FTSE 100 movers: Anglo American surges as Blackrock increases stake
5th Feb 2016 14:26
(ShareCast News) - The FTSE 100 was set to finish the week just in the black, up 1.32 points (0.02%) to 5,900.08 points by mid-afternoon on Friday. Anglo American led the risers for the second day running, while its sector peers were tracking the other way. It followed shares in Anglo rising on Thur
Read moreTuesday broker round-up
19th Jan 2016 14:22
(ShareCast News) - Royal Dutch Shell: Cannacord Genuity lowers target from 1,775p to 1,550p and reiterates hold. Burberry Group: Liberum reiterates sell with a 925p target; RBC reiterates neutral yet trims target from 1,300p to 1,275p; UBS up target from 1,400p to 1,500p staying at buy. Tullow Oil:
Read moreLiberum removes Anglo from 'conviction sell' list; adds Burberry, Taylor Wimpey
19th Jan 2016 13:58
(ShareCast News) - Liberum removed Anglo American from its 'conviction sell' list on Tuesday as it revised its conviction buys and sells for 2016. The brokerage noted the shares have tumbled 85% since it added the miner to its conviction sell list back in May 2014. It said the value of the business
Read moreLondon open: MPC may surprise with dovish tone, analysts say
14th Jan 2016 08:41
(ShareCast News) - London's top flight index dropped sharply early on Thursday morning, following a bruising session on Wall Street and with investors and traders focused on the Monetary Policy Committee announcement at noon. As of 08:38GMT the Footsie was down by 89.76 points to 5,871.21. To take
Read moreBurberry third quarter sales hit by Hong Kong slump
14th Jan 2016 07:03
(ShareCast News) - Luxury fashion retailer Burberry said underlying third quarter sales rose 1% to £603m, with comparable sales unchanged year-on-year against a fall of 4% in the second quarter - below the company's internal expectations as vital Hong Kong sales slumped. "In what remains a challengi
Read moreBroker tips: Burberry, Pearson, William Hill
16th Dec 2015 13:13
(ShareCast News) - HSBC has cut its target price on fashion label Burberry from 1,800p to 1,500p while retaining its 'buy' rating. The investment bank noted a brutal shift in sales momentum, with the company being the fastest growing large soft luxury company up until September, where it was outperf
Read moreHSBC cuts price on Burberry, retains 'buy' rating
16th Dec 2015 08:48
(ShareCast News) - HSBC has cut its target price on fashion label Burberry from 1,800p to 1,500p while retaining its 'buy' rating. The investment bank noted a brutal shift in sales momentum, with the company being the fastest growing large soft luxury company up until September, where it was outperf
Read moreLondon pre-open: Investors are all ears ahead of ECB's Draghi, Fed's Yellen
12th Nov 2015 07:51
(ShareCast News) - Will the European Central Bank pull the trigger on a new round of quantitative easing when it meets in December? It is with exactly that question foremost in their minds that investors will be waiting on this afternoon's testimony by ECB president Mario Draghi before the European
Read moreBurberry posts rise in first half profit but warns of challenging environment
12th Nov 2015 07:12
(ShareCast News) - Luxury retailer Burberry posted a rise in first half pre-tax profit but warned that the market environment remains challenging. For the six months to the end of September, adjusted pre-tax profit rose to £153m from the same period last year, while revenue was unchanged at £1.1bn.
Read moreThursday preview: Burberry interims take to the catwalk
11th Nov 2015 13:35
(ShareCast News) - Since February's all-time high, Burberry's shares have fallen 31% as the market angsts about the effect of China's economic slowdown on consumer spending in Asia and on Thursday the company reports on its first half performance. After a slight bounce since mid-October Burberry sha
Read moreWednesday broker round-up
28th Oct 2015 09:38
(ShareCast News) - Inmarsat: Credit Suisse reiterates to outperform, raises target price to 1080.00p. Gresham House Strategic: FinnCap starts new coverage, sets target price at 1000.00p. Burberry Group: JP Morgan Cazenove reiterates to neutral, cuts target price to 1500.00p. Goldman Sachs reiterate
Read moreFTSE 100 movers: Shire's schadenfreude as FDA holds up AstraZeneca
16th Oct 2015 14:03
(ShareCast News) - The FTSE 100 was up 28.77 points (0.45%) mid-afternoon Friday to 6,367.44 as hopes of further stimulus measures by the European Central Bank increase on the back of continued low Eurozone inflation figures. Shire PLC led the risers on the back of news from AstraZeneca that the US
Read moreLondon close: Stocks up as US inflation exceeds forecasts
15th Oct 2015 16:15
(ShareCast News) - The UK equity market was in positive territory on Thursday after US inflation data beat forecasts. The US consumer price index for September came in flat from a year ago, better than the 0.1% dip forecast by analysts and following a 0.2% increase in August. Compared to a month ag
Read moreFTSE 100 movers: Burberry trips lower, ARM flexes
15th Oct 2015 13:50
(ShareCast News) - The FTSE 100 slowly recovered Wednesday's losses, up 55.73 (0.89%) to 6,325.34 by mid-afternoon Thursday. Burberry took the biggest hit of the day after it announced sales slowed in the second quarter as the luxury market became "increasingly challenging". While retail sales were
Read moreLondon midday: Stocks boosted by Chinese lending figures ahead of US inflation
15th Oct 2015 11:09
(ShareCast News) - London stocks were on the front foot on Thursday, buoyed by a higher than expected increase in Chinese lending figures. China's banks issued 1.05trn yuan in new yuan loans in September, compared to 809.6bn yuan in August and analysts' expectations of 850bn yuan. "Although this wi
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