Wed 23rd Jul 14, 14:31
The share price ofGlaxoSmithKline tanked 6% on Wednesday afternoon, leading the fallers on the FTSE 100, as the drugmaker disappointed with a 4% drop in quarterly sales to £5.6bn and lowered its full-year outlook. It now expects to deliver 2014 full-year core earnings per share "broadly similar to last year", down from its previous estimate of 4-8% growth.
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A slump in the share price of GlaxoSmithKline dragged the pharmaceuticals and biotechnology sector into the red on Wednesday as the drugmaker disappointed with a drop in quarterly sales and its full-year outlook. 31 minutes ago
Fuelled by its highest ever level of bid pipeline prospects, outsourcing group Capita beat expectations with first half results, including £1.3bn of new contracts from an ever-broadening customer base that ranges from John Lewis to Transport for London and the Ministry for Justice (MoJ). 8 minutes ago
Profits were better than expected at Morgan Advanced Materials (MGAM) in the first half of the year, with a much improved order book in spite of the "mixed" market and depressed revenues from its defence arm. 1 hour ago
UK mortgage approvals rose in June despite the introduction of stricter rules on borrowing, data from the British Bankers' Association (BBA) revealed on Wednesday. 2 hours ago
US stock futures were on the rise on Wednesday with investors focusing on strong corporate earnings from the likes of Boeing, Delta Air Lines and PepsiCo. 31 minutes ago
Investec said it sees momentum building at Capita after a "strong set of interims" from the outsourcing group, which revealed double-digit organic growth and operating margins. 2 hours ago
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Germany-focused workspace owner and operator Sirius Real Estate (SRE) has restructured its property portfolio and returned to the dividend list.
Sirius owns and operates 33 business parks, industrial facilities and offices in Germany. The company offers flexible workspace predominantly aimed at small and medium-sized companies, although it also has large companies, such as Siemens, as clients. There is more than one million square metres of lettable space.
Using technical analysis and the market fundamentals to review what happened to affect the major currencies last week and a look ahead for the big currency pairs this week.
Looking at the euro versus the dollar, analyst Jameel Ahmed from FXTM said the signs of a short-term bullish trend line in the EUR/USD that began to form the week prior turned out to be exactly that, a short-term bull.
With the Dow, S&P, NASDAQ, FTSE 100, DAX, FTSE 250 and RUSSELL 2000 sitting at either all-time highs or near multi-year highs it may feel like all the deals and bargains have gone. But determined stockpicking can still find undervalued gems.
This month I will take a look at a stock which I think still has tremendous value even after the recent bounce: Blackberry (NYSE:BBRY)
The Head and Shoulders indicator is another method used in forex trading to forecast a future price reversal.
As it is generally accepted that prices operate in trends, by tracking these trends and assessing them, traders can forecast how the market is moving and plan their strategies to take advantage of price reversals.
NAHL (NAH), the owner of National Accident Helpline, may on the face of it appear to be a legal business but it is really an outsourced marketing business. This means that cash flow is positive unlike its legal clients who have to wait ages to get paid. That means that NAHL Group Plc can offer an attractive yield.
The business floated on AIM at 200p a share at the end of May 2014. Enough new money was raised to pay the costs of the flotation while the rest of the £35m went to existing shareholders.