London pre-open: German agreement boosts sentiment
28th Feb 2012 07:27
City sources predict the FTSE 100 will open up 9 points from yesterday's close of 5,916, with Germany's agreement to the Greek bailout package providing a boost to investor sentiment. In companies, last year was a record breaking year on many fronts for Rotork with the valve engineering group set
Read moreRotork firing on all cylinders
28th Feb 2012 07:01
Last year was a record breaking year in many fronts for Rotork with the valve engineering group setting new highs for revenue, profit and order intake in each of its divisions. Revenue in 2011 rose 17.7%, or 15.9% on an organic constant currency basis, to £447.8m from £380.6m in 2010, ahead of mark
Read moreFTSE 250 movers: Mondi tops the charts
14th Feb 2012 14:08
Paper and packaging group Mondi raced into the top spot after saying underlying profit for the fourth quarter of 2011 is expected to be on a par with the corresponding quarter of 2010. Software group Misys was climbing amid reports that it has gained interest from various buyout groups. Speculato
Read moreLondon midday: German ZEW survey provides a boost to UK stocks
14th Feb 2012 11:48
- German ZEW expectations index swings into positive territory. - Moody's downgrades six nations, cuts outlook for three others to negative. - Bunzl, Barclays higher after broker upgrades. After an initial slump on the back of a mass downgrade of European sovereigns by Moody's, a sharp rise was rec
Read moreTuesday broker round-up - UPDATE
14th Feb 2012 10:40
British Land: Credit Suisse downgrades to neutral from outperform, target cut to 532p from 560p. Barclays: UBS raises target from 199p to 240p, neutral rating kept. Shore Capital upgrades to neutral from sell. Exane BNP upgrades to overweight from neutral. Standard Life: Nomura raises target from
Read moreLondon open: Equities becalmed
1st Dec 2011 09:19
Footsie has been bobbing above and below the 5,500 level this morning as the market takes a pause for breath after yesterday's mad rush higher. REPAIR TO THE PUB DIY retailer Kingfisher is a top performer after a well-received trading update. The B&Q owner saw year-on-year like-for-like (LFL) sale
Read moreRotork buys small valve kits business
1st Dec 2011 08:41
FTSE 250 engineering group Rotork has beefed up its valve kits offering through the acquisition of privately-owned Prokits. Prokits is a designer and manufacturer of valve adaptor kits and accessories for the valve industry. It has gross assets of £0.6m. The sole owner of Prokits, Craig Mellins,
Read moreMonday broker round-up - UPDATE
21st Nov 2011 08:23
RBS: Banco Espirito Santo lowers to neutral, cuts target to 22p from 51p. Centrica: Investec puts target price under review, buy rating unchanged. Capita: Credit Suisse cuts target from 780p to 770p, outperform rating kept. Capital Shopping Centres: Seymour Pierce maintains reduce stance and 324
Read moreRotork acquires Fairchild Industrial for $75.8m
18th Nov 2011 07:53
FTSE 250 engineering group Rotork has acquired Fairchild Industrial Products for a net consideration of $75.8m. The acquisition is payable in cash and will be financed from existing reserves. $7.7m of the total sum will be deferred and held in escrow for two years. Fairchild, an asset-light compan
Read moreTuesday broker update: IAG, HSBC, Essar -UPDATE
8th Nov 2011 09:38
Tate&Lyle: J.P.Morgan downgrades to underweight from neutral. IAG: Credit Suisse cuts target too 152p from 164p. HSBC: Credit Suisse cuts target too 610p from 640p. Essar: Credit Suisse cuts target too 435p from 566p. Weir: Credit Suisse raises target to 2050p from 1850p. Astra Zeneca: Panmure
Read moreDigital Look broker talk -UPDATE
7th Nov 2011 09:37
RBS: "At c0.45x TBV, the shares already discount a lot of negative news. The group prospects are uncertain and vulnerable to downturns in the economy and financial markets. Our recommendations of Barclays and the two Far Eastern banks are more analysable. However, RBS does now look oversold to us, e
Read moreMonday broker update: Smith&Nephew, IAG, Tate&Lyle -UPDATE
7th Nov 2011 09:19
Taylor Wimpey: Peel Hunt keeps at sell. XChanging: Peel Hunt stay at sell. Tullet Prebon: Singer Capital keeps at buy. Bovis Homes: Panmure Gordon stays at hold. Rotork: Panmure Gordon upgrades to buy from hold. Lonrho: Panmure Gordon keeps at buy. Hammerson: Panmure Gordon keeps at buy. Smi
Read moreLondon close: Poor start on Wall Street fuels late sell-off
2nd Aug 2011 16:32
A poor start on Wall Street spurred a late decline in London on Tuesday, as the Footsie fell nearly 1% in afternoon trading, despite trading sideward for the majority of the day. The main US equity benchmarks are now trading firmly in the red following worse than expected economic numbers out in t
Read moreFTSE 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 more