Wednesday tips round-up: Serco, Babcock, Stobart
13th May 2009 06:52
Outsource group Serco said yesterday that 2009 has started strongly and that it is on track to meet full-year expectations. The group trades at a deserved premium. The shares have come off a little since December, which now makes Serco a better punt. Buy says the Independent. There are some compell
Read moreLondon close: Banks hold back Footsie
12th May 2009 16:28
There was no shortage of company news to give Footsie direction but the index ended the day little changed as downbeat banks offset well-received updates. Royal Bank of Scotland, Lloyds Banking Group and Barclayseased after Credit Suisse suggested the margins of UK banks will come under pressure.
Read moreLondon afternoon: Back in the blue
12th May 2009 14:11
In keeping with the day's topsy-turvy theme, the Footsie is back in positive territory, despite the weakness of banks and miners. Royal Bank of Scotland, Lloyds Banking Group and Barclays are all easier after Credit Suisse suggested the margins of UK banks will come under pressure. In the mining
Read moreLondon midday: Banks lower on margin worries
12th May 2009 12:13
The market had an indecisive morning, with yesterday's decline after four successive days of gains giving investors pause for thought. Banking is the weakest sector after a cautious review of UK banks by Credit Suisse. The Swiss bank has cut its ratings on Barclays and Royal Bank of Scotland, with
Read moreSector movers: Stobart drives transport stocks higher
12th May 2009 12:12
Transport and logistics firm Stobart leads the industrial transportation sector higher after registering a sharp increase in profits in its first year as a listed company. Profit before tax soared to £23.9m in the year to end-February from £3.5m the year before, partly reflecting the contributions
Read moreFTSE 250 movers: Enterprise loses fizz after divi cut
12th May 2009 12:11
On a busy day for the mid-cap index, pubs group Enterprise Inns falls back after calling time on its dividend as it seeks to pay down its debt pile. Engineering support services company Babcock International leads the risers after it reported forecast busting full year profit, upped its dividend an
Read moreRoad and rail boosts Stobart
12th May 2009 08:29
Acquisitive transport and logistics firm Stobart Group is entering a consolidation phase after registering a sharp increase in profits in its first year as a listed company. Profit before tax soared to £23.9m in the year to end-February from £3.5m the year before, partly reflecting the contribution
Read more