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Thu 02 Sep 2010
A round-up of the biggest director deals today so far.
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Thu 02 Sep 2010
It’s looking like a subdued end to a quiet week for results with the field left wide open for airline British Airways and banana importer Fyffes to garner all the attention, at least until US non-farm payrolls data is released in the afternoon.
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Thu 02 Sep 2010
Investors looking to invest in pawnbrokers, currently enjoying a rise in popularity on the back of the strength of gold, will find better value with H&T Group shares than those of its competitor Albemarle & Bond, research firm Equity Development believes.
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Thu 02 Sep 2010
Recruitment firm Hays delivered full year results that were ahead of expectations but the outlook for the UK continues to look bleak in KBC Peel Hunt’s view, though the broker notes this is largely reflected in the price.
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Thu 02 Sep 2010
Panmure Gordon has cut its rating for bus and train group Go-Ahead Group despite Thursday’s results from the group exceeding its expectations, as the broker has concerns over the potential lack of earnings growth in the coming years.
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Thu 02 Sep 2010
Recruitment firm Hays delivered full year results that were ahead of expectations but the outlook for the UK continues to look bleak in KBC Peel Hunt’s view, though the broker notes this is largely reflected in the price.
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Thu 02 Sep 2010
Milicruit is, alas, not a recruitment site for future leaders of the Labour Party but a virtual career fair that puts together former members of the US military and potential employers in “an interactive 3-D virtual setting”. The notion has one huge advantage for companies such as UBM that operate such “events”: they are an awful lot cheaper than their real-world equivalent. UBM shares change hands on less than 12 times this year’s earnings. A good play on economic recovery, says the Times.
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Thu 02 Sep 2010
Tesco, the UK's largest supermarket, is one of 10 bidders in the £650m auction for the south-east Asian assets of French rival Carrefour. Other bidders in the first round of bids for the stores are thought to include Casino, another French retailer, Aeon, the vast Japanese supermarket group, and Dairy Farm, the Singapore retail group, the Telegraph says.
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Wed 01 Sep 2010
After a relatively quiet Wednesday, activity picks up again on Thursday with the likes of Go-Ahead Group, Hays, McBride and DSG International all set to give trading updates.
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Wed 01 Sep 2010
Johnson Service Group’s chairman John Talbot has splashed out around £445,000 in the dry cleaning business following strong first half results.
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Wed 01 Sep 2010
Mining stocks are going well with Fresnillo, Kazakhmys and Xstrata among the top risers after China's official purchasing managers' index rose to 51.7 in August from a 17-month low of 51.2 in July, causing an improvement in commodity prices and overall sentiment.
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Wed 01 Sep 2010
Inter-dealer broker ICAP is set to launch a new electronic platform for euro interest rate swaps (IRS) on 6 September, which suggests to ICAP fan Panmure Gordon that dealers are warming to the faceless alternative to telephonic transactions.
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Wed 01 Sep 2010
The flotation of loss-making grocery delivery outfit Ocado was a humbling experience for some of the City’s biggest names and a wallet-damaging one for shareholders persuaded to support it.
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Wed 01 Sep 2010
Inter-dealer broker ICAP is set to launch a new electronic platform for euro interest rate swaps (IRS) on 6 September, which suggests to ICAP fan Panmure Gordon that dealers are warming to the faceless alternative to telephonic transactions.
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Wed 01 Sep 2010
Hurricane season is underway and a 120 miles per hour category four hurricane, ‘hurricane Earl’, could hit land in North America later this year. For once, it looks as if the Gulf of Mexico will not be affected but a number of Lloyd’s syndicates will be monitoring its progress for fear it will hit the eastern seaboard of the USA.
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Wed 01 Sep 2010
Vodafone chief executive Vittorio Colao has taken about a billion of costs out of the group, which will generate free cashflow of £6.5bn over each of the next three years.
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Wed 01 Sep 2010
Greg Hutchings told The Times he believed that Tomkins investors had been short-changed in the £3.1bn Canadian takeover of the company.
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Tue 31 Aug 2010
It is looking like a relatively quiet day for company results on Wednesday, with only IQE, Johnson Service Group and Hargreaves Lansdowne officially scheduled to announce figures though, as ever, there are bound to be some unscheduled announcements.
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Tue 31 Aug 2010
Vedanta chairman Anil Agarwal has tightened his grip on the Indian copper miner, buying £2.8m worth of shares.
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Tue 31 Aug 2010
Oil stocks are under pressure amid low crude prices, as global economic worries continue.
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