FTSE 250 Movers: Moneysupermarket.com flying high
2nd Aug 2011 12:37
Moneysupermarket.com is flying high after its share price soared after announcing a sharp incline in profits. After sponsoring the hit TV show 'Britain's Got Talent', Moneysupermarket.com has maintained its status as one of the country's best known price comparison websites and posted a sharp rise
Read moreLondon midday: Stocks fall back after flat start
2nd Aug 2011 12:16
Stocks are in negative territory now as investors digest a raft of company statements against a backdrop of ongoing worries about the debt situation in the US and in Europe. Investors are also digesting news that the US House of Representatives has voted through a bill to raise the debt ceiling in
Read moreBroker tips: HSBC, Rotork, Centamin
2nd Aug 2011 11:39
RBS has downgraded its rating on global banking giant HSBC from buy to hold and lowers its target price from 750p to 640p, due to uncertain economic conditions in the US and Europe. "The prospect of slowing economic growth in the US and Europe delays the all-critical gradual rise in US policy rates
Read moreBroker snap: Ambrian optimistic despite disappointment at Centamin
2nd Aug 2011 11:06
Ambrian has maintained its buy rating on gold miner Centamin Egypt despite the group slashing its full-year output estimates on Tuesday. While analyst Adam Kiley does indeed call the downgrade in forecasts "disappointing", he notes that in Ambrian's recent research note on Centamin, the broker high
Read moreCentamin Egypt cuts production guidance
2nd Aug 2011 08:52
Gold miner Centamin Egypt has cut its gold production for the full year after import restrictions on products it needs to conduct operations held back output in the second quarter. It has cut its full-year output estimate to 200,000 to 210,000 ounces from a previous prediction of 250,000 to 290,000
Read moreLondon open: Barclays boosts FTSE 100 but miners suffer
2nd Aug 2011 08:28
The top share index has edged higher amid a mixed reception for today's stream of company results. Investors are also digesting news that the US House of Representatives has voted through a bill to raise the debt ceiling in the first stage of a two-step process designed to avoid the country default
Read moreLondon open: International Power makes gains
11th Jul 2011 08:32
The Footsie opened up higher but fell into the red in early trading as two giants weighed up the effects of an Australian climate change proposal. International Power opened strongly to lead the risers after responding to the proposed climate change plan in Australia. Under the proposed plan to red
Read moreCentamin offers £7.5m for Sheba
11th Jul 2011 07:59
Egypt-focused gold miner Centamin Egypt has made a £7.48m offer for PLUS-quoted miner Sheba Exploration. The 6.15p-a-share offer represents a premium of 124% to its closing price on Friday (2.75p), and has been unanimously recommended to Sheba shareholders by the company's board, Centamin said. Sh
Read moreFTSE 250 movers: Victrex jumps on soaring profits
24th May 2011 16:28
Victrex is among the best performers after the plastics group said profit surged 57% and sales volumes rose 22% in the last six months after a strong performance in all of its major markets. Due to MITIE's underperformance against the peer group, Peel Hunt upgraded its rating on the outsourced ser
Read moreFTSE 250 movers: Profits jump at MITIE
23rd May 2011 15:42
Outsourced service provider MITIE is the highest riser of the day after posting a sharp rise in profits for the year to 31 March. Pre-tax profits jumped to £86.8m from £79.7m the previous year on revenues that were up to £1.89bn from £1.72bn. "The opportunities in outsourcing and energy services in
Read moreFTSE 250 movers: Heritage jumps after buy-back
26th Apr 2011 14:45
Heritage Oil is the best performer on the FTSE 100 Tuesday after the oil explorer announced that it is buying back $100m (£60m) in shares, because its "considers that the current share price is trading at a significant discount to the intrinsic, underlying value of the company." Micro Focus Interna
Read moreSunday tips round-up: Essar Energy, Cluff Gold, Centamin Egypt
10th Apr 2011 12:50
Essar Energy floated in London last May with the express aim of growing rapidly to provide fuel and electricity primarily for the Indian market. There is no denying that India will need substantially more gas, electricity and fuel over the next few years and Essar is ideally placed to help meet dema
Read moreChairman increases interest in Computacenter
22nd Mar 2011 16:58
A person connected to IT services provider Computacenter chairman Greg Lock has invested £210,000 in the company. Rosemary Lock has acquired 50,000 shares at 420p each. That takes Greg Lock's beneficial holding to 400,000 shares. Lock is also chairman of Kofax and he is a former chairman of Surf
Read moreIncoming United Utilities boss splashes out
16th Mar 2011 16:28
United Utilities' incoming chief executive has spent £400,000 on shares in the water supplier. Steven Mogford, who will take the reins at United Utilities on 31 March, took 70,814 shares at 564.9p a time, his first purchase of shares in the company. Mogford's appointment was announced in November
Read moreFTSE 250 movers: Ocado surges on Goldman upgrade
1st Mar 2011 14:22
Delivery firm Ocado, whose biggest customer is Waitrose, is surging today after Goldman Sachs upgraded its rating to a 'buy', from 'hold', as the recent share price performance has provided investors with a good buying opportunity. However heading the other way is United Business Media, which has f
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