London afternoon: Buyers buzzing
13th Sep 2010 15:27
The leading index is near its best levels of the day following a strong start on Wall Street, fuelled by new Basel III bank rules and impressive Chinese factory output. London is up for the fourth session in a row and trading higher for the eleventh day out of twelve, up at a new four-month high. S
Read moreLondon midday:Miners and banks lift index
13th Sep 2010 12:20
London's strong start to the day has continued with banks, miners and the odd sprinkling of bid talk giving buyers lots to bite on. Banks are among the top risers after a less stringent than feared Basle III decision by the European banking body. Royal Bank of Scotland and Lloyds are both in demand
Read moreBroker snap: Exit AB Foods, investors advised
13th Sep 2010 11:14
Investors should switch out of AB Foods into Unilever following today's trading update from the sugar giant and Primark owner, advises Charles Stanley. Forecasts of a 6% increase in like for like sales at discount clothes store Primark during the 53 weeks to 18 September is down from 8% rise for th
Read moreBroker tips: AB Foods, Thorntons, Centamin Egypt
13th Sep 2010 11:14
Investors should switch out of AB Foods into Unilever following today's trading update from the sugar giant and Primark owner, advises Charles Stanley. Forecasts of a 6% increase in like for like sales at discount clothes store Primark during the 53 weeks to 18 September is down from 8% rise for th
Read moreLondon open: Banks spur strong start
13th Sep 2010 08:38
Blue chips have moved higher first thing, extending last week's three-day winning streak to a fourth session following Basle III and bullish data out of China. Markets in the Far East surged following news that Chinese industrial production jumped a better than expected 13.9% year on year in August
Read moreLondon pre-open: Banks and China to keep rally going
13th Sep 2010 07:26
Blue chips are expected to push on higher first thing, extending last week's three-day winning streak to a fourth session following Basle III and bullish data out of China. Markets in the Far East have surged following news that Chinese industrial production jumped a better than expected 13.9% year
Read morePrimark and sugar lift AB Foods
13th Sep 2010 07:14
AB Foods expects its underlying results this year to be well ahead of last time as retail business Primark continues to power ahead, while sugar profits have recovered. "Trading for the group since the half year has been strong resulting in a substantial increase in adjusted operating profit for th
Read moreMARKET TALK: Investec Downgrades Premier Foods To Hold Vs Buy
2nd Aug 2010 13:14
1214 GMT [Dow Jones] Investec downgrades Premier Foods (PFD.LN) to hold from buy and cuts the price target to 21p from 33p ahead of the 2Q results. Following a weak 1Q, says the 2Q shows few signs of improvement. Says: "Hopes of a much-needed 2H recovery look to be fading." Expects profits in bread
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
2nd Aug 2010 13:14
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1214 GMT [Dow Jones] Investec downgrades Premier Foods (PFD.LN) to hold from buy and cuts the price target to 21p from 33p
Read morePureCircle Profit To Be Lower On Year; Agrees Joint Venture
27th Jul 2010 08:40
LONDON (Dow Jones)--Sweeteners company PureCircle Ltd. (PURE.LN) Tuesday said spending on sales and marketing and investment in production facilities mean profit for its 2010 fiscal year will be lower than a year earlier. The company added sales will be flat year-on-year. It ended a contract wit
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
19th Jul 2010 08:14
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0714 GMT [Dow Jones] Evolution Securities downgrades Associated British Foods (ABF.LN) to neutral from buy, but maintains
Read moreMARKET TALK: Evolution Cuts Associated British Foods
19th Jul 2010 08:14
0714 GMT [Dow Jones] Evolution Securities downgrades Associated British Foods (ABF.LN) to neutral from buy, but maintains its target price at 1090p. Its shares are up 30% since December relative to the FTSE 100, while earnings forecasts have been upgraded 13% and Evolution sees now as a good time to
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
9th Jul 2010 11:34
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1034 GMT [Dow Jones] Deutsche Bank raises Associated British Foods (ABF.LN) target to 925p from 915p. Trading momentum hel
Read moreMARKET TALK: Deutsche Bank Raises AB Foods Price Target
9th Jul 2010 11:34
1034 GMT [Dow Jones] Deutsche Bank raises Associated British Foods (ABF.LN) target to 925p from 915p. Trading momentum held up through the third quarter, says Deutsche. It says 3Q sales are in line with expectations and a slight weakening in Primark like-for-like sales is offset by a better margin p
Read moreMARKET TALK: SocGen Raises AB Foods Price Target
9th Jul 2010 11:28
1028 GMT [Dow Jones] Societe Generale raises AB Foods (ABF.LN) price target to 1046p from 1019p following the company's 3Q update. The statement shows Primark "powering on," and the brokerage raises its current year high-end-of-consensus EBIT forecast for Primark to GBP314M from GBP290M. It says the
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