London midday: Stocks at new all-time high on Chinese stimulus hopes
15th Apr 2015 11:38
UK stocks were at a new record on Wednesday with investors looking on the bright side of weak economic from China, with hopes for further stimulus from Beijing pushing miners higher. Chinese economic growth slowed to a six-year low, while growth in fixed-asset investment, industrial production and r
Read moreBroker tips: Next, Burberry, Bunzl, Tullow, Vesuvius
15th Apr 2015 11:24
UK high street retailer Next raced up the FTSE 100 index on Wednesday after JPMorgan lifted its rating on the company to 'overweight' from 'neutral'. While JPMorgan favours Marks & Spencer stock on three-to-six month view for its ongoing turnaround potential, the US investment bank sees scope for Ne
Read moreBurberry in fashion but consensus stays at 'hold', says Hargreaves Lansdown
15th Apr 2015 10:55
Burberry produced a solid trading update for the second half on Wednesday, though the market reaction was mixed, with strong early gains being mostly erased by mid-morning. Underlying revenues were up 9% year-on-year at £1.42bn in the six months to 31 March, with strong growth in the Americas and Eu
Read moreLondon open: Stocks set new record as Chinese slowdown fuels stimulus hopes
15th Apr 2015 08:44
UK stocks reached a new all-time high on Wednesday morning as a raft of weak economic figures from China gave shares in the heavyweight mining sector a boost on hopes of further stimulus from Beijing. Chinese economic growth slowed to a six-year low, while growth in fixed-asset investment, industria
Read moreTrench coat and scarf sales lift second-half revenues at Burberry
15th Apr 2015 07:24
High end fashion label Burberry said strong demand for its iconic heritage trench coats and scarves gave results a boost in the second half, though the outlook was mixed. Underlying revenues were up 9% year-on-year at £1.42bn in the six months to 31 March, though this was a slowdown from the 14% gro
Read moreLondon close: UK stocks surge 1.1% to two-week high on M&A, Greece
9th Apr 2015 17:15
London's FTSE 100 bounced to finish above the psychological 7,000 level for the first time in over two weeks on Thursday, helped by easing concerns about Greece and continued M&A speculation. The Footsie closed 77.95 points higher (+1.12%) at 7,015.36 with Burberry and Intercontinental Hotels Group
Read moreFTSE 100 movers: Burberry rallies amid bid speculation
9th Apr 2015 16:07
Burberry Group's shares rallied amid speculation the luxury fashion house could attract the attention of a US rival or cash-rich private equity groups. The reported market chatter from UK newspaper the Daily Mail came before Burberry posts its 2015 sales figures next Wednesday. Earlier on Thursday,
Read moreM&A more than just tie-ups; underlying health of market robust
9th Apr 2015 15:07
Mergers and acquisitions are more than just about companies getting hitched, willingly or unwillingly. Like initial public offerings, some say that heightened deal activity is symptomatic of a healthy equity market. After years of dormant deal activity, M&A is back on board and with full force. Ac
Read moreBroker tips: Anglo American, BHP Billiton, BG Group, Burberry, IHG
9th Apr 2015 12:24
Shares in UK listed mining giants BHP Billiton and Anglo American slumped on Thursday after two investment banks downgraded their ratings on both companies. Credit Suisse and Investec Securities both downgraded BHP Billiton with the former now at 'sell' versus 'hold' while the latter at 'underperfor
Read moreThursday broker round-up
9th Apr 2015 11:58
Marks&Spencer: Cannacord Genuity reiterates hold and tweaks price target to 530p from 525p. Antofagasta: Credit Suisse reiterates neutral stance with a 710p target. BG Group: Citigroup reiterates buy and lifts target to 1,332p. Robert Walters: Credit Suisse reiterates outperform and improves targe
Read moreLondon midday: Stocks advance as M&A speculation boosts Burberry and IHG
9th Apr 2015 11:39
UK stocks advanced on Thursday despite some mixed economic data, as ongoing M&A speculation and easing concerns about Greece drove markets higher. London's FTSE 100 was up 0.76% at 6,989.91 by noon despite weakness in the heavyweight mining sector, as bid hopes boosted stocks such as Burberry and In
Read moreBurberry shares strut to the top of the FTSE 100 on bid talk
9th Apr 2015 09:39
Burberry shares topped the FTSE 100 leader board on Thursday amid speculation the luxury fashion house could attract the attention of a US rival or cash-rich private equity groups. The chatter, which was reported by UK newspaper the Daily Mail, comes before Burberry reports 2015 sales figures next W
Read moreJPMorgan raises Burberry target on forex moves
9th Apr 2015 09:04
Shares in Burberry were on the rise on Thursday in London on the back of bid speculation, while JPMorgan Cazenove gave the stock an extra boost by lifting its target price from 1,470p to 1,560p. The US bank's move came ahead of the fashion house's sales figures due on 15 April for the full year ende
Read moreLondon open: Miners fall, but UK markets track US and Hong Kong stocks higher
9th Apr 2015 08:57
UK stocks advanced on Thursday morning following a decent performance on Wall Street and Hong Kong indices overnight. Reports that Greece will meet Thursday's deadline to pay back a €450m loan payment to the International Monetary Fund were also helping sentiment. "The payment has been scheduled and
Read moreBurberry shares drop 2% as RBC cuts stock to 'sector-perform'
31st Mar 2015 13:40
Burberry shares slid 2% to 1732p on Tuesday with traders attributing RBC Capital Markets' move to cut its rating on the stock to 'sector-perform' from 'outperform'. RBC analysts said that as much as they like Burberry's digital story, recent negative pricing news-flow in China creates downside risks
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