London midday: Markets cautious ahead of risk events, Syria action
4th Sep 2013 11:26
Traders adopted a cautious approach on Wednesday morning with UK stocks registering losses in morning trade ahead of a number of 'risk events' later in the week which have the potential to spark market volatility. Fears about impending US military action in Syria also hit investor sentiment today a
Read moreLondon open: Potential strike on Syria worries investors early on
4th Sep 2013 08:32
Stocks declined on Wednesday morning on concerns over an imminent Western military intervention in Syria, with investors also choosing to scale back positions ahead of a number of 'risk events' later on in the week. The Senate Foreign Relations Committee last night gave the green light on a US atta
Read moreThursday tips round-up: Serco, Hikma Pharmaceuticals, Goals Soccer Centres
22nd Aug 2013 07:31
The future for outsourcing outfit Serco is now uncertain as the Government calls for a detailed review of all contracts and profit margins are expected to slide. However, its update on trading in the second quarter was good. With long-term government contracts comes steady cash flow, and Serco has b
Read moreThursday broker round-up UPDATE
22nd Aug 2013 07:25
Aggreko: RBC Capital reduces target price from 1850p to 1680p, while its neutral rating remains unchanged. Aviva: JP Morgan raises target price from 393p to 436p and retains an overweight rating. BHP Billiton: Canaccord Genuity takes target price from 1950p to 2050p maintaining a hold recommendati
Read moreFTSE 250 movers: N Brown jumps after broker upgrade
21st Aug 2013 14:36
Internet shopping group N Brown was a high riser today after Credit Suisse raised its rating for the stock from 'neutral' to 'outperform' and lifted its target price from 455p to 620p. N Brown, whose brands include Simply Be, Jacamo and Figleaves, has seen its stock surge by around 50% so far this
Read moreLondon midday: Ex-div stocks drag FTSE 100 to six-week low
21st Aug 2013 11:33
Markets were sharply lower on Wednesday morning as risk appetite was scaled back ahead of this evening's release of the minutes of the latest Federal Reserve policy meeting. The FTSE 100 was trading as low as 6,400 today in London today; the last time it closed below this level was on July 5th when
Read moreLondon open: FTSE 100 slips as investors await Fed minutes
21st Aug 2013 08:29
The FTSE 100 fell into the red on Wednesday morning, hitting a fresh six-week low as investors nervously awaited the minutes of the latest Federal Reserve meeting. The index dropped 0.5% to around the 6,420 mark early on. The last time the London benchmark closed lower was on July 5th when it finis
Read moreLondon pre-open: Stocks expected to fall ahead of FOMC minutes
21st Aug 2013 07:26
Markets are expected to open lower on Wednesday morning as traders nervously await the minutes of the latest Federal Reserve meeting. City sources predict the FTSE 100 will open down 12 points after hitting a six-week low of 6,453.46 yesterday. Market sentiment has been a little fragile ahead of
Read moreHikma Pharmaceuticals raises full year guidance
21st Aug 2013 07:08
Hikma Pharmaceuticals said it had made a strong start to the first half of its financial year, with all of its businesses performing well, as it raised its guidance to around 20 per cent revenue growth for the year. The multinational pharmaceutical firm said revenue increased by 19.9% to $638.3m in
Read moreFriday broker round-up UPDATE
9th Aug 2013 07:29
Aquarius Platinum: Deutsche Bank lowers target price from 63p to 60p keeping a buy recommendation. Ashmore Group: HSBC ups target price from 400p to 435p, while keeping overweight rating. ASOS: UBS raises target price from 4600p to 6000p staying with its buy recommendation. Aviva: Bank of America
Read moreLondon close: Economists wax optimistic on UK
8th Jul 2013 17:08
Stocks registered a solid gain on Monday on the back of an advance in the banking sector. That came on the heels of what some economists termed a solid jobs report last Friday Stateside and upwards revisions to growth forecasts for the UK. Leading gains were shares of Royal Bank of Scotland, as Ch
Read moreFTSE 250 movers: Hikma, Bovis, Betfair, Balfour Beatty
8th Jul 2013 13:35
Pharmaceutical group Hikma Pharmaceuticals topped the leaderboard after saying it expects revenue to grow by 17 per cent in 2013 compared to its previous guidance of 13 per cent. Bovis Homes Group gained after announcing its reservations in the first half were ahead of its expectations amid signs o
Read moreMonday broker round-up UPDATE
8th Jul 2013 08:48
Anglo American: Exane reduces target price from 1700p to 1400p and reiterates its underperform rating. Anite Group: Investec raises target price from 135p to 155p and upgrades from hold to buy. Ashmore Group: RBC Capital Markets takes target price from 440p to 375p and keeps its neutral rating. B
Read moreLondon open: Positive start after strong US jobs
8th Jul 2013 08:04
London's leading shares started the week on strong footing after Friday's better than expected US nonfarm payrolls number and as focus turns to European Central Bank (ECB) President Mario Draghi's speech to European Parliament. Friday's widely watched report from the Labor Department showed US empl
Read moreHikma lifts full year revenue guidance
8th Jul 2013 07:06
Hikma Pharmaceutical said all of its businesses have continued to perform well and overall it expects revenue to grow by around 17 per cent in 2013, up from previous guidance of around 13 per cent. Across its main businesses, generics continued to benefit from strong doxycycline sales. Given the st
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