London afternoon: Stocks dip in quiet trading
23rd Jun 2010 14:24
London had an up and down lunch time session with the Footsie ending the period more or less where it started it, in the red. Trading is a bit sluggish, however, and the suspicion is that traders are more interested in this afternoon's crunch World Cup match between Slovenia and England than in th
Read moreLondon midday:Attempted rally falters
23rd Jun 2010 11:58
Mining stocks are weighing the Footsie down as London follows Wall Street's lead and heads south. American investors took flight following weak housing data and Asian markets followed suit this morning. Reflecting that, miners are down with recently floated FTSE 100 new boy African Barrick Gold lea
Read moreLondon open: Dull start after US dip
23rd Jun 2010 08:52
Last night's late sell-off in the US has hit London this morning though selling has been selective rather than widespread American investors took flight following weak housing data and Asian markets followed suit this morning. Reflecting that, miners are down across the board led by heavyweights Xs
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
23rd Jun 2010 07:59
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0659 GMT [Dow Jones] HSBC raises Whitbread (WTB.LN) target price to 1760p from 1690p following the company's 1Q results. The
Read moreMARKET TALK: HSBC Raises Whitbread Target Price
23rd Jun 2010 07:59
0659 GMT [Dow Jones] HSBC raises Whitbread (WTB.LN) target price to 1760p from 1690p following the company's 1Q results. The results show Whitbread outperforming recovering markets and the bank expects further market share gains from well-defined organic expansion and brand investment. It raises FY'
Read moreWhitbread would look at Travelodge
23rd Jun 2010 07:58
Premier Inn owner Whitbread would be interested in snapping up rival low-budget hotel chain Travelodge were its owners to put it up for sale, newspaper reports suggest. Dubai International Capital, the private equity firm that owns Travelodge, is rumoured to be considering selling off some of its a
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
23rd Jun 2010 07:12
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0612 GMT [Dow Jones] Citigroup lifts Whitbread (WTB.LN) price target to 1700p from 1645p following the company's 1Q update. C
Read moreMARKET TALK: Citi Lifts Whitbread Target Price
23rd Jun 2010 07:12
0612 GMT [Dow Jones] Citigroup lifts Whitbread (WTB.LN) price target to 1700p from 1645p following the company's 1Q update. Citigroup raises its '11 EPS forecast to 104.7p from 99.7p and its '12 EPS estimate to 114.9p from 109.5p to reflect the strong 1Q performance at Premier Inn. However "Whitbrea
Read moreFTSE 100 movers: Lloyds heads risers
22nd Jun 2010 16:54
Lloyds Banking is heading the risers on the Footsie despite the bank levy, which will be introduced alongside similar taxes in France and Germany. There was a positive reaction to Costa Coffee owner Whitbread's trading update. Premier Inn and Costa Coffee were the star performers for the hotel and
Read moreLondon close: Lower finish after budget
22nd Jun 2010 16:40
The budget did little to change the overall direction of the leading share index, which fell in early dealings and remained stuck in the red, though there was movement in specific sectors. A widely expected rise in Capital Gains Tax (CGT) was implemented, with higher rate payers to pay 28% from mid
Read moreBroker tips: Whitbread, Halma
22nd Jun 2010 13:23
The interim management statement from hotels, restaurants and coffee shops owner Whitbread was exceptionally strong, Panmure Gordon said, with encouraging signs of a turnaround at Premier Inns. "Encouragingly, Premier Inn LFL [like for like] RevPar [revenue per available room] has increased 9.1% ov
Read moreBroker snap: Premier performance by Whitbread
22nd Jun 2010 13:21
The interim management statement from hotels, restaurants and coffee shops owner Whitbread was exceptionally strong, Panmure Gordon said, with encouraging signs of a turnaround at Premier Inns. "Encouragingly, Premier Inn LFL [like for like] RevPar [revenue per available room] has increased 9.1% ov
Read moreLondon midday: Budget casts shadow over Footsie
22nd Jun 2010 12:04
Footsie is lower ahead of today's emergency Budget with markets uneasy given the tough rhetoric beforehand from chancellor George Osborne. The sentiment boost enjoyed yesterday following the announcement that China is to stop pegging its currency to the US dollar has worn off, as can be seen by the
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
22nd Jun 2010 11:25
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1025 GMT [Dow Jones] Whitbread's (WTB.LN) 1Q update shows the strength of its performance coming out of a recession and ho
Read moreMARKET TALK: Whitbread Geared To Recovery - Evolution
22nd Jun 2010 11:25
1025 GMT [Dow Jones] Whitbread's (WTB.LN) 1Q update shows the strength of its performance coming out of a recession and how strongly it is geared to recovery, says Evolution Securities. Says momentum at the business is growing, and new CEO Andy Harrison will have an excellent platform to exploit any
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