Wednesday broker round-up - UPDATE
11th Jan 2012 08:56
Unilever: Bank of America Merrill Lynch downgrades to underweight from neutral. Aggreko: Credit Suisse downgrades to neutral from outperform. Capita: Citi upgrades to buy from neutral. Reckitt Benckiser: Morgan Stanley upgrades to overweight from neutral. Rentokil: RBC upgrades to top-pick fr
Read moreLondon open: Footsie pulls back early on
11th Jan 2012 08:16
The FTSE 100 nudged lower in early trading on Wednesday despite a decent start for retailers, as investors pause for breath following yesterday's sharp rise, which was sparked by the announcement that Fitch does not intend to downgrade France this year. After a strong showing yesterday, the heavywe
Read moreDecember pick-up for N. Brown
11th Jan 2012 07:16
Internet and catalogue home shopping specialist N. Brown said trading picked up in December after flat performance in October and November. Total group revenue in the 19 weeks to January 7th increased by 2.3% from a year earlier, while like-for-like revenue, which excludes sales from new stores, ro
Read moreBroker tips: Retailers, European Goldfields, LSL
22nd Dec 2011 11:15
Credit Suisse has reassessed its forecasts across the European General Retail sectorahead of the January 2012 trading statement season. "Demand conditions for 2012 remain uncertain, although we are cautiously optimistic on the UK environment versus the rest of Europe," the Swiss broker said. "An
Read moreBroker snap: Credit Suisse cautiously optimistic for UK retailers
22nd Dec 2011 10:58
Credit Suisse has reassessed its forecasts across the European General Retail sector ahead of the January 2012 trading statement season. "Demand conditions for 2012 remain uncertain, although we are cautiously optimistic on the UK environment versus the rest of Europe," the Swiss broker said. "Ann
Read moreThursday broker round-up - UPDATE
22nd Dec 2011 08:21
Kingfisher: Credit Suisse reiterates outperform rating and 310p target. Next: Credit Suisse maintains outperform rating and 3,000p target. Marks & Spencer: Credit Suisse cuts target from 345p to 334p, neutral rating unchanged. Home Retail: Credit Suisse cuts target from 85p to 70p, keeps underper
Read moreUPDATE: Thursday broker round-up
13th Oct 2011 09:42
Logica: RBS raises target from 110p to 115p and keeps buy rating. F&C Asset Management: RBS cuts target from 72p to 65p, hold rating maintained. Henderson: RBS scales back target from 183p to 170p, but keeps buy recommendation. Anglo American: Credit Suisse maintains neutral rating and 3,500p tar
Read moreLondon close: Stocks close lower despite rally
11th Oct 2011 16:35
Stocks rallied towards the close as uncertainty over the euro situation continues to stoke volatility, but the top share index still finished in the red. A much awaited vote in Slovakia has yet to take place. Opposition parties in the small central European state could move to block Slovakian appro
Read moreLondon midday: Stocks fall as euro nerves resurface
11th Oct 2011 12:23
Stocks are firmly in the red now as investors nervously await a vote in Slovakia on ratification of the Eurozone rescue fund. Opposition parties in the small central European state could move to block Slovakian approval of the bailout fund, arguing that they shouldn't have to cough up to help Gree
Read moreUPDATE: Tuesday broker round-up
11th Oct 2011 08:03
Wolseley: RBS cuts target to 2,378p from 2,420p, stays at buy. Premier Oil: UBS upgrades from neutral to buy, cuts target from 445p to 430p. British Land: Alpha value downgrades to 'reduce' from 'add'. Whitbread: Morgan Stanley upgrades to 'overweight' from 'neutral'. Vodafone: Investec reiter
Read moreTough start to second half for N. Brown
11th Oct 2011 07:19
Internet and catalogue shopping firm N. Brown had a solid first half to its trading year but sales have gone ex-growth in the second half. Like-for-like (LFL) sales for the six weeks ended October 8th were down 1.5% on the corresponding period of last year, with the company seeing "extremely volati
Read moreLondon pre-open: Pause for breath
11th Oct 2011 07:17
London looks set to take a pause for breath after yesterday's strong showing, with City sources predicting the FTSE 100 will crawl into the fifty-four hundreds after closing last night at 5,399. Engine developer Rolls-Royce has been awarded a $99.9m contract by the US Department of Defense Naval A
Read moreFTSE 250 movers: Booker Group bucks the trend
6th Jul 2011 15:28
The FTSE 250 pulled back from yesterday's gains on Wednesday as worries about the health of another Eurozone country, Portugal came into focus after Moody's Investors Service downgraded the country's credit rating to junk. The index tracking the blue-chip stocks also tumbled below the 6,000 points m
Read moreFTSE 250 movers: Clothing retailers gain momentum
5th Jul 2011 15:22
Apparels and sports and athletic inspired fashion retailers rose sharply on Tuesday, pushing the mid-cap stock index higher. The top risers on the FTSE 250 included Carpetright and Sports Direct. Dixons Retail, whose shares had lost more than 4% since its earnings report on June 23, also climbed hig
Read moreLondon midday: Stocks stay above 6,000
5th Jul 2011 12:21
Stocks have crept further beyond the 6,000 point mark as the post-Greek pro-austerity measures vote rally continues. In company news, most interest is to be found in the mid-cap index. N Brown, the FTSE-250 online and catalogue retail firm is wanted after total group revenue increased 5.1% in the 1
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