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Market buzz

Norcros chairman builds holding

Norcros chairman builds holding

Fri, 19 September 2014

Norcros chairman Martin Towers has acquired 120,000 shares in the home consumer products group. Towers, who is also a non-executive director, purchased the shares at 16.22p each for a total spend of £... [more]

Sector movers: Mining stocks track metal prices lower

Sector movers: Mining stocks track metal prices lower

Fri, 19 September 2014

Mining stocks didnt join in with the post-Scottish referendum euphoria on Friday with share prices in the sector down an average 0.6% in afternoon trade. A broad sell-off of commodity prices was weigh... [more]

Broker tips: Aveva, Chemring, Domino Printing

Broker tips: Aveva, Chemring, Domino Printing

Fri, 19 September 2014

UBS has substantially reduced its target price for Aveva after the engineering software group's recent profit warning, but has kept a positive stance on the stock, saying "it would be wrong to sell no... [more]

 UBS keeps the faith in Aveva despite recent profit warning

UBS keeps the faith in Aveva despite recent profit warning

Fri, 19 September 2014

UBS has substantially reduced its target price for Aveva after the engineering software group's recent profit warning, but has kept a positive stance on the stock, saying "it would be wrong to sell no... [more]

Canaccord upgrades Chemring to 'hold' after turnaround

Canaccord upgrades Chemring to 'hold' after turnaround

Fri, 19 September 2014

Shares of aerospace, defence and security technology group Chemring were given a boost on Friday after Canaccord Genuity lifted its rating from 'sell' to 'hold' and hiked its target price from 160p to... [more]

Investec welcomes "reassuring" update from Domino Printing

Fri, 19 September 2014

Investec has remained positive on shares of Domino Printing Services after inkjet and laser printing company delivered a "reassuring" trading update on Friday. Reported sales were up 5% in the first 1... [more]

Market overview: Alex Salmond may resign, reports say

Fri, 19 September 2014

1635: Scotland“s Alex Salmond has indicated his intention to resign, Spain“s El Pais reports. 1429: Quantitative easing (QE) by the European Central Bank is now the baseline scenario from Barcla... [more]

Friday newspaper round-up: Scottish referendum, Diageo, Alibaba...

Fri, 19 September 2014

"Alex Salmond's dream of Scottish independence was dashed today after voters threw their support behind the United Kingdom in a result that promises to bury the separation issue for at least a generat... [more]

Friday preview: Referendum result due at 7am, BoE on 'stand-by'

Thu, 18 September 2014

Rather politely, there is a dearth of major macroeconomic news and planned company announcements due on Friday, as Scotland's independence referendum result is delivered. The final opinion polls befor... [more]

Griffin Mining non-exec adds 350,000 shares

Thu, 18 September 2014

A non-executive of Griffin Mining has added to his already large stake in the company with an additional 350,000 shares. Adam Usdan, who joined the company earlier in the year and is also a founding s... [more]

Sector movers: Precious metal miners fall as gold sinks after FOMC

Thu, 18 September 2014

Heavy falls in the prices of gold and silver saw precious metal miners drop on Thursday after the Federal Reserve lifted its outlook for interest rates. While the Federal Open Market Committee on Wedn... [more]

Broker tips: Easyjet, Diageo, Booker

Thu, 18 September 2014

Numis Securities repeated its 'buy' rating for Easyjet on Thursday, hailing the budget airline's decision to lift its dividend payout ratio and order 27 new planes from Airbus. "We believe that the di... [more]

Nomura rules out M&A at Diageo but still sees upside

Thu, 18 September 2014

Diageo's upcoming first-quarter results are expected to be weak and major M&A is unlikely, according to Nomura, though the broker said it still sees upside as it reiterated its 'buy' stance for the Gu... [more]

Peel Hunt hails "encouraging" Q2 from Booker

Thu, 18 September 2014

Peel Hunt said it continues to see "signficant upside" at Booker after a decent second-quarter update, and the future looks bright for the wholesale retailer. The broker kept a 'buy' recommendation an... [more]

Numis hails new Easyjet divi policy, Airbus order

Thu, 18 September 2014

Numis Securities repeated its 'buy' rating for Easyjet on Thursday, hailing the budget airline's decision to lift its dividend payout ratio and order 27 new planes from Airbus. Easyjet announced that ... [more]

Market overview: Evraz said to prepare IPO of North American unit

Thu, 18 September 2014

1623: Evraz is preparing a spin-off or IPO of its North American unit. 1558:There are reports of brokers in the Square Mile are telling their traders that they will be expected to work longer shifts a... [more]

Thursday tips round-up: Smiths Group, Dignity

Thu, 18 September 2014

Shares of Smiths Group took a hit after the company announced that strength in sterling had knocked 8% off its operating profits for the year ended in July and that one of its five business units was ... [more]

Thursday newspaper round-up: Scottish independence referendum, Bank of England, Federal Reserve

Thu, 18 September 2014

Thursday’s independence referendum is Scotland’s “day of destiny”, claims The Scotsman. After two and a half years of campaigning, Scotland has to decide whether it will remain... [more]

Thursday preview: Scots vote on independence from the UK

Wed, 17 September 2014

Scotland’s referendum on independence from the UK will take centre stage on Thursday. Polls have been too close to call ahead of the vote. In the latest prediction, Irish bookmaker Paddy Power ... [more]

Hydrogen CEO shows confidence in restructuring

Wed, 17 September 2014

The day after recruiter Hydrogen Group published interim results, chief executive Tim Smeaton dipped into the market to top up his holding with 35,000 ordinary shares at a price of 88p. The £30,800 pu... [more]

Sector movers: Tech stocks sparked by Imagination

Wed, 17 September 2014

Technology stocks were on the rise on Wednesday as a well-received update from chipmaker Imagination Technologies gave the sector a boost. Imagination's shares were up 5.6% at 199.6p in afternoon trad... [more]

Broker tips: Imagination Technologies, IG Group, ASOS

Wed, 17 September 2014

A corner is being turned at Imagination Technologies after an in-line first quarter, according to Investec, though the broker kept a 'hold' recommendation on the stock ahead of an uncertain second hal... [more]

IG Group offers "good value" but Numis cuts estimates

Wed, 17 September 2014

Numis Securities has kept an 'add' rating for spreadbetting group IG Group but has trimmed its forecasts after a poor first-quarter update from the firm. A particularly quiet summer in the financial m... [more]

Deutsche Bank downgrades ASOS to 'hold'

Wed, 17 September 2014

Deutsche Bank has lowered its stance on ASOS from 'buy' to 'hold', saying that the online fashion retailer is attempting to maintain growth at the expense of its margins. A profit warning from the com... [more]

Imagination Tech turning a corner but Investec stays at 'hold'

Wed, 17 September 2014

A corner is being turned at Imagination Technologies after an in-line first quarter, according to Investec, though the broker kept a 'hold' recommendation on the stock ahead of an uncertain second hal... [more]

FTSE 100 Top Risers

Name Last Chg.% Time
3i Group 398.90 3.29 17:11
St James's Place 721.00 3.00 17:13
Royal Bank of Scotland Group 366.00 2.46 17:13
Babcock International Group 1,091.00 2.44 17:11
Ashtead Group 1,059.00 2.32 17:11

FTSE 100 Top Fallers

Name Last Chg.% Time
Randgold Resources Ltd. 4,355.00 -1.69 17:13
Rio Tinto 3,179.00 -1.56 17:13
Wolseley 3,315.00 -1.40 17:15
BHP Billiton 1,793.50 -1.27 17:11
Barratt Developments 398.70 -1.26 17:11