Advertisement
UK markets closed

  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     

  • FTSE 250

    19,824.16
    +222.18 (+1.13%)
     

  • AIM

    755.28
    +2.16 (+0.29%)
     

  • GBP/EUR

    1.1678
    +0.0022 (+0.19%)
     

  • GBP/USD

    1.2498
    -0.0013 (-0.11%)
     

  • Bitcoin GBP

    51,245.71
    -362.70 (-0.70%)
     

  • CMC Crypto 200

    1,332.49
    -64.05 (-4.59%)
     

  • S&P 500

    5,106.38
    +57.96 (+1.15%)
     

  • DOW

    38,300.81
    +215.01 (+0.56%)
     

  • CRUDE OIL

    83.70
    +0.13 (+0.16%)
     

  • GOLD FUTURES

    2,352.40
    +9.90 (+0.42%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,161.01
    +243.73 (+1.36%)
     

  • CAC 40

    8,088.24
    +71.59 (+0.89%)
     
PROPERTY:

9 luxury homes to consider if money is no object

Ever thought about what a multimillion pound budget would buy you?

STOCKS NEWS EUROPE-SES at 10-month high as Nomura upgrades to "buy"

Reuters - UK Focus

Shares in satellite operator SES rise as much as 3.7 percent to a near 10-month high, helped by a note by Nomura analysts upgrading the stock to "buy", traders say.

Nomura, which is bullish on the satellite sector with "buy" recommendations on peers Eutelsat (Paris: FR0010221234 - news) and Intelsat as well, says that SES should post strong growth on the back of the SES-6 satellite increasingly being booked by clients.

The analysts also point out that costs should come down as the satellite replacement programme draws to a conclusion.

"We believe that there is scope for SES to restart its share buy-back programme," Nomura writes in a note to clients.

ADVERTISEMENT

At 1110 GMT, the group's shares are 2.4 percent higher, making them one of the strongest performers on the FTSEurofirst 300 index of leading European shares.

Reuters messaging rm://robertjan.bartunek.thomsonreuters.com@reuters.net