London close: FTSE 100 edges higher after quiet session
20th Jan 2014 16:45
- FTSE 100 within touching distance of 14-year high - Banks fall after Deutsche Bank's Q4 loss - Chinese growth slowed down in Q4 - UK outlook improves - HSBC highlights potential risks from too-low inflation readings techMARK 2,853.67 +0.09% FTSE 100 6,836.73 +0.11% FTSE 250 16,227.11 +0.25% It
Read moreBroker tips: Burberry, AB Foods, Motor insurers
20th Jan 2014 12:11
Credit Suisse has lowered its recommendation for luxury fashion brand Burberry from 'outperform' to 'neutral', saying that the outlook for the stock looks 'tough' in the near term. "We now think that Burberry's superior top-line momentum is unlikely to translate into superior earnings growth versus
Read moreBroker snap: Credit Suisse downgrades Burberry on 'tough' short-term outlook
20th Jan 2014 09:59
Credit Suisse has lowered its recommendation for luxury fashion brand Burberry from 'outperform' to 'neutral', saying that the outlook for the stock looks 'tough' in the near term. The bank has reduced its earnings per share (EPS) estimates for the years ending March 2015 and 2016 by 4%, leading to
Read moreMonday broker round-up UPDATE
20th Jan 2014 08:41
Admiral Group: Canaccord Genuity raises target price from 1160p to 1400p and upgrades to hold. African Barrick Gold: Westhouse Securities lowers target price from 170p to 160p and downgrades to sell. Alkane Energy: Liberum Capital downgrades to hold with a target price of 44p. Allocate Software:
Read moreThursday broker round-up UPDATE
16th Jan 2014 08:59
Aberdeen Asset Management: Canaccord Genuity cuts target price from 586p to 540p, while its buy recommendation remains unchanged. Anglo American: UBS ups target price from 1500p to 1580p upgrading from neutral to buy. Antofagasta: Investec reduces target price from 716p to 685p maintaining a sell
Read moreLondon close: FTSE 100 breaks 6,800 to finish at eight-month high
15th Jan 2014 16:36
- Burberry jumps after Q3 growth beats forecasts - Anglo American gains after UBS upgrade - World Bank revises up growth forecasts - FTSE 100 at eight-month high; DAX hits new record techMARK 2,840.71 +0.79% FTSE 100 6,819.86 +0.78% FTSE 250 16,292.94 +0.35% Stocks finished strongly on Wednesday,
Read moreBurberry's sales beat forecasts on Asia Pacific growth - UPDATE
15th Jan 2014 15:52
- Retail revenues total 528m pounds in Q3 - Comparable sales growth beats forecasts - Asia Pacific drives sales Iconic fashion brand Burberry impressed the market with its third-quarter statement on Wednesday as strong growth in its key region of Asia Pacific pushed sales past expectations. The Br
Read moreSector movers: Burberry lifts personal goods stocks, GKN lifts autos
15th Jan 2014 15:05
Personal goods stocks were in demand on Wednesday after quarterly results from high-end luxury brand Burberry beat analysts' forecasts. The share price was 5.5% higher at 1,550p in afternoon trade after the company delivered a 14% rise in retail revenue to £528m in the third quarter. Comparable s
Read moreFTSE 100 movers: Hargreaves hit by changes under RDR
15th Jan 2014 14:56
Financial services company Hargreaves Lansdown plunged into the bottom spot today after it said that new rules under the Retail Distribution Review (RDR) would trim revenues by around 9m pounds and would reduce client charges by 8m pounds in the first 12 months and said it will need to gather approx
Read moreLondon midday: FTSE 100 closing in on 6,800 as stocks gain
15th Jan 2014 12:04
- Burberry jumps after Q1 sales growth - Anglo American lifted by UBS upgrade - Credit Suisse prefers life insurers over P&Cs - World Bank raises 2014 growth forecasts techMARK 2,830.56 +0.43% FTSE 100 6,791.80 +0.37% FTSE 250 16,254.51 +0.11% Stocks rose to an eight-month high on Wednesday mornin
Read moreLondon open: Burberry lifts FTSE 100 to eight-month high
15th Jan 2014 08:44
- Burberry jumps after Q1 sales growth - Anglo American lifted by UBS upgrade - World Bank raises 2014 growth forecasts techMARK 2,830.00 +0.41% FTSE 100 6,792.24 +0.38% FTSE 250 16,280.74 +0.28% Strong gains from Burberry and Anglo American helped markets higher on Wednesday morning, sending Lond
Read moreLondon pre-open: FTSE to extend Tuesday's gains
15th Jan 2014 07:40
- FTSE to open 16 points higher - US markets recover on retail sales data - Quiet day expected with focus on earnings City sources predict the FTSE 100 will open 16 points above yesterday's close of 6,766.86, building on Tuesday's modest rise of 10 points late in the session. Overnight, US market
Read moreBurberry sales slow marginally in third quarter
15th Jan 2014 07:21
- Sales up 12 per cent - Retail revenue up 14 per cent - Outlook and expectations remain the same Revenue growth slowed marginally in the third quarter for fashion retailer Burberry, in line with expectations, as in-store traffic remained weak but grew online. On the back of continued growth of me
Read moreBroker tips: Sainsbury, Burberry, Domino's, Air Partner
8th Jan 2014 12:08
Panmure Gordon has maintained its 'hold' rating for Sainsbury despite the supermarket group beating consensus forecasts with its third-quarter results. The stock trades at 11.3 times earnings and offers a 4.7% dividend yield which the broker admits isn't particularly demanding. "It is our favourite
Read moreBroker snap: Nomura cuts estimates for Burberry on FX headwinds
8th Jan 2014 09:09
Nomura has trimmed its forecasts for High End luxury brand Burberry ahead of its trading update next week, saying that currency headwinds are likely to weigh on results in the second half. The broker maintained a 'neutral' rating and 1,630p target price for the stock on Wednesday. Burberry will up
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