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Recent News

Tuesday 02 August, 2016

02-Aug-2016 09:00 AM

Market Movers - Top risers and fallers at 09:00

FTSE 100 Direct Line Insurance Group 375.00 +5.60% Randgold Resources 9062.50 +1.71% Fresnillo 1952.00 +1.51% Admiral Group 2180.00 +1.
02-Aug-2016 09:00 AM

Broker Forecast - JP Morgan Cazenove issues a broker note on Ultra Electronics Holdings PLC

JP Morgan Cazenove today reaffirms its overweight investment rating on Ultra Electronics Holdings PLC (LON:ULE) and cut its price target to 1850p (from 1885p). Story provided by
02-Aug-2016 08:59 AM

Keywords Studios ahead of forecasts

Keywords Studios expects to report revenues and adjusted pre-tax profits comfortably ahead of expectations when it announces its interim results for the six months ended 30 June in mid-September. The outperformance was driven primarily by the recently
02-Aug-2016 08:52 AM

Fitch affirms FirstGroup at 'BBB-'

Fitch Ratings has affirmed FirstGroup's long-term issuer default rating at 'BBB-', short-term IDR at 'F3' and senior unsecured rating at 'BBB-'. The outlook on the long-term IDR is stable. The rating affirmation reflec
02-Aug-2016 08:50 AM

Christie & Co advises on day nursery portfolio sale

Christie & Co - the Christie Group's specialist provider of agency and advisory services - has completed the sale of Positive Steps Children's Day Nurseries Ltd to Busy Bees Childcare, one of the UK's leading childcare operators, in a deal
02-Aug-2016 08:50 AM

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

JP Morgan Cazenove today reaffirms its neutral investment rating on Senior PLC (LON:SNR) and raised its price target to 240p (from 220p). Story provided by
02-Aug-2016 08:45 AM

Boussard & Gavaudan NAV update

Boussard & Gavaudan says the estimated net asset value of its sterling shares was £19.2596 at the close of business on 1 August. The estimated NAV of its euro shares was €22.0013. At 8:45am: (LON:BGHS) Boussard Gavaudan Holding share price
02-Aug-2016 08:40 AM

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

JP Morgan Cazenove today reaffirms its overweight investment rating on Rio Tinto PLC (LON:RIO) and raised its price target to 3050p (from 3000p). Story provided by
02-Aug-2016 08:39 AM

Commerzbank profits fall

Commerzbank posts an operating profit of €615 million for the first half - down from €1,089 million a year ago. The figure for the second quarter was €342 million (Q2 2015: €419 million). Revenues before loan loss provisions stood
02-Aug-2016 08:32 AM

Kudelski and Apple settle patent litigation

The Kudelski Group has entered into a comprehensive patent licensing agreement with Apple Inc. Under the agreement, the parties agreed to dismiss all pending patent litigation. Financial terms were not disclosed. Story provided by
02-Aug-2016 08:30 AM

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

JP Morgan Cazenove today reaffirms its overweight investment rating on Intertek Group PLC (LON:ITRK) and raised its price target to 3547p (from 3231p). Story provided by
02-Aug-2016 08:20 AM

Avingtrans unit clinches EDF contract

Maloney Metalcraft, part of Avingtrans plc's energy and medical division, has won a contract with EDF Energy, worth £3.5m, to supply components for its current fleet of seven nuclear power stations across the UK. Maloney Metalcraft will suppl
02-Aug-2016 08:20 AM

Broker Forecast - Berenberg issues a broker note on Johnson Matthey PLC

Berenberg today downgrades its investment rating on Johnson Matthey PLC (LON:JMAT) to hold (from buy) and raised its price target to 3350p (from 3250p). Story provided by
02-Aug-2016 08:17 AM

De Beers encouraged by latest sales

Anglo American has announced the value of rough diamond sales (global sightholder sales and auction sales) for De Beers's sixth sales cycle of 2016, amounting to $520 million, compared with the $564 million value of the fifth sales cycle of 2016. D
02-Aug-2016 08:15 AM

Chi-Med revenues rise

Hutchison China MediTech reports group revenue up 27% to $104.5 million in the six months to the end of June (H1 2015: $82.5m) and net income attributable to Chi‑Med of $0.5 million (H1 2015: $15.9m), reflecting a sharp increase in clinical investm
02-Aug-2016 08:10 AM

Broker Forecast - Peel Hunt issues a broker note on Dunelm Group PLC

Peel Hunt today upgrades its investment rating on Dunelm Group PLC (LON:DNLM) to buy (from add) and set its price target at 1000p. Story provided by
02-Aug-2016 08:08 AM

Filtronic losses narrow

Filtronic posts a pre-tax loss of £7.0m for the year to the end of May - down from £11.0m last time. Sales revenues fell to £13.6m from £17.5m while operating losses before amortisation of intangibles, exceptional items and R&D d
02-Aug-2016 08:04 AM

Flowtech acquires Triple Six

Specialist technical fluid power products supplier Flowtech Fluidpower has strengthened its product offering in the hydraulics sector through the acquisition of Triple Six Limited Yorkshire-based TSL is a specialist designer and distributor of several r
02-Aug-2016 08:00 AM

Broker Forecast - Peel Hunt issues a broker note on Genus PLC

Peel Hunt today reaffirms its buy investment rating on Genus PLC (LON:GNS) and raised its price target to 2600p (from 1525p). Story provided by
02-Aug-2016 07:59 AM

InterContinental Hotels sees solid growth

InterContinental Hotels Group reports solid growth in the six months to the end of June with underlying operating profits up 10% at $345m. Chief executive Richard Solomons said: "We continue to execute our well-established strategy as we deliver co
02-Aug-2016 07:52 AM

BBA Aviation profits up

BBA Aviation reports a successful first half with good progress on the group's strategic initiatives and results ahead of expectations. Continuing group revenue increased by 15.7% to $1,020.6 million (H1 2015: $882.3 million). Continuing Flight Su
02-Aug-2016 07:48 AM

African Potash secures new supply deal

African Potash has signed a fertiliser supply agreement with Rockwell Fertilisers Limited, a supplier and distributor of fertilisers in Zambia. African Potash will supply Rockwell with fertiliser products (NPK and Urea) to be sold on to prospective buyer
02-Aug-2016 07:45 AM

AG Barr revenues fall

Soft drinks group A.G. Barr expects revenues for the six months to 30 July of £125m, down 2.9% year on year on a like for like basis. The group said it had been a challenging period for the UK soft drinks market with continued deflation and volume
02-Aug-2016 07:43 AM

Pendragon's H1 pretax profit down 31.3%

Car dealer Pendragon's H1 pretax profit had dropped 31.3% to £41.8m, from £60.8m. It expected its FY performance would be in line with expectations. Revenue rose to £2.33bn, from £2.29bn. Interim dividend was 0.7p a share. C
02-Aug-2016 07:40 AM

SDL posts much lower H1 pretax profit

SDL Plc has posted a much lower H1 pretax profit of £0.9m, from a year-ago profit of £6.0m. Revenue had tapered to £133.7m, from £133.9m. CEO Adolfo Hernandez said much work had been done to more clearly understand our clients&apo

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