London close: FTSE ends slightly lower ahead of US earnings
23rd Apr 2014 16:59
- FTSE closes down 7.02 points at 6,674.74 - Focus turns to Apple and Facebook earnings - UK public sector net borrowing falls techMARK 2,742.15 +0.13% FTSE 100 6,674.74 -0.11% FTSE 250 15,989.64 -0.58% The FTSE 100 settled just slightly lower than its opening level as investors weighed corporate
Read moreFTSE 100 movers: ABF rises US expansion plans, broker upgrade
23rd Apr 2014 15:00
Associated British Foods was in the top spot on the FTSE 100 after the company announced its intention to expand its fast-growing Primark brand into the US towards the end of next year. Panmure Gordon upgraded its rating for the stock from 'hold' to 'buy'. saying: "This is sooner than we had antici
Read moreBroker tips: AB Foods, ARM, Wolseley...
23rd Apr 2014 12:59
Panmure Gordon has upgraded its rating for Associated British Foods from 'hold' to 'buy' after the company announced its intention to expand its fast-growing Primark brand into the US towards the end of next year. "This is sooner than we had anticipated, and whilst Primark will continue its measur
Read moreLondon midday: Stocks inch lower on mixed data and earnings
23rd Apr 2014 11:37
- AB Foods jumps, ARM and Sports Direct fall - UK borrowing falls more than expected - Chinese manufacturing still in contraction - Eurozone business activity improves techMARK 2,740.84 +0.09% FTSE 100 6,670.05 -0.18% FTSE 250 15,991.94 -0.56% UK stocks pulled back from a three-week high on Wednes
Read moreAssociated British Foods appoints a non-executive director
23rd Apr 2014 10:47
Multinational food processing and retailing company, Associated British Foods, announced it has appointed Ruth Cairnie as a non-executive director with effect from May 1st. Cairnie was formerly Executive Vice President Strategy & Planning at Royal Dutch Shell, the oil and gas exploration company. T
Read morePanmure upgrades AB Foods on Primark expansion into US
23rd Apr 2014 10:00
Panmure Gordon has upgraded its rating for Associated British Foods from 'hold' to 'buy' after the company announced its intention to expand its fast-growing Primark brand into the US. The broker hiked its target price for AB Foods shares from 2,760p to 3,210p, highlighting that the company's inter
Read moreWednesday broker round-up UPDATE
23rd Apr 2014 09:04
AB Foods: Numis upgrades from sell to reduce with a target price of 2240p. AstraZeneca: Citi raises target price from 3500p to 4900p and upgrades to buy. Fenner: Investec cuts target price from 375p to 360p and reiterates its sell recommendation. Genus: N+1 Singer upgrades to hold with a target p
Read moreLondon open: Stocks edge higher, AB Foods jumps on Primark expansion
23rd Apr 2014 08:40
- AB Foods jumps on Primark expansion plans - Stocks rise, but upside limited - BoE minutes, economic data ahead - Chinese manufacturing PMI contracts again techMARK 2,749.64 +0.41% FTSE 100 6,688.65 +0.10% FTSE 250 16,067.20 -0.09% UK stocks edged higher on Wednesday morning with Primark owner As
Read moreLondon pre-open: FTSE to open marginally lower
23rd Apr 2014 07:40
Following yesterday's surge on the back of bid speculation and M&A activity within the pharma sector, today's session looks set for a fairly flat start, with the top tier expected to inch marginally lower early on. City sources predict the FTSE 100 will open around seven points below yesterday's c
Read moreABF surges on plans to open first Primark stores in US
23rd Apr 2014 07:13
- Performance bolstered by strong Primark performance - Plans Primark store openings in the north-east of the US - Increases dividend Associated British Foods (ABF) said it delivered a resilient interim performance, at a challenging time of transition for its European sugar business, and continues
Read moreSunday share tips: Associated British Foods, Telford Homes, Gulf Keystone
20th Apr 2014 20:05
Research from Redburn Partners shows that markets have new-found faith in Primark, the retail arm of Associated British Foods. Yet investors may have cause to be wary. The company's stock price has risen by 50 per cent over the last twelve months, in reaction to plans to expand its budget fashion ch
Read moreLondon close: FTSE loses steam after earlier gains
10th Apr 2014 16:59
- FTSE closes up 6.36 points at 6,641.97 - Data positive for housing in UK - BoE keeps monetary policy unchanged techMARK 2,719.41 -0.39% FTSE 100 6,641.97 +0.10% FTSE 250 16,148.54 -0.09% Stocks managed to hold onto their gains by the close, but not by much as indices Stateside fell into the red
Read moreFTSE 100 movers: M&S leads the way lower
10th Apr 2014 15:45
With UK sales remaining stubbornly flat, Marks and Spencer stitched together a more encouraging fourth-quarter result, but was nonetheless sat firmly in the bottom spot on the FTSE today. The group said second-half general merchandise gross margin will be down against the previous year, in line with
Read moreSector movers: Industrial metals rally
9th Apr 2014 15:54
Industrial metal stocks rallied after Alcoa posted a better-than-forecast quarterly profit and said it predicts global aluminium demand to grow seven per cent this year. Technology stocks edged higher, led by ARM Holdings, with investors feeling a renewed sense of confidence after the tech-heavy N
Read moreFTSE 100 movers: Sports Direct shares dive
8th Apr 2014 14:41
Sporting goods retailer Sports Direct sunk sharply after it was reported that Founder Mike Ashley is selling 200m pounds-worth of shares, taking his stake from 62 per cent to 58 per cent. Goldman Sachs said it will place up to 24m shares acquired from MASH Holdings, Ashley's investment vehicle, wi
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