UK MARKET TALK ROUNDUP: SHARES GAINING
19th Jul 2010 10:12
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0912 GMT [Dow Jones] Investec Securities lifts Burberry (BRBY.LN) to buy from hold and raises its target price to 950p fro
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
19th Jul 2010 08:15
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0715 GMT [Dow Jones] Nomura raises its Burberry Group (BRBY.LN) target price to 826p from 818p and maintains a neutral rating
Read moreMARKET TALK: Nomura Raises Burberry Group Target Price
19th Jul 2010 08:15
0715 GMT [Dow Jones] Nomura raises its Burberry Group (BRBY.LN) target price to 826p from 818p and maintains a neutral rating following the company's announcement it will buy out its Chinese franchisees' and take control of its operations in that market. The company expects the deal to be broadly ea
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
19th Jul 2010 07:58
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0658 GMT [Dow Jones] UBS raises Burberry Group (BRBY.LN) target price to 790p from 730p, following the company's announcement
Read moreMARKET TALK: UBS Boosts Burberry Group Target Price
19th Jul 2010 07:58
0658 GMT [Dow Jones] UBS raises Burberry Group (BRBY.LN) target price to 790p from 730p, following the company's announcement that it will buy out its Chinese franchisees. UBS sees this transaction as very positive for Burberry, given that it allows the group to directly operate its business in what
Read moreMARKET TALK: Bernstein Raises Burberry Price Target
19th Jul 2010 07:52
0652 GMT [Dow Jones] Bernstein Research raises Burberry (BRBY.LN) price target to 800p from 750p after the company announces it is to acquire its franchisee operations in China. Says this occurred sooner than expected. It notes that this move comes after a number of concerted actions have been unde
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
19th Jul 2010 07:52
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0652 GMT [Dow Jones] Bernstein Research raises Burberry (BRBY.LN) price target to 800p from 750p after the company announces
Read moreLondon close: US gloom floors Footsie
16th Jul 2010 16:36
Footsie closed in the red going into the weekend despite a good start as early optimism in the US earnings season gave way to doubts. Results from banks Citigroup and Bank of America and the conglomerate GE were poorly received, sending US shares plunging. Here, BP climbed after saying that it ye
Read moreLondon afternoon: US drags Footsie lower
16th Jul 2010 14:57
Footsie has dipped into the red following a poor start on Wall Street on the back of poorly received company updates as the earnings season picks up pace. Results from banks Citigroup and Bank of America and the conglomerate GE have been poorly received, sending US shares plunging. Here, BP is hi
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
16th Jul 2010 13:06
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1206 GMT [Dow Jones] Charles Stanley raises its '12 EPS estimate for Burberry (BRBY.LN) by 6% to 47.7p to reflect the anti
Read moreMARKET TALK: C Stanley Raises Burberry EPS Estimate
16th Jul 2010 13:06
1206 GMT [Dow Jones] Charles Stanley raises its '12 EPS estimate for Burberry (BRBY.LN) by 6% to 47.7p to reflect the anticipated additional profit contribution from China, following the company's acquisition of its Chinese retail operations. Says the acquisition price of GBP70M appears reasonable.
Read moreLondon midday: Good day in light trading
16th Jul 2010 12:16
London's blue chips are having a good day, largely on the back of BP shares' enthusiastic response to the better news coming out of the Gulf of Mexico. BP yesterday succeeded in stopping the flow of oil pouring into the Gulf of Mexico for the first time in three months. The shutdown is part of an "
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
16th Jul 2010 10:23
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0923 GMT [Dow Jones] Evolution lifts Burberry (BRBY.LN) price target to 830p from 780p following the company's acquisition
Read moreMARKET TALK: Evolution Lifts Burberry Price Target
16th Jul 2010 10:23
0923 GMT [Dow Jones] Evolution lifts Burberry (BRBY.LN) price target to 830p from 780p following the company's acquisition of its Chinese business from its franchisee. As a result, Evolution lifts '12 EPS forecast by 6% to 48.1p. It says the deal is expected to add GBP20M to group operating profits
Read moreMARKET TALK: Burberry's Chinese Store Deal Is Excellent - Evo
16th Jul 2010 09:55
0855 GMT [Dow Jones] Burberry's (BRBY.LN) acquisition of its Chinese business from its franchise partner is an "excellent" deal financially and gives the company greater control of its products, Evolution Securities analyst Dennis Weber says. Adds: "Strategically, this will allow Burberry to ensure
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