Broker snap: Panmure cuts AB Foods target on lower sugar prices
9th Sep 2013 09:12
Panmure Gordon has trimmed its price target for food, ingredients and retail group Associated British Foods (ABF) despite a confident full-year outlook from the firm on Monday. The company said that adjusted operating profits in the second half will be ahead of expectations helped by a strong finis
Read moreLondon open: Syria, taper uncertainty weigh on stocks
9th Sep 2013 08:26
Markets opened broadly lower on Monday morning as improving data from Asia was offset by continuing concerns over tensions in Syria. With the economic data calendar for Europe and the US looking pretty thin for Monday, investors are likely to focus on figures from China where trade and inflation nu
Read moreLondon pre-open: Stocks expected higher after China data
9th Sep 2013 07:29
Stocks are expected to open slightly higher on Monday morning, tracking a strong finish for Asian markets overnight on hopes for the Chinese economy. With the economic data calendar for Europe and the US looking pretty thin for Monday, investors are likely to focus on figures from China where trad
Read moreLike-for-like sales at ABF Primark unit slightly below forecasts -UPDATE
9th Sep 2013 07:04
- ABF expects second-half operating profits ahead of expectations - Primark like-for-like sales slightly below analysts' forecasts - Investec: Sugar bubble deflating In an update prior to entering the close period for its full year results Associated British Foods (ABF) said a strong finish to th
Read moreFriday broker round-up UPDATE
6th Sep 2013 08:01
Antofagasta: Canaccord Genuity lowers target price from 1035p to 1020p, while leaving its buy recommendation unchanged. Ashmore Group: Canaccord Genuity downgrades from buy to hold with a target price of 380p. Associated British Foods: Societe Generale upgrades to hold with a target price of 1900p
Read moreLondon close: FTSE 100 at three-week high after policy meetings
5th Sep 2013 17:03
A host of central-bank policy meetings, a dovish tone from Mario Draghi and the continued improvement in US economic data helped lift stocks higher on Thursday, with the FTSE 100 closing at levels not seen in three weeks. London's benchmark index ended the day up 57.7 points at 6,532.44, its highes
Read moreLondon midday: Stocks trim gains, BoE holds rates
5th Sep 2013 11:27
After a strong start for UK stocks, the FTSE 100 pared gains by lunchtime as nervousness set in ahead of a number of risk events that have the potential to spark some volatile moves on financial markets. Risk appetite was also scaled back ahead of the G20 meeting which begins in St Petersburg today
Read moreThursday broker round-up UPDATE
5th Sep 2013 08:03
AMEC: Nomura reduces target price from 1300p to 1230p, while reiterating its buy recommendation. Antofagasta: Exane cuts target price from 1200p to 1100p maintaining an outperform rating. Ashtead Group: JP Morgan shifts target price from 729p to 734p and keeps a neutral rating. Associated British
Read moreLondon midday: Markets rattled by Mediterranean missile reports
3rd Sep 2013 11:35
After a positive start, markets had pared gains by midday with sentiment hit by reports of two ballistic 'objects' heading towards the East Mediterranean. Market Analyst Craig Erlam from Alpari said that traders became "instantly risk averse on fears that the US had initiated a military strike with
Read moreTuesday broker round-up
3rd Sep 2013 11:13
ASOS: Exane increases target price from 5000p to 6000p and keeps an outperform rating. Associated British Foods: Exane upgrades to outperform with a target price of 2400p. Balfour Beatty: Berenberg ups target price from 270p to 300p and retains its buy recommendation. Barclays: Berenberg takes ta
Read moreLondon open: Markets edge higher early on
3rd Sep 2013 08:31
Markets opened with small gains on Tuesday morning with stocks pausing for breath after a strong rise the day before. Stocks surged on Monday as traders took advantage of low volumes - with Wall Street closed for Labour Day - to push the London index up 1.5%. Better-than-expected manufacturing da
Read moreLondon close: Miners lead FTSE 100 higher after Bernanke comments
11th Jul 2013 16:46
Dovish comments from Federal Reserve Chairman Ben Bernanke sparked a sharp fall in the dollar and a strong rise in commodity prices on Thursday, sending mining equities soaring in London. The FTSE 100 finished the session up 38 points (+0.6%) at 6,543, a level not seen since June 4th, with resource
Read moreLondon midday: Bernanke comments drive gains on FTSE 100
11th Jul 2013 11:35
A strong performance in the mining sector ensured that the FTSE 100 was trading firmly in positive territory on Thursday after dovish comments from Federal Reserve Chairman Ben Bernanke sparked gains in commodity prices. "After June's sell-off in risk assets was attributed to seemingly hawkish comm
Read moreBroker tips: Melrose, AB Foods, Balfour Beatty
11th Jul 2013 11:04
UBS has raised its recommendation for industrial investment conglomerate Melrose from 'neutral' to 'buy', saying that the outlook looks bright after a series of recent (and upcoming) disposals. "The Melrose 'buy/improve/sell' cycle has been a profitable model for shareholders. With the disposals of
Read moreBroker snap: Panmure upgrades AB Foods on Primark outlook
11th Jul 2013 09:20
Associated British Foods' third-quarter trading update was met with a positive reaction from markets on Thursday, with the stock receiving an extra boost by Panmure Gordon which upgraded its rating for the shares from 'hold' to 'buy'. Panmure said that trading remains in line with expectations with
Read more