London open: FTSE 100 up one per cent, miners surge after Bernanke comments
11th Jul 2013 08:36
Dovish comments from Federal Reserve Chairman Ben Bernanke prompted some strong gains on the FTSE 100 on Thursday morning, as mining stocks tracked metals prices higher on the back of a weaker US dollar. "Bernanke and his colleagues are trying to reassure the market by communicating that even once
Read moreThursday broker round-up UPDATE
11th Jul 2013 08:23
Afren: JP Morgan reduces target price from 195p to 165p and downgrades to underweight. Associated British Foods: Panmure Gordon increases target price from 1800p to 2100p upgrading from hold to buy. AVEVA Group: JP Morgan ups target price from 2300p to 2430p and retains a neutral rating. Aviva: M
Read moreLondon pre-open: Strong start expected after dovish comments from Bernanke
11th Jul 2013 07:34
The UK benchmark index is expected to open with gains of over one per cent in early trading on Thursday as markets react to dovish comments from Federal Reserve Chairman Ben Bernanke. City sources predict the FTSE 100 will open up 89 points from yesterday's close of 6,505. Minutes of the June Fed
Read moreABF suffers sugar softening but cash flow remains robust - UPDATE
11th Jul 2013 07:01
Associated British Foods saw lower sugar revenues slowed group turnover growth in the third quarter and forewarned of softening sugar prices and the threat of rising production costs. Strong performances from other divisions, particularly agriculture and the Primark retail arm, saw total group sale
Read moreThursday preview: Associated British Foods third quarter results
10th Jul 2013 13:48
Associated British Foods (ABF) unveils its third quarter results on Thursday. The parent company of Primark's trading is expected to show the effects of an unseasonably cold spring. Canaccord Genuity has also highlighted the impact of the UK sugar beet industry on ABF, which owns British Sugar.
Read moreWednesday broker round-up UPDATE
19th Jun 2013 08:27
Aggreko: UBS cuts target price from 1975p to 1850p downgrading from buy to neutral. JP Morgan revises target price from 1870p to 1800p and retains a neutral rating. Alliance Pharma: Investec shifts target price from 35.20p to 35.80p, while downgrading from add to hold. Associated British Food: UBS
Read moreLondon close: Gains trimmed as nerves set in ahead of Fed decision
17th Jun 2013 16:48
Markets started the new week on a positive note, though gains were trimmed by the close on Monday as traders refrained from taking too much risk ahead of the all-important policy decision from the Federal Reserve later this week. Global markets have been extremely choppy over the last month since F
Read moreFTSE 100 movers: Resolution, Vodafone, Reckitt
17th Jun 2013 14:28
Guernsey-incorporated investment vehicle Resolution topped the FTSE 100 Monday after JP Morgan increased its target price from 273p to 302p and maintained a 'neutral' rating. Vodafone Group was dragged higher by a bounce in the wider Telecommunications sector despite reports in The Sunday Times acc
Read moreLondon midday: FTSE 100 lifted by Resolution, Reckitt and Vodafone
17th Jun 2013 11:22
The FTSE 100 was performing strongly on Monday morning as bargain hunters moved in to pick up stocks following the index's recent slump. Global markets have been extremely choppy over the last month since Federal Reserve Chairman Ben Bernanke suggested that the bank could begin 'taper' its quantita
Read moreBroker tips: AB Foods, Reckitt, Invensys
17th Jun 2013 11:21
Nomura has downgraded its rating for food ingredients and retail group Associated British Foods from 'neutral' to 'reduce', saying that the stock is too expensive now that the profit boom for Sugar and Primark over the past two years is no longer supported. The broker cut its target price for the s
Read moreBroker snap: Nomura cuts AB Foods to 'reduce'
17th Jun 2013 08:40
Nomura has downgraded its rating for food ingredients and retail group Associated British Foods from 'neutral' to 'reduce', saying that the stock is too expensive now that the profit boom for Sugar and Primark over the past two years is no longer supported. The broker cut its target price for the s
Read moreLondon open: Stocks gain but traders nervous ahead of Fed meeting
17th Jun 2013 08:23
Stocks registered decent gains in early trading on Monday though upside is expected to be limited throughout the day as traders nervously await a policy meeting at the Federal Reserve in a few days' time. Both the economic and corporate earnings schedules for today are looking pretty light, so the
Read moreMonday broker round-up UPDATE
17th Jun 2013 07:21
Antofagasta: UBS reduces target price from 1140p to 1050p, while upgrading from neutral to buy. ARM Holdings: Analysts at Numis have cut their view on the shares to reduce from hold. Associated British Foods: Nomura cuts target price from 1800p to 1650p downgrading to reduce. Atkins: Jefferies u
Read moreLondon open: Stocks hit one-month low ahead of data, Tesco falls
5th Jun 2013 08:30
A flurry of economic data and renewed concerns about the Federal Reserve's 'exit strategy' from stimulus ensured that markets opened firmly in the red on Wednesday morning. The FTSE 100 hit intraday low of 6,507 early on before rebounding slightly within the opening hour - this was the index's lowe
Read morePrimark makes first foray online through Asos
4th Jun 2013 08:42
Primark has launched its first online venture with the sale of a range of 20 garments through internet fashion retailer Asos. The company, owned by Associated British Foods (ABF), will collaborate with Asos for a limited period before developing its own website. It will sell a compact collection o
Read more