FTSE 100 movers: GSK and Hikma lead blue chips higher
29th Jul 2015 15:24
(ShareCast News) - The FTSE 100 index built an early lead on Wednesday and stayed in positive territory thanks to forecast-busting results from several heavyweights in the pharma, tobacco and banking sectors. London's blue chip index was up 0.57% to 6,592.54 at 1435 BST. Top of the leaderboard mid-
Read moreLondon open: US Fed in a pinch with CPI set to drop
29th Jul 2015 10:20
(ShareCast News) - Stocks in London continued to bounce back ahead of Wednesday's policy decision from the US Federal Reserve, as some analyst warned of deflation risks. Even the Shanghai Stock Exchange's Composite Index finished higher overnight, rising by 3.44% to reach 3,789.19 points. Gains were
Read moreBritish American Tobacco profit beats expectations but revenue hit by currency moves
29th Jul 2015 08:51
(ShareCast News) - British American Tobacco posted a rise in first-half profit, although revenue for the period was dented by currency moves. The company, which owns Dunhill and Lucky Stripe, said net profit for the year to 30 June came in at £2.65bn, up from £1.75bn and better than consensus expect
Read moreCanadian appeal court rules in favour of big tobacco
24th Jul 2015 08:44
(ShareCast News) - A Canadian court has ruled subsidiaries of three major tobacco companies don't need to immediately deposit more than $1bn for a class action law suit. The Quebec Court of Appeal ruled British American Tobacco, Philip Morris International and Japan Tobacco International should n
Read moreMonday broker round-up
13th Jul 2015 12:05
(ShareCast News) - ARM Holdings: JP Morgan downgrades to underweight and lowers target to 900p from 950p; Exane reiterates outperform with 1,400p target. AstraZeneca: Goldman Sachs stays at neutral and Jefferies at buy. British American Tobacco: Nomura starts coverage at buy with 3,920p target. Bu
Read moreSector movers: Miners retreat as London market just about stays in positive territory
19th Jun 2015 16:18
Greece continued to hound investor sentiment on Friday with mining stocks in general retreat, as the London market just about remained on positive ground. The blue chip FTSE 100 index closed up a mere 2.57 points or 0.04% at 6,710.45 with miners in general retreat from the previous session's high. W
Read moreBroker tips: Betfair, Tesco, Sainsbury, Morrison, BAT, Imperial Tobacco
17th Jun 2015 10:23
Numis raised its rating on Betfair to 'reduce' from 'sell' and reiterated its 2,100p price target, in light of the modest recent retreat in the share price. Commenting on the company's full-year results, it noted that revenue was just a touch ahead of its expectations, with earnings before interest,
Read moreLondon open: UK stocks flat as investors watch Greece, Fed decision
17th Jun 2015 08:42
UK stocks paused at a three-month low on Wednesday morning ahead of a Federal Reserve policy decision, as negative newsflow from Greece continued to dampen risk appetite. The FTSE 100 was trading 0.1% lower at 6,703.24 after settling at 6,710.10 on Tuesday, its lowest close since 10 March. The inde
Read moreGoldman Sachs ups BAT to 'neutral', reinstates Imperial Tobacco at buy
17th Jun 2015 07:30
Goldman Sachs has upgraded British American Tobacco to 'neutral' from 'sell' and raised the target price to 3,270p from 3,010p. It noted that since being added to the 'sell' list on 9 October 2014, the shares are down 2% versus the FTSE World Europe's rise of 7% and the staples sector up 11%. GS sa
Read moreLondon close: FTSE bounces off five-month low after late rally
16th Jun 2015 17:08
UK stocks managed to claw their way back to finish flat on Tuesday as investors sought out bargains after markets dropped to a five-month intraday low. Stocks in the tobacco, housebuilding and pharmaceutical sectors extended gains late on, while Royal Mail rebounded after earlier weakness, making up
Read moreFTSE 100 movers: Tobacco stocks surge on broker comments, miners lower
16th Jun 2015 12:58
London markets hit a five-month low on Wednesday, driven by continued Greece concerns, a sell-off in Chinese markets and weakness in the mining, construction and technology sectors. As of 14:00 BST, the FTSE 100 was trading 0.42% lower at 6,683. British American Tobacco and Imperial Tobacco led the
Read moreLondon midday: UK stocks at lowest since January as Greece hits risk appetite
16th Jun 2015 12:09
London's FTSE 100 dropped below the 6,700 level for the first time in five months on Tuesday as ongoing worries about Greece and a sell-off on Chinese markets dampened risk appetite. The Footsie was down 0.63% at 6,668.31 by midday with the heavyweight mining sector providing a drag. The index has
Read moreBAT, Imperial Tobacco top FTSE 100 as Credit Suisse reinstates at 'outperform'
16th Jun 2015 10:12
British American Tobacco and Imperial Tobacco rose to the top of the FTSE 100 on Tuesday after Credit Suisse reinstated coverage on both stocks at 'outperform', with target prices of 3,800p and 3,600p, respectively. CS said: "The $7.1bn acquisition of some US brands from Reynolds has the potential t
Read moreLondon open: UK stocks drop to five-month low ahead of CPI data
16th Jun 2015 08:19
UK stocks dropped into the red for a third straight day on Tuesday on the back of ongoing concerns about Greece, a sell-off in China and caution ahead of inflation data. The FTSE 100 was trading 0.55% lower at 6,673.49 early on, after hitting a three-month closing low of 6,710.52 on Monday. The ind
Read moreTobacco companies' profit growth to improve modestly, says Moody's
8th Jun 2015 12:52
Tobacco companies' underlying business model remains strong and the suspension of share buybacks will help alleviate the pressure on leverage resulting from ongoing foreign exchange volatility, according to Moody's. In a report to clients on Monday, the ratings agency, which has a stable outlook on
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