London open: Stocks pause at eight-month high after mixed updates
16th Jan 2014 08:30
- Aberdeen drops as AuM fall three per cent - Retailers mixed as companies report festive sales - Mining stocks broadly higher, BHP Billiton upgraded techMARK 2,841.00 +0.01% FTSE 100 6,821.68 +0.03% FTSE 250 16,275.67 -0.11% Mixed corporate results weighed on UK markets on Thursday morning, as th
Read moreMild autumn weather dampens sales growth at N Brown
16th Jan 2014 07:54
- Full-year forecasts 'broadly in line' - LFL revenues grow 5.1 per cent, under forecasts - Online exposure continues to grow Home-shopping group N Brown said that sales in its third quarter were affected by an unusually mild autumn despite growth picking up over the key festive season. Neverthele
Read moreFTSE 250 movers: N Brown lifted by broker recommendation
10th Jan 2014 15:40
Home shopping firm N Brown jumped after Oriel Securities reiterated its 'buy' rating on the stock. Similarly, Enterprise Inns also climbed after Deutsche Bank reaffirmed its 'buy' recommendation for the pub group. Home repairs company HomeServe climbed after UBS upgraded it to a 'buy' with a 320p
Read moreSector movers: Retail stocks boosted strong sales at John Lewis
10th Jan 2014 15:35
General retail stocks were on shopping lists on Friday after strong results from High Street bellwether John Lewis and data showing a surge in online retail sales during December. According to the British Retail Consortium (BRC), overall retail sales rose at a year-on-year rate of 0.4% last month,
Read moreThursday broker round-up UPDATE
5th Dec 2013 08:15
AMEC: Canaccord Genuity raises target price from 1125p to 1300p upgrading from hold to buy. AZ Electronic Materials: Canaccord Genuity increases target price from 354p to 404p, while downgrading from buy to hold. BAE Systems: Deutsche Bank takes target price from 415p to 425p keeping a hold recomm
Read moreThursday broker round-up UPDATE
17th Oct 2013 09:45
AGA Rangemaster Group: N+1 Singer ups target price from 135p to 150p and stays with its buy recommendation. Anglo American: HSBC raises target price from 1610p to 1740p maintaining an overweight rating. Antofagasta: HSBC increases target price from 900p to 990p and upgrades to overweight. Aquariu
Read moreLondon close: Stocks jump to two-week high on hopes over US debt deal
11th Oct 2013 16:34
Hopes that US lawmakers can lift the debt ceiling and avert a default spurred markets higher on Friday with the FTSE 100 rising to levels not seen in two weeks. Sentiment was also lifted by the successful stock-market debut of postal group Royal Mail which soared by over a third after attracting a
Read moreFTSE 250 movers: Chemring shares plunge on warning
11th Oct 2013 15:24
Military equipment manufacturer Chemring sank sharply this morning after saying that its North American business continues to be affected by the US government shutdown and said the full impact was unknown - although it would have a definite impact on October order intake and deliveries in the US Dep
Read moreN Brown Group non-exec takes stake in company after share price falls
10th Oct 2013 16:35
Simon Patterson, Non-Executive Director of N Brown Group, has taken advantage of the recent decline in its share price to acquire 10,000 shares in the online and catalogue retailer. Patterson bought the shares, his only holding in the company, at 463.54p for a total spend of £46,354. The previous
Read moreLondon close: Stocks surge on signs of progress in Washington
10th Oct 2013 16:35
Stocks rebounded strongly on Thursday after hitting a three-month low the day before, as hopes that US politicians can resolve the ongoing deadlock in Washington prompted bargain hunters back into the market. The FTSE 100 finished 92.58 points higher at 6,430.49, a rise of 1.46%. This comes after t
Read moreFTSE 250 movers: Keller Group leaps on reports of entry into Africa
10th Oct 2013 14:56
Keller Group leapt on reports of a contract deal with Esorfranki, a move that would mark its entry into the African market. Esorfranki, a civil engineering and construction company, has reportedly sold its geotechnical division, which operates in Africa, to Keller. Newsagent WH Smith surged after
Read moreBroker tips: Synergy Health, Informa, N Brown
10th Oct 2013 11:35
Synergy Health remains a 'sell', according to Canaccord Geunity, with risks to consensus forecasts on the downside. Analyst Julie Simmonds said: "Following a difficult Q1, it is clear that Synergy has not yet seen an improvement in performance. We see lower organic revenue growth as an ongoing chal
Read moreLondon midday: Stocks rebound strongly from three-month low
10th Oct 2013 11:16
UK markets jumped strongly on Thursday morning following three straight days of losses as hopes build over a resolution to the political deadlock in Washington and the continuation of monetary stimulus by the Federal Reserve. After hitting a three-month low yesterday, the FTSE 100 rebounded strong
Read moreBroker snap: Change of upgrades at N Brown only small, says Citi
10th Oct 2013 09:55
Citigroup has retained its 'neutral' rating and 488p target price for online and catalogue retailer N Brown following its interim results, choosing to sit on the fence with the stock trading at 14 times earnings. First-half profit before tax came in at £45m, some 3% below Citi's forecast (£46.3m) d
Read moreThursday broker round-up UPDATE
10th Oct 2013 08:36
Ashmore Group: Canaccord Genuity takes target price from 380p to 400p and retains a hold recommendation. Numis shifts target price from 380p to 390p reiterating its hold recommendation. Ashtead Group: Numis upgrades to add with a target price of 670p. Berkeley Group: Panmure Gordon moves target pr
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