Broker tips: Domino's Pizza, Aberdeen Asset, Burberry
28th Sep 2011 14:15
Peel Hunt has lowered its recommendation on on Domino's Pizza to "hold" from "buy" on valuation grounds, despite a strong trading update from the pizza deliverer. Domino's Pizza posted like-for-like sales growth of 3.9%, up from 2.4% in the first half. "We see the stock as a core leisure holding
Read moreBroker snap: Alphaville upgrades Burberry as growth continues
28th Sep 2011 11:55
Broker Alphaville has lift its recommendation on luxury goods group Burberry to "reduce" from "sell", pointing to its strong first quarter update. The broker notes that the rich continue to favour luxury products despite their expense. "The emerging markets are continuing to zoom with stores acqui
Read moreLondon close: Markets dive on dismal global outlook
22nd Sep 2011 16:30
Gloomy comments from the Federal Reserve last night followed by even gloomier remarks by leading economists terrified the markets on Thursday, with benchmarks in the UK, Europe and the US suffering falls of between 3% and 5% as of 16:30. The FTSE 100 in London was nearly 5% down by the end of the se
Read moreCentamin Egypt boss buys again
22nd Sep 2011 14:30
The chairman of FTSE 250-listed gold miner Centamin Egypt Josef El-Raghy has doubled his personal stake in the company, taking more than £550,000 of shares. He took 500,000 at 110.9p a time and now has a personal holding of 1m shares. However, including "his connected persons" El-Raghy has 71.2m s
Read moreLondon midday: Slide continues
22nd Sep 2011 12:04
The FTSE 100 has continued diving and now looks in danger of dipping below the 5,000 point mark as comments from the US Federal Reserve last night continue to jangle nerves. Miners Xstrata and Kazakhmys are now posting double-digit percentage losses. Luxury fashion group Burberry is also nursing he
Read moreUPDATE: Thursday broker round-up
22nd Sep 2011 09:55
Burberry: AlphaValue downgrades to sell, target cut from 1,297p to 1,302.5p. Anglo American: Societe Generale upgrades to buy, target cut from 3,250p to 3,000p. TUI Travel: Numis Securities downgrades to hold, target decreased from 180p to 160p. Aegis Group: Barclays downgrades to equal-weight, t
Read moreLondon close: FTSE 100 in strong rebound
20th Sep 2011 16:42
London's leading share index closed pretty much where it started the day yesterday, staging an impressive recovery even as Standard & Poors' downgrade of Italy cast a shadow. In a fresh blow to the debt-stricken country, the ratings agency downgraded its rating on Italian sovereign debt by one notc
Read moreSector movers: Burberry lifts personal goods sector
20th Sep 2011 16:31
Burberry was among the best performers on the FTSE 100 on Tuesday, pulling the personal goods sector higher. The iconic British luxury brand was 4% higher before the close of trade, after its Prorsum brand dazzled the fashion industry at London Fashion Week on Monday. Meanwhile, shares rose in sym
Read moreLondon midday: FTSE 100 climbs as stocks rebound
20th Sep 2011 12:23
Stocks have been steadily moving higher and are now posting strong gains in spite of Standard & Poor's downgrade of Italy. The rise comes after the leading share index suffered triple-digit losses yesterday. In a fresh blow to the debt-stricken area, the ratings agency) downgraded its rating on Ita
Read moreLondon open: Markets cautious as debt crisis rages on
20th Sep 2011 08:34
It was a flat start in London, as investors remained concerns with the escalating debt crisis in the Eurozone. In a fresh blow to the debt-stricken area, ratings agency Standard & Poor's (S&P) downgraded its rating on Italian sovereign debt by one notch on Monday night, citing poor economic growth
Read moreBroker tips: BG, Burberry, ASOS
16th Sep 2011 12:52
Shares in BG Group were helped higher by speculation that two Chinese oil companies are interested in acquiring BG's Brazilian business, which UniCredit believes could act as a catalyst for the stock. "Given the recent resource estimates increase, it is possible that BG is considering ways to fund
Read moreBroker snap: UBS slashes target for Burberry
16th Sep 2011 12:07
UBS has kept its neutral rating but cut its target price by 100p for British luxury brand Burberry after spending two days with senior management. "Our main takeaway was that the company is in a structurally better position versus 2008 as it benefits from higher exposure to emerging market consumer
Read moreLondon close: Footsie jumps on euro hopes
15th Sep 2011 16:27
After an already strong start to trading on Thursday on the back of a Franco-German statement on Greece, markets across Europe surged following a European Central Bank (ECB) announcement in mid-afternoon, helping the Footsie in London finish over 2% higher. Early on, investors celebrated last night
Read moreSector movers: GKN drives auto stocks higher
15th Sep 2011 15:17
With the European Central Bank announcing that it is to provide Eurozone banks with US dollars until the end of the year, markets were soaring on Thursday afternoon, with the FTSE 100 being no exception, gaining over 2.5% as of 15:30. As such, no sectors were in the red, as investors celebrated the
Read moreUPDATE: Burberry jumps on tax cut rumours
15th Sep 2011 13:14
Iconic British luxury brand Burberry was leading the surge on the FTSE 100 on Thursday, on speculation that it could see a reduction in luxury goods taxes in a key market - China. Chinese newspaper National Business Daily has refuelled the debate, reporting that import duties on luxury items may be
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