Broker tips: Burberry, M and S, Hikma
17th Apr 2012 14:27
Merchant Securities has cut its rating for luxury brand Burberry from buy to hold on valuation grounds, but has maintained its positive stance on the group. "We continue to believe that Burberry is a beneficiary of growing demand from global luxury travellers, especially in Asia, Middle East and Ru
Read moreLondon midday: Gains cemented by Spanish auction, ZEW index
17th Apr 2012 11:39
- Spain sees strong demand at debt auction - German ZEW surprises to the upside - Barclays leads banks higher after BofA note Gains for London's blue chip index had been extended by Tuesday lunchtime after some positive newsflow from Europe and a rebound in the banking sector. Spain issued €3.18bn
Read moreBroker snap: Merchant downgrades Burberry but stays positive
17th Apr 2012 09:41
Merchant Securities has cut its rating for luxury brand Burberry from buy to hold on valuation grounds, but has maintained its positive stance on the group. The group said this morning that total underlying revenue in the six months to March 31st increased by 18% to £1,027m with buoyant Retail sale
Read moreLondon open: Stocks rise ahead of Spanish auction
17th Apr 2012 08:38
- Burberry, M and S tumble after trading updates - Banks in demand after yesterday's fall - Eyes on Spanish bond auction UK blue chip stocks opened broadly higher on Tuesday morning, as a rebound in the banking sector offset some poorly received trading updates from Burberry and Marks and Spencer.
Read moreTuesday broker round-up - UPDATE
17th Apr 2012 08:36
BHP Billiton: Jefferies reiterates buy rating and 2,500p target. Burberry: Merchant Securities downgrades from buy to hold; Investec maintains buy recommendation and 1,690p target. Dairy Crest: Numis upgrades from add to buy. Daily Mail & General Trust: Investec maintains buy rating and 578p targ
Read moreLondon pre-open: FTSE set for flat start
17th Apr 2012 07:39
City sources predict the FTSE 100 will open flat, at the same level as yesterday's close of 5,666, as investors await fresh direction from the market. The tills are still ringing like billy-o in the food halls of retail bellwether Marks and Spencer, but the group confessed that trading in other p
Read moreUnderlying sales growth slows at Burberry
17th Apr 2012 07:04
Underlying revenue growth at luxury brand Burberry eased in the fourth quarter owing to a slowdown in growth at its Wholesale division. Total revenue grew to £1,027m in second half ended March 31st, from £877m in the same period the year before and up 18% on an underlying basis. However, in the thi
Read moreLondon close: Footsie up despite rising yields in Spain
16th Apr 2012 16:59
- Int'l Power leads risers after bid from GDF - Energy stocks lifted by JP Morgan - Financials weighed down by euro worries The FTSE 100 finished slightly higher on Monday with investors shrugging off concerns about the Eurozone periphery as sentiment was lifted by upbeat economic data and the Citi
Read moreTuesday preview; Marks and Spencer, Burberry
16th Apr 2012 16:24
While Tesco might be the most anxiously awaited trading statement due this week from a retailer, the updates from socks and knickers seller Marks and Spencer and fashion chain Burberry on Tuesday will also be keenly scrutinised. Warm weather in March might have helped sales of what Marks & Spencer
Read moreBroker tips: Burberry, Sage, Sainsbury
13th Apr 2012 11:26
UBS has raised its target price for luxury brand Burberry from 1,370p to 1,580p ahead of its fourth quarter sales update next week. The broker is expecting the company to report a 16.5% growth in sales (constant currency), significantly lower than the 23.7% growth seen in the first nine months of t
Read moreBroker snap: UBS sees moderating growth at Burberry
13th Apr 2012 11:24
UBS has raised its target price for luxury brand Burberry from 1,370p to 1,580p ahead of its fourth quarter sales update next week. The broker is expecting the company to report a 16.5% growth in sales (constant currency), significantly lower than the 23.7% growth seen in the first nine months of t
Read moreFriday broker round-up
13th Apr 2012 10:09
Aggreko: UBS ups target from 2,500p to 2,550p, buy rating unchanged. AstraZeneca: Jefferies maintains hold with a 3,050p target. Burberry UBS lifts target from 1,370p to 1,580p, neutral recommendation maintained. Chariot Oil & Gas: Merchant Securities initiates coverage with a buy rating and 402.
Read moreLondon open: Cautious start after Chinese GDP data
13th Apr 2012 08:37
- Chinese GDP disappoints - Miners shrug off data - Sage downgraded by Jefferies London's blue chip index started flat in early trading on Friday as some worse-than-expected economic data from China weighed on sentiment. Gross domestic product (GDP) growth in China slowed to an annual rate of 8.1%
Read moreLondon close: Lacklustre day for Footsie
3rd Apr 2012 16:52
London's leading shares drifted lower, with little to encourage buyers into the market ahead of the release this evening of the minutes from the March 13th meeting of the Federal Open Market Committee, the US Federal Reserve's policy-making committee. Sky grounded after Murdoch resignation Britis
Read moreLondon midday: Losses pared but Footsie still down
19th Mar 2012 11:42
- Greece 'more than halfway' along path to recovery - Vodafone up on tax benefit reports from CWW takeover - Misys jumps on recommended bid from Vista Losses were halved by lunchtime but the Footsie still remained in the red on a relatively quiet day for company results and economic data. Markets a
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