Wolrd Health Organization: Ebola outbreak cases pass 10,000, death toll nears 5,000 October 25, 2014 There have been over 10,000 cases of the Ebola outbreak and nearly 5,000 deaths, the World Health Organization (WHO) has confirmed in its latest situation report update. The total death toll from the latest outbreak has risen to 4,922 while the number of recorded cases stands at 10,141. All but 27 of those [...]
GlaxoSmithKline considers £17bn HIV wonder drugs split with Viiv Healthcare IPO October 22, 2014 Pharma giant GlaxoSmithKline (GSK) is considering floating its HIV drugs business in a move that would see Viiv Healthcare among the top 40 companies in the FTSE 100 with a market valuation of up to £17bn. Chief executive Andrew Witty told reporters yesterday: “In line with our commitment to identifying ways to realise shareholder value, [...]
Indian summer hurts shop sales in September October 7, 2014 HIGH street sales growth came to a grinding halt last month for the first time since February after Britain’s Indian summer put shoppers off stocking up on winter clothing, according to new research out today. Accountancy firm BDO’s monthly high street sales tracker shows sales dipped by 2.9 per cent in September, ending the first [...]
Best of the Brokers for 7 October 2014 October 6, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com MODERN WATER Numis reiterated its “buy” rating with a target price of 62p. Modern Water announced its largest ever contract yesterday, as preferred bidder to design and build a wastewater treatment plant in Gibraltar. The broker said this was “clearly a very important [...]
Banks lead the pack as FTSE bounces back – London Report October 6, 2014 GAINS in major bank stocks led Britain’s benchmark equity index higher yesterday, and troubled supermarket group Tesco rose after new board appointments. The blue-chip FTSE 100 index, which fell to its lowest closing level in nearly a year last week, closed up by 0.6 per cent, or 35.74 points, at 6,563.65 points. Among the financials, [...]
Shares in high street retailers cool on Next’s warm weather warning September 30, 2014 SHARES in the UK’s biggest clothing retailers slumped yesterday after industry bellwether Next warned it might have to cut its profit forecast if the warm weather continued. Next said third-quarter sales to date were up six per cent rather than the 10 per cent it had forecast as the mild September weather deterred shoppers from [...]
Next’s bad weather forecast casts dark shadow on markets – London Report September 30, 2014 BRITAIN’S top share index slid yesterday, with retailers falling after Next said it would have to lower its full-year profit forecast if the unusually warm weather continued. The FTSE 100 fell 23.88 points, or 0.36 per cent, to 6,622.72 points. Britain’s Number. 2 clothing retailer’s warning sent its shares down 3.79 per cent to 6,605p while [...]
Next share price slides as it warns balmy September weather “might hit profit forecast” September 30, 2014 Next shares opened four per cent lower as the retailer warned it could be forced to lower profit guidance if the "unusually warm" September weather continues. In a trading statement posted this morning, the retailer said despite "several very strong weeks" during August's dip in temperatures, September's warmer weather "had the reverse effect". It now [...]
Tesco’s week from hell: £250m black hole, 16 per cent fall in share price since Friday September 26, 2014 Was this the week Tesco hit rock bottom? Having discovered a huge black hole in its finances, shares have fallen from Friday's closing price of 229.6p, to a low of 191.23p in early morning trading today. That's a fall of almost 17 per cent. Here's a handy, cut-out-and-keep guide to Tesco's week from hell Monday [...]
Dragon Piers Linney’s Outsourcery sees share price fall on revenue growth miss September 24, 2014 Cloud computing firm Outsourcery, led by co-chief executive and BBC Dragons’ Den star Piers Linney, saw its shares fall 7.7 per cent yesterday to 15p as investors sold stock due to partners, including Vodafone, generating revenues for the firm slower than expected. Outsourcery reported a 65 per cent jump in revenue to £3.4m as [...]