Enterprise Inns bosses sell shares
17th May 2010 15:43
Bosses at the pub group Enterprise Inns have been offloading hefty stakes in the company. Chief financial officer David George sold the biggest stake, netting more than £250,000. He sold 195,511 shares at 130.2p a time and now has 2m, or 0.4% of the company. Chief executive Ted Tuppen sold 166,000
Read moreBroker tips: WPP, Standard Chartered, Barclays
4th May 2010 12:58
Panmure Gordon has raised its target price for advertising giant WPP Group though its praise for the group's first quarter performance could not be described as gushing. Panmure Gordon rated the first quarter showing as no more than "reasonable", with the key positives from the update being upgrade
Read moreBroker snap: Panmure upgrades WPP price target
4th May 2010 12:16
Panmure Gordon has raised its target price for advertising giant WPP Group though its praise for the group's first quarter performance could not be described as gushing. Panmure Gordon rated the first quarter showing as no more than "reasonable", with the key positives from the update being upgrade
Read moreLondon close: Weak finish for FTSE 100
30th Apr 2010 16:42
A poor start in the US added to Footsie's woes, sending the leading share index deep into the red by the trade of closing going into the weekend. Mining stocks were a drag on the index with BHP Billiton and Rio Tinto lower ahead of the release over the week-end of the Australian government's review
Read moreLondon afternoon: Miners nervous ahead of Aussie tax review
30th Apr 2010 14:17
An attempt at a rally midway through the lunch time session had fizzled out before traders had finished digesting their midday repast, despite expectations of a firmer start on Wall Street. Mining stocks are proving a drag on the index with BHP Billiton and Rio Tinto lower ahead of the release ove
Read moreSector movers: Miners fall back after updates
30th Apr 2010 12:08
Mining stocks are lower after failing to impress the market with trading updates. Alba Mineral Resources, which has nickel, gold and uranium interests in Ireland, Scotland and Mauritania, is deep in the red after saying the costs of keeping its exploration activities up and running has 'severely re
Read moreLondon midday: Footsie heads lower
30th Apr 2010 11:55
Footsie's morning has moved from lacklustre to disappointing, with the blue-chip index now firmly in the red. Banking giant Barclays is dragging the index lower, despite the group reporting a 47% increase in first quarter profits. Concern over the retail business has offset bumper profits from Barc
Read moreLondon open: Rig disaster weighs on BP
30th Apr 2010 08:56
London's top stocks have made only modest gains so far despite the big rise on Wall St overnight. BP and Barclays are weighing on the index. The oil spilling out of the damaged rig in the Gulf of Mexico is now starting to come ashore in Louisiana and the scale of disaster has sent BP shares lower a
Read moreLondon pre-open: Small gains ahead
30th Apr 2010 07:33
London's top stocks are expected to open marginally higher, with traders forecasting a 3 point rise after the open. A big surge in business at Barclays Capital and decline in impairments had profit at Barclays bank up 47% in the first quarter of 2010. Profit before tax from continuing operations le
Read moreWPP sees revenue stabilise in first-quarter
30th Apr 2010 07:04
Advertising giant WPP said a stabilisation and subsequent growth in revenue came earlier than expected. Reported revenues were £2.078 billion in the first quarter, down just under 2% from last year. Revenues in constant currency were up 0.5%, reflecting the strength of the pound sterling against th
Read moreTuesday tips round-up: Carphone Warehouse, Kazakhmys, WPP
27th Apr 2010 06:36
Carphone Warehouse trades on 17.2 times 2011 forecast earnings, which looks high enough. But with the US venture poised for a break-out and continuing good numbers in Europe, it could be argued the company is not as expensive as it appears to be. Buy says the Independent. The stars are aligned for
Read moreFriday tips round-up: Experian, WPP, Uniq
16th Apr 2010 06:16
There is no need to check on Experian's credit. At yesterday's 616½p, the shares trade at 14 times current-year earnings. This is not stretched given Experian's strong market position, high operating margins and the gearing of profits to an improvement in bank lending. Hold on, says the Times. Sir
Read moreFTSE 100 movers: Banks keep Footsie up
15th Apr 2010 11:45
London's leading shares are just above flat as good gains from banks are being offset by weak defensives. Investors are keen on the likes of Barclays, Royal Bank of Scotland and HSBC Holdings but defensives are proving a drag. Reckitt Benckiser, Unilever are lower while G4S, Centrica and Thomas Coo
Read moreLondon pre-open: Shares to rise
15th Apr 2010 07:33
London's leading shares are poised to begin with good gains, with traders eyeing a 22 point rise in opening deals. McBride, which makes personal care products for supermarkets to sell under their own label, has appointed an executive from the food and household goods giant Unilever as its new chief
Read moreThursday's newspaper round-up: Consumer confidence, WPP, Nestle
15th Apr 2010 06:18
Consumer confidence plunged last month at the sharpest rate since the beginning of the recession amid growing uncertainty over the election, reports the Times. Nationwide's index of consumer sentiment slipped to 72, from 81 in February, wiping out all the gains seen since December. The advertising
Read more