Monday newspaper round-up: Banks, Taylor Wimpey, Google
12th Jul 2010 06:42
A battle to break into Britain's crowded high street banking market is in the offing with an American private equity firm and a British consortium both gearing up for acquisitions. The New York-based JC Flowers is in talks to take control of Kent Reliance, a building society with only one branch. T
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
9th Jul 2010 11:16
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] 1016 GMT [Dow Jones] Deutsche Bank raises Burberry Group (BRBY.LN) price target to 775p from 750p. Burberry has already po
Read moreMARKET TALK: Deutsche Bank Raises Burberry Group Price Target
9th Jul 2010 11:16
1016 GMT [Dow Jones] Deutsche Bank raises Burberry Group (BRBY.LN) price target to 775p from 750p. Burberry has already pointed to the positive impact of its 'April Showers' capsule collection, which represented 10-15% of store sales where sold. Deutsche adds that other industry commentary suggests
Read moreLondon close: Back above 5,000
7th Jul 2010 16:21
Britain's banks staged an impressive turnaround Wednesday that helped carry London out of the red and onto a second day of very respectable gains. High street lenders were unsettled early on as investors waited for details on the nature of European stress tests for about 100 banks. Last-minute hagg
Read moreLondon afternoon: Banks help retrace losses
7th Jul 2010 14:26
London's leading shares have retraced most of the earlier losses as Wall Street starts with some modest gains. Wall Street was expected to begin jittery but moved ahead with tech stocks leading the advance. Banks, which were lower earlier in the day, have now retraced those losses. Lloyds and HSB
Read moreLondon midday: Market struggles despite BP rally
7th Jul 2010 12:07
A cautious update from Marks & Spencer and weak banking shares are weighing on the market despite good showings from BP and Sainsbury's. M&S reported a 3.6% rise in UK like-for-like sales in the first quarter, but is cautious about the outlook for consumer confidence and spending. Like for like sal
Read moreMARKET TALK: Citigroup Raises Burberry Price Target
5th Jul 2010 10:12
0912 GMT [Dow Jones] Citigroup raises Burberry (BRBY.LN) target to 760p from 670p to reflect the upgrade to its March '12 EPS estimate to 46.7p from 42.7p. Notes the company's update on July 13 and says it expects 1Q '11 group underlying sales growth of 14%. Also forecasts reported sales of GBP259M
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
5th Jul 2010 10:12
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] 0912 GMT [Dow Jones] Citigroup raises Burberry (BRBY.LN) target to 760p from 670p to reflect the upgrade to its March '12 EP
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
2nd Jul 2010 09:21
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0821 GMT [Dow Jones] Evolution downgrades Burberry Group (BRBY.LN) to neutral from add. Says it has been the best performi
Read moreMARKET TALK: Evolution Cuts Burberry To Neutral From Add
2nd Jul 2010 09:21
0821 GMT [Dow Jones] Evolution downgrades Burberry Group (BRBY.LN) to neutral from add. Says it has been the best performing stock in the sector over the last year and is now trading at a slight premium to its competitors. Lifts the price target to 740p from 720p. Still believes in the long-term gro
Read moreBroker tips: Debenhams, Tate & Lyle, Burberry
1st Jul 2010 13:16
Department stores group Debenhams was the best performing FTSE 250 stock on Thursday morning after a trading update but KBC Peel Hunt notes that it continues to trade on what the broker regards as an undeserved discount to the retail sector. Though like for like sales comparisons have softened ther
Read moreBroker snap: Cut price Burberry a bargain
1st Jul 2010 12:04
Nomura Securities is neutral on the luxury sector but has picked upmarket fashion label Burberry as a 'trading buy' this month. Nomura said Burberry shares have enjoyed "one of the largest re-ratings in the luxury sector in the last year, driven by the biggest price increase in the peer group that
Read moreMARKET TALK: Luxury Sector Value Reflects Future Good News
1st Jul 2010 10:33
0933 GMT [Dow Jones] A rally in prices of shares in the luxury goods sector in the past month precedes foreign exchange related earnings upgrades, says Nomura, reiterating its neutral rating for the sector. Notes macroeconomic trends prevailing in May include the strengthening dollar compared to the
Read moreMARKET TALK: Nomura Raises Burberry Price Target
1st Jul 2010 10:31
0931 GMT [Dow Jones] Nomura raises Burberry (BRBY.LN) price target price to 818p from 732p. Sees further good news to come for the company and reckons it has scope to continue increasing control over operations, particularly in Japan, where the group could unlock significant hidden value. Notes Burb
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
1st Jul 2010 10:31
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] 0931 GMT [Dow Jones] Nomura raises Burberry (BRBY.LN) price target price to 818p from 732p. Sees further good news to come fo
Read more