London pre-open: Stocks to ease after last week's rally
10th Sep 2012 07:28
City sources predict the FTSE 100 will open down 13 points from Friday's close of 5,795, easing back after last week's rally, which was prompted by hopes of more stimulus from the Federal Reserve after key non-farm payrolls data came in below expectations. The Federal Open Market Committee (FOMC) is
Read morePrimark growth quickens at AB Foods
10th Sep 2012 07:01
Primark and Silver Spoon owner Associated British Foods said its adjusted operating profit for the second half of its financial year will be well ahead of a year ago, in line with expectations. Sales at Primark for the full year are now expected to be 17% ahead of last year at constant currency whi
Read moreWeek Ahead: AB Foods, Supergroup, Wetherspoon ...
7th Sep 2012 10:04
There is a food theme to the corporate diary at the start of next week, while retailers will also be in fashion. On Friday, the week ends, as all working weeks should, with a visit to the pub. Associated British Foods reports on Monday, and although its Primark stores will garner their usual quota
Read moreWednesday broker round-up
15th Aug 2012 09:47
AB Foods: UBS raises target from 1,330p to 1,400p, buy rating unchanged. AVEVA: Jefferies ups target from 1,800p to 2,300p, buy recommendation maintained. Balfour Beatty: Investec maintains sell rating and 210p target. CLS Holdings: Peel Hunt ups target from 639p to 720p, hold rating kept. CRH:
Read moreTuesday broker round-up
7th Aug 2012 09:22
AB Foods: Nomura cuts target from 1,400p to 1,380p, buy rating kept. BBA Aviation: Jefferies keeps buy rating and 250p target. Big Yellow: Goldman Sachs upgrades to conviction buy, target lifted from 360p to 390p. Devro: Investec keeps buy rating and 355p target. Diageo: Investec lifts target fr
Read moreWednesday tips round-up: Croda, Associated British Foods, Ashmore
25th Jul 2012 07:21
In the Telegraph, Croda, the speciality chemicals firm is given high praise for its technology driven sales offering, which includes ingredients for use in lipstick and other cosmetics. The firm's shares trade on nearly 18 times earnings, which is high, and 'given the backdrop', the recommendation i
Read moreFriday tips round-up: Rolls-Royce, AB Foods, Britvic
13th Jul 2012 07:00
Garry White from the Questor column in The Telegraph has labelled engineering giant Rolls-Royce as a 'buy', following its recent wins at the Farnborough Airshow. "Questor likes the Rolls-Royce model because the company continues to make money out of its engines after they have been sold, through it
Read moreLondon close: Stocks slide ahead of Chinese growth data
12th Jul 2012 16:31
- All eyes on Chinese GDP data tomorrow - FOMC minutes disappoint as they fail to hint at QE3 - Aegis rockets after Dentsu offer; miners tank The FTSE 100 finished around 1% lower on Thursday afternoon with the mining sector bearing the brunt of concerns over the global economy ahead of some highly
Read moreFTSE 100 movers: Miners plunge but Ashmore beats them to bottom spot
12th Jul 2012 14:39
Mining heavyweights Antofagasta, Rio Tinto, ENRC and BHP Billiton were all registering steep losses after Credit Suisse slashed target prices across the sector after lowering commodity price estimates. Rio Tinto announced this morning that its Chief Financial Officer is to retire at the end of next
Read moreLondon open: Ashmore, G4S and miners provide a drag
12th Jul 2012 08:43
- FOMC minutes disappoint - Miners tank after Credit Suisse cuts forecasts - Aegis rockets after Dentsu offer The FTSE 100 dropped sharply in morning trade on Thursday with sentiment dampened by last night's statement by the Federal Reserve which didn't give any hints at further stimulus measures f
Read moreLondon pre-open: FTSE to fall on Fed concerns, Korea, Australia
12th Jul 2012 07:33
City sources predict the FTSE 100 will open down 29 points from yesterday's close of 5,664, as investors worry over whether the US Federal Reserve will increase stimulus after minutes from last month's meeting indicated that central bank judged that the economic situation would have to get worse for
Read moreSugar leads the way at AB Foods
12th Jul 2012 07:03
Revenue growth at Primark-owner Associated British Foods has been in line with the rate reported in the interim results, with the Sugar division the outstanding performer. Group revenue in the 40 weeks to June 23rd was up 11% on the corresponding period a year earlier, or 12% higher on a constant c
Read moreThursday preview: AB Foods, Centaur, Ashmore
11th Jul 2012 17:45
Associated British Foods, which last Friday announced the acquisition of the Elephant Atta ethnic flour brand from Premier Foods, updates the market on Thursday. Attention will probably be on the group's Primark clothing chain, as usual, but the Elephant Atta purchase is a useful reminder that there
Read moreLondon close: US jobs data sinks stocks
6th Jul 2012 16:41
- US non-farm payrolls disappoint - Miners drag the Footsie lower - IMF to cut global GDP forecast After treading water for the morning session, the Footsie dropped in afternoon trade after a disappointing employment report from the US dampened the outlook for the global economy. The US Labor Depa
Read moreFTSE 100 movers: Aviva leaps after Delta Lloyd sale plans
6th Jul 2012 13:39
Having promised on Thursday that it would raise money from disposals, insurance giant Aviva moved quickly to act on that pledge by saying it will sell more of its stake in Delta Lloyd than originally intended, prompting a sharp rise in its share price. Also providing a lift was Societe Generale whic
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