London midday: Bloomberg outage, Chinese regulations send stocks into the red
17th Apr 2015 12:02
After a solid start UK stocks sank into the red by Friday lunchtime, moving further away from recent records amid a blackout on Bloomberg computer terminals and new regulations in China on short-selling. Bloomberg's trading and information units are heavily relied upon by roughly 320,000 people arou
Read moreLondon open: Stocks rise modestly amid Greek talks, UK economic data
17th Apr 2015 08:35
Stocks in London advanced on Friday morning on a quiet day for corporate newsflow, with investors awaiting key employment data from the UK while digesting Greek debt talks. "The FTSE opened the day on the positive side of flat, after yesterday afternoon's [...] declines pulled the index away from it
Read moreRicardo expands rail consultancy business with bolt-on buy of LR Rail
17th Apr 2015 08:15
Engineering and consulting outfit Ricardo is spending £42.5m in cash to buy Lloyd's Register Rail (LR Rail), an international rail consultancy and assurance business boasting blue chip clients. The deal, which is being paid on completion, on a cash-free and debt-free basis, is expected to be complet
Read moreRicardo racks up record orders
11th Sep 2014 09:17
Automotive engineering and environmental consultancy Ricardo announced record orders and said its markets were improving. Ricardo, which provides consultancy services to car makers and the defence, rail, marine and environmental industries, said orders had risen 17% to £142m in the year to 30 Jun
Read moreThursday preview: Wm Morrison dividend in focus
10th Sep 2014 15:43
Tomorrow is “Super Thursday” for retail followers in the City, with interim results from FTSE 100 heavyweights Next and Morrison, as well as but also a quarterly updates from FTSE 250 pair Ocado and Home Retail, together with updates from small caps Dunelm and Darty and the privately hel
Read moreFriday broker round-up UPDATE
25th Jul 2014 09:29
African Barrick Gold: Investec places both its target price (prev.: 212p) and its sell recommendation under review. Westhouse Securities ups target price from 250p to 285p upgrading from neutral to add. Barclays: Deutsche Bank cuts target price from 300p to 275p staying with its buy recommendation.
Read moreFriday broker round-up UPDATE
18th Jul 2014 07:55
Barclays: Credit Suisse cuts target price from 275p to 235p retaining a neutral rating. Barratt Developments: Liberum Capital reduces target price from 468p to 387p and downgrades to hold. Bellway: Liberum Capital reduces target price from 1900p to 1764p, while leaving its buy recommendation uncha
Read moreThursday broker round-up UPDATE
17th Jul 2014 11:07
Antofagasta: Canaccord Genuity cuts target price from 870p to 835p and maintains a hold recommendation. African Minerals: Canaccord Genuity reduces target price from 230p to 170p and keeps a buy recommendation. Ashmore Group: Goldman Sachs downgrades to neutral with a target price of 430p. Barcla
Read moreRicardo sees higher FY revenue but Germany weighs
17th Jul 2014 10:26
Automotive engineering consultancy Ricardo forecast higher revenue than last year and said good trading had led to record orders, although the German market was tough. Ricardo said overall customer activity in the last two months had been positive, resulting in the group's highest-ever year-end ord
Read moreTuesday tips round-up: Staffline, Ricardo
20th May 2014 07:15
Staffline's share placement to raise 16m pounds was greeted by investors with a three per cent premium. That amounts to a vote of confidence in the firm's plans to employ the monies thus generated to fund the purchase of Avanta, the company that helps the unemployed get back to work. In parallel, th
Read moreRicardo orders rise but delays hit tech consulting arm
19th May 2014 09:54
Automotive and engineering consultancy Ricardo reported strong orders but said contract delays had hit its technical consulting arm. Ricardo, whose customers include the world's major car makers as well as energy companies, financial institutions and governments, said a good level of orders in Apri
Read moreThursday broker round-up UPDATE
20th Mar 2014 09:19
Antofagasta: Deutsche Bank cuts target price from 770p to 735p and downgrades to sell. Investec cuts target price from 753p to 726p keeping its sell recommendation. Ashmore Group: HSBC Holdings lowers target price from 410p to 400p retaining its overweight rating. Avacta Group: Numis shifts target
Read moreThursday broker round-up UPDATE
27th Feb 2014 09:55
Balfour Beatty: Berenberg moves target price from 340p to 350p and stays with a buy recommendation. Bodycote: FinnCap places both its target price (prev.: 620p) and its hold recommendation under review. Investec raises target price from 770p to 810p and keeps a buy recommendation. Numis upgrades fr
Read moreWednesday broker round-up UPDATE
26th Feb 2014 08:54
Anglo Pacific: FinnCap cuts target price from 279p to 216p, downgrades to hold. Ashmore Group: UBS reduces target price from 405p to 355p, while leaving its buy recommendation unchanged. Jefferies cuts target price from 475p to 375p, while its buy recommendation is kept. Barclays lowers target pric
Read moreClean Air Power inks agreement in South East Asia
10th Feb 2014 10:41
The developer of dual-fuel engine management software, Clean Air Power, has signed a two-phase agreement to develop a dual-fuel engine for a South East Asian market. The first phase consists of a funded concept development agreement with an unnamed global truck manufacturer. AIM-listed Clean Air
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