Broker tips: Burberry, Centrica, SSE, RBS
9th Mar 2016 14:38
(ShareCast News) - A weaker sterling will add to ,'s growth on both the top-line and bottom-line, but the recent rebound in the share price was "unwarranted", HSBC said. Neither should investors expect anything more than excess cash to be returned and room to cut costs further was limited, analysts
Read moreHSBC ups target on Burberry, but downgrades shares
9th Mar 2016 12:58
(ShareCast News) - A weaker sterling will add to Burberry's growth on both the top-line and bottom-line, but the recent rebound in the share price was "unwarranted" HSBC said. Neither should investors expect anything more than excess cash to be returned and room to cut costs further was limited, ana
Read moreBurberry shares tank after holder of mystery position revealed
9th Mar 2016 12:10
(ShareCast News) - Shares in Burberry came off sharply following a report that the 'mystery investor' who had built up a greater than 5.0% stake in the company's stock was in fact the result of a series of trading positions taken on by HSBC. The report, referencing a Bloomberg article which cited 's
Read moreLondon pre-open: Burberry in fashion ahead of Carney testimony
8th Mar 2016 07:06
(ShareCast News) - Market sentiment took a hit overnight from weaker than expected trade numbers out of China ahead of what may be a key hearing from Bank of England governor Mark Carney and deputy governor Jon Cunliffe before the Treasury Select Committee on the financial costs and benefits of the
Read moreTuesday newspaper round-up: BoE, BHS, Wall St bonuses, Hinkley Point
8th Mar 2016 07:01
(ShareCast News) - The Bank of England is preparing to protect British banks from running out of funds in the event of a Brexit vote by flooding them with a wall of money in the latest sign of the authorities' nervousness surrounding the EU referendum. The central bank has announced it will give com
Read moreBurberry seeks help from advisers to defend against possible bid
8th Mar 2016 06:52
(ShareCast News) - Fashion chain Burberry has been seeking help from its financial advisers to defend against a possible takeover bid after it was found that a mystery investor had built up a 5% stake in the company, according to reports. The company tried to obtain an answer from HSBC, the custodia
Read moreUBS positive on Tesco, Burberry
29th Feb 2016 12:53
(ShareCast News) - Were a 'disconnect' between resilient economic indicators and collapsing stockmarkets a reason to go 'contrarian' as an investor? On Monday, UBS strategist Joao Toniato told investors he thought so, "but with caution". That was because the European market had gone three-quarters
Read moreFTSE 100 movers: Burberry leads index on rating upgrade
26th Feb 2016 14:21
(ShareCast News) - The FTSE 100 was set to finish the week on a positive note, with the blue chip index up 73.36 points (1.22%) to 6,086.17. Burberry led the risers after Nomura upgraded the fashion company to 'buy' from 'neutral' and lifted the price target to 1,500p from 1,450p. It said since the
Read moreFriday broker round-up
26th Feb 2016 14:05
(ShareCast News) - Burberry: Nomura upgrades to buy with a target price of 1500p. Anglo American: Canaccord downgrades to sell with a target price of 350. South32: UBS reiterates neutral with a target price of 67p, Citigroup stays at buy, 75p target and Exane BNP Paribas keeps at outperform, 70p ta
Read moreBroker tips: Burberry, Lloyds, Britvic
26th Feb 2016 12:48
(ShareCast News) - Nomura upgraded Burberry to 'buy' from 'neutral' and lifted the price target to 1,500p from 1,450p. It said since the company announced a review of the global market, its initiatives, efficiency programmes, productivity and capital allocation, expectations have risen in anticipati
Read moreNomura upgrades Burberry to 'buy' ahead of change
26th Feb 2016 12:21
(ShareCast News) - Nomura upgraded Burberry to 'buy' from 'neutral' and lifted the price target to 1,500p from 1,450p. It said since the company announced a review of the global market, its initiatives, efficiency programmes, productivity and capital allocation, expectations have risen in anticipati
Read moreUBS sees limited read-through from Hugo Boss to Burberry
24th Feb 2016 14:46
(ShareCast News) - UBS´s upbeat view on luxury-goods maker Burberry was unmarred by a profit-warning from rival Hugo Boss in the previous session. The iconic British brand´s pricing was not as stretched and it was better-positioned in the US market, the Swiss broker said. At the start of the second
Read moreFTSE 100 movers: Miners keep index firmly in the red
24th Feb 2016 14:43
(ShareCast News) - The FTSE 100 was firmly in the red again on Wednesday, down 110.76 points (1.86%) to 5,851.55 by mid-afternoon. Miners plunged and led the fallers as metal prices fell as part of a wider commodities downturn. Glencore and Anglo American led the list of the index's biggest fallers,
Read moreTuesday broker round-up
23rd Feb 2016 13:51
(ShareCast News) - HSBC: JP Morgan reiterates underweight with a target price of 410p and UBS stays at buy, 490p target. Just Eat: Investec reiterates buy with a target price of 435p. Glencore: Exane BNP Paribas keeps at outperform with a target of 145p. Ashmore Group: UBS starts coverage at neutr
Read moreTuesday broker round-up
23rd Feb 2016 13:51
(ShareCast News) - HSBC: JP Morgan reiterates underweight with a target price of 410p and UBS stays at buy, 490p target. Just Eat: Investec reiterates buy with a target price of 435p. Glencore: Exane BNP Paribas keeps at outperform with a target of 145p. Ashmore Group: UBS starts coverage at neutr
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