Broker tips: Housebuilders, Real estate stocks, Burberry...
17th Jun 2014 13:23
British housebuilders are unlikely to take a major hit from a rise in interest rates, US broker JP Morgan Cazenove said on Tuesday. "Given we expect a rate hike to be associated with improving economic conditions, we expect limited impact on market conditions". Large UK property stocks, which are
Read moreFX headwinds growing at Burberry, says Credit Suisse
17th Jun 2014 10:12
Credit Suisse has maintained its 'neutral' stance on high-end fashion group Burberry, saying that recent currency movements are impacting it more than its luxury peers. The foreign exchange (FX) environment has become "even more challenging", the bank said. It pointed out that the pound has apprec
Read moreWife of CareTech Strategic Director reduces company holding
13th Jun 2014 16:29
Specialist care and housing support services group CareTech on Friday announced that a company wholly-owned by the wife of its Strategic Director, Stewart Wallace, has traded in 300,000 shares, reducing its stake to 32,750. Wallace's beneficial interest has been maintained at 473,374, but with his
Read moreSunday newspaper round-up: TSB float, Barclays, Carphone Warehouse
8th Jun 2014 16:25
Lloyds Banking Group will price TSB at up to £1.44bn when it floats the new bank on the stock market - 10% below the new bank's book value, the Sunday Telegraph said. The valuation is designed to ensure a smooth reception for the initial public offering, making the bank priced "to go". Lloyds thinks
Read moreFTSE 100 movers: IAG and St James's Place are biggest risers
6th Jun 2014 14:37
International Consolidated Airlines (IAG) rallied after announcing passengers on its European British Airways flights will soon have access to in-flight broadband for the first time. St James's Place gained after Barclays reiterated an 'overweight' rating for the wealth manager. Whitbread advanc
Read moreLondon close: FTSE dips as traders eye elections in Europe and Ukraine
23rd May 2014 16:59
- FTSE closes down 4.81 points to 6,815.75 - Sentiment weighed by Bank Holiday, elections, Ukraine - US new home sales rise techMARK 2,758.00 +0.51% FTSE 100 6,815.75 -0.07% FTSE 250 15,706.03 +0.20% It was a negative finish for UK stocks in the final session of the week, with investors focused on
Read moreFTSE 100 movers: SABMiller retreats on profit taking after strong results
23rd May 2014 15:41
SABMiller retreated following yesterday's strong rise, which came on the back of a strong set of annual results. The group posted a 2% rise in adjusted pre-tax profit to $5,712, while the dividend was increase to 105 cents, up from 101 cents a year earlier. Sector peer Diageo tracked the stock lo
Read moreSector movers: Beverages slide as SABMiller comes off recent gains
23rd May 2014 15:00
The beverages sector was the biggest faller as SABMiller retreated following yesterday's strong rise, which came on the back of a strong set of annual results. The group posted a 2% rise in adjusted pre-tax profit to $5,712, while the dividend was increase to 105 cents, up from 101 cents a year ea
Read moreLondon midday: FTSE continues to decline, Intertek drags lower
23rd May 2014 11:40
- FTSE down 16.44 points to 6,804.12 - Intertek hit by Numis comments - Elections in focus ahead of Bank Holiday weekend techMARK 2,747.39 +0.12% FTSE 100 6,799.91 -0.30% FTSE 250 15,677.95 +0.02% The FTSE was still down by midday, dragged lower by Intertek ahead of the long weekend which will see
Read moreFTSE 100 movers: Petrofac rises on Barclays upgrade
21st May 2014 15:28
Petrofac climbed after Barclays raised its recommendation for the UK's largest oil and gas engineer. An increase in oil prices also boosted the sector with both Brent and West Texas Intermediate crude futures higher. Burberry's annual revenue rose 17% to £2.3bn, boosted by strong retail sales. The
Read moreLondon midday: Minutes show first signs of split in MPC
21st May 2014 12:15
- AstraZeneca leads gains - UK retail sales surge by 1.3 per cent on the month - Minutes show differences of opinion amongst MPC techMARK 2,718.19 +0.43% FTSE 100 6,794.51 -0.11% FTSE 250 15,526.03 +0.56% Change is in the air at the Bank of England; indeed, perhaps not massive change, but change n
Read moreLondon open: Stocks drift lower after BoJ holds policy steady
21st May 2014 09:02
- Petrofac leads gains after Barclays upgrade - Dollar/yen trading below 101 - Russian troops have yet to pull back, negotiations ongoing in Ukraine techMARK 2,710.51 +0.15% FTSE 100 6,801.35 -0.01% FTSE 250 15,467.06 +0.17% Stocks were trading slightly lower little over an hour after the start of
Read moreBurberry appoints easyJet's CEO as a non-executive director
21st May 2014 08:58
Luxury fashion group Burberry has appointed easyJet's Chief Executive Officer (CEO) as a non-executive director and member of the audit remuneration and nomination committees. Carolyn McCall, who is expected to assume the role on September, has held a number of senior roles, which include CEO of Gu
Read moreBurberry reports record annual sales and profit
21st May 2014 07:03
- Record sales and profit - Retail sales drive growth - Dividend raised 10 per cent Burberry's annual revenue rose 17 per cent to 2.3bn pounds, boosted by strong retail sales. The luxury fashion house reported adjusted pre-tax profit of £461m in the year to end of March 2014, up 8% on the previous
Read moreSunday share tips: Burberry, TalkTalk, Merlin
18th May 2014 14:24
It may be best to hold off buying Burberry after the departure of former boss Angela Ahrendts, the Sunday Times's Danny Fortson wrote in his Inside the City column. New Chief Executive Christopher Bailey holds his first annual results on May 21st. His biggest project is in Japan where he plans take
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