Associated British Foods earnings warning sugared by Primark recovery
15th Jan 2015 07:08
Although its Primark retail division recovered strongly after a slow autumn, Associated British Foods warned of a "marginal" decline in full year earnings due to the strength of sterling coming on top of the expected large profit reduction at its sugar business and a £128m writedown from Chinese agr
Read moreFTSE 100 movers: Aggreko appreciates on deal, Sainsbury's outlook weak
7th Jan 2015 14:00
Shares in temporary power provider Aggreko rocketed after it signed a two-year contract with Energia Argentina and extended another deal in Africa. Aggreko will deliver an extra 150MW of diesel-fuelled power in Argentina and has additionally agreed to extend its existing 300MW of capacity with the s
Read moreLondon close: Markets extend losing streak as miners fall
11th Dec 2014 16:23
London's stock market declined for the fourth straight day on Thursday as ongoing concerns about global growth and heavy falls in the mining sector erased earlier gains. The FTSE 100 finished 0.6% lower at 6,462, closing at its lowest level since 4 November when it settled at 6,453.97. Mining stock
Read moreLondon midday: Mining stocks drag markets lower on ECB loan disappointment
11th Dec 2014 12:06
UK stocks retreated into the red after a positive start on Thursday as renewed concerns about the health of the Eurozone pressured mining stocks lower. Markets had edged higher early on after finishing the previous session at a five-week low, but gains were quickly erased after it was revealed that
Read moreLondon open: Stocks rebound from five-week low as energy shares gain
11th Dec 2014 08:21
UK stocks edged higher on Thursday after sinking to a five-week low, though gains were only modest ahead of a data-heavy session. The FTSE 100 was up 0.3% at 6,520 early deals, helped by a small rebound in the energy sector. A three-day sell-off wiped 3.5% off the value of the Footsie and sent the
Read moreLombard Risk knocked off high as ex-RBS director pockets £0.5m
26th Nov 2014 16:43
Having hit their highest point since early 2005, shares in Lombard Risk Management stumbled slightly on Wednesday after non-executive director John McCormick sold not far off half his stake in the company for over £0.5m. McCormick sold 4m shares at a price of 13p per share, missing out on the multi-
Read moreMonday broker round-up UPDATE
17th Nov 2014 10:32
African Barrick Gold: Investec reduces target price from 262p to 170p and downgrades to sell. Associated British Foods: Liberum initiates with a target price of 3470p and a buy recommendation. Bodycote: Investec lowers target price from 750p to 745p and maintains its buy recommendation. Centamin:
Read moreThursday broker round-up UPDATE
6th Nov 2014 10:01
Amec: UBS cuts target price from 1185p to 1150p, while its buy recommendation remains unchanged. Afren: Liberum Capital cuts target price from 121p to 95p and stays with its hold recommendation. Antofagasta: Canaccord cuts target price from 790p to 760p and reiterates a hold recommendation. Associ
Read moreLondon close: M&S helps stocks to brush off downbeat services data
5th Nov 2014 16:11
Markets shrugged off fresh economic woes and gold price falls on Wednesday, helped by positive news from retailer Marks & Spencer (M&S). Continental European service sector data came in weak and UK service data also surprised on the downside, slowing to a 17-month low in October. Fears that the dec
Read moreBroker tips: M&S, AB Foods, Rolls-Royce, Centamin
5th Nov 2014 12:53
Marks & Spencer's shares surged on Wednesday after the retailer impressed with a surprise increase in first-half profits, and while the market welcomed the bottom-line beat analysts raised concerns with a continued underperformance in clothing sales. Analysts at Numis Securities maintained a 'hold'
Read moreAB Foods shares jump after Citi upgrade to 'buy'
5th Nov 2014 11:54
Citigroup has trimmed its profit forecasts for Associated British Foods due to an ongoing weak sugar performance, but has lifted its stance on the stock from 'neutral' to 'buy' on prospects for its fast-growing retail chain Primark. AB Foods said on Tuesday that adjusted profit before tax (PBT) in t
Read moreLondon midday: Stocks jump despite weak services data, M&S and Meggitt surge
5th Nov 2014 11:52
Strong gains from Marks & Spencer, Meggitt and Associated British Foods drove the UK stock market higher on Wednesday, as investors shrugged off some disappointing global economic data. Services purchasing managers' indices (PMIs) in China, the UK and Eurozone all weakened, showing that activity gro
Read moreWednesday broker round-up UPDATE
5th Nov 2014 10:02
Associated British Foods: Exane raises target price from 3600p to 3700p, keeping its outperform rating. Citi reduces target price from 3200p to 3100p, while upgrading to buy. AVEVA: Liberum Capital reduces target price from 1500p to 1400p and keeps a hold recommendation. Investec reduces target pric
Read moreWednesday share tips: Imperial Tobacco, Associated British Foods
5th Nov 2014 09:19
Assuming that you have no qualms about holding tobacco shares then companies in the space continue to be among the best dividend payers out there. Imperial Tobacco is one of these firms. Yes, its market is in long-term decline, even in emerging markets, where there is a growing trade in illicit fags
Read moreLondon open: M&S, Meggitt lead UK stocks higher early on
5th Nov 2014 09:02
UK stocks rose on Wednesday as decent gains from Marks & Spencer, Meggitt, Tulllow Oil and AB Foods offset falls in the mining sector after yet more weak data from China. The FTSE 100 was trading 0.6% higher at 6,493 in morning trade. With the exception Japan's Nikkei index, Asian markets weaker ov
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