Broker tips: Reckitt, StanChart, AB Foods
25th Feb 2013 11:18
Investec has downgraded its rating for consumer products giant Reckitt Benckiser from 'hold' to 'sell' after US regulators called time on the company's exclusivity with its SUBOXONE product. Investec analyst Martin Deboo said that the news will likely be negative for the shares, with tablets in the
Read moreBroker snap: Good news priced in at AB Foods, says Canaccord Genuity
25th Feb 2013 10:54
The good news is already priced in at food producer and Primark owner Associated British Foods (ABF), according to Canaccord Genuity which as retained its 'sell' rating and 1,450p target price for the stock. Full-year guidance was unchanged at the group's first-half pre-close trading update on Mond
Read moreLondon pre-open: FTSE to make gains despite downgrade
25th Feb 2013 07:28
City sources predict the FTSE 100 will open up 22 points from Friday's close of 6,336, despite the news that ratings agency Moody's has stripped the UK of its AAA rating and said the growth outlook in the medium term will remain weak. The economy, which hasn't suffered a downgrade in over 30 years
Read moreMonday broker round-up UPDATE
25th Feb 2013 07:26
Afren: Canaccord Genuity increases target price from 160p to 200p and reiterates a buy recommendation. Antofagasta: Bank of America upgrades to buy with a target price of 1400p. Ashmore Group: Espirito Santo shifts target price from 364p to 368p and maintains a neutral rating. ASOS: Deutsche Bank
Read morePrimark boost at Associated British Foods
25th Feb 2013 07:12
Primark owner and sugar group Associated British Foods said interim results will be ahead of company expectations after a strong performance from Primark outweighed weakness in sugar. The owner of AB Sugar said adjusted operating profit will be higher than last year however profit from sugar in the
Read moreMonday broker round-up UPDATE
18th Feb 2013 08:09
AMEC: Deutsche Bank cuts target price from 1350p to 1250p and stays with its buy recommendation. HSBC lowers target price from 1225p to 1200p keeping an overweight rating. Anglo American: Deutsche Bank moves target price from 2260p to 2290p and maintains a buy recommendation. HSBC upgrades to overw
Read moreSunday newspaper round-up: easyJet, Barclays, Man Group
10th Feb 2013 17:24
The Sunday Telegraph understands Sir Stelios, who with his family owns 36 per cent of easyJet´s shares, is to vote against the re-election of Sir Mike Rake, the Chairman, as well as against the board's remuneration report. In addition, he will abstain against all 18 other resolutions on matters such
Read moreWednesday broker round-up UPDATE
23rd Jan 2013 07:05
Aberdeen Asset Management: Societe Generale downgrades to hold, while its target price of 375p is not altered. Amara Mining: Investec reduces target price from 89p to 83p and reiterates a buy recommendation. Associated British Foods: Jefferies raises target price from 1365p to 1650p keeping a hold
Read moreFriday broker round-up UPDATE
18th Jan 2013 07:53
Aberdeen Asset Management: UBS ups target price from 370p to 440p maintaining a buy rating. JP Morgan shifts target price from 479p to 498p and keeps an overweight rating. Numis raises target price from 400p to 430p, while its add rating remains unchanged. Afren: Nomura cuts target price from 185p
Read moreLondon close: Stocks boosted by upbeat US data
17th Jan 2013 17:04
Following a subdued morning session, stocks across Europe raced into positive territory on Thursday afternoon on the back of some decent economic data Stateside. Better-than-expected US housing starts and jobless claims figures lifted the mood this afternoon, prompting a strong start on Wall Street
Read moreFTSE 100 movers: Associated British Foods leads the way
17th Jan 2013 14:46
Associated British Foods and International Consolidated Airlines (IAG) were leading the race in the FTSE 100 group Friday. The former gained on the back of festive season trading results, posting a 10% rise in group revenue. The interim management statement for 16 weeks to January 5th showed busin
Read moreLondon midday: Markets shrug off strong showing by retailers
17th Jan 2013 11:45
In spite of a strong performance by retail stocks, the Footsie was trading flat by Thursday lunchtime with weakness in the mining sector limiting any upside for stock markets in London. Associated British Foods and Home Retail were standout performers in the UK, while retail peers Carrefour and Del
Read moreBroker tips: AB Foods, Home Retail, TUI Travel
17th Jan 2013 10:56
Panmure Gordon has retained its 'hold' rating for Associated British Foods but has hiked its target price from 1,450p to 1,670p after Thursday's trading update, saying that the group should be a 'core holding in the sector'. "ABF was our large cap stock of the year in 2012, and despite a 36% rise o
Read moreBroker snap: Panmure impressed with Primark growth at AB Foods
17th Jan 2013 09:47
Panmure Gordon has retained its 'hold' rating for Associated British Foods but has hiked its target price after Thursday's trading update, saying that the group should be a 'core holding in the sector'. The broker praised the "stunning growth" at AB Foods' Primark division, which prompted the firm
Read moreLondon open: Markets flat ahead of Spanish bond auctions
17th Jan 2013 08:27
London's benchmark index opened tentatively on Thursday morning ahead of another big day for corporate earnings in the US. It looks to be a quiet morning for Europe with little data due out, so the focus is likely to be on debt auctions in Spain, as the Treasury attempts to sell 2015, 2018 and 2041
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