Editor's Picks
FTSE 100 movers: Meggitt shares hammered after update
Friday 01 Nov 2013
Meggitt had a double dose of bad news for investors as it told them trading had been “slightly” below expectations and a supply hiccup could cost 20m pounds. The FTSE 100 aerospace and defence manufacturer warned it now expected 2013 revenue growth rates to be in the “low single digits”. It had given guidance of mid single digit revenue growth for the full year at its interims in August.
Sector movers: Vodafone leads telecoms sector higher
Friday 01 Nov 2013
Vodafone led the telecoms sector higher on the back of growing speculation that US giant AT&T is plotting a takeover of the UK mobile company.
Broker snap: Consensus downgrades in order at Weir, says Jefferies
Wednesday 30 Oct 2013
Jefferies said it expects 2013
Pick up in export orders helps British manufacturing in October
Wednesday 30 Oct 2013
- Manufacturing PMI at 56 in October
Broker snap: Ryanair still a 'buy' despite profit warning, says Panmure
Wednesday 30 Oct 2013
Panmure Gordon has maintained its 'buy rating for airline group Ryanair in spite of a poorly-received first-half report which included a profit warning for the full year.
FTSE 100 movers: Next rings up top Q3 results
Wednesday 30 Oct 2013
High Street clothing and homeware retailer Next topped the leader board after it reported an increase in third quarter sales, despite ongoing trading volatility, as it upwardly revised its earnings forecasts for the full year.
Broker snap: Nomura hails strong Q3 beat by HSBC
Tuesday 29 Oct 2013
Nomura has retained its 'buy' rating and 850p target price for global banking group HSBC following Monday's better-than-expected third-quarter figures.
FTSE 250 movers: African Barrick Gold jumps on outlook
Tuesday 29 Oct 2013
African Barrick Gold shares jumped after the miner said it would beat its annual production target and continue with its cost-saving programme as it posted a 25 per cent drop in third-quarter net profit.
BP raises dividend as oil giant reports third quarter figures - UPDATE
Monday 28 Oct 2013
Divi lifted 5.6 per cent; Profit down due to Russian business; Net debt declines by a third to 20.1bn dollars; Investec issues 'hold' rating
Nasdaq Composite and Nasdaq-100 resume trading
Monday 28 Oct 2013
The Nasdaq Composite index has resumed trading after a data dissemination issue froze updates for the technology laden benchmark as well as for its smaller counterpart, the Nasdaq-100.
FTSE 100 movers: Aggreko tops leaders on full-year expectations
Friday 25 Oct 2013
Temporary power group Aggreko climbed into the top spot after it said it expected full year profits to be in line with market expectations despite the absence of a one-off lift from the London Olympics.
Wednesday tips round-up: BP, Standard Chartered, Regus
Friday 25 Oct 2013
Improved returns on capital and returning more cash to shareholders. That, in essence, is the strategy turn-around announced by British Petroleum (BP) on Tuesday, and the markets approved it. The oil major will focus on its best assets and hold capital spending flat next year. That comes as returns on capital hit a five-year low, according to research from McKinsey. As well, production is
FTSE 100 movers: RBS leads market higher
Friday 25 Oct 2013
RBS was higher after leading investors urged Chancellor George Osborne not to go ahead with a 'good bank-bad bank' split of the part-nationalised lender. Meanwhile, reports that the initial public offering of its US subsidiary Citizens Financial could come sooner than expected also gave the stock a boost.
Tullow Oil suspends operations in Northern Kenya due to labour strikes
Friday 25 Oct 2013
Tullow Oil has temporarily suspended all operations in Block 10BB and Block 13T in Northern Kenya due to labour unrest.
Broker snap: Investec follows Oscar Wilde advice to downgrade Shell
Friday 25 Oct 2013
Investec, quoting Oscar Wilde, downgraded Royal Dutch Shell from buy to hold and lowered its target price by 10 per cent.
Elementis delivers 'resilient' third-quarter performance
Friday 25 Oct 2013
Speciality chemicals group Elementis said that despite of the slower-than-anticipated economic background, it delivered a 'resilient performance' for the three months ended September 30th and saw a return to more normal trading patterns in oilfield drilling
Petrofac partnership wins bumper contract with Algerian government
Friday 25 Oct 2013
- Wins share of 650m dollar contract
London midday: Markets hold at five-month high after in-line GDP
Friday 25 Oct 2013
UK growth in line with expectations; German IFO survey misses forecasts; RBS, Tullow, G4S lead markets higher.
Phoenix on track to hit top of 2013 cash generation target
Friday 25 Oct 2013
Year-to-date cash generation of 734m pounds; Discussions with Swiss Re's UK Admin Re division "progressing".
London close: Markets lifted by corporate earnings, China outlook
Thursday 24 Oct 2013
FTSE 100 at levels not seen since May; China manufacturing PMI at seven-month high; Financials, miners and pharma stocks gain.
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