Editor's Picks
Angle rises sharply on patent award
Tuesday 23 Aug 2011
Technology firm incubator Angle saw an acute increase in its share price after one of its subsidiaries was granted a US patent.
FTSE 100 Movers: G4S heads north after growth acceleration
Tuesday 23 Aug 2011
Security services provider G4S saw its share price take a leap after it said it is seeing organic revenue growth accelerating in most regions and business sectors, as the global economy continues its recovery from the recession.
Strong asset growth at Capital and Regional
Tuesday 23 Aug 2011
Capital and Regional shot higher on Tuesday after announcing strong growth in net assets per share. The specialist property company said net assets at the end of June were worth 56p per share, up 12% from the year-end figure. On a European Public Real Estate Association (EPRA) basis, net asset value per share climbed 11% from the year-end level to 63p.
Europe midday: Gains pared
Tuesday 23 Aug 2011
European markets remain buoyant, though prices have come off the top, despite expectations of the Dow Jones sporting a treble-digit gain when Wall Street opens for trade this afternoon.
London midday: Stocks stay buoyant as bid talks boost Charter
Tuesday 23 Aug 2011
The FTSE 100 remains buoyant, with some action on the mergers & acquisitions front giving traders another distraction from ongoing global economic concerns. Engineering group Charter International has confirmed speculation that it has received a second offer following a previous one from rival Melrose
Premium broker snap: Sell-off at Segro looks overdone, says Matrix
Tuesday 23 Aug 2011
Matrix has maintained its buy rating on real estate investment trust (REIT) Segro, following the firm’s recent share price tumble.
Broker snap: H&T makes good interim progress, says FinnCap
Tuesday 23 Aug 2011
FinnCap says that H&T Group has made good progress in its core areas, and reiterates its buy rating on the pawnbroker.
Tower Resources trying to stay on schedule
Tuesday 23 Aug 2011
Tower Resources, the Africa-focused oil exploration company, says it is one month away from deciding on a suitable well location for its Uganda concession. This follows a 2D seismic survey which finished on the 4th of August.
H&T's profits helped by rising gold prices
Tuesday 23 Aug 2011
Pawnbroker H&T said that it predicts full-year results to beat current estimates after a strong first half which was driven by a soaring gold price. "The outlook remains positive and on the basis of the current gold price we are pleased to announce our expectation for full year results to be above the top end of current market forecasts,” said chief executive John Nichols.
UK Commercial Property Trust sees NAV fall
Tuesday 23 Aug 2011
UK Commercial Property Trust (UKCPT) saw a slight decline in its net asset value per share in the first half of 2011 to 76.9p, from 77p in the previous six months.
Broker snap: UBS cuts target for Micro Focus
Tuesday 23 Aug 2011
Following Monday’s announcement that signalled the end to bid talks at legacy software firm Micro Focus International, Swiss investment bank UBS has slashed its target price on the stock from 450p to 380p.
UBS will cut 3,500 jobs to reduce costs
Tuesday 23 Aug 2011
UBS plans to eliminate 3,500 jobs, mostly from the investment banking unit, in a plan to reduce annual costs by 2bn Swiss francs in 2013.
Hochschild celebrates record-breaking half
Tuesday 23 Aug 2011
Hochschild Mining, the FTSE 250 Americas-focused gold and silver miner, achieved record sales and profits in the six months ended 30 June, giving it the confidence to hike its interim dividend by 50%. “Hochschild's operations have experienced a robust first half, maintaining an emphasis on rigorous cost control and reaping the...
Europe open: UBS rises after announcing job cuts
Tuesday 23 Aug 2011
Bourses are on the front foot this morning as cautiously optimistic investors dip their toes in following heavy falls recently.
Tuesday tips round-up: HR Owen, HSBC, Essar Energy
Tuesday 23 Aug 2011
Andy Duncan, chief executive of luxury car dealership HR Owen, decided to “rebase” — in other words “cut” — the dividend. At first glance, this looks strange for a company that has reported a doubling of pre-tax profit and an 18 per cent improvement in revenue. The company, which sells luxury brands ranging from Rolls-Royce to Lamborghini, is planning to move to a dividend cover of between 1½ and
Confident Persimmon hikes divi by a third
Tuesday 23 Aug 2011
Persimmon, the house builder, saw underlying profits surge in the first half of 2011 on the back of gross margin gains and a more efficient capital structure.
London open: FTSE 100 gains as Antofagasta and G4S impress
Tuesday 23 Aug 2011
The top share index has continued its rally with the recent gloom seemingly giving way to cautious optimism. Miners are in demand amid a perception that recent falls on worries over global economic growth may be overdone. Among the risers is South America-focused copper group Antofagasta which posted a sharp rise in profits for the six months to 30 June.
John Wood sees revenues rise
Tuesday 23 Aug 2011
John Wood Group, the rapidly transforming oil and gas services firm, is seeing 'good momentum' across its business, with the order book remaining strong and the bid pipeline healthy.
London pre-open: Revival set to continue
Tuesday 23 Aug 2011
Footsie is tipped to open with a 50 point gain, continuing yesterday afternoon's revival.
Market overview: FTSE 100 up 59
Tuesday 23 Aug 2011
Time: 0820: Just a handful of FTSE 100 stocks are posting losses this morning as the leading share index continues its rally. Miners are prominent among the risers, including Antofagasta, which has posted a sharp rise in interim profits helped by the rising copper price. FTSE 100 up 59 at 5,154.
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