London open: Burberry leads stocks lower
11th Jul 2012 08:46
- Burberry sinks after Q1 results - Sentiment dampened by US earnings - FOMC minutes eyes London's benchmark index sank in early trading on Wednesday, tracking losses in US and Asian markets overnight, with Burberry providing a drag after missing sales forecasts in its first quarter. "A series of
Read moreBritvic hammered by recall and weather
11th Jul 2012 07:55
Britvic said the recall of its Robinsons Fruit Shoot and Fruit Shoot Hydro drinks could cost the company up to 25 million pounds. Added to this, poor weather conditions and weak consumer sentiment means the group now expects to deliver a full year results at the bottom end of market expectations -
Read moreMonday broker round-up
9th Jul 2012 08:13
BAE Systems: Jefferies reiterates buy recommendation and 350p target. Britvic: Societe General cuts target from 450p to 400p, buy rating unchanged. Filtrona: Citigroup downgrades to neutral, target lifted from 470p to 515p. Genel Energy: Oriel Securities initiates with buy recommendation. Halfor
Read moreThursday broker round-up:
5th Jul 2012 08:06
Aquarius Platinum: Canaccord Genuity downgrades to hold. ARM Holdings: Jefferies maintains hold rating and 485p target. Ashmore: Citigroup cuts target from 400p to 350p, neutral rating kept. Babcock: Jefferies keeps buy recommendation and 970p target. Bellway: UBS raises target from 800p to 900p
Read moreFTSE 250 movers: Phoenix rises on upgrade
4th Jul 2012 14:13
Financial group Phoenix was among the best performers on the second tier index after Berenberg upgraded its rating on the stock to 'buy', while Halfords, TalkTalk and Cranswick were all lower after going ex-dividend. Support services firm also Carillion dropped after confirming predictions that it
Read moreLondon close: US data, stimulus hopes drive gains
3rd Jul 2012 16:35
- US factory data beats forecasts - Stimulus hopes drive gains for equity markets - Barclays choppy after CEO, COO departures Following a tentative start, the FTSE 100 surged in afternoon trade on the back of some strong factory-order data in the US. Hopes that central banks from across the globe
Read moreBritvic forced to recall products using dangerous new cap
3rd Jul 2012 11:18
Soft drinks firm Britvic has been forced to recall all of its Robinsons Fruit Shoot and Fruit Shoot Hydro packs, which feature a new design cap, due to a potential packaging safety issue, resulting in a reduction to profits. The firm said that at this early stage it anticipates that there will b
Read moreSector movers: SABMiller lifts beverage stocks higher
27th Jun 2012 15:34
SABMiller and C and C were making decent gains on Wednesday, lifting the beverages sector to the top of the pile. SABMiller, the beer giant famous for its Peroni-, Foster- and Miller-branded lagers, was up nearly 3% in afternoon trade after some upbeat comments from Galvan Research. "SABMiller inv
Read moreLondon close: Stocks drop on Spanish worries
30th May 2012 16:32
- Spain in focus, bond yields surge - Eurozone economic sentiment slips - Miners fall on euro, Chinese concerns London's blue-chip index closed near its intraday low on Wednesday as ongoing concerns over the Eurozone, and particularly Spain, sank global equity markets. "Spain has taken centre sta
Read moreLondon midday: Surging Eurozone bond yields dent stocks
30th May 2012 11:31
- Bankia and Spain continue to weigh on sentiment - ECB denies interference - Chinese stimulus hopes fade Rising bond yields in the Eurozone periphery and fading hopes of further Chinese stimulus were weighing heavily on European stock markets on Wednesday; resources stocks and banks were heavy fal
Read moreLondon open: Stocks slip on concerns over China and Spain
30th May 2012 08:32
- Ex-div stocks, miners provide a drag - Hopes over Chinese stimulus fade - ECB rejects Spain's plan for Bankia After rumours of additional Chinese stimulus measures were quashed yesterday, the FTSE 100 sank in early trading on Wednesday, with resource companies among the worst performers; ex-divid
Read moreMonday broker round-up
28th May 2012 09:26
888 Holdings: Panmure Gordon reiterates buy rating and 93p target. Aggreko: AlphaValue upgrades from sell to add, target kept at 2,206.5p. Aveva: Panmure Gordon cuts target from 1,670p to 1,590p, hold rating unchanged; Merchant Securities keeps buy rating and 1,800p target. Britvic: UBS cuts targ
Read moreBritvic sales progress despite dismal weather
24th May 2012 08:03
Soft drinks firm Britvic served up a 20 per cent increase in first half profit and said despite sales being adversely affected by wetter than usual weather in April and early May, it remains confident of meeting full year targets. Group revenue rose 1.7% to £641.1m for the 28 weeks ended 15 April
Read moreThree directors buy up shares in Aga Rangemaster
9th Mar 2012 16:18
Shaun Smith, the Finance Director of cooker maker Aga Rangemaster, has bought 16,090 shares in the firm, on the same day the company revealed a rise in operating profits despite falling revenue. Smith purchased the shares at 87.00p each for a total of £13,998. The Chief Executive, William McGrat
Read moreLondon close: Banks fall after GDP data, markets await Fed
25th Jan 2012 16:14
- UK GDP figures disappoint. - Markets await FOMC statement and Bernanke. UK stocks finished firmly in the red after worse-than-expected UK gross domestic product (GDP) figures sent banks reeling early on. Meanwhile, markets in the US were mixed ahead of the Federal Open Market Committee (FOMC) sta
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