London close: Stocks end higher
30th May 2013 17:30
The FTSE 100 finished the day higher, although sentiment remained fragile following the sell-off the day before, with investors taking caution ahead of some key economic indicators due out Stateside, which in the end all came in slightly worse than expectations. Such figures may help a little to c
Read moreWednesday broker round-up UPDATE
22nd May 2013 09:37
Afferro Mining: Panmure Gordon reduces target price from 279p to 100p, while keeping its buy recommendation. Amara Mining: Westhouse Securities cuts target price from 110p to 90p retaining a buy recommendation. Amlin: Westhouse Securities moves target price from 455p to 470p and upgrades to add.
Read moreLondon close: Stocks surge as earnings impress, inflation eases
21st May 2013 16:46
Well-received results from a number of FTSE 100 heavyweights and a sharp drop in consumer-price inflation in the UK lifted London's benchmark index to fresh multiyear highs on Tuesday. The Footsie finished at a closing price of 6,803.87 (up 0.7% on the day), trading at levels not seen in over a dec
Read moreSector movers: Burberry lifts personal goods sector after record results
21st May 2013 15:00
Burberry was trading at 12-month highs on Tuesday after beating expectations with its 2012/13 results, lifting the personal goods sector to the top of the pile. Strong growth from its fast-growing Asia Pacific division - China and Hong Kong particularly - helped drive group sales at the luxury bran
Read moreFTSE 100 movers: Carnival dives on profit warning
21st May 2013 14:51
Cruise ship operator Carnival, the world's largest, took a hit after it issued a brutal profit warning overnight for its full-year earnings per share, primarily as a result of lower net revenue yield expectations due to its current cruise ticket pricing. RBS was retreating one day after Numis rais
Read moreBroker tips: Capita, Burberry, Carnival
21st May 2013 11:42
Jefferies has kept its 'buy' rating and 1,010p target price for outsourcing giant Capita after a 'significant contract win' announced on Tuesday with O2. Meanwhile, the broker highlighted press reports that suggested that Capita could be in line for a large contract with the Metropolitan Police. W
Read moreLondon midday: Stocks extend gains as inflation falls sharply
21st May 2013 11:38
Stocks held on to 12-year highs on Tuesday morning as a sharp drop in consumer-price inflation lifted the outlook for the UK economy. Helping to keep markets in positive territory this morning was falling inflation in the UK. The rise in consumer prices slowed sharply from an annual rate of 2.8% to
Read moreBroker snap: Nomura lifts target for Burberry as results beat forecasts
21st May 2013 10:13
Brand elevation has continued at Burberry, according to Nomura which has upped its target price for the luxury stock after its full-year results came in above forecasts. The company reported earnings per share of 70p (+14%) in the year to March 31st with a product mix, inventory management, foreign
Read moreLondon open: Markets hold on to 12-year highs
21st May 2013 08:30
Markets were trading within a narrow range on Tuesday morning after finishing at 12-year highs the day before, as traders consider how much further the impressive year-to-date rally has to go. The FTSE 100 finished at 6,755.63 on Monday afternoon, a level not seen since September 2000, while other
Read moreTuesday broker round-up UPDATE
21st May 2013 07:12
Antofagasta: Canaccord Genuity reduces target price from 1065p to 1040p, while leaving its hold recommendation unchanged. Barratt Developments: Goldman Sachs takes target price from 351p to 371p maintaining a buy recommendation. Big Yellow Group: Investec increases target price from 370p to 430p a
Read moreBurberry jumps as Asia drives record growth - UPDATE
21st May 2013 07:07
Angela Ahrendts, the Chief Executive Officer of Burberry, said that the British luxury brand remains well-positioned with 'opportunity by channel, region and product' after beating expectations in 2012/13. The stock, which sunk back in September after a profit warning, was trading at 52-week highs
Read moreLondon close: Stocks hit by fears over growth, US earnings
17th Apr 2013 16:50
Fears over economic growth and a raft of disappointing earnings in the States weighed heavily on global markets on Wednesday, while a number of heavyweight stocks going ex-dividend dampened the FTSE 100 in London. Bank of America (BofA) was the first major US bank to miss forecasts this earnings se
Read moreSector movers: Burberry results lift personal goods sector higher
17th Apr 2013 15:13
Decent gains for heavyweight luxury brand Burberry ensured that the personal goods sector was the best performing category of the day on Wednesday. The iconic British high-end designer reported a 9.0% underlying rise in revenues to £1,116m in the second half, helped by a strong performance in its R
Read moreFTSE 100 movers: Tullow Oil dives on drilling plans
17th Apr 2013 14:47
Tullow Oil saw its shares drop significantly after its joints venture partner Northern Petroleum gave an update on one of its wells at its joint venture project in French Guiana. Following an announcement by Northern Petroleum, the company confirmed that the GM-ES-3 well, which to-date has had no si
Read moreLondon midday: FTSE 100 on track for fourth straight loss
17th Apr 2013 11:39
A number of heavyweight stocks going ex-dividend assured that London's FTSE 100 index was in the red for a fourth consecutive day on Wednesday, while concerns over the global economy continued to weigh on sentiment. Global growth fears have hit markets over the last few days after a surprise slowdo
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