Week Ahead: Recruiters, house builders, AB Foods
6th Jul 2012 11:51
Next week sees two big recruitment agencies, Michael Page and Hays, update the market, and if the Thursday's report from smaller rival Robert Walters is anything to go by, the news may not be good. Better news is expected from house builders Bovis and Galliford Try if recent trading statements from
Read moreLondon midday: Stocks fall as investors shrug off central bank action
6th Jul 2012 11:37
- Markets look ahead to US jobs report - Investors shrug off central bank action - Aviva jumps on Delta Lloyds disposal The Footsie was trading within a narrow range on Friday morning as investors showed caution ahead of a pivotal employment report due out in the US in the coming hours. Stocks o
Read moreBroker tips: AstraZeneca, AB Foods, Dunelm
6th Jul 2012 11:31
Jefferies has downgraded its recommendation for pharmaceuticals giant AstraZeneca from 'buy' to hold' after the recent strong performance in the shares. "The shares have traded as low as 2,578p during the last few months as weak markets and irrational fears over potential large-scale M&A that could
Read moreBroker snap: Panmure welcomes AB Foods' latest bolt-on
6th Jul 2012 11:30
Panmure Gordon believes that Elephant Atta is a perfect fit for Associated British Foods and has maintained its 'buy' recommendation and 1,300p target price on the FTSE 100 food, ingredients and retail firm. AB Foods announced on Friday morning that it is to buy ethnic flour brand Elephant Atta fro
Read moreFriday broker round-up
6th Jul 2012 09:35
Aviva: SocGen upgrades to hold from sell. Aberdeen: UBS cuts target from 310p to 300p, buy rating unchanged. Associated British Foods: Nomura raises target from 1,375p to 1,400p, buy recommendation unchanged. AstraZeneca: Jefferies downgrades from buy to hold, target left at 2,975p. AVEVA: Beren
Read moreLondon open: Markets cautious ahead of US jobs report
6th Jul 2012 08:56
- Markets look ahead to US jobs report - Investors shrug off central bank action - Aviva jumps on Delta Lloyds disposal Following a subdued reaction to central bank policy decisions yesterday, European markets were lower in early trading on Friday as investors looked ahead to key employment data in
Read moreLondon pre-open: Stocks set to fall ahead of US jobs data
6th Jul 2012 07:38
With a key jobs report from the US expected later this afternoon, European markets are expected to open lower; yesterday's measures by central banks in the UK, Europe and China to boost growth have clearly failed to lift sentiment. City sources predict the FTSE 100 will open down 14 points from y
Read moreAB Foods buys ethnic flour brand from Premier Foods
6th Jul 2012 07:05
Food, ingredients and retail firm Associated British Foods (ABF) is to buy ethnic flour brand Elephant Atta from Premier Foods, the company announced on Friday. Elephant Atta, established in 1962, is being purchased by ABF's ethnic food subsidiary Westmill Foods for a cash consideration of £34m. T
Read moreLondon close: Stocks jump ahead of FOMC meeting
19th Jun 2012 16:44
- Markets look to FOMC with optimism - G20 meeting still ongoing, leaders pledge support - Whitbread, Home Retail lead risers in London Central bank stimulus speculation was doing the rounds today ahead of a key policy meeting in the US, fuelling a strong rise for the Footsie - the index finished a
Read moreLondon midday: Stimulus hopes drive gains
19th Jun 2012 11:28
- G20 to take 'all necessary policy measures' - UK, US stimulus hopes boost markets - Whitbread, Home Retail rise strongly UK stocks were trading near their highest levels of the day by lunchtime on hopes that the world's leaders can pull together to battle the global financial crisis. According t
Read moreWednesday broker round-up
25th Apr 2012 09:08
ARM Holdings: Investec maintains buy rating and 800p target; Natixis upgrades from neutral to buy, target lifted from 600p to 625p; JP Morgan Cazenover maintains neutral rating and 540p target; Barclays Capital reiterates overweight recommendation and 725p target; Jefferies upgrades from underperfor
Read moreBroker snap: Jefferies keeps hold of AB Foods
24th Apr 2012 12:27
Jefferies has maintained its hold recommendation for food and retail group Associated British Foods but acknowledged the firm's solid first-half results. There were no real surprises in the first-half figures, according to Jefferies, with operating profit up 6% at £412 and in line with consensus es
Read moreBroker tips: Man Group, AB Foods, Carpetright
24th Apr 2012 12:27
UBS has reiterated its buy recommendation for hedge fund manager Man Group, saying that the firm is a 'likely take-out candidate' and is on the 'UBS M and A Watch List'. "With Man Group shares having traded below 150p for a six-month period, we believe that a 50%+ premium bid offer to the current s
Read moreTuesday broker round-up
24th Apr 2012 09:27
ARM Holdings: Nomura maintains neutral rating and 600p target. Associated British Foods: Nomura keeps buy stance and 1,325p target; Jefferies mains hold recommendation and 1,155p target. Barclays: Investec maintains buy rating and 240p target. BBA Aviation: Jefferies keeps buy rating and 250p tar
Read moreLondon open: Financials lead comeback following steep losses
24th Apr 2012 08:40
- Footsie rebounds after Monday's steep losses - Shell makes 220p-a-share offer for Cove - Capita drops after proposing placing The FTSE 100 was clawing its way back slowly on Tuesday morning, following yesterday's steep sell-off which saw London's benchmark lose nearly two per cent of its value on
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