WS Atkins on track for the year April 9, 2014 Engineering consultancy WS Atkins yesterday said it traded well during the fourth quarter with strong cash flow generation, and expects to report full-year results in line with expectations. The FTSE 250 firm said it expects its UK operating margin to have improved in the second half of the year as a result of selling its [...]
Brammer eyes bolt-on acquisitions April 9, 2014 Industrial services firm Brammer yesterday said it has placed 11,300,407 new shares, equating to 9.6 per cent of its share capital, to raise around £53.7m. The London-listed company said the proceeds would be used to fund bolt-on acquisitions in Europe. It has signed letters of intent with, and is currently evaluating, a number of opportunities.
Gulf Keystone prices £149m bond April 9, 2014 Kurdistan-focused oil explorer Gulf Keystone yesterday said it has priced a $250m (£149m) three-year senior unsecured bond, with a yield of 13 per cent per year. The company, which recently moved to London’s main market, said the proceeds would be used to fund the continued development of its flagship Shaikan oil field and other fields.
Best of the Brokers for 10 April 2014 April 9, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com KINGFISHER UBS has boosted Kingfisher from a “neutral” to a “buy” rating with its target price rising from 440p to 470p. The broker believes the home improvement retailer’s proposed deal to buy the French hardware firm Monsieur Bricolage could boost earnings per share by [...]
London Report: Housebuilders help FTSE to a modest bounce April 9, 2014 BRITAIN’S blue-chip stock index staged a technical bounce yesterday, helped by a rally in housebuilders as analysts flagged buying opportunities in shares that have underperformed recently. The FTSE 100 had shed 1.6 per cent over the previous two days. However, charts showed the trend for the index remained up and investors were still prepared to [...]
New York Report: Dovish Federal Reserve tone boosts shares April 9, 2014 US STOCKS rallied yesterday after minutes from the Federal Reserve’s latest policy meeting showed a more supportive stance than investors had previously expected. All three major US stock indexes ended up more than one per cent, with eight of the 10 S&P 500 sector indexes closing higher. Internet and biotech stocks were among the day’s [...]
Champions League: Moyes: Euro exile won’t hinder United April 9, 2014 BAYERN MUNICH 3 MANCHESTER UNITED 1 (Bayern win 4-2 on aggregate) MANCHESTER United manager David Moyes is adamant his club will still attract top players to Old Trafford despite last night’s Champions League elimination all-but signalling an end to their presence among Europe’s elite next season. Patrice Evra lashed in the opening goal to give [...]
FA defeats Hull Tigers name plot April 9, 2014 HULL City fans will set off for Wembley this weekend already toasting a victory after the Football Association rejected controversial plans to change the club’s name to Hull Tigers. The FA Council yesterday voted against Hull owner Assem Allam’s application – a decision that cannot be appealed. Campaigners City Till We Die hailed “a victory [...]
Football looks to tighten bet rules April 9, 2014 FOOTBALL Association shareholders will vote in May on proposals for a blanket ban on anyone involved in the top eight tiers of English football betting on any aspect of the game worldwide. The FA Council made the recommendation ahead of this summer’s annual general meeting. Current rules prohibit anyone placing a bet on a match [...]
I made a mistake: Pistorius tells court of Reeva’s fatal shooting April 9, 2014 PARALYMPIC star Oscar Pistorius insisted he killed girlfriend Reeva Steenkamp by “mistake” yesterday as he came under fierce cross-examination for the first time in his murder trial. Prosecutor Gerrie Nel asked the South African to look at a graphic image of Steenkamp’s fatal head wounds in court, urging him to “take responsibility”. “It’s time that [...]
