 16:31
After a solid start on the back of positive developments in Europe, the Footsie trimmed gains in the afternoon as investors looked to lock in profits following a strong finish on Thursday. Despite touching as high as the 5,967 level before midday, the Footsie steadily declined to close at 5,935. Me
Read moreFTSE 100 movers: Financials mixed as investor lock in profits
22nd Jul 2011 14:18
The financial sector was mixed on Friday, despite rising strongly early on following yesterday's Eurozone deal to bailout Greece. Shares soared on Thursday after the region's leaders agreed a new aid package for Greece and an overhaul of the Eurozone sovereign rescue fund. While RBS bucked the tre
Read moreThursday tips round-up: Imagination, AstraZeneca, Sepura
23rd Jun 2011 06:50
Imagination Technologies takes licensing payments when a chipmaker adopts its technology and then royalties when the completed chips are used in their end product, a mobile phone, tablet or whatever. The problem for the market is twofold. One, the shares are on a multiple that, even for the sector,
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
Read moreFTSE 100 movers: Man Group leads the recovery
22nd Jun 2011 15:33
Hedge fund manager Man Group is the high riser of the day, pulling the Footsie back into positive territory, after some kind words from Credit Suisse. Man is "moving in the right direction", according to the Swiss brokerage, who upgraded the firm from a 'neutral' to an 'outperform' rating. "Clearly
Read moreWeir buys Korean valves partner
22nd Jun 2011 08:57
Scottish engineer Weir is extending its global reach with the acquisition of a majority interest in a South Korean valves business. Weir has agreed to acquire 60% of a new Korean company, Weir International, into which the the valves business formerly operated by HIM Tech has been transferred. The
Read moreFTSE 100 movers: Autonomy leads the decline
16th Jun 2011 14:12
Just three stocks are making gains, with WPP, Capita and Vodafone edging slightly higher. Meanwhile, Autonomy is the worst performer on the blue chip index, losing over 4%. Engineering peers GKN, IMI and Weir are also lower. The miners are lower today, as global growth fears dampen the markets. Lo
Read moreLondon close: FTSE 100 rallies despite retail gloom
9th Jun 2011 16:31
Shares rallied in the afternoon after a good start on Wall Street where stocks won back some recent losses. Engineer Weir Group was the highest riser after its earnings estimates were lifted by RBC Capital Markets. There have also been reports today that two companies in China have been given fine
Read moreSector movers: Home Retail drags retailers into the red
9th Jun 2011 16:06
Unsurprsingly, the retailing sector is the worst performing sector on Thursday, after Home Retail Group took a dive. Home Retail has taken a plunge after revealing an 8.1% fall in sales at its catalogue-based retailer Argos in the 13 weeks to 28 May. "Trading conditions, particularly at Argos, have
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