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Recent News

Tuesday 09 February, 2016

09-Feb-2016 09:00 AM

Market Movers - Top risers and fallers at 09:00

FTSE 100 Legal & General Group 208.40 +2.66% Next 6552.50 +1.91% Kingfisher 319.25 +1.45% AstraZeneca 3952.75 +1.
09-Feb-2016 09:00 AM

Broker Forecast - Barclays Capital issues a broker note on EnQuest Plc

Barclays Capital today reaffirms its underweight investment rating on EnQuest Plc (LON:ENQ) and cut its price target to 15p (from 30p). Story provided by
09-Feb-2016 08:50 AM

Broker Forecast - Barclays Capital issues a broker note on BowLeven PLC

Barclays Capital today reaffirms its equal weight investment rating on BowLeven PLC (LON:BLVN) and cut its price target to 28p (from 32p). Story provided by
09-Feb-2016 08:41 AM

CYBG welcomes S&P investment grade rating

CYBG has welcomed Standard & Poor's allocation of an investment grade rating to the newly created CYBG PLC entity, and the affirmation of the existing ratings of Clydesdale Bank subsequent to the successful demerger and IPO. S&P has affirmed the lon
09-Feb-2016 08:40 AM

Broker Forecast - Nomura issues a broker note on Randgold Resources Ltd

Nomura today reaffirms its reduce investment rating on Randgold Resources Ltd (LON:RRS) and raised its price target to 4350p (from 3850p). Story provided by
09-Feb-2016 08:30 AM

Broker Forecast - Jefferies International issues a broker note on Reckitt Benckiser Group PLC

Jefferies International today reaffirms its buy investment rating on Reckitt Benckiser Group PLC (LON:RB.) and cut its price target to 6800p (from 7100p). Story provided by
09-Feb-2016 08:26 AM

Ascential floats at GBP800m

Ascential, the international business-to-business media company, has announced the successful pricing of its initial public offering at 200p per share, valuing the company at around GBP800m. The offer comprises 139,950,000 shares representing 35% of the
09-Feb-2016 08:20 AM

Broker Forecast - JP Morgan Cazenove issues a broker note on WPP Group PLC

JP Morgan Cazenove today reaffirms its overweight investment rating on WPP Group PLC (LON:WPP) and raised its price target to 1770p (from 1760p). Story provided by
09-Feb-2016 08:17 AM

iEnergizer appoints CEO and CFO

iEnergizer, a high growth digital age publishing and technology leader, has announced the re-appointment of Anil Aggarwal as chief executive and the appointment of Richard Day as chief financial officer. Aggarwal has been operating as interim executive
09-Feb-2016 08:13 AM

EGI revenues up

Electrical Geodesics Inc expects revenues for the year ended 31 December of USD13.8m - 4% on 2014. In addition, the company expects to recognise grant income of some USD1.5m for 2015 (2014: USD0.6m). An update says: "Following a somewhat disappoin
09-Feb-2016 08:10 AM

Broker Forecast - JP Morgan Cazenove issues a broker note on Melrose PLC

JP Morgan Cazenove today reaffirms its overweight investment rating on Melrose PLC (LON:MRO) and raised its price target to 355p (from 307p). Story provided by
09-Feb-2016 08:08 AM

Firestone sees excellent progress at Liqhobong

Firestone Diamonds says it continues to make excellent progress at Liqhobong diamond mine and the project was 65% complete at the end of January. This is in line with the revised schedule announced on 23 June 2015. An investor presentation, which provi
09-Feb-2016 08:01 AM

Ludgate Environmental NAV falls

Ludgate Environmental Fund's net asset value stood at GBP24,488,092 at the end of December compared with GBP32,312,863 at the end of June and GBP31,486,293 a year ago. This was equivalent to 45.90p per share (0.61p at the end of June and 0.59p a ye
09-Feb-2016 08:00 AM

Broker Forecast - JP Morgan Cazenove issues a broker note on Anglo American PLC

JP Morgan Cazenove today reaffirms its underweight investment rating on Anglo American PLC (LON:AAL) and raised its price target to 250p (from 210p). Story provided by
09-Feb-2016 07:54 AM

X5's head of Karusel chain to step down

X5 Retail Group has announced Vardan Dashtoyan has informed the company of his intention to step down as general director of the Karusel hypermarket chain in order to return to his own business ventures. Karusel's chief operating officer Emin Rusta
09-Feb-2016 07:51 AM

Allied Minds sees positive progress

Allied Minds saw positive progress in 2015 with its subsidiaries meeting or exceeding commercial milestones in nearly all instances. Chief executive Chris Silva said: "We have embarked on exciting collaborations with industry leaders such as Bristol
09-Feb-2016 07:49 AM

African Potash awaiting payment for Zambian order

African Potash says payment is still pending for 20,000 metric tonnes dispatched on 6 January in partial satisfaction of the 50,000MT purchase order with a Zambian customer, introduced by COMESA. Story provided by
09-Feb-2016 07:46 AM

GRIP makes GBP57.3m London PRS acquisition

GRIP, the market-let UK residential property fund owned by Grainger and APG, has acquired the freehold interest in Kew Bridge Court, an unbroken, predominantly private rented residential estate of 94 flats, 4 houses and 80 car parking spaces in Kew Bridg
09-Feb-2016 07:44 AM

Inchcape appoints CFO

Car dealer Inchcape has appointed Richard Howes as the group's new chief financial officer following the previously announced decision of John McConnell to leave the group and return to his native Australia. McConnell will leave Inchcape on 29 Febr
09-Feb-2016 07:42 AM

ICAP revenues fall in challenging market

ICAP's revenues for the third quarter to the end of December were 5% lower than a year ago on a constant currency and on a reported basis. ICAP says overall market conditions have remained challenging and risk appetite remains subdued among its cli
09-Feb-2016 07:39 AM

Kumba Iron Ore earnings fall

Anglo American will book underlying earnings of USD238m from Kumba Iron Ore for the year to the ended 31 December - down from USD693m in 2014. Kumba's headline earnings fell to USD304m - down from USD1,011m. Anglo American will report results for t
09-Feb-2016 07:37 AM

RWS Holdings performs ahead of directors views

RWS Holdings said it has performed significantly ahead of the board's expectations during the first three months of the current financial year. "This has reflected an excellent quarter for the fully integrated patent translation and filing divi
09-Feb-2016 07:37 AM

Cyan wins order for smart metering in Iran

Cyan has received an initial purchase order from telecommunications contractor Micromodje for the implementation of 2,000 unit smart meters, which will be fitted into street traffic cameras in Iran. This initial purchase order is worth GBP67,000 with a
09-Feb-2016 07:33 AM

Tungsten sees EBITDA breakeven by FY 2017

Tungsten Corporation directors are confident the company is on track to achieve break-even on an EBITDA basis by the end of FY17 and a positive EBITDA for the six-months ending 31 October 2017. Tungsten confirms that trading in the third quarter was in l
09-Feb-2016 07:32 AM

Assura sees significant growth

Healthcare REIT Assura describes the period from 1 October as one of significant growth. The group completed an equity raise of GBP300 million, net of expenses, on 11 October to fund further acquisitions and developments and significantly strengthen the

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