FTSE 100 movers: Tesco surges on rival's unexpected positive results
12th Jan 2016 13:32
(ShareCast News) - The FTSE 100 continued to recover some of its losses from the start of the year, rising 107.03 points (1.82%) to 5,978.86 by mid-afternoon Tuesday. Tesco led the risers ahead of its Christmas and third quarter trading update out on Thursday, following an unexpectedly solid Christm
Read moreFTSE 100 movers: Anglo surges on report Brazil business sale process underway
11th Jan 2016 14:13
(ShareCast News) - The FTSE 100 continued to bounce around on Monday, with the market up 6.36 points (0.11%) to 5,918.80 points by mid-afternoon. On a day of lacklustre metals trading, with key commodities down halfway through the afternoon session, investors took to heart news that Anglo American i
Read moreBroker tips: BAE Systems, UK life assurers, Big Yellow
11th Jan 2016 13:19
(ShareCast News) - JP Morgan Cazenove believes 2016 will be a big year for defence stocks and has upgraded BAE Systems from 'neutral' to 'overweight'. The investment bank on Monday cited a major escalation in geo-political tensions as a reason why it will be a good year for the sector, as well as it
Read moreBAE Systems upgraded on big year ahead for defence stocks
11th Jan 2016 09:48
(ShareCast News) - JP Morgan Cazenove believes 2016 will be a big year for defence stocks and has upgraded BAE Systems from 'neutral' to 'overweight'. The investment bank on Monday cited a major escalation in geo-political tensions as a reason why it will be a good year for the sector, as well as it
Read moreSunday share tips: Randgold, BAE Systems, REDT
10th Jan 2016 13:59
(ShareCast News) - Randgold Resources, a rarity of a profitable and debt-free miner, is a share to hold onto, argued the Sunday Times' Inside the City column. The west and central Africa-focused group is valued at twice the market capitalisation of FTSE 100 peer Anglo American, which is highly indeb
Read moreFTSE 100 movers: Tesco leads market on positive broker note
8th Jan 2016 14:17
(ShareCast News) - London's blue-chip market was still in the black by mid-afternoon Friday, recovering some of the week's losses, with the FTSE 100 was up 19.22 points (0.32%) to 5,973.30 points. Tesco led the risers as Barclays upgraded the stock to 'overweight' from 'equalweight'. It said recent
Read moreFriday newspaper share tips: Shoppers avoid Poundland, investors advised to do the same
8th Jan 2016 11:05
(ShareCast News) - The lack of retail foot traffic has hit Poundland shares, and The Times' Tempus doesn't think it's worth jumping in and snapping up a discount. The retailer, including the newly acquired 99p Stores, said on Thursday it experienced strong sales growth across its operations for the
Read moreFTSE 100 movers: Miners drive down blue chip market
6th Jan 2016 14:59
(ShareCast News) - The FTSE 100 had dropped 86.42 points (1.41%) by mid-afternoon Wednesday, down to 6,050.82 points. Miners were again on the list of risers and fallers for a second day in a row, but this time on the negative side. Anglo American, BHP Billiton, Rio Tinto, Glencore and Antofagasta a
Read moreBAE Systems takes off as RBC upgrades to top pick
6th Jan 2016 09:14
(ShareCast News) - BAE Systems has started the day up after RBC Capital Markets upgraded it from 'outperform' to 'top pick', and raising the target price from 570p to 630p. The investment bank said in a note on Wednesday that it thinks the tide has turned for US defence spending. "We think investor
Read moreBroker tips: Imperial Tobacco, G4S, BAE Systems
20th Nov 2015 14:54
(ShareCast News) - Regardless of whether the speculation swirling around a possible bid for Imperial Tobacco from British American Tobacco pans out or not, the organic story and valuation argument are "compelling enough", Chris Whitman at Whitman Howard said in a research note sent to clients. Whitm
Read moreFTSE 100 movers: Glencore's reported Libya deal sends shares soaring
20th Nov 2015 14:18
(ShareCast News) - Despite a quiet day news-wise on the markets, the FTSE 100 was up marginally by mid-afternoon Friday to 6,345.49 - a 15.56 point rise (0.25%). Glencore surged on reports that it has agreed a deal to buy as much as half of the oil Libya currently exports as it looks to offset decli
Read moreBAE Systems shares rise after Investec upgrades to buy
20th Nov 2015 10:14
(ShareCast News) - Shares in BAE Systems are up after Investec upgraded the stock from 'sell' to 'buy' on Friday, as well as upgrading the target price from 410p to 530p. It comes a day after the FTSE 100 company announced it won an extension to its nuclear submarine deal from the UK Ministry of Def
Read moreDefence stocks fired up by European security spending hopes
17th Nov 2015 13:35
(ShareCast News) - Increased expectations of a security spending blitz in Europe as a result of the Paris attacks has driven up the shares of companies with a defence focus such as BAE Systems and Rolls-Royce. On Tuesday, France's pledge to breach deficit reduction rules by boosting security spendin
Read moreFriday broker round-up
13th Nov 2015 09:23
(ShareCast News) - Spire Healthcare Group: JP Morgan Cazenove downgrades to neutral, cuts target price to 310.00p. Weir Group: Deutsche upgrades to buy, bumps down target price to 1360.00p. Imi: JP Morgan Cazenove downgrades to neutral, reduces target price to 930.00p. SABMiller: Berenberg Bank do
Read moreBAE Systems to axe 371 jobs at Typhoon fighter unit; cuts earnings outlook
12th Nov 2015 08:38
(ShareCast News) - Military hardware maker BAE Systems said it was is axing 371 jobs at its military aircraft unit and announced earnings per share for the year would be 38p as its export order book thinned. BAE said the earnings would have been 2p a share lower but for favourable tax benefits. The
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