Broker tips: Burberry, IMI, Carpetright, Airlines
7th Apr 2014 12:14
Berenberg has downgraded its rating for high end fashion brand Burberry from 'buy' to 'hold', saying that recent strength of the pound will have a negative impact on its performance. The broker said that the estimated sales and earnings growth rates over the next three years are "less compelling".
Read moreLondon midday: Housing stocks lead markets lower
7th Apr 2014 11:42
- Markets pull back from one-month high - Crimea unrest dampens risk appetite - Housing stocks provide a drag techMARK 2,748.24 -0.80% FTSE 100 6,652.02 -0.65% FTSE 250 16,327.20 -0.65% UK stocks were firmly lower on Monday morning, pulling back after hitting a one-month high, as markets tracked a
Read moreMonday broker round-up UPDATE
7th Apr 2014 10:19
Abcam: Canaccord Genuity lowers target price from 386p to 375p, while upgrading from sell to hold. Aberbdeen Asset Management: Credit Suisse ups target price from 415p to 440p and stays with its neutral rating. AO World: Jefferies initiates with a target price of 410p and a buy recommendation. JP
Read moreBerenberg downgrades Burberry on FX exposure
7th Apr 2014 09:42
Berenberg has downgraded its rating for high end fashion brand Burberry from 'buy' to 'hold', saying that recent strength of the pound will have a negative impact on its performance. The broker said that the estimated sales and earnings growth rates over the next three years are "less compelling".
Read moreLondon open: Stocks pull back from one-month high
7th Apr 2014 08:34
- Stocks track heavy losses in US and Asia - UK markets retreat from highest close since early March - CRH rises despite rivals' merger, housebuilders fall techMARK 2,741.16 -1.06% FTSE 100 6,646.69 -0.73% FTSE 250 16,282.85 -0.92% UK stocks fell sharply on Monday morning as investors booked profi
Read moreThursday broker round-up UPDATE
3rd Apr 2014 09:05
Associated British Foods: Citi increases target price from 2350p to 3000p, while its neutral rating remains unchanged. Booker Group: Investec shifts target price from 172p to 178p retaining a buy recommendation. BSkyB: HSBC Holdings moves target price from 600p to 610p, while keeping its underweig
Read moreSector movers: Miners rebound after recent slump
21st Mar 2014 14:59
The mining sector was performing well on Friday as bargain hunters stepped in following recent weakness, while personal goods stocks were dampened by heavy falls from Burberry. At Thursday's close, the FTSE 350 mining sector had lost more than 11% over the last four weeks as falling copper prices a
Read moreFTSE 100 movers: Miners jump after recent declines
21st Mar 2014 14:55
Mining stocks were performing well throughout today's session as bargain hunters stepped in following recent weakness in the sector. At Thursday's close, the FTSE 350 mining sector had lost more than 11 per cent over the last four weeks. Anglo American, Antofagasta, and precious metals producer Fres
Read moreBank of America downgrades Burberry on FX, Japan headwinds
21st Mar 2014 13:55
High end fashion group Burberry was under selling pressure on Friday after analysts at Bank of America Merrill Lynch lowered their recommendation on the shares from 'buy' to 'neutral'. The bank, which also slashed its target price from 1,740p to 1,500p, said that currency movements and the integrat
Read moreLondon midday: Stocks set for weekly gain as miners rise
21st Mar 2014 11:45
- Miners recover after recent slump - Obama imposes more sanctions on Russia - Markets await speeches from Fed officials - Burberry, RBS, Hikma hit by broker downgrades techMARK 2,807.91 +0.27% FTSE 100 6,564.71 +0.34% FTSE 250 16,228.56 +0.07% UK equities were trading higher on Friday with the FT
Read moreMonday broker round-up UPDATE
17th Mar 2014 08:31
Admiral Group: Credit Suisse raises target price from 1340p to 1425p and keeps a neutral rating. African Barrick Gold: Canaccord Genuity ups target price from 315p to 330p and maintains a buy recommendation. Amara Mining: Canaccord Genuity moves target price from 25p to 33p and reiterates its buy
Read moreLondon close: Ukraine concerns drive stocks firmly lower
7th Mar 2014 16:59
- FTSE closes down 76 points - Ukraine continues to dent confidence - Copper prices hit by China worries techMARK 2,859.92 -0.95% FTSE 100 6,712.67 -1.12% FTSE 250 16,559.45 -0.67% UK stocks ended the week on a sour note, dragged lower by concerns surrounding Ukraine and Russia, together with fall
Read moreFTSE 100 movers: Aviva rises after brokers hike target price
7th Mar 2014 14:33
Insurance group Aviva continued to rise after analysts at Barclays and JPMorgan lifted their price targets for the stock today. Yesterday saw the share price soar as investors celebrated a better-than-expected set of 2013 results after its turnaround under Chief Executive Mark Wilson delivered encou
Read moreLondon midday: Stocks pare losses as investors await US non-farm payrolls
7th Mar 2014 11:43
- Markets await non-farm payrolls - 150k gain expected by analysts, jobless rate to hold steady - Broker comments move stocks amid lack of earnings - Heavyweight miners fall techMARK 2,880.97 -0.22% FTSE 100 6,780.62 -0.12% FTSE 250 16,648.67 -0.14% UK markets had trimmed earlier losses by Friday
Read moreLondon close: Risk aversion moves up a notch, traders skittish
3rd Feb 2014 16:46
- US ISM manufacturing index surprises sharply on the downside, weather cited - Footsie finds supoort at 200-day moving average - Lloyds dives on PPI bill update, dividend plans - Chinese data just in line Market Movers techMARK 2,766.78 -0.29% FTSE 100 6,460.48 -0.77% FTSE 250 15,552.68 -0.78% Th
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