UPDATE: Monday broker round-up
3rd Oct 2011 09:03
Antofagasta: Citi upgrades to hold, target cut from 1,230p to 1,010p. Man Group: Citi has kept its hold/high risk rating and 190p target. Lonmin: Citi maintains hold/medium risk recommendation and 1,237p target. Burberry: Nomura reiterates neutral rating and 1,356p target. Cookson: UBS upgrades
Read moreSunday newspaper round-up: UK QE II, ARM, China, ASOS, BoE
18th Sep 2011 17:21
What will a second round of quantitative easing (QE II) do for equities, gilts and Sterling? asks Neil Hume in this Weekend's Financial Times. Well, both Goldman and Citi believe that QE II will centre on long dated public debt. In fact, Citi believes the Bank of England (BoE) could even end up bu
Read moreBroker tips: BG, Burberry, ASOS
16th Sep 2011 12:52
Shares in BG Group were helped higher by speculation that two Chinese oil companies are interested in acquiring BG's Brazilian business, which UniCredit believes could act as a catalyst for the stock. "Given the recent resource estimates increase, it is possible that BG is considering ways to fund
Read moreBroker snap: Peel Hunt upgrades ASOS to buy
16th Sep 2011 12:50
Following the 25%-plus fall in ASOS's share price over the summer, Peel Hunt has upgraded the fashion retailer from sell to hold and hiked its target price by an optimistic 400p. Peel Hunt attended the ASOS's site visit at its new 500,000 sq ft distribution centre in Barnsley on Thursday, and said
Read moreAfrican Barrick boss opens account
3rd Aug 2011 16:29
African Barrick Gold's finance boss Kevin Jennings has bought shares worth a total of £74,370, opening his account a week after the company reported strong results for the second quarter. Jennings's acquisition of 15,000 shares at 495.80p is his first purchase of shares in the firm. He has be
Read moreSoaring overseas sales boost ASOS
14th Jul 2011 10:17
Soaring international sales helped online celebrity-inspired fashion retailer ASOS maintain its eye-watering upward momentum in the three months to 30 June. ASOS - whose name stands for 'As Seen On Screen" - saw revenues rise by 69% from the same period a year ago to £104.2m UK revenues climbed by
Read moreLondon midday: Stocks stuck lower after slide
2nd Jun 2011 12:00
Shares remain firmly in the red following this morning's slide. B&Q owner Kingfisher is lower even after it saw year-on-year like-for-like sales growth of 3.3% in the 13 weeks ended 30 April. Total sales were also up 3.3%, while retail profit rose 19.1% in comparison with the year before. The numb
Read moreLondon open: Slide continues after US slump
2nd Jun 2011 08:22
Stocks have resumed yesterday's slide following a tumble on Wall Street last night. B&Q owner Kingfisher is lower even after it saw year-on-year like-for-like sales growth of 3.3% in the 13 weeks ended 30 April. Total sales were also up 3.3%, while retail profit rose 19.1% in comparison with the ye
Read moreLondon pre-open: Stuck in reverse
2nd Jun 2011 07:37
Another day of losses looks to be in prospect for London's leading stocks after US stocks headed lower last night. City traders predict the top-share index will open around 50 points down from last night's close of 5,929. Company results have provided some cheer, with platinum refiner Johnson Matt
Read moreInternational expansion drives ASOS growth
2nd Jun 2011 07:19
ASOS delivered profits ahead of expectations in the year to 31 March as the internet fashion retailer's sales continued soaring. Pre-tax profits before exceptional items were up to £28.6m from £20.4m the previous year on revenues that soared to £339.7m from £223m. Sales in Britain were up by 25% to
Read moreThursday preview: Kingfisher, Johnson Matthey, ASOS
1st Jun 2011 17:50
Matrix Group has upgraded B&Q owner Kingfisher ahead of the retailer's first quarter results on Thursday, so it must be expecting good news. "The company has avoided the heavy promotion of Homebase, the UK's No.2, in the past year or so, and the results have been plain in high-teens profit growth.
Read moreTuesday newspaper round-up: Euro, Apple, Google
19th Apr 2011 06:05
The euro fell amid fears that a public backlash against "squanderer" member states could de-rail Brussels' radical plans to avert the mounting sovereign debt crises. The embattled currency fell to as low as $1.4155 at one point as traders ignored Greece's denials that it needs to restructure its deb
Read moreLondon close: Retailers lift Footsie higher
13th Apr 2011 16:08
While the Footsie came off its daily highs, it still managed to post a gain of close to 1% as strong results from ASOS boosted the retail sector higher. Meanwhile, stocks were recovering from the 89 point sell-off yesterday, its worst one-day fall since mid-March. Strong growth overseas helped the
Read moreBroker tips: G4S, ASOS, Alterian
13th Apr 2011 12:24
The emerging market footprint of security firm G4S is underappreciated, according to UBS, who has hiked up its target price from 300p to 330p. "Our detailed analysis of security industries in emerging markets reveals G4S has a stronger competitive position than we believe is appreciated," said the
Read moreLondon midday: FTSE 100 wins back losses
13th Apr 2011 12:03
The top share index has won back most of yesterday's losses, with a rally in the mining sector driving the gains. Fresnillo leads the large cap miners higher. The Mexican miner's silver production slipped slightly in the quarter to 31 March, but expanded capacity at its Soledad-Dipolos mine helped
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