Sector movers: Miners rise on Chinese lending data, US dollar weakness
12th Jan 2017 15:00
(ShareCast News) - Mining stocks were again in favour on Thursday as metals´ prices continued to gain in overnight trading on the heels of stronger than expected lending data for Asia´s largest economy and positive newsflow on specific commodities. Continued selling in the US dollar after the Presid
Read moreAB Foods reports bumper Christmas but Primark disappoints
12th Jan 2017 07:19
(ShareCast News) - Primark owner Associated British Foods reported group revenue from continuing operations 10% ahead of the same period last year at constant currency, though flat like-for-like sales at Primark disappointed investors. In a trading update covering the 16 weeks to 7 January, the FTSE
Read moreMonday broker round-up
9th Jan 2017 17:00
(ShareCast News) - Reckitt Benckiser: Berenberg reiterates hold with a target price of 7300p. EnQuest: Jefferies upgrades to buy with a 64p target. Booker: HSBC stays at buy with a 220p target. Anglo American: Barclays reiterates overweight with a 350p target. ICAP: HSBC upgrades to buy with a 52
Read moreFTSE 100 movers: Persimmon update lifts builders, JP Morgan dents insurers
5th Jan 2017 14:40
(ShareCast News) - Housebuilding shares led the FTSE 100 higher for the second day, with Persimmon head of the pack as it issued a bullish year-end update. Ahead of full year results due on 27 February, Persimmon said revenues for calendar 2016 were 8% ahead of the previous year, as sales growth for
Read moreSector movers: Retailers hard hit by woes at Next
4th Jan 2017 15:43
(ShareCast News) - Fashion retailers' shares got whacked after Next posted lower-than-expected sales for the period over Christmas and warned that further weakness may lie ahead. Group sales from the start of November until Christmas Eve shrank 0.4%, as a 3.5% decline in shop sales was largely of
Read moreSwap Next for Primark owner ABF, analysts suggest
4th Jan 2017 11:41
(ShareCast News) - After Next's weak festive trading statement and profit downgrade, analysts at RBC Capital Markets predicted the shares will keep pace with the rest of the clothing retail sector, but said investors should rotate into Primark owner Associated British Foods. RBC said consensus profi
Read moreDirector dealings: AB Foods chairman tucks in
24th Nov 2016 16:39
(ShareCast News) - With shares in Associated British Foods chairman trading only a little higher than their three-year lows, chairman Charles Sinclair dipped into the market to buy some shares in the Primark owner on Thursday. Sinclair, the former Daily Mail & General Trust boss who has been on AB F
Read moreAB Foods LFL sales fall though Primark and sterling lift top line
8th Nov 2016 07:05
(ShareCast News) - Associated British Foods reported a rise in full year revenue as it expanded the selling space of discount clothing retailer Primark and benefited from the weakening of sterling, though like-for-like sales were lower. Although LFL sales were 2% negative overall, group revenue for
Read moreBroker tips: Informa, Associated British Foods, NCC Group
21st Oct 2016 17:06
(ShareCast News) - Informa got a boost on Friday as Berenberg upgraded the stock to 'buy' from 'hold' and lifted the price target to 800p from 740p. It said the company's strategy of portfolio improvement has delivered greater progress than investors give it credit for. Recent acquisitions in Exhibi
Read moreJefferies ups AB Foods to 'hold' after share price fall
21st Oct 2016 08:35
(ShareCast News) - Jefferies upgraded Primark owner Associated British Foods to 'hold' from 'underperform' and lifted the price target to 2,450p from 2,300p. The rating upgrade follows a 12% drop in the share price since the bank downgraded the stock in September. "With the upcoming finals (8 Nove
Read moreClothing retailers' sales decline again, Kantar criticises discounting
17th Oct 2016 15:04
(ShareCast News) - UK clothing retailers have seen sales fall for four months in a row, according to a survey published on Monday that criticised the industry's habit of over-buying and deep discounting. Since June saw the first fall in the value of the UK fashion market, data from Kantar Worldpanel
Read moreThursday broker round-up
22nd Sep 2016 13:35
(ShareCast News) - Dunelm: HSBC starts coverage at buy with a target price of 1000p. Brown N Group: UBS keeps at neutral, 190p target. Tesco: Barclays keeps at neutral with a 215p target. Associated British Foods: Credit Suisse reiterates outperform with a 3550p target. BBA Aviation: Barclays kee
Read moreFriday broker round-up
16th Sep 2016 10:54
(ShareCast News) - Admiral Group: Berenberg reiterates hold with a target price of 1804p. Vodafone: Barclays reiterates overweight, 260p target. Next: HSBC keeps at hold with a 4485p target. Asos: JP Morgan reiterates overweight with a 5400p target. Moneysupermarket: RBC stays at outperform with
Read moreThursday broker round-up
15th Sep 2016 13:57
(ShareCast News) - Sanne Group: Berenberg reiterates buy with a target price of 600p. Vodafone: Barclays reiterates overweight, 260p target. Petrofac: Jefferies downgrades to hold with a 800p target. Anglo American: JP Morgan reiterates overweight with a 1150p target. RPC Group: Berenberg stays a
Read moreTuesday newspaper share tips: G4S, AB Foods
13th Sep 2016 15:20
(ShareCast News) - Shares in G4S have had a good run but they are not worth holding and much less buying, The Daily Telegraph's Questor column said. On the positive side of things, the security services providers' rate of organic growth improved significantly over the first six months of the year
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