Sunday newspaper round-up: Tesco, AstraZeneca, Asos
22nd Jun 2014 13:02
Some of Tesco's biggest shareholders have complained to the retailer's senior independent director (Sid) about its strategy and management, the Sunday Times said. An unidentified top 10 shareholder said it expressed its concerns with the Sid, Patrick Cescau, and not Tesco's Chairman, Sir Richard Bro
Read moreWednesday broker round-up UPDATE
11th Jun 2014 09:05
ASOS: Berenberg reduces target price from 5350p to 3785p, while its buy recommendation is kept. Babcock International: Citi reduces target price from 1320p to 1280p and retains a neutral rating. Cobham: UBS raises target price from 290p to 315p and keeps a neutral rating. Dechra Pharmaceuticals:
Read moreLondon midday: UK stocks pull back from four-week high
10th Jun 2014 11:38
- FTSE 100 retreats from highest close since May 14th - DAX, Dow and S&P 500 at record highs - Chinese CPI rises, UK production improves - BT falls as Sky unveils new sports channel techMARK 2,851.50 -0.20% FTSE 100 6,845.20 -0.43% FTSE 250 16,205.98 -0.08% UK stocks pulled back on Tuesday after t
Read moreGoldman sees "compelling entry point" at ASOS after recent sell-off
10th Jun 2014 11:10
In the aftermath of ASOS' profit warning which sent its shares plummetting, Goldman Sachs has added the stock to its 'conviction buy' list, saying that investors should take advantage of the recent sell-off. The shares, up 1.6% at 3,250p on Tuesday morning, were still down 27% on last week after AS
Read moreTuesday broker round-up UPDATE
10th Jun 2014 09:45
ASOS: Goldman Sachs reduces target price from 6250p to 5750p, while upgrading to strong buy. Avon Rubber: Investec lowers target price from 690p to 680p and downgrades from buy to add. BAE Systems: Investec downgrades from add to hold with a target price of 430p. BG Group: Exane downgrades to neu
Read moreLondon open: Investors take profits after FTSE 100 hits four-week high
10th Jun 2014 08:28
- Markets retreat after global stocks hit record highs - FTSE 100 pulls back from highest close since May 14th - Imperial Tobacco leads consumer staples higher techMARK 2,853.93 -0.12% FTSE 100 6,852.30 -0.33% FTSE 250 16,178.50 -0.25% UK stocks retreated from a four-week high on Tuesday as invest
Read moreMonday broker round-up UPDATE
9th Jun 2014 09:43
Aggreko: Panmure Gordon downgrades from buy to hold with a target price of 1748p. API Group: Numis shifts target price from 84p to 85p, downgrading from buy to add. ASOS: Jefferies reduces target price from 6200p to 5700p, while leaving its buy recommendation unchanged. Betfair Group: Investec ra
Read moreBroker tips: Aggreko, ASOS, Synergy Health, Housebuilders
6th Jun 2014 13:42
Jefferies has maintained a 'buy' recommendation for temporary power and temperature control group Aggreko, saying that it sees the company "developing future growth" after an analyst visit this week. "There are a range of opportunities available to Aggreko with some new and different ways of workin
Read moreGoldman says Asos still set to grow despite falling margins
6th Jun 2014 10:51
Goldman Sachs is keeping faith with stock market darling Asos despite yesterday's news that the online fashion retailer cut its full-year margin guidance and blamed a strong pound for slower third quarter growth. Asos said its earnings before interest and tax (EBIT) margin for the current financial
Read moreFriday broker round-up UPDATE
6th Jun 2014 09:38
African Minerals: Investec places both its target price (prev.: 189p) and its buy recommendation under review. ASOS: JP Morgan reduces target price from 6600p to 4259p and retains its overweight rating. Citi reduces target price from 7000p to 3700p, while leaving its buy recommendation unchanged. D
Read moreFriday tips round-up: Smith&Nephew, Asos
6th Jun 2014 08:32
A bid for Smith&Nephew does indeed seem possible, at least according to market pricing. Should a 'knockout' bid finally come through, that could send the stock as high as £15, or should one fail to materialise, as low as £9. Closing yesterday at £10.89 the current stock price seems to be implying ab
Read moreLondon close: ECB underwhelms, change in the air at BoE
5th Jun 2014 16:55
- ECB becomes first major central bank to take deposit rate negative - Balance of votes on MPC may soon shift, Barclays Research says - Asos plummets - Smith & Nephew jumps on continued M&A speculation techMARK 2,824.79 +0.08% FTSE 100 6,813.49 -0.08% FTSE 250 15,995.49 +0.06% UK equities underper
Read moreBroker tips: Smith & Nephew, BSkyB, ASOS, Supermarkets
5th Jun 2014 12:54
Analysts at Credit Suisse said on Thursday that there is a "potential bidding war on the horizon" for medical devices group Smith & Nephew as US peer Medtronic became the latest company rumoured to be interested in the UK group. Satellite broadcaster BSkyB may rein back spending on English Premier
Read moreLondon midday: Investors show caution ahead of ECB, ASOS leads retailers lower
5th Jun 2014 11:25
- Markets await ECB decision, Draghi with caution - BoE keeps policy unchanged - ASOS shares plummet after profit warning, retailers fall - Smith & Nephew jumps on continued M&A speculation techMARK 2,820.75 -0.07% FTSE 100 6,796.31 -0.33% FTSE 250 15,939.53 -0.29% UK stocks were in the red on Thu
Read moreDowngrades in order for ASOS after profit warning, say analysts
5th Jun 2014 10:20
Analysts at Oriel Securities said they expect to cut their forecasts for ASOS significantly after a profit warning from the online fashion retailer. Speaking in a note before the open, Oriel said: "The shares will get hurt [...]. They have fallen a long way but the quantum of the warning will mean
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