Broker tips: Burberry, Weir Group, Aggreko
15th Oct 2009 12:00
Luxury fashion group Burberry has enjoyed an excellent run since joining the ranks of the FTSE 100 and its good fortune continues today after JP Morgan raised its target price on the group. After yesterday's well-received trading update, in which Burberry reported a better-than-expected 5% rise in
Read moreBroker snap: Mining revival a boon for Weir Group
15th Oct 2009 11:38
Broker Panmure Gordon has been casting its eye over some positive developments in the global mining sector and concludes that Weir Group, which supplies engineering services to the mining and oil & gas industries, ought to be one of the beneficiaries. Among the positive signs have been yesterday's
Read moreThursday tips round-up: Weir, Hilton Food, De La Rue
17th Sep 2009 06:11
Capital expenditure by miners shows signs of picking up, leaving Weir's onshore US gas activities as its biggest weakness. But at 678p, down 20p, or 15 times next year's earnings, this is no time to sell out. A solid hold, according to the Times. Hilton Food's shares are trading on a December 2009
Read moreLondon close: Footsie nears 52-week high
16th Sep 2009 17:03
London raced ahead today, with the FTSE 100 crashing through the 5100 barrier near to a 12-month high, though it stopped short of racking up a triple-digit rise. Mining stocks were responsible for a large proportion of the index's rise as metals prices headed north following comments from Federal
Read moreLondon afternoon: Footsie consolidates gains
16th Sep 2009 14:30
The number of FTSE 100 constituents in the red today is in single figures as investors chase up share prices in the wake of relatively upbeat comments from Federal Reserve Chairman Ben Bernanke last night. Bernanke said the US recession 'is very likely over at this point,' prompting an advance by gl
Read moreFTSE 250 movers: Dunelm gives back gains
16th Sep 2009 12:32
Shares in Dunelm Group give back some of the strong gains they posted yesterday when the homewares retailer said it had seen a big rise in sales in the early part of the new financial year. Carpet group Carpetright is also lower, adding to recent losses. Weir Group is lower after the engineer anno
Read moreLondon midday: Footsie breaks through 5100
16th Sep 2009 11:58
Leading shares rose steadily throughout the morning session pushing the FTSE 100 index through the 5100 barrier. Mining stocks are responsible for much of the rise as metals prices head north after Federal Reserve Chairman Ben Bernanke said the US recession 'is very likely over at this point' in a s
Read moreLondon open: Bright start for Footsie
16th Sep 2009 08:42
London's blue chips have made a strong start following on from Wall St's rise after US Fed chief Ben Bernanke called the US recession over. Miners are pushing on in sympathy with Bernanke's comments led by the majors Xstrata, Rio Tinto and Anglo American. Tullow Oil is the best performer after the
Read moreLondon pre-open: Higher start expected
16th Sep 2009 07:46
Shares are expected to open higher in early dealings, with the FTSE 100 edging further above the 5,000 point mark. Fashion retailer Next enjoyed better than expected progress in the first half, but kept its 'conservative' forecasts for second half like for like sales unchanged. Pre-tax profit for t
Read moreWeir Group loses chief executive
16th Sep 2009 07:19
Mark Selway, chief executive of the engineering group Weir, is to leave the company to take up a position with Australian building materials supplier Boral. He will be replaced by Keith Cochrane, currently finance director of Weir. Cochrane, who joined Weir in 2006, is a former finance boss of ener
Read moreDenham's London Capital stake nears 16%
24th Aug 2009 15:57
London Capital Group's finance boss Simon Denham has taken his stake in the spread betting firm closer to 16% with the purchase of another 200,000 shares. Denham, co-founder of financial spread betting unit Capital Spreads, paid £360,000 or 180p each, for the shares. He now owns 6.1m shares, or 15.
Read moreLondon close: Footsie finishes just down
4th Aug 2009 16:33
London staged a late rally but still finished just in the red as financials weighed and the US started in tepid fashion. Asia-focused bank Standard Chartered was the biggest faller of the day after saying it is to raise £1bn through a placing. It posted solid first half figures with profits up by 1
Read moreLondon afternoon: Footsie has rare down day
4th Aug 2009 15:02
Footsie is having a poor day with financial and miners weak and a flat start to trading on Wall Street. Insurer Legal & General set the downbeat tone by slashing its interim dividend by 45% after posting a loss of £1bn on a European embedded value (EEV) basis. The half-year dividend has been cut t
Read moreSector movers: L&G casts cloud over insurers
4th Aug 2009 12:54
Life Insurance is worst of the bunch after Legal & General reported after a 92% plunge in operating profit and a 45% cut in the dividend. European embedded value (EEV) operating profit rose 12% to £657m for the six months to 30 June, up from £589m a year ago, but it slumped to £31m from £391m on a
Read moreBroker tips: Weir, Home Retail, Kingfisher
4th Aug 2009 12:21
Weir Group's prediction that it will achieve profits at the upper end of its previous guidance has cheered KBC Peel Hunt and the broker lifts its price target on the engineer to 690p from 550p. Weir's cheery outlook came as it posted a 12% rise in both pre-tax profits and revenues, helped by a stro
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