Fri 22nd Aug 14, 08:39
Ashtead Group: Berenberg raises target price from 1110p to 1145p maintaining its buy recommendation.
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0820: UK stocks inched marginally higher at the opening bell, as expected, as investors balanced a strong overnight performance from the US and Asia with a degree of caution in the lead up to Janet Yellen's speech scheduled later today at Jackson Hole. Banking and Telecoms groups are leading this upside this morning, while miners and the LSE are much closer to the bottom of the pile, despite the latter reporting that listing had bounced back in the first quarter with an increase in both the number of companies joining its markets and the amount of money raised. The FTSE 100 is up 1.87 points at 6,779.53. 32 minutes ago
Strong first-half trading and land sales have helped house-builder Henry Boot to predict forecast-topping annual profits. 11 minutes ago
The first City appearance by the new boss of Premier Oil was a bit of an anticlimax on Thursday, according to The Times's Tempus column, though there were some signs that the oil explorer might "rediscover its mojo". 8 minutes ago
Hellermanntyton, the FTSE 250-listed cable ties specialist, said that revenues in the first half grew strongly at constant currency, helped by double-digit growth in each of its geographies. 43 minutes ago
Norman Murray, the chairman of three years at oilfield services group Petrofac, announced his resignation from the board on Friday. 1 hour ago
Little change is expected on the FTSE on Friday morning, with City sources predicting the FTSE 100 will open around three points lower than yesterday's close of 6,777.66. 1 hour ago
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It’s hard for me to think of Tate & Lyle Plc (TATE) without immediately thinking “sugar”. However, in 2010 the sugar side of the business, including use of the Tate & Lyle Sugar and Lyle’s Golden Syrup brands, was sold to American Sugar Refining as part of a major restructuring of the company.
But as an investor I’m after a different kind of sweetness; the kind that comes from a reliable dividend which grows progressively over time, and in that department Tate & Lyle is still very much a player.
The recent fundamental data out of the eurozone do not paint a nice picture for its currency, the euro. gross domestic product has contracted in the eurozone and Germany.
Let us keep in mind that Germany is the zone’s largest economy and the main contributor to growth; therefore, when Germany slows down, the whole eurozone slows down too. The eurozone’s GDP came out at 0% when the markets were expecting a contraction to 0.1%.
This is a tricky question, as we have seen the sell-off that many bears were calling for since the beginning of time, so it now seems!
My indicators show that over 50% of retailers were calling for the Dow top since it surpassed the level of 16400 on the way up, toward the end of April nearly 4 months ago!
This month I will take a look at a beaten down stock which I believe has potential to bounce back: World Wrestling Entertainment, Inc. (NYSE:WWE).
The company is an integrated media and entertainment company engaged in the sports entertainment business worldwide. It operates in four segments: Live and Televised Entertainment, Consumer Products, Digital Media, and WWE Studios. The Live and Televised Entertainment segment produces live events and provides content for its television and other programming; designs, markets, and distributes various WWE-branded products, such as t-shirts, caps, and other novelty items; and offers pay-per-view programs.
Looking at the week ahead on the currency markets, with analysts from analysts at Barclays, FXTM, FXPro and DailyFX.
In summary, there are not many macro events this week that are expected to move currencies a huge amount, after a data-intensive time last week. No major policy announcement is expected at European Central Bank (ECB) meeting on Thursday and the Bank of England (BoE) announcement on that same day is expected to be “a non-event”, as Barclays says, due to the committee’s waiting for the August inflation report on 13th August and the minutes from the meeting are not revealed until 20th August. In the US there is only the ISM non-manufacturing data and regular initial jobless claims on Thursday. The Reserve Bank of Australia (RBA) and Bank of Japan (BoJ).