ANALYST VIEWS: ARE ITV’S RESULTS AS GOOD AS THEY LOOK? March 2, 2011 LORNA TILBIAN | NUMIS ITV was one of our key picks for 2011 and we retain our ‘buy’ recommendation. The first-quarter is up 12 per cent and April is currently 8-12 per cent better, though comparatives get markedly harder through 2011, particularly due to the World Cup. We are raising our target price to 115p. [...]
Business polls still point to UK recovery April 3, 2011 BUSINESS surveys continue to point to a rebound in growth for the first three months of this year, but economists are divided on the extent to which the UK economy will recover. Business surveys due out today and tomorrow, which cover March, will reveal the level of progress in the construction and services sectors, which [...]
Growth forecasts to be cut March 20, 2011 BRITAIN’S projected rate of economic recovery will be downgraded by the government’s fiscal watchdog this week, analysts expect. In November the Office for Budget Responsibility (OBR) predicted 2.1 per cent growth for 2011 – considerably above most recent independent forecasts. “We suspect that the OBR will lower its shorter-term GDP projections,” commented Investec’s Philip Shaw. [...]
BEST OF THE BROKERS February 3, 2011 IG GROUP Investec rates the trading and betting firm “buy” with a target price of 625p. The broker believes that a return to volatility and continued growth in the UK and abroad could lead to material upgrades to its forecasts, despite a small downgrade due to a drop in Japanese business. Investec predicts revenues of [...]
BEST OF THE BROKERS February 3, 2011 IG GROUP Investec rates the trading and betting firm “buy” with a target price of 625p. The broker believes that a return to volatility and continued growth in the UK and abroad could lead to material upgrades to its forecasts, despite a small downgrade due to a drop in Japanese business. Investec predicts revenues of [...]
Property experts tip residential as a prime target for investment January 30, 2011 PROPERTY investors plan to cash in on the fragile parts of the residential market over the next 12 months, according to survey figures released today. Just 13 per cent of the 146 property professionals surveyed by Investec believe that residential property values will go up in the next year. Almost half (49 per cent) expect [...]
Inmarsat snaps up Norwegian satellite specialist for £100m March 31, 2011 INMARSAT, the global satellite communications specialist, yesterday said it was buying Norway’s Ship Equip for $159.5m (£100m). The FTSE 100 firm said Ship Equip, which generated revenues of $56m in 2010, would allow it to expand its high-speed communications business, which provides services to the shipping, offshore oil & gas and fishing industries. Inmarsat said [...]
FTSE closes at two-month high despite light volumes April 26, 2011 aBRITAIN’S FTSE 100 closed at its highest level in over two months yesterday, albeit in light volumes, as earnings from the US and Europe supported gains ahead of results from UK companies such as ARM and BP. The blue-chip FTSE 100 closed up 0.9 per cent at 6,069.36, with volumes still thin after the four-day [...]
FTSE closes at two-month high despite light volumes April 26, 2011 aBRITAIN’S FTSE 100 closed at its highest level in over two months yesterday, albeit in light volumes, as earnings from the US and Europe supported gains ahead of results from UK companies such as ARM and BP. The blue-chip FTSE 100 closed up 0.9 per cent at 6,069.36, with volumes still thin after the four-day [...]
ECONOMIST VIEWS: IS THE GOVERNMENT ON COURSE TO SLASH THE DEFICIT? February 22, 2011 HETAL MEHTA | DAIWA CAPITAL The figures are a relatively small improvement from a wretched position last year when we had the first ever January deficit. The government still has a long way to go in terms of reining in its expenditure. Next month’s budget will show how committed it is to bringing the public [...]