Broker tips: Burberry, AB Foods, Motor insurers
20th Jan 2014 12:11
Credit Suisse has lowered its recommendation for luxury fashion brand Burberry from 'outperform' to 'neutral', saying that the outlook for the stock looks 'tough' in the near term. "We now think that Burberry's superior top-line momentum is unlikely to translate into superior earnings growth versus
Read moreBroker snap: Canaccord ups UK motor insurance targets on improving trends
20th Jan 2014 10:59
Canaccord Genuity has lifted its target prices across the UK motor insurance sector after recent data showed that premium trends began to improve at the end of last year. The Towers Watson/Confused.com UK motor pricing survey released on Friday showed that the quarter-on-quarter decline in premiums
Read moreMonday broker round-up UPDATE
20th Jan 2014 08:41
Admiral Group: Canaccord Genuity raises target price from 1160p to 1400p and upgrades to hold. African Barrick Gold: Westhouse Securities lowers target price from 170p to 160p and downgrades to sell. Alkane Energy: Liberum Capital downgrades to hold with a target price of 44p. Allocate Software:
Read moreLondon close: Car insurers lead markets higher after choppy session
17th Jan 2014 16:31
- UK retail sales smash forecasts for December - US economic data and earnings come in mixed - Car insurers gain as decline in premiums eases - Shell issues massive profit warning techMARK 2,851.01 +0.26% FTSE 100 6,829.30 +0.20% FTSE 250 16,187.09 -0.14% UK markets ended a choppy session with sma
Read moreSector movers: Car insurers rise on easing decline in premiums
17th Jan 2014 16:15
Non-life insurance stocks were among the strongest risers in London on Friday after data showed that the recent decline in car insurance premiums had begun to decelerate towards the end of last year. The figures have sparked hopes that price competition in the sector between rival insurers may be o
Read moreFTSE 100 movers: Admiral rises on insurance industry data
17th Jan 2014 15:07
Car insurer Admiral led today's risers after data showed that the decline in average premiums across the sector eased considerably at the end of 2013. Retailers Sainsbury and M&S climbed after UK retail sales volumes grew at a whopping 2.6% month-on-month pace in December, up from a revised 0.1% in
Read moreAdmiral leads gains on hopes for lessened price competition
17th Jan 2014 13:59
Car insurance premiums fell by 12.5 per cent year-on-year during the last three months of 2013, according to the latest survey data from Confused.com and Towers Watson. Thus, the average comprehensive car insurance price now stands at £644, 25% below the all-time highs reached in quarter two of 201
Read moreLondon midday: Markets rise as retail sales surge, but Shell drops
17th Jan 2014 11:32
- UK retail sales grow fastest since 2004 - Shell issues big profit warning - Insurers gain after data on premiums techMARK 2,851.71 +0.28% FTSE 100 6,832.59 +0.25% FTSE 250 16,197.26 -0.08% Markets were registering moderate gains by Friday lunchtime as investors reacted to a surprise surge in UK
Read moreMonday broker round-up UPDATE
13th Jan 2014 09:04
Admiral Group: Citi ups target price from 1220p to 1256p and reiterates a neutral rating. Afren: Nomura increases target price from 170p to 210p and stays with its neutral rating. Alternative Networks: Westhouse Securities increases target price from 445p to 540p reiterating its add rating. Amlin
Read moreSector movers: RSA lifts insurers, China data dampens miners
6th Jan 2014 15:11
The non-life insurance sector was the best performing category on Monday after strong gains from RSA Insurance, while mining stocks led the downside after some disappointing Chinese economic data. RSA was up nearly 7% at 98.2p in afternoon trade after positive comments from UBS which raised its tar
Read moreLondon close: Stocks pull back as investors await Fed decision
17th Dec 2013 16:36
- US inflation data in focus ahead of Fed meeting - UK inflation falls, Eurozone inflation picks up - Supermarket fall on competition from discounters - Car insurance is too high, claims Competition Commission techMARK 2,684.75 -0.05% FTSE 100 6,486.19 -0.55% FTSE 250 15,348.56 -0.23% UK markets p
Read moreFTSE 100 movers: Supermarkets drop, Admiral hit by car insurance concerns
17th Dec 2013 16:08
Supermarkets stocks were registering losses on Tuesday afternoon after a report from Kantar Worldpanel revealed that over half the UK shopped in either Aldi or Lidl during the 12 weeks to December 8th for the first time in history. The panel found that all of the Big Four grocers and with the Co-o
Read moreCar insurance too high, says Competition Commission
17th Dec 2013 13:12
The UK competition watchdog is planning new measures to reform the car insurance market after its investigation into the industry found the cost to consumers was too high. The Competition Commission said drivers were footing the bill for unnecessary costs incurred during the claims process followin
Read moreMonday broker round-up UPDATE
16th Dec 2013 08:16
Admiral Group: Deutsche Bank moves target price from 1300p to 1330p and maintains a hold recommendation. Allocate Software: N+1 Singer raises target price from 98p to 108p keeping a buy recommendation. Amlin: Deutsche Bank ups target price from 465p to 484p reiterating its hold recommendation. Ca
Read moreLondon close: Markets edge higher despite falls from Tullow, miners
9th Dec 2013 16:56
- Markets edge higher after positive start on Wall Street - Tullow Oil, mining stocks limit gains in London - Chinese exports slow; Japan GDP revised lower techMARK 2,679.67 +0.34% FTSE 100 6,559.48 +0.11% FTSE 250 15,391.79 +0.49% Markets finished with small gains on Friday after a decent start o
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