London close: Stocks end lower on Greek worries
29th May 2015 17:42
Shares ended the week on a down note, as worries over Greece continued to weigh on investors' minds. Even so, speaking after the close of markets the Mediterranean country's economics minister, Giorgios Stathakis, said Athens will be able to repay the first tranche of its loans to the IMF on 5 June.
Read moreFTSE 100 movers: Weir and Associated British Foods surge on upgrades
29th May 2015 12:44
UK stocks shook off early morning caution by the afternoon, making modest gains in spite of Greek debt and panic selling on Chinese markets. As of 14:00 BST, the FTSE 100 was trading 0.04% higher at 7,044. Weir topped the risers as Credit Suisse raised its price target on the stock to 2,205p, citin
Read moreGoldman Sachs upgrades AB Foods to 'buy' on US move
29th May 2015 08:21
Goldman Sachs upgraded Associated British Foods to 'buy' from 'sell' and raised the price target to 3120p from 2755p, saying that the stock's 17% underperformance year-to-date offers an attractive entry point. It said that AB Foods has de-rated over 20% since December 2014 versus the consumer staple
Read moreWednesday broker round-up
20th May 2015 13:36
BHP Billiton: Credit Suisse reiterates outperform and 1,350p target. Associated British Foods: Credit Suisse reiterates outperform and 3,250 target. BP: RBC Capital ups target to 500p from 490p and reiterates outperform. Royal Dutch Shell: Canaccord Genuity reiterates buy and 2,275p target. Vedan
Read moreMonday newspaper round-up: Housing, Primark, HSBC, Natural Gas
27th Apr 2015 06:54
Ed Miliband will today intensify a political offensive over housing with an offer to exempt first-time buyers from up to £5,000 in stamp duty using cash raised from tax crackdowns on rogue landlords and foreign investors. The promise to waive the sales tax on properties worth up to £300,000 for thos
Read moreWednesday broker round-up
22nd Apr 2015 12:33
BHP Billiton: UBS reiterates buy and 1,625p target price. Rio Tinto: Deutsche Bank stays at buy and 4,200p target. Sky: Goldman Sachs maintains neutral and 1,200p target. Associated British Foods: Nomura lifts target to 2,850p from 2,760p and reiterates neutral. ARM Holdings: Exane BNP reiterates
Read moreFTSE 100 movers: Sky rockets on Q3 results, miners and oils stocks lower
21st Apr 2015 13:44
Sky topped the FTSE 100 risers after third-quarter results showed the most growth in 11 years. The broadcaster grew customer numbers 70%, which fed through to a 20% increase in operating profits. Smartphone and tablet microchip designer ARM Holdings surged after beating its own guidance with a 14% j
Read moreLondon midday: Stocks erase gains as ongoing Greek debt saga hits sentiment
21st Apr 2015 11:28
After briefly coming close to their intraday record high, UK stocks dropped into the red by Tuesday lunchtime after data showed that the Greek debt saga was weighing on economic confidence in Germany. Heavy falls in the mining sector were also hitting markets, offsetting well-received quarterly earn
Read moreLondon open: FTSE back near record high as updates from Sky and ARM impress
21st Apr 2015 09:09
UK stocks were renewing their push towards record highs again on Tuesday, helped by well-received results from blue chips Sky and ARM Holdings. The FTSE 100 was up 0.60% at 7,094.78 within the opening hour. The index rose as high as 7,105.13 early on, just shy of its intraday record of 7,119.35 rea
Read moreAB Foods profits stumble as surging Primark growth constrained by currencies
21st Apr 2015 07:08
Profits at Associated British Foods fell in the first half as the surging performance of its Primark fast-fashion chain was outweighed by a weaker sugar business. The group also adjusted its outlook for adjusted full year earnings, warning that currency headwinds were now expected to lead to a "mode
Read moreLondon pre-open: Positive start expected ahead of quiet session
21st Apr 2015 06:50
UK stocks are expected to open with small gains on Tuesday as the Footsie resumes its push back towards record highs ahead of a quiet day for economic data. City sources predict the FTSE 100 will open 13 points higher than Monday's close of 7,052.13. After two straight sessions in the red, news of
Read moreTuesday preview: Primark and sugar in focus as Associated British Foods reports half-year results
20th Apr 2015 16:17
Associated British Foods (ABF) on Tuesday reports its half-year results, which are expected to show lower margins on sugar and the expansion of its Primark arm. Analysts predict the conglomerate will reveal further store openings at budget fashion retailer Primark which is trying to crack the US mar
Read moreSunday share tips: Associated British Foods, SABMiller, Keywords Studios
19th Apr 2015 13:46
Buy shares in Associated British Foods, the owner of the Primark budget fashion retail chain, wrote Danny Fortson in the Sunday Times. This autumn, Primark will open its first location across the pond in Boston, with seven more planned in the States and no tweaking of its offering to American tastes
Read moreTuesday broker round-up
14th Apr 2015 17:12
Marks&Spencer: UBS reiterates buy and lifts target price to 625p from 590p. HSBC: Credit Suisse reiterates underweight stance and Investec its recommendation to sell. Barclays: Credit Suisse reiterates neutral and 250p target. Tesco: Deutsche reiterates buy and 275p target price. Royal Dutch Shel
Read moreBroker tips: AG Barr, Centrica, ABF
24th Mar 2015 17:46
Analysts at Investec Securities upgraded their full year forecast for soft drink producer AG Barr, citing strong performances and acquisitions. On Tuesday, the FTSE 250 group said that its profit on ordinary activities, before tax and exceptional items, increased by 10% to £41.9m, as all the group's
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