Late rally fails to push FTSE up to 6,000 February 22, 2011 The FTSE rallied valiantly this afternoon on the back of strong US consumer confidence data, after incurring a morning of losses from concern over the ongoing Libya crisis. Banks and commodities suffered from concerns that crude oil prices would spike and knock the global recovery, and the FTSE 100 closed down 0.3 per cent at [...]
ANALYST VIEWS: HOW DO YOU RATE OCADO’S CHANCES NOW THE COMPANY HAS FLOATED? July 21, 2010 CLIVE BLACK | SHORE CAPITAL “We believe that a revised 180p issue price is still far too high for Ocado at this juncture, which has been reflected by the market. To our minds the reputation of the company and the stock can only be tarnished by recent events, which is a shame for all concerned. [...]
ANALYST VIEWS: HOW DO YOU RATE OCADO’S CHANCES NOW THE COMPANY HAS FLOATED? July 21, 2010 CLIVE BLACK | SHORE CAPITAL “We believe that a revised 180p issue price is still far too high for Ocado at this juncture, which has been reflected by the market. To our minds the reputation of the company and the stock can only be tarnished by recent events, which is a shame for all concerned. [...]
Betfair tanks after falling at first hurdle December 14, 2010 RACING certainty Betfair yesterday dismayed punters after reporting lower than expected half-year earnings. The online gambling firm had ridden a lucky streak since its £1.4bn flotation earlier this year. But its pre-tax profits dipped 18.9 per cent to £7.4m after taking account of one-off items including the cost of its IPO, down from £9.2m the [...]
Ocado offers top shoppers share chance June 7, 2010 ONLINE supermarket Ocado has offered its most loyal customers the chance to buy shares if it goes ahead with plans to float on the London Stock Exchange. Chief executive Tim Steiner told customers in a letter yesterday that anyone who has spent £300 with the online grocer this year would be eligible to participate in [...]
Fresh Ocado deal boosts plans to float May 26, 2010 OCADO has struck a new 10-year partnership deal with Waitrose – strengthening its position as it presses ahead with plans to float. The two firms said yesterday they had sealed a deal under which Ocado will be able to continue selling Waitrose products until September 2020. A previous agreement had been due to expire in [...]
FTSE 100 rebounds as banks rally and miners pare losses January 5, 2011 BRITAIN’S top shares rallied yesterday after employment data from the US showed the economic recovery was picking up steam, which helped miners and oil stocks pare losses and banks rally. The FTSE 100 closed up 29.99 points, or 0.5 per cent, at 6,043.86, bouncing off a session low of 5,964.43. Miners pared losses and oil [...]
FTSE 100 rebounds as banks rally and miners pare losses January 5, 2011 BRITAIN’S top shares rallied yesterday after employment data from the US showed the economic recovery was picking up steam, which helped miners and oil stocks pare losses and banks rally. The FTSE 100 closed up 29.99 points, or 0.5 per cent, at 6,043.86, bouncing off a session low of 5,964.43. Miners pared losses and oil [...]
FTSE climbs up from sluggish start January 24, 2011 From a sluggish start, the FTSE climbed until almost back through the 6,000 barrier, before falling slightly to close up 47.6 points or 0.81 per cent at 5,943.85. Defensive stocks gave the index strength while the market shrugged off early fears about banks after Saturday’s speech by John Vickers, chair of the Independent Commission on [...]
Numis full-year profits up 87 per cent as it adds new clients and capabilities December 1, 2010 INVESTMENT banker and broker Numis has strengthened its position, reporting improved profits as well as growing its client portfolio, it reported in its full-year results yesterday. Operating revenues rose nine per cent to £51.9m, from £47.5m the previous year, and profit before tax grew 87 per cent to £7.9m from £4.2m, excluding one-off charges relating [...]