London midday: Eurozone hopes lift stocks
10th Oct 2011 12:09
Hopes that Eurozone heavyweights France and Germany will be able to sort out the crisis in the single currency zone have sent shares higher. German chancellor Angela Merkel and French prime minister Nicolas Sarkozy have agreed on a "long-lasting, complete package" to battle the region's ongoing deb
Read moreLondon open: Modest gains on hopes for Eurozone
10th Oct 2011 08:30
The Footsie edged higher in early trading on Monday, helped by developments in the Eurozone at the weekend. German chancellor Angela Merkel and French prime minister Nicolas Sarkozy have agreed on a "long-lasting, complete package" to battle the region's ongoing debt crisis, but specific details ar
Read moreSector movers: Big drop for Talvivaara drags metals/mining stocks lower
7th Oct 2011 15:25
The industrial metals and mining sector was unsurprisingly the worst performing category on Friday, as FTSE 250 constituent Talvivaara Mining saw a massive 23.38% of its market value go down the drain. The Finnish nickel and zinc miner announced this morning that chief executive Pekka Perä is to ha
Read moreBroker tips: Burberry, Tesco, Mouchel
6th Oct 2011 10:07
Seymour Pierce has kept its buy rating and 1,650p target price for British luxury brand Burberry, saying that the premium valuation to its peer group is justified. "Despite the recent sell off in Burberry shares and the sector generally driven by macro concerns over a potential global slowdown and
Read moreBroker snap: Seymour Pierce expects a strong half from Burberry
6th Oct 2011 10:06
Seymour Pierce has kept its buy rating and 1,650p target price for British luxury brand Burberry, saying that the premium valuation to its peer group is justified. "Despite the recent sell off in Burberry shares and the sector generally driven by macro concerns over a potential global slowdown and
Read moreUPDATE: Thursday broker round-up
6th Oct 2011 09:28
Intermediate Capital: RBS cuts target from 405p to 360p, buy rating maintained. EasyJet: Credit Suisse upgrades to overperform from neutral. RyanAir: Credit Suisse upgrades to overperform from neutral. Tesco: Credit Suisse reiterates overperform with target at 500p. Tesco: Evolution Securities
Read moreLondon close: Greek worries continue as Footsie drops 1%
3rd Oct 2011 16:48
Losses in London were trimmed by the end of trade on Monday after a relatively better start on Wall Street, as US benchmarks fell by just a few points. Nevertheless, concerns over the Greek deficit continued to weigh on sentiment in Europe, with major markets across the continent suffering falls of
Read moreFTSE 100 movers: 'Neutral' Burberry heading lower
3rd Oct 2011 14:07
Shares were down at Burberry after Nomura maintained its neutral rating on the British luxury brand ahead of the group's first half trading update on 12 October. The broker expects Burberry to report 29% constant currency sales growth to £820m, but forecasts a 50 basis point decline in the first ha
Read moreBroker tips: Burberry, Admiral, Cookson
3rd Oct 2011 12:56
Nomura has kept its neutral rating on British luxury brand Burberry ahead of the group's first half trading update on 12 October. The broker expects Burberry to report 29% constant currency sales growth to £820m, but forecasts a 50 basis point decline in the first half earnings before interest and
Read moreLondon midday: Stocks off intraday lows after manufacturing data
3rd Oct 2011 12:13
While losses have been trimmed since the open, Greek deficit fears continued to weigh on stocks at midday, with the banking peers Standard Chartered, Barclays and Royal Bank of Scotland among the heaviest fallers. Banks across Europe joined in with the sell-off, with French lenders BNP Paribas and
Read moreBroker snap: Margins to fall at Burberry, says Nomura
3rd Oct 2011 09:48
Nomura has kept its neutral rating on British luxury brand Burberry ahead of the group's first half trading update on 12 October. The broker expects Burberry to report 29% constant currency sales growth to £820m, but forecasts a 50 basis point decline in the first half earnings before interest and
Read moreUPDATE: Monday broker round-up
3rd Oct 2011 09:03
Antofagasta: Citi upgrades to hold, target cut from 1,230p to 1,010p. Man Group: Citi has kept its hold/high risk rating and 190p target. Lonmin: Citi maintains hold/medium risk recommendation and 1,237p target. Burberry: Nomura reiterates neutral rating and 1,356p target. Cookson: UBS upgrades
Read moreLondon close: Weak finish to volatile week
30th Sep 2011 16:54
Stocks were on the back foot heading into the weekend amid continuing worries over global growth. Data showing consumer confidence has risen for the first time in four months failed to lighten the mood. The index of sentiment remained firmly negative in September at -30, up a point from the previo
Read moreSector movers: China slow-down fears drag down Burberry
30th Sep 2011 15:56
The Alternative Energy sector was the only one showing any sort of progress on the last day of a quarter that most investors will be glad to see the back of. The Footsie sloughed off around 850 points in the third quarter of the year, with 300 or so of those lost in September. The Personal Goods se
Read moreLondon midday: Stocks under pressure amid global worries
30th Sep 2011 12:19
Stocks have drifted further into the red following a weak start to the day amid worries over global economic growth. Data showing consumer confidence has risen for the first time in four months has failed to lighten the mood. The index of sentiment remained firmly negative in September at -30, up
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