Thursday tips round-up: Brewin Dolphin, Card Factory
28th May 2015 13:19
Brewin Dolphin's share price took a hit despite reporting progress in beefing up its profit margins during its first half. Those improved to 22.3% from 20.8%. However, at 4% its organic rate of growth in revenues - new business won by the existing work force - was disappointing. Rivals are doing bet
Read moreBrewin Dolphin's Stephen Ford sells shares
27th May 2015 15:29
A director at Brewin Dolphin sold 0.29m shares in the same day that the company posted disappointing half-year results. Stephen Ford, head of wealth and investment management, sold 28,572 shares for an individual price of 348p, bringing home £99,431. Following the transaction, Ford holds 114,039 re
Read moreBrewin Dolphin results disappoint as transformation moves too slowly for analysts
27th May 2015 07:54
First-half results from Brewin Dolphin were largely in line with expectations, with funds under management expanding and profits following suit, but the dividend was short of some forecasts and several analysts took a dim view of prospects, sending the shares diving. The FTSE 250 investment and weal
Read moreBrewin Dolhpin sells stocktrade business to Alliance Trust for £14m
14th May 2015 10:09
Brewin Dolphin has sold its stocktrade business to Alliance Trust Savings for £14m. Stocktrade is an execution-only division which reported income of £9.6m and £1.3m of profit before tax in 2014. The sale is expected to be completed this year and the group expects to gain £1m with the transaction.
Read moreBrewin Dolphin warns market volatility limiting top-line growth
28th Jan 2015 10:15
Fund manager Brewin Dolphin reported a 3% increase in funds under management (FuM) during its first quarter but saw a sharp decline in commission income on the back of tough market conditions. The company also warned that continued global market volatility and political uncertainty in the UK and Eur
Read moreBrewin Dolphin's annual profits dive 70% after technology write-down
3rd Dec 2014 07:56
The previously-announced write-off of a major technology project resulted in annual profits at Brewin Dolphin diving 70%, though the investment management group still hiked its dividend by 15%. Brewin had decided during the year to abandon plans to implement a new operating system, leading to a writ
Read moreSundays tips round-up: Carnival, Petroceltic, Brewin Dolphin, WYG
12th Oct 2014 11:38
The Questor column in The Telegraph has rated cruise operator Carnival as a 'sell' on the back of concerns about the spread of Ebola which have sparked a recent sell-off across the travel sector. The Ebola fears "could not come at a worse time" for Carnival, the paper's John Ficenec writes. Up until
Read moreWednesday broker round-up UPDATE
23rd Jul 2014 09:01
Abcam: Canaccord Genuity ups target price from 375p to 400p and upgrades from hold to buy. ARM Holdings: Deutsche Bank cuts target price from 975p to 950p and maintains a hold recommendation. Credit Suisse lowers target price from 1125p to 1100p and leaves its outperform rating unaltered. Beazley:
Read moreThursday broker round-up UPDATE
5th Jun 2014 09:37
Aberdeen Asset Management: Liberum Capital initiates with a target price of 555p and a buy recommendation. Ashmore Group: Liberum Capital starts with a target price of 303p and a sell recommendation. ASOS: N+1 Singer places both its target price (prev.: 4100p) and its hold recommendation under rev
Read moreLondon open: UK markets flat as Glaxo falls
28th May 2014 08:37
- European stocks retreat from six-year highs - Economic data in focus - GSK to be investigated by UK fraud body - Weir drops pursuit of Metso techMARK 2,784.94 -0.05% FTSE 100 6,838.75 -0.09% FTSE 250 15,885.65 +0.26% UK equities opened more or less flat on Wednesday as markets showed caution aft
Read moreLondon pre-open: FTSE to inch higher ahead of European data
28th May 2014 07:40
Little change is expected amongst the blue chips this morning, ahead of the release of both German unemployment and Eurozone consumer confidence data, which come amid growing concerns over the stagnant recovery in the euro-area. City sources predict the FTSE 100 will open around three points higher
Read moreBrewin Dolphin makes margin progress in first half
28th May 2014 07:08
- FuM up 3.4 per cent to 36.1m pounds - PBT up 25 per cent - Dividend of 3.65p short of consensus Discretionary wealth manager Brewin Dolphin demonstrated mostly good progress as new management under Chief Executive David Nicol wrestled the business back on track, with first-half profits ahead of e
Read moreBrewin Dolphin appoints ex-Goldman Sachs director to the board
22nd May 2014 14:25
Stock broker and investment manager Brewin Dolphin announced it has appointed Caroline Taylor as a non-executive director. Taylor, who will assume the role on May 21st, has over 25 years in the financial services sector and was a director at Goldman Sachs Asset Management International from 2005 to
Read moreFTSE 250 movers: Taylor Wimpey jumps on targets, cash return plans
13th May 2014 14:04
Today's gains were led by Taylor Wimpey as the housebuilder set out ambitious medium-term targets and confirmed a generous new cash return policy. "The UK housing market continues to perform strongly with sales rates and pricing at the upper end of our expectations," the group said at an analyst a
Read moreLondon midday: FTSE 100 trims gains but housing stocks rise
13th May 2014 11:23
- FTSE 100 hits 14-year intraday high - Housing stocks lifted by Taylor Wimpey comments - easyJet, TUI Travel and LSE fall techMARK 2,802.35 +0.28% FTSE 100 6,859.54 +0.11% FTSE 250 16,029.39 +0.30% UK markets had trimmed gains by Tuesday lunchtime after having hit their highest intraday levels in
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