FTSE 100 movers: Two analysts point out high PE multiple on Hargreaves´ shares
5th Feb 2014 15:07
AB Foods was extending gains for a second session after analysts at Morgan Stanley said on Tuesday that the market was "fundamentally mis-pricing" its Primark retail chain. The company´s shares hit a new record high at 2,930p on the back of those comments. Hargreaves Lansdown´s interim results sh
Read moreLondon midday: AB Foods and RSA lead markets higher
5th Feb 2014 11:21
- Upside limited after UK, Eurozone data disappoints - Investors cautious ahead of US data, policy decisions - AB Foods rises, RSA appoints Hester as CEO - Hargreaves Lansdown drops after H1 results techMARK 2,756.02 +0.36% FTSE 100 6,465.16 +0.25% FTSE 250 15,589.91 +0.32% UK markets snapped a fi
Read moreBroker tips: Burberry, AB Foods, Motor insurers
20th Jan 2014 12:11
Credit Suisse has lowered its recommendation for luxury fashion brand Burberry from 'outperform' to 'neutral', saying that the outlook for the stock looks 'tough' in the near term. "We now think that Burberry's superior top-line momentum is unlikely to translate into superior earnings growth versus
Read moreBroker snap: UBS hikes AB Foods target on prospects for Primark
20th Jan 2014 09:14
UBS has named food ingredients and retail firm Associated British Foods as its 'Key Call', as it hiked its target price for the stock from 2,430p to 2,890p following last week's first-quarter update. "Despite sterling's strength and a further deterioration in the outlook for the sugar business (as
Read moreFriday broker round-up UPDATE
17th Jan 2014 10:05
Aberdeen Asset Management: JP Morgan cuts target price from 544p to 529p, while its overweight rating remains unchanged. Canaccord Genuity reduces target price from 586p to 540p and reiterates a buy recommendation. UBS lowers target price from 540p to 520p and keeps a buy recommendation. Ashtead Gr
Read moreLondon close: FTSE 100 flat near eight-month high, but miners surge
16th Jan 2014 17:07
- Markets pause for breath after recent highs - Mining stocks surge as Citi turns bullish - Aberdeen drops as AuM fall - Retailers AB Foods, Halfords, Dixons, Home Retail in focus techMARK 2,843.65 +0.10% FTSE 100 6,815.42 -0.07% FTSE 250 16,209.65 -0.51% UK markets finished largely flat on Thursd
Read moreFTSE 100 movers: Miners lifted by Citigroup comments
16th Jan 2014 14:21
Mining stocks were performing well after Citigroup lifted its stance on the sector from 'neutral' to 'bullish', representing its first positive outlook for the industry in three years. The bank has labelled BHP Billiton, Rio Tinto and Glencore Xstrata as its "key picks" as it said that sentiment wil
Read moreBroker tips: Miners, United Utilities, AB Foods
16th Jan 2014 11:30
Mining stocks were performing well in London on Thursday morning after Citigroup lifted its 12-month stance on the sector from 'neutral' to 'bullish', representing its first positive outlook for the industry in three years. The bank has labelled BHP Billiton, Rio Tinto and Glencore Xstrata as its "k
Read moreLondon midday: Mining strength buoys FTSE after mixed retail updates
16th Jan 2014 11:30
- Retail updates come in mixed - Citi turns bullish on mining sector - Markets flat after recent highs techMARK 2,836.75 -0.14% FTSE 100 6,823.76 +0.06% FTSE 250 16,237.17 -0.34% UK markets paused for breath on Thursday morning after hitting their highest level in eight months the previous session
Read moreBroker snap: AB Foods 'due a pause' after recent strong run, says Panmure
16th Jan 2014 10:34
Panmure Gordon has hiked its target price for Associated British Foods (ABF), saying that a 'sparkling' Christmas from Primark more than offsets weakness from its Sugar division and currency headwinds. The broker said the company's first-quarter statement on Thursday signals "an impressive start to
Read moreThursday broker round-up UPDATE
16th Jan 2014 08:59
Aberdeen Asset Management: Canaccord Genuity cuts target price from 586p to 540p, while its buy recommendation remains unchanged. Anglo American: UBS ups target price from 1500p to 1580p upgrading from neutral to buy. Antofagasta: Investec reduces target price from 716p to 685p maintaining a sell
Read moreLondon open: Stocks pause at eight-month high after mixed updates
16th Jan 2014 08:30
- Aberdeen drops as AuM fall three per cent - Retailers mixed as companies report festive sales - Mining stocks broadly higher, BHP Billiton upgraded techMARK 2,841.00 +0.01% FTSE 100 6,821.68 +0.03% FTSE 250 16,275.67 -0.11% Mixed corporate results weighed on UK markets on Thursday morning, as th
Read moreLondon pre-open: FTSE to nudge higher tracking strong finish in US
16th Jan 2014 07:10
City sources predict the FTSE 100 will open two points higher than yesterday's close of 6,819.86, taking its lead from gains seen in the US overnight where the S&P 500 registered a new record high. The rise came on the back of hopes for the economic outlook and after strong gains from heavyweights
Read moreAB Foods' Q1 revenues flat as Primark growth offset by sugar, FX - UPDATE
16th Jan 2014 07:00
- Revenues flat as Primark offset by weakness elsewhere - Sugar revenues drop 28 per cent - FX limits revenue growth - Full-year expectations unchanged Associated British Foods (ABF), the food ingredients company and owner of the Primark retail chain, said that there has been no change in its expec
Read moreThursday preview: ABF releases interims, Eurozone CPI due out
15th Jan 2014 14:40
Associated British Foods (ABF), Ladbrokes, Home Retail and Ocado will be among a slate of London-listed companies out with results on Thursday. In the period from September 15th to date, ABF's results are likely to be driven by its retail arm Primark, according to Numis. "Primark - due to add 1m
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