London midday: Shares in decline after busy morning, RBS sinks
27th Feb 2014 11:23
- FTSE down 47.55 points at 6,751.60 - Ongoing protests in Ukraine - Eurozone confidence beats consensus techMARK 2,883.75 -0.54% FTSE 100 6,744.70 -0.80% FTSE 250 16,392.95 -0.48% Stocks registered a sharp decline by lunchtime, as investor sentiment was dampened by unimpressive reports out from R
Read moreThursday broker round-up UPDATE
27th Feb 2014 09:55
Balfour Beatty: Berenberg moves target price from 340p to 350p and stays with a buy recommendation. Bodycote: FinnCap places both its target price (prev.: 620p) and its hold recommendation under review. Investec raises target price from 770p to 810p and keeps a buy recommendation. Numis upgrades fr
Read moreWPP 2013 margins hit by forex moves; to increase share buyback
27th Feb 2014 08:48
Advertising giant WPP said 2013 like-for-like revenue growth rose 3.5 per cent as the company lifted its share buy-back target, but admitted currency fluctuations in key markets had hit margins in the second half of the year. The company said it had made a "good start" to 2014, with January like-fo
Read moreLondon open: FTSE edges higher as investors weigh results, Eurozone data
27th Feb 2014 08:24
- FTSE opens marginally higher - Strong results from Capita, Whitbread - German jobless rate steady at 6.8 per cent techMARK 2,896.69 -0.10% FTSE 100 6,803.69 +0.07% FTSE 250 16,484.09 +0.08% The FTSE inched into positive territory this morning as strong results from Capita and an upbeat outlook f
Read moreLondon pre-open: Stocks to slide lower ahead of European data
25th Feb 2014 07:20
- FTSE to open 14 points lower - Focus on German Q4 GDP - Persimmon posts strong 2013 revenue UK stocks look set to largely ignore gains seen in both Asia and the US overnight to start the day's session in the red, as traders await data out from Germany and the European Commission. City sources pr
Read moreWPP to acquire Polish digital marketing firm Lemon Sky
25th Feb 2014 07:02
FTSE 100-listed WPP has agreed to acquire Lemon Sky, a leading creative digital marketing company in Poland. The group, which was founded in 2000 and employs around 70 people, specialises in producing digital advertising and campaign services, with clients including Nestle, Orange, and Tesco. In
Read moreWednesday broker round-up UPDATE
19th Feb 2014 08:33
Anite: Panmure Gordon lowers target price from 146p to 139p, while leaving its buy recommendation unaltered. Bank of Georgia: Canaccord Genuity increases target price from 2100p to 2400p, while leaving its hold recommendation unchanged. BHP Billiton: Investec raises target price from 1926p to 1985
Read moreFriday broker round-up UPDATE
7th Feb 2014 09:30
Acal: N+1 Singer initiates with a target price of 380p and a buy recommendation. AstraZeneca: Societe Generale ups target price from 3030p to 3126p, but still recommends selling. Barratt Developments: Deutsche Bank raises target price from 394p to 480p keeping a buy recommendation. Beazley: Canac
Read moreTuesday broker round-up UPDATE
4th Feb 2014 09:20
Alumasc: FinnCap ups target price from 142p to 167p and retains its buy recommendation. Barratt Developments: Barclays increases target price from 444.7p to 471.2p and keeps an overweight rating. Bellway: Barclays raises target price from 1498.1p to 1552.6p, but keeps an underweight rating. Berke
Read moreWPP to acquire media trading firm Bannaerconnect
3rd Feb 2014 14:02
Xaxis, a wholly-owned operating company of WPP, is set to acquire Bannerconnect, a media trading firm which specialises in providing infrastructure and services for digital media trading to publishers, advertisers and media agencies. Bannerconnect, which employs 40 people, generated revenue of €4.3
Read moreWPP acquires majority stake in South African firm
30th Jan 2014 09:30
WPP has acquired a majority stake in a South African mobile activation and rewards firm via its wholly-owned operating company Tenthavenue. The acquired company, The Mobile Airtime and Rewards Company (TMARC), was founded in 2010 and generated revenue of ZAR 60m (around £3.2m) in the year ended Fe
Read moreThursday broker round-up UPDATE
16th Jan 2014 08:59
Aberdeen Asset Management: Canaccord Genuity cuts target price from 586p to 540p, while its buy recommendation remains unchanged. Anglo American: UBS ups target price from 1500p to 1580p upgrading from neutral to buy. Antofagasta: Investec reduces target price from 716p to 685p maintaining a sell
Read moreWednesday broker round-up UPDATE
15th Jan 2014 08:42
African Barrick Gold: Liberum Capital downgrades to sell with a target price of 147p. Deutsche Bank lowers target price from 190p to 180p, while maintaining a hold recommendation. African Minerals: Deutsche Bank shifts target price from 410p to 414p and maintains a buy recommendation. Amlin: JP Mo
Read moreWPP buys stake in WVI Group
13th Jan 2014 10:33
Advertising giant WPP has agreed to buy an 80 per cent majority stake in the WVI Group, a joint venture holding company for a number of WPP brands in Russia. The deal is subject to regulatory approval. An agreement has also been made to purchase the remaining 20% stake in 2016. "This investment c
Read moreWPP to acquire Vietnamese marketing agency
10th Jan 2014 12:32
WPP, the FTSE 100 multinational advertising and public relations company, is set to acquire a full-service integrated marketing agency based in Vietnam. Marketeers Vietnam was founded 12 years ago and conducts promotional campaigns, activation and field marketing services. It employs 75 people a
Read more