Wednesday tips round-up: Carillion, Hamworthy, Heritage Oil...
5th Oct 2011 06:57
Carillion, which bought Eaga, the home insulation and green energy business, in the spring, has now raised its estimate for annualised cost savings from £9 million to £15 million, notes the Tempus column in the Times. Carillion, like its rival support services group Kier, is now seeing the promised,
Read moreUPDATE: Tuesday broker round-up
4th Oct 2011 08:25
BHP Billiton: Citi reiterates buy and keeps target at 2,405p. BHP Billiton: Credit Suisse upgrades to outperform from neutral; cuts target to 2,800p from 3,160p. Anglo American: Credit Suisse downgrades to neutral from overperform. Lonmin: Credit Suisse downgrades to underweight from neutral. S
Read moreCarillion on target for 2011
4th Oct 2011 07:33
Carillion, the support services firm, says it will meet market growth expectations for the full year following the £298m acquisition of Carillion Energy in April. In its third quarter management statement the board of Carillion says net debt will hit £125m, below the target level of £150 it set its
Read moreLondon pre-open: Modest gains foreseen
4th Oct 2011 07:24
The stronger trend seen late in the session in London yesterday is set to continue this morning, despite stocks on Wall Street taking a caning last night. Sentiment has been boosted by further messages of support - even if they have yet to be backed up by more money - for Greece from Eurozone finan
Read moreBroker tips: AB Foods, Carillion, Cluff Gold
12th Sep 2011 12:04
With a company-wide outperformance and record profits expected at Associated British Foods (AB Foods), the foods group which also owns the Primark retail chain, Prime Markets has maintained its buy recommendation on the stock. "Although H2 net interest expense will be higher, Prime Markets believes
Read moreBroker snap: UBS cuts Carillion target by 40p
12th Sep 2011 12:02
UBS has reduced its target price for FTSE 250 building group Carillion from 390p to 350p after raising its pensions deficit forecast. "We have increased our pension deficit forecast, as gross assets invested in equities are c50% of the enterprise value, hence a fall of 10% in the equity markets imp
Read moreThursday tips round-up: Admiral, Melrose, Pennon...
25th Aug 2011 06:41
Admiral's shares suffered yesterday, says the Investment Column at the Independent. The company reported high headline numbers: first-half profits of £16.6m were 27 per cent ahead of the same period last year, while turnover rose by 53 per cent to £1.1bn. But some analysts expected better for the sh
Read moreLondon close: Results drive stocks higher, Man up after upgrade
24th Aug 2011 16:38
Stocks finished with good gains after an uncertain start, with strong economic data from the US overriding the earlier mixed reception to today's raft of company updates. US orders for goods made to last more than three years, such as planes, cars and washing machines, rose by 4% in July, having fa
Read moreLondon midday: Stocks mixed after stream of updates
24th Aug 2011 12:10
The leading share index is flitting between red and blue amid differing receptions for today's stream of updates. Investors in Admiral are feeling mutinous despite pre-tax profits growing by 27%. However, according to a Thomson Reuters poll, the result was a slight miss. Miner BHP Billiton is hig
Read moreCarillion ups profits and builds order book
24th Aug 2011 09:01
Profits at British building firm Carillion were up 10% in the first half of the year, reaching £72.5m. However, including one-off acquisition costs of £28m the company saw profits drop by 35%. Chairman, Philip Rogerson, said the builder expected to deliver full-year earnings growth in line with ma
Read moreBroker tips: Resolution, WPP, Carillion,
22nd Aug 2011 12:25
UBS thinks that things could take a while to improve for insurance buyout firm Resolution and slashes its target price for the stock by 14%. Resolution's life business made a 4.5% return on embedded value in the first half of 2011, less than the year before and significantly under the 10% target, t
Read moreBroker snap: Panmure reiterates buy on Carillion
22nd Aug 2011 12:22
Panmure Gordon said that it remains a buyer of UK support services giant Carillion ahead of the firm's first half results on 24 August. "With scope to chat about the integration and opportunities provided by Eaga [green support services business which Carillion bought in February for £298.4m], ther
Read moreLondon close: ARM and Imagination Technologies lead the slide
3rd Aug 2011 16:40
Stocks were posting triple-digit losses at the finish, with the FTSE 100 at its lowest closing level for the year so far as worries over global growth intensified. Things got worse after a poor start in the US, where yesterday's deficit-cutting agreement among politicians has done little to assuage
Read moreLondon midday: Shares dive but Thomas Cook takes off
3rd Aug 2011 12:01
Stocks are deep in the red this morning as economic worries continue on both sides of the Atlantic. Despite yesterday's deal on the US deficit-cutting plan, analysts are concerned that the ratings agencies may be sharpening their knives, with weak economic figures contributing to fears the world's
Read moreLondon open: Footsie plummets in early trading
3rd Aug 2011 08:31
The Footsie plummeted in early trading and stood firmly below the 5,700 level, losing more than 1.5%. Disappointing US economic data has more than offset relief that the US debt ceiling law has been passed, and is overshadowing a busy morning for company announcements. Meanwhile, renewed fears o
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