London open: Stocks fall, Misys jumps after Vista offer
19th Mar 2012 08:25
- Misys up seven per cent after 350p-a-share Vista offer - Burberry weighed down by French tax reports - Markets looking ahead to Wednesday's Budget The Footsie fell into the red in early trading on Monday, with the market looking ahead to Wednesday's Budget. "We have entered the doldrums of marke
Read moreFriday broker round-up
9th Mar 2012 10:00
ITV: Goldman Sachs raises price target to 137p from 102p, keeps at buy. Admiral: UBS hikes target from 890p to 1,085p, neutral rating unchanged. Bank of America-Merrill Lynch downgrades to underperform from neutral. AGA Rangemaster: Merchant Securities reiterates buy rating and 102p target. Ca
Read moreSector movers: Burberry lifts personal goods sector
8th Mar 2012 17:05
Personal goods constituent Burberry was providing a lift to the sector on Thursday afternoon on the back of rumours that the country is to slash import taxes on luxury goods this year. China is a key growth market for Burberry, the renowned British fashion luxury brand famous for its distinctive t
Read moreLondon close: Stocks surge ahead of Greek debt-swap deadline
8th Mar 2012 16:31
- Greek debt-swap participation rate estimated at 61 percent. - BoE, ECB keep rates on hold. - ECB cuts growth forecasts for Eurozone. The Footsie finished in the day in a bullish mood on the back of optimism that Greece will reach its participation target for the debt-swap deal to avoid a disorder
Read moreBurberry jumps on rumours of Chinese tax cuts
8th Mar 2012 15:02
Burberry, a stock often sensitive to developments in the Chinese economic outlook, was one of the highest risers on the FTSE 100 on Thursday on the back of rumours that the country is to slash import taxes on luxury goods this year. According to a report published yesterday in English-language news
Read moreLondon midday: Footsie at day's worst levels on worries over Greece, China
7th Feb 2012 11:49
- Shareholders raise questions with terms of Glencore/Xstrata merger. - BP predicts flat underlying production in 2012. - Greek talks enter critical stage. UK stocks sank further into the red by midday with worries over Greece and China - as well as an early blow to the Glencore-Xstrata merger - we
Read moreLondon open: Miners tank in early trade
7th Feb 2012 08:35
A fall in the mining sector outweighed a strong showing by oil stocks as the Footsie slipped in early trading. Eyes will again be on Greece with as the meeting between Prime Minister Lucas Papademos and the country's three main political parties, originally scheduled for yesterday, is due to take p
Read moreSector movers: Burberry lifts personal goods sector
18th Jan 2012 15:08
The personal goods sector was firmer on Wednesday afternoon, helped by heavyweight constituent Burberry as the markets digest yesterday's underwhelming trading statement. The luxury brand reported yesterday that underlying revenue growth for the three months ended December 31st (fiscal third quarte
Read moreLondon close: Macro data provides a boost, but Essar plunges
17th Jan 2012 16:38
The Footsie finished higher on Tuesday, close to the 5,700 level, but gains were steadily trimmed since the mid-morning. Providing a drag on the blue chip index in afternoon trading was oil and gas giant Essar Energy, which plunged nearly 30% after a negative tax ruling in India. MACRO DATA PROVID
Read moreSector movers: Evraz lifts industrial metals/miners
17th Jan 2012 15:56
Steel giant Evraz provided a lift in the industrial metals and mining sector on Tuesday afternoon, which was among the best performing categories of the day. The newly-listed steel firm has seen crude steel production rise by 3% in the year ended December 31st, helped by an increase in volumes in t
Read moreFTSE 100 movers: RBS tops the list, Essar drops on court ruling
17th Jan 2012 14:59
Part-nationalised lender Royal Bank of Scotland was leading the FTSE 100 higher on Tuesday afternoon after striking a deal with a Japanese bank to sell its aircraft leasing division for $7.3bn (£4.7bn). The bank said the sale of RBS Aviation Capital to Sumitomo Mitsui Banking Corporation would str
Read moreLondon midday: Stocks drift higher after Chinese, German data
17th Jan 2012 11:43
Stocks were off their intraday highs by lunchtime but the Footsie was still some 26 points up from yesterday's close, helped by some cheery Chinese GDP data and a better-than-expected German confidence survey. Fourth quarter gross domestic product (GDP) data from China was easing fears of a hard la
Read moreBroker tips: Burberry, Dixons, Redrow
17th Jan 2012 10:44
Nomura has maintained its buy stance and 1,530p target price on luxury brand Burberry, despite the negative market reaction on Tuesday, saying that the firm has reported a strong third quarter and brand momentum remains intact. The broker highlights the double-digit mainline comparable store sales
Read moreBroker snap: Strong third quarter for Burberry, says Nomura
17th Jan 2012 10:01
Nomura has maintained its buy stance and 1,530p target price on luxury brand Burberry, despite the negative market reaction on Tuesday, saying that the firm has reported a strong third quarter and brand momentum remains intact. Underlying revenues grew by 21% in the three months ended December 31st
Read moreTuesday broker round-up - UPDATE
17th Jan 2012 09:15
IMI: Exane BNP upgrades to outperform from neutral. Smiths Group: Exane BNP upgrades to outperform from neutral. RBS: Shore Capital upgrades to hold from sell. Oriel reiterates buy. RSA Insurance: UBS labels short-term buy. Resolution: UBS upgrades to buy from neutral. Burberry: Nomura main
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