Top Global Stock Indexes Expected to Finish 2012 With Solid Gains
The booming emerging markets may spearhead a further rise in global stock indexes as the growth spurt enjoyed by some major Western markets since the start of the year declines.
Serco Group Maintains Robust Order Book, Sees Good Revenue Visibility and Tough US Market Ahead
Serco's order book stood at almost £18 billion at the end of the year 2011, providing revenue visibility of 92 percent for 2012, 80 percent for 2013 and 70 percent for 2014.
Centrica to Boost Upstream UK Oil and Gas Production by 25 Percent
Centrica holds a position of the third biggest producer of gas in the Britain continental shelf and plans to increase upstream UK gas and oil production by over 25 percent during the current year.
Logica Expects No Change in FY 2012 Guidance, Invites Partners to Develop Innovative Products
Logica Plc announced that it is looking to partner with the world's most forward-thinking enterprises through its Global Innovation Venture Partner (GIVP) programme to develop most innovative products and solutions.
InterContinental Hotels Group Capitalises Robust Chinese Demand to Drive Future Growth
Credit Suisse raised IHG's full-year 2013 profit earnings per share by 7 percent and observes scope for 32 percent improvement to 2014 consensus estimates, provided sustained trading momentum.
easyJet Sees Tough Environment Ahead, Expects No Change in H2 Performance
easyJet Plc, Europe's second-largest low-cost carrier, in its pre-close trading statement said at constant currency basis it expects total revenue per seat for the first half will be better than expected at a little over 10 percent
BoE to Face Dilemma on QE Call, Expects Slow Recovery in 2012
The Bank of England (BoE) is expected to take a call on whether to extend its £325 billion quantitative easing to support the economy when it meets this week, as it cannot ignore Britain's above-target inflation even though official data shows the country is back into recession.
Gold Prices to Soften in 2012, Rally Expected in Silver and Platinum Prices
Gold continues to rally this year and also in 2013, however according to a poll conducted by Reuters reveal that analysts are withdrawing the earlier forecasts of gold prices crossing a $2,000 an ounce mark.
HSBC Targets 12-15 Pct Return for Shareholders by 2013, Aims for Reshaped Group
HSBC Holdings Plc generated a return on shareholders' equity of 10.9 percent during 2011 and it expects that by the end of 2012 it will develop a clear route towards meeting its target of 12-15 percent by the end of 2013.
Rolls-Royce Upbeat on 2012 Performance; S&P Sees Stable Outlook
Last month, S&P's Ratings Services raised its long-term and short-term corporate credit ratings of Rolls-Royce Plc to 'A/A-1' from 'A-/A-2' and said the group's outlook is stable. The rating was upgraded after the strong operating, financial performance and stable cash flow generation by British aerospace group.
Diageo Reports Strong Q3 Sales, Expects Weak Dollar to Impact FY Profits Adversely
Diageo Plc said its net sales increased 11 percent for the third quarter ended March mainly due to the acquisitions of Mey Icki, Serengeti Breweries and Meta Abo Breweries.
BG Group Raises LNG Profit Outlook, Targets 7% Annual Growth in Production Till 2020
According to Shore Capital, BG Group is likely to be the major British large-cap gaining from rising oil prices as integrated oil peers 'struggle for the same degree of leverage' to the rising cost of crude.
Diageo Bets on Fast Growing Emerging Markets, Cautious on Trends
Diageo Plc is expanding into fast-growing emerging markets with a cautious view on the consumer and economic trends in 2012,
Home Retail Shares Plunge on Pre-Tax Profit Fall, Declares No Dividend
Home Retail Group reported a fall in its full-year profits, as the spending in the group's markets declined further than the expectations with many customers facing pressures on the amount of disposable income.
Standard Chartered Misses Previous 10 Pct Growth Target, Shares Slide
Standard Chartered said its first-quarter revenue rose less than its previous 10 percent target, as the strength of the US dollar against Asian currencies impacted income growth. The bank in February forecasted 'double-digit' growth in revenue and in earnings per share for this year.
Avon Rubber Upbeat on Future Growth, Accelerates Investments in New Product Development
Avon Rubber Plc anticipates making further progress in FY 2012 despite an uncertain outlook for global defence spending, as the timing of filter deliveries is likely to result a greater second half year weighting.
Carillion Sees Good Revenue Visibility in 2012 and Beyond, Secures 'Buy' Rating
Carillion Plc reported 2011 profits at the top of expectations and won a 10-year property management deal worth £700 million with Oxfordshire Council. Given the wider economic outlook, the group expects trading conditions to remain challenging in 2012.
BP Set to Restructure Business Portfolios, Expects High Margin Production Ahead
British Petroleum Plc expects to divest assets of $38 billion by the end of 2013 as a part of group's decision to actively manage its business portfolios around the world, focusing on core activities and future growth.
Man Group Has Positive Momentum, Says Societe Generale, While UBS Sees M&A Potential
Man Group Plc has made a strong start to 2012 with combined business power counterbalancing weaker performance at AHL, but Singer Capital downgrades its estimates ahead of the group's first quarter interim management update on Tuesday.
Aberdeen Asset Management Shares Hit 10-Year High After First Half Profit Release
Aberdeen Asset Management's portfolio nears £185bn as group ups dividend by 4.4 percent
Aberdeen Asset Management Set to Deliver Strong H1 Performance, Added to Brokers 'Buy' List
Driven by the recovery in investor confidence and risk appetite, Aberdeen Asset Management reported net new inflows of £1.4 billion during the first two months of 2012. The group is scheduled to release its interim results for the six months ended March 31 on Monday, April 30.
Harvey Nash to Beat Full-Year Forecasts; Better Placed than Peers to Prosper, Says Panmure Gordon
Harvey Nash Group raised its profit outlook as it expects full-year results to be ahead of expectations, driven by skills shortages in niche markets and fast growing digital and mobile markets which continue to boost demand for technology professionals.
WPP Q1 Earnings Beat Expectations, Raises Full-Year Guidance
WPP PLC has posted a rise of 7.6 percent in its first-quarter revenues at £2.392 billion, as it achieved growth in all regions and business sectors, particularly in Asia Pacific and Latin America.
Aegis Group Records Robust Organic Growth in First-Quarter
Aegis Group Plc has reported a rise of 16.3 percent in its total revenue for the first-quarter in constant currency and 17.0 percent at reported rates.
British Consumer Confidence Steady in April, Misses Forecasts
The UK confidence index remains same in April compared to last month and the outlook is unlikely to improve, said GfK NOP Ltd on Friday after the data released this week showed the economy sliped back into its first double-dip recession since 1975.
Go-Ahead Group Bets on Olympic Games, Rail and Bus Business to Drive Full-Year Earnings Higher
Go-Ahead Group Plc bus market share increases to 23 percent with the acquisition of Northumberland Park Bus Depot and the group expects to profit while playing a substantial role in providing transport services for the Olympic Games.
ASOS to Achieve £1 bln Sales Mark by 2015 with 90 pct International Sales
ASOS Plc says it is positive about the progress towards achieving its sales target of £1 billion by 2015 and by that time it is expected international sales will account for 90 percent of total group's sales.
Electrolux Q1 Sales Rise on Acquisitions and Latin American Growth
Electrolux AB reported a record growth in its first-quarter sales, primarily driven by the acquisitions of CTI and Olympic Group and robust organic growth in Latin America.
Standard Life Assets Under Administration Beat Expectations
Standard Life Plc posted an increased inflows into its long-term savings businesses for the first-quarter and assets under administration (AUA) exceeded expectations driven by continuing net inflows into its newer fee based propositions and positive market movements.
Premier Foods Q1 Sales Rise Slightly, Shares Rise Despite Divestment and Job Cuts
Premier Foods reported a slight rise in its first-quarter sales and said its cost reduction and restructuring programme was on track.