Monday newspaper round-up: Ukraine, House price rises, Interest rates
12th May 2014 07:07
Pro-Russian separatists in eastern Ukraine declared victory in a secession referendum Sunday, ratcheting up tensions between the West and Moscow, which by recognizing the results could push the country toward a breakup. Ukraine called the vote illegal and riddled with irregularities, and part of a w
Read moreLondon close: Quiet finish for FTSE, traders eyeing situation in Ukraine
2nd May 2014 16:59
- FTSE closes up 13.55 points at 6,822.42 - BoE Deputy warns 'dangerous' to ignore house price momentum - Eurozone unemployment stuck at 11.8 per cent - US non-farm payrolls rise 288,000 in April, employment drops techMARK 2,794.49 +0.22% FTSE 100 6,822.42 +0.20% FTSE 250 15,930.92 +0.51% UK stock
Read moreBroker tips: Next, Tullow, British American Tobacco...
30th Apr 2014 13:27
Shares in Next are up with events, according to Investec, despite a better-than-expected first-quarter update and raised guidance from the high street retail group on Wednesday. "We view Next as a core holding, but with the shares trading on a sector average price-to-earnings rating, we believe the
Read morePanmure upgrades BAT on second-half optimism
30th Apr 2014 09:31
Panmure Gordon has upgraded British American Tobacco (BAT) from 'hold' to 'buy', saying it sees an improving performance in the second half from the company. The broker has hiked its target price for the stock from 3,225p to 3,850p. The tobacco and cigarettes company revealed that constant currenc
Read moreBAT makes 'good start' but FX movements weigh on growth
30th Apr 2014 07:34
- FX has 10 per cent impact on revenue growth - Volumes trends improve in Q1 - Results more skewed towards H2 than in previous years British American Tobacco (BAT) said it has made a good start to the year despite foreign exchange movements remaining an 'issue' in the first quarter. The cigarettes
Read moreFTSE 100 movers: Supermarkets, miners lead, airlines fly lower
14th Apr 2014 15:09
Sainsbury was a strong riser as it recovered from last week's news that it had lost some of its market share to the likes of discount stores Lidl and Aldi. Sector peer Tesco was also making decent gains after it was reported the company is planning to launch its F&F range in the US. Other stocks
Read moreSector movers: Consumer staples rise as investors seek defensive stocks
14th Apr 2014 13:56
Consumer staples and non-cyclical stocks were benefiting from a reduction in risk appetite in London on Monday, as investors sought out more defensive assets. Tobacco and beverage stocks, supermarket chains and food producers were among the best performers of the day. Defensives are stocks that te
Read moreLondon midday: Sell-off continues on Ukraine crisis, but defensives gain
14th Apr 2014 11:40
- Ukraine calls on pro-Russian radicals to lay down arms - Defensive stocks, consumer staples rise as risk appetite falls - Glencore Xstrata sells Las Bambas for 5.85bn dollars techMARK 2,627.27 -1.60% FTSE 100 6,540.54 -0.32% FTSE 250 15,638.88 -1.63% UK markets picked up where they left off on M
Read moreSector movers: Consumer staples making gains
8th Apr 2014 15:16
Consumer staples stocks were among the best performers on Tuesday in London with tobacco, food and beverage stocks leading the advance. Cigarettes and tobacco giant British American Tobacco was among the best performers on the FTSE 100 in afternoon trade, up 1.8%, along with cosmetics and food grou
Read moreXaar Finance Director builds stake after cautioning on growth
28th Mar 2014 15:48
The Finance Director of Xaar Group this week acquired an additional 4,610 shares, boosting his stake by around a tenth. Alex Bevis, who joined the company three years ago, spent 850.61p on each of the shares, spending a total of £39,213. His purchase comes just a week after the group cautioned t
Read moreFriday broker round-up UPDATE
28th Mar 2014 12:35
888 Holdings: Deutsche Bank lowers target price from 166p to 160p retaining its hold recommendation. Aberdeen Asset Management: JP Morgan cuts target price from 529p to 509p and stays with its overweight rating. Advanced Medical Solutions: Investec shifts target price from 121p to 129p, while down
Read moreFTSE 100 movers: Lloyds climbs on rating upgrade
24th Mar 2014 15:48
Investec has upgraded its rating for Lloyds Banking Group from 'hold' to 'buy', telling investors that "it is safe to go back in the water", prompting a strong rise in the share price. "After a 10% 10-week pull-back, we again see reasonable value for a low-risk stock. Upgrade to 'buy'," the broker
Read moreBroker tips: Standard Life, Lloyds, Hargreaves Lansdown...
24th Mar 2014 11:43
Shore Capital has reiterated its 'hold' recommendation on insurer Standard Life after the company confirmed speculation that it is in talks with Phoenix regarding the potential purchase of the latter's Ignis Asset Management division. Shore Capital Analyst Eamonn Flanagan said that the move compoun
Read moreLondon midday: Stocks fall as Crimea turmoil drags on
24th Mar 2014 11:42
- Ukraine tensions escalate as G7 leaders meet - Interim President orders withdrawal from Crimea - Chinese manufacturing PMI eases - Kentz, Centamin impress, Diploma drops techMARK 2,769.80 -0.75% FTSE 100 6,537.07 -0.31% FTSE 250 16,085.67 -0.46% Heightened geopolitical tensions in Ukraine pushed
Read moreCredit Suisse cuts British American Tobacco, foresees lower growth
24th Mar 2014 09:53
Credit Suisse has lowered its recommendation for British American Tobacco (BAT) from 'outperform' to 'neutral' and reduced its forecasts following the company's full-year results last month. The target price for the stock has been cut slightly from 3,550p to 3,500p. "BAT's track record is among th
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