Broker tips: Tesco, Burberry, Hikma
17th Apr 2013 11:24
Panmure Gordon has maintained its 'buy' rating and 440p target price for supermarket group Tesco, highlighting a 'welcome shift in strategy' following the firm's full-year results. Panmure reckons that Tesco is on track in the UK and expects the recovery to "slowly emerge" this year and said that i
Read moreBroker snap: Strong execution continues at Burberry, says Nomura
17th Apr 2013 09:36
Nomura has kept its 'neutral' rating and 1,350p target price for luxury brand Burberry but has said that its valuation is 'becoming attractive' after a decent fourth quarter. Second-half trading was better than estimates, Nomura said, with Retail revenue growth at constant currency up 14% in the fo
Read moreLondon open: Ex-div stocks sink markets early on
17th Apr 2013 08:47
The FTSE 100 was in the red for the fourth straight day on Wednesday as a number of ex-dividend stocks provided a drag on London's benchmark index. Global growth concerns have weighed on markets over the last few days after a surprise slowdown was reported in China in the first quarter. These fears
Read moreLondon pre-open: FTSE to track US stocks higher
17th Apr 2013 07:41
City sources predict the FTSE 100 will open up 16 points from yesterday's close of 6,305, tracking gains seen in the US overnight. Across the Atlantic, both corporate news and macroeconomic releases were generally positive, with the 'forward-looking' housing starts numbers undershooting expectatio
Read moreBurberry hails Retail performance in second half
17th Apr 2013 07:07
Iconic British luxury brand Burberry has reported a decent rise in underlying revenue in the second half as strong growth in Retail continued to offset a weaker performance in Wholesale. Revenues totalled £1,116m in the six months to March 31st, up 9.0% an underlying basis, with Retail now accounti
Read moreWednesday preview: Tesco and Burberry to post fall in earnings
16th Apr 2013 15:14
Tesco and Burberry Group will be the centre of attention Wednesday as the FTSE 100 companies unveil their latest trading results. British supermarket Tesco is expected to report its first fall in underlying annual profits in two decades. Analysts at Vuma Consensus predict an underlying pre-tax pr
Read moreFriday broker round-up UPDATE
12th Apr 2013 07:25
Aggreko: Panmure Gordon raises target price fro, 1727p to 2106p and upgrades from hold to buy. Alternative Networks: Westhouse Securities moves target price from 280p to 295p and reiterates a neutral rating. Investec raises target price from 330p to 350p maintaining a buy recommendation. Finncap in
Read moreFTSE 100 movers: M&S rises on better-than-expected performance
11th Apr 2013 14:58
Marks & Spencer rose into the top spot on the back of strong food sales during its fourth quarter, and despite a fall in clothing sales. Overall, the period delivered a better-than-expected performance, prompting Investec to say its sees a 'glimmer of hope'. Schroders got a boost from sector peer
Read moreSector movers: PZ Cussons, Burberry lift personal goods sector higher
11th Apr 2013 14:08
Decent gains by PZ Cussons and Burberry lifted the personal goods sector to the top of the pile on Thursday. PZ Cussons, the company famous for its Imperial Leather, Carex and Original Source brands, saw shares rise 2.4% to 396.2p in afternoon trade after saying that it still expects a return to pr
Read moreLondon close: 'Ill wind' blows in from across the Atlantic
3rd Apr 2013 17:04
Markets have ended firmly lower on the day, in reaction to mixed economic data out Stateside and despite strong economic data in China. As well, company-specific news weighed on index heavy-weights Vodafone and RBS. All of the above came on the back of a nervous atmosphere ahead of central bank
Read moreWednesday broker round-up UPDATE
3rd Apr 2013 08:41
Aggreko: Credit Suisse takes target price from 1850p to 2000p staying with its neutral rating. Andor Technology: Investec ups target price from 500p to 525p reiterating a buy recommendation. AngloAmerican: Credit Suisse cuts target price from 2100p to 1900p and reiterates a neutral rating. Antofa
Read moreLondon close: Gains erased as Cyprus puts bank levy back on the table
22nd Mar 2013 16:47
Stocks trimmed gains on Friday afternoon on the back of ongoing developments in Cyprus as politicians desperately scramble to come up with a 'Plan B' to raise the funds needed to secure financial assistance from the Troika. Nevertheless, markets maintained their positive bias on hopes that a deal c
Read moreFTSE 100 movers: BT group lifted by Nomura upgrade
22nd Mar 2013 15:23
BT Group rose after Nomura upgraded the stock to 'buy', raising its target price from 290p to 360p, citing positive news flow from the company's upcoming restructuring plan, and a "solid" launch of BT Sport, which it believes will "override noise on union wage negotiations and the widening of the pe
Read moreSector movers: Mulberry profit warning takes down Burberry
22nd Mar 2013 14:32
A surprise profit warning from high-end fashion group Mulberry dampened the demand for luxury peer Burberry on Friday, meaning that the personal goods sector was the worst-performing category of the day. Shares in Mulberry, known for its posh handbags, were down 17.41% at 1,020p% in afternoon trade
Read moreLondon midday: Markets cautious on critical day for Cyprus
22nd Mar 2013 11:47
European stocks were making moderate gains on Friday morning but the mood on financial markets was cautious with the focus firmly on Cyprus ahead of pivotal day for the country's future in the Eurozone. According to government spokesman Christos Sylianides this morning, the "next few hours" are key
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