Tuesday, 2nd September 2014

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News & Reports

FTSE 250 movers: Redrow joins housebuilder slide despite strong results

Tue 2nd Sep 14, 14:36

Benjamin Chiou

Housebuilders were among the worst performing stocks on the FTSE 250 on Tuesday afternoon as rate-hike speculation continued to dominate sentiment. Data released earlier in the session showed that UK construction activity reached a seven-month high in August.

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Results Round-up

Johnson Service Group has delivered positive first-half results after the acquisition of textile rental business Bourne Services Group. 12 minutes ago

FTSE 100 movers: Weir upgraded, mining stocks gain

Engineering firm Weir Group was a high riser on Tuesday after Credit Suisse upgraded the shares from 'neutral' to 'outperform' and hiked its target price from 2,540p to 3,060p. The bank said that the stock offers "a better relative risk return profile" near term than sector peer IMI which it downgraded to 'neutral'. 40 minutes ago

Cpl Resources' profit up 17% on improving Irish economy

Cpl Resources said on Tuesday it expects to perform in line with market expectations after seeing a 17% jump in profit before tax during the year ended 30 June 16 minutes ago

Escher up on Insomnia Coffee retail contract

AIM-listed software provider Escher has been signed up by Irish coffee retail chain Insomnia Coffee to provide a fully managed mobile wallet service at its outlets. 14 minutes ago

Broker tips: Tesco, Barclays, Weir

Santander has downgraded its recommendation for Tesco from 'buy' to 'hold' in the aftermath of last week's profit warning and dividend cut. 2 hours ago

Tesco's shares are "dead money at best", Santander downgrades

Santander has downgraded its recommendation for Tesco from 'buy' to 'hold' in the aftermath of last week's profit warning and dividend cut. 2 hours ago

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