Monday broker round-up UPDATE
12th May 2014 10:06
Atkins (WS): Numis upgrades from add to buy with a target price of 1650p. Barclays: Credit Suisse moves target price from 260p to 275p and retains a neutral rating. Brit: Numis initiates with a target price of 290p and a buy recommendation. British Sky Broadcasting: JP Morgan raises target price
Read moreLondon midday: Stocks pull back on earnings, Petrofac plummets
9th May 2014 11:35
- Petrofac delivers profit warning, IAG and Friends Life fall - Stocks pull back from recent highs - Chinese inflation slows to 18-month low techMARK 2,789.07 -0.65% FTSE 100 6,817.83 -0.31% FTSE 250 15,908.47 -0.38% UK stocks retreated from a near 11-week high on Friday with a raft of disappointi
Read moreLondon open: Petrofac leads fallers as stocks pull back from 11-week high
9th May 2014 08:31
- Petrofac drops after profit warning - FTSE 100 pulls back from highest since Feb 24th - IAG impresses with first quarter, Friends Life falls techMARK 2,792.72 -0.52% FTSE 100 6,823.10 -0.24% FTSE 250 15,899.90 -0.43% UK stocks pulled back from its highest level in nearly 11 weeks on Friday morni
Read moreWPP purchases South African digital marketing agency
6th May 2014 12:41
Advertising and public relations company WPP has added Quirk, a digital marketing agency, to its long list of subsidiaries. Quirk, which employs 200 people, is the largest agency of its kind in Africa. Its clients include Distell, Capitec Bank, Woolworths, Caltex and Tyco. In the 12 months ended
Read moreFTSE 100 movers: RBS climbs on strong Q1
2nd May 2014 14:54
RBS pleased investors after saying that pre-tax profit surged to 1.64bn pounds in the first three months of 2013, up from 826m pounds the year before and ahead of forecasts. This came despite a 2% fall in income to £5.05bn, as expenses fell 6% and impairment losses dropped 65%."The first-quarter [
Read moreWPP acquires Turkish media group aMVG
2nd May 2014 09:47
Communications services giant WPP has acquired mobile media agency and mobile technology company aMVG (Aerodon) to strengthen its capabilities in digital media. The Turkey-based media group, which was founded in 2002, provides services such as mobile marketing campaigns, loyalty platforms and appli
Read moreFTSE 100 movers: Lloyds takes top spot after strong Q1, TSB float
1st May 2014 14:32
Domestic lender Lloyds rose into the top spot after saying that underlying profits rose by over a fifth in the first quarter and it continues to expect to apply to regulators in the second half to restart dividend payments. That came as it announced TSB bank is due to float in London before the end
Read moreWPP acquires Canadian digital marketing agency Twist Image
1st May 2014 14:03
Communications services giant WPP has acquired Canadian creative digital marketing agency Twist Image Multimedia Inc.. In 2013 the firm generated unaudited revenues of CAD $13.4m, with year-end gross assets of almost CAD $6m. The company, which was founded in 2000, employs 100 people and include
Read moreFTSE 100 movers: Pearson leads risers, while Tullow sits in last place
25th Apr 2014 14:13
Bernstein Research helped educational publisher Pearson higher after it said it is set to cash in on a shake-up of education services in the US, in spite of taking a hit from currency volatility. Bernstein says Pearson, which gets about 60% of its sales from the US, is likely to benefit from Common
Read moreLondon midday: Stocks fall as Ukraine crisis offsets UK retail sales
25th Apr 2014 11:44
- Ukraine tensions prompt profit taking - S&P downgrades Russia - UK retail sales beat forecasts - Pearson and William Hill gain after updates, Tullow falls techMARK 2,754.20 -0.20% FTSE 100 6,679.08 -0.36% FTSE 250 15,950.90 -0.26% UK stocks were trading with small losses on Friday, pulling back
Read moreLondon open: Stocks pull back from seven-week high on Ukraine crisis
25th Apr 2014 08:35
- Ukraine-Russia tensions continue to rise - William Hill, Pearson and WPP impress with updates - Tullow drops after abandoning well techMARK 2,746.73 -0.48% FTSE 100 6,682.14 -0.31% FTSE 250 15,946.28 -0.28% UK markets retreated from a seven-week high on Friday morning as rising tensions between
Read moreWPP beats forecasts despite adverse currency movements
25th Apr 2014 07:03
- Currency movements weigh on top line - Revenues still ahead of forecasts - Profits, margins ahead of budget - Outlook upbeat The recent strength in sterling had a big impact on WPP's top line in the first quarter, limiting revenue growth to just 1.5 per cent, but results from the media and advert
Read moreWPP subsidiary to create new company with Chinese partner
23rd Apr 2014 12:22
Advertising and marketing services group WPP on Wednesday said its wholly-owned out of home advertising business, tenthavenue, is set to form a new company with Shanghai Media Group's BesTV New Media company. The new company, Bestenth Media (Shanghai) Co, will enter the out of home digital and mob
Read moreWPP's Kantar snaps up XTEL in Italy
22nd Apr 2014 11:27
Marketing behemoth WPP, via its wholly-owned data and consulting business Kantar Retail, has acquired Italian sales automation software provider XTEL. XTEL made revenues of €8.3m in calendar 2013 and had gross assets at year end of €0.8m. The Bologna-based business's software allows its customers,
Read moreWPP's Kantar buys The Data Republic
2nd Apr 2014 09:54
WPP's Kantar Media has bought the entire issued share capital of The Data Republic, a social media data analytics agency in Spain. Kantar will gain access to The Data Republic's proprietary technology including "Tuitele", which collects, measures, analyses and creates visualisations of social media
Read more