FTSE 100 movers: Barclays jumps after appointing new chairman
12th Sep 2014 16:15
Barclays jumped on the news it has appointed John McFarlane as chairman to replace David Walker, who will step down following the bank’s annual general meeting in 2015. McFarlane, who is currently chairman of Aviva and FirstGroup, will take on the role on 1 January. Engineer GKN was boosted by
Read moreSector movers: Retailers fall as Next and Home Retail disappoint
11th Sep 2014 13:00
Poorly-received updates from the likes of Next and Home Retail Group ensured that the UK-listed general retail sector was firmly in the red on Thursday afternoon. High street giant Next delivered a solid first half with both sales and profits ahead of the company's original expectations, but under a
Read moreTuesday share tips: UK house builders, ABF
9th Sep 2014 07:00
Some of the froth has come off the housing market, but home prices have hardly crashed and the largest firms continue to offer attractions for investors. Indeed, shares in the seven largest builders have underperformed the FTSE All-Share during the last six months. However, interest rates, even if t
Read moreBroker tips: Glaxosmithkline, AB Foods, De La Rue
8th Sep 2014 15:41
Credit Suisse has slashed its earnings forecasts for Glaxosmithkline (GSK) before an expected restatement of divisional reporting at the pharmaceutical group. The bank has trimmed its target price for the stock from 1,475p to 1,400p and maintained an 'underperform' rating. It said that GSK's shares
Read moreFTSE 100 movers: AB Foods continues to feel impact of lower sugar prices, FX
8th Sep 2014 15:01
Food, ingredients and retail group Associated British Foods was a big faller despite reiterating its guidance for profit growth in the year to 13 September despite the continued impact of lower sugar prices and currency movements. AB Foods said that strong profit performances from the Primark and gr
Read moreLondon midday: UK stocks sink on fears over Scottish referendum, Ukraine
8th Sep 2014 11:36
Concerns surrounding the upcoming referendum on Scottish independence and a fragile ceasefire agreement in Ukraine were weighing heavily on UK stocks on Monday. London's FTSE 100 was trading down 1% at 6,789 by midday. The index has not closed below the 6,800 mark since 22 August when it settled at
Read moreShore Capital sees little upside at AB Foods on continued "sugar woes"
8th Sep 2014 10:30
Ongoing troubles at Associated British Foods' (ABF) sugar business continue to "hold back progress" at the company, according to Shore Capital which kept a 'hold' rating on the stock. ABF's pre-close update on Monday confirmed that adjusted earnings per share (EPS) for the year to 13 September would
Read moreLondon open: AB Foods leads UK stocks lower early on
8th Sep 2014 08:29
UK stocks fell on Monday morning on the back of uncertainty surrounding the ceasefire in Ukraine and the Scottish referendum. The FTSE 100 was trading 0.3% lower at 6,834 in early trading, with Associated British Foods leading the fallers after an underwhelming pre-close update. Markets were in the
Read moreFTSE 100 movers: Kantar data sends supermarket shares to opposite ends of spectrum
27th Aug 2014 16:20
Sainsbury led the downside after Kantar Worldpanel revealed the supermarket had endured a sales decline of 2.2% and a slight fall in market share from 16.5% to 16.4% year-on-year. Tesco was also very much in the red after the group, which is Britain's largest supermarket, saw its market share fall
Read moreLondon close: Stocks end higher after US data beats forecasts
26th Aug 2014 17:07
- FTSE closes up 47.51 at 6,822.76 - UK services growth suffers slowdown - US durable goods jump 22.6% techMARK 2,833.11 +0.35% FTSE 100 6,822.76 +0.70% FTSE 250 15,998.00 +0.74% It was a strong finish to Tuesday's session, with traders keen to keep up with the gains seen amongst global equities d
Read moreFTSE 100 movers: ABF lifted by JPMorgan rating
26th Aug 2014 16:37
Associated British Foods was a top performer on Tuesday after JPMorgan Chase & Co. reiterated its 'overweight' rating on the stock. RSA was higher after Bank of America gave the stock a 'buy' recommendation, up from its previous rating of 'neutral', prompted by a cleaner balance sheet and better m
Read moreThursday broker round-up UPDATE
24th Jul 2014 08:59
Afren: JP Morgan shifts target price from 180p to 188p upgrading from underweight to overweight. Anglo American: Jefferies raises target price from 1550p to 1700p and reiterates a hold recommendation. Antofagasta: Jefferies increases target price from 825p to 1000p upgrading from hold to buy. ARM
Read moreNew Chemring CEO adds £20,000-worth of shares
21st Jul 2014 16:20
The Group Chief Executive of defence group Chemring has added a batch of shares worth £20,150 to his stake. Michael Flowers, who was appointed to his current role last month, paid 201.50p for each of the 10,000 shares, all of which were acquired in his wife's name. Flowers replaced Mark Papworth
Read moreLondon close: FTSE drops on Eurozone concerns
10th Jul 2014 16:59
- FTSE ends 45.67 points lower at 6,672.37 - BoE maintains rates and asset purchases - Trade deficit had widened to £9.2bn in May techMARK 2,770.07 -0.43% FTSE 100 6,672.37 -0.68% FTSE 250 15,439.87 -0.71% Following a sharp dip this morning, the Footsie spent much of the day firmly in the red befo
Read moreFTSE 100 movers: LSE drops on Qatar sale, Portugal fears hit banks
10th Jul 2014 15:29
London Stock Exchange was one of the worst performers on the FTSE 100 on Thursday after Qatar Investment Authority cut its 15% stake in the exchange operator by a third ahead of the UK-listed firm's planned $1.6bn rights issue to fund the acquisition of Frank Russell. Concerns about contagion from
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