London midday: UK stocks pull back from six-week high despite upbeat Eurozone data
14th Nov 2014 11:28
Mining and oil shares were leading the UK stock market lower on Friday as commodity prices weakened, with the FTSE 100 pulling back after hitting its highest level in a month and a half. Nevertheless, losses were only modest in London, with sentiment supported by some reassuring growth figures from
Read moreLondon open: Resource stocks drag FTSE lower, but Eurozone data impresses
14th Nov 2014 08:28
UK stocks pulled back from their highest levels in a month and a half on Friday, though the downside was being limited by some rare positive economic data from the Eurozone. Figures released on Friday morning showed that both Germany and France returned to growth in the third quarter, reassuring the
Read moreLondon midday: UK retailers rise on Morrison results, but markets flat ahead of ECB
6th Nov 2014 11:44
The London stock market was more or less flat by Thursday lunchtime, erasing earlier losses after a well-received update from Morrison's boosted shares in the retail sector. However, upside was being limited ahead of a number of risk events expected before the weekend, including a European Central B
Read moreUK retail sales slow in September, ONS says
23rd Oct 2014 08:37
UK retail sales fell 0.3% last month against August, although they still racked up their 18th month in a row of year-on-year growth, official data showed. Month-on-month sales fell 0.3% but year-on-year sales rose 2.7%, according to the data from the Office for National Statistics (ONS). The underl
Read moreTuesday broker round-up UPDATE
21st Oct 2014 08:50
African Barrick Gold: JP Morgan cuts target price from 340p to 300p and stays with its overweight rating. Anglo American: JP Morgan raises target price from 1240p to 1310p, while leaving its underweight rating unchanged. Investec increases target price from 1573p to 1603p and stays with its buy reco
Read moreFTSE 250 movers: Synergy Health soars on Steris Corp buy-out
13th Oct 2014 15:27
Synergy Health shares rocketed after it was announced US-based medical technology group Steris Corp. had agreed to buy the UK company for $1.9bn. Synergy shareholders will be paid 439p a share in cash and 0.4308 shares in the newly combined group, valuing shares in the FTSE 250 group at £1.2bn, or 1
Read moreMonday broker round-up UPDATE
13th Oct 2014 09:32
Amino Technologies: Northland Capital upgrades to buy with a target price of 100p. Anglo American: Canaccord Genuity initiates with a target price of 1720p and a buy recommendation. Credit Suisse upgrades to outperform with a target price of 1800p. Associated British Foods: Societe Generale upgrade
Read moreFriday broker round-up UPDATE
10th Oct 2014 09:42
British American Tobacco: Goldman Sachs reduces target price from 3530p to 3250p downgrading to sell. Brown (N) Group: UBS cuts target price from 490p to 445p leaving its buy recommendation unchanged. Diageo: Goldman Sachs reduces target price from 2030p to 1925p and keeps a neutral rating. Dixons
Read moreFTSE 250 movers: Miners lead upside as N Brown brings up the rear
9th Oct 2014 16:12
As on the top tier, mining stocks moved higher as a weaker dollar prompted a jump in gold and silver prices. Recruitment firm Hays has made a "good start" to the new financial year with like-for-like (LFL) net fees up 9% in the first quarter. Fees from temporary positions increased by 7% on a LFL ba
Read moreN+1 Singer reviews N Brown after profit warning
9th Oct 2014 12:21
N+1 Singer is taking another look at its stance on N Brown after mild weather forced the catalogue and online retailer to warn on annual profits, although the broker remained optimistic. N Brown, whose brands include Jacamo, Simply Be and Figleaves, on Thursday unveiled interim results matching lowe
Read moreThursday broker round-up UPDATE
9th Oct 2014 09:27
African Barrick Gold: Numis reduces target price from 330p to 270p keeping its hold recommendation. Antofagasta: Numis upgrades to hold with a target price of 700p. Aureus Mining: Numis lowers target price from 45p to 40p staying with its buy recommendation. Boohoo: Barclays initiates with a targe
Read moreLondon pre-open: FTSE set for strong start after Fed meeting minutes
9th Oct 2014 07:46
The FTSE is in line for a strong start following a positive reaction in the US to the minutes of the latest Federal Reserve meeting. City sources predict the FTSE 100 will open around 63 points higher than yesterday's close of 6,482.24. The gains also come after Aluminum producer Alcoa unofficially
Read moreN Brown lowers full-year profit guidance
9th Oct 2014 07:23
While interim results were in line with reduced expectations, clothing retailer N Brown lowered guidance for full-year profits after the second half started weakly due to mild weather. The board now expects the pre-tax profits of between £88m-£92m, before expected reorganisation costs of around £5m.
Read moreFTSE 250 movers: Ophir climbs after unveiling new gas discovery
16th Sep 2014 15:41
Africa-focused Ophir Energy rose after it announced a new gas discovery in block R which it says increases the value of its 80%-owned offshore Equatorial Guinea project. The Silenus East-1 well found a 67m gross gas column in the primary target with a high-quality reservoir in line with pre-drill ex
Read moreLondon midday: UK stocks near one-month low as retailers drop
16th Sep 2014 11:49
UK stocks were trading at levels not seen in nearly a month on Tuesday as a sharp drop in German economic confidence and disappointing data from China dampened sentiment. A profit warning from online fashion retailer ASOS and a disappointing updates from Thomas Cook, N Brown and Crest Nicholson were
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